General Liability Insurance

Protecting the businesses of Texas…

General liability, also known as “commercial liability insurance”, is a broad commercial insurance policy that covers general liability exposures of a business. At Prosper Insurance Center, we recommend that all businesses have general liability coverage in place.

Professional Liability Insurance (Errors & Omissions)

Errors & Omissions (E&O) covers professionals for negligence and errors or omissions that injure their clients or cause damage to a third party’s data. This type of insurance is particularly important to licensed professionals such as accountants, attorneys, insurance agents, architects, engineers, and technology companies. Prosper Insurance Center recommends that all professional and technology companies have E&O coverage.

Employment Practices Liability Insurance (EPLI)

Employment Practices Liability Insurance for employers covers employment-related liabilities other than on-the-job injuries. This can include legal fees and damages for suits such as wrongful termination, discrimination, sexual harassment, and other alleged violations of employees’ legal rights. If you have employees, Prosper Insurance Center recommends considering this type of coverage.

Directors and Officers Insurance (D&O)

D&O covers directors and officers of a company for negligent acts or omissions and for misleading statements that result in lawsuits against the company. There is a variety of Directors and Officers coverage available such as corporate reimbursement coverage, personal liability, and entity coverage. D&O policies may be broadened to include coverage for employment practices liability as well.

To find out more about these, as well as other products and services, call Prosper Insurance Center at 972-347-5573 and we’ll help make sure you’re properly covered.

Key Man Insurance

When a company purchases a life insurance policy on a key employee, then pays the premiums and is the beneficiary of that policy, that is a Key Man Insurance policy. If that person unexpectedly dies, the company receives the insurance payoff.

Buy & Sell Insurance

Using life insurance with a buy-sell agreement, either the company or the individual co-owners buy life insurance policies on the lives of each co-owner. In the event of a death, the policy owners receive the death benefits. Contact us today to find out more!