Business & Commercial Insurance
Business & Commercial Insurance Quote Forms
Looking for coverage? Click any of the following links to submit a quote for quick, accurate and affordable rates.
Business & Commercial Insurance Information
Building a business takes an incredible amount of time, dedication, hard work and resources. Maintaining your business can be even more difficult. Environmental disasters, theft, liability claims and more can threaten your business. After putting your heart into making your ideas become reality, it’s crucial to add the protection necessary to keep it running.
Costas Insurance Group has decades of experience matching businessowners with the right policy for their company. Each business is different. We’ll tailor a policy according to your coverage and budget needs.
Coverages We Offer
The main lines of business insurance we offer include (but are not limited to):
This insurance covers accidents that occur on the business property that result in third-party bodily injury or property damage. If a guest slips and falls in your business, for example, general liability insurance can help with their medical bills related to the injury as well as a possible claim that may follow.
Commercial Auto Insurance
Commercial auto insurance provides coverage for commercial vehicles. This can include coverages available under personal auto insurance as well as additional coverages related directly to a business. This includes comprehensive, collision, liability, medical payments and uninsured/underinsured motorist coverage.
Workers compensation is required in most states for the majority of businesses. It provides compensation for injuries an employee sustains while on the job. Coverage can include immediate medical expenses, disability, misplaced wages and more.
Covering Your Business
It shouldn’t be expensive to protect your hard work. Call the Costas Insurance Group today at
or fill out an to get started!
Frequently Asked Questions
What Insurance Do You Need for a Small Business?
Small businesses need a lot of the same insurance coverages as large businesses. While small businesses may face less risk, they also generally have less savings to lean back on in case of an accident, disaster or lawsuit. All businesses, no matter what size, should consider general liability, commercial auto insurance and workers compensation to begin with.
What Does a Commercial Insurance Policy Cover?
Common commercial insurance coverages, aside from general liability, workers compensation and commercial auto insurance, include:
What is the Average Cost of Commercial Auto Insurance?
A typical commercial car may cost anywhere between $600 and $2,400 to insure with commercial auto insurance. This depends on many factors, including the vehicle weight, type of cargo, amount of coverage and more.
What Business Insurance is Required by Law?
Each state has different laws regarding required business insurance. Most states require a certain amount of commercial auto insurance and workers compensation. In North Carolina, all businesses with commercial vehicles must carry at least:
$60,000 in bodily injury liability per accident
$25,000 in property damage liability
$30,000 in uninsured/underinsured motorist per person
$60,000 in uninsured/underinsured motorist per accident
North Carolina also requires all businesses with three or more employees to carry workers compensation.
When Should I Get Workers Compensation Insurance?
Ideally, you should purchase workers compensation before any employees begin work. While requirements may be based upon employee numbers, even one employee accident can result in a hefty lawsuit.
How Much is Workers Compensation Insurance?
Workers compensation insurance is primarily based on payroll and location. In North Carolina, businesses typically pay $1.06 for every $100 of payroll.