Knowing what business insurance covers in Texas is essential for managing risk in any industry or business. As a business owner, you’ve likely withstood the test of time. You had the idea for a product or service, cultivated it through the years, and beat the odds. There is no business owner job description that can prepare you for the sacrifice and determination you will need to succeed. With that success comes risk. For that, you need the right business insurance coverage to make sure both you and the business are protected from the risks associated with your industry.

Different Types of Business Insurance Coverage

There are some business insurance coverages that every business must carry, but what other policies should you consider? Every business is different, but generally, we suggest insuring any essential assets with significant financial value, as well as those that provide additional protection for your customers and employees.

General Liability Insurance Coverage

General liability insurance coverage protects against property damage, injuries, medical expenses, lawsuits, and other general liability concerns.

Commercial Property Insurance Coverage

Whether damaged by storms, fires, vandalism, and other methods, commercial property insurance coverage can protect against the loss of your business property.

Professional Liability Insurance Coverage

Professional liability insurance coverage can help protect against financial loss as a result of negligence and errors.

What is the Cost of Business Insurance Coverage?

The average cost of business insurance coverage varies greatly depending on many factors. This includes the location, size, value, industry, and overall risk level of your business. If your business requires commercial machinery and equipment, then your coverage must match the replacement cost of the equipment at the bare minimum.

Texas Business Insurance Coverage for You

Hotchkiss Insurance invites you to start a conversation with us about the specific Texas business insurance coverage needed to best manage the risks to you and your business. Founded in 1975, our team of insurance specialists has the expert knowledge you need to minimize risk and maximize profit for your growing business. From commercial contractors to home builders, restaurants to schools, religious institutions, manufacturers, tech start ups, energy companies, and more. We look forward to serving you.

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