3 Types of Business Insurance You Never Knew Existed insurance agency in plano tx

Three Types of Business Insurance You Never Knew Existed

You love your business, so keep it safe by contacting your insurance agency in Plano, TX and asking about these policies you didn’t know you needed.

Most business owners have the standard liability, worker’s compensation, and commercial property insurance policies.  However, simply relying on these policies may mean that there are gaps in your coverage.  Learn about these three little-known types of insurance and contact your insurance agency in Plano, TX to discuss whether your business is covered.

1) Employment Practices Liability Insurance

This type of policy protects employers against employee claims such as discrimination, wrongful termination, harassment and so on.  Many large corporations tend to have a plan for dealing with employment lawsuits.  However, many small or new businesses are vulnerable to these claims.  If the claim becomes a lawsuit, Employment Practices Liability Insurance can cover legal defense costs for the insured.

2) Income Stabilization Weather Insurance

Most people are familiar with the insurance that covers natural disasters (hurricanes, earthquakes, tornadoes, etc.).  But did you know that there are also insurance policies that cover damage caused by less extreme weather?  Income Stabilization Weather Insurance covers profit lost due to bad weather conditions.  This type of insurance is particularly helpful for business that depend on foot traffic, or for outdoor businesses like ski resorts, golf courses, and restaurants.

3) Cyber Liability Insurance

Cyber Liability Insurance is a necessity for companies that handle much of their business through the internet.  This type of insurance protects businesses from losses caused by data breaches and covers the cost of customer notification and credit monitoring.  Some policies may also cover the losses resulting from business being interrupted due to a data breach.

Protecting against any possible dangers might be the difference between a thriving enterprise and failed company.  Look for the right business insurance policies for you by contacting the best insurance agency in Plano, TX.  The experts at Tri-Star Insurance Professionals are ready to help protect you and your business.