Commercial Insurance in Texas
All states have different laws regarding insurance policies you may need to operate your business. Texas has its own set of required policies. If you have a business in Texas and need insurance, we can help you here at Boss Insurance Agency in Kingwood, TX. You can tell us what you are looking for, and we will provide you with customized coverage options that fit your needs.
Commercial Insurance Requirements
Most states require all businesses to have workers’ compensation insurance. However, Texas does not. It is still something that businesses may want to consider since it does cover partial missed wages and medical expenses from any illness or work-related injury. However, if you are a company that has a contract with any government entity, you will be required to carry this coverage.
All business-owned vehicles must also be covered with business auto insurance. The minimum in Texas is $30,000 for each person's bodily injury liability, $60,000 bodily injury liability for each accident, and $25,000 property damage coverage for each accident.
Businesses can also choose from any of the following coverage options:
- General liability - This is important coverage to obtain since it covers many risks such as injuries and customer property damage. Many leases require businesses to have this coverage.
- Professional liability - If your work depends on your expertise, this policy will protect you since it covers client lawsuits.
- Cyber liability - To survive cyberattacks and data breaches, this coverage option is needed. It will also cover legal fees.
- Business owner’s policy - If you are looking for an insurance bundle, this option may work for your business since it combines property and general liability insurance together.
Contact our Boss Insurance Agency office today to obtain a quote. Our office is located in Kingwood, TX. We hope to find a great policy that works to keep your business protected.