Commercial Insurance in Texas

Difference between Commercial Insurance and Business Insurance.

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Commercial Insurance: Is a general term in the insurance industry used to distinguish between personal lines and commercial lines of business insurance in Texas.

Business Insurance: Is another general term used to distinguish between personal and commercial lines of business insurance in Texas.

In both cases business and commercial insurance terms are interchangeable.  Commercial General Liability is the correct term for both.

In some cases you may be required to produce evidence of insurance as a condition of doing business with a company.  You may be a professional, contractor, or business provider.  For example, a sub-contractor could be required to show evidence of insurance before the general contractors allows him to begin work on a job site.

Following is an example of a type of coverage requested by many companies:

Commercial General Liability: $1,000,000 each occurrence | $2,000,000 aggregate limit.  Aggregate limit refers to the maximum amount of coverage paid during a policy terms.  For example, in this case of a $2,000,000 aggregate limit the insurance company can pay two $1,000,000 claims, four $5,000,000, and so on.  However, the company will not pay in excess of $1,000,000 of any one claim.