What Business Insurance Do I Need in Texas?
Starting a business in Texas may require you to purchase certain commercial insurance policies to cover the business or the business owner against financial loss as a result of lawsuits, thefts, or accidents. According to the U. S. Small Business Administration (SBA), there are different business/commercial insurance policies that starting a business may require.
Texas Business Insurance Types:
- General Liability (GL) insurance
General liability insurance provides coverage against claims that arise as a result of injury and loss that your clients or third parties record as a result of your business. This insurance covers the medical expenses for bodily injuries that need medical attention and covers the cost of fixing whatever is damaged. This policy also kicks in if there are any lawsuits against your business.
- Product Liability insurance
Product liability insurance is a form of coverage that covers your business if your business is into production, selling, and distribution of products. If your product causes a third party or your customer bodily harm or destroys their property, and your business is sued, the coverage covers the legal expenses,the medical expenses, as well as the cost of replacement of damaged property.
- Professional Liability insurance
Professional liability insurance is meant for professionals who give professional advice. This coverage covers professionals should they be sued for negligence, mistake, oversight or malpractice. If a mistake you make causes your client bodily harm or property/financial loss and you are sued, this coverage helps you attend to the financial obligation that comes with such a claim.
The two main type of professional liability insurance in Texas are:
Errors & Omissions (E&O) insurance protects you if you have a lawsuit as a result of unintentional errors you commit while rendering your service to your client. E&O insurance covers your legal settlement or expenses when you are sued.
Malpractice insurance protects you against lawsuits if your client sues you for being negligent while providing your service to such a client or if the client reports some harm as a result of the service they received from you.
Commercial/Business Property insurance
Commercial/business property insurance provides coverage for business’ physical assets such as your office, equipment, furniture and so on in case there is theft, fire and some other unforeseen circumstances.
- Home-Based business insurance
Home-based business insurance is an insurance policy that covers your business if you carry out your business at your home. If you are using a part of your home for your business, this policy kicks in if there is any claim against your business as your homeowners or renter insurance will not cover it.
- Business Owner’s insurance
Business owner’s insurance is an insurance coverage that bundles both general liability insurance and commercial/business property insurance. This coverage helps you get general coverage against lawsuits from people and loss of your business properties.
Other commercial insurance types include:
- Business Interruption insurance
Business interruption insurance covers you against loss of income if you cannot carry out your business as a result of an unforeseen circumstance such as pandemic, earthquake, and so on. This coverage will provide what you need to keep your business running during/after the interruption.
- Commercial Crime insurance
Commercial crime insurance protects businesses against business-related crimes committed by employees such as forgery, theft, embezzlement, and alteration.
- Worker’s Compensation insurance
This policy is meant to provide coverage for workers who get injured while on a job or who become sick as a result of their job. Worker’s compensation insurance provides either financial benefits or covers medical expenses or both to such workers.
In Texas, it is not compulsory for private employers to provide workers' compensation insurance coverage for their employees as it is not required by law. However, private employers who have contracts with the government must have workers’ compensation insurance for the employees who are going to work on the projects.
- Commercial Auto insurance
Commercial auto insurance provides liability coverage for vehicles that are solely used for business-related purposes and/or owned/leased by a business. This insurance covers the medical bills as well as the cost for fixing damages if you or your employee causes an accident while using your business vehicle.
- Cyber Liability insurance
Cyber liability insurance is a special insurance policy which covers your business against internet-related attacks such as data breach and virus attack and phishing. This insurance covers the financial implications of recovering what you lose as a result of cyber attacks.
- Commercial Umbrella insurance
Commercial umbrella insurance is extra insurance coverage. This insurance policy provides additional liability coverage when you have reached the limit of your other liability insurance policies.
In conjunction with those various types of business insurance policies that SBA recommends based on the nature and status of one’s business, the state of Texas through the Texas Department of Insurance (TDI) also requires businesses of certain sizes to purchase and offer health insurance group coverage and worker’s compensation insurance to the employees.
Apart from the above listed insurance types for businesses, another type of commercial insurance that you can consider purchasing for your business is commercial umbrella insurance. This insurance is very important because it serves as a supplement for other insurance types, if their claims are not enough to cover your business-related financial needs.
While home-based business, business owner’s, business interruption, commercial crime, business property and commercial auto insurance are generally grouped under commercial property insurance, general liability, professional liability, product liability and commercial umbrella insurance are under business liability.
What Type of Insurance Does a Business Need in Texas?
The type of business insurance your business needs depends on the nature and the status of your business. The business insurance that a medical professional needs is different from the type that a plumber, an architect, or a web designer needs. Make sure to discuss your business insurance needs only with experienced and state-licensed insurance professionals. A knowledgeable commercial insurance agent analyzes your business’ needs, researches the available solutions, and suggests a variety of options to choose from, to fill those needs.
Beauty Professionals
Barbers
Barbers work on people’s (especially men’s) hair; they cut, style, color, trim, and shave hair and beards. Therefore, they are commonly exposed to liability claims which include:
contracting infections,
bodily injury, and
bad haircuts.
Customers can contract infections through haircuts or have allergic reactions to some chemicals for treating hair and they can sue their barber. You as a barber can be sued by your customer or any other person who claims to have sustained some injuries as a result of the service you render. If a customer feels that the haircut they have is not what they want and they are not satisfied with what they get, they can sue you.
The most commonly purchased business insurance for barbers in Texas includes:
General liability insurance,
Business property insurance for the equipment you need for your services,
Professional liability insurance, and
Commercial umbrella insurance.
Beauticians and Cosmetologists
While beauticians provide beauty treatments such as pedicure, manicure, and hairstyling, cosmetologists provide professional advice on the type of cosmetics and beauty treatments to use. They are usually exposed to possible liability claims based on:
the services received,
professional advice and recommendations, and/or
bodily injury.
Your customer can sue you for your professionality claiming you are negligent. Anyone - your customers or third parties - can sustain an injury and blame it on your business.
The most commonly purchased coverages for beauticians and cosmetologists in Texas are:
Professional liability insurance, also known as Errors and Omissions (E&O),
General liability insurance,
Business interruption insurance, and
Commercial umbrella insurance.
Estheticians
Estheticians help you treat and maintain your skin and recommend different treatment options for your skin. As a result of the nature of the job of estheticians, they need protection against two possible major liability claims:
professional recommendations,
bodily injury.
Other possible liability claims have to do with business interruption and property damage.
Therefore, business insurance policies that estheticians may need in Texas includes:
Professional liability insurance (Errors and Omissions insurance),
General liability insurance,
Business interruption insurance, and
Commercial umbrella insurance.
Hairdresser
Hairdressers cut, style, wash, and also suggest products for the treatment of hair of their clients. These services expose hairdressers to liability claims which can be as a result of:
the services rendered,
bodily injury,
property damage, and
negligence.
