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Insurance cover for small businesses in Texas
Small business Health Insurance helps you offer your employees more inexpensive access to medical insurance. Everyone can benefit from lower rates or better coverage.
Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
Employment Practice Liability Insurance, or EPLI, protects you from employment-related claims. If you're accused wrongful termination, discrimination in hiring or firing or workplace harassment, EPLI covers your defense and settlement costs.
Commercial Property Insurance will provide coverage for your properties in case damage renders them impossible to rent or lease.
Umbrella Policy adds an extra layer of protection to professionals if a serious event or cumulative claims exhaust your current policy limits. It also covers you for events that would otherwise be excluded from your other policies.
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Frequently Asked Questions
Why do I need business insurance?
Business insurance protects you from paying out expenses when a claim or lawsuit occurs and your business is found liable for the outcome.
What limits should I carry on my General Liability Insurance?
It depends on your business, financial resources, and the types of services you offer. Carrying at least $1,000k/$2,000k is a popular option for small businesses.
Am I required to carry Workers Comp?
The state of Texas does not mandate employees carry Workers Comp Insurance. However, if you don’t carry insurance you must report every work-related injury or disease to the DWC.
What happens if I don’t buy business insurance?
If you forego buying insurance for your business, you risk having to pay all of the expenses associated with potential lawsuits which, depending on nature, can result in thousands of dollars.
What are the loss control requirements in Texas?
Texas law requires insurance carriers provide policy holders with valuable loss control information that can benefit your business and minimize risks.
Guide to commercial insurance by state
Insurance laws and requirements may vary state by state. Click on your state to discover the insurance you will need for your small business: