As a real estate professional in San Antonio, TX, you spend your day helping people rent, buy, sell and appraise the property. You might find yourself in different situations on a regular basis, whether it’s in the field or preparing paperwork at the office. Sometimes, you may find yourself at risk and wonder what you can do to protect yourself and your assets. Your Access Insurance Services representative can walk you through the commercial insurance policies that would most benefit you. In the meantime, here’s some information to get going.
You might be wondering what would happen if an employee at your brokerage or appraisal service racks up medical bills due to a work-related injury. It could be due to human error or pure accident. A liability policy tailored to your business can help prevent legal and medical bills that can negatively impact your business.
The U.S. Small Business Administration states that general liability insurance protects your form legal issues resulting from injuries, accidents, and negligence.
Just as unforeseen events can lead to bodily injury and litigation, property damage risk can put your business in jeopardy without the right policy in place to protect it. General liability for your business acts as a homeowners policy. Your office and properties have valuable equipment that you need to stay in business, and you need to include this contingency when you build your commercial insurance policy with your insurance agent.
Professional liability is also known as errors and omissions coverage (E&O). It safeguards your real estate business against unintended errors and omissions. The Insurance Information Institute states professional liability insurance is needed to protect your assets against misrepresentation, negligence, fair dealing or good faith violations and consequent legal expenses.
Contact your Access Insurance Services representative today to discuss all your commercial insurance needs and to schedule an appointment for a quote.