Clients of hairdressers can sue them for discomfort as a result of the service they receive and they can also be sued if another person gets injured by their equipment. Some hairdressers also have to drive for home-service and, as such, they are exposed to some risks. Some hairdressers even use part of their house for their business; liability claims that come with their business cannot be covered by their homeowner’s or renter’s insurance but home-based business insurance.
Therefore, hairdressers in Texas mostly need these business insurance coverages:
General liability insurance,
Business property insurance,
Business interruption insurance,
Home-based business insurance,
Commercial auto insurance, and
Commercial umbrella insurance.
Makeup Artists
Makeup artists provide aesthetic services through the use of cosmetic products on the face of their clients with a view to enhancing or altering their facial appearance. They are commonly exposed to liability claims which have to do with:
bodily injury,
the service received,
loss of income as a result of business interruption, and
property damage.
As a makeup artist, you often have to move around for business and you can be injured and you can possibly cause harm to another person. Your customers can also be injured while you are providing your makeup service. Not only that, your clients might not be satisfied with your service and sue you; you, your clients or third parties may also lose some properties if there is an accident while providing your service.
Furthermore, there are some unforeseen circumstances that can hinder your service delivery more than any other businesses. For instance, there was a lockdown in many places when there was the outbreak of COVID-19 and gatherings for occasions were banned; this really affected the makeup business. When you have business insurance coverage for business interruption, starting your business when the lockdown was lifted will not be difficult.
The most purchased business insurance for makeup artists in Texas includes:
Professional liability insurance,
General liability insurance,
Business interruption insurance,
Commercial auto insurance, and
Commercial umbrella insurance.
Nail Technicians
Nail technicians work on people’s nails. Their work includes shaping, polishing, fixing,cleaning and painting of nails.are commonly open to liability claims as a result of the use of some products in treating the nails of clients, perceived professional negligence, bodily injury, and property damage.
Your clients can develop some allergic reactions to some of the products you use to treat their nails and they are liable to sue you. Any of your equipment can injure a client or a third party and they may blame it on you for being negligent. Any of your equipment or business property, even your client’s or another person’s property, can be damaged accidentally while you are working. Your business insurance will cover either the medical or the legal expenses or both.
The commonly purchased business insurance policies for nail technicians in Texas include:
Professional liability insurance,
Business interruption insurance,
General liability insurance,
Business property insurance, and
Commercial umbrella insurance.
Salon and Spa owners
As salon and spa owners your needs are different from the above listed beauty professionals. Your liability coverage is for protecting you from the liability claims resulting from your property and/or business. You also need to protect the building from damage by the beauty professionals working in the space and by their guests. Your business is also exposed to liability claims that have to do with the products you use/sell in providing your services to your clients and bodily injuries sustained by anybody during your service delivery and caused by your service.
The commonly purchased business insurance coverage for salon and spa owners in Texas are:
Business property insurance,
Business owner’s policy,
General liability insurance,
Professional liability insurance,
Product liability insurance, and
Commercial umbrella insurance
Construction and Maintenance Contractors
Carpenter
As a carpenter, you are liable to face liability claims as a result of the services you provide. Your clients may not be satisfied with your service and decide to sue you for negligence, unprofessionality. Because you deal with some heavy equipment, some of this equipment can accidentally fall and destroy some properties of your clients or a third party. Any of your laborers, your clients or a third party can sustain injuries as a result of your carpentry activities in the area. Business insurance policies can help you cover the cost of treatment for those who sustain injuries, replace the destroyed properties, as well as cover the legal expenses if you are sued. Furthermore, unforeseen circumstances such as pandemic or earthquake can stop you from working; a business insurance policy can help in such a time.
So, carpenters in Texas oftentime consider obtaining the following insurance coverage.
General liability insurance
Professional liability insurance
Business property insurance
Commercial auto insurance
Business interruption insurance
Commercial umbrella insurance
Construction
Construction workers work dangerous jobs. Construction workers are usually exposed to liability claims that revolve around the services they render, their professionality, property damage, theft, and bodily injury.
The mostly purchased business insurance policies for construction workers in Texas include:
General liability insurance,
Business property insurance,
Business interruption insurance,
Commercial auto insurance, and
Commercial umbrella insurance.
Day Laborer
While a day laborer may not be required to have any business insurance, whoever hires a day laborer needs to have an insurance that can cover the cost of treating or rehabilitating such a laborer should such a laborer get injured on the job. As such, the employer of a day laborer needs an insurance that can cover medical expenses, legal expenses if the day laborer sues the employer.
The employers of day laborers should consider buying the following insurance policies.
General liability insurance
Commercial auto insurance
Professional liability insurance
Electrician
The liability claims that electricians face are mainly about the services they render, bodily injury, property damage, as well as theft. Some of the equipment you use as an electrician can be stolen or get destroyed while working; your clients might be satisfied with your services and decide to sue you. Your client can also accuse you of being negligent maybe because a mistake you make somewhere has caused them some losses. Even some of some employees might get injured while working or while going to the site. Comprehensive business insurance policies can cover the cost of replacement, hospital bills, or lawsuits.
The commonly purchased business insurance for electricians are:
General liability insurance,
Commercial auto insurance,
Business property insurance, and
Commercial umbrella insurance.
Flooring
Workers who specialize in flooring usually face liability claims that have to do with the nature of their services, bodily injury, and property damage. Your clients or a third party may get hurt where you are working and your clients or the affected party blames it on your negligence. This can lead to lawsuits and you may have to settle their medical expenses. You may even lose one of your equipment while working. Business insurance is there to provide some financial cushion for you.
The commonly purchased business insurance coverage for flooring are the following.
General liability insurance
Commercial auto insurance
Commercial crime insurance
Business property insurance
Commercial umbrella insurance
General Contractor
General contractors are usually exposed to liability claims as a result of the services they render, products they use, and the effects of their services on their clients or some other persons. Clients or some other persons can sustain injuries and they blame it on the contractor and contractors can also be sued if they accidentally destroy a property of their clients. Contractors may even need to settle the medical bills of people working for them who get injured.
The mostly purchased business insurance for Texas general contractors include:
General liability insurance,
Commercial crime insurance,
Commercial auto insurance,
Worker’s compensation insurance,
Business property insurance, and
Commercial umbrella insurance.
Handyman
Handymen need business insurance should accidents happen and such accidents cause bodily harm to their clients or third parties. Such accidents might not even cause any bodily harm but property damage to the clients or someone else’s properties. When these happen, your clients or the affected persons may sue you blaming it on your negligence or mistake.
The common business insurance policies that handymen can purchase to protect them against such liability claims include:
General liability insurance,
Commercial auto insurance,
Business property insurance, and
Commercial umbrella insurance.
