Five Strategies for Securing Your Business from Theft, Fraud, and Natural Disasters in Dallas

Five Strategies for Securing Your Dallas, TX Business

Strategy #1. – Talk to a Licensed And Knowledgeable Insurance Agent 

The first step to securing your Dallas business from the financial devastation associated with thefts, fraud, natural disasters, and other incidents leading to unexpected business shutdowns is to talk to a licensed and knowledgeable agent to learn about your options for getting comprehensive commercial insurance. 

Strategy #2. Choose a Comprehensive Commercial Insurance Plan 

Trusted insurance agents can walk you through the steps of choosing a comprehensive business insurance plan that protects your business in the event of the unexpected. Licensed agents can provide you with options for property insurance, liability coverage, business interruption insurance, and other forms of commercial insurance as needed. 

Strategy #3. – Learn About Commercial Insurance Add-Ons and Policy Discounts 

Get information about commercial insurance policy add-ons like automobile coverage and umbrella insurance, which can extend coverage for existing policies. Licensed agents can advise if you are eligible for additional discounts for policyholders with multiple policies. 

Strategy #4. Get a Free Commercial Insurance Quote from Alloy Insurance Partners

Once you and your agent have completed your commercial insurance consultation and selected the best options based on how your business runs, the next step is to get a free commercial insurance quote.

Strategy #5. Start Your New Commercial Insurance Policy to Mitigate Damages and Losses from Theft, Fraud, Natural Disasters, Vandalism, and More! 

After you’ve reviewed and accepted the terms related to your commercial insurance quote, a licensed insurance agent at Alloy Insurance Partners in Dallas, TX can activate your coverage and secure your peace of mind. Contact an agent, get a free commercial insurance quote, and start your new business insurance policy today! 

A Chump Dumped his Comp: The Incidents that Worker’s Compensation Doesn’t Cover

The purpose of getting worker’s compensation insurance is to provide both wage replacement and medical expenses to injured employees while working for you. In turn, the employee waives their right to sue you for negligence. This form of insurance also covers rehabilitation, disability benefits, and funeral costs if worse comes to worst. Some people will try to abuse their worker’s comp benefits, so it’s good to know what it won’t cover. 

First, worker’s comp only covers things that happen on the job. You cannot be sued for worker’s comp due to an accident during a commute or something that happened after termination. Here are some other examples. 

The Results of Violating Company Policies

Let’s say you own a restaurant and made it a company policy that employees must wear a hard hat while changing the magnetic letters on the sign outside. Your employee Doug didn’t wear one while changing the sign. A letter L comes loose and smacks Doug on the head. Doug has to take the L! He violated company policy and is not eligible for worker’s comp. 

The Results of Intoxication or Use of Illegal Drugs

Let’s say you run a construction company and hire Charley to operate the backhoe. At lunch, Charley decides to have a beer- then two- and another. Then, his buddy invites him to share a joint. Charley clocks back in and rams the backhoe straight into a tree. Sorry, Charley! It was his fault for operating heavy machinery while intoxicated.

Anything Caused Intentionally

Let’s say you own a beauty parlor. You hired Kim to do manicures and Loretta to style hair. Kim and Loretta got into a petty dispute that escalated. Words were said, and faces were bruised. Because the injuries were caused purposely, they don’t get worker’s comp. 

Alloy Insurance Partners Serving Dallas, TX

If you need worker’s comp insurance and are in Dallas, TX, contact Alloy Insurance Partners. We’ll get you what you need. 

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 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. 

How does a commercial insurance plan protect someone in Dallas?

Those that are in the Dallas, TX area are likely aware that it is a great place to run a business. When you are a business owner or manager in this area, you will find that there is a lot of opportunity for success. However, there are risks as well that should be recognized. There are some ways that you can protect your business with proper insurance. A commercial insurance plan will protect a business in several ways. 

