You don’t want to experience the difference between having or not having business public liability insurance Houston, TX. The consequences of getting caught without insurance during a disaster, incident, or lawsuit are equivalent to getting caught with your pants down. Sure, you can deal with the aftermath with some embarrassment, but there’s a high chance that you won’t be making it back without a high cost. Insurance can help you recover faster.
What is business insurance?
Business insurance is a type of insurance that protects a business financially against losses or damages that happen for no reason. This can include damage to property, legal problems, risks linked to employees, and losses from having to stop running the business. The insurance is meant to protect against possible financial losses so that the business can stay open.
General liability, workers’ compensation, property insurance, commercial car insurance, and professional liability insurance are some types of business insurance. What kind of coverage a business needs can change based on things like the location, type of business, and number of workers.
How can Texas Insurance Agency help clients find the right business insurance?
When Texas Insurance Agency looks at a client’s business needs and dangers, we can help you find the best business insurance. Our team of experts knows about the different kinds of coverage that are out there and how they work with various business plans and fields. Once we know what a business needs, we can find the rules that will protect you the most.
That’s why we offer many different plans at reasonable costs because we work with many different insurance companies. We walk clients through the complicated world of business insurance and clearly explain terms and conditions. This way, we help people find the right insurance. Contact us to get started, or get a free quote today.
What is Business Public Liability Insurance Houston, TX?
Business public liability insurance protects your company from lawsuits and settlement claims made against it if a third party, like a customer or member of the public, gets hurt or their property gets damaged because of how your business works. This insurance can protect the company from claims that come up because of accidents that happen on their land, injuries that happen because of their products, or operations that hurt people or damage property.
Also called commercial general liability (CGL), this liability insurance is very important, especially for companies that deal directly with customers or have access to their homes. If these kinds of claims are made against the business, this kind of insurance helps protect its finances. It’s important to know that workers’ compensation insurance would cover claims made by employees, not business public liability insurance.
What is worker’s compensation insurance?
When an employee gets hurt or sick at work, workers’ compensation insurance helps pay for their medical bills and other costs. It usually pays for medical care and some lost wages for a worker who gets sick or hurt at work. It also pays survivor’s benefits to the families of workers who die because of an accident at work.
It not only covers the money lost, but it also keeps companies from being sued by sick or hurt workers for the conditions that led to their illness or injury. Workers’ comp insurance is important for businesses because it protects them from expensive claims and reassures workers that they will be covered if they get hurt or sick on the job. In many places, businesses are required by law to have workers’ comp insurance.
The Importance of CGL Insurance
If a business owner doesn’t have business public liability insurance, they might have to pay for the damages or their own case in court if they are sued for these kinds of things. It only takes a small mistake or flaw in a product to cause a lawsuit or big financial losses, which could put a business out of business. Don’t let the worst happen when you’re caught off unawares, and get a good CGL plan today.
Not to mention, CGL coverage also gives businesses peace of mind by making sure they are ready for anything that might happen. Many clients and landlords also make it a requirement for companies to have this coverage in order to do business or rent a commercial space. So, having business public liability insurance can show that a company is trustworthy and accountable.
Protect Even the Excess Parts with Umbrella Insurance
Umbrella insurance is a type of liability insurance that covers claims that are bigger than what your regular liability plans, like home, car, or business insurance, cover. It gives you extra safety when your other policies aren’t enough. When it comes to businesses, umbrella insurance kicks in when the limits of your other liability insurance (like CGL or employers’ liability insurance) have been reached or those plans do not cover the claim.
This insurance can protect not only the owner but also other people who work for them. It gives you more protection against lawsuits and other legal issues that come up because of accidents, property damage, and other similar events. On top of that, umbrella insurance covers some risks that regular insurance might not, like slander, defamation, libel, and false arrest. Getting umbrella insurance is a good way for businesses to get extra protection and better control their risk.
To sum up, business umbrella insurance is a safety net that helps make sure companies don’t have to pay for a big risk claim all by themselves. It gives them extra financial protection and peace of mind.
Gain Greater Peace of Mind Today
Texas Insurance Agency has all the tools we need to help you judge which business insurance is the right one for you. Call our office today to set a meeting to meet with our experts. Our Houston office can help you assess your business assets and risks to help you find the best business public liability insurance.
Houston, Texas Fun Facts:
- Houston is also known as Space City.
- It’s home to NASA Mission Control.
- Across from NASA is the Johnson Space Center.