Posted by John Coyle on Thu, Apr 08, 2010
Summer is just around the corner!
Those kids are getting ready to get out of school and have made "vivid" plans on how they intend to spend those three precious months...we call summer. If you are like my mom or dad, you are probably preparing the house for the grandkids to come hang out some with grandma and grandpa. Well what we have prepared is a short simple 13 step checklist to make sure your home is safe for all this spring and summer. Hope you enjoy your time this year with your family and here's to a SAFE and HAPPY time with "our families."
Spring maintenance tips....
- 1. Inspect your smoke detectors. Make sure that there is one on each floor of your home. Test them and change the battery every three months or as needed. If you need to order smoke detectors or batteries here are are a couple of great online sources...
Click here ... http://bit.ly/SmokeDetectors
- 2. Check the light bulbs in all your fixtures to be sure that they are the correct wattage as recommended by the manufacturer.
- 3. Replace all high-intensity bulbs (such as halogen) with fluorescent bulbs that don't produce as much heat.
- 4. Check your electrical outlets for potential fire hazards such as frayed wires or loose fitting plugs. Be sure not to overload electrical outlets, fuse boxes, extension cords or any other power service. Always consult a electrician if you discover any serious problems.
- 5. Keep a multi-purpose fire extinguisher accessible that is filled and ready for operation. For those of you that are like me and sometimes need a little help in what type of fire extinguisher to buy, here is a GREAT website that has "FIRE EXTINGUISHER 101" Tips... http://bit.ly/FireExtinguisher
- 6. Have your air conditioning system inspected by a professional as recommended by the manufacturer.
- 7. Check for damage to your roof and clean gutters and downspouts to keep debris from accumulating.
- 8. Check your water heater for leaks and corrosion.
- 9. Clean and/or replace your furnace filter.
- 10. Clean the clothes dryer exhaust duct and space under the dryer. Remove all lint, dust, and pieces of material and cloth.
- 11. In your yard, remove all dead trees and keep healthy trees and bushes trimmed and away from utility wires and roof.
- 12. Safely store oil and gas for lawn equipment and tools in a vented, locked area.
- 13.Repair driveway and walkways that are cracked, broken or uneven to provide a level walking surface.
At Tri-Star Insurance Professionals, Inc., we take a personal interest in our customers. We like to share information that helps you protect yourself and your family from financial loss. If you have any questions, regarding this information or your insurance coverage, please don't hesitate to give us a call phone: 214-387-0600 or e-mail me personally, John Coyle at jcoyle@tristarins.com
Posted by John Coyle on Fri, Apr 17, 2009
Umbrella insurance is not just something you need on a rainy day, but it’s also not usually something you think about when the summer sun is shining and the pool is glistening with cool, refreshing water. Pool party. Now that’s what you’re thinking. What better way to enjoy the Texas heat than with a rockin’ pool party full of barbecuing, swimming and children playing? That’s all fine and good, but another less fun aspect to planning the ultimate pool party is thinking about safety. No matter how nice, a pool or outdoor area is an accident waiting to happen. Pool-related injuries such as slipping or even drowning are more common than you think. Making sure your pool party is safe for all your guests is essential, but you cannot be everywhere at once. You need protection, but don’t count on Spider-Man.
You need an umbrella, but not one with polka dots. Tri-Star Insurance located in North Plano and servicing the McKinney, Frisco, North Dallas, Allen and surrounding areas, can equip you with an umbrella insurance policy that will keep you covered wherever you go. Umbrella insurance, or personal liability insurance, is a form of supplemental insurance that covers you in the event of an accident, which can result in untold damages or even a lawsuit.
For example, say you fall asleep at the wheel, or have a party where a guest gets hurt on your property. You as the homeowner will be liable for any damages. Your home or auto policy offers some liability, but it may not be enough. In the case that your other insurance policies’ liability limits have been exhausted, umbrella insurance takes over. If you don’t have any, then you may end up surrendering your personal assets to pay out a lawsuit. In some cases even wage garnishment is put into effect. Sounds scary, right? It’s not something to take lightly, especially if you are planning to have guests over for a summer pool party.
