When you own a business in Texas, there is certain commercial insurance that you may need. The types of insurance that you should have for your business depend a lot on the type of business you run. In Texas, there is only one type of commercial insurance that is required by law, but there are many others that you should have to protect yourself and your business. If you need commercial insurance, contact us at Presley Insurance Group in Dallas, TX.
Commercial Auto Insurance
When your Texas business owns a vehicle, that vehicle has to be covered by a commercial auto policy. This coverage protects your business by paying for accidents that happen with your work vehicle and are caused by its driver. When this happens, medical bills may be due as well as costs for vehicle repairs to the other vehicle. These policies must have at least a specific amount of coverage for one person for bodily injury liability. Another amount is required for all of the people who were injured in the accident. In addition, there is a specific minimum amount required for property damage liability. You can always add to the minimums of this coverage so that you have better protection in case of a serious accident.
If you have a vehicle that is used for business reasons, but the company doesn’t own it, you aren’t required to have a commercial policy. However, your personal auto insurance may not pay for an accident that happens when you’re doing work for your business. It’s generally recommended that you get a type of policy called hired and non-owned. This can keep you protected when you are taking care of business tasks.
Get Your Commercial Insurance
When you are a business owner, there are many types of optional commercial insurance you can get, including cyber insurance, general liability insurance, etc. If you want to know more about these policies, call us at Presley Insurance Group in Dallas, TX.