What is Business Insurance?

Just like every business is not the same, there is no one-size- fits-all business insurance policy. Here at Warren Sanders Insurance we are able to insurance almost any type of business in Round Rock and all of Texas. Let our business insurance experts help protect your business at a great low rate.

Types Of Business Insurance

Here are some of the most common types of business insurance options that any business owner should consider when choosing their business insurance policy.

General Liability – This policy provides both defense and damages if you, your employees, or your products or services cause damages to another person or someone’s property.

Property Insurance – This policy will protect your building and any personal property. For example office equipment, computers or tools, it will pay for the cost of the replacement of these items.

Professional Liability Insurance – This policy provides protection against any lawsuit against you, when your service is in question. This is something that is not covered in general liability, so if you provide a service this would be important to have.

Data Breach – This policy protects your sensitive business related information. In today’s business world, there is a great deal of sensitive information stored online and it is an important to protect it.

Commercial Auto Insurance – If your business has any company vehicles, this is something you will need to have. Personal auto insurance will not cover any company cars.

Life Insurance - If your business has key people that could affect the business if they pass away. Life insurance is a key part of keeping the business going until that person could be replaced.

Why do I need business insurance?

Small accidents can result in large lawsuits. should your company be held or found liable, it could affect your business financially. Business insurance may help protect your company by covering these costs, as defined within your policy.

Defending your business against these claims is both time consuming and expensive. If you were to be sued, you would need to focus your energy on something other than the day to day operation of your business. Judgements of any size or amounts can be made against you even if you think you don’t have enough assets for a lawsuit to happen. Small business owners are especially vulnerable as they might be held personally liable for debts.

How much does commercial insurance cost?

How much your policy costs depends on a few factors, including:

  • business industry (type of business)
  • hazardous materials
  • length of time in business
  • gross sales
  • amount of coverage (1 million, 2 million coverage, etc.)
  • prior coverage and number of previous claims

Get Your Free Business Insurance Quote

To get a custom business insurance quote, you can get started by using our Business Quote tool to let us know a bit more about your specific business. From there, our experts can start working on creating you the perfect business insurance policy.  We look forward to working with you!

Our agency is located in Round Rock, Texas and serves business of all sizes in surrounding areas such as Austin, Georgetown Tx, Leander, and Cedar Park.