A Texas Workers’ Compensation Update
There are over 4.1 million workplace injuries in the Unites States each year, according to OSHA. Employers spend about $155 billion on work related injuries each year. There is no doubt workers’ compensation is a big expense for employers.
The good news is there are many actions an insurance agent can do to help employers reduce workers’ compensation costs.
As an Independent Insurance Agency we represent many insurance companies to fit your businesses dynamic needs. Whether you're a new business or a small business, we can help. Being an Independent Agent means we are not only your agent, but we are your insurance broker as well. We understand every business and industry is unique, so we will work with you to find the best business insurance coverage at the lowest rate. Contact us today for a free quote
A Texas Business Insurance Update
Hurricane Harvey’s impact will be felt for the next three to five years, or even longer. Many affected businesses may not survive. It is our hope that all the people and businesses impacted by Harvey will recover as soon as possible. For those businesses that had flood insurance, the recovery will be helped through the insurance resources. There are other kinds of disasters, or losses, which can cause your business to be shut down. Now is the time to have us complete a business insurance review. We can offer many coverage and pricing options for your business.
Disaster Planning for Your Business
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.
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.
As an Independent Insurance Agency we represent many insurance companies to fit your businesses dynamic needs. Whether you're a new business or a small business, we can help. Being an Independent Agent means we are not only your agent, but we are your insurance broker as well. We understand every business and industry is unique, so we will work with you to find the best business insurance coverage at the lowest rate. Contact us today for a free quote.