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.

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!

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.

When you own a business, one of the most important things you can do is to protect your patrons. In most cases, you have commercial policies to do a great deal to protect your business, but do they also protect your patrons? For those in the Austin or Dallas, TX area, the agents with Alloy Insurance Partners can help you to find the commercial policy that is going to work for you relatively easily.

How can a commercial policy help?

A commercial policy does a great deal to protect your business; it also protects your patrons and your employees. If you have any property insurance on your business, your property insurance may also help to protect your patrons. Commercial policies, by and large, do help to protect patrons that are injured on your property under a few different cases. For starters, if they are injured by no fault of their own, i.e., they are not running around, wasting time, or partaking in any dangerous activity, your policy will help to cover their medical bills and keep you from being sued.

Your policy may also help to protect you by helping to pay the costs if you are at fault for the injury. If there is any sort of issue, the first thing that will happen is the insurance company will come, determine what caused the accident, and will then work out how to pay medical bills and any other associated bills.

Your commercial policy will help cover the cost of taking care of medical bills associated with injury to patrons and will also help with legal bills as well. For those that do have a commercial business and want to make sure their patrons are covered, it is always best to look at different policies and to talk with an agent. For those in the Austin or Dallas, TX area, the agents with Alloy Insurance Partners are ready to answer your questions and get you a quote.