SQL Server error handling pattern

I am not an expert on SQl Server. Is this a valid pattern for handling errors in a batch of SELECT, INSERT...in SQl SERVER ? (I use v.2008)

BEGIN TRANSACTION
    BEGIN TRY
       -- statement 1
       -- statement 2
       -- statement 3
       COMMIT TRANSACTION
    END TRY

    BEGIN CATCH
       ROLLBACK TRANSACTION
    END CATCH

Thanks