Business Insurance Frisco TX: 3 Tips To Help You Avoid Mistakes

Business Insurance Frisco TXIf you’re a small business owner in the market for business insurance Frisco TX, you’re likely to find that the world of business insurance is a complicated and expensive one.  If you’ve ever purchased personal insurance, like life, home or auto, then you know that there are many variables and pitfalls when it comes to choosing the right policy.  When you buy business insurance, you’re doubling, tripling and even quadrupling the number of variables and pitfalls you’re going to encounter because you’re not just trying to find coverage for yourself, you’re also trying to find the right insurance to cover your business partners, employees, customers, inventory, facilities and more.  Here are 3 basic tips for avoiding big mistakes when it comes to your business insurance:

1 – Small Business Insurance Frisco TX:  Don’t Choose Based On Price Alone

Reducing your overhead by choosing the least expensive insurance coverage for your business can be tempting if you own a small business.  After all, you want to make as much money as possible and spend as little as possible.  Unfortunately, a strategy that includes selecting the lowest-cost insurance that saves you money in the short-term may end up costing you a lot of money down the line.  Cheap business insurance often doesn’t cover many common injuries or types of property damage. The best time to find out what you’re covered for (and whether or not it’s wise to spend a little more for the coverage you need) is before you’re in trouble and filing a claim — not after.

2 – Business Liability Insurance Frisco TX:  Don’t Purchase Too Much Coverage

While it’s very easy to purchase too little insurance, it’s also very easy to purchase too much.  Be careful not to purchase a package-type policy that includes insurance products you’ll never use.  Why pay for insurance that’s unnecessary?  For instance, if your business is a nursery, do you need to buy libel or slander insurance?  If you don’t use vehicles to run your business, do you need to buy commercial vehicle insurance?  To make sure you’re getting the most insurance for your money — but not more than you should have — take the time to evaluate your business’s needs to determine how much coverage to buy.

3 – Business Insurance Frisco TX:  Get Expert Help

If you’ve purchased personal insurance from a broker you trust, ask him if he handles business insurance.  If you already have a relationship with him, he isn’t likely to steer you wrong.  Because of the complexity of business insurance, it’s never a good idea to try to determine what you need on your own.  A good insurance broker can help you to figure out which types of coverage are right for your specific business; and because he works with many different companies, he can find a fair price for the insurance you choose.

For help choosing the right insurance products for your business, call the expert in business insurance Frisco TX, the Anthony Blackmon Agency, at (469) 291-9006.  You can also visit us online at to learn more.

Business Insurance Frisco TX
Anthony Blackmon Insurance Agency
9191 Kyser Way, Suite 200
Frisco, Texas 75034
(469) 362-8484

Photo Credit: © gustavofrazao

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