The agents at Tri-Star can get you a personal liability insurance policy tailored to fit your needs and your budget. As an independent insurance agency, Tri-Star Insurance is able to find the most competitive rates available by representing companies such as Travelers, Kemper, Hartford, Safeco and Germania. The difference between an independent agency and a captive agency such as Allstate or State Farm is that agents from a captive insurance agency can only offer consumers the rates of the companies where they are employed.
Safeguard yourself from potential pool mishaps by:
- Setting up a fence or barrier around the pool
- Never leave children under 15 unsupervised
- Do not let anyone swim alone
- Keep floatation devices in and around the pool
Keep your party safe and hoppin’ with umbrella insurance from Tri-Star Insurance. For more information about personal liability insurance contact John Coyle of Tri-Star Insurance Professionals, Inc. at 214-387-0600 or jcoyle@tristarins.com
Posted by John Coyle on Tue, Apr 07, 2009
Forget checking and rechecking expensive quotes for motorcycle and scooter insurance in Texas and go with an agency that can compare prices for you such as Tri-Star Insurance Professionals, Inc. As members of the Independent Insurance Agents of Texas organization, Tri-Star Insurance has the ability to represent fellow independent agencies when searching for an insurance policy rate. With Tri-Star, competitive rates are the name of the game. With your personal needs in mind, agents won’t rest until they find a competitive motorcycle or scooter insurance rate that fits your budget and lifestyle.
Insuring your motorcycle or scooter is not only extremely important, but also mandatory under the Road Traffic Act (1988) in the state of Texas. Without adequate coverage, you risk not only injury but also a fine if pulled over by the authorities. If you get into an accident where you are at fault without proper motorcycle or scooter insurance, you will be liable for any bodily injury or property damage that occurs. There are several reasons why motorcycle or scooter insurance is essential, but the bottom line is that you have to have it at all times when riding. So why not get it from an agency that will help you save money without sacrificing coverage?
Here are three important components of motorcycle or scooter insurance coverage to consider when purchasing coverage: (other coverages are available)
Liability – Though not a pleasant thought, motorcycle accidents happen more than any other vehicle accident. Having adequate insurance offers great security because liability insurance coverage for your motorcycle or scooter covers property damage and injury to others in the event of an accident. Coverage may even include, depending on the laws in your state and the company issuing the policy, guest passenger liability that provides protection for passengers riding with you.
Collision – Unlike liability insurance for your motorcycle or scooter, collision insurance covers damage to the vehicle itself. If an accident occurs, the insurance covers the cost of repairs up to the book value of the vehicle before the accident.
Comprehensive – Collisions aren’t the only reason your motorcycle or scooter may end up no better than a hunk of junk. Fire, theft or vandalism of your two-wheel vehicle is just as likely as an accident. As with collision coverage, insurance covers the cost of damages up to the book value of the vehicle. After market accessories such as chrome parts, custom paint and sidecars are not covered with a standard policy.
For more information contact John Coyle at jcoyle@tristarins.com or call 214-387-0600.
Posted by John Coyle on Thu, Mar 12, 2009
As the cost of living is on the rise, people are actively looking for ways to save money. Many people start by lessening their daily consumption of delicious, though non-essential, coffee drinks from high-end beverage shops such as Starbucks or Seattle’s Best. Belt-tightening tips such as dining out less, staying in on weekends and taking the local DART transit system to work are all viable ways to save a few bucks each month. Some people even go as far as drawing up a budget in order to keep tabs on where their money goes.
Tri Star Insurance Professionals, Inc., which services North Texas and the surrounding areas of McKinney, Allen, Plano and Frisco, knows the value of every dollar and will gladly help you find an insurance policy that will keep you in the green. Insurance studies show that more than 70 percent of homeowners bundle their home and auto insurance policies under one provider. Tri Star Insurance can be your one source for all insurance as they offer a range of bundle packages.
