Small Business Insurance in Dallas, TX
The Thumann Agency, an independent insurance broker in Dallas, TX, has helped individuals find the right business insurance since 1996. We understand the challenges of running a business and work tirelessly to provide the protection and peace of mind you deserve.
Why Choose Us
Choosing the right insurance broker can make a significant difference in protecting your company and livelihood. Here’s why we stand out:
- Business Risk Specialists - We take a proactive approach to help you reduce risks before they become costly claims.
- Trusted Since 1996 - As a BBB A+ agency, we’ve helped thousands of businesses secure reliable risk management solutions.
- Local Agency, Texas-Focused Coverage - We understand state regulations and industry risks, ensuring you get the right coverage without the guesswork.
- More Choices, Better Coverage - We partner with top-rated insurance companies to offer the best coverage at competitive rates.
Learn More About Insurance For Small Businesses
Business insurance, often called commercial insurance, helps protect business owners, from unexpected losses.
Whether you run a small startup or manage a large company, it’s vital for keeping your assets and employees safe.
It also provides crucial coverage against claims that could derail your day-to-day activities.
Common Types of Commercial Business Insurance
✓ General Liability Insurance
✓ Business Property Insurance
✓ Commercial Auto Insurance
✓ Professional Liability Insurance
✓ Business Owner's Policy
✓ Cyber Liability Insurance
✓ Surety Bonds
✓ Workers’ Compensation Insurance
What Types of Insurance Policies are Required In Texas?
✓ Workers’ Compensation Insurance
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Generally Optional: In Texas, most employers aren’t legally required to carry workers’ comp, but it’s mandatory if your company contracts with a government entity.
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Risk for Non-Subscribers: If you don’t provide workers’ comp, you must notify employees and could face a civil lawsuit if an injured worker isn’t covered.
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Real-World Impact: According to ProActive Partners, Texas once had over 100 job-related deaths in a single year. Industries like education, manufacturing, and construction see the highest injury claims.
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Coverage Benefits: Workers’ comp helps pay for medical expenses and partial lost wages if an employee is hurt or becomes ill on the job. It also limits your liability in legal disputes.
✓ Commercial Auto Insurance
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State Requirements:
All vehicles owned by a business in Texas need commercial auto insurance.
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Minimum Liability Coverage:
$30,000 for bodily injury per person
$60,000 for bodily injury per accident
$25,000 for property damage per accident
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Additional Protection:
Personal auto policies typically exclude business use. If employees drive their own cars for work, consider adding hired and non-owned auto insurance (HNOA) to a commercial general liability or business owner’s policy.
Texas-Specific Considerations for Business Owners
As a business operating in Texas, it's important to understand the unique challenges you might face. Here are a few key factors to consider:
- Severe Weather Risks
Texas experiences over 130 tornadoes per year, along with hurricanes and wildfires. Standard policies don’t cover flood damage, so business owners in Houston, Dallas, and coastal regions should consider adding commercial flood insurance for full protection.
- Business Property Statistics
According to a crime report, Texas records 53,325 property crimes annually. Commercial property policies should include theft coverage to safeguard valuable assets, including equipment, inventory, and electronics.
- Liability Risks
Texas is a business-friendly state, but it has strict liability laws. If a customer or vendor is injured at your location, general liability insurance can help cover medical expenses, legal fees, and settlements. For businesses offering professional services, Errors & Omissions (E&O) insurance is crucial to protect against claims of negligence or mistakes.
By understanding these Texas-specific risks, we can better protect your business from financial setbacks.
Get the Best Commercial Insurance for Your Small Business
With so many coverage options available, choosing the right insurance policy can feel overwhelming. That’s why our agents take the time to understand your business risks and guide you toward the best coverage—without overpaying for protection you don’t need.
Before purchasing business insurance, ask yourself:
✔ Property Risks – How would you recover if your building or equipment were damaged in a fire, storm, or theft?
✔ Liability Risks – Could your business afford a lawsuit if a customer was injured on your premises?
✔ Employee Risks – Do you have protection if an employee sues for wrongful termination or workplace harassment?
✔ Cyber Risks – If hackers stole customer data, could you afford legal fees and reputation damage?
Pro Tip: Reviewing these risks with a experienced local insurance broker can help you avoid costly gaps in coverage.
Commercial Business Insurance FAQs
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How much does business insurance cost in Texas?
On average, a Business Owner’s Policy (BOP) costs around $85 per month. However, rates vary based on:
Location – Businesses in high-risk areas (flood zones, crime-heavy districts) may pay more.
Industry Type – A construction company faces more risks than an accounting firm.
Employee Count – More employees mean higher liability exposure.
Coverage Limits – The higher the coverage, the higher the premium.
- Do I Need Insurance for My LLC in Texas?
Texas doesn’t require general liability insurance for all small businesses, but certain types of coverage may be necessary depending on your business type.
When Insurance is Required
Government Contracts – If you work with government agencies, you’ll need insurance.
Workers’ Compensation – If you have employees, Texas law generally requires workers’ comp insurance.
Recommended Coverage for Small Businesses
General Liability Insurance – Protects your business from lawsuits related to injuries, property damage, or accidents.
Errors & Omissions Insurance – Covers legal costs if your business makes a mistake, misses a deadline, or provides faulty advice.
Cyber Liability Insurance – Helps cover costs related to cyberattacks, data breaches, and online fraud.
Business Property Protection (BPP) – Covers damage to equipment, inventory, and business property, plus lost income from interruptions.
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What is the Best Insurance for Small Businesses
The right coverage depends on your industry and risks, but most small businesses benefit from a Business Owner’s Policy (BOP), which combines general liability, commercial property insurance, and business interruption insurance into one affordable package.
✔ Having the right insurance can protect your business and personal assets from unexpected risks. Not sure what coverage you need? Contact us today to discuss your options!
Client Testimonials for Our Dallas Insurance Services
What People Say About Our Local Insurance Agency
⭐⭐⭐⭐⭐ 4.9 out of 5 based on 250+ reviews
Customers praise the Thumann Agency for its quick response times, money-saving results, and exceptional customer service. They mention receiving quotes within hours when other agencies couldn't deliver, and many report significant savings on their policies. Clients consistently highlight how the team makes insurance easy to understand and appreciate their honesty about rates and coverage options. Many are impressed with the comprehensive knowledge across both personal and business insurance needs.
Last Updated: 02.13.2025
Author: Steve Thumann, Licensed Texas Insurance Broker.
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Disclaimer: This page is for educational purposes only. Coverage details vary by provider. Contact us for a personalized quote.