Do Small Businesses Need Commercial Insurance?

Renowned for Collis Potter's Southern Pacific Railroad, Huntington Texas, called “the Gateway to Lake Sam Rayburn” by locals, passes through over two miles of unforgettable destinations. Visitors enjoy family-friendly experiences while booking hotel packages, and many locals have enjoyed the area’s temperate environment near West Maple Street—one of the area’s thriving social hubs.


The Small Business Boom


In recent years, small businesses have thrived, and many aspiring entrepreneurs have consolidated assets while becoming increasingly maneuverable. While expansion is important, protection is necessary, and small business owners often raise a question when establishing a company: “Do small businesses need commercial insurance?”


Legal Requirements and Coverage


In short: Yes, small businesses require commercial insurance coverage. While coverage options differ based upon geo-centric factors, business legally require coverage to maintain operations. Commercial insurance’s basic form ensures protection from pitfalls, legal liabilities and damages. Fortunately, selecting a viable insurance plan is relatively easy, and different protection levels are available.


Employer’s Liability


Employer’s liability refers to a small business owner’s responsibility to both their establishment and employees. Small businesses, regardless of size, maintain commercial insurance coverage to support:


  • Employee illness and injury

  • City legislation requirements

  • Health regulations and standardization

  • Compensation distribution and difference


Important Policy Information


When searching our database for insurance quotes, our agent will assist searches for commercial insurance. While obtaining a quote is simple, understanding policy dynamics should be a priority. Small businesses are legally required to keep relevant documents, so don’t forget to maintain records.


Additionally, if your business maintains distant employees, you’ll need information pertaining to extended policies and other state regulations. Often, businesses operating vehicles require “fleet coverage” to protect employees. While assisted by our industry expert, remember to research regulations pertaining to accountants, lawyers and financial advisors. Often, small businesses rely heavily upon a consolidated inner network, and several benefits may be applicable to these leading positions.

3 Questions to Ask When Getting a Commercial Insurance Quote for Your Landscaping Business

Are you thinking about starting your own landscaping company in Jacksonville, TX? Before you begin servicing property owners in the 75766 zip code, you will want to make sure you have adequate insurance coverage. Here are three questions to ask when getting commercial insurance quotes for your landscaping business.

#1: What Types of Insurance Coverage Do I Need?

Owning and operating a landscaping business often requires multiple commercial business insurance policies to ensure you are fully covered. The three most common types of policies contractors in this field need are:

  • General Liability Policy: This type of policy protects you against liability claims from property owners over accidents and mishaps. Examples of this would include situations where you damage a fence with a piece of lawn equipment or accidentally kill someone's prize-winning rose bush.
  • Worker's Compensation Policy: This type of policy covers your employees medical costs and lost wages should an accident happen to them on the job. In Texas, this type of coverage is required by law.
  • Commercial Auto Insurance Policy: You will most likely have to drive from one customer's location to another. Having a commercial auto policy is key to keeping you (and your vehicles) protected while on the road.

#2: Do I Have to Have Commercial Insurance to Operate My Landscaping Business?

With exception to worker's compensation insurance, you do not have to have commercial insurance to operate your company. However, taking on that additional risk can leave you open to a personal lawsuit and significant financial loss should there be any sort of mishap while running your business.

#3: How Will My Equipment Be Covered?

A special type of insurance coverage for business property covers things like lawnmowers, leaf blowers, and other yard care specific items. This is usually obtained through a businessowner package policy (BOP) that puts together your general liability policy and personal property together.

Of course, in any situation with insurance, contacting local insurance agencies to review your exact needs is always recommended.