The advantage that Tri Star has over big name insurance companies such as State Farm and Farmers is their status as an independent insurance agency. As a member of the Independent Insurance Agents of Texas organization, Tri Star has the ability to represent many other independent companies such as Travelers, Hartford and Germania to find the most competitive price.
Even in an atmosphere saturated with money saving tips frequently shown on radio and television, some people still do things in the name of saving that may cost them in the long run. The biggest money saving mistake that people make is lowering the coverage limit on their insurance policy in order to pay a lower premium. By taking this drastic step you will end up paying less for your policy, but you run the risk of paying outrageous out-of-pocket expenses if you do not have ample coverage. If your scheme of saving money by changing your insurance coverage now sounds less appealing, all is not lost. By bundling your insurance coverages in Texas under one provider, you will not only save money, but time as well.
In addition to personal insurance savings, bundling your insurance policy is a smart move from a business standpoint because commercial insurance is essential for your company. Productivity counts a lot in the business world, so why spend precious time calling four different insurance carriers for each business insurance policy you hold? Tri Star carries a full line of commercial insurance policies that will keep you covered such as auto, general liability, property and worker’s compensation.
Just like combining phone, Internet and cable services into one-package saves you a bundle, purchasing your insurance from one provider can too. Tri Star carries a wide selection of both personal and commercial insurance policies. To learn more about how bundling your insurance in Texas saves you money, pick up the phone and call 214-387-0600 to speak to John Coyle or Roger Harkins at Tri Star Insurance Professionals, Inc. For more information about Tri Star’s products and services visit www.tristarins.com today.
Posted by Roger Harkins on Thu, Feb 19, 2009
As an employer, maintaining a safe workplace should be a top priority. That being said it is essential, even mandatory in some states, for your business to carry workers’ compensation insurance. You may be asking yourself if purchasing workers’ compensation insurance in Texas is really necessary if the employee already carries medical insurance. The short answer is yes.
The knowledgeable agents at Tri Star Insurance Professionals Inc. in Dallas, Plano and Allen can tell you exactly why worker’s compensation insurance is a must when it comes to protecting your business from lawsuits. The purpose of workers’ comp insurance is that employees give up the right to sue you in the event of a workplace accident in exchange for receiving state-mandated benefits. A comprehensive policy usually includes medical benefits for work related injury or disease in addition to disability income and death and rehabilitation benefits for workers.
Even though in the state of Texas procuring worker’s comp insurance for your business is voluntary, taking out a policy may be well worth the expense. Tri Star professionals can help you locate low-cost workers’ compensation insurance because of their status as an independent insurance agency. The difference between an independent agency such as Tri Star and a captive agency such as Allstate is that agents from a captive agency can only represent the company they work for in terms of price. Captive agents can only provide you with the rates offered by their company with absolutely no exceptions. Independent agencies such as Tri-Star have the ability to represent many different companies such as Travelers, Kemper, Hartford, Safeco and Germania in order to find you the most competitive price on insurance products.
There are many guidelines employers can go by when deciding to get workers’ comp insurance. According to the Worker’s Compensation Act, businesses with five or more employees should really have worker’s compensation coverage. The word employee is defined as any full-time, part-time temporary or seasonal worker. Exempt employers include farm laborers, domestic servants, direct sellers, commercial motor-carrier owner-operators and certain real estate agents. Even if you are not legally required to purchase insurance, you can always elect to sign up to avoid exposure to civil lawsuits brought about by employee injuries.
That being said, the Occupational Safety and Health Administration (OSHA) requires that workers have access to first aid, fair workers compensation and return work rehabilitation at all times. To learn more rules and regulations the Texas Department of Insurance provides a wealth of information regarding worker’s compensation insurance plus lots about workplace safety assistance and more.
