In today’s competitive job market, attracting and retaining top talent is a business priority. One effective way to accomplish this is by offering a comprehensive group health insurance plan. Wayne Realty & Insurance Co Inc. specializes in helping local companies to create group health insurance solutions tailored to their unique needs, boosting employee satisfaction and retention.

The Benefits of Offering Group Health Insurance

Group health insurance plays a significant role in fostering a positive work environment and improving employee retention. Some key benefits of providing such coverage include:

1. Enhanced Employee Satisfaction: A comprehensive group health insurance plan shows employees that you value their well-being and are committed to their health. This can lead to increased satisfaction, loyalty, and productivity.

2. Attracting Top Talent: Quality health benefits can help your business stand out from the competition, drawing in skilled professionals seeking a supportive work environment.

3. Tax Advantages: Businesses in Goldsboro, NC, may qualify for tax credits and deductions when providing group health insurance, helping to offset the cost of offering these benefits.

Creating the right group health insurance plan for your business can be complex. We are here to guide you through the process, providing expertise and personalized service to ensure your employees receive the necessary coverage.

We’ll work with you to identify the best options for your business, considering factors such as company size, budget, and employee demographics. Our goal is to help you design a plan that meets the needs of your workforce while aligning with your business objectives.

Invest in your employees’ well-being and improve retention with a comprehensive group health insurance plan. Contact Wayne Realty & Insurance Co Inc. today to explore your options and create a customized solution for your Goldsboro, NC business.

Owning a business comes with an assortment of responsibilities and risks. It’s essential to understand your company’s unique needs and invest in a general liability insurance policy that gives you the right amount of protection. Before you find yourself in a situation where you may face financial losses, take a look at a list we compiled at Wayne Realty & Insurance Co Inc. in Goldsboro, NC of the top five types of claims.

1. Bodily Injury

Accidents come out of nowhere. That’s what makes them accidents. Unfortunately, when they do, your business could be held responsible. General liability insurance provides protection for bodily injuries sustained by third parties on your property or because of something your business operations caused. The coverage includes medical expenses, lost wages, and even legal defense costs if a lawsuit arises.

2. Property Damage

Over the years, while running your business, you may inadvertently cause damage to a third party’s property. General liability insurance covers the costs of repairing or replacing the damaged items. It ensures that you don’t have to pay cash out of pocket or from the company’s revenue.

3. Personal and Advertising Injury

Claims arising from defamation, invasion of privacy, copyright infringement, or false advertising fall under the personal and advertising injury category. General liability insurance helps protect your business from these kinds of claims by handling all the legal fees and any settlements or judgments that may come your way.

4. Product Liability

If your business manufactures, distributes, or sells products, you might be held accountable for injuries or damages caused by them. General liability insurance provides protection against claims resulting from product defects or failures so you can operate with greater peace of mind.

5. Completed Operations

Once you have completed a project or service, you might still face various liability claims. General liability insurance takes care of these claims related to any work that’s been done already, so you can relax after the job is finished.

Secure Your Business’s Future & Call Today!

Don’t let unforeseen incidents threaten the success of your company. Consult with an insurance agent at Wayne Realty & Insurance Co. Inc. in Goldsboro, NC, to discuss your general liability insurance demands. Our team will provide you with the information you need to make the best decision for you, your business, and your future.

Disaster strikes without warning. It strikes everywhere. For instance, many years ago, a plane emergency landed on I-16 just outside Savannah, GA. A car or a bus could flip over in the green area surrounding a commercial office building. In these cases, you want Wayne Realty & Insurance Co Inc. in Goldsboro, NC, to have your back. Here’s why.

Is Property Insurance Meant for Both Personal as Well as Commercial Property?

Property is property, whether you own, rent, or lease it. The rare business, for example, owns the structure in which it works. That leaves an owner needing insurance on his commercial property. 

What’s meant by "property" is personal North Carolina land, rented or leased, upon which barns, sheds protecting machinery, silos, detached garages, pool houses, and other useful buildings rest. Vandalism, storms, or a vehicle could destroy these. 

Is This Type of Insurance Different from Flood or Disaster Insurance?

Yes. If a house had flood insurance, for example, no other structure on the property would be covered, such as sheds. Property insurance protects various buildings from the vagaries of weather, fire, and other kinds of trouble.

What Does Property Insurance Not Handle?

