Anyone who owns a business knows that commercial insurance is a necessity. But with so many different types of coverage available, it can be difficult to know what to look for in a good policy. Armadillo Insurance Agency in Austin, TX offers you this guide to explore some of the key features to look for when choosing commercial insurance for your business.
What to Look for in a Good Commercial Insurance Policy
1. The Deductible
The first thing to look for in a good commercial insurance policy is a low deductible. The deductible is the sum of money you must pay before your insurance company begins to pay out on a claim. A low deductible means that you won’t have to pay as much money out of pocket if something happens to your business.
2. Coverage Limits
Another important thing to look for in a good commercial insurance policy is high coverage limits. Coverage limits are the maximum amount of money that your insurance company will pay out if you have a claim. Having high coverage limits means that you’ll be covered in the event of a major accident or disaster.
3. Covered Perils
When choosing commercial insurance, you’ll also want to make sure that the policy covers the types of perils that are most likely to occur in your business. Perils are the events or conditions that can cause damage to your property. Common covered perils include fire, theft, and wind damage. However, it’s important to note that different commercial insurance policies cover different perils. For example, product liability insurance will only cover damage caused by your products. It does not cover professional liability.
Now that you know what to look for in a good commercial insurance policy, it’s time to start shopping around! Armadillo Insurance Agency is a great option for businesses in Austin, TX. We offer competitive rates and comprehensive coverage. Contact us today to get started.