TEXAS/FLORIDA—It’s official the season changed and we are ready to break out the pumpkin, apple, and cinnamon flavors! Not to mention the colors that immediately transport us to a holiday mode, this is when it all begins. If you are a small business, whether you have a seasonal or a year round operation you want to keep your investment and hard work well protected.
As a business owner you have options when it comes to insurance, you can compare type of coverage and prices, and determine which one is more suitable for your specific kind of business/operation.
The following are 6 common types of business insurance you may want to consider:
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General liability insurance
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Any business
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This coverage protects against financial loss as the result of bodily injury, property damage, medical expenses, libel, slander, defending lawsuits, and settlement bonds or judgments.
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Product liability insurance
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Businesses that manufacture, wholesale, distribute, and retail a product
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This coverage protects against financial loss as a result of a defective product that causes injury or bodily harm.
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Professional liability insurance
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Businesses thatprovide services to customers
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This coverageprotects against financial loss as a result of malpractice, errors, and negligence.
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Commercial property insurance
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Businesses with a significant amount of property and physical assets
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This coverage protects your business against loss and damage of company property due to a wide variety of events such as fire, smoke, wind and hail storms, civil disobedience and vandalism.
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Home-based business insurance
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Businesses that are run out of the owner’s personal home
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Coverage that’s added to homeowner’s insurance as a rider can offer protection for a small amount of business equipment and liability coverage for third-party injuries.
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Business owner’s policy
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Most small business owners, but especially home-based business owners
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A business owner’s policy is an insurance package that combines all of the typical coverage options into one bundle. They simplify the insurance buying process and can save you money.
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You may want to think about the kind of accidents, natural disasters, or lawsuits could damage your business.
EXAMPLE—if your business is located in a commercial area that is at risk from seasonal events such as fire or hail storms, commercial property insurance will help protect against loss.
Don’t forget to compare rates and terms from different insurance carriers to find which one benefits you most. Also, make sure you re-asses your insurance needs as your business grows. If you’ve expanded operation or made additional investments in important equipment, you must protect it with a policy that covers it all.
At Garzor Insurance we care about your small business. Our experienced professionals are dedicated to providing commercial insurance in Florida as well as Texas, and now many other states across the U.S. If you also have questions about truck or other commercial vehicles insurance, or any other business insurance aspects, please do not hesitate to visit us online at Garzor Insurance, or you may want to call us directly at (321) 206-8035.
We look forward to help your business thrive!
Vannessa Castellanos
Licensed Insurance Agent
