Business liability insurance is an important way to protect your business in cases of claims of damage or injury experienced by others and caused by your employee or yourself. Other types of commercial coverage can also help safeguard your business assets. One of our dedicated agents at Insurance Team One is available to answer all your questions on business insurance.

Commercial Umbrella

Commercial umbrella coverage gives you extra liability coverage to help pay costs that exceed your general liability or other liability policy limits. Without this business insurance coverage, you’d have to pay out of pocket for expenses that cost more than your coverage limits, such as:

• Attorney fees
• Medical cost
• Damage expenses

Commercial Property

Commercial property insurance protects your company’s physical assets from fire, explosions, burst pipes, storms, theft and vandalism. Earthquakes and floods typically aren’t covered by commercial property insurance, unless those perils are added to the policy

Commercial property insurance companies evaluate the cost of each component or the average cost of items like inventory or clients’ property. Typical commercial property insurance for small businesses costs around $750 annually but can exceed tens of thousands of dollars for large warehouses, commercial spaces, and developments.

Workers Compensation

Covers medical costs and a portion of lost wages for an employee who suffers a covered work-related injury or illness.

To protect employers from lawsuits resulting from workplace accidents and to provide medical care and compensation for lost income to employees hurt in workplace accidents.

General Liability

A General Liability insurance policy is typically the first step in business protection. It’s the most essential piece of your commercial insurance plan that protects your business from a person or business’s claims of bodily injury and related medical costs; property damage; data loss and personal injury. If you have business property, you might want to consider a Business Owners Policy instead.

Protects your business from a variety of claims including bodily injury, property damage, personal injury and others that can arise from its business operations. General liability insurance will not protect you from everything

For example, general liability will not protect you from claims of negligence, even if it isn’t you or your business’ fault. Some people buy other business liability insurance

Professional Liability

Protects your business in professional negligence claims and includes defense costs. Often purchased by businesses that provide professional services or advice.

You should seriously consider personal liability insurance coverage if your business:

• Provides a professional service
• Regularly provides advice for clients
• Is requested by a client to have professional liability insurance

Business Office Policy

Includes General Liability coverage, and adds coverage against a variety of risks to your business’ commercial building and personal property. Also adds coverage against loss of business income. You should consider business owners policy if you:

• Need general liability insurance
• Have business equipment such as computers, printers and furniture
• Own the building at which you work and need to insure the property
• Own and work with large amounts of data on a regular basis
• Have employees who could act dishonestly or steal clients' property

Cyber Insurance

Generally, covers your business’ liability for a data breach involving sensitive customer information, such as Social Security numbers, credit card numbers, account numbers, driver’s license numbers and health records

Data breach insurance helps your business respond to breaches and can offer enough protection for small business owners. Cyber liability insurance is typically meant for larger businesses and offers more coverage to help prepare for, respond to, and recover from cyberattacks

Non Subscription

Nonsubscription is the process of an employer “opting out” or “nonsubscribing” from the Texas Workers’ Compensation System in order to manage its own occupational injury claims. The choice to nonsubscribe in Texas has been available since the state’s first workers’ compensation laws were adopted in 1913.