When it comes to commercial insurance, most people think of the essentials—general liability, property coverage, perhaps workers’ comp. However, the realm of business insurance is far more diverse than you might imagine. At Wichalonis Insurance Agency in Cumming, GA, we often assist clients in discovering specialized policies that cater to their unique needs. Let’s delve into a few lesser-known commercial insurance products that could significantly benefit your business.

Equipment Breakdown Insurance: Not Just for Machinery

Many business owners assume their property insurance covers items like HVAC systems or production equipment. The reality? It usually doesn’t. Equipment breakdown insurance comes into play when critical systems fail due to mechanical or electrical issues. Whether it’s a short-circuit that damages your server or a boiler that suddenly stops working, this coverage helps with repair costs and losses from downtime.

Cyber Liability for Small Businesses

Do you assume cyber insurance is only for tech giants? Think again. Cybercriminals are increasingly targeting small businesses, and a single data breach can be financially crippling. Cyber liability insurance can help cover the cost of legal fees, customer notification, and even reputation management following an attack.

Employment Practices Liability: Your HR Safety Net

Even with the best intentions, companies can face claims of wrongful termination, discrimination, or harassment. Employment Practices Liability Insurance (EPLI) helps protect your business from the legal costs and potential settlements that can arise from workplace-related lawsuits.

Discover the Right Fit for Your Business

Every business is unique, and your insurance coverage should reflect that. At Wichalonis Insurance Agency in Cumming, GA, we specialize in helping local businesses find tailored protection that goes beyond the basics. Contact us today to discover how we can help safeguard your company’s future.

Setting up a small business requires the entrepreneur to think about various things. One that may slip their mind is the need for life insurance. Even though it’s not usually a primary thought, it must be taken care of. Wichalonis Insurance Agency understands the unique needs of Cumming, GA, small business owners and is ready to help them find the coverage they need.

Life insurance for small businesses benefits the company and their loved ones. When a small business owner passes away, the business is often left in a state of uncertainty. Their immediate family members need to be able to grieve, so jumping in to run the business might not be possible.

Business and Family Benefits

Life insurance for a small business owner can include benefits for the business. This can help to cover ongoing expenses, such as employee salaries and debt payments, for the immediate period.

In a business with multiple owners, the policy benefits may be used by the co-owners to buy out the deceased individual’s share of the business so the family members have immediate financial backing without having to take over the business. The presence of a life insurance policy can ease the transition of ownership.

For those left behind, having a life insurance policy in place can help to relieve some of the financial burden. It can cover immediate and final expenses and may last for a longer period.

Setting up life insurance policies for small business owners needs to consider the business and the family’s needs. At Wichalonis Insurance Agency, we understand the challenges and needs of local business owners. Contact us to learn more about life insurance and why it’s vital for all Cumming, GA, small business owners.