HVAC
An HVAC contractor has the possibility of having liability claims that involve injuries whether on the part of their client, a third party, or one of the employees. As an HVAC contractor, there is a need to protect your business from claims that may arise from bodily injury, property damage, perceived negligence and oversights. You can also lose your equipment or business properties such as a business vehicle and your employees can also sustain some injuries.
Commonly purchased business insurance for HVAC business are:
General liability insurance,
Commercial crime insurance,
Commercial auto insurance,
Worker’s compensation insurance,
Business property insurance, and
Commercial umbrella insurance.
Janitorial Services
Janitorial services can be hampered by liability claims that revolve round bodily injury, negligence, theft, vandalism, and property damage. The company properties can be stolen or damaged and you as the owner of the business needs an insurance coverage for the replacement of the stolen or damaged vehicle. Your janitorial activities can bring about destruction to your client’s property and your client may lose something and blame it on your negligence and sue you. Your business insurance will have to kick in to offset the legal cost, medical bill or the cost of replacing what was stolen or damaged.
The commonly purchased business insurance for janitorial services are as follows:
General liability insurance,
Business property insurance, and
Commercial umbrella insurance.
Landscaper
Landscaping exposes you to some liability claims from your clients or third parties. Such claims can be on bodily injury, property damage, perceived negligence.
The common business insurance policies purchased by Texas landscapers include:
General liability insurance,
Commercial auto insurance,
Commercial umbrella insurance.
Lawn Care
The major liability claims against which lawn care business needs insurance policies to cover include bodily injury to the client or a third party, negligence or oversight, property damage. The property of a client or a third party can get damaged while you are working. You or your employee can be involved in an accident in the company’s vehicle; business insurance can help settle financial implications of such.
The commonly purchased business insurance coverage for lawn care business include:
General liability insurance,
Commercial auto insurance, and
Commercial umbrella insurance.
Masonry Contractor
Masonry as a business comes with some risks which revolve around bodily injury to your clients, you, your employees, and third parties. The liability claims also include property damage; your tools and other materials to use can be damaged and your client’s or another person’s property can be damaged. Furthermore, your client might not be satisfied with your service. All of these can lead to lawsuits against which you need some coverage.
Masonry contractors in Texas often need the following business insurance policies.
General liability insurance,
Commercial auto insurance, and
Commercial umbrella insurance.
Painter
Painters need business insurance that can protect from liability claims that can arise from bodily injury and property damage from your client or a third party. Your employee can also sue you for bodily injury while your client can accuse you of unprofessionality and sue you. You also need to move some of your working tools, paints and some other materials to use; you need to use your company vehicle to move these things and there are some risks attached to this. Having an appropriate insurance policy can save you some money.
The most considered business insurance policies for painters are:
General liability insurance,
Commercial auto insurance,
Business property insurance,and
Commercial umbrella insurance.
Pest Control
The liability claims that the pest control business often face are in the area of bodily injury, negligence from the pest controller, as well as property damage. You can be sued by your clients or someone else if your service causes them harm or damages their properties. You can lose your equipment while working either as a result of damage or theft.
For pest control business, the following business insurance policies are usually considered.
General liability insurance
Commercial auto insurance
Business property insurance
Worker’s compensation insurance
Commercial umbrella insurance
Plumber
Plumbing comes with its own risks. Some of the liability claims that plumbers can expect from their clients, employees or third parties border on the service rendered, bodily and property damage. Your clients, employee or a third party can sue you if they sustain an injury while doing your plumbing work. Your clients or another person entirely can claim that you destroy their property while you are working and you are expected to fix what is broken or destroyed. This is when your business insurance policies kick in.
Plumbers commonly consider purchasing the following business insurance coverage.
General liability insurance
Commercial auto insurance
Business property insurance
Worker’s compensation insurance
Commercial umbrella insurance
Pool Services
Risks attached to pool services can be grouped under bodily injury, perceived unprofessionality on the part of the pool cleaner, and property damage. Your clients may not be satisfied with the job you do and sue you for it; your clients or somebody else may sue you if your job puts them in harm’s way and they can also sue you if your job damages their property. You and your employee(s) may also have to move to where you are going to work using your business vehicle. These are some of the possible risks that can warrant liability claims. You need business insurance that covers such claims.
Business insurance policies that cover such claims and many more are as follows:
General liability insurance,
Commercial crime insurance,
Commercial auto insurance,
Business property insurance,
Worker’s compensation insurance, and
Commercial umbrella insurance.
Roofer
Roofers need business insurance coverage for their roofing business. The roofing business is always faced with liability claims that involve bodily injury, property damage, as well as the client’s disposition to the service rendered. Your client might not be impressed with the job and sue you for it. Your client or a third party may sue you if your job brings them harm or damages their property. You are exempted as you also have to use your business vehicle to transport yourself, your employee(s), as well as your working tools to the site, you face the risk of accidents which your personal insurance might not cover. Business insurance can cover you in this regard.
Roofers often consider the following business insurance coverage.
General liability insurance
Commercial auto insurance
Business property insurance
Worker’s compensation insurance
Commercial umbrella insurance
Solar Panel Installer
Solar panel installers are liable to be confronted with some liability claims. These claims can be broadly put under bodily harm, professionality and property damage. Your clients can complain about your professionality; your clients or a third party can sue you for bodily harm as a result of your job and they can even sue you and ask you to fix or replace a thing if your work damages their property. You and your employees are also susceptible to harm and your personal insurance might not cover such harm. You need to consider some business insurance policies.
The mostly considered insurance policies for solar panel installers are:
General liability insurance,
Commercial auto insurance,
Business property insurance,
Worker’s compensation insurance, and
Commercial umbrella insurance.
Tree Removal
For tree removal business, the associated liability risks are bodily harm to your clients or a third party, property damage to your client’s or a third party’s property, and perceived negligence. You may not finish the job within the expected time-frame and your client might be satisfied with that. You need business insurance that can help you cover legal, medical, and other expenses.
For tree removal business, you need to consider purchasing the following business insurance policies.
General liability insurance
Commercial auto insurance
Business property insurance
Worker’s compensation insurance
Commercial umbrella insurance
Window and Door Installer
Window and door installers are exposed to liability claims that can either be bodily injury from your client, your employee, or a third party. Your clients may sue you for negligence if they are not satisfied with your job; you can make a mistake and your clients can sue you for it. The job you do may damage your client’s or someone else’s property or even harm them; they can sue you for any of those. Business insurance policies can protect you and your business from the financial hardship that such lawsuits can bring.
The most commonly purchased coverage for window and door installers are:
General liability insurance,
Commercial auto insurance,
Business property insurance,
Worker’s compensation insurance, and
Commercial umbrella insurance.
