Pearland, Texas, is known for crawfish festivals, golfing, and figs. If you're one of the 119,140 residents who live in this lively town, you're fortunate.
When you own a business in Pearland, you'll want local advice from an expert. Connect with an independent insurance agent on TrustedChoice.com to find the right business coverage.
Why Your Pearland Commercial Property Needs Insurance
Natural disasters can strike at any moment, damaging your commercial property. You'll want to make sure your structure and business belongings are insured. Your Pearland agent can speak to you about the following property items:
- Year built and structural make-up
- Operations that occupy the property
- Market value and replacement cost
- Protective devices in place
- Total square footage
- Prior property claims
Your commercial property may not be able to withstand Pearland's harsh elements. The top five most reported property damage claims in TX are the following:
- Wildfires and residential fires
- Flooding and water damage
- Hurricanes and tropical storms
- Burglary and other property crimes
- Severe storms and lightning damage
Your commercial property insurance should have coverage for the above exposures, excluding flood. Flood insurance is a separate policy that you need to obtain through your Pearland agent.
How to get flood insurance in Pearland:
Your business's property can suffer thousands of dollars in damage if it doesn't have flood insurance. An independent agent can pull your elevation certificate to determine what flood zone your commercial property is located in. They can then quote with FEMA approved insurance carriers. Speak with your Pearland agent on flood insurance today.
Cyber Liability Insurance for Your Pearland, TX, Business
There were over 164,000,000 identity records exposed in the US in 2019. If your business does not have a cyber liability insurance policy, you could be liable for any stolen data. Let's look at some numbers:
- Number of US data breaches in 2019: 1,473
- Identity theft reported in TX in 2019: 73,533
Your company's reputation is on the line. If your customers can't trust you to keep their sensitive information safe, then they'll likely cease business with you. Protect yourself from a cyber liability claim by speaking with your Pearland agent on coverage.
Liability Insurance in Pearland, TX
One of your largest exposures your business has is a liability claim. You'll want to preserve the American dream you've worked so hard to build. Get commercial liability insurance, or CGL, to be protected.
CGL: This is protection for your business's financial interests in the event of a lawsuit. Coverage applies to bodily injury, slander, or advertising injury to another party. CGL policy limits typically start at:
- $1,000,000 per occurrence
- $2,000,000 aggregate
To have all the liability coverage your business needs, don't forget about products and completed operations insurance. It protects your business when a claim arises after products or services are met. Discuss CGL options with your independent agent.
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Pearland, TX, and Business Interruption Insurance
Business interruption coverage will pay for business expenses such as a mortgage, rent, payroll, and utilities when a claim halts business operations. This can be due to a natural disaster, burglary, or liability claim.
Texas alone has had 254 federally declared catastrophes since 1953. That is over 3.79 disasters that could put your business out on the streets per year.
If you don't have business interruption coverage, you should discuss options with your Pearland agent. They will walk you through the different limits and time allowances that this coverage has to offer.
How to Attract Talent with Employee Benefits in Pearland, TX
Pearland is a large town with a lot of festivities. Employees want to know they are valued and taken care of so the fun can last. Over 77% of private employers are covering a portion of their employee's healthcare costs. This is a large expense that could help you attract the right talent. Let's look at the facts:
- Average annual health premiums for family employee coverage in 2019: $20,576
- Average annual health premiums for single employee coverage in 2019: $7,188
If you're able to swing employee benefits coverage, you should. The chances a good employee will stay because of the benefits offered is high. An employee benefits package can have coverages like health, life, and disability insurance. Contact your independent agent to go over package options.
Workers' Compensation Insurance in Pearland, TX
Pearland, TX, does not require workers' compensation insurance unless you are in government or the construction industry. Workers' compensation coverage is still essential and not a policy you want to be without.
The policy will cover medical expenses and lost wages for an employee who gets injured or ill while on the job. Workers' compensation can save you exposure to a massive lawsuit that could never end.
Your Pearland agent can get quotes for your workers' compensation policy quickly. Contact your agent for coverage and pricing.
Find a Pearland, TX, Independent Agent
Your business insurance should be specific to your operations and budget. An independent insurance agent can find the right coverage for your company through multiple carriers.
They can compare pricing so you don't have to, saving you time and money. Connect with a Pearland independent agent on TrustedChoice.com and get started.
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