Small Business Insurance Frisco TX: 2 Common Policy Shopping Mistakes

Small Business Insurance Frisco TXGetting the right small business insurance Frisco TX is critical to protecting the business that you’ve worked so hard to build. However, many small business owners make similar mistakes when choosing the right small business insurance Frisco TX coverage for their company. Here are two common issues that small business owners tend to overlook when looking for small business insurance Frisco TX.

Small Business Insurance Frisco TX Mistakes

Relying Too Much On Homeowner’s Insurance Policy

If you run your business out of your home, you may think that your home insurance policy has you covered. What you may not realize is that your home insurance policy doesn’t actually cover any of the items or property used in conducting your home-based business. Even more troubling, if a client visits your home on business and is somehow injured on your property in the process of conducting that business, your home insurance policy won’t cover that either. To ensure that your assets are properly protected, talk to your agent about business personal property insurance, both on-premise, and off-premise liability insurance, as well as errors and omissions coverage.

  • Business Personal Property Insurance
  • On- Premise Liability and Off-Premise Liability
  • Errors and Omissions Coverage (sometimes required)

They End Up Paying Too Much

This may not come as a surprise to many small business owners, but too often companies end up paying too much for their small business insurance coverage. This is one of the drawbacks of using the same agent who provides your personal coverage for your small business insurance coverage. It is important to shop around and resist the urge to go the easy route. Once you’ve landed on the right agent relationship, it is imperative that you set aside time annually to reevaluate your small business insurance Frisco TX to make sure that your policy is staying current with your business’s needs. If your business or your industry experienced volatility in the last year or you think the coming year may be a downturn year for you, explore adding a loss of income to your policy.

Purchasing the right coverage for your small business is crucial to ensuring your success, not to mention the relationships you’ve built with your customers, staff and even investors. While the right plan shouldn’t break the bank, you should avoid shopping on price as well. When you are ready to purchase your small business insurance Frisco, TX, call our small business insurance experts at Anthony Blackmon Agency at (469) 291-9006 to get started on a quote today!

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

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