When considering everything you need to do as a business owner, making sure you, your customers and your employees are properly protected should be at the top of your list. An easy way to tackle this to-do is to purchase solid business liability insurance.
Thankfully, our independent agents know the ins and outs of business liability insurance and will help you find the coverage that makes the most sense to you and your budget. So you can focus more on offering half-decent coffee and a well-stocked vending machine.
Boiled down, it protects your business from the expenses, fees and monetary losses caused by accidents and other inherent risks that happen during normal business operations. These accidents could involve personal or property damage, among others.
In order to keep your customers and employees safe and your revenue stream flowing, having some form of business liability insurance is a good idea. If anything bad happens, your liability coverage will help keep you financially afloat if your business ends up in rough waters.
Liability coverage will depend on the type you choose and the different things you want it to cover, from everyday mishaps to any bigger uh-ohs your business may run into over the years.
The four different types include:
Certain types of business liability insurance, like workers’ comp, are required by almost all states. Texas is the only exception. Auto liability is also legally required. The others, however, while not legally mandated, are highly recommended.
The cost depends on a variety of factors, including gross revenue of your business and what sort of business it is. A traveling beauty consultant selling eye shadow will insure for less than a gravel company driving dump trucks daily. The overall cost will reflect how much your business is making, and what risks it has during daily operations.
Independent agents make insurance shopping easy by finding and comparing business liability quotes from multiple carriers for you. Plus, they explain the nitty gritty bits in human terms, so you can feel confident in choosing the insurance that’s best for your business and your budget.
Our gifted agents will review your needs and help you evaluate the business liability coverage that makes the most sense. They’ll also compare policies and quotes from multiple insurance companies to make sure you have the right protection in place. So you’ll have that going for you.