If you are a business owner, you should understand that commercial insurance is one of the most important investments. The requirements and characteristics of business insurance vary from state to state. If you operate a business in Texas, there are several types of business insurance you should consider. Each of them provides specific protection against various accidents and damages. Here is a list of them:
- General liability insurance - It protects against bodily injury damage and property damage claims, including slip-and-fall accidents.
- Commercial auto insurance - If you use vehicles for commercial purposes (delivery or traveling between locations), commercial auto insurance is exactly what you need to protect your cars and drivers. It provides coverage for your business vehicles that are not covered by standard auto insurance.
- Business owners policy - It is a combination of property and liability coverage, which is a perfect choice for small and medium-sized businesses.
- Workers' compensation coverage - This type of coverage is not required in Texas. However, it is still recommended to consider it to protect yourself and your employees.
- Professional liability - This type of coverage is for specialized businesses, including companies providing legal or accounting services. It also protects against defense costs and actual or alleged negligence.
- Cyber insurance - IT business owners or companies that have computers and other office equipment should consider getting cyber insurance, the purpose of which is to protect computers and important data against various types of cyber-attacks and data breaches.
If you operate a business in the Lone Star State and are currently looking for a proper commercial insurance policy, Cunningham & Associates is ready to help you. Our professional and qualified insurance agents are ready to answer all your questions and help you find the perfect policy. If you have any questions, please contact Cunningham & Associates to get all the answers and information you need.