If you own a small or medium-sized business, consider acquiring a business owners’ policy to protect your business assets. It’s a product that combines the basic coverages of business liability and property insurance into one.

Who It’s For

Though this kind of policy is recommended for home-based businesses, it is valuable whether you rent, lease, or own the property out of which you operate. Since we serve Dallas, TX, It’s worth discussing a business owners’ policy with our experts at Alloy Insurance Partners.

Maybe your business is set up as an LLC to protect personal assets like your home and personal banking account. But you still need general business liability. For instance, if someone is injured when they slip and fall in your parking area, and you have no business liability, then the cash, equipment, and inventory in your business are at risk.

What the Insurer Looks At

The insurer determines if your business is eligible for a business owners’ policy. Factors influencing that decision include what risks your business is exposed to, how long you’ve been in business, and annual revenue. In serving Dallas, TX, we deal with more than one insurance carrier, so we are likely to be able to get you the policy you need.

How to Make the Policy Your Own

Another advantage of a business owners’ policy is that it can be customized to fit the needs of your business. And since it combines coverages, sometimes it results in savings because you are not buying an individual policy for each of the possible situations that you need protection from. 

Alloy Insurance Partners is an independent agent staffed by knowledgeable professionals. Contact us to discuss what insurance your business needs to be fully protected.

When you own a business, one of the most important things you can do is to protect your patrons. In most cases, you have commercial policies to do a great deal to protect your business, but do they also protect your patrons? For those in the Austin or Dallas, TX area, the agents with Alloy Insurance Partners can help you to find the commercial policy that is going to work for you relatively easily.

How can a commercial policy help?

A commercial policy does a great deal to protect your business; it also protects your patrons and your employees. If you have any property insurance on your business, your property insurance may also help to protect your patrons. Commercial policies, by and large, do help to protect patrons that are injured on your property under a few different cases. For starters, if they are injured by no fault of their own, i.e., they are not running around, wasting time, or partaking in any dangerous activity, your policy will help to cover their medical bills and keep you from being sued.

Your policy may also help to protect you by helping to pay the costs if you are at fault for the injury. If there is any sort of issue, the first thing that will happen is the insurance company will come, determine what caused the accident, and will then work out how to pay medical bills and any other associated bills.

Your commercial policy will help cover the cost of taking care of medical bills associated with injury to patrons and will also help with legal bills as well. For those that do have a commercial business and want to make sure their patrons are covered, it is always best to look at different policies and to talk with an agent. For those in the Austin or Dallas, TX area, the agents with Alloy Insurance Partners are ready to answer your questions and get you a quote.