Business Insurance in Irving, Texas
Businesses of all sizes and industries experience growth and success. However, this progress comes with risks and uncertainties, making business insurance essential. Business insurance can protect against potential financial losses caused by unforeseen events like accidents, fires, lawsuits and more.
Oasis Insurance Agency Inc. is a trusted provider of business insurance solutions. With our in-depth knowledge of the local market and dedication to personalized service, we can offer ideal coverage options tailored to every business’s unique needs.
What Is Business Insurance?
Business insurance is a broad term that encompasses various types of coverage designed to protect a business’s assets, income and operations.
The coverage provided by business insurance can vary widely depending on the specific policy. Generally, it can include the following:
- General liability insurance—This can cover third-party claims of bodily injury, property damage and personal injury (e.g., libel or slander) that arise from your business operations.
- Business property insurance—This can protect your business’s physical assets, such as buildings, equipment and inventory, against damage from fire, theft or certain natural disasters.
- Business interruption insurance—This can provide financial support if your business operations are disrupted due to a covered event, helping to replace lost income and cover extra expenses during the shutdown.
- Commercial auto insurance—This can cover damage and liabilities related to business vehicles.
- Professional liability insurance—This may cover claims of negligence, misrepresentation or mistakes in your business’s services.
- Workers’ compensation insurance—This can help cover medical expenses and lost wages for employees injured or ill due to work-related incidents. While not mandatory in Texas, it is highly recommended.
How Does This Work?
Business insurance transfers the financial risk from the business to the insurance provider. In exchange for regular premium payments, the insurance company may agree to cover specific losses outlined in the policy. When a covered event occurs, the business files a claim, and the insurance company assesses the situation. If a claim is approved, the carrier may provide compensation based on the policy terms.
How to Get Coverage
If you’re looking for reliable business insurance solutions, Oasis Insurance Agency Inc. is here to assist you. Contact us today to explore your options or request a free quote.