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San Antonio is a popular hotspot for new small businesses thanks to its reputation for stellar entrepreneurship support. Protect your small San Antonio business with these popular insurance products.
A general liability policy protects San Antonio businesses from lawsuits related to customer accidents, defamation, and copyright infringement. Commercial leases often require this coverage.
This policy covers legal costs related to mistakes and oversights, such as a consultant's advice that leads to financial loss. It's also called errors and omissions insurance (E&O).
Cyber liability insurance covers the costs of data breaches and cyberattacks. Every San Antonio business that handles credit cards or other personal information should carry this coverage.
A BOP bundles general liability coverage and commercial property insurance at a discount. It's the policy most often recommended for small businesses in San Antonio.
Workers' compensation helps pay for medical costs when an employee is injured at work. It also covers work-related medical bills for sole proprietors, which personal insurance may not cover.
All vehicles owned by San Antonio businesses must be covered by commercial auto insurance. This policy covers auto accident injuries and property damage.
Professional services in San Antonio carry this coverage to protect against legal costs from clients harmed by your advice or services. It's also called professional liability insurance.
This policy covers the cost of repairing or replacing your building's physical structure and contents. Bundle it with general liability coverage in a BOP for a discount.
An umbrella policy provides coverage once the limit is reached on your underlying general liability insurance, commercial auto insurance, or employer's liability insurance.
Hear from customers like you who purchased small business insurance.
State and local laws can determine the type of insurance you need. These policies help you comply with Texas business insurance requirements.
Texas does not require employers or sole proprietors to carry workers' compensation insurance. Employers choosing not to provide coverage must notify the Texas Department of Insurance that they will not do so.
Even though it's not mandatory, small business owners in San Antonio should strongly consider carrying the policy. Workers' compensation protects businesses if an employee sustains work-related injuries and provides disability benefits if an employee needs to take time off to recuperate.
Workers' comp also typically provides employer liability coverage if an employee sues your business over their injuries. Not carrying workers' compensation coverage can be extremely expensive if the small business owner has to cover employee injury costs out-of-pocket.
All San Antonio businesses must carry commercial auto insurance for company-owned vehicles. This policy will protect your business if an accident or incident results in medical bills, property damage, or legal costs.
The state of Texas requires San Antonio businesses to carry a minimum coverage of:
While these are the mandatory minimums, you may want to consider additional coverage to protect against exceptionally expensive accidents and lawsuits. Commercial trucking companies often require additional coverage as well.
If you or your employees plan to use personal vehicles for business purposes, you’ll need a separate car insurance policy called hired and non-owned auto (HNOA) insurance.
Small businesses in San Antonio can get quality commercial insurance for a low rate. Here are a few average costs for Texas businesses:
General liability: $42 per month
Workers' comp: $32 per month
Professional liability/E&O: $71 per month
The cost of business insurance depends on factors such as:
