Have you ever wondered what coverage you need as a business owner? If so, know you’re not alone. Hundreds of business owners every day worry about having the right insurance policies in place to protect themselves, their workers, and their livelihood. Of course, with so many industries and so many business types, it’s important you find the right coverage. However, just like there are so many industries, there is also a vast range of insurance types and coverages available.
Consequently, it can quickly become overwhelming when trying to determine which option is best. If you want to find the right coverage at the right price, know that Texas Insurance Agency is here to help.
As an insurance broker, you can trust that our experienced and knowledgeable agents are on your side. We understand how vital it is to have the right insurance plan, and we work hard to ensure our clients have the precise coverage they need. If you want peace of mind knowing you’ll be protected against the unexpected, call Texas Insurance Agency today.
What Coverage Do I Need as a Business Owner?
As previously mentioned, every business is different. So, the coverage that is right for one business owner may be a waste of money for another. That is why we’re here to help. We never want you to pay for more than you need, and we never want you to be without the coverage you need. That is why we take the time to get to know you and your business before moving forward.
So, what coverage is right for your business? Well, that depends on the type of business you run. Whether or not you have a team of employees will be something you need to consider when taking out an insurance policy. Workers compensation is a coverage we highly recommend as it benefits both employer and employee.
Workers comp will protect you from paying the cost of medical bills if a worker is injured while on the job. Moreover, having this policy type means you won’t be held liable for accidents that do occur. Another insurance type that protects you and your business from responsibility is professional liability insurance.
This insurance type can help cover the cost of legal fees if a lawsuit is brought against your company. It covers lawsuits from your employees and also customers.
Insurance by Business Type
Specific businesses have specific policies intended for them. For example, if you’re a small business owner, the best insurance policy for you would be small business insurance. These policies differ slightly from policies designed for larger companies. As they are intended for small businesses, the rates are much lower. The coverages available under small business insurance include the following:
- General Liability Insurance
- Property Damage
- Workers Compensation
If you run a business that uses vans, trucks, or any vehicle to carry out your work tasks, you need commercial auto insurance. This will prevent your business from covering the cost of accidents and road damage. Additionally, it will prevent the driver of the vehicle, whether you or an employee, from being liable.
Call Texas Insurance Agency today if you’ve been wondering what coverage you need as a business owner. We’ll help you find the right coverage at the right price.