Business insurance costs vary depending on the type of coverage you need, the size of your business, and the level of risk involved. Generally, small businesses can expect to pay between $500 and $1,500 per year for basic coverage.
Business insurance is a type of coverage that protects your company from financial losses due to unforeseen events, such as property damage, lawsuits, and employee injuries. It can include a range of policies, including general liability, property, and workers’ compensation insurance.
Business insurance is essential for any company, regardless of its size or industry. It’s particularly important for businesses that have employees, interact with customers, or own property.
Without business insurance, your company could be vulnerable to financial ruin in the event of a lawsuit, natural disaster, or other unexpected event. Insurance can help protect your assets, employees, and reputation.
Commercial insurance typically covers costs associated with your company, including:
Property damage to a third partyBodily injury to a third partyAdvertising injuryLegal defense costsProducts liabilityIt is important to note that business insurance typically does not cover losses resulting from:
Intentional acts of the insuredEmployee injuries covered by workers' compensation insuranceDamage to the insured's own propertyCyber attacks and data breaches (may require a separate policy)Professional errors and omissionsYes, commercial insurance policies often have a deductible, which is the amount you have to pay out of pocket before your insurance kicks in. The amount of the deductible can vary depending on the policy and the type of coverage.
If you’re still unsure about whether your business needs insurance, talk to our insurance agents who can help you understand your options and find the right coverage for your needs. Don’t wait until it’s too late to protect your business.
Protects Your Business Assets: Business insurance in Texas safeguards your company, can cover the cost of replacing or repairing damaged property, keeping your business up and running.Mitigates Financial Risks: A business insurance policy can also help mitigate financial risks associated with lawsuits, liability claims, or employee injuries.Increases Credibility: Having business insurance shows your customers and clients that you are a credible and trustworthy company. It can help build your brand reputation and improve customer loyalty.Ensures Business Continuity: If your business experiences a major setback, such as a fire or flood, it could take a long time to recover.Compliance with Legal Requirements: Many types of business insurance are required by law in Texas, such as workers' compensation insurance. Having the proper coverage not only keeps your business compliant with legal regulations but also protects your employees and your business from potential risks.I recently purchased business insurance from Eichelmann Insurance Agency, and I couldn’t be happier with the service I received. From the initial consultation to the final policy selection.
Eichelmann Insurance Agency made the process of purchasing business insurance so easy and stress-free.
I highly recommend Eichelmann Insurance Agency to any business owner in Texas who is in need of insurance coverage. The team is professional, responsive, and committed to finding the best coverage options for their clients.
If you’re looking for a reliable and trustworthy insurance agency in Frisco, look no further than Eichelmann Insurance Agency. Their team is friendly, knowledgeable, and genuinely cares about helping their clients protect their businesses.
