Who will require me to have commercial insurance

If you own or manage a business, there are many very important business decisions that you have to make on a daily basis. One decision that is very important is when you decide on what type of commercial insurance to get. When you are looking for your next insurance policy, it is important to consider what your requirements are. You could be required to carry commercial insurance with a variety of different organizations. 

Lender

In many situations, a business may have to take out a business loan in order to fund working capital, inventory or purchase certain equipment. In almost all situations, the lenders will require that you carry commercial insurance on your business to ensure that you are properly protected. Some types of coverage they will want you to have will include liability, workers compensation, and even property coverage.

Customers

Depending on the type of work that you do, your customers may also require that you have commercial insurance in place. Whenever you are doing work for a customer, especially if you are a contractor doing work on a customer’s home, a client will want to make sure that you are properly protected in the event in an accident takes place. In many situations, the customers may require that you provide them with a copy of your insurance before you start any work. This coverage will also ensure that you are protected in the event you are sued due to negligence.

If you are looking for commercial insurance in the Huntington, TX area, you should contact Integra Insurance Services. The Integra Insurance Services organization excels at helping Huntington, TX area businesses better understand their insurance needs. They can then also help you get into a great policy that ensures you stay in compliance with all requirements.