Tri-Star offers an extensive array of products including auto, home, renters, flood, condo, health insurance, life insurance and all areas of business insurance including workers compensation. The team at Tri-Star Insurance can thoroughly assist companies looking to obtain workers compensation insurance for their business. To speak directly to an agent pick up the phone and call 214-387-0600 or go online and visit http://www.tristarins.com/default.asp. Make sure to protect yourself and your workers from financial hardship in the event of a workplace injury today!
Posted by John Coyle on Mon, Dec 08, 2008
On a laundry list of expenses for starting a new business, insurance can be one of the most costly items if you don’t know what kind of coverage you need. Tri-Star Insurance Professionals, Inc. in North Dallas, Plano and Frisco gives the right advice and personal service for all of the types of insurance that may be needed for a new business, including a certificate of insurance (COI). A COI is just a document used to verify that a business is insured. As an independent agency, Tri-Star can get you the best available insurance rates for your new business.
If you’re thinking about starting a new business, researching insurance options beforehand is a smart move so that you get covered and get going. Always plan ahead for the unknown and make sure you are adequately covered for any bumps along the way that you may encounter. For every business, a certificate of insurance showing adequate commercial insurance must be shown prior to signing a lease for your new business, and/or before working with certain vendors. Commercial insurance is available in the following areas:
Property
This type of commercial insurance covers an insured party who has suffered a financial loss due to the destruction of a business property by fire, explosion, storm, riot, vandalism, sinkhole collapse and more. Any item that has cash value and is considered real or personal property is covered. Real property covers land and buildings, while personal property covers objects and belongings.
Liability
A commercial liability insurance policy provides protection in the event that a third party suffers bodily or property damage when you are legally responsible. Common risks such as customer injuries and accidents are covered as well as advertising injury and damages arising out of products sold by the insured. In addition to covering medical expenses, commercial liability provides supplemental payments for court costs and attorney fees in the event of a lawsuit. Even if you have a personal umbrella policy, business-related liability is usually excluded.
Auto
If your business uses company cars, trucks, vans or trailers to get around then you will need to be covered in an accident or if the vehicle is stolen. This form of coverage differs from a standard auto insurance policy because the name of the business appears on the policy versus your own name. There are also several technical differences between the two kinds of policies. However, the same kind of coverage applies such as liability, comprehensive and collision, medical and uninsured motorist.
As your business is your lifeblood you need to make sure you do not suffer financial ruin in the event of a disaster. Tri-Star can help you rest easy knowing that you and your business are safe. For more information about commercial insurance contact John Coyle at Tri-Star Insurance Professionals, Inc. at 214-387-0600 or visit them online at www.tristarins.com. Protect your venture today with quality business insurance!
Related Links
Texas Department of Insurance
Intenal Revenue Service - Business Checklist
United States Small Business Administration
Posted by Roger Harkins on Mon, Aug 11, 2008
If you are worried about choosing an insurance agency that will provide you with decent coverage, without cleaning out your wallet, you are not alone. With such a vast and confusing amount of policies on the market offered by a diversity of carriers, it can be frustrating to find one that suites your specific needs. Tri-Star Insurance Professionals, Inc., which serves the Plano, Frisco, and North Dallas area, take the frustration out of selecting the perfect policy because of their status as an independent agency. An independent insurance agency differs from a traditional captive agency in that they are rate-driven, which means they have the ability to represent several of the top insurance companies to provide you with numerous choices for all your insurance needs. Their agents will do all the work by scouting out low-cost insurance plans to ensure that you receive quality coverage at a fair price.
Tri-Star Insurance was recently spotlighted by KLIF Talk Radio 570 for being an outstanding local business. Here is the transcript from August 2008 with John Criswell, which was aired during the Bill O’Reilly Show.
“THIS IS JOHN CRISWELL FOR THE TEXAS BUSINESS UPDATE. TODAY WE ARE FEATURING ONE OF DALLAS FORT WORTH’S MOST RESPECTED FULL SERVICE INSURANCE AGENCIES, TRISTAR INSURANCE PROFESSIONALS, INC.
