Why Commercial Insurance Is An Essential Part Of Growing A Business

FB Taylor provides insurance coverage to the Nederland, TX community and the surrounding areas. We work closely with over 30 different carriers to help our clients find the right policies for their needs. We are confident that we can help you protect your most valuable assets.

Why Commercial Insurance Is Essential

The Texas economy thrives on the success of businesses. As a Nederland, TX business owner, you are aware of the difficulties involved in operating a business at a high level. You may have to deal with challenges on a regular basis. Commercial insurance can help alleviate some stress by protecting your business. Here are a few reasons why commercial insurance is essential to the future growth of your business.

Protects Your Investment

Commercial insurance protects your business because it gives you a foundation to lean on when there is an emergency. Let’s say severe weather moves through the area and causes damage to your property. The policy will cover those repairs. You can also add interruption insurance to your policy so that you’ll be covered if you have to shut down your business for an extended period of time. Commercial insurance covers your inventory if it is damaged or stolen.

Flexible Coverage

As your business starts to evolve, you’ll face new risks and challenges. You can amend your policy to add a level of protection that is appropriate for your business. By amending your coverage as your business grows, you reduce the chances of being left unprotected.

Helps Your Business Stand Out

Having a great commercial insurance policy can help your business stand out from the competition. Your business will develop a reputation for having integrity.

FB Taylor Will Help You Protect Your Investment

Visit our website to learn more information about commercial insurance.  

How would commercial insurance protect my business?

In the Nederland, TX area, there is a strong and growing population base and a lot of local support for small businesses. This area of Texas can be a great place for anyone to start a business because of these benefits. When you are looking to start or grow a business, you need to get the right insurance in place. A proper commercial insurance policy could protect your business in several ways.

Gives Protection Against Liability Risk

Your commercial insurance policy will cover your business by providing you with coverage against the risk of liability. Business owners will be taking on a liability risk at all times. If there is ever an accident that leads to damages to another party, you could be responsible. With a full commercial insurance policy, you will have the coverage you need to protect against this risk. 

Coverage for Business Assets

A business owner will have to invest some capital to get their company off the ground. When you invest in these assets, you will want to ensure they are properly covered by insurance. With a commercial insurance policy, you will receive coverage that could be used to repair or replace these assets. This could help to keep you solvent if you do incur a loss. 

Many advantages come with getting a commercial insurance policy in the Nederland, TX area. As you are looking for your next policy, receiving guidance from someone experienced and trusting is very helpful. The team at FB Taylor could offer you the guidance and support that is needed to understand your options. With this support, FB Taylor can help you choose a policy that properly protects your small company. 

Top 5 Pitfalls to Avoid When Buying Commercial Insurance for Your Business

When you start your business, one of the key factors to consider is what type of business insurance you need. With the wide selection of commercial insurance options available today, it might be challenging to purchase the right coverage that perfectly suits your business operations. To help you with the selection, FB Taylor in Nederland, TX has prepared a list with the five most common pitfalls to avoid when shopping for commercial insurance for your business.

Getting a Coverage That is Too Cheap

Picking an insurance plan solely because it is cheaper is not always the smartest decision because you might be left with an insufficient plan. However, it also does not mean you need to pay extra for the benefits you do not need. In order to make a knowledgable decision, make sure you shop around by weighing the plans’ premium accounts and features.

Not Reading the Policy Properly 

Every insurance policy contains important information about deductibles, coverage limits, and reimbursement policies. Therefore, it is vital to take your time and read the policy thoroughly.  

Not Considering Potential Income Losses

If your business sustains damages, you will most likely face the income losses from your business being shut down. By losing income, it might be difficult, if not impossible, to get back on your feet without coverage. 

Not Adapting Insurance to Your Growing Business

If your business is growing, the insurance should evolve along with the growth of your company. This means you should consider switching policies when your business expands. This might include bundling policies or getting more coverage.

Forgetting Workers’ Compensation

Unlike other states, Texas does not require business owners to carry workers’ compensation. However, if you are a good employer who cares for his employees, you should consider having workers’ compensation anyway. 

If you want to avoid mistakes and pitfalls when shopping for commercial insurance, the highly qualified agents from FB Taylor in Nederland, TX are ready to consult with you and help choose the best option. Just contact our office and give us a call today for more information.