If you’re a small business owner, you want to make sure that your company is covered with the right type of insurance. Below you’ll learn about the various kinds of Commercial Insurance in Houston TX so that your business is fully covered.
General Liability
A liability insurance policy covers your business and assets if a customer or an employee sustains an injury while on your business property. This type of policy is also used to protect your business from damages caused by a service or product offered by your company.
Property Insurance
When purchasing Commercial Insurance in Houston TX, if you own your own building, you’ll need to purchase property insurance. If your building, inventory or business equipment is damaged or destroyed, this kind of insurance will take care of the cost of the damages. Common types of damage include fire, theft and property damage from vandals.
Commercial Auto Insurance
If you or your employees drive a company vehicle, it pays to have commercial auto insurance if one of your vehicles is damaged or involved in a collision. There are various types of commercial auto insurance available including collision, comprehensive, liability and uninsured motorist. Additional types of insurance that can be added to the policy include roadside assistance, auto lease coverage, rental reimbursement and personal injury protection.
Worker’s Compensation
When you hire employees to work for you at your business, you’ll need worker’s compensation insurance in case a worker becomes injured. This type of insurance pays the wages and medical bills of the injured employee. It also prevents the employee from bringing a lawsuit against the company because of the injury.
Business Owners Policy
When speaking to an agent about commercial insurance in Houston TX, you might choose to get a business owners policy. This plan bundles the most common types of business insurance together and the business owner can purchase this policy cheaper than buying each policy separate. Business owners can choose which types of insurance they want to bundle together depending on the needs of their business.
