As a business owner in Texas, it’s crucial to provide adequate coverage for your entity, whether you offer local services to a small clientele or are expanding regionally. From using vehicles for operations to providing retail goods, understanding which insurance policies are best for your current and future ventures is essential. At City Centre Insurance Agency LLC, we assist business owners throughout Houston, TX, in determining which types of auto insurance policies are right for them year-round.
Types of Commercial Auto Insurance in Texas
When managing a business in Texas, it’s important to familiarize yourself with the various types of commercial auto insurance available, such as:
- Mandatory Liability Coverage: Mandatory liability coverage protects against bodily injury and property damage involving your business or a commercial entity. State minimum requirements mandate you to hold a policy that provides a minimum of $30,000 per person, $60,000 per accident, and at least $25,000 for potential property damage.
- Physical Damage: This coverage includes collisions and provides comprehensive protection for non-collision issues, such as vandalism, theft, and natural disasters (in some cases).
- PIP/Personal Injury Protection/Medical Payments: This insurance covers medical expenses for both drivers and passengers, regardless of who is at fault.
- Uninsured/Underinsured Motorist Coverage: Offers protection for those involved in an accident with another driver who is not currently insured.
The more familiar you are with auto insurance options available for commercial business owners in Texas, the easier it will be for you to find policies that reflect your operations and coverage needs. If you’re starting a new business in Houston, TX, don’t leave your insurance up to chance. To eliminate the guesswork involved in finding the best policies for your needs, contact City Centre Insurance Agency LLC for more information and for your individualized consultation with professionals you can trust and rely on today.
