Getting Ready to Start Your Business in Plano Frisco and North Dallas With Commercial Insurance

On a laundry list of expenses for starting a new business, insurance can be one of the most costly items if you don’t know what kind of coverage you need. Tri-Star Insurance Professionals, Inc. in North Dallas, Plano and Frisco gives the right advice and personal service for all of the types of insurance that may be needed for a new business, including a certificate of insurance (COI). A COI is just a document used to verify that a business is insured.  As an independent agency, Tri-Star can get you the best available insurance rates for your new business.

If you’re thinking about starting a new business, researching insurance options beforehand is a smart move so that you get covered and get going. Always plan ahead for the unknown and make sure you are adequately covered for any bumps along the way that you may encounter. For every business, a certificate of insurance showing adequate commercial insurance must be shown prior to signing a lease for your new business, and/or before working with certain vendors. Commercial insurance is available in the following areas:

Property

This type of commercial insurance covers an insured party who has suffered a financial loss due to the destruction of a business property by fire, explosion, storm, riot, vandalism, sinkhole collapse and more. Any item that has cash value and is considered real or personal property is covered. Real property covers land and buildings, while personal property covers objects and belongings.

Liability

A commercial liability insurance policy provides protection in the event that a third party suffers bodily or property damage when you are legally responsible. Common risks such as customer injuries and accidents are covered as well as advertising injury and damages arising out of products sold by the insured. In addition to covering medical expenses, commercial liability provides supplemental payments for court costs and attorney fees in the event of a lawsuit. Even if you have a personal umbrella policy, business-related liability is usually excluded.

Auto

If your business uses company cars, trucks, vans or trailers to get around then you will need to be covered in an accident or if the vehicle is stolen. This form of coverage differs from a standard auto insurance policy because the name of the business appears on the policy versus your own name. There are also several technical differences between the two kinds of policies. However, the same kind of coverage applies such as liability, comprehensive and collision, medical and uninsured motorist.

As your business is your lifeblood you need to make sure you do not suffer financial ruin in the event of a disaster. Tri-Star can help you rest easy knowing that you and your business are safe. For more information about commercial insurance contact Tri-Star Insurance Professionals, Inc. at 214-387-0600 or visit them online at www.tristarins.com. Protect your venture today with quality business insurance!