Texas Commercial Insurance Coverage
If you own a business in Texas, certain commercial insurance policies are necessary. When shopping for commercial insurance, it's best to work with an independent agency like Woodby Insurance Agency. Unlike their larger counterparts, independent insurance agencies are able to provide customers with one-on-one, individualized attention so that they can find commercial insurance policies tailored to their unique needs.
Texas Commercial Auto Insurance
If you or one of your employees is involved in an accident while driving or riding in a company vehicle, your commercial auto insurance policy will protect you against certain losses. Depending on the level of coverage you purchase, your policy may cover liability claims of injury or property damage, damage to your company vehicle, claims of injury from your employees, and/or other services such as towing.
Texas Commercial General Liability Insurance (CGL)
Commercial General Liability Insurance, or CGL, protects your company's assets and pays for certain obligations you may incur, such as medical bills when someone gets hurt on your property. CGL also covers claims of property damage or injuries that you or your employees caused. Depending on the type of policy you purchase, the cost of legal defense and liability settlements may be covered as well.
Texas Commercial Property Insurance
If your company owns real estate, you need commercial property insurance. Commercial property policies insure your buildings and the surrounding property against damage caused by certain covered events, such as fires or inclement weather. If a named event damages or destroys your property, you can use the money from the policy to repair or rebuild. Some policies also cover your equipment, inventory, and other items stored on the premises.
Texas Workers Compensation
If your company has one or more employees, workers compensation insurance is essential. Workers compensation policies provide for certain expenses when employees sustain injuries on the job or contract work-related diseases. Policies may cover employees' medical bills, prescriptions, and lost wages.
Texas Business Owner Package (BOP)
Texas companies that require both commercial general liability insurance and commercial property insurance may be able to save money by purchasing a business owner package, or BOP. BOP policies protect businesses against third-party claims of injury or property damage that occurs on company premises or as a result of yours or your employees' actions. These policies also protect your company's property against damage or theft-related losses.
To learn more about your commercial insurance coverage options, contact Woodby Insurance Agency today.