Texas Business Insurance

Business Insurance

According to the latest surveys by major insurers, small to medium sized businesses have a number of critical gaps in their insurance coverage. The reasons for gaps vary; not fully understanding how certain coverage    applies to their business, buying insurance from a captive agent who can’t provide the coverage, thinking their commercial coverage provides the coverage, and finally believing they don’t have the risk.

Business Insurance For Your Organization 

Here are the coverage’s you should consider to make sure you are adequately protected.

Pollution Liability- Protects against the liability that comes with polluting the       environment including restoration and cleanup, liability for injuries and deaths caused by pollution.

Cyber Liability- Cyber liability is the risk posed by conducting business over the Internet, over other networks or using electronic storage technology. It covers third party losses from hackers, theft, and loss of information including sensitive client or individual personal information.

Directors & Officers Liability– Covers costs, damages, and defense protection to directors and officers of a company resulting from law suits and judgments arising out of poor management decisions, employee dismissals, shareholder grievances, and other such acts committed in good faith.

Employment Liability– Employment Liability provides protection for an employer against claims made by employees, former employees, or potential employees. It can cover      discrimination (age, sex, race, disability, etc.), wrongful termination of employment, sexual harassment, and other employment-related allegations.

Professional Liability– Insurance that is designed to cover third party claims, damages and claims arising out of providing professional advice.  Many firms create legal obligations arising out of a professional’s errors, negligent acts, or omissions during the course of providing services to clients.

We are ready to help you better understand your risks. Please call our office today.

 

 

Is Our Sharing Economy Creating New Risks For You?

Cars Traffic

Uber, Airbnb and VRBO may increase your personal liability risk

We live in a digital world that now allows us to share everything from our car, bike, boat, apartment and even our home with total strangers. Smart phones, and the applications that can be added, offer many useful tools, but some of these things create new and increased liability for you. Before you decide to jump into the sharing economy consider the following:

Do these sharing sites have the ability to protect your confidential information? Many times you are giving your credit card information to companies that may not have the ability to protect it.

If you use Airbnb to sublease your apartment, you might check your lease. Many lease agreements have “no sublease” clauses that do not allow for this kind of activity. Also, some big cities are now actually considering outlawing the Airbnb services as it reduces hotel/motel taxes.

Uber offers a taxi service where individuals can offer rides to those who subscribe. Are you confident that these individuals have had proper background checks? Are they experienced drivers?  Do they have the correct insurance? Remember, even in states that have mandatory auto insurance laws, over 25% of drivers don’t have insurance.

Personal auto insurance issues should be considered if using your car for hire. There is a big difference in the auto insurance world between a car pool for work and being paid to deliver people.

If you rent your primary home to others, it may limit your personal insurance coverage. Call out office for a review.

The use of the new sharing economy will most likely continue and may be a good way to save money. However, if you have an uninsured claim, the cost may be much greater than the savings. Be aware that using these services may increase your risk of loss. The insurance industry will respond over time to the sharing economy, but in the meantime, there are limitations and restrictions in your current homeowner’s and personal auto insurance policies of which you need to be aware.

We’re Georgetown Insurance Agency. You have a choice.

For more information on Auto Insurance click here.

With An Independent Agent You Get These Extra Benefits

hand shaking

The wind just blew the roof off your Texas home and water is rushing in. You did not plan on this happening, but we hope your first call is to our office. We understand that during stressful times you need a partner and friend, and we are here to help you through the claim process and get your life back to normal.

There are many perks that come with using an independent agent, and we thought we would share a few with you.

Added Perks With Using An Independent Agent

We give you options – We have dozens of markets to select from, and we search them all to bring the best possible combination of price, coverage and service.

Not all markets are equal – We understand that some markets give good discounts to teen drivers, or that others have great rates on ATV and motorcycles. We take the guessing out of purchasing personal insurance.

We are local – Our staff lives and works in your community. Our kids go to school with your kids. We know and understand your needs.

Our agents are trained, licensed professionals – We educate and train our agents on insurance issues in order to keep up on the latest trends and coverage.

We support local nonprofits and community groups – We don’t just live here, we invest our time, money and staff to make our community better.

Unbiased advice is what we give you – We are not employees of any insurance company, which allows us to recommend the best option for you.

How can Georgetown Insurance Agency best serve you? Call one of our friendly team members today at (512) 863-4388 or start a free insurance rate quote and let us demonstrate our dedication to delivering the highest quality insurance policies and best customer care.

We’re Georgetown Insurance Agency. You have a choice.