Are you seeking “Pearland TX affordable commercial insurance?” Texas Insurance Agency is the perfect place to find affordable commercial insurance because we have more than 10 different insurance partners. Since we work with so many insurance companies, we can find the right policy for your business that fits within your budget. Insurance is important for protecting your finances, property, customers, and employees.
Most are not aware of the many types of commercial insurance. Depending on your business, we will recommend certain types of policies that will suit your business’s needs the most. Insurance plans can be expensive, but we can find you the policy at the price you want.
Not only are there many types of commercial insurances, but there are also many benefits to having commercial insurance. In some cases, you may even need to pick up more than one policy, such as flood insurance or cyber liability insurance. These extra policies help protect your business even further from potential threats. Of course, it heavily depends on the type of business you have.
Here at Texas Insurance Agency, we understand how important your business is to you. For that reason, we put you first. In fact, we put all of our clients before anything we do. Customer service is the most important aspect to us, and we guarantee you we will deliver the policy you want within your budget.
What is Commercial Insurance?
Commercial insurance or business insurance protects business owners and employees from a variety of things. Not one policy applies to all businesses because each business is different from the last. An automotive repair shop would have significantly different policies than a law firm. For that reason, we work with several different insurance companies.
The most basic commercial insurance policy is known as commercial general liability insurance. This type of policy helps companies with financial peril when it comes to employee injuries and property damage. No matter what your business is, it has a risk of sustaining damage or injuring employees. Small business owners typically cover their businesses with this type of insurance because most of the time, it covers all of their basic needs.
However, larger businesses or companies may need more such as commercial umbrella insurance. Of course, there are many other types of specialized insurance policies that your business may require, or you may want.
Types of Commercial Insurance
There are many types of commercial insurance you may or may not need. If you are unsure, contact Texas Insurance Agency today. Our agents can answer any questions you may have regarding a commercial insurance policy.
Below, you can find a list of a few commercial insurance policies.
- Commercial general liability
- Commercial umbrella
- Errors and omissions insurance
- Commercial renters insurance
- Small business insurance
- Workers compensation
- Commercial property
As you can see from the small list above, there are many types of commercial insurance policies. Your business may only need one of these policies, or it may need several. Regardless, Texas Insurance Agency can help you find a policy bundle you are comfortable with.
Commercial General Liability
We have already touched on general commercial liability, but it is one of the most basic policy options. This insurance will cover the following:
- Costs of property damage
- Medical expenses of bodily injuries
- Advertising injury claims
- Costs related to a lawsuit regarding injuries or property damage
Commercial general liability is the most basic insurance and is a solid policy for many businesses. However, it does not cover everything businesses need.
If your commercial general liability policy is unable to cover all the costs from claims, then the commercial umbrella will cover it. This insurance policy is for businesses that have the potential of going over their dictated coverage amount. Umbrella insurance can cover a wide range of liabilities such as contracts, personal injury, aircraft, watercraft, theft, and automotive.
Errors and Omissions Insurance
Errors and omissions (E&O) insurance is also known as professional liability insurance. This insurance covers professionals who may have made a mistake and caused a client financial loss. For example, an accountant mistakenly causes a client to lose thousands of dollars. This insurance would cover the costs of potential lawsuits the client may pursue.
Commercial Renters Insurance
Commercial renters insurance is lumped in with commercial liability insurance. It helps businesses protect themselves from potential damages to property or stolen property. The property includes office equipment, manufacturing equipment, vehicles, records, and more.
Small Business Insurance
Small business insurance will be determined by the type of business you have. There is not one small business insurance policy that covers everything. Small business owners will need to contact Texas Insurance Agency in order to learn about what policies they need. Our agents will help you determine what policies are best suited for you.
If you want to protect your employees in the event they are injured on the job, workers’ compensation is the right policy for you. In some states, workers’ compensation is required; however, the state of Texas does not require workers’ compensation. This policy will help cover the following:
- Lost wages
- Medical care for the injury or disease contracted from the job
- Economic loss compensation
- Legal fees due to a lawsuit
- Death benefits paid to beneficiaries
General liability insurance covers some property damages, but businesses may find it more beneficial for a separate policy for protecting property. Commercial property insurance helps protect your business’s property from the damage costs of fires, storms, lightning strikes, vandalism, theft, vehicles, and aircraft. It is important to note that floods are almost never included with commercial property. That typically needs to be purchased separately.
Pearland TX Affordable Commercial Insurance
Texas Insurance Agency can help you find one of the above policies within your budget or another type of commercial insurance. We provide clients with the information they need to make an informed decision on a policy. Contact our team today by calling (281) 993-8384. You may also visit our commercial insurance page to find out more about business insurance. If you are searching “Pearland TX affordable commercial insurance,” then contact us today.
Fun Facts about Pearland
- Pearland is the 2nd fastest-growing city in Texas!
- Pearland residents once harvested many fruits!
- Hurricanes in 1900 and 1915 wiped away the many fruit trees in the area.
- Find more facts about Pearland here.