Jump ahead to learn:
- Is Texas General Liability insurance required?
- How does commercial General Liability insurance work in Texas?
- Examples of General Liability insurance claims for a Texas small business
- How much does General Liability business insurance in Texas cost?
- How ERGO NEXT General Liability insurance for business can help Texas owners
Is Texas General Liability insurance required?
Commercial general liability insurance can be required in Texas if you want to:
- Secure new business. Clients and vendors often require proof of insurance coverage, called a certificate of insurance or a COI, before they’ll work with you. With Texas general liability insurance coverage in place, you could be able to move quickly to bid on jobs or sign a contract.
- Sign a commercial lease. Many commercial property landlords require proof of a general liability insurance policy. Texas landlords may refuse to rent out a retail space, office, warehouse or other workspace if you don’t have the right coverage.
- Obtain a business license or permit. Some professions, like real estate or financial services, could require Texas general liability insurance to comply with licensing regulations. For instance, general liability insurance is a must for contractors in Texas if you want to register with the city of San Antonio as a home improvement contractor or a residential building contractor.
How does commercial General Liability insurance work in Texas?
From El Paso to Dallas, Amarillo to Austin, general liability insurance could help protect your business from a variety of common business liability claims, including:
- Injuries to non-employees, such as a customer who trips and falls on your property – then asks your business to pay their medical bills.
- Property damage to other people’s property caused by you or your employees during business operations.
- Personal or advertising injury, such as copyright infringement, libel, or slander.
- Legal costs and attorney fees to defend your business against some lawsuits.
Examples of General Liability insurance claims for a Texas small business
- At a sporting goods retail store in Odessa, a customer hurts their arm after they trip on a display unit. General liability insurance could help pay their medical expenses as well as some legal fees if they take legal action against the business for damages.
- A Houston carpenter accidentally damages an expensive tiled floor while building new cabinets. General liability insurance could help pay for the cost of repairing or replacing the customer’s damaged property.
- A Fort Worth marketing consultant is taken to court for copyright infringement on a social media ad. General liability insurance could help cover costs like legal fees, settlements and judgments.
