Business Insurance in Bedford, TX
Having the right insurance policies is vital in protecting your business’s finances against damages, lawsuits and liabilities. At Yale Financial Services, we’re dedicated to helping businesses get the coverage they need.
What Business Insurance is Required in Texas? 
Texas businesses are required to carry workers’ compensation insurance if they have a contract with the government. The policy must remain in effect until the contract is completed. Companies that use motor vehicles for business purposes must also retain a commercial auto insurance policy.
What Policies Should I Purchase for My Business?
Depending on your business’s needs, your broker may recommend the following policies in addition to these potentially required types previously discussed:
- Business interruption insurance can help pay for lost income if you must close your business temporarily due to a covered incident.
- Commercial property insurance can cover commercial space, furniture, inventory and tools. Some leases may require this policy.
- Cyber insurance can cover losses if your business is affected by a cyberattack or data breach.
- General liability insurance can be helpful if your business is liable for third-party advertising injury, bodily injury, personal injury or property damage.
- Professional liability insurance can cover your business if a customer files a claim of negligence against you.
How Much Does Business Insurance Cost?
The cost of business insurance policies may depend on numerous factors, including:
- Industry
- Location
- Company assets (e.g., real estate, inventory, furniture, vehicles, etc.)
- Employee driving records
- Prior claims
- Policy specifics (e.g., coverage limits, deductibles)
- Number of employees
How Can I Insure My Business?
Contact Yale Financial Services to learn more about your business insurance options or request tailored quotes.