When it comes to starting a business, one of the main things you need to have is business insurance. It is important enough that you need it before you even open your business. Why? Business insurance helps to protect your business, which you likely have invested a lot of money in.
Why not take the necessary precautions to protect your business? No matter how big or small your business is, it never hurts to have some protection from risk.
What Business Insurance Protects You From
Business insurance helps to protect you from financial losses such as damage to your property or theft. At Alliance Insurance, there are different business insurance options to choose from. Each of them help protect your business in a certain area.
General Liability
Having general liability coverage can protect your business from a variety of claims such as bodily injury and damage to property that occurs during company time and on company property. Without general liability coverage, you may have to pay for these damages out of pocket, which can get expensive depending on the severity of the damages.
Commercial Auto
Commercial auto coverage covers vehicles that are used for business purposes. It covers physical damage to vehicles, injuries to drivers, towing, rental cars, and more. Commercial auto coverage is especially important to businesses that have a fleet of vehicles they use as the costs associated with repairs and injuries can pile up pretty fast.
Property
Property coverage covers your buildings and the internal contents within them. As a business, there may be some things that happen that might be out of your control such as a fire, hail, theft, and vandalism. Without the right property coverage in place, you risk losing valuable assets and property.
Workers’ Compensation
Workers’ compensation, commonly known as workers’ comp, protects both your business and employees by providing wage replacement benefits as well as medical treatment for any injuries that occur on company property during company time. Without workers’ comp, you will be financially responsible for any injuries that occur at work which can put your business at financial risk depending on the cost of medical treatment.
Get Business Insurance
With business insurance, you can have peace of mind knowing that your business is covered and protected against any emergencies that might come up. It reduces risk to ensure that your business can continue operating. At Alliance Insurance, we aim to help protect your business from many different situations. Contact us here to learn more about the ways we can help you.
This content is for informational purposes only and may not apply to all situations.
Coverage subject to terms, conditions, and availability. Policy issuance is subject to qualifications. Alliance Insurance Agency, Lubbock, TX. © 2021 Alliance Insurance Agency, Lubbock, TX.