03 Jun, 2015
Owning a new business means you probably face a lot of risks. Each day presents a new opportunity for unknown risks to jeopardize your business. With 80 percent of businesses failing within the first year and a half due to lack of money, according to Forbes, it is critically important that you protect your cash so that your business remains operational. By purchasing business insurance, you strengthen and protect your business.
Accidents and injuries are two types of risks that threaten continual operations for your business. When someone is hurt as a result of your business operations, you face the possibility of being sued. If you are wholly responsible for covering the costs, how would you continue paying your employees? With general liability insurance, your insurance provider can help you cover the cost of a qualifying event. This prevents you from depleting your operating income, strengthening your business against liabilities.
Fires and storms can wreak havoc on business facilities given the right set of circumstances. Without a disaster plan and equipment in place to offset damages, how would a business continue to fill orders and make money to recover? The easiest and smartest way to do this is to purchase a commercial property insurance policy that covers events that cause physical damage to your property. Armed with property insurance, your business coffers remain plentiful and available for use to generate more money for your business, instead of rebuilding it.
If you or your employees travel on behalf of your organization, then you must have business insurance for your vehicles. There is always a possibility someone will be in an accident, and the possibility increases during business hours when many more people are on the road. With the right commercial auto insurance policy, your business can settle damage claims with your insurance company without spending your profits.
There are many other types of business insurance available to you that helps increase the chances of your new business surviving financial difficulties after a loss. Fortunately, with the right coverage, your business can overcome these hurdles, instead of closing the doors.
Get the coverage you need. Call La Familia Insurance at (888) 751-7511 for a Dallas business insurance quote.
