If a North Carolina business employs three or more individuals, full-time or part-time, it must provide workers’ comp coverage. This policy covers medical bills for work injuries and protects employers from liability over an injury.
All business-owned vehicles in North Carolina must be covered by commercial auto insurance. Though it's not required, personal vehicles driven for work purposes should be covered by hired and non-owned auto insurance, as personal auto policies usually exclude business use. It can be added to general liability insurance or a business owner's policy.
North Carolina’s commercial auto insurance requirements are:
This policy is important for all North Carolina businesses. It covers common risks, including customer property damage and injuries. Most commercial leases require this coverage.
This policy, also called errors and omissions insurance, protects professionals whose work depends on their expertise. It covers client lawsuits over mistakes and missed deadlines.
This policy helps North Carolina businesses survive data breaches and cyberattacks by paying for client notification costs, legal fees, and other related expenses.
This policy bundles property insurance and general liability insurance in one plan. It's often the most cost-effective type of commercial insurance for a North Carolina business.
Businesses in North Carolina that employ three or more people are required to carry workers’ compensation insurance. This policy covers medical costs for work injuries.
This policy is required for business-owned vehicles in North Carolina. It covers injuries and property damage in an accident, along with vehicle theft and other types of damage.
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In North Carolina, insurance agents, agencies, and brokers are licensed by the North Carolina Department of Insurance. Insureon is licensed in North Carolina as BIN Insurance Holdings, LLC (NPN 15752926) for property and casualty insurance and for surplus lines. You can verify our licensure with the Department of Insurance on its Licensee Look-up page by selecting “Business Entity” in the first dropdown and then entering our North Carolina state license, 1000087158, into the "License Number” field.