If you are a business owner or in charge of securing insurance protection for a commercial entity, then educating yourself on insurance coverage limits is vital to help you get the insurance policy you need and avoid gaps in coverage that could cause a disastrous situation for the company. When it comes to liability insurance, do you know what is covered and what instances may require additional coverage for protection?

What Does General Liability Cover?

If you purchase general liability insurance for commercial use, it will cover property that is damaged as a result of the company through an error of employees or owners and can cover damages as a result of clients or customers becoming injured on the property or as a result of negligence. This type of insurance does not cover employees who are injured on the job or any other instance where anyone working for or with the company is in an accident or damages property. General liability is designed to protect an entity from being sued by outside sources. Do you think you need liability insurance? You should consult a licensed, experienced agent for more information. 

Working with An Agent 

Insurance agents play a key role in assisting clients with their insurance purchases and helping to prevent coverage errors that can result in losses during a covered event. If you are living in or around the Goldsboro, NC area and want to discover how general liability insurance can offer the necessary protection for your company, you should consult with Wayne Realty & Insurance Co Inc. and let their highly knowledgable agents explain how the coverage works and how much coverage is necessary for your individual situation. 

Don’t guess when it comes to selecting liability insurance. Know what the limits are and how much policy coverage is necessary to give you peace of mind. Residents of Goldsboro, NC should call or stop by Wayne Realty & Insurance Co Inc. and learn more about coverage options.  

You may have heard of umbrella insurance, but you may be unsure of exactly what it is. Here are a few basic points to get you started from Wayne Realty & Insurance Co. Inc. in Goldsboro, NC.

What is Umbrella Insurance?

Umbrella insurance is an add on to your current insurance policies. This type of add on is used in the events that you are held liable for something in amounts which exceed your current coverage. Umbrella insurance can cover any liability whether it deals with automobiles, homes, property, or businesses. 

Why Would I Need Umbrella Insurance?

Although most insurance policies attempt to plan for liabilities in a way that the customer would not need to spend money out of pocket, there are instances in which the amounts of the liabilities exceed the amount of the coverage. This happens in instances of severe auto accidents, severe accidents involving your home or property, or severe incidents involving your business. 

Umbrella insurance is most beneficial to individuals who are at risk of liability claims. This mostly includes individuals who have a large property, especially property on which events take place or in which large groups often gather, individuals who host gatherings, have pools, trampolines, or other recreational items that can cause injury or individuals who provide products or services to the public. 

It is important to note that even individuals who do not fall into these categories could benefit from umbrella insurance because any type of accident covered by your homeowner’s policy or auto policy could exceed the coverage amounts. When this happens, you would be responsible for the difference out of your own pocket. This could mean financial devastation for your family. 

If you would like to learn more about umbrella insurance, please contact one of our friendly staff at Wayne Realty & Insurance Co. Inc., serving Goldsboro, NC, and surrounding areas. 

Are you a business owner in the Goldsboro, NC area? Are you looking for ways to enhance your employee benefits package? Purchasing group health insurance is a way to attract and retain quality employees. Health insurance policies generally cover medical costs such as hospital visits and doctor visits. Prescription coverage is also a common incentive for health insurance. If you are interested in such a policy, Wayne Realty & Insurance Co., Inc. has a policy for you.

Attract Quality Employees

In today’s job market, businesses within all industries are competing to attract quality employees. Businesses are only as successful as their employees, and recruiting quality talent requires an investment. These employees look beyond salary requirements and seek out benefits packages. With healthcare being one of the top benefits sought by potential employees, this is an important benefit to offer. Show potential employees that you plan to invest in them and their families by offering more than a handsome salary.

Retaining These Employees

Maybe your business already employees those that you find to be invaluable and would like to keep. Unfortunately, not offering a competitive benefits package can have these employees on a job search for a similar position with a group health insurance option. Staying competitive in your industry and offering this benefit can keep them with your company and not seeking other employment. Looking for quality employees can be more of a cost to your business than the investment of health insurance. 

Get Your Policy & Keep Your Best Employees Today!

