If you own a business, you might be searching for Houston TX General Liability Insurance. Don’t hesitate to call Texas Insurance Agency! Our team is highly qualified to match you to the right insurance provider and policy. Moreover, we have years of experience helping individuals in all industries find the policy that protects their business.
Texas Insurance Agency has been serving the Greater Houston area since 1999. During that time, we have helped thousands of business owners find general liability coverage that works for them. Although the basics of this policy stay the same, it can be custom-made to fit your needs.
Our team is invested in the belief that keeping your company safe means protecting it from unexpected situations. This includes anything from vandalism to theft to property damage. If you are a small business owner, you can’t afford to lose revenue because of a lawsuit. Keep reading to discover why commercial general liability insurance coverage is a great idea.
What is General Liability Insurance and What Does It Cover?
It doesn’t matter if yours is a small business or a large corporation. Either way, you can benefit from the advantages that general liability insurance offers. Although the foundation of this type of coverage will remain the same, other factors of it may vary according to the type of business and industry you are in.
Overall, all general liability policies hold to the same mission: protect your business when you are liable for damages. During tough times, it is important to make sure your revenue stream is protected and continues, despite the situation. Here are a few types of claims that general liability covers:
- Injury or medical expenses
- Property damage
- Advertising and reputation claims
- Copyright infringement
There are specific situations that might require any one of these claims to be made. Keep reading this article to learn more about the conditions and exclusions of a Houston TX General Liability Insurance plan.
Injury or Medical Expenses
It can happen in the blink of an eye. Due to misconduct or irresponsible actions on the part of your business or employees, customers can become injured. For instance, if your employee forgets to place a ‘wet floor’ sign out after mopping, and a customer receives injuries from a fall, your company is liable for their medical expenses.
Furthermore, if a customer feels they have not been appropriately taken care of, they might file a lawsuit against you or your business. In this instance, and the above, a general liability insurance claim can be filed. This claim, if approved, will cover attorney and court fees, as well as settlements.
It is important to keep in mind that this policy will typically exclude those situations when your employees suffer injuries while at work. In this case, you will want to have a worker’s compensation policy on hand.
Do you own a small business that has you performing services at the homes of clients? If so, the property damage coverage that general liability insurance provides will come in handy. This type of policy will cover damages caused to a client’s property by your own negligence or mistake.
For instance, if you are conducting roof repairs and your ladders fall through a window, breaking it, property damage coverage is good to have. Not only is general liability useful in these situations, but customers will appreciate the value this policy brings to the way you conduct business.
One exclusion to keep in mind is that a general liability policy will not cover your own business structure. If your building receives damage from a fire, natural disaster, or vandalism, you will need a commercial property insurance policy to cover those situations.
Advertising and Reputational Claims
As the owner of a company, you probably know who your competitors are in the industry. Likewise, there is a chance you have found yourself at odds with those companies.
Have you ever slipped up in an interview with the press? If so, have you advertised outright the faults and flaws in a competitor, their products, or services? Should the answer be yes, there is a chance, you will be soon facing a lawsuit.
Slandering or defaming a competitor is an inappropriate and unprofessional action. Additionally, those on the receiving end can file a lawsuit if it results in harm to their business. When you slip up, expect legal consequences. Have your general liability policy ready to go for when you need help with expenses and fees.
A copyright refers to the claim a person makes over their intellectual property. For instance, if someone writes a book or creates an invention, they have the legal right to file for protection against people stealing their work.
When someone violates copyright, this means they have claimed work that isn’t theirs. Moreover, it means they have not received permission from the owner to use the work, nor have they cited ownership. When this happens, a general liability insurance policy will provide coverage of the legal fees associated with settling the dispute.
The correct way to use copyrighted material is to directly request permission for its use or cite the source thoroughly. Consider a consultation with a copyright attorney if you have doubts about whether you can use a source.
Who Needs a General Liability Policy?
Anyone who owns a commercial business will benefit from a general liability insurance plan. When mistakes are made, and damage happens, you will have peace of mind knowing your business will stay afloat. Discuss the needs of your business with your insurance agent, and get protected today!
Houston TX General Liability Insurance
If you would like more information about Texas Insurance Agency, visit our website! There, you can also find our blog, locations and request a free quote. Visit Texas Insurance Agency for a Houston TX General Liability Insurance policy.
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- Downtown Houston has an underground tunnel system.
- The Port of Houston is one of the largest in the nation.
- Houston is home to ten thousand restaurants and food trucks.
- For more information about Houston, TX, visit the city’s website!