Starting a business is exciting, but it also comes with risks. One of the smartest early investments you can make is commercial insurance. But how do you know if your start-up truly needs it?
What Is Commercial Insurance?
Commercial insurance protects your business from a variety of risks, including property damage, liability claims, employee-related issues, and more. Common types of commercial insurance include general liability, property insurance, workers’ compensation, and professional liability insurance.
Why Start-Ups Should Consider Coverage
Many start-up founders believe they can delay purchasing insurance until their business grows, but risks don’t wait for you to scale. Even in the early stages, a single lawsuit, accident, or natural disaster can disrupt or even shut down your business. If your start-up works with clients, handles customer data, rents a workspace, or sells physical products, you may already face exposures that require coverage.
For instance, a client could sue over a missed deadline (professional liability), a visitor might slip and fall in your office (general liability), or a fire could damage your equipment (property insurance). Commercial insurance helps protect your business from unexpected events.
Tailoring Insurance to Your Needs
While you don’t need every type of insurance, you do need the right coverage for your business. A home-based software start-up won’t require the same insurance as a food truck or retail store. Consulting with a business insurance agent can help you create a policy that fits your needs and grows with your business.
Paragon Independent Insurance Agency Is Proud to Serve Plano, TX
At Paragon Independent Insurance Agency, we’re proud to serve Plano, TX, and assist with all your insurance needs. Contact our team or visit us today to speak with an agent and learn more about our plans.
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