If you are seeking a quality group health insurance policy for your employees, look no further than Wayne Realty & Insurance Co., Inc. Proudly serving the Goldsboro, NC area, our agents will help you develop the best policy for your employees and your business. Contact one of our agents today for a consultation. 

Owning a business can be both exciting and difficult and can cause many issues if you do not have the right types and amounts of coverage. Knowing what you need to have in order to keep your business covered is a must, and the helpful agents of Wayne Realty & Insurance Co., Inc. in the Goldsboro, NC area can help.

Knowing what type of coverage you need for your business can be difficult, a great place to start however is with commercial general liability coverage. Knowing what this coverage is can help you determine if you need more coverage on top of what is considered to be a general liability. Commercial General Liability Insurance is coverage that protects businesses and business owners from things like the bodily injury of employees and patrons, property damage, damage to your building, theft, and personal injury. These coverages can vary, and you can add more or take coverage away until you find the right balance for your business.

If you are looking to add commercial general liability insurance to your business, it is always helpful to speak with an agent to see just what type of coverage you can buy and what type of coverage you may need. Individual businesses require different types of coverage and may lead to a very customized policy. You should take the time to make sure that your coverage is as customized and specific to your business and the individual needs of your business as you can. This is going to help you make sure that you are going to be fully covered and that your business is protected from all eventualities.

For those in the Goldsboro, NC area, the helpful agents with Wayne Realty & Insurance Co., Inc. can help.

As a homeowner in the Goldsboro, NC area, it is imperative that you purchase a comprehensive property insurance policy that adequately protects you in the event of property damage. When considering a property insurance policy, one often thinks about significant event claims, such as a tornado, but it is also essential to make sure you are covered for the most common type of claims in North Carolina. A specialist at Wayne Realty & Insurance Co., Inc. would be happy to meet with you to discuss and make sure your policy has coverage for these types of claims.

On the top of the list is property damage caused by wind. Wind can be a destructive force, so you need to make sure you have coverage to help repair damage caused from wind such as a replacing the roof or damage from a fallen tree.

Water damage also tops the list of most common claims; however, water damage is not always caused by rising water. Some of the most common and most expensive water damage claims often come in the winter from bursting pipes.

Although the chance of a person being struck by lightning is very low, property damage caused by lighting is another top claim made under property insurance policies. Lighting strikes can cause much more damage than causing a tree to fall on your home. When lightning strikes a home, it can cause a power surge which can lead to severe damage to your electrical systems.

Fire is also on the top of the list for property insurance claims. Fire not only destroys property but the smoke damage caused as a result can become extremely difficult and costly to repair.

If you are a homeowner in the Goldsboro, NC area, please reach out to an insurance specialist at Wayne Realty & Insurance Co., Inc to review your current property policy to make sure you are appropriately covered for the most common loses.

Do you own a business in Goldsboro, NC?

If so, then you need to protect this asset from anything that could happen in the event of theft or disaster. To do this, you need commercial insurance from a trusted insurance company to handle any bumps that occur down the road. While most events cannot be anticipated (and the reason why companies need insurance in the first place), there are some common reasons that business owners opt for commercial insurance to protect their business. Read on to learn about three of these reasons here:

1.  Protection from a Lawsuit

A business can be sued for many different reasons. For example, if you own a restaurant and someone gets food poisoning, they could sue you. If you own a retail shop and someone slips and falls on the floor resulting in injury, they could sue you. If you own a delivery business and one of your drivers is involved in an accident that was his fault, this could lead to a lawsuit. With commercial insurance, however, you are protected in the event your business is sued.

2. Inventory Protection

If your business has a large amount of inventory, you will want to protect it. If something were to happen, such as a robbery, and all your inventory is lost, this could leave you bankrupt. However, by acquiring commercial insurance in Goldsboro, NC, you can rest assured your inventory is protected.

3.  Employee Protection

If your business has employees, you’ll want to protect them, as well. Injuries can happen on the job, and with commercial insurance, both your employees and your business is protected. 

At Wayne Realty & Insurance Co., Inc., we serve the Goldsboro, NC community by helping your business find a reliable commercial insurance policy for any situation. To learn more about protecting your business, contact the team at Wayne Realty & Insurance Co., Inc. today.