General Liability Insurance Austin





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Published on Mar 7, 2014

The Insider's Guide to Buying General Liability Insurance in Texas
(512) 828-4200

Buying business insurance can be a confusing process. Are all policies the same? How do you know which is the right one for you? Should you just buy the cheapest one? Add to this the fact that, if you buy the wrong policy, not only will you pay a lot more on the front end, but you could have inadequate coverage, or the wrong coverage, which could result in claims not being paid. And worst case scenario, you going out of business.

Insurance policies are simply contracts. Each has different terms, conditions and exclusions. But short of getting an insurance license (or having no life, and reading insurance contracts from morning till night) how do you know you're making the right decision?

Here are a couple of the issues you may need to be aware of:

1. The price on the quote isn't always the price you end up paying. The premium on the quote is an estimated premium; these policies are all audit-able. And if the premium basis used to calculate your premium is either wrong, or changes, then you could be left with a big surprise at the end of the policy period.

2. 67% of businesses who experience a major loss, such as a fire, unexpected lawsuit, or a dispute with a disgruntled employee, go out of business within 2 years, and these are companies with business insurance. So, how does that happen? There are many reasons, but business insurance is a very complex subject. I know that, if I needed brain surgery, I'm going to go to a brain surgeon and not a general practitioner.

These are just a few of the issues you need to know before securing business insurance. The good news is that you can download a free report, "The Insider's Guide to Buying General Liability Insurance in Texas." This will help you cut through the noise, and make the right decision.



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