Texas Business Insurance

Handyperson insurance is required in Texas if you are a licensed contractor working for a construction company or a contract with the government. As a profession that is physically demanding, requires the use of various tools and provides many specialized services, it is crucial for those who own this type of business to obtain insurance.

As a Handyperson, general liability insurance, or commercial general liability (CGL) insurance, is a great way to protect yourself and your small business from claims of bodily injury, property damage, and/or personal injury. For example, you might face a bodily injury claim if your client trips over an electrical cord or a ladder; or a property damage claim if you or one of your employees accidentally damages or breaks something in a client’s home, while you are on the job. Your CGL policy could cover any associated medical costs for the bodily injury claim and/or the cost to replace the damaged good in your clients home. You can protect your Handyperson business from hypothetical scenarios like these, among others, with general liability insurance from Hiscox. 
 

Photography is a powerful art form, but doing it professionally means that photographers need to make smart business decisions. Hiscox helps photographers in Texas protect themselves and their businesses from lawsuits concerning personal injury, property destruction, professional negligence and a variety of other variables that are often unforeseen in the photography business.

Professional liability insurance protects photographers from claims that may occur, for example, as a result of faulty or corrupt memory cards and hard drives that store valuable photographs for a client. It may also protect against dissatisfied clients who may have miscommunicated expectations for a project. Hiscox’s general liability insurance can protect a photographer from bodily injury claims if a customer slips and falls in a studio or trips over a wire and sustains an injury. Damage to a client’s home or event space would also be covered in this case, and while liability insurance is optional for photographers in Texas, it is highly recommended that professionals be covered in the event of these unfortunate mishaps.  
 

Professional liability insurance is the most common type of insurance obtained by accountants. It covers a wide range of claims, including negligence and accounting mistakes when delivering services to customers. If an accountant fails to fulfill contractual obligations on time, then this type of insurance could help cover the costs that result in a client’s claim of lost business revenue. 

Accountants also obtain general liability insurance to protect against bodily injury, personal injury, and property damage. This type of insurance protects an accountant from claims, for example, if a client slips in the office to claims of personal slander, and more. These hypotheticals do happen, and that’s why it’s important for accountants to obtain insurance to cover many of these unfortunate scenarios. 
 

Personal trainers help clients get in shape, train for marathons and recover after injuries. Due to the nature of this business, personal trainers often obtain liability insurance to protect them from claims of negligence. Given the unfortunate event that a client needs medical help as a result of physical training sessions, liability insurance could help cover costs incurred by the client. General liability insurance from Hiscox also helps protect personal trainers in Texas from bodily injury and property damage claims. For example, if a client trips over training equipment and blames the personal trainer for not keeping the area organized and safe, Hiscox can help protect the trainer from the client’s and other third-party claims of bodily injury and payment of medical costs. 

Workers compensation insurance is not required for personal trainers in Texas. However, this is an industry that focuses heavily on fitness stress and, sometimes, pushing the physical limits of the body. 

In Texas, the top 10 natures of injury in the workplace were of the following: strains (27.40%), contusion with bruise on skin surface (12.50%), sprains (8.90%), fracture (break of bone or cartilage) (8.80%), laceration (6.60%), multiple physical injuries (2.80%), inflammation (1.90%), dermatitis (1.70%), burn (1.60%), and puncture (1.60%).

here is a heightened risk of bodily injury for employees working with clients in the fitness industry, and it would be advantageous for personal trainers to obtain coverage for their employees.
 

Business owners in every industry face certain risks, and those in the therapy and counseling practices are no different. If a patient files a claim against a practice for dissatisfaction – if they are not making progress or not receiving the care they expected – professional liability insurance can go a long way. For instance, if a marriage still suffers after significant therapy, clients can sue, and that’s when a therapist’s practice could benefit from insurance. Hiscox covers a broad range of mental health services, including: family counselors, hypnotists, marriage counselors, occupational therapists, psychologists, and social workers.  

Most therapist services have their own office space where clients can visit professionals. General liability insurance covers office owners if a client slips and falls in the office or a small fire breaks out from a candle or space heater. These are just a few of the many risks that demonstrate why a therapist or counseling service should obtain various forms of liability insurance. 
 

General liability insurance, known as Commercial General Liability (CGL), protects your business from another person or business’s claims of bodily injury, associated medical costs, and damage to property. Some examples of what could be covered are below:

• Bodily injury: An event planner is setting up some booths for a client’s demonstration. A customer comes to look at booth and trips over some wires the event planner left out. The event planner’s general liability insurance policy could cover the customer’s medical costs, that result from the injury.
• Property damage and data loss: A consultant spills coffee on an architect’s server causing damage. General liability insurance coverage could cover the subsequent claim up to general liability policy limits.
• Personal injury: An assistant at a hair salon is overheard speaking negatively about one of the salon’s customers on her lunch break to other customers. Word gets back to the customer who then sues the salon for slander. A general liability insurance policy could cover defense costs as well as any settlement or judgment.

Learn more about general liability insurance costs for your business. 

Professional liability insurance, also known as errors and omissions insurance (E&O insurance), covers another person’s claims against businesses that provide professional and personal services. Some examples of what could be covered include:

• Dissatisfied client: A business consultant is hired to increase a company’s productivity. The consultant advises the company to implement several internal processes, however, the recommendations are not implemented as specified and productivity decreases rather than improving, causing the client to sue the consultant. A professional liability policy could protect the consultant, even if no mistake was made.
• Negligence: A tax accountant is preparing taxes for this client. The client asks about a deduction he heard about and the tax preparer adds it in without checking to make sure it is accurate and applies to his client. The IRS fines the client who sues the tax preparer for negligence. A professional liability policy could protect the tax preparer.

Learn more about professional liability insurance.

Business owners policy (BOP) is a combination of general liability and business property insurance. BOP is often used to provide balanced coverage for small businesses who also want to protect their own business equipment. Some examples of what could be covered are below:

• Office insurance for fire and business interruption.
• Electronic data loss insurance.
• Hired or non-owned vehicle liability insurance.
• Commercial crime insurance to cover the dishonesty of employees.

Learn more about business owners insurance.

Businesses in Texas can be protected from computer-related losses like extortion attempts and data breaches with cyber security insurance coverage. This coverage is important to protect businesses that have a website, accept credit cards or other digital payments, and use email. Sometimes called cyber liability or cyber risk insurance, cyber security insurance can cover scenarios like these:

• Cyber extortion: You receive an email that appears to be from a vendor you use, and it includes a link to confirm your contact information. You click on the link, but the email is fraudulent and your computer is infected with malware. You receive a demand for ransom to restore your data. Cyber security insurance could provide expert assistance in handling the ransomware demand as well as covering the associated costs.
• Data breach: Your customer database is breached. While it’s unclear if sensitive information was compromised, you are required to notify the affected parties and provide credit monitoring. Cyber security insurance can cover the cost of complying with the regulatory requirements, including providing defense against lawsuits and fines if necessary.

Learn more about cyber security insurance.