Window Cleaner
Window cleaner businesses often face liability claims which can result in costly financial responsibilities for the cleaner. The liability claims can be as a result of:
clients not being satisfied with your job,
your job bringing bodily injury to your clients or third parties,
your job damaging your client’s or someone else’s property,
your employee having an accident while working for you,
losing some of your business’ properties such tools, vehicle and cleaning materials to theft or accident, and
sensitive information about your clients being stolen from you either online or offline.
The most commonly considered business insurance for window cleaners are:
General liability insurance,
Worker’s compensation insurance,
Business property insurance,
Commercial auto insurance, and
Commercial umbrella insurance.
Consulting & Certified Professionals
Accountants and Bookkeepers
Accountants and bookkeepers can face liability claims as a result of cyber attacks, fraud, forgery, miscalculation and omission, negligence, bodily injury, and property damage.
Accounting firms and bookkeepers need professional liability coverage, in case their professional advice to the client is wrong, and cyber protection from possible attacks on their computer database, containing personnel files.
The most common business insurance for accountants and bookkeepers in Texas are:
Professional liability insurance (Errors and Omissions insurance),
General liability insurance,
Cyber liability insurance,
Business property insurance, and
Commercial umbrella insurance.
Administrative Services
Administrative service providers may be liable for negligence or oversight.
The commonly purchased business insurance for administrative services in Texas includes:
Professional liability insurance (Errors and Omissions insurance),
General liability insurance, and
Commercial umbrella insurance.
Architect
An architect is a professional, who provides professional advice and service. Your business as an architect can expose you to some liability claims either from your clients or people who work for you. Such claims can be on the services rendered, accidents that happen as a result of your service, and your professional advice. As a result, the most important insurance type for the architect is Errors and Omissions insurance.
The business insurance policies that architects in Texas mainly purchase include:
Professional liability insurance (E&O insurance),
General liability insurance,
Business property insurance, and
Commercial umbrella insurance.
Business Consultants
Other business owners can sue you if the professional business advice you provided to them negatively affects their business. Your professional advice might not have yielded the expected results because of your miscalculation or some errors. Furthermore, you can also be sued if sensitive information about your clients gets leaked through cyber attack. Even accidents that can cause bodily injury or property damage can happen to you, your clients, or third parties. All of these can lead to possible claims.
The business insurance coverages that business consultants in Texas usually purchase include:
Professional liability insurance (Errors and Omissions insurance),
General liability insurance,
Cyber liability insurance, and
Commercial umbrella insurance.
Coaching Services
People who are into coaching services such as life and career coaches have the possibility of facing liability claims which center around the outcome of their professional advice, leakage of their clients’ details as well as damage to people or property.
The business insurance that people in the coaching service business in Texas may need include:
Cyber liability insurance
Professional liability insurance (Errors and Omissions insurance),
General liability insurance,
Business property insurance, and
Commercial umbrella insurance.
Coding and Programming Professionals
Coding and programming professionals stand at the risk of facing liability claims which revolve around the services they render to their clients, loss of data, and cyber attacks.
The most commonly purchased business insurance for coding and programming professionals in Texas are:
Cyber liability insurance,
Professional liability insurance (Errors and Omissions insurance),
General liability insurance, and
Commercial umbrella insurance.
Education Consultants
Education consultants need business insurance against unforeseen occurrences such as accidents, professional advice they give, and theft of clients’ sensitive data.
The commonly purchased business insurance for education consultants in Texas includes:
General liability insurance,
Professional liability insurance (Errors and Omissions insurance),
Cyber liability insurance, and
Commercial umbrella insurance.
Financial Advisers and Consultants
Financial advisers and consultants are liable for giving wrong financial advice, which may be as a result of oversight and/or mistake. Sensitive data concerning their clients can be stolen from them either online or offline. Accidents can happen to anyone either in their office or outside their office. Because of this, financial advisers and consultants need business insurance to cover their business and the cost of settling any business-related claims they have.
The common business insurance for financial advisers and consultants in Texas are:
Professional liability insurance (Errors and Omissions insurance),
General liability insurance,
Cyber liability insurance,
Business property insurance, and
Commercial umbrella insurance.
Insurance Agent
Insurance agents provide professional advice, based on the assessment of the clients needs. In case if erroneous advice was given, professional liability insurance is the most important coverage for an insurance professional.
The commonly purchased business insurance for insurance agents in Texas are:
Professional liability insurance (Errors and Omissions insurance)
General liability insurance,
Cyber liability insurance,
Business property insurance, and
Commercial umbrella insurance.
Insurance Brokers
Insurance brokers, similar to the insurance agents, provide a professional service, so their advice must be protected with a professional liability policy. Their client database can be breached; and the sensitive data of their clients stolen.
The commonly considered business insurance for insurance brokers in Texas are:
General liability insurance,
Professional liability insurance (Errors and Omissions insurance),
Business property insurance,
Cyber liability insurance, and
Commercial umbrella insurance
Interpretation Services
The major issues that interpreters face can be based on perceived quality of interpretation, which can lead to a variety of outcomes, based on what the translated medium was used for. As any other professional service, interpretation professionals are most in need of personal liability coverage.
The most commonly considered business insurance for people in interpretation services in Texas are:
Professional liability insurance (Errors and Omissions insurance),
General liability insurance, and
Commercial umbrella insurance.
Management Consulting
People who are in management consulting need business insurance that can protect their business because of the nature of the services they render. Management consulting firms have access to many sensitive data concerning their clients and these data can be stolen by hacking into their database. Anyone can sustain injuries while working. Clients can also sue management consulting firms if they are not satisfied with the services they receive.
The commonly purchased business insurance coverage for management consulting firms in Texas are:
Professional liability insurance (Errors and Omissions insurance),
General liability insurance,
Professional liability insurance,
Cyber liability insurance,
Business owners insurance, and
Commercial umbrella insurance.
Notary
Notaries are liable to have liability claims on the service they render, damaging properties or equipment, theft and malpractices in carrying out their duty. The documents of their clients can also be stolen in their office or from their online database. Notaries, therefore, need business insurance to cover the cost of any liability claims they face.
The commonly purchased business insurance policies for notaries in Texas include:
Professional liability insurance (Errors and Omissions insurance),
Cyber liability insurance,
General liability insurance,
Business property insurance, and
Commercial umbrella insurance.
Project Manager
Project managers need business insurance that can protect them from possible liability claims which can be as a result of perceived negligence from the project manager, property damage and loss as a result of theft or otherwise, and bodily injury.
The commonly purchased insurance coverage for project managers are:
General liability insurance
Professional liability insurance
Commercial umbrella insurance
Recruiters
Recruiters work with people and their personally identifiable data (PII), while scouting employees for their clients. Insurance may protect the recruiter in case the employer is not satisfied with the recommendations of the recruiter or the recruiting company, or if the PII database is compromised in a security event.
