In addition to serving as the headquarters of Taylorcraft Aviation, Brownsville is home to a multitude of small, privately-owned businesses. With the Port of Brownsville located just two miles from the city center, businesses in the area have access to the Gulf Intracoastal Waterway and to an important link for trade with Mexico. If you are a business owner in this region of the country, you can protect the investment you have made in your company by securing it with a suitable Brownsville, TX business insurance policy.
Independent insurance agents in the Trusted Choice® network can assist you when you are determining your company’s unique business coverage needs. By using their relationships with several different insurance providers, these agents can easily offer, and help you compare, a variety of suitable business policies.
Small businesses are vital to Texas’s economy. In fact, in 2008, companies with fewer than 500 employees accounted for approximately 98.7 percent of this state’s employers and provided 46.4 percent of all private-sector jobs in the state. Regardless of the industry under which your business falls, you may benefit greatly from the protection that only a Brownsville business insurance policy can offer.
Like most states, Texas requires that all businesses with employees carry worker’s compensation and disability insurance. Businesses that use company-owned vehicles, such as for deliveries, transportation or construction, will be required to carry commercial vehicle insurance. Lastly, company owners who have taken out business loans are often required by their lenders to carry a business insurance policy while they are still paying on their loan.
On the other hand, if your business is a sole-proprietorship and you do not have any employees, as is the case with 83 percent of all of Texas’s small businesses, you are not required to carry any insurance at all. Regardless of whether or not it is required, it is a good idea to invest in the future of your business by protecting it with a solid Brownsville business insurance policy.
Do not fall victim to the misconception that because your company is set up as a corporation or an LLC that it is protected against liability-related financial losses. These corporate business structures are designed only as a means of protecting business owners’ personal assets if liability charges should be levied against the companies they own. Without the added protection of a commercial insurance policy, the company itself remains vulnerable.
Small businesses drive the economy in this state. As a business owner in the Brownsville area, you can take pride in the contribution you are making. Be sure to keep your business profitable by protecting it with a comprehensive business insurance policy.
There are many different types of businesses in Texas, and they vary greatly in terms of size, industry and inherent risks. Business insurance policies come with many different coverage options so that you can customize your policy to meet your business’s specific needs. Your Brownsville business insurance policy may provide coverage for the following:
Business owners should keep in mind that flood insurance is not included with most commercial insurance policies. This means that even if you purchase coverage for lost income, you will not qualify to receive compensation if your business is temporarily closed due to flood damage. You will need to supplement your Brownsville business insurance policy with a commercial flood insurance policy in order to receive full coverage.
There are many different variables to consider with business insurance policies, and comparison shopping can be time-consuming and frustrating. Because of this, you are likely to benefit from the assistance of an insurance professional in the Trusted Choice network. These agents can help you assess your business’s unique risks and coverage needs and they can ensure that you are getting all the coverage you need while not purchasing any of the coverage you do not.
There are more than 22,000 independent insurance agents in the Trusted Choice network, and many of them can be found right here in Brownsville. It is therefore easy to find a conveniently-located member agent and set up an obligation-free meeting.