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Government agencies are responsible for providing a variety of services and programs to the public. Due to the nature of their work, these agencies face unique risks that require specific types of insurance coverage. Here are some of the coverages that government agencies should consider:
1. General Liability Insurance: This insurance coverage provides protection against claims of bodily injury or property damage caused by the actions of your agency. It covers legal fees, medical expenses, and damages that arise from third-party claims. For example, if a person slips and falls in your agency’s building, general liability insurance can cover their medical expenses and any legal fees associated with a lawsuit.
2. Professional Liability Insurance: Also known as errors and omissions insurance, this coverage provides protection against claims of professional negligence or errors that result in financial losses for third parties. For example, if a government agency provides inaccurate information that results in financial losses for a business owner, professional liability insurance can help cover the costs of a lawsuit.
3. Workers’ Compensation Insurance: This insurance coverage is required by law in most states and provides protection for employees who are injured or become ill due to their work. It covers medical expenses and lost wages for employees who suffer work-related injuries or illnesses. For example, if an employee is injured while working for a government agency, workers’ compensation insurance can help cover their medical expenses and lost wages.
4. Property Insurance: This coverage protects the physical assets of a government agency, including buildings, vehicles, and equipment. It provides coverage for damages caused by covered perils such as fire, theft, or vandalism. For example, if a government building is damaged by a fire, property insurance can help cover the cost of repairs or replacement of damaged property.
5. Cyber Liability Insurance: This insurance coverage provides protection against cyber threats such as hacking, data breaches, and identity theft. It covers costs associated with notifying affected parties, restoring compromised data, and defending against legal claims. For example, if a government agency experiences a data breach that exposes sensitive information, cyber liability insurance can help cover the costs of notifying affected parties and defending against any legal claims.
6. Employment Practices Liability Insurance: This insurance coverage provides protection against claims of discrimination, harassment, wrongful termination, and other employment-related issues. It covers legal fees and damages associated with lawsuits brought by current or former employees. For example, if a government agency is sued for wrongful termination, employment practices liability insurance can help cover the costs of defending against the claim.
In Texas, these and other insurance coverages are available for government agencies through various insurance providers. It’s important to work with an experienced insurance agent who can help identify the specific risks faced by your agency and recommend appropriate coverage options.