If you are searching for Katy TX General Liability Insurance for your business, look no further than consulting the Texas Insurance Agency team. Our reliable and trustworthy insurance agents have years of experience working with clients of all occupations!
Texas Insurance Agency has been in the business of helping clients since 1999. During that time, we have vested an incredible amount of focus and energy into providing the best services and finding the best policies.
Keeping your business safe means protecting it from lawsuits that can arise out of circumstances beyond your control. Moreover, have general liability coverage can keep your business afloat during difficult times. Consider how much you will save on legal fees alone, just by purchasing a general liability insurance policy.
If you are searching for this type of insurance, chances are you are also looking for trustworthy agents that will see your business through. Give Texas Insurance Agency a call today, or drop by our Pearland or Katy location.
What is General Liability Insurance and What Does It Cover?
Small businesses and large corporations often purchase general liability insurance to protect themselves from expensive lawsuits and revenue loss. This type of insurance policy protects your company from the following type of claims:
- Injury or medical expenses
- Property damage
- Advertising claims
- Copyright infringement
- Reputational claims
Keep reading to find out under what conditions and circumstances you could qualify for a claim in these areas.
Injury or Medical Expenses
It happens all the time; an employee mops the floor and forgets to put out a ‘wet floor’ sign, resulting in the injury of a customer. In this instance, your company would be entirely liable for any medical expenses that result from injuries suffered by a customer.
Moreover, if a customer is not satisfied with their compensation, you could also face a lawsuit. This is just one example of where general liability insurance coverage can help your business make it through these types of situations.
Do you own and operate a small business that offers home improvement or similar services? If so, general liability insurance can be used in the event of property damage to your client’s home.
For instance, if you are a roofer and a ladder falls through the window of your client’s house, general liability will cover it. By having general liability insurance, you protect your company from expensive repair bills, and you show customers you are taking extra steps to operate your business the right way.
Advertising Claims, Copyright Infringement, and Reputational Claims
As a business owner, chances are you have competition in whatever industry you work in. Sometimes, our competitive nature can get the best of us, resulting in slander or bad things being said about the competition.
Advertising claims are covered under most general liability insurance policies. This means that when you slip up by defaming a competitor, your business will be covered from the expense of lawsuits. Reputational claims are similar to advertising claims.
In a similar way, copyright infringement is a serious crime. It is essential to understand copyright law and the parameters of ownership. These guidelines tell you how you are allowed to use sources and materials that are not your own.
When copyright infringement happens, general liability insurance can help you get through the muddle of lawsuits and corresponding chaos. Contact the Texas Insurance Agency to learn more.
Things to Know:
Keep in mind that exclusions to this policy will apply. For instance, if an employee is the one who slipped and fell, gaining an injury, general liability will not cover that. Instead, for that situation, worker’s compensation insurance is the right policy.
Similarly, general liability insurance does not cover damage to your business property. For this type of incident, a commercial property insurance policy is essential. Talk with your insurance agent for more information about General liability exclusions and how you can bridge the gap.
Often, business owners will find that the unexpected can cost more than they anticipated. If your general liability insurance plan does not cover the monetary amount of claims being made against your company, consider a commercial umbrella insurance policy.
This policy expands your liability coverage and helps with legal costs. However, it is essential to keep in mind that general liability does not cover lawsuits that are filed when you fail to complete the service you accepted payment for. Additionally, it does not cover you if mistakes are made while completing the service.
Who Needs a General Liability Policy?
If you own a commercial business, having general liability insurance is a great idea. Court and legal fees add up quickly when an unexpected lawsuit happens. General liability helps cover these costs when you find yourself on the receiving end of a lawsuit.
Supplemental Insurance Plans that Bridge the Gap
General liability insurance covers a very broad and general cluster of claims. It is best to talk to your insurance agent about supplemental plans and policies that would benefit your company for more specific situations.
For instance, general liability does not cover automobile accidents that happen while you are driving your commercial vehicle. Instead, for this incident, you would need to purchase commercial auto insurance.
When you are facing a lawsuit due to mistakes made in your services, professional liability insurance can provide coverage of costs associated with the lawsuit. Take a minute to list out the supplement policies you might want to look into. Which ones will save you money if a lawsuit comes up? What type of situations could you find yourself in, where you might need coverage?
Katy TX General Liability Insurance
For more information about Texas Insurance Agency, our services, and our locations, visit the company website! There, you can also read our blog and request a free quote. Don’t hesitate to contact Texas Insurance Agency for your Katy TX General Liability Insurance.
Katy, TX Fun Facts:
- Katy gets its name from the K-T Railroad.
- Old Katy is where many of the town’s festivals are every year.
- Downtown Houston is just twenty minutes away.
- For more information about Katy, TX, visit the city’s website!