Texas does not require any commercial insurance for Amarillo, TX entrepreneurs, even workman’s comp, but it is a good investment for business owners. Below are some common perils that can be included, and your West Texas Insurance Agency representative can give more specific details as to what would be covered. 

General liability insurance will often protect you if you are responsible for property damage due to your services. This can extend to situations where the harm you cause to others is in the form of advertising. Your wording could have been misleading due to a miscommunication, or it may have been due to a typo or an omission. 

You could also have caused injuries that resulted in medical expenses and lost wages. Sometimes you can be sued to reach a reasonable outcome as well. This can happen either through faulty products or on your premises. If, for example, a customer trips on improperly secured flooring, you can be held financially liable. Other common perils are mistakes that your employees cause, such as destroying a client’s home by failing to perform a job adequately.

Your partners can benefit when you obtain various commercial insurance policies, as their interests will often be considered. It can help you maintain a good reputation in your professional community, as issues will be resolved quickly and professionally. 

West Texas Insurance Agency Can Help You 

We can put together an individualized insurance package to meet your needs and invite business owners in the Amarillo, TX area to reach out to us. We are available to speak to you by phone; you can visit our website or stop by the office for more details. 

Running a business can take much of your time, and matters like insurance may fall by the wayside. With your to-do list filled to the brim, updating your commercial insurance policy may easily be put on the back banner. At West Texas Insurance Agency of Amarillo, TX, we advise business owners to update their policies yearly. This ensures you pay the right amount of premiums and that your current insurance needs are taken care of.

However, sometimes you don’t have to wait for a year to lapse to update your policy. Talk to your business insurance agent when the below occurs:

• Changes in the workforce: When you increase or decrease the number of your employees, inform your insurer. The workforce size is a significant factor when computing your worker’s comp insurance, so ensure your policy is adjusted when hiring or firing employees.
• Changes in your assets: Have you disposed of your old computers or machinery due to technology changes? Have you added new equipment to support your new line of business? Either way, you should update your business insurance policy to reflect the assets in your possession.
• New business line: If you have introduced new products or services, you are exposed to new risks. To protect your business, ensure the changes are reflected in your policy.
• Increased business revenue: When your income grows, your business has more to lose when faced with liability claims. It also means you stand to lose more when your business is disrupted. Talk to your insurer to provide coverage matching your current revenue.

Would you like to upgrade your commercial insurance in Amarillo, TX? Please talk to West Texas Insurance Agency today. Our skilled agents will help you protect your business.

West Texas Insurance Agency is here for business owners in Amarillo, TX. If you have been in business for a while, it may be time to review your commercial insurance policy. We recommend that our clients review their policies at least once a year to ensure that there aren’t any gaps in their coverage. If you are looking for a partner to help you with all of your insurance needs, call our office today to set up a meeting.

We can help you review your commercial insurance policy

When it comes to commercial insurance, it’s vital that your policy keeps up with your business needs. As time goes by and your company grows and changes, your commercial insurance needs will too. It’s all too easy to renew the same policy every time without taking a close look to ensure that it still meets your needs.

A company’s insurance needs can change as it increases the level of inventory it holds, adds another vehicle to the fleet, or even if they’ve increased production to meet higher demand. Commercial insurance needs aren’t stagnant, so it’s essential to ensure that your policy keeps up with the changes.

When you sit down to review your policy, make sure that you have the liability protection you need and take a close look at your current policy limits. Be sure that you have the right amount of coverage too.

Let’s get started!

Amarillo, TX area business owners can count on the West Texas Insurance Agency team for all of their commercial insurance needs. If it’s time to review your current policy, or you need to make some changes or adjustments, give our office a call today.

When it comes to owning a small business, you’ll want to be sure that you stay abreast of any changes to state law that impact the type of insurance you are required to have. In Texas, businesses are only required to have one type of insurance – commercial auto. Any business-owned vehicle is required to have commercial auto insurance with at least minimum liability coverage. Unlike many other states, Texas does not require businesses to have workers’ compensation insurance, which helps pay for the medical bills and lost wages from missing work associated with an injury or illness sustained on the job. Although Texas does not require workers’ compensation insurance, you’ll likely want to make the investment and have a policy. If you don’t and an employee is injured or becomes ill because of their job, you’ll be on the hook for all their medical bills, which could quickly bankrupt a company. 

In addition to commercial auto insurance and workers’ compensation insurance, West Texas Insurance Agency in Amarillo, TX can assist in educating you on additional policies that may provide extra peace of mind for you and your business. For example, cyber liability insurance helps companies recover from costly cyber attacks by providing coverage to pay for regulatory fines, customer notifications, and ransom extortion payments.

For more information on commercial insurance, reach out to the friendly and knowledgeable team at the West Texas Insurance Agency. We’ll take time to learn about your business so that we can recommend a personalized insurance policy that best protects your business while staying within budget. Give us a call today or stop by our office in Amarillo, TX to learn more.