Texas Commercial Insurance
It doesn’t matter if you’ve just opened your doors or if you’ve been in business for 20 years, insurance can get confusing. Making sure you have the right coverage for your business is what we do here at Patterson Insurance.
Most companies need the same basic insurance types, even if the amount is different because of your size or industry.
This is the most basic liability coverage that any company should have. You’ll be protected whether a customer, client, or vendor is hurt, the victim of theft, or has some other injury while on your property or doing business with you.
Once you have a building, signs, equipment, or inventory, you’ll need property insurance to cover you if a bad storm hits, someone breaks in, or a fire destroys everything. Property insurance helps you rebuild and can even help replace lost income until you’re back up and running again.
Many businesses don’t know if they need a commercial auto insurance policy or not. The team at Patterson can help you figure it out. The general rule is if anyone (including you) drives a personal vehicle for company business, you need a commercial auto insurance policy.
Once you hire your first employee, you’re going to need to think about workers’ compensation insurance. Your employees will have their medical bills and income paid if they get hurt on the job, and your legal fees will be covered if they try to sue you. The other reason you need it? In Texas, it’s required by law.
If you give advice or offer any kind of service as part of your business, you need professional liability insurance also called errors and omissions (E&O) coverage. It’ll protect you if you’re sued for negligence, libel, slander, or copyright infringement.
Once you’ve got each individual policy in place, it’s time to think about adding an extra layer of protection. A commercial umbrella insurance policy covers the really big liability claims you never could have predicted. Your first policy will pay up to the limit, and then umbrella coverage will pay the rest up to whatever limit you choose. You won’t always need it, but you’ll be grateful for it when you do.
Our team of agents is waiting to help you go over your current insurance policies and get you current based on where your business is right now and where you want it to be down the road. Sit down with the Patterson team so that we can talk about your business, your people, and what you do. We’ll help you find the right coverage at the right price.