I SPOKE WITH MANAGEMENT AND DISCOVERED THE AGENCY SERVES BOTH THE COMMERCIAL BUSINESS AND PERSONAL INSURANCE SECTORS, OFFERING A WIDE RANGE OF INSURANCE PRODUCTS.
THE AGENCY IS LOCALLY OWNED BY ROGER HARKINS A 20 YEAR INSURANCE VETERAN AND DALLAS NATIVE. THE PERSONAL INSURANCE DIVISION OFFERS AUTO, HOME, CONDO, RENTERS, FLOOD, INDIVIDUAL HEALTH AND LIFE INSURANCE PRODUCTS THROUGH MANY OF THE LEADING TRUSTED CHOICE INSURANCE COMPANIES.
TRISTAR’S COMMERCIAL DIVISION IS HEADED BY JOHN COYLE A 20 YEAR INSURANCE VETERAN AND DALLAS NATIVE. THE COMMERCIAL DIVISION OFFERS BUSINESS GENERAL AND PROFESSIONAL LIABILITY INSURANCE, PROPERTY INSURANCE AND WORKERS COMP. THEY HAVE SOLUTIONS FOR YOUR DIRECTORS AND OFFICERS INSURANCE NEEDS FOR BOTH PRIVATE AND PUBLIC COMPANIES. THEY ARE PARTNERED WITH THE LEADING HEALTH INSURANCE COMPANIES AND OFFER ALL YOUR GROUP HEALTH AND LIFE INSURANCE PLANS. TRISTAR ALSO OFFERS GROUP RETIREMENT PLANS.
TRISTAR IS PROUD THAT THEY ARE LOCALLY OPERATED AND HAVE OVER 60 YEARS OF COMBINED EXPERIENCE.
TRISTAR COMMITS TO THE FOLLOWING PRINCIPLES: COMPETITIVE PRICING, A CHOICE OF TRUSTED COMPANIES AND LOCAL PERSONALIZED SERVICE. THEY HAVE 24 HOUR CLAIM SUPPORT AND SERVE AS AN ADVOCATE IN ALL CLAIM DISPUTES. TRISTAR WORKS FOR YOU NOT THE INSURANCE COMPANY.
TRISTAR IS CONVENIENTLY LOCATED IN PLANO TEXAS AT PRESTON AND HEDGCOXE. THEIR WEB ADDRESS IS WWW.TRISTARINS.COM WHERE YOU CAN APPLY FOR FREE QUOTES USING THEIR SECURED SYSTEM OR YOU CAN CALL THEM AT 214-387-0600 THAT’S 214-387-0600. THIS IS JOHN CRISWELL THANKS FOR LISTENING TO THE TEXAS BUSINESS UPDATE RIGHT HERE ON KLIF.”
If you are looking for low-cost insurance that is tailored specifically to your needs, let a consumer-focused agency such as Tri-Star Insurance find you the best plan for the best price. Call agent John Coyle or one of the many knowledgeable associates today at 1-800-880-4600 or visit them online at www.tristarinsurancepros.com.
Related Links
Texas Department of Insurance
Insurance Journal
Insurance Information Institute
Posted by John Coyle on Fri, May 30, 2008
Did you know that your homeowner’s insurance policy is unlikely to protect your home-based business? Tri-Star Insurance knows. It’s estimated that more than half of home-based business owners are underinsured and the Independent Insurance Agents of America say that nearly 40% of those they surveyed are uninsured primarily because they thought their homeowner’s policy covered their business. Insurance can be expensive, but not having insurance is an unacceptable position for your home-based business. TriStar Insurance understands how to protect your valuable business assets as well as all your insurance needs.
There are two types of insurance that your home business must have: First, liability coverage if you provide services directly to clients or your business will have visitors at your home, including delivery people; and second, protection for your business assets.
