Amarillo, Texas is the economic center of the Texas Panhandle region. The city’s economic influence also extends into eastern New Mexico and the Oklahoma panhandle. Originally the area was associated with large ranches, some of which are still in operation. Meat-packing, agriculture, technology, and even helicopter assembly are important industries in the Amarillo area today. The city aggressively works to attract new large and small business. It funds incentives with a portion of the city sales tax. Old and new businesses in the area will need to find the right Amarillo, TX business insurance.
Since every type of Amarillo business will have different needs, and since finding the right commercial coverage is very important to every company’s bottom line, one solution is to find a local Trusted Choice® network business insurance agent for professional advice. These local professionals have the skills to evaluate your unique business needs and suggest the right coverage. Since Trusted Choice member agents work for their clients, and not any particular insurer, they are able to provide multiple Amarillo commercial insurance quotes to compare. Contact a local commercial insurance member agent to help you find the right business policies at the right price.
Common Amarillo Business Insurance Issues
Some of the most common concerns among business owners in Amarillo include:
- Property damage from fire, windstorms, hail damage, accidents, and vandalism
- General liability including injuries, negligence, medical expenses, libel, malpractice, slander, lawsuit defense, judgments, and more
- Professional liability, also termed “errors and omissions”
- Fraud, embezzlement, extortion, or theft
- Cybercrime and data loss
Some companies may want to purchase these separately to supplement current coverage. Other small businesses prefer to start fresh with a package of insurance as part of a complete business owner’s policy (BOP). Another area of concern for businesses is supplementing income in the event the business must temporarily close. Business interruption insurance has saved many businesses from complete liquidation.
Amarillo Business Insurance Costs
No two Amarillo companies will have the exact same concerns and needs. The type of business, company size, and many other factors will affect commercial insurance rates. The United States Small Business Administration (SBA) advises each business owner or manager to compare different plans and products in the local area. Before comparing commercial policy prices, it makes sense to evaluate and discuss any unique business needs.
A helicopter assembly plant, for example, may be very concerned about the risks of product liability. A local doctor’s office will probably have professional liability insurance (malpractice) near the top of their insurance agenda. An Amarillo area Trusted Choice member agent can help you determine your company’s commercial insurance requirements. Business insurance is constantly evolving, and working with a professional that is current with the latest changes can be very beneficial.
Amarillo Group Benefits Insurance
Employee benefits packages accomplish two goals - they ensure that workers have a means of getting the healthcare they need and they are a great way to attract top candidates. There are new healthcare laws that will affect all business insurance. There are also tax benefits available to employers under certain circumstances. You can also speak to your local Trusted Choice member agent about insurance benefits such as group life and health insurance or annuities.
What Amarillo Business Insurance Do You Need?
Most companies share some similar risks, but some unique enterprises also need different coverage in the form of specialty insurance. Local hospital systems will need a different package of protection than food processing plants. There is a great deal of benefit to working with one independent agent in Amarillo for multiple needs. You can buy a complete package of protection from just one office, even if it involves more than one insurance company. You can begin your meeting with a local agent with a discussion some of these common types of Amarillo business insurance. Your agent will also evaluate your business and suggest policy options, coverage amounts, and possible alternatives, such as:
- Product liability
- General liability
- Commercial property coverage
- Group benefits for employees
- Worker’s compensation insurance
Find Competitive Amarillo Commercial Insurance Quotes
Amarillo businesses purchase insurance for common-sense reasons. The goal of insurance is to smooth out the bumps that all businesses face. This means finding the right balance of coverage without exceeding your budget. This is not always an easy task, but your independent agent in the Trusted Choice network can help. Find a local member agent today to begin gathering competitive quotes.