Call Us (512) 454-4567 ☰ ˟
  • Home
  • Get A Quote
    • Automobile
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
    • Flood
    • HomeownersImage of right arrow
      • Homeowners Insurance Quote
      • Manufactured Home Quote
    • Motorcycle
    • Renters
    • Windstorm
  • Customer Service
    • AutomobileImage of right arrow
      • Request ID Card for Auto Policy
      • Request Declaration and Coverages Page for Auto Policy
    • Business & CommercialImage of right arrow
      • Request ID Card for Commercial Auto Policy
      • Request General Liability Certificate of Insurance
    • Flood
    • Homeowners
    • Motorcycle
    • Windstorm
  • Blog
  • Resources
    • Secure File Area
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • About Us
    • About Danback Insurance Agency
    • Location Map
    • Customer Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Logo
Auto
Home
Business
Landlord
Home > Blog > Starting a New Business? Your Guide to Essential Business Insurance
TUESDAY, AUGUST 13, 2013

Starting a New Business? Your Guide to Essential Business Insurance

Austin Auto InsuranceStarting a new business in the current economic climate requires extensive planning and thought. Business owners should not lose sight of the fact that things could, and probably will, go wrong along the way. While the ebb and flow of financial success is an inevitable part of any modern business, it is important to prepare contingency plans. Protecting your business from loss involves purchasing the most appropriate level of business insurance, but choosing how much coverage is necessary for a new business is not always a simple process.

General Liability Insurance

If a business is to have just one element of insurance protection in place, it should be general liability insurance. This coverage protects the business and its owner from costly legal proceedings that arise as a result of property damage or bodily injury occurring on the business premises.

Property Insurance

Property insurance is essential if the premises are owned by the business, since such coverage will cover the cost of loss or damage as a result of fire, theft, vandalism or other events. In most cases, this type of insurance will also provide coverage for essential equipment, such as computers, office furniture and tools.

Business Owner’s Policy

If a business owner is in any doubt about the level of coverage needed, purchasing a business owner’s policy could be a prudent course of action. Such a policy will usually include liability insurance, property insurance and business interruption insurance and provide coverage for pretty much anything else that can go wrong with a new and developing business.

Commercial Auto Insurance

If the running of vehicles is an integral part of operating a business, commercial auto insurance is essential, as it will provide coverage for injury, damage and the loss of goods while in transit.

Worker’s Compensation Insurance

While this is not always at the top of a new business’ list of financial priorities, it can provide employees who work in relatively dangerous environments with medical benefits and wage replacement payments should an accident or injury occur within the workplace. In many cases, companies that have this form of insurance will require that new recruits waive their right to sue as a result of a work-based accident.

Professional Liability Insurance

Often referred to as errors and omissions insurance, this type of coverage will cover the costs of defense and damages should legal action be brought on the grounds of professional misconduct. For instance, it is usually a condition of a license to practice medicine that adequate professional liability insurance is in place to cover the costs associated with incorrect diagnoses and botched medical procedures.

It is usually a business owner’s natural instinct to keep costs to an absolute minimum during the early stages of a company’s life. While it may be tempting to save on the cost of insurance, the cost of not having insurance should be factored into the decision-making process.

Call Danback Insurance Agency today at 512-454-4567, and one of our experienced insurance agents will discuss your Austin commercial insurance requirements with you in detail.

Posted 11:04 AM

Tags: austin commercial insurance, professional liability insurance, austin workers comp, workers comp austin tx, danback insurance agency
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2014
  • 2013
  • 2012

  • austin(20)
  • texas(16)
  • insurance(15)
  • auto insurance(7)
  • danback insurance agency(5)
  • austin auto insurance(4)
  • car insurance(4)
  • home insurance(4)
  • austin commercial insurance(3)
  • coverage(3)
  • flooding(2)
  • homeowners(2)
  • renters insurance(2)
  • safeco(2)
  • motorcycle insurance(2)
  • flood insurance(2)
  • homeowners insurance(2)
  • save money(2)
  • damage(2)
  • peace-of-mind(1)
  • home protection from floods(1)
  • safeco premier partner award(1)
  • home(1)
  • rental cars(1)
  • teen drivers(1)
  • declarations page(1)
  • business insurance austin(1)
  • car maintenance(1)
  • driver safety(1)
  • auto insurance coverages(1)
  • car rental insurance(1)
  • deductible(1)
  • contents insurance(1)
  • austin homeowners insurance(1)
  • levees(1)
  • personal possessions(1)
  • car wash(1)
  • cyber liability insurance(1)
  • trick or treating safety tips(1)
  • property(1)
  • windstorm(1)
  • tornado(1)
  • rv insurance(1)
  • tow-behind rvs(1)
  • bundling(1)
  • austin insurance(1)
  • discounts(1)
  • flood damage(1)
  • causes(1)
  • incidents(1)

View Mobile Version
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Mission Statement

As an independent, full-service agency, Danback Insurance Agency offers many different lines of insurance to meet your personal and business needs. We represent some of the most respected carriers in the industry to provide the quality coverage you need at competitive rates.


312 Burnet Rd., Ste 115
Austin, TX

Ph: 512-454-4567
Fx: 514-454-4568


Social Social
Home Get A Quote Customer Service Blog About Us Meet Us Contact Us

Powered by Insurance Website Builder