Texas General Liability Insurance – TX

Texas General liability insurance is must-have coverage to have for most businesses big or small.

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This type of insurance covers your business against several claims stemming from injury to third parties or your customers.

The fact is that all businesses face some form of risk, which is why they need general liability insurance.

This type of coverage can help protect your business against claims relevant to malpractice or bodily offenses.

General liability insurance in Texas is available in several types of coverage, and the one you must have will depend on the form of business you have.

For example, if you run a construction business, then you will opt for a higher level of general liability insurance coverage.

Texas General liability insurance

5 Key Reasons Why You Require General Liability Insurance in Texas

One of the many common questions business owners ask is do I really require general liability insurance? And the short answer is Yes!

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As a business founder, you should already know that growing any kind of business is already risky.

General liability insurance in Texas not only protects your business against claims stemming from injury and property damage, but also from any liabilities as a tenant if you are renting a property.

Further, it offers coverage for not only your business, but also your coworkers against claims resulting from injury or property damage to third parties.

Apart from being an important part of your business, here are 5 great reasons your business should have general liability insurance.

Workers’ Compensation Insurance in Texas

If you are a handyman, you already know about the cash you can give up if you fall ill.

As a handyperson, you are not protected by government workers’ compensation benefits, therefore you should check out TX handyman insurance.

Research indicates that injuries to independent workers in Texas were up by a whopping 12 percent.

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When you invest in Texas general liability insurance, you are protected financially for medical costs related to the injury at the workplace.

Depending on the general liability insurance policy you select, you may also be eligible for pay for the time you are off work.

Third-Party Bodily Injury Protection

This is perhaps the biggest reason to invest in general liability insurance in Texas.

If your company runs services that can cause injury to others including customers, then buying general liability insurance should not be an option.

One great example of this is TX dog walker insurance, which shields your pet sitting business if the animal causes hurt to others.

Another example is when you are repairing your client’s drywall, and they slip over your tools, then you will be have to pay for their injury.

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If you have general liability insurance in Texas, your policy will pay for the fees of these claims.

Third-Party Property Damage

Another crucial reason to get general liability insurance in Texas is to safeguard your business from third-party property damage.

For example, you are fixing your customer’s roof, and you mistakenly damage an expensive vase, then you will have to pay for the damages.

Depending on the cost of what you damage, you may have to pay for these claims from your own cash, that is if you do not have a general liability insurance policy.

Advertising Damages

Texas General liability insurance can help protect your business against any lawsuits stemming from claims that you failed to deliver services as promised.

Things such as negligence can be included under a general liability insurance policy.

General liability insurance can also sometimes include professional liability insurance, so speak to your insurance agent to check if they give this kind of insurance.

While general liability insurance protects your business against many different sorts of claims, professional liability insurance is more specific towards errors you make in your business services.

Product Liability

If you are manufacturing and selling merchandise under your own brand, then it is crucial to have general liability insurance in Texas, and here is why!

If a client claims bodily injury due to the use of your company’s products, then general liability insurance will shield you against these kinds of claims.

And if you sell your products on the web, then it is a great idea to check out TX eCommerce insurance to better protect your interests.

Take, for example, your business is selling facial creams, and a person has an allergic reaction to your cream, then general liability insurance can help cover costs if you get sued.

What is Not Protected Under General Liability Insurance?

Depending on the kind of general liability insurance you choose, there are certain things that may not be covered under your insurance contract.

The first thing that may not be protected is against lawsuits not related to your services. Employee accidents may also not be covered under your general liability insurance terms.

As a business, you may be hauling several expensive tools in your truck or even at your end user’s property.

If these accessories do get stolen, you will require specialized general liability insurance.

In the case of theft of your personal tools, your car insurance policy will not cover these items against theft.

Another area where general liability insurance may not offer compensation is if you make errors in your services.

When investing in general liability insurance, you should choose your coverage limit wisely. Because your general liability insurance policy will not cover costs that are higher than your policy limit.

Different Kinds of General Liability Insurance

General liability insurance is an umbrella term for many types of insurances, most notably:

General Liability Insurance

Also known as CGL commercial liability insurance or BL kind of insurance covers your business against claims that cause bodily injury or property damage to third parties.

Further, general liability insurance also covers your company against reputational harm or errors in your advertising.

A few examples of things general liability insurance will protect your business against include property damage, advertising errors, and reputational harm.

Professional Liability Insurance PL

Also dubbed as errors and omissions insurance, professional liability insurance comes with claims against your business that arise from errors in the services you offer.

For example, if you are a chartered accountant that provides a client with wrong figures, and they sue you, professional liability insurance will cover the legal expenses.

If you provide professional services to people, then you should as your insurance agent about professional liability insurance.

Employer Liability Insurance

If your business has several workers, opting for employee liability insurance is a good idea.

This form of insurance protects your workers against any injury they may experience at the work location.

Additionally, employer liability insurance can also pay for disability benefits, missed wages, and funeral costs.

What is the Price of General Liability Insurance?

The cost for general liability insurance varies across insurance providers. It depends on several different factors including the kind of business you are handling.

For example, if you are running a drywall business, then the charge for your premiums will be more than other forms of businesses, hence you should explore TX roofing insurance.

But to give you an approximate idea, general liability insurance costs $40 per month, but a little lower if you opt to pay annually.

High-risk businesses can expect to pay higher premiums such as landscaping categories.

You can save funds if you pay for your insurance plan in full annually.

Further, you can also save cash on your general liability insurance policy if you group all your policies under one insurance provider.

You should also minimize your organization’s claims on your general liability insurance plan.

How to Look For General Liability Insurance Companies in Texas?

When searching for the best general liability insurance agent in your state, it is important to check the agency’s reputation.

You should then determine your coverage limit, where the higher the insurance coverage, the higher the charge of premiums.

But it is highly important that you select the right amount of coverage.

If you are unsure about the coverage limit you need, speak to your general liability insurance agent to help evaluate your business risks for the right coverage limit.

But $1 million and $2 million are the most chosen coverage limits of general liability insurance.