Commercial Insurance
Do you own a business in the state of Texas? If so, we can help you here at Rapid Rates Insurance to obtain the right amount of coverage needed to protect your business. Having business insurance is essential because not all accidents can be prevented. Protecting your business the right way means you avoid the risk of putting your company in financial jeopardy.
Commercial Insurance Requirements
In Texas, all businesses are required to obtain workers’ compensation insurance for all employees, no matter if they are working part-time or full-time.
Workers’ comp insurance is beneficial because it covers medical expenses for work-related illnesses and injuries. In addition, it provides disability benefits for workers that have been injured.
Furthermore, you must obtain commercial auto insurance if you have any vehicles used for your business. You must also make sure that your policy has at least the minimum limits for bodily injury and property damage:
- $30,000 for each person injured in an accident
- $60,000 for all people injured in an accident
- $25,000 for all property damaged in an accident
Commercial Insurance Coverage
You can choose from any of the following insurance coverage to keep your business protected:
- General liability- All Texas businesses can take advantage of this policy since it protects against third-party risks. You may also find that your commercial lease may require this.
- Professional liability- This will protect your business if your business provides professional advice or services. It also works to cover lawsuits in relation to work performance.
- Cyber liability coverage- This will protect your business against cyberattacks and data breaches. This is highly recommended if your business handles credit card numbers, etc.
- Business owner’s policy- This is a combination of property insurance and general liability coverage in one policy. Many businesses find this policy extremely useful and effective.
Quotes
To obtain a quote for commercial insurance, please give us a call here at Rapid Rates Insurance. We are located and serve all businesses in the state of Texas.
