If you’re a business owner, you’ve most likely been told that you need to purchase business insurance. However, having a clear understanding of the coverage this policy provides can help you understand which carrier is the best choice for you. Comaltex Insurance Agency Inc has provided the latest products on the market to their New Braunfels, Texas, clientele since 1948. Below they’ve outlined what you need to know before purchasing a new policy.

4 FAQs on Business Insurance

What Type of Coverage do I Need?

Every business, large or small, needs general liability insurance. This coverage insures your business against claims of negligence or lawsuits. Depending on the type of business you own, your specific coverage will most likely drill down further. For instance, if you provide a product to customers, you will need product liability coverage. 

Do I Need This Policy if I Work From Home?

Regardless of whether or not you have a homeowners or renters policy, you will need business insurance if you work from your home office. This business owners policy protects you and your business from any accidents or liability that occur while you work from home. For instance, if you hold a business meeting from home, this policy will cover for accidents occurring onsite.

Should I Insure My Employees?

If you maintain even one employee, you are required to pay for worker’s compensation insurance. This coverage kicks in if an employee is injured or dies while working for your company. It pays for any medical expenses, funeral, and insurance expenses for the employee.

Is My Property Insured?

If you opt for the business owner’s policy, items within your office such as your computer, furniture, or other work-related items will be covered in the event of theft or damages due to fire. It also covers damage to the structure or dwelling in which your business is housed.

If you’ve started a new business and need a good business insurance policy, speak with a professional. The team at Comaltex Insurance Agency Inc understands the coverage needs of each business. They will match your business with the best products on the market at the lowest rates. To speak with someone directly, call them at (830) 625-7511 or visit the website for more information.