Commercial insurance can help protect a business from financial losses caused by covered property damage, lawsuits, accidents, interruptions and other risks associated with operating a company.
The right coverage depends on the type of business, location, employees, vehicles, equipment, customers, contracts and professional services involved.
Commercial policies are not identical. Coverage, exclusions, deductibles, limits and eligibility vary by insurance carrier and policy, so each business should review its risks and policy documents carefully.
Commercial general liability may help cover claims involving third-party bodily injury, property damage, and certain personal or advertising injuries, subject to the policy terms and exclusions.
Property coverage may help repair or replace covered buildings, equipment, furniture, inventory and other business property damaged by a covered cause of loss.
This coverage may help with lost business income and certain continuing expenses when operations are suspended because of direct physical damage caused by a covered peril.
Commercial auto insurance may provide liability and physical damage coverage for cars, vans, trucks, trailers and other vehicles used for business.
Also called errors and omissions insurance, professional liability may help with claims arising from mistakes, negligence, or failure to provide professional services.
Workers’ compensation may provide medical and income benefits for employees with covered work-related injuries or illnesses. In Texas, most private employers may choose whether to carry it.
Review buildings, leased space, equipment, inventory, business income, utilities, suppliers and other operational dependencies.
Consider customer traffic, products, completed work, professional advice, leases and contracts that may require specific limits or proof of insurance.
Compare policy limits, deductibles, valuation methods, endorsements, exclusions, claim conditions and whether additional coverage is needed.
Commercial insurance policies are not one-size-fits-all. A policy may exclude certain causes of loss, professions, locations, vehicles, cyber incidents, floods, windstorms, employee injuries or business interruption events. Review the complete policy and endorsements, and verify that the agent and insurance company are authorized or eligible to conduct business in Texas.
Share your operations, location, ownership, employees, property, equipment, vehicles, customers and contracts.
Compare available policies, limits, deductibles, endorsements, exclusions and carrier requirements.
Receive help understanding application questions, requested records, inspections and policy next steps.
Contact Insure With Asif to discuss your operations, property, liability and business insurance needs.
Coverage availability, limits, pricing, deductibles, exclusions and eligibility vary by business, location, insurance carrier and policy. Insure With Asif is not a government website.