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Investing in Business Insurance

According to local entrepreneur, Jay Uribe, there is never a “perfect” time to start a company. He advises future entrepreneurs to begin the process, work hard and surround themselves with a strong team.

Accidents are bound to happen — and problems like property damage, liability lawsuits, and cyber breaches can be expensive to solve without proper coverage. Safeguard your business with an insurance plan that’s tailored to your needs as an owner. 

Selecting the Appropriate Coverage

Keep day-to-day operations running smoothly with insurance solutions specific to your business. With so many options available (and requirements that vary between states and business contracts), you may want to consult an experienced insurance agent for guidance. 

Buying Business Insurance

1. Evaluate Your Risks 
What could possibly go wrong? Consider all the potential risks (e.g. cyber breaches, natural disasters, or workplace accidents) that could derail your business.

2. Find an Agent
Remember that commercial insurance agents receive a commission for policy sales, so make sure to find one equally attentive to the needs of your business. Your agent should assist in providing resources to help prevent losses.

3. Comp Shop
Assess offers from a number of agents to get a complete picture of how the various rates, terms, coverages, and services compare. Agents can be especially helpful in identifying any potential gaps in coverage.

4. Evaluate Your Risks (Again) Each Year
Growth and escalating risk go hand in hand, so continue to be mindful of changes or unexpected costs. Your agent can help you determine how those issues impact your business insurance. 

Ready to get started? Click below to download your Build Your Business Blueprint.


Insurance Type Business Type Coverage

General Liability Insurance

Any business

Protects against financial losses due to bodily injury, property damage, medical expenses, libel, slander, defending lawsuits, and settlement bonds or judgments.


Any business

Protects against breaches of confidential information (either physical or electronic).

Professional Liability Insurance

Service providers

Protects against financial losses due to malpractice, errors, and negligence.

Commercial Property Insurance

Business with considerable property and physical assets

Protects against loss and damage of company property due to events like fire, smoke, wind and hail storms, civil disobedience, and vandalism.

Also available: Additional coverage for loss of income resulting from a covered loss.

Business Owner’s Policy

Small business and home-based businesses

Package combines all typical coverage options into one bundle, simplifying the buying process and saving you money.


Growth Can Challenge Your Employees

Having systems in place to grow strategically is key to long-term success, says local business owner Ned Stagg who owns 35 McDonald’s restaurants in San Antonio. Ned focuses on business metrics to detect growth opportunities and make informed decisions about them.

Listen to Ned’s preparation for opportunity in his episode of the San Antonio Business Heroes podcast. 

The opinions expressed in the “San Antonio Business Heroes” are solely those of the interview subject and do not necessarily reflect any position or opinion of The Bank of San Antonio. The advice in each interview is given for general purposes only and may not apply to your particular situation.