Texas Corporate Office Insurance (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.
Texas Corporate Office Insurance
Texas Corporate Office Insurance. The role of a corporate office is important for the organizing and decision making of a corporation. With such an important role there are many risks, a corporate headquarters is exposed to. This makes having protection a must. Having insurance is one of the best ways to protect your buildings. Getting Texas corporate office insurance is the best thing you can do for your corporate office, and in this post, we will talk about how to get the right insurance for your building.
Texas corporate office insurance protects your headquarters from lawsuits with rates as low as $47/mo. Get a fast quote and your certificate of insurance now.
Corporate Office Property Coverage
There are some basic Texas corporate office insurance policies for your headquarters that can keep it protected. Here are some of the most important coverages you can purchase:
Commercial Property Insurance - gives you protection for the buildings and the contents in them. With this insurance, you'll have protection for all of your assets and buildings. Sometimes there are things in life we just aren't prepared for, and this is why it's important to have insurance. By having this Texas corporate office insurance, your business is protected from fire, smoke, vandalism or anything that can cause damage to your corporate office.
Business Interruption Coverage - offers protection for the times that your business is unable to function the way it should. If you need to make repairs or cover expenses while your business is unable to operate then having this insurance is a must.
Commercial General Liability Insurance - If you cause bodily injury or property damage to a third party you must have this insurance to protect your business. Costs associated with the damage such as medical bills or court fees are covered when you have this type of coverage.
Accounts Receivable Coverage - if your accounts receivable records are damaged by a covered peril this insurance provides you with the protection you need.
Flood Insurance - TX commercial property insurance does not provide coverage for flood damage. You will need to get a separate commercial flood policy if you are at the risk for flooding at your location.
Employee Dishonesty And Crime Coverage - if theft or any other fraudulent activity causes damage to your business then you are covered if you have this type of insurance covering your business.
Corporate Office Liability Insurance
It's important to get the right protection in place so you can protect your TX corporate building from lawsuits. Many risks are involved, and we'll take a look at some of the different Texas corporate office insurance policies you can get to protect your business:
Commercial General Liability Insurance - gives you protection against lawsuits made against your business. If you cause damage to a third party or their property, then you'll be covered with this insurance. "Slip and Fall" are common type of claim that CGL covers in most instances.
Commercial Umbrella Insurance - this Texas corporate office insurance provides excess liability coverage beyond the limits of your base policies to provide you with the best protection for your headquarters.
TX Workers' Compensation - workers comp coverage helps you if there are any bills associated with the injury of one of your workers. If an injury on the job results in a fatality, then this insurance will pay benefits to the surviving family. In most states this is a mandated coverage for any non-owner employees or partners.
TX Commercial Auto Insurance - if a vehicle that is owned and used by your business causes damage to a third party, you are covered by this insurance. However, if your employees use their vehicle to perform business errands, then you may have to get hired or non-owned business insurance to keep them protected.
Texas Corporate Office's Risks & Exposures
Premises liability exposure depends upon whether customers come onto the office's premises or the firm's employees visit or travel to the customer's premises. If clients visit the premises, aisles must be free of debris and have flooring in good condition, no frayed or worn spots on carpet, and no cracks or holes in flooring.
The number of exits must be sufficient and well-marked, with backup exit lighting in case of power failure. Parking lots and sidewalks must be in good repair, with snow and ice removed, and generally level and free of exposure to slip and falls. Off-premises exposures may arise from sales visits, training sessions, and similar work at the customer's premises. There should be policies and training as to off-site conduct by employees.
Professional liability exposure will depend on the type of services offered to clients. Any professional must have an appropriate license and proper certification.
Workers compensation exposure will depend on the actual work being performed. Since most work will be done on computers, potential injuries include eyestrain, neck strain, carpal tunnel syndrome, and similar cumulative trauma injuries that can be addressed through ergonomically designed workstations. Workers who travel off-site can be injured by slips and falls at clients' premises or in automobile accidents.
Property exposures are generally limited to that of an office, although there may be some incidental storage or an area for minor service work. In older offices, light to moderate exposures come from the large amount of paper used. In newer offices, there are often personal computers, photocopiers, and similar equipment. Ignition sources include electrical wiring, heating, and air conditioning systems, wear, and overheating of equipment. Computers and other electronic equipment may be targets for theft.
Equipment breakdown exposures are typically moderate. Climate control is important for many businesses, and breakdown of the heating or air-conditioning units or computers may cause serious loss.
Crime exposures include employee dishonesty and money and securities if receipts are collected in the office. The exposure increases in the absence of background checks and monitoring procedures. All job duties, such as ordering, billing and disbursing should be separate and reconciled on a regular basis. Receipts should be issued for any cash payments received. Bank deposits should be made on a timely basis to limit the buildup of cash on premises. Audits should be performed at least annually. Computer fraud may be a concern, not only directly to the insured, but also through identity theft of customers' personal information.
Inland marine exposures are generally limited to accounts receivable if the firm offers credit, computers, and valuable papers and records for clients' and vendors' information. Duplicates should be kept off-site to allow for re-creation in the event of a loss. Equipment or laptop computers off premises may be subject to theft or transportation losses.
Buusiness auto exposure is generally limited to hired and non-owned. If vehicles are provided to employees, there should be written procedures in place regarding the personal use by employees and their family members. All drivers must have appropriate licenses and acceptable MVRs. Vehicles must be maintained and records kept in a central location.
TX Corporate Headquarters Insurance
The protection of your corporate building is necessary. Taking the time to find the best protection is a wise investment that you can make for the future growth of your business.
Additional Resources For Real Estate Insurance
- Corporate Office Insurance
- Home Inspection Insurance
- Mortgage Broker Insurance
- Property Manager Insurance
- Real Estate Agents Insurance
- Real Estate Appraiser Insurance
Request a free Texas Corporate Office insurance quote in Abilene, Allen, Amarillo, Arlington, Austin, Baytown, Beaumont, Brownsville, Bryan, Carrollton, College Station, Corpus Christi, Dallas, Denton, Edinburg, El Paso, Flower Mound, Fort Worth, Frisco, Garland, Grand Prairie, Houston, Irving, Killeen, Laredo, League City, Lewisville, Longview, Lubbock, McAllen, McKinney, Mesquite, Midland, Mission, Missouri City, Odessa, Pasadena, Pearland, Pharr, Plano, Richardson, Round Rock, San Angelo, San Antonio, Sugar Land, Temple, The Woodlands, Tyler, Waco, Wichita Falls and all other TX cities. Also see Pennsylvania Corporate Office Insurance, New Jersey Corporate Office Insurance, Delaware Corporate Office Insurance, Kentucky Corporate Office Insurance, New York Corporate Office Insurance, California Corporate Office Insurance, Illinois Corporate Office Insurance
Quotes from leading small business insurance carriers including: ACE, AmTrust, Chubb, Cincinnati, CNA, Colony, Employers, Evanston, Foremost, Guard, Hanover, Hiscox, Liberty Mutual, Markel, Nationwide, Penn America, Philadelphia, Progressive, Scottsdale, The Hartford, Travelers, USLI, Western World, Zurich & others.