Workers Compensation (required in TX once you hire W-2 employees)

Texas does not mandate it, but the civil liability if an uninsured employee is injured can be devastating. Get it before your first hire.

Professional Liability / E&O (if you give advice, consult, or provide services)

GL does not cover claims that your advice caused a client financial harm. E&O fills that gap.

Cyber Liability (if you store client data or process payments)

A data breach affecting 500 client records can cost $75,000-100,000 in notification costs alone before any legal exposure.

Commercial Auto (if any vehicle is used for business)

Personal auto policies exclude business use entirely. Covers company vehicles and employee-owned vehicles used for work.

Review GL and BOP limits as revenue grows

Coverage limits that made sense at $300K revenue are often inadequate at $1M+. Review annually.

Key Person Insurance (if the business depends on one or two people)

A life or disability policy owned by the business on a key employee. Funds a buyout or covers revenue loss if a founder or rainmaker is incapacitated.

Group Health and Life Benefits (when competing for employees)

Group health is often the top benefit candidates ask about. Level-funded plans can be 15-25% cheaper than fully-insured for stable teams of 10+.

Buy-Sell Agreement (if you have business partners)

A life insurance-funded buy-sell agreement ensures that if a partner dies or becomes disabled, the surviving partners can buy out the interest at a predetermined price.