Texas’s 10 Leading Firms For Reliable Business Insurance Coverage

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Many major tech companies have been slowly relocating to Texas recently, a trend started when Elon Musk made the decision to make the Lone Star State his permanent home. There are over 3 million small businesses in Texas (making it one of the most business-friendly regions in the country); in other words, just 0.2% of Texas-based establishments are not small businesses. So, these small businesses must get their hands on reliable insurance coverage right away.

Studies say that 20% of small businesses won’t last a year in the United States, especially in a competitive corporate market like the Lone Star State. That’s why we have compiled a list of 10 leading firms that will give you access to business insurance for protection against problems.

Hiscox

Hiscox is a major company and a prestigious establishment. This Anglo-Bermudian company has been serving clients since the early 1900s. Operating in the United States for the last 40 years, Hiscox has offices in 7 American cities, the nearest ones being in Miami, Florida, and Atlanta, Georgia. Hiscox offers diverse coverage options, ranging from errors & omissions to cybersecurity protection.

InsuranceBee

With InsuranceBee, you can easily get your hands on small business insurance coverage. This provider helps small business owners like caregivers and even businesspeople like real estate tycoons get insured affordably. Moreover, InsuranceBee has a very simple system in which you will get online quotes. Their advisory services are also quite top-notch. So, you can grow your business confidently with InsuranceBee.

Tivly

If you’re looking for a digital marketplace where you can access two hundred providers of business insurance, Tivly is what you are looking for! You can get workers’ compensation, commercial property insurance, BOP, professional liability, and more. Also, this company serves multiple niches in the business sector, especially catering to the needs of Texan startups. So, you can get swiftly available and charge-free quotes with exceptional customer service from Tivly.

Thimble

Thimble also offers flexible, on-demand insurance services. Freelancers prefer working with this insurance provider, getting event insurance, liability coverage, cybersecurity insurance, workers’ comp insurance, BOP coverage, and other options. Thimble’s 300+ branches serve numerous niches throughout the Lone Star State, such as landscaping, photography, consultancy, event planning, etc. You may also buy business insurance policies on an hourly/monthly basis from Thimble.

NEXT Insurance

Claiming to work with 500,000 clients throughout the country, NEXT Insurance is a pretty nice business insurance provider for Texans. You can get a range of coverage options from them, such as BOP, auto liability, workers’ comp, liquor/product liability, tools & equipment, etc. Also, InsuranceBee provides specialized coverage for different industries. Covering 1,000+ trades for Texas-based companies, NEXT Insurance’s services are very comprehensive. You can easily find quotes and download CIs from their website.

Texas Regional Bank

Texas Regional Bank is also a very amazing provider of insurance policies. This bank oversees a large array of coverage options for Texan companies. Both small businesses and some of the Lone Star State’s mid-sized corporations can benefit from TRB’s service offerings. This bank’s key offerings include coverage for manmade and natural accidents. They also cover different industries like ranches, kidnapping, medical emergencies, bonds, workers’ comp, EPI, etc.

Germania Insurance

At Germania Insurance, you get protection from different business-related emergencies so you can grow without worrying about emergency situations. Germania’s business offerings include general liability insurance, business owner insurance, property insurance, flood insurance, data breach insurance, home-based business insurance, and religious place insurance. No matter what sort of business you’re running, Germania accommodates your needs with its unique service offerings.

Texas First Bank

Texas First Bank is FDIC-insured, and you can trust their services to stay protected. They are proud to bring 100 years of knowledge into this business. On their website, they’ve stated this: “[We] take a consultative approach to analyzing your full risk profile and developing a comprehensive solution to reduce your costs and maximize your protection.” Whether you need professional service insurance, executive liability insurance, or cyber liability coverage, Texas First Bank will fulfill your needs.

VeraBank

Based in Henderson, TX, VeraBank is a quality provider of insurance policies for businesses. As a Texan solopreneur, you can easily apply for business insurance coverage and make the best out of your business plans. VeraBank provides this service through Citizens Financial Group or CFG Insurance.

Magnum Insurance

This provider gives you access to comprehensive business insurance in Texas. With Magnum Insurance, you can get a free small business insurance quote. Also, this provider will cover up to $2 million in liability protection. Whether you require commercial general reliability insurance or something else, the folks at Magnum will have your back.

Brief Overview of Leading Business Insurance Providers 

The table below describes how the leading 10 Texan insurance companies differ by product and unique selling features.

Top Texan Cities for Business Insurance 

The following Texan cities provide the required infrastructure support and economic environments suitable for finding business insurance solutions.

1. Houston
2. San Antonio
3. Dallas
4. Austin
5. Fort Worth
6. El Paso
7. Arlington
8. Corpus Christi
9. Plano
10. Lubbock
11. Laredo
12. Irving
13. Garland
14. Frisco
15. McKinney

Texas Government Resources for Business Insurance

You can get additional information about business insurance requirements in Texas through these government resources.

• Texas Department of Insurance 
• Business Insurance in Manor, TX
• American Agri-Business Insurance Company
• City of Georgetown Business Insurance

Conclusion

Texas’s small business economy is thriving right now. If you need business funding in Texas, we have written a separate article about it. Also, you should look for business insurance coverage providers in Georgia for business expansion. Even if you want business insurance coverage in California, we have covered this topic as well. Visit Sophisticated Investor for the latest insights on protecting and growing your business.