Cover Assets Owned by Business

One way that your commercial insurance plan can prove to be helpful is by covering assets that are owned by your business. If you open a company, you will need to invest in many core assets to grow and manage your business. If you get an insurance plan, you will know that these assets are protected if you are a victim of theft, vandalism, or a situation that leads to damage.

Mitigate Commercial Liability Risk

A commercial insurance plan is also a good investment because you can offset your liability risk. Business owners are going to take on liability risks regularly. If there is an accident involving your product or service, and it results in an injury, you may be held responsible. With a commercial insurance plan, you will get the support you need to cover this risk.  

A business that is in the Dallas, TX area will always want to have the right insurance coverage. If you are evaluating your insurance options in this area, you will get additional support by working with Alloy Insurance Partners. The team with Alloy Insurance Partners understands the value that comes with commercial coverage, and they will give the support you need to properly choose a plan that will protect your organization going forward. 

The Ultimate Guide to Commercial Insurance

Making sure your business has adequate insurance cover is fundamental. It gives you peace of mind, as well as safeguards your business’ future. Alloy Insurance Partners serving Dallas, TX, offers commercial insurance covers. We will help you know the appropriate commercial insurance for your business.

Why Do You Need Commercial Insurance?

As a business owner, you know how a liability or property loss can bring down your business. That’s why you need commercial insurance so that in case of an unforeseen event, there will be no major impact. The authority might also require you to have insurance, failure to which would lead you into problems.

Accidents happen, and some can leave a major impact. Sometimes, these impacts are usually so significant that some businesses don’t recover from them. Commercial insurance ensures that your assets are protected against possible damages.

Commercial insurance can also help you attract and retain employees. Nowadays, people don’t only consider salary as the only important thing they get from their employer. They also consider whether their interests are considered. Getting insurance for your employees is one way of considering their interests, which makes them feel valued.

Additionally, some contracts may require you to have some commercial insurance. If you don’t have it, you risk missing out on these contracts.

Alloy Insurance Partners serving Dallas TX, offers commercial insurance to businesses to ensure they are protected from accidents or damages. They have several plans, and you can choose one that works for you ideally.

How Much Does Commercial Insurance Cost?

How much you pay for your commercial coverage depends on various factors such as the type of your company, number of employees, and location. These plans are usually tailor-made to suit every person.

Commercial insurance ensures that businesses remain in operation even after unforeseen happenings. Contact Alloy Insurance Partners serving Dallas, TX to learn more about commercial insurance and check out the plans we offer.

Why should we get commercial insurance in Dallas?

Dallas, TX is one of the largest metropolitan areas in the entire country. Today, there are millions of people that live in the area and many more that visit for work and tourism. When you are in Dallas, these factors can make it a great place to own a business. However, business owners do need to consider risks that exist and determine ways to mitigate them. One way to mitigate certain risks is by getting a commercial insurance plan. There are many reasons businesses here need this coverage.

Insurance Will Protect Financial Viability of Company

A key reason that you should get commercial insurance for your Dallas business is that it will protect the financial viability of your company. Businesses in Dallas have many risks that they need to mitigate. Some risks that could affect the future of your company include the risk that certain assets are damaged or if you are sued for liability. With commercial insurance, you can protect against these risks.

Insurance is Required for Most Businesses

Additionally, most business owners in the Dallas area will find that they are actually required to carry commercial insurance. Business owners that take out a loan or raise equity will have commercial insurance requirements set by their investors or lenders. If you do not carry these policies, you could be severely penalized. 

A business that is in the Dallas, TX area is going to need to have proper insurance coverage. If you are going to search for commercial insurance here, Alloy Insurance Partners should be your first call. The professionals with Alloy Insurance Partners understand the complexities that come with picking a commercial policy. They can help you by fully evaluating your needs and explaining your options. This guidance will help ensure that your business remains properly covered at all times. 

Required Commercial Insurance in Texas

Insurance in Texas

When you have a small business in Texas, certain types of commercial insurance are mandatory and others are simply recommended. If you have a small business and need it to be insured, or you simply want better policies, give us a call at Alloy Insurance Partners in Dallas, TX. 

