What is general liability insurance?
Most Texas businesses are exposed to certain common risks, such as injury on company property, basic accidents off of company property, and libel claims. General liability insurance may help protect businesses from risks such as these.
General liability insurance offers protection against a range of common risks. It is a crucial type of insurance for almost all businesses.
What businesses in Texas should have business liability insurance?
Business liability insurance is a coverage that’s widely applicable. Most businesses in Texas should have this coverage, as a single liability lawsuit could be financially ruinous.
This is one insurance that businesses ought to consider regardless of their location, size, industry, or just about any other factor. If you’re in business, you can probably benefit from general liability protections.
Does homeowners insurance provide liability protection for home-based businesses?
Some homeowners insurance policies do make basic business insurance coverages available, often as an add-on protection. When business coverages are available through a homeowners insurance policy, general liability indeed is often one of the included business coverages.
If business coverages aren’t available through a homeowners insurance policy, a general liability policy is likely needed. This is something that a knowledgeable insurance agent can sort out.