A Texas Business Insurance Update
We live in a society where there are more lawyers than doctors. It seems that the typical response when someone is aggrieved by some action or inaction is to hire a lawyer and threaten a lawsuit. Most businesses can’t afford to be in court to defend every action. That is why commercial insurance is so important to your business. Our agency can offer a review of your business insurance coverage and educate you on your risks and how best to protect you and your company. These four risks are at the top of our list and should be on yours as well. Here are a few of the top risks your business may face.
Cyber Liability- Cyber liability is the risk posed by conducting business over the Internet, over other networks or using electronic storage technology. It covers third-party losses from hackers, theft, and loss of information including sensitive client or individual personal information.
Directors & Officers Liability- Covers costs, damages, and defense protection to directors and officers of a company resulting from lawsuits and judgments arising out of poor management decisions, employee dismissals, shareholder grievances and other such acts committed in good faith.
Employment Liability- Employment Liability provides protection for an employer against claims made by employees, former employees, or potential employees. It can cover discrimination (age, sex, race, disability, etc.), wrongful termination of employment, sexual harassment, and other employment-related allegations.
Professional Liability- Insurance that is designed to cover third-party claims, damages, and claims arising out of providing professional advice. Many firms create legal obligations arising out of a professional's errors, negligent acts, or omissions during the course of providing services to clients.
Heaton Bennett Insurance is an independent insurance agency, which means we represent many different companies so we can find the one that is right for you. We can shop your insurance for you and find the right combination of coverage, price, and service.