4 INSURANCE GAPS FOR BUSINESSES

Our agency insures many businesses of all sizes. When working with new clients, we are often surprised to find that many businesses are not fully educated about some very important coverage and risk management techniques that could be critical to their operation. So, based on our experience, we would like to share with you our 4 Insurance Gaps for Businesses that we consistently see in our reviews that could cost your business substantial monies.

Below are the areas where we find either:

  • No Coverage or Action
  • Very limited coverage

Cyber Insurance– almost every business is dependent upon computer technology. Therefore, these businesses have exposures such as but not limited to: being hacked, passing along a computer virus to someone else, having one’s identity stolen, liability from having a website and all the notification expenses that are incurred should one of these events occur. There are no industry standardized forms so each policy can provide or leave out important coverage

Employment Practices Liability– provides coverage for allegations and claims involving sexual harassment, wrongful termination and discrimination. There are no industry standardized forms so each policy can provide or leave out important coverage

Property Coverage– property coverage seems simple, but over the years we have been amazed at how property values are evaluated and the types of forms being used to insure the Building and Business Property thus resulting in partial or no coverage.

Policies and Procedures– this is the proactive side of insurance. This includes such items as employee manuals, safety manuals and HR procedures to just name a few. Many businesses have them but fail to update them and use them as living documents in the business.

We all know that premium prices drive many of the buying decisions, but what if the lower premium doesn’t provide the coverage?

The Shropshire Agency will help you review your exposure to these and other threats to your business. Call us at 806.763.7311

Visit our Commercial Lines insurance page for more help for your company.

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A very personable experience ANY time I have a question or need assistance. I couldn't ask for better!
Admin DMCo
Admin DMCo
All of the staff are great! Very helpful and answer any questions or concerns!!!We are very pleased and highly recommend Shropshire AgencySteve and Dixie Stewart
Dixie Stewart
Dixie Stewart
Very efficient, professional, pleasant attitudes to be around.It's making an unpleasant restoration so much easier to handle.
Judy Kelly
Judy Kelly
Great people, great service
bill hillstrom
bill hillstrom
Great service and always available to answer our questions!
Lester Mills
Lester Mills
It is a very top notch helpful business. They are there for their customers.
Cheryl Crabtree
Cheryl Crabtree
I've been doing business with the Shropshire Agency for many years. They have taken great care of our family. I appreciate that they review our policies with us each year and make sure we are getting the best coverage for the best rates.
Tameisha Bolen
Tameisha Bolen
With me every step of the way! Highly trusted agency, going above and beyond to ensure home security. Thank you!
Kathleen Phelan
Kathleen Phelan
Great team to work with! 😃
Cindy Robinson
Cindy Robinson
I've been with The Shropshire Insurance Agency since the mid 1970's and they have always been there for me when needed. They are a stellar agency!
Debe Snedigar
Debe Snedigar
Great Staff
Dan Lassiter
Dan Lassiter
I have been with this Insurance agency for years. They work very hard to make sure I have the right information when I need it. I am a small company, but they treat me like I am there only client. Great people, Great Service and Great knowledge of the insurance market and I would recommend them to anyone.
Alan Berger
Alan Berger
Jeff and his staff have been wonderful in helping me both with personal coverages as well as for my business. Coverages are priced very competitively with better coverage than before.
Chris Powell
Chris Powell
The Shropshire Agency has handled our business insurance for years and we appreciate all their hard work to keep us covered as we should be. They always go the extra mile and are very courteous and professional. I highly recommend them.
Connie C.
Connie C.
I have my home and autos insured through the Shropshire Agency and have for many years. I truly appreciate the professionalism and responsiveness that I consistently experience. Trusted team of people to work with and I highly recommend.
David McCulley
David McCulley
Shropshire handles the insurance needs of Shannon Sound & Lighting very well.
NMN Shannon
NMN Shannon
Jeff is awesome. He listens to what your concerns and needs are and tailors everything to exactly what you need to have peace of mind.
Jon Live Life Well Clinic
Jon Live Life Well Clinic
Great people to deal and do business with
Glenn Estes
Glenn Estes
Great people. They are able to shop through several different insurance companies to find the best deal to suit you personally.
Logan Shelburne
Logan Shelburne
Thank You, Chuck S.
Chuck Sudduth
Chuck Sudduth
Jeff has been great to work with for our business insurance. I started a new business in Lubbock and he was with us every step of the way. The staff at Shropshire Agency has the best communication for any policy from start to finish. Don't waste your time with anyone else, they cover auto and home as well!
Lubbock Cleaning Solutions
Lubbock Cleaning Solutions
The Shropshire Agency has covered my business for the last 8 years. They are very thorough and go through my policy every year and have the ability to shop the policy to get the best prices. Great agency!!
Katrina Kohnle
Katrina Kohnle
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