In 2025, there are several key types of Business Insurance policies that are crucial to consider, depending on your business type and needs. Below is Business Insurance checklist to use as a guide. 

• General Liability Insurance: Covers costs associated with third-party bodily injury, property damage, and related legal fees.
• Professional Liability Insurance (Errors & Omissions): Protects against claims of negligence or inadequate work, especially important for service-based businesses.
• Property Insurance: Covers damage to your business property due to fire, theft, or other disasters.
• Cyber Liability Insurance: Protects against cyberattacks, data breaches, and related losses, which have become increasingly important in our digital age.
• Workers' Compensation Insurance: Covers medical expenses and lost wages for employees injured on the job, mandatory in most states.
• Commercial Auto Insurance: Covers vehicles used for business purposes, including liability and physical damage.
• Business Interruption Insurance (Business Income Insurance): Provides income replacement and covers expenses in case your business operations are interrupted due to a covered peril.
• Key Person Insurance: Protects against financial loss due to the death or disability of key employees.
• Product Liability Insurance: Covers legal fees and damages related to defective products that cause harm or injury.
• Directors and Officers (D&O) Insurance: Protects directors and officers from legal expenses and damages in case of lawsuits alleging mismanagement.
• ​Umbrella Insurance: Provides extra protection beyond the limits of your existing business liability policies, helping to cover costs that exceed those limits in the event of a lawsuit or claim. 

The specific needs of your business will determine which of these policies are essential. It's often wise to consult with an insurance professional to tailor coverage to your unique risks and operations. If you have questions about your Business Insurance policies, please feel free to contact me.

Jason Matison
Commercial Insurance Agent
Austin, Texas

​Product Liability Insurance is crucial for businesses that manufacture, distribute, or sell products. It helps protect against claims arising from defective or harmful products. However, like any Business Insurance policy, product liability coverage comes with exclusions—specific situations or circumstances where claims may not be covered. Understanding these exclusions is essential for businesses to avoid unexpected financial risks. Below are some exclusions to look for when getting a Product Liability Insurance Policy:

Intentional Acts and Fraud
Product liability insurance does not cover damages caused intentionally. If a business knowingly sells a defective or harmful product, any resulting claims may be denied. Fraudulent misrepresentation of a product’s safety can also lead to claim denials.

Product Recall Costs
Most standard product liability policies do not cover the cost of recalling defective products. Businesses must purchase separate product recall insurance to cover expenses related to pulling defective products from the market, replacing them, or notifying customers.

Known Defects
If a company is aware of a defect but continues selling the product, any damages caused by the defect may not be covered. Insurance is designed for unforeseen issues, not negligence in addressing known safety concerns.

Professional Services
If harm results from faulty advice, design, or services rather than a physical product, it may not be covered under product liability insurance. Instead, businesses may need professional liability (errors and omissions) insurance.

Damage to the Insured’s Own Product
Insurance policies generally cover damages the product causes to third parties, but not the cost of repairing or replacing the defective product itself. Businesses must cover their own manufacturing defects.

Environmental or Pollution Damage
If a product causes environmental contamination, such as chemical spills or toxic waste leaks, standard product liability insurance may exclude coverage. Specialized environmental liability insurance may be required.

War, Terrorism, and Cyber Risks
Many policies exclude damages related to acts of war, terrorism, or cyber-related losses. If a product is compromised due to a cyberattack, standard product liability coverage might not apply.

Understanding exclusions in Product Liability Insurance ensures businesses are prepared for potential risks and can take proactive steps to mitigate financial losses. Carefully review policy terms to understand coverage gaps. Also consider additional insurance policies for product recall costs, environmental liability, or professional liability. Lastly, maintain strict quality control to prevent product defects. If you have questions about Product Liability Insurance or any other Business Insurance policy, please feel free to contact me.

Jason Matison
Commercial Insurance Agent
Austin, Texas

Employee morale is one of the most crucial factors influencing productivity, retention, and overall workplace satisfaction. One often-overlooked way to boost morale is through Worker Compensation Insurance. While primarily designed to provide financial protection in case of workplace injuries, Workers Compensation coverage also plays a vital role in fostering a positive work environment. Here are 6 ways Workers Compensation can boost employee morale: 

1. Creates a Sense of Security 
When employees know that they are covered in case of an accident or illness related to their job, they feel more secure in their work environment. This peace of mind allows them to focus on their tasks without the stress of potential financial burdens from unexpected injuries.

2. Demonstrates Employer Care and Commitment
Offering comprehensive Workers Compensation coverage shows that an employer values their workforce. Employees who feel cared for by their employer are more likely to stay engaged, motivated, and loyal to the company.

3. Encourages Workplace Safety and Well-Being
A good Workers Compensation program often goes hand in hand with workplace safety initiatives. When employees see their employer prioritizing their health and well-being, it fosters a culture of trust and responsibility, boosting overall morale.

4. Reduces Financial Stress
A work-related injury can cause significant financial strain on employees and their families. Workers Compensation alleviates this stress by covering medical expenses and a portion of lost wages, allowing employees to recover without the added burden of financial insecurity.

5. Boosts Productivity and Engagement
Employees who feel protected and valued are more likely to be productive and engaged in their work. When workers know they won’t be left without support in case of an injury, they can perform their duties with greater confidence and enthusiasm.

6. Promotes Employee Retention
High turnover rates are costly for businesses, and one key factor in employee retention is job satisfaction. Workers Compensation insurance reassures employees that their employer is invested in their long-term well-being, reducing turnover and creating a more stable workforce.

Although Workers Compensation is not required in Texas now, it is an investment in employee well-being. By providing financial protection, reinforcing a culture of care, and reducing stress, workers’ compensation insurance can significantly enhance morale, leading to a happier, more productive workforce. Businesses that prioritize employee security and well-being ultimately create a more loyal and engaged team, ensuring long-term success. If you have any questions about a Workers Compensation policy or any other Business Insurance policy, please feel free to contact me.

Jason Matison
Commercial Insurance Agent
Austin, Texas