As a small business owner, you are responsible for safeguarding your company's financial future against unforeseen emergencies. One of the best ways to do that is with the right business insurance plan. If you are unfamiliar with what it offers, below are some of the reasons it is so valuable.

It Protects Your Building

Commercial property insurance pays for damages to your business premises in the event of a fire, storm, falling trees and branches, vandalism, and other perils. Note that flood coverage must normally be purchased separately.

It Protects Your Building's Contents

Business insurance also covers the contents of your business premises. For instance, it pays to repair or replace furniture, equipment, supplies, and, often, inventory.

It Guards Against Liability

General liability coverage pays for repairs and medical treatment in the event your or an employee accidentally injured someone or damaged their property. It also covers any legal fees that may arise out of the incident. Similarly, professional liability insurance pays out if you are sued for damages caused by errors or omissions in a professional capacity. It is indispensable for law firms, medical practices, and consulting or accounting firms.

It Protects Your Workers

Workers’ comp pays the medical costs—and lost wages—of employees who suffer a workplace injury or illness. Unlike most other states, Texas does not legally require employers to purchase this coverage. However, it benefits employers because, by accepting the free medical care it provides, injured workers must forego suing the company for additional redress.

For expert advice designing the right business insurance plan for your company, contact Barry Insurance in Texarkana, TX. They have served clients in and around Bowie County since 1962 and have developed close ties with the community. They also specialize in life, health, property, and auto insurance for both businesses and individuals. Visit their website to review their full list of products or call (903) 831-3493 to request an insurance quote.