Many small businesses in Matthews, NC often operate on tight budgets, but insurance isn’t something you should skip. Commercial insurance could financially save your small business if something major happens. Here are some tips to help you find affordable commercial insurance coverage.

1. Bundle Coverages for Better Protection & Savings

Many insurance providers offer business owners policies (BOPs), which bundle essential coverages like general liability, property insurance, and business interruption coverage. These are usually bundled together at a lower rate than they would be if purchased separately.

Bundling these coverages can ensure you have a solid foundation of protection, help you save on premiums, and make managing multiple coverages easier.

2. Consider Higher Deductibles to Lower Premiums

Choosing higher deductibles can significantly lower premiums. A higher deductible means you’ll pay more out of pocket if there’s a claim, but you might get a significantly lower premium for taking on that additional risk.

The amount you could save by increasing deductibles varies. Our agents at JC Demo Insurance Group can check policy specifics for you.

3. Work With an Independent Agent to Compare Options

When checking policies, working with an independent insurance agent is the easiest way to shop around. Independent agents aren’t beholden to any one insurance company — they’re independent. That means they work for you.

An independent agent can check policy options from multiple insurance companies, comparing coverages and rates. They also have the knowledge necessary to help you determine which policy option works best for your business.

If you own a business in Matthews, NC, contact the team of independent agents at JC Demo Insurance Group for help. We’ve worked with many small business owners and managers and will be glad to help you obtain the right commercial insurance.

With businesses in and around Matthews, NC, increasingly adopting eco-friendly practices, the insurance industry is evolving to cater to the unique needs of environmentally conscious companies. Green commercial insurance policies are designed to align with the objectives of sustainable operations, offering customized coverage that supports renewable energy initiatives, energy-efficient infrastructure, and environmentally responsible practices.

Addressing the Needs of Eco-Friendly Businesses

Eco-friendly businesses encounter unique risks that traditional insurance policies may not adequately cover. For instance, companies investing in renewable energy systems, such as solar panels or wind turbines, may need specialized coverage to protect against equipment damage, installation failures, or downtime due to environmental factors. Similarly, businesses that prioritize sustainable supply chains may face risks associated with sourcing materials from ethically and ecologically responsible vendors.

Green insurance policies address these concerns by offering endorsements and coverages designed explicitly for eco-conscious operations. These might include coverage for green building materials, protection for energy-efficient systems, or liability coverage for environmental impacts.

Incentivizing Sustainable Practices

Businesses that implement eco-friendly measures, such as using electric vehicles for transportation or achieving certifications like LEED (Leadership in Energy and Environmental Design), may qualify for premium discounts or other benefits as incentives. This approach encourages more companies to adopt practices that reduce their environmental footprint while also mitigating risks.

A Partnership for Sustainability

The emergence of green insurance underscores the partnership between insurers and businesses in advancing sustainability goals. By tailoring coverage to the specific needs of eco-friendly enterprises, insurers not only protect these companies against financial risks but also contribute to a broader cultural shift toward environmental responsibility.

JC Demo Insurance Group Offers Insurance Policies for Your Needs

JC Demo Insurance Group underwrites policies to fit our customers’ needs. We serve Matthews, NC, and surrounding cities. Reach out today.

Commercial machinery should be inspected at scheduled intervals. The results of the inspections will guide you when choosing commercial insurance upgrades that you would like to reflect on your insurance policy.

Machinery Inspections

Machinery inspections determine whether the equipment is safe to operate and reveal whether it poses a high risk of injury to your workforce. During a machinery inspection, take the initiative to record information about any issues that are discovered. Addressing these problems in a timely manner will ward off major issues that could result in an accident or disruption in how work tasks are completed.

Equipment Upgrades

Assess the equipment upgrades that have been done between inspections. Adding new hardware, technological features, or other materials to the equipment may require insurance upgrades. It is a good idea to insure any valuable materials. If the materials are essential for completing assigned work tasks, these items should be added to your existing commercial insurance policy.

Implementing Security Measures

Implementing security measures will protect the machinery and the people who are responsible for using it. Prepare a security plan that includes securing the equipment when it is not in use. A checklist that outlines the security measures you have prepared will prevent any steps from being overlooked. Taking good care of the machinery will prevent mishaps requiring you to file an insurance claim.

Insurance Agency Support and Guidance in North Carolina

The commercial machinery you and your workforce rely upon should be prioritized. Contact one of our JC Demo Insurance Group agents at your earliest convenience. An insurance agent who serves the Matthews, NC region will request information about the machinery that you own. They will guide you in choosing insurance coverage for the equipment.