{"id":16,"date":"2021-02-26T04:00:00","date_gmt":"2021-02-26T10:00:00","guid":{"rendered":"https:\/\/www.ledfordins.com\/blog\/?p=16"},"modified":"2021-02-26T18:14:37","modified_gmt":"2021-02-27T00:14:37","slug":"who-gets-to-mandate-that-a-company-carry-commercial-insurance","status":"publish","type":"post","link":"https:\/\/www.ledfordins.com\/blog\/who-gets-to-mandate-that-a-company-carry-commercial-insurance\/","title":{"rendered":"Who Gets to Mandate That a Company Carry Commercial Insurance?"},"content":{"rendered":"<p>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&#8217;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&#8217;re selling vintage clothing, it&#8217;s up to you whether or not you want to carry commercial insurance.<\/p>\n<p>But it&#8217;s not always down to legality. Local, state, and federal lawmakers aren&#8217;t the only people who can insist that you carry insurance. Other people who have that power include:<\/p>\n<ul>\n<li>Lenders<\/li>\n<li>Partners<\/li>\n<li>Shareholders<\/li>\n<li>Suppliers<\/li>\n<li>Distributors<\/li>\n<li>Clients<\/li>\n<li>Customers<\/li>\n<li>Business associations<\/li>\n<li>Landlords<\/li>\n<li>Employees<\/li>\n<\/ul>\n<p>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.<\/p>\n<p>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&#8217;re not insured, they&#8217;re probably going to go after your landlord. Clients in service-based industries may insist that you are insured because they don&#8217;t want to be left holding the bill for a half-finished project if something goes wrong on your end.<\/p>\n<p>Of course, it&#8217;s a good idea to carry commercial insurance even if nobody&#8217;s telling you that you need to. If you&#8217;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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;t run a taxi service without insuring your cars, and certain businesses will be required to carry health insurance for their employees. But [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[6,5],"class_list":["post-16","post","type-post","status-publish","format-standard","hentry","category-commercial-insurance","tag-ledford-agency-llc","tag-midland-tx"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.ledfordins.com\/blog\/wp-json\/wp\/v2\/posts\/16","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ledfordins.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ledfordins.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ledfordins.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ledfordins.com\/blog\/wp-json\/wp\/v2\/comments?post=16"}],"version-history":[{"count":1,"href":"https:\/\/www.ledfordins.com\/blog\/wp-json\/wp\/v2\/posts\/16\/revisions"}],"predecessor-version":[{"id":17,"href":"https:\/\/www.ledfordins.com\/blog\/wp-json\/wp\/v2\/posts\/16\/revisions\/17"}],"wp:attachment":[{"href":"https:\/\/www.ledfordins.com\/blog\/wp-json\/wp\/v2\/media?parent=16"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ledfordins.com\/blog\/wp-json\/wp\/v2\/categories?post=16"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ledfordins.com\/blog\/wp-json\/wp\/v2\/tags?post=16"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}