Category: Commercial Insurance

Owning a business is both a dream come true and a nightmare. Many risks exist that every business needs to be aware of and prepared to deal with. That is where your independent insurance agent comes in. At Slaughter Insurance Agency Quinlan, TX, we personalize your policy for your business so that you have the coverage you need and are not paying for what you don’t. 

Does commercial property insurance only cover the building?

No, commercial property insurance does cover the building if you own it, but it covers much more than that. It covers the things you need to conduct business, which can be machinery, office equipment, tools, electronics, raw materials, and inventory. It is important coverage for both property owners and renters. 

Do I need to have commercial insurance in Texas?

No, commercial insurance is not required in Texas. In fact, Texas is the only state that doesn’t require workers’ compensation insurance. Just because it isn’t required, doesn’t mean it is a good idea to be without it. Bad things happen to businesses, even in Texas. Commercial liability is particularly important since one in three businesses will be involved in legal action every year. 

Do home-based businesses need commercial insurance?

Yes, you do. Many home policies will be woefully inadequate when it comes to covering a business that you operate out of your home. You need commercial liability and commercial property coverage. 

What coverage does business interruption insurance provide?

If your business is damaged by a covered peril and you are forced to close while it is being repaired, you won’t have any income. Just because you have no income, your expenses will not diminish. This insurance helps you pay bills and salaries. Surviving or not can depend on this insurance.

In Quinlan, TX, contact Slaughter Insurance Agency with all your commercial insurance needs. 

Those that are in the Quinlan, TX area and would like to be their own boss should consider starting their own business. If you are looking to start a business when you in this part of Texas, having the right insurance is very important. Commercial insurance coverage should be considered a necessity for a few reasons. 

Coverage is Often Required

A reason that you should obtain commercial insurance in this part of the state is that it is a requirement for a lot of businesses. Many businesses of all sizes in this area will take out loans, bring in new investors, or will need to rent a place to operate out of. In almost all of these situations, the business is going to need to carry insurance as the various agreements will have insurance requirement provisions. 

Coverage Provides Necessary Protection

You should also get a commercial plan as it can provide necessary protections. Anyone that is going to start a business will need to acquire various commercial assets to get the business off the ground. With commercial coverage, you will have protection to repair or replace these assets if you incur certain losses. Further, if you have a commercial insurance plan, you are going to have the coverage needed to mitigate commercial liability risks. 

Business owners in the Quinlan, TX area need to take their commercial insurance needs seriously. If you are shopping for a new insurance plan when you are in this part of Texas, it would be wise to contact the Slaughter Insurance Agency. There are a lot of choices that come with picking commercial insurance and Slaughter Insurance Agency will help you evaluate both your needs and options. This support will help you build a plan that is ideal for your situation and business.