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Business Insurance

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Business Package Insurance

We will help you protect your most valuable asset...your business! The Business Owners Policy (BPO) is designed for business owners who want property and liability protection under one policy. You select the coverages and options important to you including:

  • Building values
  • Contents or Business personal property values
  • Business liability limits
  • Loss of Business Income limits
  • Property loss deductibles

Business Auto Insurance

Some businesses own vehicles used in their daily operation. If those vehicles are titled in the business name, or if an individual uses the vehicle primarily for business use, a business auto policy is needed to protect the business from liability concerns on the road. Business auto rates, in part, are affected by:

  • The size and type of the vehicle
  • The operating radius
  • The driver(s) and his record
  • Coverage limits
  • Physical damage and other deductibles

Workers Compensation Insurance

State law requires Workers Compensation (WC) coverage for all of your employees. Whether part-time or full time, employees are covered on the job for work-related injuries and lost time from. WC rates are affected by:

  • Job classification
  • Total Payroll for each job class
  • Experience

Inland Marine Insurance

List your valuable pieces of equipment and tools on your BOP policy, or schedule them on a separate Inland Marine (IM) policy. Scheduled coverage allows you to list specific valuable pieces, or blanket those equipment and tools.

Bonds

Individuals and businesses need bonds to guarantee performance of a particular job or event. A bond is generally undertaken by a third party promising to pay if a contractor does not fulfill its obligations under a contract. Bonds are generally divided into two types: Fidelity and Surety Bonds. Both types differ from insurance in that they always have three parties as central to the contract:

  1. A Principal- the entity or person that might cause a loss
  2. The Obligee- the entity that collects under the bond, should the principle cause a loss
  3. A Surety- the entity that pays the loss, such as an insurance company.

Fidelity Bonds are issued as a guarantee against loss due to employee dishonesty (individual bonds, scheduled bonds, blanket bonds, and discovery bonds).

Surety Bonds are issued to cover a wide range of actions and other situations (contract bonds, court bonds, federal bonds, licenses and permit bonds, public official bonds, and other).

Call us Today!        

Mon: 9:00 am - 5:00 pm

Tues: 9:00 am - 5:00 pm

Weds: 9:00 am - 2:00 pm

Thurs: 9:00 am - 5:00 pm

Fri: 9:00 am - 5:00 pm

(828) 438-4321      

 

Iris Fox Insurance

103 Carbon City Road

Morganton, NC 28655