Test Your Business Insurance IQ

A Texas Business Insurance Update

We don’t expect you to be experts in business insurance, but we thought it might be fun to test you on what you do know about your business insurance. Business insurance is designed to cover unexpected losses. We can offer a wide range of business insurance options, so please call our office today.

Business Insurance Quiz (answers at the end)

1. Your deductible is the amount you are responsible for if a covered loss occurs.

True False

2. Flood and earthquake coverage are always part of your business property coverage.

True False

3. Cyber Insurance is protection against losses caused by hackers from businesses dealing strictly in e- commerce, but it does not exist.

True False

4. Business Interruption covers your lost income no matter what kind of loss closes your business.

True False

5. My employees are prohibited from suing me, as this would be a workers’ compensation claim.

True False

Whether you’ve just started a home-based business or your business is established and growing, Shepard Insurance Agency can help you protect your livelihood against the unexpected. We offer tailored programs for all types of businesses and professions in McAllen, TX, the entire Rio Grande Valley and the great State of Texas.

Call us at (956) 686-3888 or start a Free Quote. We can review your insurance requirements and create a portfolio to protect your assets and minimize your risk of loss.

Answers

1. True-

2. False- You need to add this coverage under a separate policy

3. False- Cyber insurance can be purchase by all business

4. False- Business interruption only applies to covered losses under the policy

5. False- Your employees have rights under federal and state laws to sue you if they feel they have been wronged. You would need employment practices liability insurance in order to protect you and your business from employee lawsuits.

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