{"id":58,"date":"2022-11-30T04:00:00","date_gmt":"2022-11-30T10:00:00","guid":{"rendered":"https:\/\/www.ledfordins.com\/blog\/?p=58"},"modified":"2022-11-30T13:20:15","modified_gmt":"2022-11-30T19:20:15","slug":"commercial-insurance-protects-your-livelihood","status":"publish","type":"post","link":"https:\/\/www.ledfordins.com\/blog\/commercial-insurance-protects-your-livelihood\/","title":{"rendered":"Commercial Insurance Protects Your Livelihood"},"content":{"rendered":"

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.<\/span><\/p>\n

Commercial Insurance: Why You Need This Important Coverage<\/span><\/h2>\n

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.<\/span><\/p>\n

There are several types of commercial insurance you can purchase. <\/span><\/p>\n

The most common are:<\/span><\/h3>\n
    \n
  • General liability<\/span><\/li>\n
  • Professional liability<\/span><\/li>\n
  • Cyber liability<\/span><\/li>\n
  • Commercial auto insurance<\/span><\/li>\n
  • Workers’ compensation insurance for employees<\/span><\/li>\n<\/ul>\n

    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.<\/span><\/p>\n

    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:<\/span><\/p>\n

      \n
    • Accidents<\/span><\/li>\n
    • Ill or injured employees (includes access to lost income and rehabilitation programs)<\/span><\/li>\n
    • Lawsuits<\/span><\/li>\n
    • Property damage<\/span><\/li>\n
    • Professional errors and omissions (E&O)<\/span><\/li>\n
    • Theft<\/span><\/li>\n<\/ul>\n

      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.<\/span><\/p>\n

      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.<\/span><\/p>\n

      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.<\/span><\/p>\n

      Give Us A Call<\/span><\/h3>\n

      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.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

      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 […]<\/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-58","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\/58","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=58"}],"version-history":[{"count":1,"href":"https:\/\/www.ledfordins.com\/blog\/wp-json\/wp\/v2\/posts\/58\/revisions"}],"predecessor-version":[{"id":59,"href":"https:\/\/www.ledfordins.com\/blog\/wp-json\/wp\/v2\/posts\/58\/revisions\/59"}],"wp:attachment":[{"href":"https:\/\/www.ledfordins.com\/blog\/wp-json\/wp\/v2\/media?parent=58"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ledfordins.com\/blog\/wp-json\/wp\/v2\/categories?post=58"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ledfordins.com\/blog\/wp-json\/wp\/v2\/tags?post=58"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}