Business

What Types of Insurance Does Your Business Need?

BIG of Texas offers a full line of business insurance products for Texas businesses such as:

  • Business Packages
  • Commercial Auto
  • Commercial Property
  • Vacant Property
  • Umbrella
  • Builders Risk
  • …and more

Most businesses will have a general liability policy. In addition to that, companies can protect themselves with several types of surety bonds.

Companies can also invest in EPLI (Employment Practices Liability Insurance) to cover legal action initiated by past, present, or prospective employees claiming discrimination.

E&O (Errors and Omissions) insurance covers professional liability in cases where a client claims negligence by a member of the company. Cyber attacks against the business are covered by cyber liability insurance. These policies protect the company’s interests if hackers breach customer or employee information from the company’s online servers.

Businesses also need workers compensation policies, which cover the company’s costs if a worker is injured or becomes sick on the job. Since every industry faces a different set of workers comp issues, BIG of Texas offers specialized policies for specialty markets, including industrial and construction workers, medical staff, fitness instructors, hospitality workers, and more.

Fleet and commercial auto insurance protects your business on the road. If an employee is involved in an accident while using a company vehicle, these policies protect your property as well as any injuries incurred. Likewise, property insurance assures you’re covered if your property is damaged by a covered peril such as a bad storm. Umbrella insurance is a comprehensive policy to include company vehicles, business owned properties, and other liabilities.

Landlords, developers, and others in the real estate industry need vacant property insurance. Ordinary property insurance policies do not cover uninhabited buildings and these policies stand in the gap. If the property is under construction, BIG of Texas can also provide builders risk insurance during the work process.

BIG of Texas also offers Texas-based companies policies to cover chain stores and franchises in other states.

Don’t hesitate to contact us today for all of your company’s insurance needs. We are more than your insurance provider, we are consultants who want to build a relationship with you, learn about your risks, and help you mitigate them with the right coverage.