Business Insurance Big business protection and attention for smaller businesses regardless of size. At Beal Insurance, we strive to provide every business with the same quality coverages and service -- customized for each company's specific needs. We can help you save money on your Workers Compensation, Commercial Property and General Liability, Business Auto, Business Interruption (income replacement), Equipment Breakdown or any other coverages necessary. We will treat each business as unique and help you to acquire the most appopriate and competitively priced coverages available. Coverages Available Bonds Builder's Risk Business Auto Commercial Inland Marine Commercial Property Commercial Umbrella Equipment Breakdown (Steamboiler Policy) General Liability Professional Liability Worker's Compensation Special Programs Animal Services Program Bed & Breakfast Program Clothing Specialty Shops Program Dry Cleaner's / Launderer's Program Florist Program Internet Technology Program Mini-Storage Program Printer's Program Professional Liability Tanning Salon Program Hotel Program Frequently Asked Questions I'm just getting my business started. Do I need insurance immediately? Yes, because the chance of suffering a loss begins with the first day of business. You can't get help after the fact. If you suffer a loss and have no insurance or have improper or insufficient coverage, there is very little, if anything, your insurance agent can do to help you. You must be prepared for the risks that are inherent in any business and the losses, sometimes catastrophic, that they can cause. Also, many states and local jurisdictions require that businesses be insured to begin operating. And if you rent space for your business, your landlord probably requires that you be adequately insured as well. I don't have any major business assets. Why do I need insurance? Every business has some property. And, when you think about it, your business is your property. Just like your home and your car, your business needs to be protected from loss, damage and liability. In addition, your business is your source of income, so you need protection from the potential loss of that income. Generally, there are two types of insurance - property and liability. Property insurance covers damage to or loss of the policyholder's property. And if somebody sued for damages caused by you or your possessions (other than a vehicle covered by your insurance policy), the cost of the suit -- both defending it and settling it if necessary -- would be covered by your liability insurance. Does insurance coverage vary for different businesses? It can. Many small businesses are now insured under package policies that cover the major property and liability exposures as well as loss of income. A common package policy used by many small businesses is called the Businessowners Policy (BOP). Generally, these package policies provide the small-business owner more complete coverage at a lower price than separate policies for each type of insurance needed. Your agent can help you decide which policy or policies are right for your business. Additional coverage for property, liability or perils or conditions otherwise excluded (e.g., flood protection) can be purchased as endorsements to a standard policy or as a separate, second policy called a difference-in-conditions (DIC) policy. Because businesses vary, it is impossible to have a standard policy to cover all contingencies. Also, some businesses, regardless of their size, do not fit the profile of a standard businessowners policy. For example, restaurants, wholesalers and garages have special liability needs that are not met in the standard businessowners policy. Your insurance agent can advise you of the best policy (or policies) to protect you and your business. Please contact us for details or a quote. © 2007 | Beal Insurance, Inc. 1500 University Dr. East, Suite 101 • College Station, TX 77840 (979) 268-1500 - Phone • (979) 846-1979 - Fax