Employment Agency Insurance Texas (Quotes, Cost & Coverage)
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Frequently Asked Questions About
Commercial General Liability Insurance
How much does commercial insurance cost?
Costs can vary widely based on industry and are also determined by zip code and often payroll and/or gross sales. Request a free quote to get an exact number.
What kind of business insurance do I need?
Most business owners need General Liability Insurance at the very least. If you have any non-owner employees, you will need workers compensation insurance too.
What is a Certificate of Insurance?
A Certificate of Insurance is proof of coverage. It lists the type and amount of liability coverage you have and other policy information when a third party requests it.
Is business insurance tax deductible?
Yes. you can deduct the cost of commercial insurance premiums. The IRS considers insurance a cost of doing business as long it benefits the business & serves a business purpose.
Employment Agency Insurance Texas
Employment Agency Insurance Texas.Finding the right employees is an important part of building a successful business. As an staffing agency, your are responsible for the listing of job vacancies and referring applicants for employment with other firms. The persons referred to these other companies are not employees of the employment agency.
Although this might seem quite simple, many risks come along with operating this type of business. With the risks involved, it is critical for you to get the right employment agency insurance Texas to protect your business. In this post, we'll take a look at how you can get the best insurance for your staffing firm.
Employment agency insurance Texas protects your staffing firm from lawsuits with rates as low as $87/mo. Get a fast quote and your certificate of insurance now.
Risks That Come With Operating Your Employment Agency
The protection of your employment agency is necessary whether you rent or lease office space. While operating your business, you must have the correct employment agency insurance Texas policies in place to protect your business from the risks that come with staffing. Some of the risk you might face include:
- Fire, smoke, weather or other events that can cause damage to your business property
- Slips and falls or any other injury that can happen to clients or employees at your office
- Lawsuits against your business
These are just some of the risks you might face while operating your business that make it necessary for you to have insurance.
Staffing Agency Insurance Basics
Here are some of the primary employment agency insurance Texas policies you can get to keep your staffing agency covered:
Commercial General Liability Insurance - This insurance provides you with protection when a lawsuit is made against your business. Commercial general liability insurance covers any injury or damage you cause to a third party or their property. Whether this is medical expenses or replacing damaged property, having this coverage provide you with the help you need.
Commercial Property Insurance - With this employment agency insurance Texas, you have protection for the buildings and the contents in them that you use for the operation of your business. There is no way to predict what can happen to your staffing agency but you can rest knowing that with this insurance you are protected. With most business property insurance you get business interruption protection. This comes in handy when there is a period that your business is unable to operate as covers the loss of income that a business suffers after a disaster.
Professional Liability Insurance for Employment Agencies - This insurance is also known as errors and omissions insurance provides you with coverage if a client decides to sue yours for negligence on your part. Some of the things that you client can sue you for include:
- Alleged errors
- Actual errors
- Breach of duty
Basically, if you fail to do the proper research and you cause damage to your client's business, then you can be sued. Remember it is your job to get the right person for the job for your customer. Failing to do this could result in your business being sued.
TX Commercial Auto Liability Insurance - For most businesses having a vehicle is critical. With TX commercial auto liability insurance you can keep the vehicles that you use for your business protected. If a vehicle used for your business causes damage to a third party, you will be protected if you have this insurance.
Workers Compensation - Protecting your workers is important... so important that having TX workers comp is required in most states for any non-owner or partner employees. When you have workers' compensation, you won't have to worry if your employees get injured while on the job. If they are injured, and they need to have medical attention for the injury then having workers' compensation coverage will give them the help they need.
Cyber Liability Insurance - In the staffing business it is a sure thing that you will be handling lots of confidential information. This means that you need data protection. Although you may have protection there can still be a chance of your information being hacked. If you are ever hacked, cyber liability insurance to keep your business covered. When there is a breach of the information this will help ya for the costs.
TX Employment Agency Insurance
Speaking with an experienced TX licensed insurance agent will help you to figure out what you need protection for in your staffing firm. When you do this, you can find the protection you need and keep your business protected from the risks it faces.
Texas Economic Outlook & Requirements For Commercial Insurance
If you are considering opening up a business in the Lone Star State, you first want to make sure that it is a sound location for your operations. That means that you should understand some key information related to the state's economy, as well as the types of insurance coverages that businesses are legally required to carry.
Economic Outlook For The State Of Texas
In terms of the economy, Texas offers fantastic news for those who are thinking about starting up a business in this state. That's because the Lone Star State has the second largest economy of all 50 states in the nation. The gross state product is valued at an estimated at over $1.706 trillion in 2018. In 2015, the state was the headquarters for six of the top 50 Fortune 500 companies.
