Small Business Insurance
What Is Small Business Insurance?
Several different types of insurance are often referred to as business insurance. These can include Commercial General Liability insurance, professional liability insurance, workers compensation insurance, and Errors & Omissions.
A Business Owner's Policy for small business owners often includes Commercial General Liability, Commercial Property, and Business & Extra Expense.
Business Insurance Solutions
Learn more about different types of business insurance and various business insurance terms below:
- Commercial General Liability Insurance usually covers injuries that may occur on a commercial property, bodily injury or property damage to a third party as a result of business personnel or activities, libel/slander, or advertising copywriting infringement. Some people refer to a general liability insurance policy as a million dollar business insurance policy or 1 million business insurance coverage
- Professional Liability Insurance or Management Liability Insurance protects management, clients, personal assets, and reputation in the event of claims against the business
- An Errors & Omissions policy protects a business in the event of contractual obligations that were created in error
- Workers Compensation insurance covers a business in the event of claims made by employees against the business for injury-related damages
- A Business Owner's Policy is a policy designed specifically for small business owners to include Commercial General Liability, Commercial Property, and Business & Extra Expense as a single package policy
Looking for the Best Small Business General Liability Insurance?
Guardify agents use our business insurance database to search multiple carriers according to your requirements so that you can easily compare rates and policies and find the best small business general liability insurance policy to meet your needs.
Commercial Insurance vs. Personal Insurance
As a business owner, it is important to consider what risks are covered under commercial vs. personal insurance. A commercial insurance policy covers the activities, property, and related assets of an incorporated entity or LLC. A personal insurance policy can cover a private individual and their personal assets (for example, personal property such as a home or auto).
Even if your company is classified as a sole proprietorship or a single-member LLC, it's important to understand that a personal insurance policy and a business insurance policy are not interchangeable.
It's also important to consider whether personal assets that are being used for company activities have adequate coverage for both their personal and commercial applications. A professional insurance agent can help you understand these risks and make sure that you have adequate coverage for both your business and personal risks.
Business Insurance Application
In order to obtain business insurance, you will need to fill out an application that shares your legal company name and registration information, as well as additional details based on the type of business insurance you are applying for. Our Guardify team is prepared to support you in this process and answer any questions you may have along the way.
Guardify Business Insurance Specialists
Guardify agents are commercial insurance experts. As commercial producers, they have extensive backgrounds in business insurance across a variety of industries. They work with business owners to identify risks and then find the right insurance to meet their needs and budget.
Find an AgentTexas Small Business Insurance
We know that you have several choices as far as commercial insurance companies in Texas. Guardify agents can help you compare policies from multiple insurance carriers. If you are looking for Texas small business insurance, one of Guardify's licensed Texas commercial insurance agents can help you make the right choice for your business, whether you are looking for business insurance in San Antonio, El Paso, Dallas, Fort Worth, Austin, Houston, or anywhere in between!
