Tyler Business Insurance

Your Complete Guide to Tyler, TX, Business Insurance

(And why your coverage should be with an independent agent)


Tyler, Texas, has a population of 104,991 and is known as America's rose capital. Producing more than a third of the countries rose bushes, Tyler has earned the name.

Your business insurance can smell just as sweet with an independent insurance agent. They have access to dozens of A-rated Tyler carriers, finding a policy to fit your budget. Connect with a local agent on TrustedChoice.com to get started.

Workers' Compensation Insurance for Your Tyler, TX, Business

Coverage for your employees and protection for your business can be easy with workers' compensation insurance. When an employee gets injured or ill on the job, there is a lot of liability that could come with it. This would put your company in financial risk without the proper protection. 

Workers' compensation insurance: This provides coverage for an injured or ill employee that got hurt on the job. It will pay for medical expenses and lost wages. Policy limits look like this:

  • $100,000 per occurrence for bodily injury 
  • $100,000 per employee for bodily injury by disease
  • $500,000 policy limit for bodily injury by disease

Each state has its mandates on workers' compensation insurance, except for Texas. Texas is one of the only states that does not require coverage unless you work in the government or construction industries. Your agent can help you determine when you should obtain workers' compensation insurance for your business.

Your Tyler, TX, Business Interruption Insurance

A hurricane, flooding, and fire are just some of the occurrences that could put your Tyler company on hold. When you need to still pay for business expenses, but your operations have stopped, business interruption coverage can save the day. Let's look at what business interruption insurance will pay for:

  • Rent or mortgage expenses
  • Utilities
  • Payroll
  • Vendor fees

Texas has had 254 federally declared disasters since 1953. That's over 3.79 catastrophes per year that could put your Tyler based company out of commission. Your independent agent can make sure you have enough business interruption coverage before a disaster takes place.

Why Your Business Should Have Cyber Liability in Tyler, TX

Online predators can sneak into your database and steal your clients' and business's information. When a cyberattack occurs, your company is liable for any lawsuits and damage that may come your way. Let's look at the numbers:

  • Number of US data breaches in 2019: 1,473
  • Identity thefts reported in TX in 2019: 75,533

Cyber liability insurance will pay for your legal costs if a lawsuit arises from a cyberattack claim as well as any damage it may have caused your business. Connect with your independent agent to find a cyber liability policy for your company.

Commercial Property Insurance in Tyler, TX

Perils that could cause severe damage to your commercial property can happen suddenly. If your structure or belongings suffer damage due to fire, hurricanes, and other weather, you'll want coverage. A commercial property policy can insure your assets in the following ways:

  • The replacement cost of a structure
  • The replacement cost of business belongings such as furniture or inventory

Tyler, TX, has five primary claims that occur more frequently. They are in order of most reported below:

  1. Storms
  2. Floods
  3. Hurricanes
  4. Tornadoes
  5. Fires

Your commercial property insurance will provide coverage for most of the above claims, excluding flood. Flood insurance needs a separate policy that is regulated by FEMA. 

Flood insurance for your Tyler commercial property:

While some areas may be more at risk for flooding, it's important to know that all locations could flood at some point. You can find what flood zone your property is in on your elevation certificate. An independent agent can look up your zone and quote through FEMA approved carriers.


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Liability Insurance for Your Tyler Business

One of the most used coverage on your business policies is liability insurance. Your general liability or GL coverage will protect many different claims. When your business gets sued by an injured client, a slanderous comment, or defamation of character, liability coverage will apply.

A GL policy will protect your business's financial interests in the event of a lawsuit. Coverage will apply to slander, advertising injury, and bodily injury. 

A Tyler independent agent can quote your GL insurance to cover all your business risk exposures.

Attract Staff with Employee Benefits in Tyler, TX

Health insurance is a costly coverage that your employees need to protect themselves and their families. Employee benefits coverage can help pay for a portion of that expense. Let's look at the averages:

  • Average annual health premiums for family employee coverage in 2019: $20,576
  • Average annual health premiums for single employee coverage in 2019: $7,188

As a business owner, you need to attract good employees and keep them. By offering a generous benefits package, you can help your employee stick around because of the value you're adding. Benefits can consist of healthcare, life insurance, and even a gym membership. Speak with your Tyler agent to put together a creative employee benefits package.

Find a Tyler Independent Agent

It makes sense to protect your largest asset with the right business insurance coverage. A Tyler independent insurance agent can get you the best price in town. 

They work with several A-rated carriers and can find your business coverage that fits. Go to TrustedChoice.com to connect with a local independent agent and start saving today.

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City of Tyler