We suggest buying general liability insurance commercial Houston, TX. Even if you don’t add other options to your basic plan, it can still help you protect your business from any financial deficit from accidents or incidents. The agents at Texas Insurance Agency can help you find the best plan for your needs. Whether you want to match the minimum or tailor a plan that best suits your business’s needs, we’re here to help.
Is general liability insurance commercial required?
A basic commercial general liability (CGL) plan isn’t required by state law. However, our experts still highly suggest you get a plan for your business. This type of insurance coverage protects your business against claims for the following issues:
- Bodily injury
- Property damage
- Personal & advertising injury (a.k.a. slander)
The state of Texas may not require general liability insurance commercial plans. It also doesn’t require workers’ compensation insurance. However, sometimes, not having a plan and having it will make a difference for your business.
Alongside general liability insurance commercial, there are also many other business insurance plans you can consider. We suggest working with an expert to tailor a plan that best suits your business. Protect your business with the right plan!
Texas Insurance Agency is an insurance broker that can help you tailor the best plan for your needs. We don’t work for the insurance companies. We work for you. Our agent will do everything to find plans and bundles covering everything you want to protect your business, so contact our Houston office today to get a free quote.
Details of General Liability Insurance Commercial Houston, TX
A basic general liability insurance commercial plan is a type of comprehensive plan that protects your business in case of damage or injury caused by day-to-day operations or your products. It can also protect your business in case of damage or injury that occurs on your business’s premises. No matter what type of business you run, having this type of plan can cast a safety net that can protect your business’s bottom line.
There are usually two types of CGL plans:
- Claims-made plan – This policy covers claims and reports that happen within the coverage period, except for a few exceptions.
- Occurrence plan – This policy covers claims that are reported within the coverage period, regardless of when the claim was first made.
Knowing the difference between these two plans will help you choose the best one for your business. Although the difference is slight, it can make all the difference in protecting your business from financial loss. You can learn more about which one is better for you when you speak with an expert like Texas Insurance Agency.
General liability insurance commercial plans are one type of commercial or business insurance plan. Even if you don’t get any other type of business insurance, we suggest getting at least this type of plan. It can cover the basics of accidents and incidents that your business may run into. However, if you want a more tailored plan, our agents can also help you create the perfect bundle for your needs.
What is an Umbrella Liability Insurance Plan?
An umbrella liability insurance plan is a type of excess liability coverage that covers beyond what a general liability insurance commercial plan usually covers. It also covers incidents that aren’t usually covered under the basic plan, so long as it’s not specifically excluded from the policy.
For example, a lawsuit can claim that you must compensate for the damages one of your equipment caused to a visitor during a normal workday. However, your plan doesn’t cover the full price of the incident, but an umbrella plan will cover the rest of it.
Commercial umbrella liability plans aren’t right for every business. For example, if your business doesn’t delve into any high-end tech or uses heavy machinery, you may not expect any claims that completely exceed your basic plan. However, this plan can be a saving grace for businesses that may expect those types of claims.
This type of excess liability coverage also covers any claims above the limits of basic automotive liability plans. If you own or operate a vehicle for your business, you may want to consider getting an umbrella liability plan to cover any excess claims caused by an auto accident. Although Texas already requires you to have a basic automotive liability plan, having umbrella coverage can better protect against those “what-ifs.”
Other Types of Commercial Insurance
If you’re already in the market for general liability insurance commercial plans, you may also want to consider some other add-ons to your bundle. After all, no business is the same, and there’s no “one-plan-fits-all” type of insurance bundle. Texas Insurance Agency can help you find all the coverage options you need to protect your business from anything that could happen within your industry.
A few add-ons include the following:
- Business Owner’s Policy
- Business Income Insurance
- Professional Liability Insurance
- Risk Engineering
- Workers’ Compensation Insurance
- Commercial Property
Depending on your industry and needs, you may need some of these, or you may need all of these. Speak with a commercial insurance expert to get all of your available options. Texas Insurance Agency is always ready to help clients throughout Houston get the coverage they need to work with confidence.
Protect Your Business From Financial Harm
The most important thing for a business owner is to assess their own risk protection. Finding an insurance plan that covers all the important assets and finances of your business should be among your top priorities. Luckily, Texas Insurance Agency can help you do that and more. Call our Houston office to hear more about your options.
Our Houston office has helped clients fulfill their insurance needs for years. Contact us today, and our agent can help you find a general liability insurance commercial plan that is the right fit for you.
Houston, Texas Fun Facts:
- Houston is the 4th largest city in the nation.
- It has five pro major league sports teams.
- There’s an underground mall that spans 6 miles beneath downtown.