Seeking Optimized Commercial Insurance Rates in Austin
Whatever kind of business you own or operate in the great state of Texas, it’s imperative that you purchase commercial insurance in order to cover your liabilities. Whether you are in construction, drive a taxi-cab, operate a manufacturing or packing warehouse, or manage digital pencil-pushers and paper-shufflers, the type of commercial insurance you purchase in Austin will be determined by your own personal risk factors. You can also significantly lower your rates by bundling packages – for instance, your business property insurance, general liability, and commercial automobile insurance can all be moved into a single policy. Moreover, it may be advantageous to insure your entire business – sales, management, accounting, manufacturing, packaging, and so on – into one policy that reflects the various elements of risk in terms of percentages.
When seeking to purchase commercial insurance in Austin, you need to be aware of the types of business insurance that are available in order to ensure that you purchase the type that best fits your needs. There are generally three categories of commercial insurance in Austin, including:
- Basic insurance, which includes coverage for risks that are pretty general, such as property damage caused by the elements of weather, or from vehicles, aircraft, and “civil commotion”
- Broad insurance, which provides coverage for everything that is included in basic, plus coverage for more specific types of risks, such as destruction or disrepair of property caused by water or collapse caused by factors such as heavy snow and ice.
- Special coverage more or less covers any type of loss except for those that are specifically mentioned in the policy as exclusions.
Given these three categories, there are no standardized policies in Texas, which means that business owners are given the ability to customize their commercial insurance in Austin in order to best fit their needs. Determining how much coverage you need depends on what type of business you operate, as well as what kind of buildings or other structures are on your property.
Chances are that your business is divided into different departments for various functions. For instance, if you own a manufacturing warehouse, the risks that are involved on the floor among those who are operating machinery are different than for those who are in the sales department. Simply listing your business as a “manufacturing warehouse” will result in a distorted view of risk, and your premiums will likely be higher. It’s important to discuss exactly which aspects of your business that you want to insure with your commercial insurance in Austin and come up with a map of percentages in order to determine the most realistic perspective of risk, resulting in lower rates.
Commercial Insurance Austin – Ed Weeren Insurance Agency (http://www.edweereninsurance.com) has been assisting businesses and individuals since 1899, providing commercial insurance in Austin, building client relationships, and serving our community. Please contact us with any questions about how we can create the perfect insurance package for you. Phone: 512-454-5266 or E-mail: kelli@weereninsurance.com
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