Business Insurance in San Antonio, TX
Business insurance, also called commercial business insurance or commercial insurance, is insurance coverage designed to cover a business, including its employees and ownership. There are a wide variety of different types of commercial insurance available.
Having the right commercial insurance policies is a significant component of a comprehensive risk management strategy that can help protect your business’s finances. Our agency is here to help you with all of your business insurance needs. Call American Eagle Insurance & Tax Insurance today to learn more or to get a free, no-obligation quote.
What Is Business Insurance?
Business insurance, or commercial insurance, is a broad category of insurance coverage designed to protect businesses from financial losses and liabilities associated with various risks and unexpected events. Business insurance policies are tailored to a business’s specific needs and risks, whether it’s a small startup, a large corporation or anything in between.
What Does Commercial Insurance Cover?
Insurance needs can vary, but most businesses need a minimum of the following three types of coverage:
- Commercial property insurance may help compensate a business if its property gets damaged due to covered incidents (e.g., fires, theft, vandalism or severe weather). It may include coverage for the business’s physical structure, furniture and other items critical to normal operations.
- General liability insurance may help pay for losses and medical bills if a business or its employees cause property damage, bodily harm, or personal or advertising injury to a third party. It also often covers legal expenses stemming from third-party liability claims.
- Workers’ compensation insurance may provide wage replacements and medical benefits to employees who have sustained injuries or illnesses due to work-related incidents.
The following are additional coverage options an insurer may also recommend:
- Cyber liability insurance
- Commercial auto insurance
- Commercial umbrella insurance
- Professional liability insurance
- Directors and officers insurance
- Product liability insurance
- Business interruption insurance
- Employment practices liability insurance
If you need business insurance solutions, we’re here to help. Contact American Eagle Insurance & Tax Insurance to get started.
Business Insurance Policies
Every business’s insurance needs vary and may be influenced by company size, location, number of employees and industry. A few standard policies businesses may carry include the following:
- General liability insurance—A policy can provide coverage for claims of bodily injury or other physical injuries, personal injury (libel or slander), advertising injury and property damage. It can be offered as a package policy with other coverages such as property, crime, automobile and more.
- Business property insurance—Also called commercial property insurance, this coverage helps pay for damages to your company’s equipment and property after a covered accident or incident.
- Business interruption insurance—If your business must shut down or cease operations due to a covered incident, this coverage can help replace lost income and pay for extra expenses incurred during the shutdown.
- Commercial auto insurance—If your company has vehicles, you will likely need to secure a commercial auto insurance policy to properly insure any fleet members or employees who are drivers for your organization.
- Professional liability insurance—This type of policy provides coverage if anyone makes a claim of negligence, misrepresentation or inaccurate advice against your business.
- Workers’ compensation insurance—This coverage can help employees who become injured or ill due to a work-related incident receive replacement income, medical benefits and other financial assistance if they cannot work. Most states require that employers carry workers’ compensation insurance.
Depending on your business and industry, you may need to purchase other insurance policies for proper coverage. Contact American Eagle Insurance & Tax Insurance today to discuss your insurance needs.
How to Get Commercial Insurance
If you need business insurance solutions, we’re here to help. Give American Eagle Insurance & Tax Insurance a call today to get started.