My Texas Business is Growing… Do I Need Different Insurance?

A Texas Business Insurance Review

Recently, small business owners were surveyed to help identify some of the top risks they faced when growing their businesses.  Many small business owners are unaware of the new, and increased, risks that come with growth.

New and increased risks faced by expanding businesses

As your business grows, your risks change.  It is beneficial for business owners to have an understanding of how risks change because of growth.

Contract disputes increase. Growing businesses often develop relationships without written agreements, resulting in disputes.

Increased employee litigation. When businesses hire new people, they sometimes overlook proper hiring practices.  This often leads to litigation.  Make sure your business has an employment practices liability policy.

Increase in worker injuries.  A greater workload leads to increased hours and the possibility of employee injury.  Your workers’ compensation policy will cover work related injuries.

Building damage. Often, growing businesses fail to pay attention to building maintenance, which can lead to all kinds of damage.  Read your property policy to make sure you do not void your coverage through lack of attention to safety issues.
At Heaton Bennett Insurance, we can design an insurance program package to meet your individual property and liability needs.  Our goal is to provide you with the best possible combination of coverage, price and service.

Choosing the right business or commercial insurance program for your business can be very confusing, so we have developed many different options and programs to meet the needs of our commercial insurance clients in the Austin area and throughout the state of Texas.
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