Launching a startup in Frisco, TX can be an amazing way of transferring your innovative idea into a company using a flexible business model. However, growing your business from a simple startup into a multinational company will not be a walk in the park. You will face a lot of challenges, and the only thing that will determine the fate of your startup will be how you handle the problems.
TAB Insurance Agency, LLC cares about your startup and offers you the right commercial insurance policy that will protect your startup from a significant financial loss when the worst happens.
Here are the top three reasons why you need to have a commercial insurance policy for your startup:
Protect Your Business Property
Typically, one of the most significant expenses for any startup is the money spent on acquiring the right equipment that you will need to operate. A commercial insurance policy covers any physical business property that could experience damage. Several instances such as vandalism, fire, and hail storms can damage your business property. Our commercial insurance policy will also cover any lost income resulting from business interruptions due to particular damage.
Protect Your Employees
Keep in mind that your business will not remain a startup forever. As your business grows, so will your to-do list. At some point, you will need to employ a few people to help you handle various tasks. Employee compensation is critical for protecting your workers and your overall business. The workers’ compensation coverage that is part of a commercial insurance policy will help you when your member of staff suffers an injury on the job or requires medical attention for a long-term problem.
Protects Your Business from Expensive Liability Claims
General liability insurance is essential to your business startup since it covers legal fees for lawsuits resulting from negligence, accidents, and personal injuries that may occur at your business premises. A single unfortunate incident in your office could bring down your business startup if you lack liability coverage.
Are you a the owner of a new business in Frisco, TX? Contact TAB Insurance Agency, LLC today for your commercial insurance needs and to learn more about a policy.