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Business Insurance

Business Insurance

As a business owner, you have enough to worry about. Let Romeo Heatherly Insurances Services fit you with a commercial policy that’s designed to protect your business and provide you with overall peace of mind. 

We offer competitive rates on general liability and workers’ compensation. As your business grows, we’ll help you modify your policy so that you’ll always remain protected. Commercial insurance or business insurance policies are available for small, large, sole-proprietor, or home-based businesses.

Types of North Carolina Business Insurance

There are many different types of insurance for North Carolina business owners. They can include:

Automobile – Almost every business nowadays has a company vehicle or a fleet of company vehicles. You need to insure against damage to yourself, property, the drivers, third-party injuries, cargo, and those who are riding in the car itself. Minimum limits for North Carolina are 30/60/25, and some commercial auto limits are higher.

Worker’s Compensation – Employer’s liability and worker’s comp are two forms of no-fault insurance that the employer provides for the employee. In exchange for giving up certain rights to sue, the employee retains protection from injuries they sustained while on the job.

Fire Coverage – Even the smallest of fires can cause irreparable damage to your business. Your business and real property need to be protected in the event of a fire. There are two types of policies: peril and all risks. Insurance companies will look at such factors as what type of construction, how you use the premises, available fire protection, the contents, and equipment, to name just a few.

Interruption of Business – If an event causes loss of business due to an insured peril, business interruption insurance can insure the income of the company. This can help keep you afloat until you’re able to get things back under control.

General Liability – This covers a broad spectrum of liability exposures. There exist two types of policy triggers that can generate coverage: occurrence and claims made. There are other considerations as well, such as contractual liability, duty to defend, aggregate limits, pollution exposures, and fire legal liability.

Bonds – A bond is different from insurance in the sense that it expects zero loss. It generally guarantees performance, or that certain things will or won’t happen or be done. There are usually three parties involved with a band: the surety (insurance company), oblige (the owner or whoever will benefit in the event of a loss), and the principal (the entity that the bond guarantees).

There are many other types of business insurance policies available, such as:

  • General and Professional liability insurance
  • Business property insurance
  • Commercial property insurance
  • Excess and umbrella
  • Inland marine
  • Package policies
  • Flood and earthquake
  • Workers compensation insurance
  • Specialty programs for bars and nightclubs insurance
  • Specialty programs for cyber liability insurance
  • Specialty programs for fitness Center/Gym insurance
  • Specialty programs for firearm self-defense insurance

Commercial Insurance Carriers

We have multiple companies to serve you with including: Nationwide, Utica National, Progressive, Employers, Foremost, Hamilton, Builders & Tradesmen’s Insurance Services and have access to many others for all your business insurance needs in Hickory and the surrounding Catawba, Caldwell, Burke, and Alexander counties.

Our Business Insurance Services include:

  • Business Owners Packages (BOP)
  • Commercial Auto
  • Bonds
    • Surety
    • Fidelity
  • Business Umbrella Policies
  • Church Insurance
  • Employee Benefits
  • Employee Insurance
  • Equipment Floater
  • Builders Risk
  • Inland Marine
  • Professional Liability Insurance
    • Directors & Officers
    • Landscapers
    • Liquor Liability
    • Painters
    • Pollution Liability
  • Boiler Machinery
  • Special Event
  • General Liability
    • Contractors
    • Electricians
    • Professional Offices
    • Property Managers & Owners
    • Retail Stores
    • Plumbers
  • Workers Compensation
  • Commercial Building Property
    • Self-Storage
    • Store & Lock Centers
    • Retail Stores
  • EPLI - Employment Practices Liability Insurance
  • Truck & Trucking
  • Restaurants
    • Bars & Taverns
  • Errors and Omissions
  • Wind
  • Tailored Packages for Strip Centers
  • Crime
  • Service & Repair Insurance
    • Garage Keepers
    • Auto Body Shops
    • General Repair Shops

Frequently Asked Questions

Frequently Asked Questions

What are North Carolina's commercial auto insurance requirements?

Bodily injury liability is set at $30,000 per person and $60,000 per accident. Property damage liability is set at $25,000 per accident. Uninsured motorist coverage is set at $30,000 per person, $60,000 per accident, and $25,000 property damage per accident.

Do difference professions require different types of policies?

Yes, they do! A doctor has different insurance requirements than a photographer or automobile mechanic. We can help you select the right policy for your profession.

How much does small business insurance in North Carolina cost?

There are several factors that will determine how much your small business insurance in North Carolina costs: coverage limits, location, risk, industry, number of employees. The quickest way to get an accurate quote is to call us.