Liability coverage protects your business if it is sued for something done (or not done) that causes injury or damage during the performance of your duties or the operation of your business. A General Liability package policy protects your business in the event that a client is injured on your premises or if you or one of your employees injures someone or damages property at another location. Liability insurance may be purchased separately or as part of a small business insurance package.
If you are providing professional services to clients as part of your home business e.g., counseling or tax work, you should continue to maintain Professional Liability Insurance in addition to your General Liability Insurance. Finally, if you have not incorporated your business as a separate entity from yourself, you may want to consider Excess Liability Insurance which has a higher payout than a General Liability Policy.
Property insurance protects the tangible assets of your business from theft or damage. Typically homeowner’s policies provide only limited coverage for business property, such as inventory, office equipment, and computers. Therefore, you will need a separate policy or an insurance rider to cover your business property.
Vehicle insurance typically covers both liability and property coverage. However, you may need to amend your current automobile insurance coverage to reflect a change in mileage and liability that results from your home-based business.
Other insurance considerations:
Workers’ Compensation insurance: If your home-based business has full time or part time helpers who are considered employees, you may need to have workers’ compensation insurance. This insurance covers medical expenses of your employees in the event of work-related accidents. Workers’ compensation coverage also provides benefits for wage loss resulting from temporary or permanent disability caused by a work related injury.
Don’t forget Health Insurance. Although there is no requirement that your home-based business offer its employees health insurance, it is a benefit that everyone appreciates.
Getting the right insurance to protect you and your home-based business is complicated and there are many choices of single and packaged insurance available. The insurance professionals at TriStar Insurance are there to help you make the right decisions to protect your home-based business. TriStar Insurance has offices in Plano, North Dallas, and Frisco, Texas – give them a call. You will breathe easier knowing that TriStar Insurance is there for you.
Related Links
Insurance Agents & Brokers of America
Liability Attorney
My Own Business
Posted by John Coyle on Mon, Apr 07, 2008
Now that the perfect riding weather has arrived, it’s time to get your motorcycle out on the highway and enjoy the natural rugged landscape of Texas and the surrounding areas. You may be wondering if you should insure your motorcycle and if so, what kind of insurance you should consider. Also, there may be some doubt as to whether or not motorcycle insurance is even required in the state of Texas. You need someone you can trust to help you to make an informed decision, and Tri-Star Insurance in Plano is here to show you your Texas motorcycle insurance options. Enjoy the freedom of the road, knowing that you’re covered!
At Tri-Star Insurance, we believe that insuring your motorcycle is extremely important in that it’s not only the peace of mind you need should anything happen to your bike, but it’s a good investment to protect your assets in the event of a major occurrence.
Texas motorcyclists must have insurance to operate their bikes on public roads and highways. Without it, they not only risk being ticketed, but will be liable for any bodily injury or property damage if an accident occurs when they are at fault.
Let’s take a further look at two popular types of insurance for motorcycles.
COLLISION:
Collision insurance covers damage to your motorcycle in the unfortunate event of an accident. When you purchase collision insurance, your insurance company pays for damages, minus your deductible if you should ever collide with another vehicle or object. Collision insurance usually covers the book value of the motorcycle before the loss occurred.
LIABILITY:
It’s not something we like to discuss, but an even more ominous thought than damaging your bike is incurring or causing damage to someone else, and risking your assets against a lawsuit. Having motorcycle liability insurance is the security you need when it comes to coverage of bodily injury and property damage when you are at fault. As opposed to collision insurance, it doesn't cover you or your motorcycle. An important consideration is whether or not your motorcycle insurance plan will include guest passenger liability, which provides protection in the event that a passenger is injured on the cycle.
- Next, we’ve put together some valuable tips for bikers from motorcycle expert Kenneth Cheek:
- Keep Your Bike Secure: What can you do to keep your bike more secure? If you can garage your bike, alarm it, or secure it somehow while it is parked, you may be able to secure yourself some discounts on your insurance.
