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Commercial Insurance: A Brief Guide to Small Business Owners

For a number of small business owners in Highland Village, TX, their business is their everything and an asset that needs to be protected. This is why Willyard Agency recommends investing in commercial business insurance, which is a policy that proves to be invaluable when unexpected events occur. If you’re unfamiliar with commercial insurance, here are a couple of the main types of coverage that you’ll need and what you need to know about them.

General Liability Coverage

Liability coverage will protect you in the event of an accident. If a client or guest suffers an injury while on the premises and decides to file a lawsuit, this coverage will pay for the related legal costs. Should the judge rule against you, the general liability policy will take care of the settlement amount.

Your commercial insurance policy will also pay for the repairs to a vehicle or property of a client that is damaged while working. The coverage will also take care of you when you are sued for libel, slander, or copyright infringement.

Property Damage Coverage

There is a lot of money that goes into the equipment and inventory to supply a small business. Then, of course, there is the structure itself. The good news is that property damage insurance coverage protects them both. In the event that business assets are damaged, the insurance policy will cover the repair or replacement costs once the deductible has been paid. Some of the items that may be covered include inventory, documents, computers, tools, etc.

If you are ready to learn more about insuring your Highland Village, TX business with a commercial insurance policy, get in touch with Willyard Agency. Our team is ready to sit down with you and discuss the needs of your business.

Our Partners

  • Allstate
  • ASI
  • Encompass
  • Guard
  • Hagerty
  • Kemper
  • Progressive
  • Safeco
  • State Auto
  • Travelers
  • UPC