Texas General Liability Insurance

Understanding the nuances of Texas General Liability Insurance can be a daunting task. This guide aims to demystify the complexities and provide you with a comprehensive understanding of this crucial aspect of business protection. We will delve into the what, why, and how of Texas General Liability Insurance, helping you make informed decisions for your business.

At its core, Texas General Liability Insurance is a policy that protects Texas businesses from financial loss resulting from claims of injury or damage caused to others by you or your employees. This insurance is also known as Commercial General Liability (CGL) Insurance.

It covers legal costs and payouts if you are found liable - whether the incident took place on your property or elsewhere. It's important to note that these policies vary, and understanding what is covered under your specific plan is crucial.

In the litigious society we live in, even small mishaps can result in large lawsuits. That's where general liability insurance comes in. It can help cover the costs associated with such legal actions.

Furthermore, many Texas businesses are required by law to have some form of general liability insurance. Even if it's not required, businesses should still consider it as a necessary expense. Without it, you could be solely responsible for all the legal fees and expenses that could arise from an accident, injury, or if you are sued.

General liability insurance in Texas typically covers three areas: bodily injury and property damage, personal and advertising injury, and medical payments. Let's delve into each of these areas.

Bodily Injury and Property Damage

This aspect of the coverage takes care of any costs related to bodily injuries or property damage caused by your business operations or occurring on your business premises. This could range from a customer slipping on a wet floor to damage caused by your products or services.

It's important to note that this coverage does not extend to employees injured on the job - that's covered by workers' compensation insurance.

Personal and Advertising Injury

This part of the policy covers any damages that result from offenses made by your business, such as libel, slander, copyright infringement, invasion of privacy, and more. It's designed to protect your business from claims that come from your advertising activities.

Remember, not all policies cover every type of offense, so it's crucial to understand what your policy covers.

Medical Payments

This coverage takes care of any medical costs resulting from someone getting injured on your business premises or due to your operations. This could include ambulance fees, surgery costs, and more.

It's important to note that this coverage is often limited and does not extend to your employees or to injuries that occur due to professional services.