You don’t get commercial insurance in Dripping Springs, TX because you’re required to. Texas doesn’t require commercial liability insurance, and you probably won’t have to carry property insurance unless you still owe money on the loan.
However, you get insurance because you need the protection it provides. At Ty Lawrence Insurance Agency, we help every client find the kind and level of protection they find comfortable. One great policy to start with is a Business Owners’ Policy (BOP), which combines general liability and property protection.
How to Save Money with a BOP
Property Insurance will cover your physical building, furniture, supplies, and other items that your business owns. Unless you have special equipment, one policy might be enough to provide all the property protection you need.
Liability insurance will give you coverage in case of a lawsuit, such as if someone goes onto your property and falls. Legal expenses, like court and attorney fees, will also be covered. Without general liability insurance, your business would be responsible for paying all those damages, medical bills and legal fees if anything happened.
You can get these important policies separately, or you can get them for a combined price for a discount.
The Convenience of a BOP
If you purchase your policies separately, you could end up with different due dates and renewal periods. By combining the policies, you can ensure that you have the convenience of one date for both kinds of protection.
You may want to add other kinds of protection, such as work interruption insurance, commercial auto insurance, or another kind of protection unique to your business. If you have a small business in Dripping Springs, TX and want to make sure you have the protection you need at the best price you can find, call Ty Lawrence Insurance Agency today so we can help you out.