A successful business takes a lot of hard work and enormous risks. Having commercial insurance can help to mitigate some of the risks that threaten your business. At Jason Ridley Agency in Colleyville, TX, we understand business risks and will determine the type of commercial insurance that is right for your business. We are an independent insurance agency, and we work for our clients.
Types of commercial insurance
Commercial Property Insurance
Commercial property insurance is about not only protecting the physical building where you do business, but it also covers the content of that building and the things you need to conduct your business. It is the equivalent of home property and content insurance combined. The actual things it covers depend on the type of business you have. If you own a store, it covers the inventory, display units, electronics, and everything you use to make your business work. For a plumber, it could be tools, pipes, fixtures, etc. This is valuable coverage even if you don’t own the building itself.
Commercial Liability Insurance
The single biggest risk that businesses of all types face is being sued. If there is a judgment against you, it could mean the end of your business if you don’t have commercial liability insurance. Commercial liability will pay the judgment up to the limit of your policy and also legal expenses.
Commercial Auto Insurance
If your business owns a vehicle or vehicles, they need to be insured with commercial auto insurance. Your personal auto insurance will not cover you for business use, and that could leave you in a very risky situation if you have an accident while out on business.
Workers Compensation Insurance
Texas doesn’t require workers’ compensation insurance, but that does not take away your requirement to pay employees injured on the job.
Consult With Us
Contact our team at Jason Ridley Agency in Colleyville, TX to discuss your commercial insurance needs.