Does Texas require businesses to carry insurance?
Texas General Liability Insurance
State law requires people who drive in Texas to pay for accidents they cause. Most people do this with liability insurance. A liability policy pays to repair or replace the other driver's car and pays other people's medical expenses if you're at fault in an accident.
Texas law requires drivers to show proof they can pay for the accidents they cause. Most drivers do this by buying auto liability insurance. Liability insurance pays to repair or replace the other driver's car, or other damaged property, and pays other people's medical expenses when you're at fault in an accident.
Do employers have to offer health insurance in Texas? Small employers don't have to offer health insurance. But employers that decide to provide it must make it equally available to all employees working 30 hours or more per week (not on a temporary or seasonal basis) and their dependents.
The Affordable Care Act's employer mandate only applies to organizations with 50 or more full-time equivalent employees (FTEs). Organizations with fewer than 50 employees don't need to offer health insurance, though there are many benefits to doing so.
Commercial General Liability insurance is not mandatory in Texas, but it protects business owners against claims of liability for bodily injury, property damage, and personal and advertising injury (slander).
You're required to carry car insurance while driving in Texas. If you don't have auto insurance, you could get a fine of up to $1,000, your vehicle impounded for up to 180 days and your driving privileges suspended for up to two years.
Coverage | Minimum Coverage Required |
---|---|
Bodily Injury Liability Coverage | $30,000 per person, $60,000 per accident |
Property Damage Liability Coverage | $25,000 per accident |
Texas is not a no-fault state.
Texas is one of 38 at-fault states, meaning that the party that is found to be at fault for the accident will be responsible for compensating the injured party for the amount he or she is responsible for.
Getting your Texas insurance license will allow you to work for an insurance company or as an independent broker. In Texas, you must be licensed in order to sell insurance policies or even discuss insurance matters with customers. This requirement helps protect consumers.
Do I need insurance if I don't have employees?
A small business owner with no employees is typically exempt from workers' comp insurance in all states. While choosing to avoid workers' compensation might save you money in the short run, it can get pretty pricey if you end up with a work-related injury or illness and find yourself out of work for a while.
In Texas, the employer/employee relationship is governed by the at-will employment doctrine meaning either party may terminate the relationship at any time, with or without cause, and with or without notice.
A full-time employee is one who regularly works at least 30 hours per week and that schedule is comparable to other employees of that company and/or other employees in the same business or vicinity who are considered full-time.
Liability coverage – which is all that's legally required in Texas – pays costs such as medical bills and funeral expenses, as well as lost wages in case of a serious injury and pain and suffering compensation.
Employee benefits such as health care, retirement plans, paid time off, and meal or rest breaks are not required under Texas or federal law; it is generally possible to have different sets of benefits available for different categories of employees (such as one set of benefits for hourly workers and another set for ...
(f) On behalf of participating employees, qualifying small employers must contribute at least 50 percent of the premium charge for each employee for the qualifying group health benefit plan, except as provided in this division and Division 4 of this subchapter (relating to Participation by Regional and Local health ...
FAQs Texas does not require any company to offer health insurance benefits, although the Affordable Care Act (ACA) does. But not all companies are under the health care mandate. If your company has 1 to 50 full-time employees, you do not have to provide them with health insurance.
Does Texas require you to have health insurance? Texas residents are not required to have health insurance under state law, and the Affordable Care Act does not mandate a health insurance requirement on a federal level.
According to Start a Business in Texas, the State of Texas does not require a general "business" license; however, there are a number of regulatory agencies that have licensing and permitting requirements based on the type of service, or products associated with your business.
A ticket for driving without insurance can cost up to $350 for first-time offenders. Subsequent infractions can be fined up to $1,000.
What happens if you don't have health insurance in Texas?
If you do not have health insurance, you can contact your local community health center for assistance. These centers provide high quality, low-cost health care on a sliding fee scale to individuals and their families regardless of age, health, insurance, or immigration status.
States that don't require car insurance
New Hampshire is the only state that doesn't mandate car insurance. However, drivers who choose not to buy car insurance must prove they have sufficient funds to meet the state's financial responsibility requirements (PDF) in the event they cause an accident.
Texas business insurance requirements
Business insurance isn't required by law in Texas. That said, there is at least one exception: Businesses that have a contract with a government entity must provide workers' compensation for each employee until the contracted project is complete.
Yes, car insurance is required in Texas. Texas law mandates that drivers must follow liability insurance requirements.
Is car insurance required in Texas? Texas requires drivers to carry 30/60/25 coverage. This means all drivers must have at least $30000 in bodily injury coverage per person, $60000 in bodily injury coverage per accident, and $25000 in property damage coverage.