Recruiters may consider the following business insurance coverage for their Texas business:
Professional liability insurance (Errors and Omissions insurance),
Cyber liability insurance,
General liability insurance
Professional liability insurance
Commercial umbrella insurance
Safety Consultants
Safety consultants provide professional advice (consultation) on how safety procedures are to be created and followed. This fact places safety consultants in the need of Errors and Omissions insurance. Safety consultants have the tendency of being sued if someone gets injured or some properties are damaged as a result of the safety recommendations they give.
Therefore, the following are the commonly purchased business insurance by safety consultants.
Professional liability insurance (Errors and Omissions insurance)
General liability insurance
Business property insurance
Commercial umbrella insurance
Tutoring Services
Parents may not be satisfied with the performance of the children despite your tutoring. There may be some errors and oversights in your teaching; this can also lead to being sued. Private tutors have to visit their clients or their clients come to them on a regular basis; accidents can occur and people can sustain injuries and properties can be damaged. Sensitive data on the clients can also be stolen from you.
Therefore, the following business insurance can be considered for tutoring services.
General liability insurance
Professional liability insurance (Errors and Omissions insurance)
Home-based business insurance
Cyber liability insurance
Commercial umbrella insurance
Engineers
Petroleum Engineer
Petroleum engineers usually need E&O insurance if they work as an outside consultant on a project. If their business has an office and vehicles, additional coverages are purchased.
In view of this, petroleum engineers usually obtain the following business insurance policies.
Professional liability insurance (Errors and Omissions insurance)
General liability insurance
Business property insurance
Commercial auto insurance
Cyber liability insurance
Commercial umbrella insurance
Structural Engineer
The integrity of a building depends on the professionalism of structural engineers designing it. This places a tremendous liability on these professionals. As a structural engineer, you can be sued if your clients are not satisfied with the job or the structure damages another structure or brings harm to someone. Just like petroleum engineers, structural engineers also need business insurance policies that can protect their business as well as their services, especially if they are consultants.
Structural engineers oftentime need the following business insurance types.
Professional liability insurance (Errors and Omissions insurance)
General liability insurance
Business property insurance
Cyber liability insurance
Commercial auto insurance
Commercial umbrella insurance
Fitness
Fitness instructors
Fitness instructors need business insurance that can protect them from claims that can border on bodily injury from the instructors themselves or from other people. Clients can also sue fitness instructors if they perceive that the fitness program has an adverse effect on them. Other claims that fitness instructors may face can be in the area of damage to either other people’s properties or their fitness equipment.
The commonly purchased business insurance for fitness instructors are the following.
General liability insurance
Professional liability insurance
Business property insurance
Business interruption insurance
Commercial umbrella insurance
Business owner’s policy
Golf instructors
Golf instructors need business insurance that can cover bodily injuries and harm. They need business insurance that can cover the cost of fixing some damages and the medical bills of accidents that can be recorded while attending to your clients.
These are the most commonly purchased business insurance policies by golf trainers.
General liability insurance
Professional liability insurance
Commercial auto insurance
Business interruption insurance
Business property insurance
Commercial umbrella insurance
Business owner’s policy
Personal trainers
Personal trainers may need business insurance for accidents to themselves or any other person during the course of training their clients. Their client’s or another person’s property can get damaged as a result of their training. Their training equipment may cause an injury to their clients and their clients can also sue them for being negligent. Personal trainers may also have to travel to drive to meet their clients using the vehicle for their business. There are also personal trainers who offer their services online and their clients have to subscribe and pay for the services online; such personal trainers need insurance that can cover the data on their clients.
Therefore, personal trainers need the following business insurance.
General liability insurance
Professional liability insurance
Business property insurance
Business interruption insurance
Commercial auto insurance
Cyber liability insurance
Commercial umbrella insurance
Business owner’s policy
Yoga instructors
Yoga instructors are liable to face liability claims that border on bodily injury or dissatisfaction with what you teach your clients. A third party may even sue you on the basis that you or your clients damage their properties.
These are commonly purchased business insurance by yoga instructors:
General liability insurance,
Professional liability insurance,
Business property insurance,
Business interruption insurance, and
Commercial umbrella insurance.
Zumba Instructors
A zumba instructor can be sued by a third party who feels that their zumba training is disturbing them. Accidents can happen to anyone during the zumba training session and one of the trainees can also sue the trainer for being negligent.
Zumba instructors usually purchase the following business insurance coverage.
General liability insurance
Professional liability insurance
Flight Safety
Airline Pilot (including Copilots and Flight Engineers)
Airline pilot, copilots and flight engineers are usually liable to face liability claims that revolve around:
negligence,
property damage, and
bodily injury.
The commonly purchased insurance coverage for Texas airline pilots, copilots, and flight engineers are:
Pilot liability insurance - covers the actions and liability of the pilot (not the owner of the aircraft)
Passenger liability insurance
If the pilot is the owner of the aircraft, they may also need:
In-flight insurance,
Aircraft hull insurance,
Public liability insurance,
Aircraft crew insurance, and
Medical payments.
Airplane Mechanic
Airplane mechanics are usually exposed to liability claims that have to do with:
bodily injury,
property damage,
perceived unprofessionality, and
property loss.
The most common insurance coverage for airplane mechanics in Texas are:
General liability insurance and
Professional liability insurance (Errors and Omissions insurance).
Air Traffic Controller
The common liability claims that air traffic controllers have to deal with are on:
professional negligence,
bodily injury, and
property damage.
The commonly purchased insurance coverage for air traffic controllers in Texas is:
- Professional liability insurance (Errors and Omissions insurance).
Health & Therapy
Acupuncturist
Acupuncturists may need business insurance should their clients sue them for negligence or the treatment they give their clients worsens their health. An acupuncturist may even be sued for using what the client does want so as to make sure they achieve their aim. Acupuncturists can lose the vital information on their clients and the public can have access to such data; the affected clients can also sue the concerned acupuncturists.
Therefore, the most common business insurance for acupuncturists are:
Malpractice insurance
General liability insurance,
Professional liability insurance,
Cyber liability insurance, and
Commercial umbrella insurance.
Dentist
Clients can sue dentists when they are not satisfied with the service they receive. The family members of the clients can also file lawsuits against dentists if the treatment they give leads to injury or death. The place where dentists are using in treating their clients can be damaged and some unforeseen circumstances can stop the services they render in their office.
As a result, dentists in Texas may have to consider purchasing the following business insurance.
Malpractice insurance
General liability insurance
Professional liability insurance
Cyber liability insurance
Business property insurance
Commercial umbrella insurance
Family Counselor
Family counselors need business insurance that can cover against lawsuits if their clients sue them on the premise that information about them gets to some people through their counselor. Accidents can happen to the counselor or their clients in the counselor’s office. The office space or the furniture in the office of the counselor can be damaged accidentally. Family counselor can also be sued for being careless or negligent.
Family counselors usually consider buying the following business insurance policies for their business.
