As a small business owner, it’s critical that you have an insurance policy to protect the things you’ve worked so hard to build. The insurance experts at Integrity Insurance Solutions in San Marcos, TX, have helped many entrepreneurs get prepared with the right policies in case of lawsuits, accidents, or other unforeseen disasters. They’re here to lend their expertise and explain the top types of insurance that all business owners should have.

Top 5 Most Critical Insurance Policy Types for Business Owners

Business Owner’s Insurance

This type of insurance policy is the first one you should shop for as a business owner. It often bundles different types of insurance together to create a more comprehensive policy that protects multiple things. From insurance against loss if you have to temporarily stop doing business to property insurance that protects your store from damages, you can often choose different levels according to your budget. Thankfully, the cost will be lower than if you bought various insurance policies separately to protect the same things.

Workers’ Compensation Insurance

Workers’ compensation is critical for business owners who have one or more employees. It protects you from liability in case one of your workers is injured and prevents them from being able to sue you if they’re hurt on the job. In most states, a workers’ compensation insurance policy isn’t just important—it’s required by law.

Professional Liability Insurance

Also known as errors and omissions insurance, this type of policy protects you from accusations that services were not performed properly by your business. It’s most common for professionals like accountants and lawyers but could apply to just about any service business.

Business Auto Insurance

If you or one of your employees drives a company-owned vehicle, commercial auto insurance is critical. It often protects more than personal auto insurance, such as the vehicle and driver as well as any company-owned equipment or inventory the vehicle is carrying.

Directors & Officers Insurance

A directors and officers insurance policy protects company executives and officers from lawsuits by covering the costs if legal issues arise—usually when someone is accused of harming the company as a result of mismanagement or negligence.

If you’re starting a company in the San Marcos, TX, area, call Integrity Insurance Solutions to get set up with the protection you need. Their experienced agents will work with you to find an insurance policy to make sure your business isn’t ruined by unforeseen circumstances. Call them at (512) 396-2211 to speak to an agent today, or visit their website for more information on their services.