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Whether you’re launching a new business or expanding existing operations, shopping for commercial insurance should top the to-do list. Coverage protects companies from lawsuits, property theft and damage, employee injuries, and profit loss resulting from business interruption. But how do you choose the product that’s right for you? The agents at C.I.S. - Crop Insurance Solutions, LLC, have been offering guidance to entrepreneurs in and around in Dumas, TX, for over 30 years. To help you make an informed decision, they discuss a few factors to consider. 

Type of Business 

Every organization is subject to liabilities unique to their industry, so the type of business you operate will dictate the risks your company is exposed to. For example, those that harbor a hazardous work environment or handle sensitive consumer data will need higher liability limits and more specialized coverage. 

Property Value 

commercial insuranceTo ensure sufficient commercial insurance coverage, know how much your business property is worth. When purchasing a policy, it will either be based on the property’s cash value or replacement cost. Actual cash value will factor in depreciation, while the replacement cost is what you will need to replace anything that is damaged beyond repair. 

Risks 

Finally, determine what risks you’re willing to take on and how much out-of-pocket expense you can afford if the business faces a hardship. An experienced agent can help you customize an insurance solution that addresses your company’s vulnerabilities while also considering the budget. 

Commercial insurance is invaluable to protecting your investment. The professionals at C.I.S. - Crop Insurance Solutions, LLC, will review the options and guide you in selecting the proper type and amount of coverage for your company. Call (806) 935-6512 today to schedule an appointment and discuss your situation. You can also reach out through the website to learn more about their products or inquire about a quote. 

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