Commercial Insurance for Vehicles

If you have a vehicle that is owned by your company, Texas law requires that you have a commercial auto policy on it. There are mandatory minimums in the policy for bodily injury liability for each person, bodily injury for the entire accident, and the amount of property damage you are liable for. If you use a vehicle for business purposes, but it is not owned by the business, it is not required to get commercial auto insurance coverage for it. However, it is recommended that you have a non-owned and hired policy for your vehicle. This is often needed because personal auto insurance policies often don’t cover vehicles used for business purposes.

Workers’ Compensation

Unlike in most states, Texas does not make it mandatory for Texas business owners to have workers’ compensation policies in place. But, it is recommended for small business owners. This insurance type will cover your business against accidents or illnesses that occur in the workplace. It also pays for wages missed when unable to work because of an accident or illness. Getting general liability insurance and professional liability insurance is also recommended for many types of business. 

Insure Your Business

Your small business needs as much protection as it can get. If you need commercial insurance, call our Alloy Insurance Partners office in Dallas, TX.

How does commercial insurance work when there is a natural disaster?

You know that commercial insurance protects your business from lawsuits when incidents occur. What happens, though, when Mother Nature sweeps through and destroys what was once your beautiful company? The agents at Alloy Insurance Partners can help you understand how commercial insurance works when a natural disaster leads to financial loss within your business in Dallas, TX.

What does commercial insurance typically cover?

The average commercial insurance plan pays for incidents pertaining to employees and customers. You may be able to file a claim with your insurance provider if a consumer falls while shopping in your store. Commercial insurance may also come in handy when an employee has a car accident while driving one of the company’s vehicles. 

Does commercial insurance cover natural disasters?

Many business owners in Dallas, TX are unpleasantly surprised to learn that their standard commercial insurance policy does not cover natural disasters. It is usually after a flood or fire caused by Mother Nature that such individuals learn the truth. You need to purchase an additional insurance policy that is just for natural disasters if you want to file a claim for coverage that pays for structural damage caused by a storm, fire, or earthquake.

There are instances where it may be possible for you to receive compensation for the income you are losing because of damages if you purchase coverage for the loss of income along with general liability insurance. An agent at Alloy Insurance Partners can help you better understand what is covered under your standard indemnity plan and what may require additional coverage.

Call today for a quote!

You do not want to be one of those business owners to get caught in the middle of a storm with absolutely no insurance. Call our agents today for a complete explanation as to how commercial insurance works when there is a natural disaster and to get started with a quote for coverage!

What Is a Business Owners’ Policy?

If you own a small or medium-sized business, consider acquiring a business owners’ policy to protect your business assets. It’s a product that combines the basic coverages of business liability and property insurance into one.

Who It’s For

Though this kind of policy is recommended for home-based businesses, it is valuable whether you rent, lease, or own the property out of which you operate. Since we serve Dallas, TX, It’s worth discussing a business owners’ policy with our experts at Alloy Insurance Partners.

Maybe your business is set up as an LLC to protect personal assets like your home and personal banking account. But you still need general business liability. For instance, if someone is injured when they slip and fall in your parking area, and you have no business liability, then the cash, equipment, and inventory in your business are at risk.

What the Insurer Looks At

The insurer determines if your business is eligible for a business owners’ policy. Factors influencing that decision include what risks your business is exposed to, how long you’ve been in business, and annual revenue. In serving Dallas, TX, we deal with more than one insurance carrier, so we are likely to be able to get you the policy you need.

How to Make the Policy Your Own

Another advantage of a business owners’ policy is that it can be customized to fit the needs of your business. And since it combines coverages, sometimes it results in savings because you are not buying an individual policy for each of the possible situations that you need protection from. 

Alloy Insurance Partners is an independent agent staffed by knowledgeable professionals. Contact us to discuss what insurance your business needs to be fully protected.