What commercial insurance covers

Having the right commercial insurance coverage is essential for any business. It helps protect your company from financial losses and provides peace of mind that your business is secure and safeguarded against potential risks. But what does commercial insurance cover?

At Alloy Insurance Partners, we explore some of the most common types of commercial insurance policies available in the Dallas, TX area and how they can help you protect your business. Read on to learn more about how commercial insurance can provide you with vital protection for your company!

Property damage insurance is essential for any business that owns the physical property, such as buildings, machinery, and office equipment. This type of policy covers losses due to natural disasters, theft, or vandalism. It can also help cover the cost of repairing or replacing damaged items if they are stolen, destroyed, or vandalized. It’s important to note that this coverage does not typically include flooding and other water-related damages, so you’ll need to purchase separate flood insurance if you’re in an area prone to floods.

Liability insurance is another type of commercial insurance policy that helps protect businesses from financial losses caused by an accident, injury, or harm done by someone related to your company’s operations. This includes third-party claims against your business for negligence, professional mistakes, or failure to uphold a contract. Liability insurance can also help cover defense costs if your business is taken to court.

Product liability insurance helps protect businesses from damages caused by products made, sold, and distributed by the company. This includes injuries or property damage related to the use of defective products.

For more information, give us at Alloy Insurance Partners a call today. We proudly serve the Dallas, TX area. 

Three Things to Know About Flood Insurance

With extreme (and sometimes unpredictable) weather becoming the norm daily, it’s crucial to be prepared for pretty much anything. Regardless of where you live – including Dallas, TX – flood protection is a must, as it’s among the most widespread natural disasters in the country.

But what should safety-savvy consumers know about flood insurance before taking out a policy? Before calling your Alloy Insurance Partners representative to discuss your options, here are some prime factors to keep in mind.

1. Your existing policy probably doesn’t cover flooding

Although some states require homeowners to carry flood insurance if they live within a high-risk flood zone, Texas is not one of them. Many people assume that their current homeowner’s or renter’s insurance will cover them in the event of a flood, but don’t be fooled. Most policies don’t cover flooding, so it’s on you to protect yourself.

2. Not living in a high-risk zone doesn’t mean you’re safe

If you’re lucky enough to be located in a zone at low risk for flooding, that’s great. But it’s no guarantee you’re safe, especially with increasingly erratic weather patterns. All it will take is one bad storm that catches you unprepared to make you glad you looked into flood insurance sooner rather than later.

3. There are two basic types of flood insurance to consider

Once you start shopping around for flood insurance in the Dallas, TX area, you’ll see that there are two basic types available – building coverage and contents coverage. The former covers your home property and its structure, while the latter protects the majority of the belongings within that structure. However, every policy has exceptions and limitations, so be sure to know yours.

Ready to grant yourself the peace of mind that comes with protection? Get in touch with an Alloy Insurance Partners agent today to discuss the best policy for your home or business!

Three things you need to know about commercial insurance

Commercial insurance offers financial protection to business owners. If you are self-employed or own a company in Dallas, TX, Alloy Insurance Partners can help teach you about commercial insurance. We are insurance providers who offer commercial insurance policies to Texas business owners.

The following are four things you need to know about commercial insurance. 

Certain types of commercial insurance may be required by law. 

Business owners should first focus on meeting legal requirements and purchasing any commercial coverage required by law.

Unlike in most states, workers’ compensation is not required by law in Texas. However, commercial auto insurance coverage is an important type of coverage required by law for any company that uses vehicles as part of commercial operations. 

Business loan lenders will typically require companies to carry commercial insurance.

Meeting legal requirements isn’t the only reason why commercial insurance is important. Commercial insurance is also important because lenders typically require commercial insurance coverage for borrowers looking for business loans. 

Lenders consider that commercial insurance protects their investments when they give business loans. If you may seek out business financing in the near future, carrying commercial insurance is important. 

Commercial property coverage can cover you for damages caused by theft.

Theft is a significant concern for many business owners. Fortunately, a commercial insurance policy should cover a business for losses from theft if it includes commercial property coverage. 

At Alloy Insurance Partners, we’ve got you covered when you’re on the market for commercial insurance in Dallas, TX. If you’d like to get a quote on a policy or research policy options, get in touch with us. Visit our website or call us, and we’ll be happy to provide you with a policy quote. 

Why It’s Important for the Self-Employed to Get Life Insurance

Owning your own business means you will have considerations different from those who work under an employer’s auspices. As such, obtaining a life insurance policy can help ensure the longevity of your business, providing ongoing income for your beneficiaries. 

During the transition period, it is easy to slip into fiscal disorganization as roles shift and a successor takes over operations. Your indemnification can help smooth over the difficulties by ensuring sufficient capital to continue making sure key individuals are adequately compensated. 

