Box Insurance
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Business Insurance |
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For more than 80 years, Box Insurance has been in business to protect your business. We specialize in small, locally or family-owned businesses. You may qualify for a 10- to 15-percent discount on your business insurance if we write your home and auto insurance!
- General
Liability: The purpose of
the General Liability policy is to protect the insured from
claims holding the insured legally liable for causing property
damage or bodily injury to a third party (those who are not
employees). General Liability also protects the insured from
personal injury and advertising injury claims.
- Business
Auto: Similar to the Personal Auto Policy, but for businesses.
It is important to note that the Business Auto Policy does
not protect an employer from bodily injury to an employee.
This is covered on the Workers Compensation Policy.
- Property:
In today’s ever-changing environment, it is critical to estimate
the replacement cost of buildings on an annual basis. Factors
such as hurricanes driving up the demand for timber, China
demanding half of the steel and concrete output on earth,
and rising gas prices all cause the cost to replace your building
with similar materials and quality to increase. If you have
not reassessed the replacement cost on your building.
- Workers’ Compensation:
Texas is the only state that allows employers the choice to
carry Workers Compensation insurance. However, Texas also
takes away every legal defense possible from employers if
an employee is injured on the job. In other words, Workers
Compensation is no-fault insurance, which means that if an
employee is injured on the job, Workers Compensation insurance
pays the medical bills (no limits), lost time pay and rehabilitation
bills. If the employer does not have Workers Compensation,
then they, by law, will pay all of the above. If the employer
carries Workers Compensation, then the employee, by state
law, has to take the benefits and cannot sue the employer.
Without Workers Compensation, the employer is open to employee
lawsuits. All you have to do is watch a few commercials during
a workday to see that there are plenty of attorneys ready
to assist in this pursuit.
- Equipment: If you
are in construction, your equipment is your income- producing
asset. Without it, your business would fail. An Equipment
Policy covers your equipment wherever it goes and cover rented
or leased equipment if you purchase that option.
- Umbrella: The purpose
of the Umbrella Policy is to provide excess limits of insurance
over and above the limits provided on multiple policies, such
as general, auto and employers’ liability policies. The Umbrella
Policy can provide extra limits from $1 million to $20 million
in excess liability.
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