Texas is different from most other states because it doesn’t generally mandate workers’ compensation insurance. However, this coverage is still an appealing option for most business owners, as it can pay for medical costs and partial missed wages from a work-related injury or illness. Companies that contract with government entities are required to have coverage.
All business-owned vehicles in Texas must be covered by commercial auto insurance. Texas requires a minimum of $30,000 bodily injury liability per person, $60,000 bodily injury liability per accident, and $25,000 property damage liability per accident.
Though it's not required, personal vehicles driven for work purposes should be covered by hired and non-owned auto insurance, as personal auto policies usually exclude business use. It can be added to general liability insurance or a business owner's policy.
This policy is important for all Texas businesses. It covers common risks, including customer property damage and injuries. Most commercial leases require this coverage.
This policy, also called errors and omissions insurance, protects professionals whose work depends on their expertise. It covers client lawsuits over mistakes and missed deadlines.
This policy helps Texas businesses survive data breaches and cyberattacks by paying for client notification costs, legal fees, and other related expenses.
This policy bundles property insurance and general liability insurance in one plan. It's often the most cost-effective type of commercial insurance for a Texas business.
Workers’ compensation insurance is beneficial for Texas businesses that employees. It can cover medical costs for work injuries and illnesses.
This policy is required for business-owned vehicles in Texas. It covers injuries and property damage in an accident, along with vehicle theft, vandalism, and weather damage.
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In Texas, insurance agents, agencies, and brokers are licensed by the Texas Department of Insurance. Insureon is licensed in Texas as BIN Insurance Holdings LLC (NPN 15752926) for property and casualty insurance (license number 1621975) and for surplus lines (license number 1624752). You can verify our licensure with the Texas Department of Insurance by entering our license number in the Agency License Search.