As expected, several industries contribute to the economy of Texas. One of the most notable industries is agriculture. In fact, this state has the highest production of cattle, sheep, and goat products. It is also the largest producer of cotton and cereal crops. Other crops that this state is famed for include cantaloupes, watermelons, and grapefruits.
Other leading industries in the State of Texas include:
- Computer Technology
If you are considering going into business in TX, having an operation in any of these industries will likely afford you success.
Commercial Insurance Regulations For Business Owners In TX
The Texas Department of Insurance regulates is the main insurance regulatory agency in the Lone Star State. Texas is quite lenient when it comes to insurance requirements for business owners. In fact, there is only one type of insurance that business owners are legally required to carry, and that is commercial auto insurance. If you are planning on using a vehicle for anything related to your business, whether it's making deliveries, transporting goods, or meeting with clients, you must have a commercial auto insurance policy.
While Workers' Compensation coverage is required in every other state, in TX, is it not mandated; however, if you decide not to carry this type of coverage, you will be required to offer your employees some type of incentive package in the event that the do become injured or develop a work-related illness.
Additional Resources For Miscellaneous & Non-Profit Insurance
Find informative articles on small business commercial insurance for miscellaneous and non-profit 501(c)(3) businesses.
- Adult Novelty
- Agriculture, Forestry, Fishing & Hunting
- Employment / Staffing Agency
- Engraving Business
- Facility Support Services
- Mail Order
- Parking Lot
- Personal Concierge
- Photofinishing Lab
- Private Water Districts
- Process Server
- RV Parks & Campgrounds
- Social Work Services
- Unmanned Aerial Vehicles (UAV) Drone
- Wedding Planner
For 501(c) Non-Profits - Directors And Officers Liability Insurance has become an increasingly important policy to have. D&O coverage protects insured directors or officers against claims involving allegations of wrongful acts occurring while performing their duties as such. The insurance is divided into two separate coverages:
Side A coverage reimburses the individual directors and officers for payments made for loss each has incurred because of wrongful acts.
Side B coverage reimburses the corporation for the payments it has made on behalf of the directors or officers themselves.
General Liability is a foundational policy for almost any business. Most companies do not have any control over the final cost of injuries to a person injured because of their operations, products, or services. The person injured may be a young child, a blue-collar worker, a surgeon, or a homeless person.
The cost of the injuries may be comparatively minor or run into the millions of dollars, depending on the person and the extent of his or her injuries. Do you have sufficient assets to pay such a loss?
Commercial general liability insurance is designed to help you protect your assets with three main coverages:
- Coverage A: Bodily Injury and Property Damage Liability
- Coverage B: Personal and Advertising Injury Liability
- Coverage C: Medical Payments
Request a free Employment Agency Insurance Texas quote in Abilene, Allen, Alvin, Amarillo, Arlington, Austin, Balch Springs, Baytown, Beaumont, Bedford, Benbrook, Big Spring, Brownsville, Bryan, Burleson, Carrollton, Cedar Hill, Cedar Park, Cleburne, College Station, Colleyville, Conroe, Coppell, Copperas Cove, Corpus Christi, Corsicana, Dallas, DeSoto, Deer Park, Del Rio, Denison, Denton, Duncanville, Eagle Pass, Edinburg, El Paso, Euless, Farmers Branch, Flower Mound town, Fort Worth, Friendswood, Frisco, Galveston, Garland, Georgetown, Grand Prairie, Grapevine, Greenville, Haltom City, Harker Heights, Harlingen, Houston, Huntsville, Hurst, Irving, Keller, Kerrville, Killeen, Kingsville, Kyle, La Porte, Lake Jackson, Lancaster, Laredo, League City, Leander, Lewisville, Little Elm, Longview, Lubbock, Lufkin, Mansfield, Marshall, McAllen, McKinney, Mesquite, Midland, Mission, Missouri City, Nacogdoches, New Braunfels, North Richland Hills, Odessa, Paris, Pasadena, Pearland, Pflugerville, Pharr, Plainview, Plano, Port Arthur, Richardson, Rockwall, Rosenberg, Round Rock, Rowlett, Sachse, San Angelo, San Antonio, San Benito, San Juan, San Marcos, Schertz, Seguin, Sherman, Socorro, Southlake, Sugar Land, Temple, Texarkana, Texas City, The Colony, Tyler, University Park, Victoria, Waco, Watauga, Waxahachie, Weatherford, Weslaco, Wichita Falls, Wylie and all other cities in TX - The Lone Star State.
Quotes from leading small business insurance carriers including: ACE, AmTrust, Chubb, Cincinnati, CNA, Colony, Employers, Evanston, Fireman's, Foremost, Guard, Hanover, Hiscox, Liberty Mutual, LLoyd's of London, Markel, MSA, Nationwide, Penn America, Philadelphia, Prime, Progressive, Scottsdale, The Hartford, Travelers, USLI, Utica First, Western World, Zurich & others.