After creating and building your business you must protect it with insurance. In order to secure your business it is essential that you understand business insurance to fully protect it.
Property and Casualty Insurance
Whether you are leasing a building or buying your property, you must have property and casualty insurance. Also known as P&C, this insurance will protect your physical property from weather and fire damage.
Business auto insurance is different from personal auto insurance. Even if you are just starting your business, driving on your personal insurance while doing business may place you at risk because some insurance companies may not coverage the damage if you are in an accident. You can check with your insurance company to see if you can get a comprehensive P&C policy that will cover your physical property and your business vehicles.
Insurance for Your Employees
Having employees mean you need workers’ compensation insurance. This insurance protects you if your employees sustain injuries while working.
Liability insurance protects you when you are negligent. This insurance covers damages resulting from lawsuits as a result of causing someone harm.
To get business insurance coverage in Texas, contact The Schwab Agency. They know what insurance every business needs.