If you own a small business in Texas then you are going to want to know what the insurance requirements are to remain in compliance with state law. Unlike the vast majority of other states, Texas does not mandate workers’ compensation insurance which pays for the medical bills associated with a workplace injury or illness. With that said, these costs can quickly escalate and not having workers’ compensation insurance can quickly lead to financial ruin. Bear in mind, that if own a company that contracts with state or federal government agencies then workers’ compensation insurance is required. Additionally, any vehicles owned by the business must be covered by commercial auto insurance with the following minimum liability requirements:

• $30,000 bodily injury liability per person
• $60,000 bodily injury liability per accident
• $25,000 property damage liability per accident

Even though it is not mandated, personal vehicles that are driven for work related needs should be covered by hired and non-owned auto insurance. Personal auto policies often exclude business use and could leave your employee on the hook for thousands in damages if they are not adequately covered. 

In addition to the aforementioned coverages, Texas businesses can consult with Main Street Independent Insurance Agencies Inc. in Ft. Worth, TX to learn about optional add-ons that may better protect their business. For example, cyber liability insurance is a must for any company that handles sensitive data and is at a higher risk of cyber attack or data breach. 

For further information and to learn how we can help, contact our friendly and knowledgeable team to schedule a no-obligation consultation with one of our insurance professionals. 

Owning your own business offers a certain amount of freedom and to fully enjoy it, you should have the proper commercial insurance in place to protect your business.

There are many commercial insurance coverage options that are available to Texas business owners that you can choose to obtain. The commercial insurance agents at Main Street Independent Insurance Agencies Inc. in Ft. Worth, TX tout the importance of having a commercial insurance policy in place for your business.

Worker’s Compensation

While most states in the United States require that all business owners have worker’s compensation in place, Texas does not require it but it’s a good idea to have it anyway. This type of commercial insurance will help pay the wages and medical bills of anyone who works for you and becomes injured on the job.

Liability Insurance

It is very important for all business owners to have commercial auto liability insurance in place for all vehicles that are driven for use by the business or are owned by the business. This will protect you in the event that a car accident occurs while the vehicle is in use for business purposes. You should also have a liability policy in place that will protect customers or others that could be injured at your business or because of an incident that occurs involving your business.

Property Insurance

It is important to have business insurance that covers the property where your business is located as well as your merchandise and other equipment and items that are part of your business. This will help you in the event that a fire, natural disaster, vandalism, or burglary occurs.

Other Options

You can also obtain other commercial insurance coverage options including cyber liability. This would help you in the that your client’s personal information is stolen due to a breach of security through your website or computer programs. You can also obtain insurance that will help protect you from slander and other legal issues that can happen that involve your business.

To determine what types of commercial insurance coverage you need for your particular business, contact the trusted and experienced commercial insurance agents at Main Street Independent Insurance Agencies Inc. in Ft. Worth, TX to get your policy started.

You’re running your business and living your dream, and we’re so happy for you. Here at Main Street Independent Insurance Agencies Inc., serving the beautiful people of Texas, we love working with business owners to find different ways to help you thrive and stay as protected as possible. Having an employee or a customer slip and fall can almost always be detrimental to your business’s bottom line. Here are some ways you can prevent slip and fall accidents at your Texas place of business. 

Preventing Slip and Fall Accidents in Texas

• Make sure your flooring should be free from debris, holes, uneven slants, and cracks.  
• Fix, replace, or install handrails on all staircases. Each should have materials that support an adult human body that’s rigidly attached to the building or the ground with weight-bearing bolts.
• Clean up spills promptly and avoid using or pouring liquids of any kind near entrances, walkways, or exits. 
• Forbid employees from wearing shoes with a slippery sole or high heel. 
• Place non-slip rubber mats or non-hooked carpets at entrances. Ensure they don’t slip, move, or bunch.
• Ensure all lightbulbs work and considering installing more lights around the property to add more light.

There are many more things you might want to consider when it comes to protecting your business interests. A proper commercial insurance policy can provide you with the peace of mind you need to focus on building and expanding your business.

Contact Your Trusted Texas Commercial Insurance Agency

We never want to see any community member suffer a slip and fall accident or have a costly insurance claim because of one. If you’re in Ft. Worth, TX, or the greater surrounding area, we at Main Street Independent Insurance Agencies, Inc. would love to help you examine your current commercial coverage to ensure you have everything you need. Contact us today for a free quote.

Commercial insurance is something every business should consider. It is not just one type of coverage: several lines can be combined into a policy tailored to your needs. Talking to an insurance agent can help you to access your risk level and determine the right kind of commercial insurance for your particular business. .At Main Street Independent Insurance Agencies Inc. in Ft. Worth, TX, we provide the finest customer service and as independent agents, we offer some top carriers in the business. 

When it comes to commercial insurance, the only requirement by the state of Texas is for commercial auto insurance. Commercial auto insurance is a necessity for any vehicles owned by your business. The required coverage is 30/60/25. What that means is $30,000 for injuries for each person in an accident with up to $60,000 for an individual accident. $25,000 coverage for damage to property. Many personal auto insurance policies will not pay for an accident that happens while on business use. 

Texas does not require employers to have workers’ compensation coverage but that doesn’t mean that it is a good idea not to have it. Workers’ Compensation is good for employees and employers, and it is worth considering for every business. 

Two other types of commercial insurance are also essential to the health of your business even though they are not required by the state of Texas, Commercial property and liability insurance. 

• Commercial property insurance protects your business location from damage from a covered peril. It covers more than the building it covers the things you need to do business like machinery, equipment, electronics, and inventory. 
• Commercial liability covers you from legal action against your business from customers, clients, and even employees. It also covers legal expenses to defend your business. 

