Longview Business Insurance

Your Complete Guide to Longview, TX, Business Insurance

(How to connect with a trusted adviser)

Longview, Texas, is known as the hub of outdoor recreation and travel. Home to fantastic festivals with a historic downtown area, Longview has its perks. 

If you own a business in Longview, you'll want to have proper protection. An independent insurance agent can make sure you have all the coverage your business needs. Connect with an independent agent on TrustedChoice.com to get quotes.

Workers' Compensation for Your Longview, TX, Business

To adequately protect your business and employees, workers' compensation insurance is a must-have. It will help your company avoid a lawsuit while taking care of your injured or ill employees. If you haven't gotten workers' compensation insurance yet, chat with your agent. 

Workers' Compensation Insurance: Workers' compensation will provide coverage for injured or ill employees who got hurt on the job. It will pay for medical expenses and lost wages, so your company doesn't have to pay out of pocket. Policy limits look like this:

  • $100,000 per occurrence for bodily injury 
  • $100,000 per employee for bodily injury by disease
  • $500,000 policy limit for bodily injury by disease

Every state mandates workers' compensation insurance except for Texas. If you are in government or the construction industry, Texas makes an exception and requires workers' compensation. 

Even though workers' compensation isn't mandated, you'll want to have coverage anyway. It can protect you from a hefty lawsuit if your employee gets injured on the job. It will also make sure you don't have to pay medical expenses, lost wages, and disability insurance on your own.

Business Interruption Insurance for Your Longview Company

Without business interruption insurance, your company could find itself in hot water. In Longview, you have to worry about natural disasters that could put your operations on hold. Take a look at the most common claims that could occur in Longview, TX: 

Business interruption insurance will cover your regular expenses while your business is shut down due to a loss. If a tornado wipes out your operation, you'll still want to pay your bills to be back up and running once repairs are made.

The state of Texas is unique in that it has more catastrophic events than most of the US. With a total of 254 federally declared disasters since 1953, your business needs the right protection. Chat with your independent agent on business interruption insurance. 

Cyber Liability Insurance in Longview, TX

Online predators can steal your business data in seconds. This can make you vulnerable to your customers' sensitive information getting hacked. Once your business is compromised, you have to inform the public, and that's when consumers will sue. Let's look at the numbers:

  • Number of US data breaches in 2019: 1,473
  • Identity theft reports in Texas in 2019: 73,553

Texas has almost 100,000 reports of identity theft in one year. That's a lot of incidents, and your business could be one of them. Fortunately, if you have cyber liability insurance, it will help cover the expense that a cyberattack brings, including legal defense. Speak with your independent agent on cyber insurance today. 

Commercial Property Insurance in Longview, TX

Property insurance can cover the building itself and your business's belongings. When severe weather, theft, or fire in Longview occurs, you'll want your policy to respond. Commercial property insurance will provide coverage for: 

  • The replacement cost of your building
  • The replacement cost of your business's belongings, such as furniture or inventory

Your commercial property insurance will usually provide coverage for any tornado, hurricane, fire, or theft. Flood damage is a different story and needs a separate policy. Take a look at why your commercial property needs flood insurance:

  • Each commercial property has a flood zone assigned
  • Each location is at risk for flooding
  • Your flood zone will determine how much your flood policy costs
  • One of Longview's top claims is flooding

Contact your independent insurance agent to run FEMA approved flood quotes for your commercial property.

Why Your Longview, TX, Business Needs Liability Insurance

Each business has its own risk exposures. The common denominator is that every company could be liable at one point or another. Liability insurance is the number one used coverage on your business insurance policy. 

A commercial general liability policy or CGL will protect your business from a lawsuit. This could be due to a client getting injured while doing business with you or a slanderous comment made by an employee. Either way, your company will have a hard time surviving without CGL coverage. A Longview independent agent can quote your CGL policy and find you the best rates. 

Attract Talent with Employee Benefits in Longview, TX

The amount of money your employee spends on healthcare has skyrocketed in the past decade. Businesses are fighting to retain top talent by offering outstanding benefits packages. Let's look at the numbers:

  • Average annual health premiums for family employee coverage in 2019: $20,576
  • Average annual health premiums for single employee coverage in 2019: $7,188

Your company wouldn't survive without the help of employees. It's getting more challenging to attract the staff you want for the price you can pay. A way to add value to your future employee and get tax write-offs for your company is employee benefits. You can offer to pay for a portion of health insurance, life insurance, or disability insurance to start. Get with your local agent to come up with a creative employee benefits offering. 

Connect with a Longview, TX, Independent Agent Today

The American dream can be hard to maintain, but your insurance coverage shouldn't be a hassle. If you work with an independent insurance agent, you can find business coverage for the right price. 

They can shop for local rates with various carriers so you can spend time on your business. Connect with a Longview independent agent on TrustedChoice.com today.

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