Texas has a business climate that is friendly and many businesses have been relocating to Texas. So far this year, more than 200 businesses have chosen to move to Texas. Businesses in Texas are required to have some commercial insurance and it is important that they know exactly what that is. In Sanger, TX, Hermes Insurance Solutions has the information they need to choose the right commercial policy to protect their particular business.
The only mandated commercial insurance for businesses is commercial auto insurance. What you are required to carry is commercial auto liability coverage. You need to have 30/60/25. That is $30,000 for one person in an accident where your business vehicle is at fault, and the total accident of $60,000. Your business also must have $25,000 for property damage,
While this is the required coverage, there is other commercial insurance that pretty much every business should opt to carry.
Commercial liability insurance protects your business from legal action gains it. In any year, you stand between a 30-50% chance of being on the receiving end of legal action. Businesses are easy targets and given the size of judgments these days, you could lose your business if you don’t have commercial liability insurance to protect you.
Commercial property insurance protects more than just your physical building. It provides coverage even if you rent your building. You have a lot of things that you need to do business, such as machinery, office equipment, raw materials, inventory, and business records. Many hazards are included in this coverage, including theft and vandalism.
If you are a business owner in or near Sanger TX, Hermes Insurance Solutions would like to sit down with you and discuss the needs of your business. You can give us a call to make an appointment or just stop in at our office.