Commercial Insurance in Texas
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What Is Commercial Insurance?
Commercial insurance is insurance that will protect your business. There are a few different types of commercial insurance, including property insurance, liability protection, and workers compensation. Sometimes the generic term can mean only commercial liability coverage, but there are other types to consider. You aren’t required in Texas to have any type of business insurance, including workers compensation, but it can help protect your company.
Different Types of Commercial Insurance
Different businesses in Southlake, TX and around the DFW area can benefit from different types of commercial insurance. An agent at Kimble Brown Insurance Agency can help you determine your risks and figure out which policy is best for you.
- General Liability Insurance: General liability insurance will protect your business from another business' or person’s claim of bodily injury and damage to the property.
- Professional Liability Insurance: This insurance can also be called Errors and Omissions insurance and will cover claims against businesses that provide personal and professional services. Claims that could be covered under this insurance policy include negligence and a dissatisfied client.
- Business Owner’s Policy: A BOP is a combination of business property insurance and general liability. This is often used to provide enough coverage for a small business that also wants to protect business equipment. Some things that are covered under this type of policy include office insurance for fire and business interruption, electronic data loss insurance, and commercial crime insurance that could cover the dishonesty of employees.
- Builders Risk Insurance: We offer this unique kind of property insurance to covers the building or area that is under construction. We have the options to cover just the structure, or the materials on site waiting to be installed. The builder's risk insurance policy will pay for damages up to the coverage limit.
- Workers Compensation Insurance: This covers work-related illness and injuries. Benefits can include medical care and lost wages from work. Although not required in Texas, it can be useful in many industries that are more dangerous to work in.
Contact Kimble Brown Insurance Agency, serving Southlake, TX and the DFW area, to get a quote on commercial insurance.