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When it comes to business, there are a lot of things that you need to think about if you want to remain ahead of the game and keep your company afloat. One of the most important things you need is to get commercial insurance for your business. This might seem like an unnecessary expense, but if something happens to your business, you will be very glad that you have it.

Consult with Ledford Agency LLC in Midland, TX for expert insurance advice. 

Here are some reasons you need to get commercial insurance for your business:

1. To Protect Your Business From Liability

If something happens and someone gets hurt on your property or because of something that your business does, you could be held liable. This means that you could end up having to pay a lot of money in damages. If you have commercial insurance, your insurance company will cover these damages up to your policy’s limit.

2. To Protect Your Business Property

One of the most important assets for any business is its property. This includes the building that your business is located in, as well as any equipment or inventory that you have. If this property is damaged or destroyed, it can be very expensive to replace. Commercial insurance will help to ensure that you can replace this property if it is ever damaged or destroyed.

3. To Comply With The Law

In many states and municipalities, it is actually required by law that businesses have certain types of commercial insurance. For example, most businesses are required to have workers’ compensation insurance. You may also be required to have liability insurance if your business is considered to be high risk.

Contact Us Today

These are just a few of the reasons why you need to make sure that your business has commercial insurance. Ledford Agency LLC in Midland, TX can help you find the right policy for your business. Give us a call today to learn more about our services.

If you have an e-business, the risks might be slightly different from a brick-and-mortar business, but you still need business insurance. If you are wondering what kind of coverage you need for your e-commerce, you are in the right place because Ledford Agency LLC in Midland, TX is your trusted partner in all business insurance matters.

Here are the coverage options you need for your online-based business:

Cyber liability insurance

This coverage protects your business when there is a data breach. This coverage pays for notification costs, PR, and legal expenses when sued. Cyber liability coverage shouldn’t be confused with insurance for your computers and IT infrastructure. You need commercial property insurance for that.

General liability insurance

This coverage protects your business when sued for property damage, bodily or advertising injury. While this insurance isn’t mandatory, you should never ignore it because it saves your business significant financial losses.

Product liability insurance

If you sell goods, consumers can be harmed by your product. For instance, consumers could suffer from an allergic reaction after consuming your products. You need product liability coverage to cover medical costs and legal charges when faced with such claims.

Professional liability insurance

As an e-business, you could be an accountant, dietician, financial advisor, or IT specialist. If you offer professional advice, you should invest in professional liability insurance to cover you when sued for malpractice, missed deadlines, and incomplete work.

Commercial property insurance

You may not have a physical office, but your business could have invested in computer equipment and other assets. If you sell merchandise online, you probably have delivery vehicles, inventories, and warehouses. Invest in property insurance to cover your assets against damage and losses from fire, theft, natural disasters, and other perils listed in your policy.

Want to invest in business insurance in Midland, TX? Please contact Ledford Agency LLC for a competitive quote.

The team here at Ledford Agency LLC is available to help all of the business owners in the greater Midland, TX area with their insurance needs. Commercial insurance does not need to be confusing or overwhelming! Call us today and learn more about this important way to protect your business.

Commercial insurance options in our area

When it comes to owning a business, there’s a lot to keep track of! Having the right commercial insurance policy in place should be at the top of your list. This important tool to protect your hard work can make a huge difference in the success and longevity of your company.

There are a number of different considerations that go into choosing the right policy for your needs. Whether you have an expansive fleet of commercial vehicles, a substantial amount of inventory, or expensive equipment and technology, it’s important to find a policy that best meets your needs.

Sitting down with a local agent is a great first step when it comes to reviewing commercial insurance policy options. They can review your entire business and help you determine which level of coverage is appropriate and what features you need the policy to contain.

In fact, we recommend that all of our commercial clients do a thorough review of their entire insurance portfolio at least once a year. When you have the right insurance coverage in place, you can focus on your business. We all know how important insurance is when it comes to keeping our business safe.

Let us help you protect your business

Give the team at Ledford Agency LLC a call today and set up an appointment to discuss protecting your Midland, TX area business. We are proud to serve the insurance needs of our business community!

Ledford Agency LLC serves the Midland, TX community, as well as the surrounding areas. We help our clients find the coverage they need to navigate life’s risks. We work with multiple carriers throughout the South. This allows us to offer multiple types of policies so that our clients are protected in any situation. We look forward to assisting you.

Commercial Insurance Guide To Help Business Owners

The Midland, TX community relies on the success of strong businesses. As a local business owner, you are constantly searching for ways to stand out from the competition. Commercial insurance helps protect your business while also giving you a competitive advantage. Commercial insurance covers your property if it is stolen or damaged. This gives you peace of mind that you will not have to start over if your property is damaged due to a fire or a natural disaster such as a hurricane. It is a good idea to take inventory of your equipment. Liability coverage is also important. Your business is covered if one of your customers suffers an injury while visiting your property or if they allege that your products caused them harm. If you rely on vehicles to complete some tasks, you will need commercial auto insurance. Commercial auto insurance covers your vehicles if they are damaged in an accident.

Consider the benefits of worker’s compensation. You rely on your employees to complete tasks and help your business function properly. Worker’s compensation helps you take care of your employees if there is an issue in the workplace. This also protects your business against possible legal action.

Ledford Agency LLC Will Help You Protect Your Assets

Visit our website to learn more information about commercial insurance.