Top 5 Mistakes to Avoid When Buying Commercial Insurance

Choosing the right commercial insurance policy is one of the most important decisions any business owner can make. The right coverage protects your assets, reputation, and employees, while the wrong choices can leave you exposed to costly risks.

At MAKZ Insurance Agency LLC, we help Texas businesses navigate the complexities of insurance every day. Here are the top 5 mistakes to avoid when buying commercial insurance:

1. Underestimating Your Coverage Needs

Many business owners try to save money by purchasing the minimum required coverage. Unfortunately, this can backfire if your policy doesn’t fully protect you against common risks such as property damage, liability claims, or business interruptions.

Tip:

Work with a licensed agent who understands your industry and can recommend appropriate coverage limits based on your unique risks.

2. Overlooking Industry-Specific Risks

Every industry faces different risks—what’s essential for a retail store may be very different from what a contractor or restaurant needs. Standard policies may leave gaps if you don’t account for the specific exposures in your line of work.

Tip:

Ask about endorsements or specialty policies tailored to your business type, such as cyber liability, professional liability, or equipment breakdown coverage.

3. Focusing Only on Price

While keeping costs manageable is important, the cheapest policy isn’t always the best. Low premiums can mean high deductibles, limited coverage, or exclusions that leave you vulnerable when you need protection most.

Tip:

Compare policies not just on price, but on:

• Scope of coverage

• Claims service

• Financial strength of the insurance carrier

4. Not Reviewing Your Policy Annually

Businesses change over time—new products, services, locations, or staff can all affect your insurance needs. Failing to review and update your policy can result in coverage gaps or even denied claims.

Tip:

Schedule an annual policy review with your agent to ensure your coverage keeps up with your business growth and changes.

5. Assuming All Policies Are the Same

Not all commercial insurance policies are created equal. Differences in exclusions, definitions, and claims handling can have a big impact on your protection and peace of mind.

Tip:

Read your policy carefully and ask questions about anything you don’t understand. A reputable agent will be happy to explain the details and help you make informed decisions.

Why Choose MAKZ Insurance Agency LLC?

• Local Expertise: Serving businesses across Angleton, Clute, Rosharon, Manvel, Iowa Colony, Richwood, Lake Jackson, Bay City, League City, and beyond.

• Top-Rated Carriers: We partner with trusted insurance companies to offer comprehensive and affordable solutions.

• Personalized Service: You’ll always speak directly with a licensed representative—no automated systems or online-only service.

• Experience You Can Trust: Since 2017, we’ve helped Texas businesses protect what matters most.

Ready to review your commercial insurance or have questions about your coverage?

Call us at 281-912-3338 or request a quote online.

Coverage cannot be bound or changed online—you’ll always get personalized advice from a licensed professional.