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.
Texas Commercial Van Insurance
Texas Commercial Van Insurance. If you operate a van in the course of doing business, then you must make sure that your commercial van insurance protects you from losses resulting from claims, accidents and injuries you or your employees may cause. Vans are used widely across a number of industries, including by rental companies, florists, caterers, restaurants, and others.
If you own one van or even a fleet of commercial vans, it is important to get the appropriate level and type of Texas commercial van insurance on your cargo van. The coverage needed depends largely on the number of vans you own, whether you drive out of state or in-state only, and how you use your vans in the business.
Texas commercial van insurance helps your business cover medical and liability costs from an accident- with rates as low as $57/mo. Get a fast quote and your proof of insurance now.
Texas commercial van insurance is generally written based on the specific use of the van, what the van is used for hauling, and whether or not you cross state lines during the course of transacting business and making deliveries. By contrast, personal vehicle insurance is for owners who use their vans in non-commercial settings. If you do use your personal vehicle for business purposes, then there's a good chance that your insurer will not cover any accidents that occur during its business use.
There are several types of commercial vans that your business may use. These include box vans, cargo vans, step vans and refrigerated vans. There are also passenger and courier vans. Each of these vans has unique properties and different applications, but all of them have one thing in common: they are used commercially and require Texas commercial van insurance to protect your business from unmitigated risks.
Choosing Commercial Van Insurance
A variety of scenarios exist that necessitate buying TX commercial van insurance. Here are some of the most popular, although your situation may be slightly different:
- You are the owner of a business that offers a service that requires deliveries. This might be a flower shop, a bakery, or a company that rents equipment. You make deliveries in your van to customer's venues.
- You are the owner of a commercial business that hires employees to transport people or make deliveries.
- You are a plumber, carpet installer, painter or some other type of contractor working from home. You use your van to haul items to your job site.
- You deliver documents or packages around your area using a van and work as a courier.
- You are a contractor who contracts your van out to make deliveries.
- You rent your van as part of your business.
- You own a fleet of vans that transport passengers to the airport.
- You own a daycare facility that picks up and drops off children.
- Your church uses its van to transport parishioners to service.
For all of these scenarios, Texas commercial van insurance is an important purchase. It provides insurance protection for you, your passenger, and any contents that you haul. When compared to personal auto insurance, you can choose higher limits for your commercial insurance, and with those higher limits, you can protect your business financially if you or an employee cause an accident that results in property damage or bodily harm to another person.
Hazardous materials, valuable goods, passengers, and employees can all be involved in commercial accidents. Your insurance should be able to cover any expenses involved in repairing or replacing the van, lost cargo, medical costs, and legal costs to defend the business if someone files a claim against you.
What Type of Commercial Van Insurance Do You Need?
The type of Texas commercial van insurance and the limits set by your specific policy should be based on several factors, including whether or not you are a contractor or a business owner. You should also tailor your policy around the particular requirements and laws in your state, since they vary widely. There is typically a minimum mandated coverage amount and type for commercial vans, and each state department of insurance or your insurance agent can help you determine the right level and type of coverage for your particular needs.
Although every business owner's situation is different, a typical commercial van insurance policy generally offers:
- Bodily injury liability coverage. This covers expenses incurred by injured persons if you or someone in your employ is found to be at fault for an accident in your commercial van.
- Property damage coverage. If the driver of your commercial van damages the property of someone else, this coverage pays.
- Collision insurance. This type of coverage handles repairs to your own vehicle following an accident. It covers costs regardless of fault.
- Comprehensive insurance. This insurance covers all non-collision damage. For example, theft, weather-related damage and damage from vandalism.
- Medical payment coverage. The driver and passengers in your commercial van are covered under this type of policy.
- Uninsured or underinsured motorist's policy. If someone with inadequate or no insurance hits your commercial van, this policy makes up the insurance coverage shortfall.
Buying Your Commercial Van Policy
When you purchase Texas commercial van insurance, any compensation that you receive following a covered event depends on the event, the amount of your loss, the deductible on the policy, and the type of coverage your purchase. You may want to consider an umbrella policy if the limits on your policy do not fully cover your potential risks as a business owner. Discuss your situation with a knowledgeable insurance agent to find out if your policy is sufficient for your needs.
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 2019. 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 Commercial Auto Insurance
Learn about small business commercial auto insurance which includes liability and physical damage protection for vehicles that are used for business purposes.
- Big Rig Truck
- Bobtail Non-Trucking Liability
- Commercial Auto
- Commercial Van
- Dump Truck
- Food Truck
- Non-Owned and Hired Auto Liability
- Owner Operator
- Pizza Delivery
- Tow Truck
The person injured in an vehicle accident may be a child, a wage earning single parent, a brain surgeon, or even a homeless person. The costs of the accident may be relatively small or run into the millions of dollars, depending on the victim and his or her injuries. Do you have the assets to handle such costs?
The insurance company pays amounts an insured is legally obligated to pay as damages because of bodily injury or property damage and certain types of pollution events covered by this insurance caused by an accident and resulting from ownership, maintenance or use of covered vehicles.
The obligation to pay is triggered only by accidental occurrences involving vehicles covered under the Business Auto Coverage Form. An eligible pollution event is covered only if it is connected to a covered bodily injury or property damage loss.
It is important that you have the proper Limit of Insurance to protect your operations. This limit is the most the insurance company pays for the total of all damages, including any covered pollution cost or expense resulting from any one covered accident, is the Covered Auto liability limit of insurance on the declarations.
This limit applies regardless of the number of insureds, autos covered, vehicles involved in an accident, premium paid, or number of claims made.
Request a free Texas Commercial Van insurance 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.
Federal Motor Carrier Safety Administration Information
- Federal Motor Carrier Safety Administration (FMCSA) - The Federal Motor Carrier Safety Administration's primary mission is to prevent commercial motor vehicle-related fatalities and injuries.
- Safer System - The FMCSA Safety and Fitness Electronic Records (SAFER) System offers company safety data and related services to industry and the public over the Internet. Users can search FMCSA databases, register for a USDOT number, pay fines online, order company safety profiles, challenge FMCSA data using the DataQs system, access the Hazardous Material Route registry, obtain National Crash and Out of Service rates for Hazmat Permit Registration, get printable registration forms and find information about other FMCSA Information Systems.
- FMCSA Forms - All forms needed for the Federal Motor Carrier Safety Administration.
- Update MCS 150 - Form MCS-150 and Instructions - Motor Carrier Identification Report.
- How does CSA work? - CSA (Compliance - Safety - Accountability) re-engineers the former enforcement and compliance process to provide a better view into how well large commercial motor vehicle carriers and drivers are complying with safety rules, and to intervene earlier with those who are not.
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.