Ledford Agency LLC

1910 N Big Spring St
Midland, TX 79705

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Protect Your Livelihood with Commercial Insurance

Are you a business owner in the Midland, TX area? If so, protect your livelihood with the commercial insurance Ledford Agency LLC can provide.

Why Commercial Insurance?

Businesses need commercial insurance because it can help cover costs associated with liability and property damage claims. Without this coverage, a business owner may have to pay out-of-pocket for any damage or legal claims filed against the company. This could be financially destructive. In some cases, it can mean the difference between staying afloat or going under.

General liability insurance, referred to as commercial liability insurance, will cover the expenses of liability claims against your company. For example, if a client or customer falls and injures himself on business grounds, he could sue your company. Business liability insurance helps cover these costs.

Business income insurance will replace lost income if your business cannot operate because of a covered loss. This is the solution to meeting your payroll, paying your bills, and weathering the temporary shutdown of your business. For example, if a fire damages your company and it is closed during repairs, this coverage will replace lost income during the repair.

Workers’ compensation insurance offers financial support to those employees who are not able to work due to a job-related illness or injury. For example, if an employee receives a back injury while lifting a heavy piece of equipment, this coverage will pay for their medical expenses. 

Unemployment insurance offers benefits to employees who become displaced from their employment through no fault of theirs. 

In most states, a company with employees will need:

  • Disability insurance
  • Unemployment insurance
  • Workers’ compensation insurance

Covered risks under a commercial insurance policy include theft, workers’ lost wages if injured on the job, and more. If your company does not have this coverage, any costs will need to be paid out-of-pocket.

Reach Out To Us

Our team of insurance experts at Ledford Agency LLC in Midland, TX can answer questions or provide a quote. Contact us today.

Commercial Insurance Protects Your Livelihood

Are you a business owner in Midland, TX? Are your interests protected by commercial insurance? Let the insurance professionals at the Ledford Agency LLC provide the protection your company needs.

Commercial Insurance: Why You Need This Important Coverage

One of the most important aspects of a business operation is protecting it from financial loss. Being adequately prepared for a loss can mean the difference between remaining in business and having to shut your doors. The best investment you can make to avoid severe financial hardship is a commercial insurance policy.

There are several types of commercial insurance you can purchase.

The most common are:

  • General liability
  • Professional liability
  • Cyber liability
  • Commercial auto insurance
  • Workers’ compensation insurance for employees

Most small businesses would need a BOP, which combines business income insurance, business property, and business liability. A BOP protects the physical location of your business and its assets.

Just like home, auto, flood, or umbrella coverage, commercial insurance helps cover costs as a result of property damage and liability claims. Rather than protecting individuals, commercial insurance protects businesses against risks such as:

  • Accidents
  • Ill or injured employees (includes access to lost income and rehabilitation programs)
  • Lawsuits
  • Property damage
  • Professional errors and omissions (E&O)
  • Theft

If one of these happens and you do not have commercial coverage, the associated expenses could drain the resources of your business and you will have to close your doors.

Because all businesses are different, your commercial policy will be tailored to your business requirements. Basically, commercial insurance is relatively affordable. The average liability policy costs approximately $42 per month and only increases to $53 if property liability coverage is added under a BOP.

Bear in mind that what you pay for this coverage depends primarily on the business, location, annual revenue, and the number of employees. Don’t be without it.

Give Us A Call

If you want to start protecting your livelihood, contact the Ledford Agency LLC today. We are happy to serve business owners in Midland, TX and surrounding areas.

Do You Need Commercial Insurance for Your Business?

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.

Commercial Insurance Options for Online-based Businesses

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.

Understanding your commercial insurance options

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!

Commercial Insurance Guide To Help Texas Business Owners

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.

The Power of Great Commercial Insurance

Commercial insurance is a vital and powerful option that keeps companies safe. Thankfully, we at Ledford Agency LLC can provide you with the help necessary for your Midland, TX, and its unique commercial insurance needs. Here’s what you need to know about how these policies help you. The power of commercial insurance is high if you’re willing to work with your provider.

The Ways Commercial Insurance Helps You 

Commercial insurance is a unique type of policy that is set up expressly to help businesses. Its design is straightforward and is easy to understand for most business owners. Just a few of the most common coverage options that it can provide you and your company include:

  • Protect against loss of income due to any problematic instance 
  • Relocation costs if your facility is no longer usable after damage 
  • Problems with your equipment or property caused by outside forces 
  • Fire, hurricane, and storm damage that impacts your property 
  • Theft and loss caused by other people outside your business 
  • White-collar protection against various types of business crimes 
  • Hacking-related damages that may occur without expecting them 

This broad range of security is critical for business owners because it can provide them with the long-term help that they need to minimize various complications that they may otherwise experience. Just as importantly, it provides compensation to keep you focused on your future success.

