Small business owners are used to taking risks. But when it comes to the potential loss of the assets used in your business, you know that’s a risk you cannot afford to take. NC Grange Mutual provides different plans and levels of protection that can protect both commercial buildings and the personal property used in your business.
Available Plans
Commercial Fire
The commercial fire policy is designed to provide coverage on property used in certain lines of business, specifically smaller commercial-type risks such as churches, small mercantile, beauty and barber shops, and small apartment buildings. Buildings and contents can be covered on this policy.
Special Multi-Peril Policy
Special Multi-Peril policies provide protection from multiple perils for both physical damage and liability. As a package type policy, various types of coverages are offered under one policy. The standard coverages include buildings, contents (if desired), bodily injury liability, property damage liability, and medical payments to others.
The standard coverages protect the buildings listed on the policy, fixtures/machinery, liability arising from lawsuits due to bodily injury or property damage, and medical payments.
Please see your agent in determining your insurance needs and the coverages available to you.
Additional Coverages
The basic coverages that the commercial fire policy provides can be expanded to include vandalism and malicious mischief, replacement cost, glass breakage, collapse, fire department service charge, and more.
Be sure to check with your agent to determine which of these additional coverages are available or recommended for your property.
Cost Savings
It’s important to do what you can to ensure that your policy’s premium is something you can afford and billed in a way that makes it easy to pay without risk of cancellation. Fortunately, NC Grange Mutual is here to help!
There are a few ways to reduce your premium. The most common way to achieve this is by adjusting your policy’s deductible. Your policy’s deductible can be increased to reduce your annual premium or decreased to reduce the amount of out-of-pocket expense in the event of a claim at the cost of a higher annual premium. In addition to adjusting your deductible, buildings under construction may receive a premium credit.
Payment Plans
Paying the annual premium in one lump sum isn’t ideal for everyone. NC Grange Mutual offers several different payment plans so that you can pick the most convenient and affordable option for your unique situation. In addition to the standard annual prepaid method of payment, we offer three-pay and five-pay plans that are billed bi-monthly. Lastly, a twelve-pay option is available which sets up recurring payments directly from your bank account on the same date of each month. With the twelve-pay recurring plan, forgetting to make a payment is no longer a problem!
Some coverages or discounts may not apply depending on the plan. Some exclusions and limitations may apply. Please see an agent near you for assistance in determining your insurance needs and the plans and coverages available to you.