Business Owners Insurance (BOP) in Houston, Texas

Business Owners Insurance Houston, TX

Running a small business involves a significant investment in time and money. Business owners insurance in Texas protects your investment by minimizing financial risks associated with unexpected events such as a death of a partner, an injured employee, a lawsuit, or a natural disaster. Unless you are an employer, business insurance is generally not required by law, however, it is common practice to purchase enough insurance to cover your assets. If your business is an LLC or a corporation, your personal assets are protected from business liabilities; however neither an LLC or Corporation substitutes the need to carry liability insurance which can save your business from financial loss.

A business owners insurance policy will combine property, liability and business interruption coverage all in one easy policy for small to medium sized businesses. By packaging these coverages together, you will generally see a discount in your premium.

Business owners insurance can offer you complete coverage for your medium to small businesses – best suited for companies with less than 100 employees and less than $5 million in revenue. A business owners policy, also known as BOP insurance, combines several types of insurance together into one cost-savings package. With completely customizable coverage options we can fit the package to your specific needs.

With a business owners policy, your small business can get property insurance, liability insurance, and additional protection all in one place.

Business owners insurance in Houston, Texas will protect you from:

  • Property claims
  • Equipment breakdown
  • Income loss
  • Professional liability claims
  • Products and completed operations claims
  • Fire legal liability claims
  • Premises liability claims

Supplemental coverages are also available. Contact an agent in our office to discuss your business insurance needs today.

Frequently Asked Questions about Business Insurance

What type of business insurance do you need?

The type of business insurance you need depends on what you’re doing. For instance, a web designer probably doesn’t need a commercial auto policy but does need a Professional Liability Policy. While a contractor has no need for Professional Liability but does need commercial auto. The best way to determine what coverage your specific business needs is by talking to a licensed agent.

What insurance is required to run a small business?

Owning a small business is an amazing achievement. Insuring it correctly is critically important. Your insurance needs depend on what your small business does. Some businesses can get away with minimal coverages while others need very comprehensive coverage for more complex businesses. Talk to an agent for advice on what types of coverage your business needs.

How much does business insurance cost?

The cost of business insurance varies tremendously based on what coverage you need. Professional Liability for instance may only be $150 a month while commercial truck insurance may cost upwards of $5,000 a month. The only way to know is to get a quote from a licensed insurance agent.