Over 2.6 million small businesses in Texas play a significant role in the state's economic growth and employ over 4.7 million employees. If you are one of these small business owners, you probably understand how important it is to protect your business. One of the best ways to do that is to get commercial insurance. The purpose of business insurance is to protect business owners from unexpected financial losses. It also protects employees and customers. If you have just started your business and thinking about getting a business insurance policy, Willyard Agency, in Highland Village, TX, has prepared a list of things you should know about it:
- The Lone Star State requires most businesses to carry general liability insurance. General liability is designed to protect business owners from their direct and indirect damages to another party. It pays for the damages caused by the actions of your employees or your business.
- The amount of coverage depends on the size and type of business. For example, if a high-risk business includes a high volume of interaction with the public, it makes sense to increase the coverage to be fully protected.
- The cost of commercial insurance depends on numerous factors, including the type of services and products your business provides, the number of employees. how long you have operated your business, and your claims history.
- If you use your car or truck for commercial purposes, it is recommended to purchase a commercial auto insurance policy.
If you are a business owner in Texas and you are shopping for commercial insurance to protect your business and commercial assets, the Willyard Agency is ready to assist you. If you have any questions about this type of insurance, give us a call to talk to one of our insurance agents and get all the information you need.
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