 Contact Main Street Independent Insurance Agencies Inc. in Ft. Worth, TX for all your commercial insurance needs. 

Suppose you operate your business in Ft. Worth, TX. In that case, you need to have the necessary commercial insurance policies to cover your entity for unseen occurrences that are likely to have adverse impacts on your organization. Main Street Independent Insurance Agencies Inc. helps you to understand the various types of commercial insurance policies that are available for consideration so that you can safeguard your properties, business, and even your workers.

Property Insurance

Your business’s property is important, and it provides the foundation that your organization uses to achieve growth and to offer services. Without properties, it is evident that your company will collapse, and it could be hard to start operations once again. The property insurance policy covers all the assets that your organization owns. This policy generally protects against theft, damages, and fire. 

General Liability Insurance

As a business serving hundreds or thousands of customers, there is a chance that some of your customers will be affected by the products or services on offer. Injured customers can choose to sue for compensation for personal injuries and associated damages. In this case, you need to have liability insurance to cover such eventualities. Legal expenses, property damages, and personal injury compensation are areas that liability insurance policy will cover.

Worker’s Compensation Insurance

Worker’s compensation insurance is not only a legal requirement in Texas but also across the country. This insurance policy is specifically designed to handle injuries that employees are likely to get, which are work-related. However, all employees covered by the worker’s compensation insurance are required to give up on the rights to sue the company in the case of an injury that happened while performing their work duties. 

These are not the only commercial insurance policies that your business needs. There are other specialized commercial insurance policies that are necessary for your enterprise. If you want to know more about commercial insurance policies, contact us at Main Street Independent Insurance Agencies Inc. in Ft. Worth, TX.

In the state of Texas, there are a lot of ways that someone could grow and develop a business. Those that live in the Ft. Worth, TX area will find that the strong local economy and support for small businesses provide plenty of opportunities for success. If you are going to start a business here, it is also important that you get the right insurance. There are several reasons why you should get a commercial insurance policy to protect your Texas business. 

Insurance Provides Valuable Coverage

The main reason that you should invest in a commercial insurance policy for your company is that it will give you very valuable coverage that could help to keep your company afloat. When you are looking to protect your company, the insurance will give you protection for your business assets and can offset liability risk. This could end up being helpful as it could keep your company solvent if you ever lose an asset due to damage or are sued for liability.

Insurance is a Requirement

You will also want to get a commercial insurance policy for your small business because it is a requirement for most businesses. A small business that takes out a loan, leases a building, or even raises capital will have commercial insurance policy requirements. When you get a full policy, it will ensure that you remain in compliance with these obligations.

Choosing a commercial insurance policy in the Ft. Worth, TX area is a big decision. As you are looking for coverage, you should call the Main Street Independent Insurance Agencies Inc. When you work with Main Street Independent Insurance Agencies Inc. you are going to get guidance that can help you to understand your needs and options, which will help you choose the right policy for your situation. 

Business interruption insurance reimburses you for lost income in case of a disaster. You can find out if your commercial insurance currently has sufficient business interruption coverage by contacting Main Street Independent Insurance Agencies Inc in Ft. Worth, TX. We can review your account and help you beef up your coverage if needed. 

What Is Business Interruption Insurance?

This coverage prevents financial loss if you have to close up shop due to a disaster. Examples include a natural disaster or fire. To get business interruption protection, you must already have commercial insurance. When you add on this service, your insurance company prepares the appropriate rider. 

What You Need to Know About Business Interruption Policies

This insurance replaces income you lose when business operations cease due to damage or physical loss. The terms and conditions are outlined in your policy and your agent can help you better understand the coverage. 

For insured events, your insurance pays for the cost of operating the business, temporary relocation, taxes, loan payments and payroll expenses. Again, every policy is different, so it’s important to know how your coverage works. 

Most business interruption insurance won’t cover closures due to an epidemic or pandemic. 

How Long Does Business Interruption Insurance Last?

The written policy dictates the terms of coverage, including how long the policy lasts. Standard policies last 30 days but insurers may allow you to extend coverage as far as 360 days. This covers the day the insurance begins and often lasts until the business reopens or through the end of the coverage limit. Some policies have a waiting period to exclude short business interruptions that pass within two to three days. 

Contact Main Street Independent Insurance Agencies Inc in Ft. Worth, TX to set up an appointment for a few commercial insurance quote that includes business interruption protection. 

When you operate a business in Ft. Worth, TX, you have to learn how to juggle. It’s a vibrant city, but that comes with competition and a fast-paced business environment. In order to keep up, you need to get fast answers to important insurance questions. Main Street Independent Insurance Agencies Inc. loves providing fast answers. Let’s answer a common question right now. Does each major asset need its own commercial policy?

Yes

Every single asset needs coverage. You need property and liability insurance for everything of value. The property coverage is obvious. If something happens to an asset, you don’t have to replace it with cash on hand. As for liability, it seems weird that stock, buildings and other static assets might need this coverage, but it’s a harsh reality of business. People can find a way to get hurt anywhere, and you don’t want to lose valuable assets as a result.

But Also No

Every asset needs coverage, but that doesn’t mean you need an individual policy for each asset. Virtually every major insurer will help you bundle your assets to simplify your policy. Every asset will contribute to the bulk policy, but things can be simple. If you can bundle home and auto insurance, of course you can bundle business assets too. With that said, specialty assets do exist, and some of them might require an individual policy. That usually has to do with regulations more than the insurer’s policy, but exceptions exist to every rule.

If you want a deeper look at your commercial insurance options, the easiest way is to talk to your Main Street Independent Insurance Agencies Inc. representative. We’ve been helping businesses in Ft. Worth, TX, for a while, and we’ll be happy to help you too.