When you’re a small business owner, you’re in charge of your own livelihood. So what would you do if an unforeseen threat came along that put your assets and investments in danger?

Carrying the right insurance can protect you from things like theft, litigation and more. At TWFG, we understand your needs and will make sure you get the right policy at the right price.

Here’s what to know about the coverage that’s available (and if you don’t own a small business, you can share these tips with a friend who does): 

General and Professional Liability

Businesses that give advice, make recommendations or provide physical care need professional liability insurance. Also, if a customer is injured on your property or claims your product or service harmed them, general liability insurance can protect you. 

Essentially, liability insurance will pay for any judgment against you (up to the policy limit) and cover your legal expenses. 

Property and Auto

Insurance protects the structure and contents of your business property. Even if you lease space, you’ll want insurance to cover what’s inside. 

Vandals, fire, water and other destructive forces could damage your furnishings, inventory and machinery. Insurance provides funds to fix and replace what’s lost so you can get up and running again.

One more thing: Does your company own vehicles? If so, you need a business auto policy in case of an accident.

Workers’ Compensation

Even though you do your best to ensure a safe workplace, serious injuries can happen due to commonplace accidents like falling off a ladder or slipping on a floor. If an employee is injured on the job, workers’ compensation can help replace their lost wages.

Next Steps

These are just some of the coverage types we offer to small businesses. If you’re looking to improve coverage or buy it for the first time, give us a call. We’ll help you build the best policy.