If you are searching for Houston TX Small Business Insurance, don’t hesitate to contact the team at Texas Insurance Agency. We have professional agents who know how to connect you to the right insurance plan at the right cost. Moreover, we work with only the most reputable companies so that our customers have the best insurance experience possible.
Texas Insurance Agency has been in the business of helping customers since 1999. In that time, we have been able to serve thousands of satisfied customers. Our mission is to help you keep your business afloat when the unexpected happens. This means finding and purchasing an insurance plan that comes through for you during the hardest times.
America is made up of small businesses. In fact, this type of business is so deeply ingrained in the American spirit that our country wouldn’t be the same without small or family-owned businesses. Fortunately, with the right insurance coverage, we can work to protect your business.
What is Small Business Insurance?
Insurance coverage for a small business differs from that of larger corporations. This is because a small business does not have the investors, income, or budget that a large business does. Moreover, the number of employees working at a small business can equal less than twenty-five, whereas larger corporations tend to employ thousands.
The size of a small business makes a difference when it comes to insurance coverage. Although these policies are typically much cheaper, the type of insurance you need depends on many factors. For instance, employee numbers, industry, and inventory or equipment will factor into the amount of coverage you need.
There are many types of insurance you should consider purchasing as a small business owner. Keep reading to learn more about these policies!
Types of Small Business Insurance:
Every job comes with the possibility of employee injury. Whether you own a grocery store or construction company, the likelihood of employee injury remains. Workers’ compensation is a type of insurance policy that benefits you in the event that an employee is injured on the job.
For instance, one of your roofers falls and breaks a limb due to faulty equipment; you are responsible for their medical bills. Additionally, you could face a lawsuit if that employee feels they do not receive fair compensation. Worker’s compensation can help cover settlement, medical expenses, and legal costs when these scenarios arise.
If you travel to and from a client’s home as part of your business, chances are you own a commercial automobile. This vehicle is an essential part of what keeps your business functioning. Therefore, it is a great idea to have commercial auto insurance on it. Auto insurance is required by law. However, regular auto policies do not offer the same benefits.
For instance, if you own a vehicle that you use for both personal and business purposes, it is cheaper to maintain a commercial policy rather than a regular auto policy. Like most comprehensive auto policies, commercial auto insurance covers accidents where you are at fault.
Professional liability policies are also known as errors and omissions insurance. This type of policy provides coverage when you make a mistake in the conduct of your services. For instance, professional liability covers things like negligence, misrepresentation, and inaccurate advice.
So, providing information that misrepresents the history of a vehicle and which leads to that vehicle’s sale could be counted as malpractice. If a customer comes back to the dealership looking to return the vehicle because of certain misrepresentations, you might be liable. In this instance, professional liability insurance will come in handy in helping you cover the financial aspects of a claim.
If a fire, theft, or natural disaster causes an interruption in business, you could qualify for a claim under a business income policy. During the time you must close your doors, the company will lose revenue and income. A business income policy will provide you with financial assistance that helps you pay monthly bills under the business is once again up and running.
These monthly bills can include things like payroll, rent, electricity, and other aspects of regular financial obligations related to the business. Speak with your insurance agent to learn more.
This type of insurance policy will cover claims that result from theft or damage of inventory, tools, equipment, or other property related to your business. In some instances, this insurance can also cover the income you are losing while your business is closed.
Supplemental policies are available for business property insurance plans. For instance, if you need to reproduce, move, or provide temporary storage for records, a supplemental insurance plan can help. Don’t wait until a catastrophic occurs before purchasing insurance. Call your agent today and ask them whether a business property policy makes sense for you.
General liability insurance can be used when injuries to a customer or client happen as a result of misconduct on the part of your employees or business. Additionally, if your services take place at the home of a client and property damage occurs due to an accident or negligence, general liability can provide coverage in this area.
Houston TX Small Business Insurance
Texas Insurance Agency is committed to helping every client find the right small business policy. Our mission is to help you protect your business so that when the unexpected happens, you can have peace of mind. We work with the best of the best in the insurance industry and hope you will come to us for your insurance needs.
For more information about Texas Insurance Agency, visit our website! There, you can also read our blog, see our locations, and request a free quote. Call Texas Insurance Agency when you need a Houston TX Small Business Insurance policy!
Houston, TX Fun Facts:
- Downtown Houston has an underground tunnel system that lies beneath the city.
- Houston is home to ten thousand restaurants, bars, and food trucks.
- The Port of Houston is one of the busiest in the nation.
- The Museum District in Houston offers free admission on Thursday nights.
- For more information about Houston, TX, visit the city’s website!