While there is no governmental requirement that Dallas, TX residents obtain life insurance, it is an essential part of estate planning that your Alloy Insurance Partners agent can tailor to suit your needs. Such protection can alleviate the stress of financing immediate expenses, such as burial and legal necessities. 

Your dependents likely won’t benefit from a pension or 401K, and they may be required to pay outstanding accounts related to your company and may need to settle on real estate negotiations. There may be shares that your beneficiaries wish to acquire in a buy-sell agreement. Personal housing and other debts can also come from your life insurance settlement. 

It’s vital that those who depend on you be able to establish themselves as independent of the business if that is what they want. An insurance policy gives them leverage to not rely on board members or shareholders to make decisions for them and protects them from being taken advantage of. 

Alloy Insurance Partners work hard to ensure Dallas, TX residents have access to the indemnification products they need. We look forward to doing business with you and invite you to contact us with any questions you may have. 

How Does Motorcycle Insurance Work?

When you own a motorcycle, the ride can be exhilarating. However, it’s essential to recognize that having a bike comes with many risks, and it’s vital to guard against those the best you can. One way to do this is to have motorcycle insurance that will cover you for various aspects of accidents. If you have a motorcycle and have not gotten motorcycle insurance for it yet, you need to call us at Alloy Insurance Partners in Dallas, TX. Remember that it’s the law that you must have motorcycle insurance if you ride, and we can help you get it. 

Liability Protection

Different types of coverage all fall under the umbrella of motorcycle insurance. You are required to have liability coverage for your bike. You need both property damage liability coverage and bodily injury liability coverage in your policy. These will give you protection in case there is an accident that you cause and that results in property damage, injuries, or both. Of course, these coverage types pay for the injuries and damages of other people and not your bills after an accident. Coverage can keep you safer from lawsuits and take care of the bills that become due after an accident. Having this type of coverage is essential so you won’t have to pay those bills from your own pocket. 

Other Coverage Types

While you have liability coverage, you can add other types of coverage to your policy if you choose. These include collision coverage that will pay for the damages caused to your vehicle. You can also get comprehensive coverage, which pays for other damages to a bike when it isn’t on the road. 

Get Motorcycle Coverage

Call us at Alloy Insurance Partners in Dallas, TX to get the insurance you need.

Three things you absolutely need to know about your home insurance policy

As a homeowner, you need to be well-informed about your home insurance coverage details. There are several pieces of information you absolutely need to be aware of regarding the home insurance coverage you benefit from in Dallas, TX.

We can provide you with the information you need about home insurance coverage at Alloy Insurance Partners. We recommend that you’re aware of all of the following details of your home insurance coverage. 

Steps for filing a claim

It can be stressful to deal with home damage, resulting in the need to file a claim. If you understand the process for filing a claim, you can minimize the stress you have to deal with after an accident that causes damage to your property.

Ensure you know the steps to file a claim when purchasing your home insurance policy. This will give you peace of mind and make it easier to deal with home damage if and when it occurs. 

Types of coverage your policy includes

Homeowners should know that home insurance coverage involves many different types of coverage. These include personal liability, dwelling, personal property, and detached structure coverage.

You need to understand exactly what coverage your policy includes to benefit from the coverage you’ve invested in fully. 

The deductible amount on your policy

Your deductible amount is one of the most important details of your policy. You need to know your deductible amount to make sure you always have this amount available to pay out of pocket if you need to file a claim on your home insurance policy. 

We can come to your assistance at Alloy Insurance Partners if you’re still selecting the right policy for your property in Dallas, TX. Get in touch with us to learn more about your home insurance coverage options. 

What You Need to Know Before Buying Motorcycle Insurance

The freedom and wind in your hair as you ride off into the sunset- there’s nothing like it. But before you hit the open road on your motorcycle, you must ensure you have the proper insurance coverage. Here’s what you need to know before buying motorcycle insurance.

1. Check Your State’s Requirements

What you may need for coverage in one state may differ. Some states have minimum bodily injury and property damage liability requirements, while others do not. So before you purchase a policy, check your state’s insurance requirements to ensure you’re meeting the legal minimums.

2. There is no "One Size Fits All" Policy

Every rider is different, which means their needs differ. You’ll need to consider the bike you ride, how often you ride, and what you use your bike for when determining the right coverage for you. You also need to decide if you want add-ons like roadside assistance or rental reimbursement.

3. Auto Insurance May Not Cover You

Your auto insurance policy may cover you if you’re in an accident while riding your motorcycle. But it’s important to check with your insurer to be sure. Most auto policies exclude coverage for motorcycles, so you’ll likely need a separate policy.

