The Facts about Texas Commercial Insurance
Working hard to build your Texas company is essential to success. Before you are established you need to speak with a independent insurance agent who can find the best insurance coverage for your industry. There are five main types of commercial insurance in Texas and you need to understand each one. You will also want to compare quotes to find a great policy you can afford.
Texas Commercial Auto Insurance
This policy will take care of bodily injury, property damage and medical payments for your employees when they are using the company vehicle. Although you may only hire safe drivers, you never know when an accident can happen.
Texas Commercial General Liability (CGL)
This type of coverage will take care of expenses that your company is responsible for whether it be Personal Injury, Bodily Injury, or Property Damage. Bodily injury protection will help if a person is injured or if there is a fatality. If you or one of your employees causes damage to another person's property, the property damage portion of your policy will take care of it.
Texas Commercial Property Insurance
This coverage takes care of the Building and its Contents or Business Personal Property, especially if there is an interruption to your business. It may also help with wages, important documents and employee benefits. You want to keep your employees happy – so find the best policy with the most affordable rates by comparing quotes.
Texas Workers Compensation
Workers’ compensation is a state-regulated insurance program that helps people with work-related injuries and illnesses. Employees covered by workers’ compensation get medical care necessary to treat their injuries and illnesses. Depending on the type and severity of the injury, workers’ compensation may also provide:
- payments to replace some of an injured employee’s lost income, up to time and dollar limits set by law;
- compensation for burial expenses for employees killed on the job; and
- death benefits for dependents of employees killed on the job.
Texas Business Owner Package (BOP)
Insurance policies that combine protection from all major property and liability risks in one package. A Business Owner Policy or BOP is an insurance package that assembles the basic coverage's required by a business owner in one bundle. It is usually sold at a premium that is less than the total cost of the individual coverage's. Business Owners Policies usually target small and medium-sized businesses and typically contain business interruption insurance, which provides reimbursement for up to a year of lost revenue resulting from an insured property loss. Ask us if this type of policy would be right for you!
SOUTH & CROUCH INSURANCE is proud to represent these companies for you: