Is Your Texas Business Insurance Keeping Up With Your Business?

A Business Insurance Update From Heaton Bennett Insurance Agency

Your business risk keeps changing, and you need a business insurance program that keeps up with your risks.  Your Texas business insurance is an important part of your risk management program. It is important to have the right insurance coverage, competitive pricing, and the right insurer.  It is necessary to update your commercial or business insurance coverage to insure your business can sustain a loss.

One of the biggest risks faced by businesses is the unintentional violation of laws and regulations. If you violate a law, or create a legal issue with another person or business, your business insurance may or may not respond.  We recommend that allow us to complete a review of your business insurance to make sure that you have the proper business insurance.

We also recommend that you develop a social media policy for your company.  It may be better to hire an outside firm to manage this risk.  Employees should be aware of the effect their actions may have on their images, as well as company’s image.  The information that employees post or publish may be public information for a long time.

Every business is at risk for a cyber breach. Even the White House recently experienced a cyber breach. Cyber breaches are now a fact of life, and every state now has mandatory requirements for data breach notification. Statistics show that 39% of all cyber incidents affect businesses with fewer than 100 employees.  If you store data, including private information on computers, use e-mail, generate revenue online, or use your computer to control production, manufacturing, or inventory, your company is at risk!

Today, almost any business can find itself facing a liability lawsuit.  Yet, many businesses do not even realize they have an exposure to professional loss.  A Management Liability lawsuit can put business and personal assets at risk, including the company’s assets, and even the personal possessions of the owners.  One simple mistake could cause financial devastation, as well as end your professional career.

At Heaton Bennett Insurance, having a workplace that is protected gives you extra security. As a Texas employer, you have an obligation to ensure a safe work place and the law requires a business to have Workers Compensation Insurance. Work Comp insurance can provide the coverage to protect you from those unpredictable occurrences. 
 
 
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