4. Not Everything You Hear About Motorcycle Insurance is True

There are a lot of myths out there about motorcycle insurance. For instance, some people believe that red bikes cost more to insure. But the truth is, your premium is based on factors like your biking history, the type of bike you ride, and where you live- not its color. So don’t let myths about motorcycle insurance deter you from getting the coverage you need.

Get Motorcycle Insurance in Dallas, TX

Don’t hit the open road without proper motorcycle insurance coverage. Instead, talk to an Alloy Insurance Partners agent to ensure you have the right policy for your needs. This will help ensure you’re covered in the event of an accident.

3 Steps to Take Before Buying Home Insurance

Home insurance is one of those things that you hope you never have to use, but it’s there for a reason. It’s there to protect you and your family in the event of a fire, theft, or other covered disasters. But how do you know which home insurance policy is right for you? And how do you make sure that you’re getting the best possible rate? Alloy Insurance Partners in Dallas, TX offers this guide in navigating this important coverage. 

Here are three steps to take before buying home insurance:

Step 1: Know What You Need

The first step to take before buying home insurance is to know what you need. Home insurance policies can vary widely in terms of coverage, so it’s important to understand what your policy will and won’t cover. For example, most home insurance policies will cover damage caused by fire, but not all policies will cover damage caused by floods.

Step 2: Compare Rates

The second step to take before buying home insurance is to compare rates. Home insurance rates can vary significantly from one company to another, so it’s important to shop around and compare rates before buying. You can get quotes from several different companies online or by calling around local agents.

Step 3: Read the Fine Print

The third step to take before buying home insurance is to read the fine print. Home insurance policies can be complex, and it’s important to understand what you’re signing up for. Pay attention to things like deductibles, exclusions, and coverage limits. These can all have a big impact on your policy.

Contact Us Today

Buying home insurance can be a complex process, but it doesn’t have to be. By following these three steps, you can be sure that you’re getting the coverage you need at a price you can afford. If you are looking for home insurance in the greater Dallas, TX community, Alloy Insurance Partners can help. Give us a call today for a free quote.

Term or Perm? Which Life Insurance Should You Buy?

When you visit Alloy Insurance Partners, serving Dallas, TX, for life insurance, you will have a wide array of options. Some will suit your current situation better than others.

Term or Perm

The first big question to address – term or perm? – it centers around whether you want coverage for just a few years or a lifetime. At first, that might sound silly. Of course, you want life insurance until you pass away, so your family has protection.

Term Life Insurance

Typically, insurance agents recommend that, in your 20s, you choose term life insurance. This provides you with coverage for a term of 10-, 20-, or 30-years. Other terms exist, but they’re not typical for purchase. Term costs less in premiums but provides the same coverage as permanent or perm insurance.

Your agent will probably counsel you to invest the difference between the term policy premium and a permanent policy premium. They will tell you how much each would cost.

This saves you money when you’re young and unlikely to die. It also lets you free up funds to put into savings and investments.

Permanent Insurance

Permanent insurance costs more, so your agent will suggest you switch to it during your 30s or 40s. You’ll still obtain a low-cost premium since you’re buying in at a young age.

You can often lock in a premium rate as a 30-something that lasts you until a specific age or death. That means a lot since if you don’t shop around for life insurance, you can end up with expensive premiums that increase with your age. It’s better if your insurance costs are always the same or reduced as you age since people in retirement typically have a smaller income than they did when working.

Contact Us

Contact or visit Alloy Insurance Partners serving Dallas, TX for a life insurance policy that protects your family or another beneficiary by providing financial security.

Tips for making your home a safer place

What homeowner doesn’t strive to have a safe home? Many things contribute to your home being and feeling safe. Making your home safer takes a little thought and a little effort. With some tips, you should be able to make these changes. At Alloy Insurance Partners in Dallas, TX, we are here to help our customers, and we sincerely believe that having a good home insurance policy makes you and your assets safer. 

Install a home alarm system

These days, adding a safety net around your home with an alarm system is inexpensive and easy. Exterior cameras either on your doorbell or attached to your home can give you a 365-degree view of the exterior of your home. With your cellphone, they can connect you to local police or 911, so they are just a touch away. 

Use door and window locks

You should have a deadbolt on all your exterior doors and locks on windows and sliders. It is not enough to have locks. You need to use the locks every day. 

Install motion detector lights

Motion detector lights not only shine a light on anyone who approaches your home, but they also light the way up for you when you come home after dark. This is a safety measure that you will benefit from as well. 

Use smoke detectors

Not only should you have smoke detectors in every room or at least on every floor of your home, but you also need to make sure that the batteries get changed every six months so they will work if you happen to have a fire in your home. 

Contact Alloy Insurance Partners in Dallas, TX when you need an independent insurance agent who can customize your home insurance policy for you and your home.