Commercial insurance can be a lifesaver for a business due to its many practices and coverage options. If you’re looking for specific coverage, contacting a professional at AAIGOT Insurance Agency Inc. in Houston, TX, can help. We will help explain Texas laws designed to protect businesses. If you’re unsure what those are, keep reading for a brief explanation.
Who Regulates Texas Insurance Laws?
The Texas Department of Insurance is the main regulatory body that outlines the laws and regulations in Texas. These laws and regulations are updated regularly, which can cause confusion for business owners. If you’re looking for Texas-specific laws and coverage, talking to an agent is your best bet to understand the limits.
Major Requirements For Commercial Insurance
Many states, including Texas, have laws that detail how certain businesses meet specific requirements. For example, restaurant owners must carry a liquor license and liability insurance if they serve alcohol. Conversely, businesses that work with hazardous chemicals or materials will need additional coverage to ensure they have specific coverage.
Therefore, a business will need to ensure that they meet the minimum criteria before qualifying for specific coverage. In addition, companies will need to add extra commercial insurance coverage if they are running certain businesses. This can become confusing if you’re not used to choosing your own insurance plans.
Texas Law and Regulation Compliance for Commercial Insurance
Understanding all the laws and regulations can be tedious for clients, who are often already overwhelmed with their coverage. That said, a professional at AAIGOT Insurance Agency Inc. in Houston, TX, can help guide you through the latest updates for laws and regulations. We’re eager for you to call.
