Being a contractor in Texas requires that you have certain Contractors Insurance to do business.  If you are a contractor in the building trades you need to have proper insurance policies to protect you and your employees.  In times of accidents you need the right insurance to protect yourself, you job sites, or your clients property.

Being in the construction business carries some element of risk with every job.  By making sure you have the right insurance you can make sure your company is a step closer to protecting your business should an accident happen.  It does matter if you are a small builder or a commercial builder it is key to make sure that you have the right amount of coverage.  Having the wrong amount is just as bad as not having any.

Not only do you want to purchase insurance from a state licensed provider you want to make sure that you have the right coverage for your specific region.  Make sure that you review and understand all of your policies, talk to a licensed broker to walk through them with you.  You don’t always want to settle for the lowest quote, but look for the best one that fits your needs.

Important Texas Insurance Policies:

Workers Compensation Insurance was designed to pay for medical bills and wage benefits to employees if injured on the job.  Although not required by the state of Texas, Workers Compensation Insurance is an important policy to have.  In the case that you don’t have the right coverage your company is liable for paying the employees benefits.

Texas Workers Comp insurance covers medical benefits, lost wages, rehabilitation cost, and travel reimbursement.  If you do not have the coverage your company is subject to pay for all of these cost and maybe even more.

General Liability Insurance is another important part of your risk management solutions.  General Liability insurance will protect you and your company from lawsuits brought on by bodily injury, property damage, or personal injury to a third party.

If you have the right amount of coverage Texas Liability Insurance will pay from all expenses that you could incur because of the accident.  It pays for medical bills, travel, litigation expenses, and any other expense.

You can imagine how costs could add up because of a lawsuit.  You don’t want to have to pay that amount out of pocket.

The laws and regulations are always changing when it comes to insurance for contractors.  It is important to partner with a trusted broker to make sure all of your questions are answered and you receive the right coverage to fit your needs.

Go to TexasContractorsInsurance.net to get more information on Texas Liability Insurance, Texas Workers Comp, and other Contractor Insurance.

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