Business Owners Insurance in Texas

Insurance coverage is essential for any business; there is no doubt about that. Nonetheless, is it not the kind of protection a company owner should hurry through. Buying business insurance is a complicated process and you want to make sure you obtain an insurance broker who will take the time to ensure that you have every one of the policies your business requires to operate smoothly. A lot of company owners imagine that acquiring a Business Owners Policy (BOP) is the only type of insurance coverage they need. On the contrary while BOPs are useful for most enterprises, it is also sensible to acquire added business insurance coverage to go along with your (BOP) that meet the precise needs of your industry.

Business Owners Policies packages could contain:

·         Property insurance for buildings and contents owned by business

·         Standard protection

·         Special protection (more comprehensive)

Business interruption insurance

·         Covers loss of income results from fire or further catastrophe that disrupts business operations

·         Occasionally includes money for operating a temporary site

Liability protection-Covers business’ legal responsibility for the harm it could cause to others

·         Cause bodily injury

·         Property destruction due to defective goods

·         Faulty installations

·         Mistakes in services offered

General Liability Insurance

There are TWO “markets” of general liability insurance

·         Standard market

·         Excess Surplus market (In order to be covered under a general liability insurance coverage, a business must fall into the Standard Market)

Business Personal Property (BPP) may Protect property within a business from:

·         Fire

·         Theft

·         Vandalism

·         Possessions can be effects like televisions, chairs, tables, desks, etc.

Certificate of insurance

Vital—your business ought to always present clients with a certificate of insurance when doing labor for them (i.e. If you are working on someone’s residence, providing them with a certificate of insurance will let them know who is responsible)

Endorsements/AUDITS Any alterations you create in regard to liability issues/coverage, require you to notify your insurer

GENERAL LIABILITY IS NOT Compulsory FOR BUSINESSES TO Function,

Commercial Vehicle Insurance

A vehicle owned by a business must be insured on a commercial vehicle policy.  Personally owned vehicles that are used in business may be insured on a commercial vehicle policy.  A personal auto policy will not provide coverage for all commercial vehicle use.  Some personal policies provide coverage for sales usage and minor errands, but can not cover vehicles that are rated as commercial, nor can it cover many commercial functions, such as deliveries.  It is best to have the right coverage in the event of an accident than to find your policy did not cover the usage of the vehicle.  At David Kimbrough Insurance Agency, we can review your commercial vehicle coverage and advise you accordingly.

Commercial Property Insurance -designed to protect your Buildings and Business Personal Property.  Coverage depends on:

·         The premises that is actually insured

·         The kind of events that lead to damage

“Property” can be defined differently via every insurance company. Property can be:

·         Building structure

·         Furniture

·         Inventory

·         Equipment

·         Supplies

·         Money & securities (i.e. lost revenue or cash on the premises)

·         hard-to-replace records (i.e. accounts receivable)

·         Outdoor signs

·         Inventory

·         Others’ property

Additional Coverage-Sometimes you can add additional coverage to your policy to cover things specific to your business that go beyond the amount of your regular coverage

·         Expensive equipment

·         Antiques

·         Large amounts of money

·         ETC…

A business is a huge investment; do not leave it to chance by having inadequate insurance coverage. David Kimbrough Insurance Agency is a business too, so we understand the importance of comprehensive coverage. We offer many options for business insurance, no matter how big or small your business may be. Contact us today and fill out our free business insurance quote form!

The Products and coverage above is only a description of Insurance products offered by David Kimbrough Insurance Agency and your insurance policy coverages will vary depending on types of endorsements and riders that are purchased by the Individual.

Optional insurance benefits have additional costs.

Texas Insurance Agency offering Business Owner Policy BOP policies in
Friendswood, Houston, Pasadena, and League City Texas.