From finances to long hours and hard work, business owners put in the time to maintain their operations. That’s why business insurance is so important for protecting their investment. Having the right type of policies can provide peace of mind against the unexpected. Here are some of the most common questions asked about coverage and their answers.

3 Top Business Insurance Questions Answered

Do I Have Enough Coverage?

The amount of business insurance a company needs depends on a range of factors, including the type of industry served, the number of buildings owned, and the type of equipment used. Other factors, such as whether company vehicles are used, also determine the policy amount. Since no two policies are alike, a professional insurance agent is an excellent resource for putting together customized coverage.

How Is Employer Liability Different From Workers Comp?

Most standard employer liability insurance plans provide protection against employee lawsuits. Certain non-injury costs are covered, such as the employer’s attorney fees, court costs, and any financial settlements.

Workers comp, on the other hand, covers the medical expenses of employees injured on the job. Some plans also extend coverage for work-related disabilities that prevent an employee from doing their job. Businesses in Texas are not required to provide workers comp.

What Is Cyber Liability Insurance?

Today, many business insurance policies include cyber liability coverage. The plan generally covers the costs associated with any company computer breaches. These plans include recovery expenses for customers whose Social Security numbers and other personal information were stolen.

Protecting your firm from financial disasters is worth the investment. Michael E. Glick Insurance in Boerne, TX, specializes in providing comprehensive and affordable business insurance policies. The team of professional agents is 100% committed to securing tailored coverage designed for a wide range of industries. If you’re unsure about your existing policy or are in the market for a new policy, call (830) 816-9488 to talk to an experienced agent. They will gladly provide you with a free insurance policy review. Visit the website for extensive information about policy options.