On the surface insurance policies may seem like an expensive line item in a budget, but most offer an impressive array of benefits that more than outweighs their cost. Business owners are susceptible to a vast array of threats that jeopardize the financial security of an organization and a company’s long-term viability. The right Commercial Insurance in Austin TX will provide a business with protection and prevent devastation while offering peace of mind for the owner of the organization.
General Liability Policies
A general liability policy acts as umbrella coverage that protects from a variety of threats. Coverage of this nature includes protection if a consumer is injured while on a company’s property, or if an organization is found to be out of compliance with a contract agreement. Insurance of this nature is affordable, and the insured may choose from a variety of coverage amounts ranging from $1,000,000 to $10,000,000 per incident.
Executive and Officers Insurance
Organizations trust that the offers and executives within a team will make sound business decisions, but human nature doesn’t always make that a possibility. Whether it is engaging in a fraudulent act or entering contracts that do not serve the interests of the company, Commercial Insurance in Austin TX is there to help. Most policies will provide financial support and legal assistance if an issue arises, which will prevent a person’s error from leading to devastation.
Product Liability Coverage
Companies that produce items designed for consumer use assume a great deal of liability with each product they sell. If a consumer sustains an injury as a result of using a product, they may be due restitution for any pain or mental anguish they suffered as well as reimbursement for any medical bills incurred. Product liability insurance offers protection from these events by covering the costs of any issues that result from normal use of a product.
The right insurance will keep a company safe and provide the owner with peace of mind. Perdue Insurance Group works with more than 15 insurance providers to create customized solutions that will meet the needs of any size organization. Call today to learn more and get a free quote to see how affordable quality coverage should be.
