For many people in the Houston, TX area, owning a small local business is the American dream. While owning a business is a great goal to pursue, it does require you to take a lot of different factors into consideration. One factor that must be considered is your insurance needs. Small business owners should consider getting a full commercial insurance policy as it will provide a range of different types of insurance.
One of the most important types of coverage provided by a commercial insurance policy is liability coverage. If you produce a product or service or have customers in your place of business, you are taking on a lot of potential liability in the event someone is injured either when using your product or when they are in your place of business. Liability coverage will provide you with coverage in the event you are sued and found liable due to an accident.
Property coverage is another part of a commercial insurance policy. This type of coverage will provide you with coverage in the event your property is damaged or vandalized. This is a necessity if you own the property and have a mortgage, or if carrying insurance is a requirement under your lease.
If you plan on hiring any additional help, whether it is full-time, part-time, or contract employees, you will be required by law to carry a full workers compensation policy. Workers compensation will provide you and your employees with coverage in the event someone is injured while working on the job.
If you are a business owner in the Houston, TX area, you should contact the Noveri Insurance Agency to learn more about commercial insurance. The Noveri Insurance Agency will be able to help you better understand your insurance needs and also find you the right policy for your business.