Business Insurance in New Braunfels, TX
Regardless of industry, business operations are often rife with risks and exposures. Costly incidents can have significant financial ramifications, and even the most risk-averse organizations may eventually need to navigate these difficult situations. With this in mind, the knowledgeable and dedicated team at Primero Insurance is standing by to provide guidance about business insurance.
What Does Business Insurance Cover? 
Business insurance, also known as commercial insurance, is typically a multifaceted investment, often requiring companies to secure multiple policies and several types of coverage. Exact coverage needs can vary greatly depending on size, sector and other specific circumstances, but the following types of insurance are often essential:
- Commercial property insurance may financially protect a company’s physical assets, such as its buildings, equipment, inventory and furniture.
- General liability insurance may assist with third-party losses for which a policyholder is at fault, such as those arising from bodily injuries or property damage.
- Workers’ compensation insurance may be critical in ensuring employees get the help they need following work-related illnesses and injuries.
- Professional liability insurance, also known as errors and omission insurance, may help limit out-of-pocket losses should a client accuse a business of providing mistaken, negligent, late or otherwise inadequate services.
- Commercial auto insurance may cover incidents involving a policyholder’s motor vehicles.
Depending on your company’s unique circumstances, you may require additional coverage. For example, cyber liability insurance should be a top priority if you work with sensitive data.
What Is Business Interruption Insurance and Who Needs It?
Business interruption Insurance, also known as business income insurance, is coverage that can help replace income lost when a business is forced to halt operations due to direct physical loss or damage. For instance, this could result from a fire or severe weather. Most types of businesses may benefit from business interruption insurance; however, it may be particularly beneficial to the following:
- Businesses with a physical location
- Businesses that rely on equipment or machinery
- Manufacturers
- Wholesalers
- Restaurants
- Salons
- Retail stores
How Much Is Business Insurance in Texas?
Several criteria may determine insurance rates. When assessing a company’s risk levels and quoting a rate for suitable coverage, insurance carriers may consider the following:
- Industry
- Location
- Workforce size
- Claims history
- Revenue
- Assets
- Coverage limits
- Deductibles
- Endorsements
How to Get Business Insurance
Assembling a suitable insurance portfolio may seem like an arduous task, but the assistance of a qualified insurance professional, such as those at Primero Insurance, can make all the difference. Our team of independent agents is ideally positioned to help companies in New Braunfels, San Antonio, Sequin, San Marcos and Austin peruse the offerings of various carriers and secure optimal coverage. Contact us today to get started.