Give Us a Call Today 

If your Midland, TX business needs a better commercial insurance policy and you want to work with a team that makes sense for your needs, please don’t hesitate to contact us today at Ledford Agency LLC to learn more. Our team will assess your needs and give you the insurance you need to feel protected. And we’ll give you the best chance of getting compensation due to various types of loss.

Why Texas Restaurant Owners Need Commercial Insurance

Ledford Agency LLC offers insurance coverage to the Midland, TX community and the surrounding areas. Providing good customer service to our clients is very important. We offer flexible policies to ensure that our clients are protected in emergencies. We are confident that we can help you find the coverage you need.

Texas Restaurant Owners Need Commercial Insurance

Starting a business is a significant investment. As you manage the day-to-day operations of your business, you also have to plan for potential emergencies. If you don’t have the necessary protection, one emergency can put everything you’ve worked for in jeopardy. Commercial insurance protects your business by giving you a support system to rely on if your business suffers a damaging event.

As a local Midland, TX restaurant owner, you supply a great service to the community. However, there are multiple instances where your business may be at risk of potential litigation. Commercial insurance protects your business against property damage, as well as your equipment. You are covered if your business is damaged due to an accidental fire or someone steals your inventory. Workers’ compensation is another important part of the policy. Your business is protected if one of your employees suffers an injury on the job. Workers’ compensation covers your employee’s treatment and rehabilitation to prevent potential litigation.

Liability coverage is the most significant part of the coverage. You’ll be protected if one of your customers slips and falls or alleges that your food made them ill. There are many risks associated with operating a restaurant, which is why liability coverage is so important.

Ledford Agency LLC Will Help You Protect Your Investment

Visit our website to learn more information about commercial insurance.

Who Gets to Mandate That a Company Carry Commercial Insurance?

If you run a business in Midland, TX, you may already know that there is no legal mandate saying that you need to carry insurance. There are some exceptions, of course. You can’t run a taxi service without insuring your cars, and certain businesses will be required to carry health insurance for their employees. But if you’re selling vintage clothing, it’s up to you whether or not you want to carry commercial insurance.

But it’s not always down to legality. Local, state, and federal lawmakers aren’t the only people who can insist that you carry insurance. Other people who have that power include:

  • Lenders
  • Partners
  • Shareholders
  • Suppliers
  • Distributors
  • Clients
  • Customers
  • Business associations
  • Landlords
  • Employees

Really, anyone you do business with can insist that you carry insurance because anyone can withhold their own participation until you buy a commercial insurance policy.

A landlord who rents you your commercial space, for instance, can insist that you at least carry a liability policy because if someone is injured on your premises and they find out that you’re not insured, they’re probably going to go after your landlord. Clients in service-based industries may insist that you are insured because they don’t want to be left holding the bill for a half-finished project if something goes wrong on your end.

Of course, it’s a good idea to carry commercial insurance even if nobody’s telling you that you need to. If you’re looking to get covered in Midland, TX, call Ledford Agency LLC, or get in touch through the Ledford Agency LLC website and see what they can do for you.

How Your Business Can Prevent a Data Breach

Many companies, large and small, retain customer information. Whether it is addressed, account numbers, social security numbers, or credit card information, your customers need to know their personal info won’t be leaked or stolen by hackers. The insurance company, Ledford Agency LLC, which serves the Midland, TX area, has agents that can help you with your commercial insurance needs.

Preventing a data breach is a serious concern for businesses operating online. You can do several things to protect your business from a destructive breach that cost you thousands or even millions of dollars, depending on the level of customer impact.

  • Keep only what you need. Purge your files regularly of things you don’t need to be stored on your drives. Shred paper documents that are no longer needed that contain customer information. Erase and discard CDs and portable drives with outdated information.
  • Only use up-to-date security software. Hackers are always trying to break through current security firewalls. Make sure that your software has the latest version to prevent unauthorized access.
  • Use a verification system. Having your employees use multi-factor authentication is a simple way to prevent someone from accessing their employee account. You must provide two or more pieces of evidence before you gain access to the system with multi-factor authentication. Evidence could include the name of your first pet, your favorite movie, or your mother’s maiden name.
  • Restrict internet usage. If your company has an intranet, then only allow access to that system. Prevent access to the internet or unauthorized sites. Give permissions to limited personnel who need supplemental access for their jobs.

Commercial insurance can’t help you prevent a data breach, but it can help you have one. A Midland, TX company, Ledford Agency LLC can offer commercial insurance information in case of a data breach.