General liability insurance
Professional liability insurance
Cyber liability insurance
Business property insurance
Hypnotherapist
Hypnotherapists need business insurance in case their clients sue them for a treatment they claim has negative effects on them. Hypnotherapists also need insurance that can cover their office space and their equipment. Your client can also sue you for malpractice.
The most commonly purchased business insurance for hypnotherapists include:
General liability insurance,
Professional liability insurance (Errors and Omissions insurance),
Commercial auto insurance,
Business property insurance, and
Commercial umbrella insurance.
Massage Therapist
Massage therapists are usually exposed to liability claims which border on injuries, negative reactions to some products used in massaging your clients. Mishaps can also happen in your massage room and you can be sued for being negligent. Your clients may not be satisfied with your service as they claim your service worsens their health.
So, you can consider the following business insurance which can cover legal and medical bills as well other costs.
General liability insurance
Professional liability insurance
Commercial umbrella insurance
Mental Health Counselor
Mental health counselors are liable to have liability claims which can center around unprofessionalism, negligence, accidents as well as the quality of the service received. Accidents can happen; furniture and some other things in your workspace can be broken during your counseling session. Furthermore, your clients can sue you if there is any breach to the supposed confidential information about your clients. You need business insurance policies that can cover all of these.
The most commonly considered business insurance by mental health counselors are the following.
General liability insurance
Professional liability insurance
Business property insurance
Cyber liability insurance
Commercial umbrella insurance
Nurse
Nurses can be sued by their clients or their relatives if the care they receive threatens their health or even leads to death. Patients can also sue nurses for being negligent and unprofessional.
Texas nurses commonly purchase the following business insurance policies.
- Malpractice insurance
Medical Doctor
Medical doctors are prone to be sued by their patients or their relatives in relation to the service they receive or the outcome of the service they receive. There can be property damage as well as bodily damage. Therefore, medical doctors need some basic business insurance.
The commonly purchased business insurance by medical doctors are:
Malpractice insurance,
General liability insurance,
Professional liability insurance,
Business property insurance,
Commercial auto insurance,
Cyber liability insurance, and
Commercial umbrella insurance.
Occupational Therapist
Occupational therapists are not exempted from the possibility of being accused of malpractice or being negligent. Accidents can happen to anyone, be it the clients themselves or some other persons, and the therapists can be sued for being responsible for the accidents. When an accident occurs, properties including the therapists’ equipment and some other belongings can be damaged. Having business insurance that can cover the expenses of any of the unforeseen circumstances serves as a buffer for occupational therapists.
The most commonly purchased business insurance policies by occupational therapists in Texas include:
General liability insurance,
Professional liability insurance,
Business property insurance, and
Commercial umbrella insurance.
Optometrist
Just like other medical professionals, optometrists may face liability claims that have to do with perceived mistakes they make in carrying out their service. Your clients can sue you on the basis that the product such as the eye glasses you recommend worsens sight. Your equipment can get damaged and your office space can be damaged too.
Optometrists in Texas usually purchase the following business insurance coverage.
Malpractice insurance
General liability insurance
Professional liability insurance
Product liability insurance
Business property insurance
Commercial umbrella insurance
Pediatrician
Pediatricians are exposed to possible liability claims because of the sensitivity attached to their profession. The treat they give patients can have adverse effects on such patients and the parents of such patients can sue you as a pediatrician. The parents of your patient might not be comfortable with the way you attend to their children and they can file a lawsuit against you. The records of your clinic can be compromised and this can lead you to being sued.
Therefore, pediatricians often consider purchasing the following business insurance.
Malpractice insurance
General liability insurance
Professional liability insurance
Business property insurance
Commercial auto insurance
Cyber liability insurance
Commercial umbrella insurance
Pharmacists
Pharmacists need business insurance policies that can protect them and their business against liability claims from their clients or a third party. Liability claims that pharmacists face center around the service they provide, products they prescribe as well as the perceived danger that the pharmacist’s office space, professional activities or the products they sell pose to their clients or some other person.
As a result of this, pharmacists in Texas may want to consider purchasing the following business insurance coverage.
Malpractice insurance
General liability insurance
Professional liability insurance
Business property insurance
Cyber liability insurance
Commercial auto insurance
Commercial crime insurance
Commercial umbrella insurance
Physician
Physicians need business insurance policies that can protect their business. The possible liability claims that physicians possibly face can be as a result of the way they provide their services, theft, costly mistakes they make or the negative effects that their services or their office space have on their clients or a third party.
The common business insurance coverage that physicians buy include:
Malpractice insurance,
General liability insurance,
Professional liability insurance,
Cyber liability insurance,
Business property insurance, and
Commercial umbrella insurance.
Psychiatrist
Psychiatrists face possible liability claims for different reasons. Such claims are based on the service received, breach in confidentiality, bodily harm to you, your clients, a third party, and property damage.
Psychiatrists in Texas commonly purchase the following business insurance policies.
General liability insurance
Professional liability insurance
Cyber liability insurance
Business property insurance
Malpractice insurance
Commercial umbrella insurance
Psychologist
Psychologists can have liability claims if their clients are not satisfied with the treatment they get or if vital information about them which was shared with the psychologist gets leaked. Other things that warrant purchasing business insurance can be based on bodily injury, property damage as well as theft.
The common business insurance for psychologists in Texas include:
Malpractice insurance
General liability insurance,
Professional liability insurance,
Cyber liability insurance,
Business property insurance, and
Commercial umbrella insurance.
Social Workers
Social workers are liable to face lawsuits that border on the services rendered, the effects of your services on your clients, property damage, bodily injury on your clients or some other people and cyber attacks.
The most commonly purchased business insurance coverage by social workers in Texas are:
General liability insurance,
Professional liability insurance,
Cyber liability insurance,
Business property insurance,
Commercial auto insurance, and
Commercial umbrella insurance.
Surgeon
Surgeons are also exposed to liability claims because of the delicate nature of their profession. Such claims border on losses (on the part of the surgeon, the patient or a third party), perceived negligence, data breach and so on.
The most commonly purchased business insurance coverage for surgeons in Texas are:
Malpractice insurance,
General liability insurance,
Professional liability insurance,
Business property insurance,
Cyber liability insurance, and
Commercial umbrella insurance.
Therapist
Liability claims that therapists face center around the loss of personal information about clients to cyber attacks, perceived negligence on the part of the therapist, bodily injury to clients or a third party, and professional advice not yielding the expected result. Clients, even relatives or friends of your clients, can sue for negligence if they sustain any form of bodily injury when they visit your office. Having correct business insurance coverage can limit the financial effects of such claims on your profession or business.
As a therapist in Texas, you can consider purchasing the following business insurance policies to protect your business.
