Why do I need Business Insurance?
If your looking to obtain business insurance then continue reading this article to help you find the best way to obtain business insurance. Your business insurance covers you against the unexpected costs associated with running a business. If you don’t have the right insurance, you could lose your business due to lawsuits, natural catastrophes, or accidents.
Choose the type of insurance that you require for your business
You get limited protection from lawsuits by choosing a company structure such as a limited liability corporation (LLC), or a corporation.
Insurance for business can help you to protect your business assets from unanticipated catastrophes.
You might be legally required to buy certain types of business insurance in some cases.
Every business that employs workers must have workers’ compensation, unemployment insurance, and disability insurance.
Additional insurance may be required in some states. Additional insurance may also be required by some states. Check your state’s website to find out which requirements apply to your company.
There are six types of business insurance that are most commonly used.
Once you have purchased the insurance required by law, insurance can be found to cover any business risk. You should always insure yourself against risks that you aren’t able to pay.
Talk to an insurance agent to determine the right coverage for your company. Also, compare prices and terms to get the best deal. These are the six most common types of business insurance you should look for:
General Liability Insurance, Product Liability Insurance, Professional Liability Insurance, Commercial Property Insurance, Home-Based Business Insurance, Business Owners Policy.
Here are four steps to get business insurance
- Evaluate your risks. Think about the potential damage that accidents, natural disasters or lawsuits could cause to your business. Commercial property insurance can help protect your business from losses caused by seasonal events like hail storms or fire.
- Locate a trustworthy licensed agent. Commercial agents can help you to find policies that meet your business’s needs. Insurance companies pay commissions to licensed agents when they sell policies. It’s important that you find an agent who is as interested in your business as theirs.
- Browse. Prices, benefits and terms can vary greatly. Compare rates, terms, benefits, and other information for insurance offers from multiple agents.
- Every year, re-assess. Your liabilities increase as your business expands. Your insurance agent should be contacted if you have expanded your operations or purchased new equipment.
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What We Can Do For You
Burke Texas Acquisitions is able to perform a formal business appraisal for any business. Our firm is a leading provider of services in the Texas lower mid-market. Our clients are valued between $1 million and $50 million, and come from many industries. Burke Texas Acquisitions has assisted Texas companies in securing financing for all types, including equity financing, mezzanine financing and factoring receivables. We have the expertise to solve any type of financing problem.
Our success rate is 90% and we always provide the best value and transition possible for your business.
integrity and trust
We won’t let you down when it comes to selling your business. We always work for your best interests.
Your privacy is important to us. We protect our clients and maintain strict confidentiality.
From Our Founder
Proven Advisory Firm
The chances of closing a successful deal are dramatically increased when you work with qualified, experienced business brokers/advisors. Our business brokerage is a top choice in the Texas area. We have a track record of closing deals. For over a decade our group/partners have closed more than 200 transactions.
- Business Planning
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Platinum Package (New business complete setup)
Certificate of Formation
Certificate of Filing
Virtual Office with Physical address and Mail forwarding
Complete Website and Email setup
SEO: Search Engine Optimization
Complete Social Media Package
Graphic Design complete Logo’s and branding
Access to a (30 second promo video @ 1/2 Price)
Federal EIN setup
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Required Corporate Documents:
Article of incorporation
(For Company Purchases)
LLC monthly Minutes
Standard By Laws
Operating Agreement (Outline)
(1) DBA set up
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