Month: June 2022

As a small business owner, you may be trying to save as much money as you can. One thing that you might try to avoid is getting insurance for your business. However, that could be a big mistake. 

Here are some reasons why you need insurance for your business. 

Property and casualty insurance. This is important to protect the physical assets in your business. This may include your office, as well as the building that it is in. It can also help if your business needs to be shut down due to damage or loss. 

Liability insurance. Liability insurance will protect your business (and yourself) against any lawsuits that you may find yourself facing. If someone falls and gets hurt on your property, this protection is necessary. 

It is the law. Though you want to protect your business and yourself from anything that may happen, the truth is that you can’t have a business without insurance. You may find yourself facing fines and penalties if you don’t have any insurance. Legally, you may be forced to shut your business down if you practice without any insurance. 

Even if you don’t want to spend the extra money, you can’t open a business without insurance. That being said, you need to protect it any way you can. Property and casualty insurance will cover the building, while liability will cover any lawsuits that you may end up facing. If you are sued, you may end up losing your business and even your home. It may destroy your family, so you should do anything that you can to protect everyone. 

If you are looking for insurance advice in Coppell, TX, don’t hesitate to contact us today at The Select Insurance Agency. 

Any business owner today is going to have various important decisions that need to be made on a daily basis. One important decision that may need to be made can come when choosing a proper insurance plan for the business. One form of insurance that all business owners in the Coppell, TX area need to consider getting is worker’s compensation insurance. There are several advantages of this type of coverage that make it a good investment. 

Protect Employees

One of the main reasons that you should get workers’ compensation insurance is that it can help to protect your employees. A quality team of employees is an invaluable asset and workers’ compensation will provide them with support if they suffer injuries on the job that results in damages. A proper plan can provide coverage for many costs they may incur including lost wages, medical bills, and future therapy expenses. 

Reduce Commercial Liability Risk

Another advantage of workers’ compensation coverage is that it can help to reduce your commercial liability risk. If you have someone that is injured while they are working on the job, the workers’ compensation plan will offer coverage. However, if you do not have this type of coverage, they may pursue you and your business to cover their damages and incurred costs. With the right workers’ compensation plan, they will already have their costs covered.

As you are looking for a commercial insurance plan in the Coppell, TX area, it would also be wise for you to call The Select Insurance Agency. There are various advantages that come with this coverage and The Select Insurance Agency can help ensure you choose a plan that will help to maximize your protection. Ultimately, this will help to protect both your business and your employees.