General liability insurance
Professional liability insurance
Cyber liability insurance
Business property insurance
Commercial umbrella insurance
Veterinarian
Veterinarians can face liability claims as a result of misdiagnosis of pets; the owners of pets can sue them claiming they are negligent in treating their pets. Pets can get out of their enclosures and destroy some things in the hospital or properties of another person. Pets can even die as a result of the veterinarian’s negligence or misdiagnosis and they can even be stolen by anybody. These can expose the veterinarian concerned to liability claims that can have negative effects on their business.
Therefore, veterinarians in Texas oftentime consider purchasing the following business insurance coverage to shield their business.
Malpractice insurance
General liability insurance
Professional liability insurance
Commercial auto insurance
Business property insurance
Commercial crime insurance
Commercial umbrella insurance
Legal
Attorney / Lawyer
Attorneys are not exempted from facing liability claims from their clients or third parties. Lawyers often face liability claims that have to do with the service they render and the effects of the service on persons or properties of either their clients or third parties. The liability claims that lawyers/attorneys often face are on:
legal malpractice,
bodily injury,
property damage,
missed deadlines, and
breach of your client’s sensitive data.
The commonly purchased insurance coverages for attorneys/lawyers in Texas are:
Legal malpractice insurance,
General liability insurance,
Professional liability insurance (Errors and Omissions insurance), and
Cyber liability insurance.
Marketing
Digital Marketer
Digital marketers often face liability claims that border on service delivery, loss of money or other valuable assets, property damage, and bodily damage. Your client can sue you for negligence and claim that your negligence in your service delivery has cost them some things; your clients or third parties can also claim that your service has brought them bodily injury and sue you for that. Your digital marketing company may also become a victim of cyber attacks and thereby lose some vital information about your clients. Your business insurance kicks in when such claims arise.
The most commonly considered coverage for digital marketers are:
General liability insurance,
Cyber liability insurance, and
Commercial umbrella insurance.
Graphic Designer
Graphic designers often have the risk of losing their clients’ vital details online or offline to cyber attacks; they can also be accused of negligence. Tools of trade can be stolen and you can also be sued by another person on the premise of copyright. You can also be sued on the premise that your service causes some people or your client some damage. Against all of these, you need business insurance coverage.
The commonly purchased business insurance coverage for graphic designers are:
General liability insurance
Business property insurance
Commercial umbrella insurance
Marketing Consultant
The possible liability claims that marketing consultants often face are in the areas of the outcome of the service rendered and either bodily or property damage that your client or a third party records as a result of your service. Your professional input may not yield the expected result and this might cost your client their image or some money; your client can sue you for this. While executing the professional piece of advice you give your client, your client or someone else may sustain an injury or your client or someone else might lose their property; they can blame this on your negligence. These are some of the unforeseen circumstances from which you need business insurance coverage.
Marketing consultants often consider purchasing the following business insurance coverage.
General liability insurance
Professional liability insurance
Business property insurance
Cyber liability insurance
Commercial liability insurance
Photographer
The liability claims that photographers often face are on the nature of the service received, bodily injury to the client or a third party, property damage, and, but not limited to, theft. Your client might not like your service; your service may cause your client or a third party bodily harm and they can even lose their property. You as a photographer may even lose your gadget to theft or destruction. Some unforeseen circumstances like a pandemic may even stop you from working. Business insurance can protect you in case of these unforeseen circumstances.
The most commonly considered business insurance coverage for photographers are:
General liability insurance
Business property insurance
Commercial auto insurance
Commercial umbrella insurance
Video operator
Video operators are liable to face liability claims that border on the professionality of your service, bodily injury to your client, your employee or somebody else, damage to your client’s or another person’s property. You can also lose one of your gadgets while shooting a video. These and many more can amount to expensive financial claims which you have to settle out of your pocket if your business does not have any insurance coverage. Having a business insurance coverage saves you a lot of money should you be faced with any of these claims.
The video operators oftentime consider purchasing the following coverage for their business.
General liability insurance
Business property insurance
Commercial auto insurance
Commercial umbrella insurance
Drone Video Operator
The possible liability claims that drone video operators oftentime face are on negligence, property damage as well as bodily harm. If you do not complete your work within the time you are expected to complete it and the shooting costs your client more money, your client can sue claiming negligence on your part. Others or your client can get hurt during your shooting and you can damage your gadget, your client’s property or another person’s property. All of these can lead to possible financial claims. Some environmental events may stall your shooting and you and your client lose some money as a result. You need business insurance coverage against all of these.
The most common business insurance coverage for drone video operators are:
General liability insurance
Business property insurance
Commercial auto insurance
Commercial umbrella insurance
Web Designer
As a web designer, there is a possibility of facing liability claims that revolve around negligence with your client’s job and data, bodily harm to your client or another person, and property damage to your client’s or someone else’s property. One of your employees or anyone can steal your gadget and you can also be involved in an accident while working. These are some of the possible situations that can lead to huge liability claims. However, business insurance can mitigate the possible effects of such claims.
The commonly purchased insurance coverage for web designers are:
General liability insurance
Professional liability insurance
Business property insurance
Commercial crime insurance
Commercial auto insurance
Commercial umbrella insurance
Property Professionals
Insurance Inspector
Insurance inspectors are oftentime exposed to liability claims on the service rendered, perceived negligence, bodily harm, as well as property damage. You can make a mistake while inspecting a property to be insured and this can get this property underinsured or over insured. This can lead you to be sued by either the property owner or the intended insurer. While inspecting a property, an accident can happen and this accident either causes some damage either to a person or a property. You may need to foot the bill for treatment or fixing what is destroyed. You may have to use your business vehicle to get to where you are going to work and you can also be involved in an accident. Having business insurance for your business is the surest way of settling such bills.
Insurance inspectors commonly consider the following insurance coverage.
General liability insurance
Professional liability insurance (Errors and Omissions insurance)
Commercial auto insurance
Commercial umbrella insurance
Insurance Adjuster
The professional information that an insurance adjuster gives concerning a claim might be inaccurate as a result of an oversight and such an insurance adjuster can be sued for negligence. Bodily as well as property damage can be recorded while the adjuster is working and this can also lead to a liability claim. Sensitive information about an insurer and the insured can be stolen from the insurance adjuster.
The commonly purchased business insurance coverage for insurance adjusters are:
Professional liability insurance
Commercial auto insurance
Commercial umbrella insurance
Land Surveyor
Land surveyors are exposed to liability claims which are based on client’s dissatisfaction with the survey job, someone getting injured as a result of your job, or you losing your equipment while using them or while moving them to where they will be used. Furthermore, you also can be involved in an accident while using your business vehicle for a job. All of these can lead to liability claims that you will need insurance coverage for.
