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Business & Commercial Insurance - Dallas, Fort Worth, San Antonio

The Texas economy is worth $1.8 trillion. It is the second largest in the U.S., and one of the largest in the world on its own. So, if you open your own business in the Lone Star State, you have a lot of opportunity to contribute to a thriving economic sector.

Nevertheless, to make your business successful, you must protect it. Business insurance is one of the best ways to ensure your long-term success. Contact La Familia Auto Insurance today, and we’ll help you get the targeted protection that is right for your operation. Call us at (888) 751-7511 or get a free online quote now!

What is Business Insurance?

Your business insurance will pay for the accidents you least expect and don’t want to pay out-of-pocket. That way, you can better ensure your long-term financial security and success.

You rely on your business to make money. But what happens if something comes along that damages the business, harms your employees or clients, or interrupts operations? You could stand to lose a lot of financial security, and the business might even fail following devastating incidents. Business insurance helps you get the money to recover from these incidents. It exists to protect your long-term security.

What Commercial Insurance Do You Need?

Business insurance is not just one policy. A mixture of policies work together to protect different aspects of the business. How can you get coverage that protects you both efficiently and affordably?

Full coverage comes through customization. We guarantee that whatever coverage you choose, we can tailor it to your own benefit. Our agents work with multiple insurance companies, all of which offer different policy options at different price points. We’ll be able to pinpoint the policy packages that offer you the best protection with affordable costs.

Essential BOP Coverage

BOPs, or Business Owners Policies, are packages of insurance that contain several of the most-necessary types of coverage. They often include:

  • Property insurance: If something damages physical property like your building, possessions or stock, this coverage can help you repair or replace them.
  • General liability protection: Covers the business in case it causes property damage or bodily injuries to another party, like a client or vendor. If you are at-fault for the damage, coverage will help you compensate others for their losses.
  • Business interruption coverage: Helps you pay the bills even if you must temporarily close after a damaging accident. For example, coverage can help you pay things like ongoing bills, employee salaries and other operational fees.

Some BOPS will offer other coverage like cyber liability or professional liability insurance. Ask your agent about the specifics of your policy, then build additional coverage around the BOP you choose.

Professional Liability Insurance

Professional liability insurance, or Errors & Omissions (E&O) coverage, extends to professional mistakes made by the business or its employees. If your clerical errors, professional advice or other actions harm a client financially, they can make a claim on this coverage. Coverage can help settle the damage costs.

Commercial Auto Insurance

All sorts of businesses use vehicles in the regular course of their work. You must insure that car, but you can’t simply use a standard personal auto policy. Instead, commercial auto insurance is likely the route to take. It will protect the business’s specific interest in vehicles and drivers operating on its behalf.

Some of the coverage in these policies might include:

  • Liability insurance: Your state will often require all drivers to carry this coverage. If a policyholder is at-fault for an accident, coverage can compensate third parties for their injuries, property damage or other settlements.
  • Collision coverage: This policy pays for damage to your own vehicle after an accident.
  • Comprehensive insurance: Coverage pays for damage to your vehicle after non-accident damage. Covered incidents might include vehicle fires, theft, vandalism and weather damage.
  • Uninsured/underinsured protection: If another driver causes damage to you, they might not have adequate liability insurance. This coverage can pay the costs that person might owe you.
  • Medical coverage: If you get hurt, this coverage can pay for your medical costs.

Depending on the type of business and vehicles you operate, you might need other coverage, like inland marine, cargo or trailer protection. Keep in mind, you’ll likely have to carry a policy on not only vehicles owned by the business, but also personal vehicles you use for business purposes.

Workers’ Compensation

If employees get hurt or injured on the job, they usually have a right to workers’ comp. Coverage can supplement income the affected parties might lose because of an unexpected accident. It might help the affected party get help with medical and other costs.

In Texas, businesses do not have a requirement to carry workers’ compensation insurance However, employees have a right to claim workers’ compensation even if the business had no negligence in the injury. So, even though you might not have a policy, an employee still has the right to sue a business for compensation. Therefore, coverage is highly recommended.

Here When You Need Us

No two businesses are the same. Therefore, you have to get commercial insurance that is tailored to your most-pressing interests. At La Familia Auto Insurance, we have a commitment to help you sift through the multiple policy options out there to determine the best fit for you.

Call us today at (888) 751-7511 or request a Dallas business insurance quote! We’re here when you need us, so you never have to worry about the ease of getting coverage.