Being a business owner comes with risk. But you can prepare for some risks with commercial insurance. Here in Houston, TX, there are a few critical commercial insurance policies every business should have.

Commercial Property Insurance

Property insurance is a must. This policy protects your business’s physical property from damage or destruction. It can cover your business’s building and any equipment or inventory inside.

If your business is in an area prone to hurricanes or flooding, ensure your property insurance policy includes coverage for those types of disasters.

Commercial Auto Coverage

Similar to insurance for a personal vehicle, commercial auto insurance covers vehicles used for business purposes. This includes company cars, trucks, vans, and other vehicles.

You need commercial auto insurance if your business uses vehicles to transport goods or customers. This policy can cover repairs or replacement if your car is damaged in an accident. It can also provide liability coverage if your business is sued over an accident.

Liability Insurance

Liability insurance protects your business from claims of bodily injury or property damage caused by your business operations. If a customer slips and falls in your store, or if one of your products damages someone’s property, liability insurance can help cover the costs of any legal claims.

Product liability insurance is a type of liability insurance that explicitly covers claims arising from defective products. If you manufacture or sell products, this is essential coverage to have. Speak with an Insurance Over Texas representative to see how much coverage you need.

Workers’ Compensation Insurance

If you have employees, you are required by law to carry workers’ compensation insurance. This policy covers medical expenses and lost wages for injured employees who become ill because of their job.

Not all commercial insurance policies are required by law. But they can still be important for protecting your business. Talk to your insurance agent at Insurance Over Texas about the right coverage for your Houston, TX business.