Herring Insurance Agency of Amarillo Logo

Business Insurance FAQ

Business Insurance FAQ
  • What insurance do I need for my business?
    Depending on the type of business you own, you could need one or more of these types of Insurance. Business liability insurance. This type of business insurance protects your company financially in the event of injury, property damage or other legal Workers' compensation insurance. Commercial auto insurance. Commercial property insurance. Business owner’s policy (BOP)
  • How much is small business insurance per month?
    You could generally expect to pay $100 or more per month for a Business Insurance Policy. The type of business and coverages needed will affect the actual cost.
  • Do I need business insurance for my LLC?
    LLCs don't require any special type of insurance, but LLCs with employees do have special insurance needs. Virtually every LLC needs a few types of insurance. General liability insurance protects a business owner from injuries, accidents or claims of negligence by clients and customers.
  • What is the best insurance for small business?
    The best type of policy would be a Business Owner’s Policy. A business owner policy (BOP) combines protection for all major property and liability risks in one insurance package. This type of policy assembles the basic coverages required by a business owner in one bundle. However, it is usually sold at a premium that is less than the total cost of the individual coverages. Coverages can vary with individual carriers A Business can often opt in for different coverage such as crime, spoilage of merchandise, forgery, fidelity, and more. A BOP typically does not cover professional liability, worker’s compensation, health, or disability insurance. These items would require separate policies.
  • Is business insurance a legal requirement?
    In many states it is legal requirement to carry business insurance.
  • Is it illegal to run a business without insurance?
    If it is a legal requirement it would be illegal to run a business without insurance, possible facing fines.
  • Who has the cheapest business insurance?
    Prices for business insurance generally varies by carriers. Some carriers specialize in a particular type of business insurance and generally could have a better rate for that type of policy
  • How do I get business insurance?
    An Insurance Agent will be able to answer your questions and help you get business insurance.

Herring Insurance Services

Home Insurance Auto Insurance Barndominium Insurance Farm Equipment Insurance Business Insurance Event Insurance Trailer House Insurance Renter's Insurance Vacation Rental Property Insurance Insurance FAQ's
Payments Claims Contact Us