Business Insurance in Richardson, TX
Business insurance is a fundamental safeguard for companies of all sizes. From small shops to large corporations, securing proper insurance can make or break a business. 
What Is Business Insurance?
Business insurance may refer to various coverages that are woven together into a distinct policy. There are many types of insurance for businesses. Factors such as business size, number of employees, industry and assets can all inform a company’s insurance needs.
What Does This Coverage Include?
A business’s insurance policy is often unique, catering to the specific needs of the operations. While distinct, most business insurance policies offer at least the following options:
- General liability insurance can help cover damage caused by a business to third parties and their property.
- Business income insurance may help cover financial needs, such as rent and payroll, when a covered event halts operations.
- Commercial property insurance can help cover business assets, such as buildings, equipment and inventory.
- Commercial auto insurance can help cover business vehicles.
- Professional liability insurance, or errors and omission insurance, can help cover accusations of neglectful or inadequate service or advice.
- Workers’ compensation insurance may help cover the costs of employee injuries or illnesses that happen during work.
Does My Business Need It?
Business insurance requirements can vary depending on industry and location. Workers’ compensation is often required for businesses with employees; however, some exceptions may exist. Commercial auto insurance is also a common business requirement when vehicles are used for operations.
Contact Adam Consultancy Insurance Agency to discuss your unique needs. Our trusted agents can help recommend the right coverage for your business.