For many business owners, it’s the most wonderful time of the year. With so many consumers shopping and traveling, the holidays present retailers, restauranteurs, and hotel managers with a golden opportunity to finish the year solidly in the black.
This uptick in business can bring additional hazards throughout the final weeks of the year, but with the right small business insurance in Atlanta, you can rest assured knowing that your company will remain protected into the new year and beyond.
No matter what kind of business you own, here are the most important types of small business insurance coverage you should have going into the holiday season.
Protect Your Business with General Liability Insurance
Seeing your sales floor flooded with busy shoppers may fill you with holiday cheer, but crowded conditions make it more likely for accidents to occur. That’s why it’s vital to carry sufficient General Liability coverage.
One of your customers could trip and fall due to a poorly placed holiday display or get knocked to the ground accidently by a fellow shopper. Inclement winter weather can also increase the likelihood of slip-and-fall accidents occurring as guests navigate your property.
Whatever the cause, if a customer or client suffers an injury while on your premises, you could be held financially responsible. Should a customer file a personal injury claim against your company, General Liability will protect your business by supplying the funds for your legal defense and covering any medical bills or additional settlements you may be required to pay.
How Commercial Property Insurance Protects Your Business
There’s nothing like seeing storefronts decked in dazzling holiday lights and festive décor. But unfortunately, holiday lighting has the potential to overheat or malfunction, while the wires that send power to the bulbs can become frayed over time.
Especially when they encounter decorations consisting of combustible materials, overheated lights and exposed wiring can present a serious fire hazard, which is why fire damage is the leading cause of loss for businesses during the holidays.
Along with making every effort to fireproof your holiday trimmings, having adequate Commercial Property Insurance is one of the best ways to safeguard your business assets. Should you suffer damage to your inventory or the structure that houses your business, your Commercial Property policy will cover the cost to repair or replace your lost property.
Make Sure Your Business is Covered with Worker’s Compensation Insurance
By working longer hours and dealing with larger crowds, your employees are more likely to suffer a workplace injury during the holidays than at any other time of year. While it’s smart to have a Worker’s Comp policy in place all year round, it’s particularly important to make sure that you have plenty of coverage during the holiday season.
If one of your employees is hurt while on the job, your company can be held liable for any resulting medical bills, as well as any wages that are lost due to the employee’s inability to work. When you have Worker’s Comp insurance, these costs are covered, so your business doesn’t have to take the financial hit.
This holiday season, let Atlanta Life General Agency help you protect your business. You’ll rest easier knowing that your business is prepared for anything. To talk with one of our experienced insurance advisors, give us a call today at 866-389-4466.