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Small Business Insurance in Greenville TX & Royse City TX

Your small businesses needs many types of coverage in order to adequately secure itself against losses in the event of certain common business casualties. Common elements of small business insurance include:

  • General Liability Insurance: This policy covers a business against claims arising from problems like libel, slander, medical expenses, property damage, medical expenses, and the cost of defending against a lawsuit.
  • Product Liability Insurance: If you deal with a product - whether it's manufacturing, retailing, wholesaling, or just distributing it - you may be responsible for keeping it (and people in the area around it) safe. The amount required depends mainly on the products involved - the larger and/or heavier the products are, the more coverage is needed.
  • Professional Liability Insurance: Similarly, if you provide any kind of professional service, you may need coverage for errors, malpractice, and negligence. Some companies are required to have this type of coverage (especially, though not exclusively, those in the medical field).
  • Commercial Property Insurance: If your small business owns any kind of physical property (an office, a retail store, a warehouse, etc.), this coverage insures it against a wide variety of natural and man-made forms of damage. If your business is particularly vulnerable to a certain type of damage (flooding, vandalism, etc.), you may need additional coverage for that specific problem.
  • Home-Based Insurance: If you're running a business from your home, then your homeowner's insurance probably doesn't cover any of your business operations. You may need to purchase additional coverage separately, or as an extension of your existing plan. Speak to a Get A Policy Insurance Services agents to find out.

Many other industry-specific forms of coverage are available. For more information about what policies are the most important for your business, talk to one of our agents and ask for a full risk assessment. You can research forms of insurance through reputable sources—this information is available for free online, courtesy of groups like the National Association of Insurance Commissioners.

Insurance Requirements for Small Business

All small businesses are required to have Workers' Compensation, Unemployment Insurance, and sometimes Disability Insurance. Other requirements for small business insurance vary by industry, as well as local, state, and federal law.

What constitutes a small business?

The exact definition of a small business varies by industry, but according to the Small Business Administration, it's usually 500 employees or less for mining or manufacturing, and $7.5 million or less in revenue for other industries. Note that there are many exceptions to this rule, and they are listed in detail on the Small Business Administration's website.

 

1. "Insure U Get Smart About Insurance." Accessed April 14, 2016. http://www.insureuonline.org/smallbusiness/.

2. "Insurance Requirements for Employers." The U.S. Small Business Administration | SBA.gov. Accessed April 14, 2016. https://www.sba.gov/managing-business/running-business/insurance/insurance-requirements-employers.

3. "Summary of Size Standards by Industry Sector" The U.S. Small Business Administration | SBA.gov. Accessed April 14, 2016. https://www.sba.gov/contracting/getting-started-contractor/make-sure-you-meet-sba-size-standards/summary-size-standards-industry-sector.

Federal income tax laws are complex and subject to change. Neither Nationwide nor its representatives give legal or tax advice. Please consult your attorney or tax advisor for answers to specific questions.

Our Location

Get A Policy Insurance Services

6305 Wesley Street, Suite 103
Greenville, TX 75402
Main office: 903-686-9545
Toll free: 888-748-1930
Fax: 888-902-1936

Our Providers

Testimonials

After 19 years of being with State Farm they decide to raise my rate 18% and I thought that was ridiculous. I turned to www.getapolicy.com and they insured my home for $308.00 less than I was paying with State Farm before my renewal. Gotta Love That! Special Thanks To Get A Policy.

R. Johnansen
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Thanks for saving our family $36.00 a month on our auto and renters insurance. We can use the extra money.

Aaron W.
I just wanted to let you know that the major repairs to my house have been completed. I had to talk to my inside property loss specialist several times because the final invoices and the proposals were not matching. Also more work and money needed. After 3 checks – all invoices were paid in full. I was expecting a huge hassle to recover the money but much to my surprise Safeco was very easy to deal with. A big Thank You to you as well. I can breath easier now. Happy Holidays!

Tammy H.
Just wanted to take a moment and THANK YOU again for PROACTIVELY going into my policy to look for discounts before we renewed. You saved us almost $100.00 a month and that is a lot for a family with 5 cars and 3 kids in College. We sure do appreciate how you take care of us with this personal touch.

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