Now Get Your Small Business Insurance Texas At Home


Every small business must be protected by a business insurance.
This is because defending claims and lawsuits can be a time consuming process and highly expensive. You may be thinking that your business can run smoothly forever. But, your presumption will easily go wrong if a disaster strikes or a burglar enters your business. These incidents are enough to close down your business. If you have a business insurance, you can easily come up in your business, even if you were affected by such mishaps.

Business Insurance Requirements in Texas:

As far as Texas small business insurance requirements is concerned, there are many types of business insurance offered by the insurance providers and we shall discuss a few important types below.

General Liability Insurance:

This is one among the small business insurance Texas needs and mostly needed by all types of businesses. This insurance provides cover physical damages to others properties or injuries to others that happen in your business premises. This also covers damages and claims due to libel and slander. If the business owns a building or rented a building, this type of insurance is essential to protect the properties and buildings in question.

Business Owners Policy (BOP):

This is a combination of general liability and commercial property insurance coverages. This can also be customized to provide more business insurance coverages as required by any type of business. As such this insurance provides cover to the business properties such as equipment, valuable documents, furniture and the like owned by the businesses as well as the coverages that are given by a general liability insurance.

Professional Liability Insurance:

There are professionals and businesses who provide services to the customers in exchange for a fee. Doctors, advocates, accountants, auditors, IT consultants, architects and others who offer technical and business advice to those people, who approach them, are categorised as professionals. Sometimes, the advices offered by the professionals may go wrong and financially affect the customers due to negligence of duties and responsibilities.

All these defaults will result in lawsuits claiming for damages against these professionals. Professional liability insurance coverage will protect these professionals from such lawsuit expenses, claims awarded and the related expenses.

Business Insurance Companies in Texas:

All the leading insurance companies offer their services to the residents of Texas that include small business insurance Texas. These companies offer small business insurance quotes Texas through their official websites and through the websites of a good number of insurance agencies. You are aware that shopping for insurance and comparing the quotes from a minimum of five insurance companies are essential to get the right insurance coverage at the right price. The guidance to choose the suitable insurance is given by all experienced insurance agencies and brokers.

Small Business Insurance costs:

As far as small business insurance Texas cost is concerned, it is estimated that small businesses pay about $741 per year towards a general liability insurance and on average the median price stands at $428 per year. A majority of small business owners pay between $400 and $600 for their policies. To be precise, about 87% of the small business owners pay less than $1000 per year towards business insurance types and only about 13% pay above $1000.

The biggest impact on the general liability insurance is caused by the specific business industry such as cleaning business, brick and mortar retailers. The employees working in these businesses have a greater chances of damaging client’s properties and have a great customers traffic. A home based professional need not spend much on business insurance as he may not require workers compensation and some more optional insurance coverages. This is not possible in case of businesses like hotels, restaurants, retail traders and the like where the human traffic is high.

Small Business Health Insurance in Texas:

The small business employers can choose to offer small business health insurance Texas to their employees and the Texas laws define a small business as a business with 2 to 50 employees regardless of the hours they work. Most insurance companies want that a minimum of 75% of the employees of a small business should participate in the health plans. The essential health benefits that are offered by such health plans are given below.

● Outpatient care
● Emergency services
● Hospitalization and surgery
● Maternity and newborn care
● Mental health, counselling and psychotherapy
● Laboratory services
● Prescription drugs
● Preventive and wellness services and chronic diseases management
● Pediatric services that include oral and vision care

Insurance companies cannot deny health insurance coverage to any employee based on pre-existing health conditions. Employers may expect the employees to wait for about 90 days after the health coverage in which they are enrolled to start the coverage. The insurance companies are not expected to charge premiums for this waiting period. Even if the employees leave the job, they can retain the insurance coverage for a specific period of time.

The local laws does not require the employers to pay for the premiums of the employees but, the insurance companies require employers to pay at least 50% of the premium contribution towards the health insurance of employees. It is the choice of the employers to may higher percentages.

Small Business Unemployed Insurance Texas:

Most employers are required to pay both a federal and State unemployment taxes to compensate the workers, who have lost their employment. The entire responsibility of paying such unemployment tax lies solely with the employers.

An unemployed person is eligible to receive this unemployment insurance if he or she has lost his or her job through no fault of his or her own. If a small business close down the business and leave the workers as jobless, then these workers can receive unemployment insurance benefits. In most of the cases, if a worker is terminated or the worker has quit his or her job voluntarily, then the worker may not receive such unemployment insurance and of course there may be some exceptions.


Having understood the importance of business insurance, it is hoped that no business owner will dare to avoid buying a business insurance to protect his or her own businesses.