11265392_lA Texas Business Insurance Update Buying business insurance is like investing in your business.  While you may never have a claim, if you do the resources provided by your insurer can keep your business going.  That is why it is important to have an agent who understands your needs and can help you design a business insurance program that fits your needs. Where to Start? Understand the difference between agents.
  • Captive agents can only provide coverage through one insurer.
  • Independent agents can offer many different coverage options through their many appointed insurers.
Understand the Value of Information It is important that you provide as much information about your business as possible. Your agent can help you determine which information is needed to get the best possible pricing, coverage, and service. Coverage Is King Your agent will have a good idea of what you need after they review your risks. Here is an example of some of the coverage you may require. Property insurance: Covers your buildings, equipment, machines, and other property from loss or damage. Commercial Liability Insurance: Provides coverage for bodily injury and property damage you cause to others. Commercial Auto Insurance: Covers your company vehicles if they are involved in an accident. It can also cover your business if you or an employee uses a personally owned vehicle on behalf of the business. Cyber Liability Insurance: This insurance can protect your business from a data breach. If your business stores sensitive or non-public information about employees or clients, you are responsible for protecting that information. Management Liability Insurance: Management Liability can encompass three important business insurance coverage’s; Professional liability, Directors and Officers Liability, and Employment Practice Liability. These are excluded in most business insurance policies. No matter how well your business might be doing, disaster can strike and turn your streak of good luck into quagmire of misery and frustration. J.S. Edwards & Sherlock Insurance Agency offers a variety of business insurance policies to protect your business as well as your peace of mind. No matter how small or large, new or longstanding your business is, you never know what the next day will bring or how much it might cost.