For years, you may have been thinking of starting a new business. You have decided, finally, that the time has arrived, but there is so much to do, it might seem overwhelming. Before opening up shop, you have to file Articles of Incorporation with the Secretary of State, decide on a budget, figure out an affordable marketing plan, and navigate your way through all of your insurance needs. An experienced insurance agent, like Jeff Van Matre of the Jeff Van Matre Insurance Agency of Dallas, Texas, can be a great resource for you and your business’ insurance needs.
What does a new business need insurance-wise?
Insurance needs and policies can be confusing and complicated for someone starting a new business. There are, though, a handful of policies that every new business will need:
General Liability Insurance:
General liability insurance protects a business from the expenses associated with a lawsuit, from costs associated with an accident, or from allegations of libel or slander. General liability insurance is a very important part of a comprehensive insurance package that every new business should have.
Commercial Property and Vehicle Insurance:
Every new business has something that needs to be insured. It could be vehicles, or tools, or the building that you are purchasing. All hard assets of a new business should be adequately insured.
Workers Compensation Insurance:
If you have an employee hurt on the job, workers compensation insurance will provide the coverage you need. It will protect you against the expenses of a lawsuit from the employee or the employee’s family. It will pay for the medical treatment for your employee and it will help pay the employee for his or her loss of future earnings.
An umbrella insurance policy is a terrific way to increase your coverage at very little cost. It enlarges the amount of coverage a business can have and it can be extremely cost effective.
About Jeff Van Matre Insurance Agency:
If you are starting a new business, your insurance agent should be a great resource for you. Jeff Van Matre enjoys helping new business owners figure out their insurance needs on a cost effective basis. Call the Jeff Van Matre Insurance Agency at 972-492-8500, which offers customized insurance policies that feature a variety of coverage options. Contact us today to discuss a policy or receive a quote. Located in Carrollton TX, we proudly serve individuals and businesses in Carrollton, Lewisville, Dallas, Irving, Plano, and surrounding communities.