What Types of Insurance Does Your Business Need?
Your business represents an enormous investment in time, energy, and capital resources. However, even thriving businesses are vulnerable to a variety of unforeseen risks that could cause financial distress. To protect against these threats, business insurance professionals offer a wide range of policies that are tailored to your individual needs. The following insurance types will protected your company in several circumstances.
Business Insurance Policies Every Owner Needs
Building & Contents Coverage
Storms, fires, theft and vandalism can cause thousands of dollars in damage to buildings & contents or even destroy them completely. Your insurance policy will pay to repair or rebuild your office, retail store, warehouse, industrial location and replace contents if damaged in a covered incident.
Worker’s Compensation
Most states require businesses to participate in some type of worker’s compensation program to protect employees who sustain injuries on the job. While Texas doesn’t mandate worker’s compensation coverage, insurance protects you against costly work related injuries and lawsuits.
Liability Coverage
Business owners are responsible for their customers safety while they’re on your premises. Business insurance policies should also include liability coverage, which pays for injuries or damages to 3rd parties that result in bodily injury or property damage. Liability policies also provide for legal fees associated with your defense.
Umbrella Insurance
Even if your business insurance includes liability coverage, you could be responsible for damages exceeding the limits of your underlying policies. Umbrella insurance extends liability protection, maximizing your protection against lawsuits and legal judgments. This is always a recommended coverage
No matter your industry, JMS Insurance Agency, LLC has the expertise to protect your most valuable assets. Our business insurance professionals work with entrepreneurs throughout Fort Bend, Harris, and Montgomery, Brazoria & Galveston counties, providing high-quality, affordable policies tailored to your specific business needs. To schedule an appointment and request a quote, visit our website or call (281) 494-1500.
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