If you own a business in Texas, it’s always best to have the commercial insurance you need to protect your business against a number of risks. For most businesses, there is just one type of required commercial insurance in Texas, but there are many more that you should consider in order to be better protected. If you need commercial insurance, contact us today at Paragon Independent Insurance Agency in Plano, TX to find out more.
Commercial Auto Coverage
This type of insurance is required for all vehicles that are owned by a business in Texas. This coverage provides two different types of coverage and three amounts of that coverage. One is for a specific minimum amount for bodily injury liability when one person is injured in an accident caused by your vehicle. Another is a set minimum amount for everyone who is injured in such an accident. Both of these coverage amounts are for injuries to third parties- not to anyone in your company’s vehicle. In addition, it is also required to have a specific minimum amount of property damage liability. This pays for damages to someone else’s property, such as to a vehicle, in an accident caused by your vehicle.
This type of commercial insurance is only required for businesses that have contracts with government entities, but not for other companies. However, it’s smart to get this type of coverage for your business. It protects you in case you have an employee who becomes injured at the worksite. It pays for their medical bills and other expenses that stem from the injury. Without this coverage, you are likely to be sued by an injured employee.
Get Your Commercial Insurance
If your business needs commercial insurance, give us a call now at Paragon Independent Insurance Agency in Plano, TX.