{"id":52,"date":"2019-10-31T02:00:00","date_gmt":"2019-10-31T14:00:00","guid":{"rendered":"https:\/\/www.themainstreetagency.com\/blog\/?p=52"},"modified":"2019-10-31T15:29:15","modified_gmt":"2019-10-31T21:29:15","slug":"the-top-three-commercial-insurance-products-every-startup-needs","status":"publish","type":"post","link":"https:\/\/www.themainstreetagency.com\/blog\/the-top-three-commercial-insurance-products-every-startup-needs\/","title":{"rendered":"The Top Three Commercial Insurance Products Every Startup Needs"},"content":{"rendered":"<p>You&rsquo;ve put a lot of time, hard work, and money into starting your own Colorado or Texas business, and like most entrepreneurs, you&rsquo;ll likely face a lot of risks. When you take the leap with a startup, you need to protect your business assets, your employees, and your board members with crucial business insurance products. The following business insurance products are recommended by Main Street Independent Insurance of&nbsp;Ft. Worth, TX for every new startup.&nbsp;&nbsp;<\/p>\n<h3><strong>Comprehensive General Liability&nbsp;<\/strong><\/h3>\n<p>Most service contracts your new business enters will require a minimum comprehensive general liability coverage limit. Also known as CGL&nbsp;insurance,&nbsp;in&nbsp;the event of a claim against your company, this policy will cover your legal defense costs when facing claims such as:&nbsp;<\/p>\n<ul>\n<li>Property damage&nbsp;<\/li>\n<li>Third-party bodily injury&nbsp;<\/li>\n<li>Advertising injury&nbsp;<\/li>\n<\/ul>\n<h3><strong>Directors and Officers Coverage&nbsp;<\/strong><\/h3>\n<p>Also known as D&amp;O coverage, this policy covers events related to your board. There are three sides to this coverage; Side-A, which protects your startup&rsquo;s officers and directors from decisions they make that impact the company, also called &ldquo;wrongful acts.&rdquo; Side-B indemnifies a director or officer, compensating for defense costs, and Side-C protects your business from class-action or shareholder suits related to securities issues.&nbsp;<\/p>\n<h3><strong>Errors&nbsp;And&nbsp;Omissions&nbsp;<\/strong><\/h3>\n<p>Professional Liability insurance, also known as E&amp;O, covers the services your Colorado or Texas company provides. An E&amp;O policy protects your company and employees from claims made by clients or customers related to work that is unsatisfactory or careless actions. If your startup has clients, you need E&amp;O insurance coverage.&nbsp;&nbsp;<\/p>\n<p>If you are interested in learning about other types of business insurance products your startup might need, we have you covered. Give&nbsp;Main Street Independent Insurance in Ft. Worth, TX a&nbsp;call today to learn more.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You&rsquo;ve put a lot of time, hard work, and money into starting your own Colorado or Texas business, and like most entrepreneurs, you&rsquo;ll likely face a lot of risks. When you take the leap with a startup, you need to protect your business assets, your employees, and your board members with crucial business insurance products. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[5,7],"class_list":["post-52","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-ft-worth-tx","tag-main-street-independent-insurance"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.themainstreetagency.com\/blog\/wp-json\/wp\/v2\/posts\/52","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.themainstreetagency.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.themainstreetagency.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.themainstreetagency.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.themainstreetagency.com\/blog\/wp-json\/wp\/v2\/comments?post=52"}],"version-history":[{"count":1,"href":"https:\/\/www.themainstreetagency.com\/blog\/wp-json\/wp\/v2\/posts\/52\/revisions"}],"predecessor-version":[{"id":53,"href":"https:\/\/www.themainstreetagency.com\/blog\/wp-json\/wp\/v2\/posts\/52\/revisions\/53"}],"wp:attachment":[{"href":"https:\/\/www.themainstreetagency.com\/blog\/wp-json\/wp\/v2\/media?parent=52"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.themainstreetagency.com\/blog\/wp-json\/wp\/v2\/categories?post=52"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.themainstreetagency.com\/blog\/wp-json\/wp\/v2\/tags?post=52"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}