Typically excluded from property insurance policies are:

    • Money, bonds, bills, food stamps

    • Pets and animals that aren’t stock

    • Trucks, trailers, watercraft, and aircraft

    • North Carolina docks and piers

    • Hay outside the buildings and crops

    • Excavating or grading equipment

Final Thoughts

Property insurance isn’t about the grass but the structures on the grass. Not every insurance policy covers those, but Wayne Realty & Insurance Co Inc. in Goldsboro, NC policies do. Planes have been known to emergency land on wide and empty properties. Ensure yours is covered by dropping in or calling to learn more about it.

Being a business owner has continued to be a dream for many in the Goldsboro, NC area. When you want to build a business in this region of the state, you must evaluate all risks and mitigate them as well as you can. An excellent way to mitigate various risks is by getting a commercial policy offering the support you need. There are various reasons you will need this coverage.

Receive Financial Protection

A reason that all businesses here should have this coverage is so they can receive adequate financial protection. With commercial coverage, you will have financial support if you are named liable for damages. Further, if you lose commercial assets due to a covered risk, you will be supported to replace or repair these assets. 

Comply with any Requirements

A business today is also going to need to have this coverage so they can comply with any requirements that they have. When you start and grow a business, you will have to sign various documents that will require you to have insurance. This includes loan agreements, investor contractors, and documents signed with your top vendors and clients. If you have this coverage, you will meet these requirements and can remain in good standing. 

Those residing in the Goldsboro, NC area will want to know if they have selected the right insurance for their business. As there are complexities that come with choosing this type of coverage, starting your search with Wayne Realty & Insurance Co Inc. is a good option. The professionals at Wayne Realty & Insurance Co Inc. know how important this coverage is, and they will give you customized guidance to help you build your following policy. 

Commercial property insurance is not a legal requirement for Goldsboro, NC business owners, but very often, a lender will require you to purchase a policy. Even when this is not the case, there are important reasons to consider opting into this protection. 

Consider Where Your Inventory is Stored

If you house a fleet of machines needed to move stock or perform other tasks, these can be damaged when a storm, high winds, or water damage occurs. In addition, your building may be subjected to a fire or even an electrical surge.

In such an event, your raw materials can be obliterated, taking your ability to earn an income with them, and finished products can also be destroyed. Commercial property insurance gives you some recourse in these situations, and your Wayne Realty & Insurance Co Inc representative can answer specific questions about what is included. 

Do You Have Visitors?

Depending on your business, you may have customers that enter the premises and that can be subjected to falls, hurting themselves. When this happens, you can be responsible for paying for medical expenses due to injuries and even lost wages.

There are scenarios when you can be taken to court if a reasonable outcome is not achieved. Any accidents involving your equipment can occur, and incidents of this type can be devastating to a business owner. Your reputation is also at stake, and commercial property insurance allows claims to be handled promptly and professionally. 

Wayne Realty & Insurance Co Inc. Can Help

We specialize in personalizing insurance plans to meet our client’s needs, and we work with business owners in the Goldsboro, NC region. Contact us for more information by calling, stopping at our office, or visiting us on the web. 

Life isn’t always predictable. You could be in the best of health today and experience a significant health event tomorrow. That’s why it’s essential to have health insurance that will cover you in an emergency. If you live in Goldsboro, NC, Wayne Realty & Insurance Co Inc. will help you compare different plans, including a catastrophic policy.

What Is a Catastrophic Health Insurance Plan?

A catastrophic health insurance plan is a type of health insurance that provides coverage for medical expenses related to accidents or illnesses that are considered life-threatening. Catastrophic health insurance plans typically have high deductibles. You’d have to pay for most of your medical expenses before your insurance would kick in.

If you are considering a catastrophic health insurance plan, there are a few things to keep in mind:

• Ensure your plan meets the minimum requirements for coverage under the Affordable Care Act (ACA). 
• Decide how much coverage you need and whether you want additional benefits such as prescription drugs or mental health coverage. 
• Compare the costs of different plans to find one that fits your budget.
• Review the plan’s terms and conditions to ensure you understand what is covered and what is not.

Catastrophic health insurance plans can help care for high medical costs if you experience a significant health crisis. However, short-term health insurance might be an option if you’re healthy and don’t think you need major medical coverage. But it’s good to be safe than sorry.

Wayne Realty & Insurance Co Inc. can help you weigh your options and find the perfect health insurance plan for you and your family. If you’re in Goldsboro, NC, give us a call today!