The most commonly considered insurance coverage for land surveyors are:
General liability insurance
Professional liability insurance
Commercial auto insurance
Commercial umbrella insurance
Real Estate Agent
Real estate agents are often exposed to liability claims on negligence, dissatisfaction with the service rendered, loss of vital data about clients as a result of cyber attacks, bodily damage, as well as property damage. You as a real estate agent often have to use your company vehicle to drive yourself and/or your clients to look at properties or sale and rent; when an accident occurs with the company vehicle, your business insurance can cover the medical as well as other expenses that your personal insurance coverage cannot cover.
Real estate agents commonly consider purchasing the following business insurance coverage.
General liability insurance
Professional liability insurance
Business property insurance
Cyber liability insurance
Commercial auto insurance
Commercial umbrella insurance
Real Estate Landlords
Real estate owners’ business operates by providing space for use by tenants - for residential or commercial use. In both situations, the owner of the property needs to be protected at least against the two main risks:
property damage and its mitigation process
liability claims (from the tenants and their guests)
Texas real estate owners commonly carry the following landlord insurance coverage:
Landlord Liability / Lessor Risk
Rent Loss coverage
Commercial landlord insurance
Commercial property insurance
Guaranteed income insurance (Loss of Rental income)
Flood damage
Rebuild Cost
Emergency repair coverage
Leasehold interest coverage
Retail Industry
Product Manufactures
Any business that creates a product, manufactures it, distributes it, and/or sells it - needs product liability insurance, which protects the company from liability claims due to injury, property damage, or defects.
The commonly purchased business insurance coverages for product manufacturers in Texas are:
Product liability insurance,
General liability insurance,
Business property insurance,
Business interruption,
Commercial auto insurance,
Commercial crime insurance, and
Commercial umbrella insurance.
Appliance Stores and Distributors
For appliance stores and distributors, the common liability claims that border on:
bodily injury,
theft of goods and vital information about your clients through cyber attack,
faulty appliance, and
property damage.
Against these claims and many more, the commonly purchased coverage by appliance stores and distributors in Texas are:
General liability insurance,
Business property insurance,
Business interruption,
Product liability insurance,
Cyber liability insurance,
Commercial auto insurance,
Commercial crime insurance,
Goods/products insurance (Inland/ocean marine insurance),
Commercial umbrella insurance.
Bars
Bar owners need to have business insurance that can cover their business from the possible costly liability claims that can be based on:
bodily injury,
perceived or alleged unfair treatment and harassment,
property damage, and
the drinks served.
Accidents can lead to bodily injury as well as property damage. Whoever is a victim of such accidents caused by your business can sue you or expect you to cover their medical bill or expect you to replace what they lose.
The commonly purchased business insurance coverage by bar owners in Texas are:
General liability insurance,
Liquor liability,
Food Spoilage insurance
Business property insurance,
Business interruption,
Commercial auto insurance,
Commercial crime insurance, and
Commercial umbrella insurance
Clothing Stores
For your clothing store, you need business insurance coverage against liability claims that can involve bodily injury, property damage, and theft of goods and vital information about customers from your database.
The commonly purchased business insurance coverage for clothing stores in Texas are:
General liability insurance,
Business property insurance,
Cyber liability insurance,
Business interruption insurance,
Product liability insurance,
Commercial crime insurance, and
Commercial umbrella insurance.
Electronics Store and Distributors
Electronics stores and distributors often face liability claims which revolve around bodily injury, property and goods damage, and theft of goods and sensitive information about clients. Anyone including employees can steal any goods from the store and, while distributing and delivering goods, anybody can be a victim of an accident. All of these can warrant liability claims which can have a devastating financial implication on your business. Therefore, having good business coverage can save you a lot of money.
For electronics stores and distributors, the most common business insurance coverage are:
General liability insurance,
Business property insurance,
Business interruption,
Cyber liability insurance,
Commercial auto insurance,
Commercial crime insurance,and
Commercial umbrella insurance.
E-commerce Businesses
E-commerce businesses are often exposed to liability claims connected to:
property damage,
bodily injury,
cyber attacks, and
theft of goods whether in the store or during the delivery.
The commonly purchased coverage for e-commerce businesses in Texas are:
General liability insurance,
Professional liability insurance,
Business property insurance,
Cyber liability insurance,
Business interruption insurance,
Commercial crime insurance, and
Commercial umbrella insurance.
Flower Shops
The possible liability claims that florists often face are on:
perceived negligence,
bodily injury, and
property damage.
There may be some flowers in your shop to which your client or another person is allergic and thereby bring harm to them; and what you do in your shop can even bring about property damage to your client or even the place you are using. What if you use a business-owned vehicle to make home order deliveries? This is another reason you need business insurance coverage.
The mostly considered business insurance coverage for flower shops in Texas are:
General liability insurance
Business property insurance
Business interruption insurance
Cyber liability insurance
Commercial auto insurance
Commercial umbrella insurance
Home Furniture Stores
Home furniture stores are usually exposed to liability claims on:
the service rendered,
bodily injury caused by the goods in your store,
property damage caused by the goods in, and
theft of goods and sensitive information through cyber attack.
The commonly considered business insurance policies for home furniture stores in Texas are:
Business property insurance,
General liability insurance,
Business interruption,
Product liability insurance, and
Commercial umbrella insurance.
Jewelry stores
The major liability claims against which you need to protect your jewelry store are related to:
theft,
bodily injury,
property damage, and
perceived negligence.
The most commonly considered insurance coverage for jewelry stores in Texas are:
Business property insurance,
General liability insurance,
Cyber liability insurance,
Commercial crime insurance, and
Commercial umbrella insurance.
Restaurants
Restaurants are oftentime exposed to liability claims that have to do with the service rendered or for damages to the guests. The prime example is slipping on the wet and possibly unmarked floor. Some customers may sue you for being negligent or unprofessional; a customer or a third party may be injured as a result of what goes on in your restaurant while your client’s, a third party’s or even your restaurant can be damaged by fire or some other thing. Your employees might be stealing from you and anyone using your restaurant’s vehicle for deliveries can be involved in an accident. A business insurance policy can cover the expenses that come with those claims.
The commonly acquired business insurance coverage for restaurants in Texas are:
General liability insurance,
Liquor liability insurance,
Food spoilage insurance
Business property insurance,
Business interruption,
Professional liability insurance,
Commercial auto insurance,
Commercial crime insurance, and
Commercial umbrella insurance.
Transportation
Trucking Companies
Truckers spend most of the time on the road, in loading docks, and in ports. This exposes them to multiple liabilities that they need to protect themselves from. Additionally, due to the trucking industry’s lack of drivers, companies use insurance coverage as a retention tool, by competing against each other in the quality of medical care.
The commonly purchased business insurance coverages for trucking companies in Texas are:
Commercial auto liability insurance,
Auto physical damage,
Cargo coverage (Inland Marine),
General liability insurance,
Business property insurance,
Business interruption,
Commercial crime insurance,
Commercial umbrella insurance, and
Health insurance (usually including Telemedicine)
