General Liability Insurance: Why Your Business Needs It

There is a certain level of risk associated with owning a business in Richardson, TX, and because of this, it is imperative you have general liability insurance coverage. This particular form of commercial insurance will help keep your business in operation when a disaster occurs while also protecting you in the event someone sues your business. Keep reading to learn more about general liability insurance offered by Allegiance Insurance Agency.

What Is Covered?

When faced with a lawsuit, things can get expensive very fast. In the event you are sued by an individual as a result of property damage, bodily injury, etc., you will be responsible for the associated legal costs.

The good news is that general liability insurance offers to fund these expenses. It will also cover the damages, medical expenses, etc. Without general liability insurance coverage, you would need to pay for all these expenses out of your own pocket.

What Isn’t Covered?

Like all types of insurance, general liability coverage will not cover everything related to your business. For instance, it will not cover auto collisions, even if they were caused by a member of your staff during work hours. A commercial vehicle policy would be necessary for this protection.

It also will not pay for work-related injuries, as this would be workers’ compensation. Further, general liability insurance doesn’t cover damage to your property, as property insurance would provide this type of protection.

Do I Need It?

Ultimately, every business owner in any industry should invest in a general liability insurance policy. You could be faced with a lawsuit any day of the week, and accidents can happen at any time and anywhere, regardless of the safety measures you may take.

The needs of every business owner in Richardson, TX will be different, so when you need help determining the amount of general liability coverage you need as well as any other insurance coverage, contact Allegiance Insurance Agency.

Is Commercial Insurance an Asset?

Allegiance Insurance Agency offers a variety of commercial insurance coverages to business owners in Richardson, TX. Business owners are vulnerable to damage caused by natural disasters like earthquakes and floods. An employee could be injured while in the line of duty, and sometimes the business might be sued for various reasons. Suppose you are a business owner in Richardson TX. In that case, you must get your commercial insurance policy at Allegiance Insurance Agency to stay safe from any form of damage to your business.Please visit us today and start your insurance journey with us! 

Is Commercial Insurance an Asset?

Investing in solidified commercial insurance is a worthwhile decision as it harbors the following benefits:

It offers Liability Protection

Did you know that your employees are a very integral component of your business?Allegiance Insurance Agency provides liability protection to business owners in two dimensions. First, it comes through when a claim arises due to a third-party injury. It covers their medical bills, and you do not have to fish cash from your wallet to cover them. Secondly, commercial insurance offers directors and officers liability insurance. This policy protects your directors and officers in your business in case of injury in their line of duty. The welfare of employees is a top priority in companies in Richardson, TX.

It protects your assets

If you are in Richardson, TX you need to visit Allegiance Insurance Agency because it protects your assets like computers and inventory in case damage occurs. If a covered peril like fire damages the business, the agency compensates for the loss. If there is damage that requires repair, the agency helps out. The Asset is an essential aspect of the business. Therefore, you need commercial insurance. 

It instills peace of mind

A business owner has less stress about the probability of damage to the business. The commercial insurance holders are assured that Allegiance Insurance Agency has got their back. Peace of mind ensures that you remain innovative and creative in your business without worry.

Are you a business owner in Richardson, TX? Do you own a business or businesses? Please call or visit us at Allegiance Insurance Agency today to have your business covered!