Get small business professional liability insurance Houston, TX today! There are a lot of risks involved in getting into business. Loss of money, crashes, and legal issues can all put your business at risk. With this in mind, you need small business professional liability insurance to protect yourself. We at Texas Insurance Agency are dedicated to giving you complete insurance options so you can focus on your business.
Professional liability insurance, which is also called Errors and Omissions (E&O) insurance, protects businesses against losses that might happen because of claims, mistakes, or carelessness. For small companies, making sure that every part of their operations is safe from risks is very important. There are more than 2 million small businesses in Texas alone, so it’s not smart to take risks. To learn more about insurance, visit our blog today.
Why Is Small Business Professional Liability Insurance Houston, TX Important?
Houston is a busy and competitive place to do business. Whether you’re starting a new bakery downtown or a small tech company in Greater Houston, it’s important to protect your business from possible risks.
Our small business professional liability insurance Houston, TX can pay for any claims made against your business. For example, you could be sued for making a mistake on a client’s job, not finishing that project, or giving bad advice.
People who own businesses often make these mistakes, especially when their company is just starting out. Our package includes both the money you might have to pay for damages and the cost of defending yourself in court. This gives your business a strong safety net.
What the Texas Insurance Agency Does for You
We have been selling insurance in Texas for a long time, so we know how important peace of mind is for business owners. We know how hard it can be to find your way around the often-complicated world of insurance, which is why we’re here to help you. We offer different types of insurance services to meet your specific needs. For example, we offer business insurance for businesses of all sizes and personal insurance for people and families.
Our team is made up of experts who will do everything they can to get your business the right service, no matter how big or small it is. When we work with clients, we try to build partnerships based on trust and respect. Our goal is to take on the risk so you can grow your business without worrying about it.
More On Professional Liability Insurance
As the name suggests, professional liability insurance, which is also called errors and omissions (E&O) insurance, protects businesses, especially small and medium-sized ones, from huge financial losses. This type of insurance covers possible losses due to lawsuits, mistakes, carelessness, or malpractice that may happen in the course of business operations.
To give you an example, let’s say you own an architecture company, and your client’s building doesn’t meet city codes because of a mistake in the design. Getting the mistake fixed can cost a lot of money. Your client may even decide to sue your company for it. Professional liability insurance can save the day when this happens because it pays for legal defense, settlements, and court verdicts.
What Does Professional Liability Insurance Cover?
Professional liability insurance is more specific than general liability insurance, which includes injuries to people or damage to property. It focuses on claims that your business failed to perform. It also covers claims that your business caused financial loss through mistakes or was careless in the services it provided. In short, professional liability insurance protects against:
- Negligence or claimed negligence. This includes mistakes your company makes or bad advice you give that costs a client money.
- Legal defense costs. These include court fees, lawyer fees, and possible settlement costs if your business is sued for carelessness or making a mistake.
- Services done in the past. Some policies cover events that happened before you bought the policy, so you don’t have to worry about claims from work you did in the past.
- Claims and damages. These could include the money your client loses because you were careless or didn’t do what you were supposed to do.
What are the benefits of professional liability insurance for businesses?
Small businesses are especially likely to lose money when they are sued or claimed against. The cost of a lawyer can be too much to handle, even if the claim is not true. This is where professional liability insurance comes in handy.
- Financial Protection. A small business case can cost anywhere from $3,000 to $150,000 on average. Professional liability insurance is a must-have for protecting your business from going bankrupt.
- Credibility. Professional liability insurance protects your business and builds trust with clients by showing that you’re a reliable professional who can pay for mistakes.
- Peace of Mind. Businesses can focus on their main activities and growth plans when they know that possible legal claims are covered.
- Coverage that is Made to Fit Your Needs. Professional liability insurance can be made to fit the needs of your business and field. For instance, a tech company that deals with private customer data might need different security than a business consultant who gives advice.
Why Should You Get Your Professional Liability Insurance from a Texas Insurance Agency?
When it comes to small businesses, we at Texas Insurance Agency know how terrible claims or cases can be. As skilled insurance agents, we work with you to learn about your business, evaluate possible risks, and find the best professional liability insurance coverage.
Our team works hard to make sure that Houston, TX small companies get customized, all-around coverage that lets them run their businesses with confidence and peace of mind. We want to help you protect your small business from possible professional liabilities, whether you’re an engineer, consultant, tech company, or healthcare provider.
You can get professional liability insurance for your small business if you want to. We at Texas Insurance Agency think that getting insurance is always a good idea.
When you buy professional liability insurance, you can take advantage of chances, come up with new ideas, and grow without worrying about what might go wrong. We are here to make sure that your business does more than just make money; it’s also building a better future. Call us today at our Houston location or get a free quote to get started!
Fun Facts About Houston, TX:
- General Sam Houston was President of the Republic of Texas.
- In 1853, the Buffalo Bayou, Brazos, and Colorado Railway was the first one to join with Houston.
- This made Houston a major railroad hub for moving cotton, lumber, and cattle.