Business Owners Insurance
Business Owners Insurance: Comprehensive coverage for your property, guests, offering protection and peace of mind so you can focus on operations knowing your business is secure.
Specialized expertise covers your business's unique risks and compliance mandates.
Drawing upon our four decades as trusted insurance partners for business owners, our expert advisors deeply understand operational and liability risks across industries. We take a collaborative approach working closely with you to develop tailored solutions safeguarding against risks like premises liability, professional errors, product recalls, and cyber threats while anticipating regulatory changes. Our proactive commitment ensures comprehensive protection persists as your successful business grows its workforce, locations, and client base.
Certified insurance experts with deep knowledge of all business industries from small startups to large corporations. By actively tracking evolving regulations, safety standards, and emerging risks, we maintain a proactive stance for identifying and mitigating threats. This specialized expertise equips your policy with comprehensive safeguards against data breaches, employment practice liabilities, and product-related lawsuits.
Going far beyond basic insurance, we offer tailored solutions for businesses. Coverages span from property damage to professional liability, from cyber risks to commercial auto, affording full protection with no vulnerabilities for your operations.
Hear from our customers
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Have been a client for almost 7 years. Kristina catches the phone on the first ring, makes me feel like I am the most important call of her day and always goes the extra mile to meet my needs or solve my problem. She is a keeper!!! She makes TWFG Khan Insurance Services better!!!!
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My Company CDS Protective Services LLC was in need of insurance and I was so frustrated that other companies had not getting back with me. I called Kristina on a late afternoon and had it all taken care of by the next morning. Kristina was knowledgeable and explained everything to me on the phone.
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Our company was in need of insurance and we were frustrated through other companies not getting back with us. I called Sameer on a late afternoon and had it all taken care of by 11:00 the next morning. He was knowledgeable and explained everything on the phone.
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TWFG Khan Insurance Services assisted our small family owned trucking company with commercial insurance in our first year of business. They were able to get us with the best company that would provide us a policy with the lowest rate. Not only that but their staff provides the most exceptional service, especially Chandler Bennett.
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Comprehensive professional protection, tailored to your industry's unique risks and compliance needs.
• Covers buildings and contentsfrom fire, storms, theft, vandalism e.g. offices, warehouses, inventory
• Protects important business equipmentlike computers, machinery, furniture from covered perils
• Reimburses costs of rebuildingor repairing damaged property after covered events
• Provides reimbursement for temporary relocationduring rebuilding or repairs from covered losses
• Shields against third-party claimsof bodily injury, property damage, advertising injury
• Covers legal defense costsand settlements from covered liability claims
• Provides product liability protectionfor products manufactured, sold or distributed
• Safeguards against personal injury claimslike slander, libel, false arrest, discrimination
• Replaces lost income and profitsif operations are suspended after covered event
• Covers operating expenses like payrolland other fixed costs during shutdown
• Reimburses extra expenses incurredto temporarily relocate or maintain operations
• Provides contingent coverage for disruptionsat suppliers' or receivers' properties
• Covers vehicles owned or leasedfor business use like delivery vans, trucks
• Provides liability protection for accidentscausing bodily injury or property damage
• Offers coverage for hired or rentedvehicles used for business purposes
• Reimburses medical payments for driversand occupants injured in accidents
On average, Business Owners Insurance costs around $1,000 annually; however, individual premiums vary based on several factors:
Higher premiums apply to firms located in disaster-prone areas or catering to high-risk industries like construction or manufacturing.
Policies with greater liability limits to cover potential lawsuits or errors demand higher premiums compared to basic coverage.
Firms with more staff and higher payrolls face increased premiums due to the elevated risk of worker-related claims.
Businesses with a track record of fewer claims and robust risk mitigation practices qualify for discounted premiums.
Premiums rise as coverage needs increase for companies with greater physical assets like buildings, equipment, or inventory.
Frequently Asked Questions
Quick answers to questions you may have. Can’t find what you’re looking for? Contact us here.
Business owners insurance typically includes property coverage, liability protection, and business interruption coverage. Property coverage insures your building, equipment, and inventory. Liability coverage protects against third-party claims for bodily injury, property damage, or advertising injury. Business interruption coverage replaces lost income if your operations are interrupted due to a covered loss. Coverage limits, deductibles, and exclusions apply, so review your policy carefully.
Many business owners policies offer optional employee dishonesty coverage that protects against financial losses from employee theft, forgery, or fraud. This endorsement typically has specific limits and deductibles. It's crucial to implement internal controls, conduct background checks, and maintain proper documentation. Employee dishonesty coverage can provide valuable protection, but it's not a substitute for robust risk management practices.
To ensure adequate inventory coverage, you'll need to accurately value your inventory and update your insurer regularly. Most policies cover inventory at its actual cash value, but you may be able to purchase replacement cost coverage. Keep detailed records, conduct periodic inventory audits, and notify your insurer of any significant changes. Consider additional endorsements like spoilage coverage for perishable goods or off-premises coverage for inventory in transit.
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For over a decade, TWFG Khan Insurance Services has been the trusted partner for businesses across Texas and neighboring states. We specialize in complex insurance solutions for maritime, oil & gas, and construction industries where standard coverage isn't enough.
Don't let gaps in coverage put your business at risk. Our team of specialists will work with you to create a comprehensive protection plan that keeps your business secure and compliant.
Join the hundreds of businesses who trust us with their most critical insurance needs.