- Find a Plan That Is Right For You: Remember, if something happens to your motorcycle, you will only receive the market value so over insuring will not help you get a higher price for your bike.
- Tracking Your Mileage Saves Money: If you only ride your bike once in a while during the summer for pleasure, you should be able to get a better rate if you can keep your mileage low. Also, if you do not carry passengers, this can lower your rate as well.
- Special Motorcycle Training: Taking special DMV or other motorcycle classes can help decrease your rate. Just make sure you keep your certification documents handy in your records.
- Provide Honest Information: Falsifying information is not only unethical, but it may lead to your coverage being dropped or a claim not being processed. Be sure to stay above board when providing information about yourself and your bike!
Remember, don’t just depend on the cyclist or salesperson who sold you the motorcycle to give you the most accurate and up to date information about an insurance plan. Call today for a free quote from Tri-Star Insurance. We are standing on ready to provide friendly service, great quotes, and set you off on the highway ready to ride!
Related Links
Texas Department of Public Safety
Ride My Own
Harley Davidson
Posted by John Coyle on Sat, Feb 16, 2008
To be certain that your small business will be protected from potential losses due to accidents, illnesses and injuries, acts of nature or crime and potential legal liability, you need a commercial insurance agency that offers complete coverage for your small business. In the North Dallas, Plano and Frisco areas, that agency is Tri-Star Insurance Professionals, Inc. John Coyle, of Tri-Star Insurance, has been in the insurance business for nearly 20 years and specializes in businesses that operate in North Dallas, Plano and Frisco, TX. Contact Tri-Star Insurance Professionals today at 214-427-7231 or call toll-free at 1-800-880-4600. They will work with you to make sure your commercial insurance needs are handled professionally and with the utmost in customer service.
If you are an entrepreneur starting your own small business in the North Dallas, Plano and Frisco TX areas, your small business needs commercial insurance coverage in these four areas:
Commercial Liability Insurance: While you plan for and expect to provide your customers with a great product or service and excellent TLC, the harsh reality is that problems happen and you need to be protected in the event that your small business gets sued. A general liability policy can protect your company’s assets from being lost to a lawsuit.
General liability insurance will help you cover the costs associated with any lawsuit. Typical coverage includes things like your attorney’s fees, court costs and other expenses involved in the investigation and defense of your suit. It will also cover any judgment or settlement that may be assessed against your small business.
Commercial Property Insurance: Commercial property insurance is another type of commercial insurance you need to protect your business from losses due to things like fire, theft and vandalism. No one likes to think about losses like this and with the right commercial property insurance, you won’t have to. This type of small business insurance will pay for the costs of repair or replacement of items that are damaged or lost due to unforeseen circumstances like theft, vandalism or fire. Some policies will also pay to repair or replace equipment that breaks down. If your losses cause you to suspend operation of your small business, many policies will reimburse you for your loss of income for a pre-determined amount of time. This can be life saving to your business. Why risk losing everything do to situations that are out of your control, when commercial property insurance is available to protect you?
Worker’s Comp Insurance: Worker’s comp insurance is required by law in most states and is a critical insurance need for your small business. Whether or not you carry small business health insurance, you do need to provide worker’s comp coverage. This type of insurance covers the medical costs associated with an employee accident or illness that is the result of the workplace and job. By accepting worker’s comp insurance, the employee is agreeing not to sue the company for any losses due to the illness or injury and the employer agrees to provide state-mandated benefits.
Commercial Auto Insurance: If you own or rent any vehicles for business use, you need to consider your options for commercial vehicle insurance. As with personal auto insurance, types of coverage vary widely and can cover damage to your vehicles or someone else’s vehicles involved in an accident. Commercial auto insurance can also cover medical expenses resulting from an accident. You'll want to consider a comprehensive policy to cover losses incurred from fire, lightning, theft, hail, flood and vandalism as well.
Related Links
Entrepreneur
Frisco Chamber of Commerce
Business Week
Workers Compensation