Business Insurance 101
Finding the right insurance for your business can be extremely overwhelming, especially if you have never navigated the commercial insurance world before. Keep these helpful guiding points in mind so that you can safeguard your business from the various risks:
- Home-Based Businesses – As a business owner that operates out of their home, you still need insurance. You can either purchase an endorsement to your homeowners insurance policy, an exclusive home-based business insurance policy, or a business owner’s policy (BOP).
- Small Businesses – The most common policy for a small business is a business owner’s policy (BOP). The most important coverage options are bundled to formulate a custom-tailored business owner’s policy.
- Medium Businesses – As your business grows, your need for insurance reflects that trend. Therefore, you must customize an exclusive commercial insurance bundle to account for the increased risk as your company flourishes.
- Large Businesses – As a business grows, the dollar amount assigned to their risks increases as well. Not only will you need a customized commercial insurance bundle, but you will also need a risk management team to handle any possible threats.
Contact VGW Walker Insurance for all of your Texas business insurance needs. We will help you determine which commercial insurance policies would best fit your company’s needs.
