From the day you established your business in Amarillo, TX, you are exposed to risks. Ranging from theft, fire, lawsuits, accidents to natural disasters, your business operates in a volatile environment. For this reason, you need proper commercial insurance in place to cushion your business when catastrophes strike. Fortunately, businesses have numerous commercial insurance coverages to choose from. Here are four commercial insurance add-ons to consider for your business, according to Nest Insurance Agency.
Workers’ comp insurance
Whether you have seasonal, part-time, or full-time workers, you need to protect them from work-related injuries and general illnesses. Workers’ comp insurance helps you protect your most valuable assets by paying for their medical costs, partial loss of income, and funeral expenses, following workplace injuries or other illnesses.
Liability insurance
Since businesses operate in a litigious environment, investing in liability coverage is a must since one liability claim can wipe your hard-earned business. For this reason, you need liability coverage to protect your business against advertising injury, property damage, and bodily injury from third parties. This way, you don’t have to use your business resources to finance expensive liability claims.
Property insurance
Whether you own or have leased your commercial building, property insurance is a no-brainer. Besides, this coverage protects your inventory, furniture, computer equipment, and other assets from perils like lightning, hail, fire, theft, and so on. However, you may need separate covers for mass-destruction perils like floods and earthquakes since typical business insurance won’t protect you.
Cyber liability
While the increased use of the internet is a life-saver for businesses, the downside to it is the increased upsurge in cybercrimes. As a result, you need cyber insurance to protect your business, especially if you are an online-based business. While cyber liability insurance doesn’t prevent cyberattacks, it helps reduce the financial burden of cyber-related crimes.
Buy commercial insurance today!
If you are a business owner in Amarillo, TX, contact Nest Insurance Agency to purchase an affordable commercial insurance policy today. Business insurance is the best line of defense for your business to thrive in an uncertain environment.
