Business Insurance, or Commercial Insurance, covers a wide variety of products. Businesses that operate in Texas most likely carry some form of Liability insurance, as well as Property insurance for their location and business property. Additionally, businesses may provide Workers Compensation coverage or have a need for commercial auto insurance coverage. Other types of commercial coverage might include an Errors and Omissions policy, or Directors and Officers policy; and many industries have specific policies they must explore like malpractice insurance for doctors or dentists.
Many types of commercial insurance is highly specialized and underwritten, with carriers deciding which industries to insure. Several carriers specialize in just a few types, while others provide a wide array of markets.
Some types of businesses, like florists or barber shops or accountants, are referred to as “Main Street” industries, while other more specialized endeavors, for instance a dog trainer or a food truck, require more in-depth underwriting and scrutiny to determine if coverage is available from individual companies. An experienced, licensed insurance agent is the best resource for those looking for business or commercial insurance coverage.