If you are the owner of a business in the Irving, TX area, you will need to have insurance coverage that is created specifically for companies like yours. Your commercial coverage will encompass several different things, and it might vary according to the specific needs of your business. Here are the usual inclusions in commercial policies in Texas.
Commercial General Liability Coverage
Commercial general liability covers your company in relation to lawsuits and claims. This will apply to situations in which people file claims after being hurt on your company property. It will also apply to circumstances in which people file claims when they are hurt by something your company releases (for example if you make a certain type of product that is sold to the general public and someone claims damages from said product.
Commercial Property Coverage
Commercial property coverage protects the building or buildings in which you do business. This is similar to the homeowner’s coverage that you will typically have for your home. If the building itself, or anything inside that building, is damaged due to perils specifically outlined in the policy, your commercial property coverage will pay for the repairs or replacements necessary.
Workers Compensation Coverage
Workers Compensation coverage is often included in a commercial insurance policy if you have employees. As long as you have at least one employee working under you, you are an employer who could therefore be held liable for injuries sustained by your employee. Workers Compensation coverage helps protect both you and the employee by paying their eligible medical bills related to the on the job injury.
Don’t get caught without the level of commercial insurance coverage your company needs. Instead, easily compare quotes with one of our Paragon Independent Insurance Agencies representatives to find out what options you have available. We will help you protect your company and your employees to the fullest degree possible!
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