​A 2017 Texas Business Insurance Update
Risk management and business insurance issues that your local business faces are not that much different from those faced by fortune 500 companies; fortune 500 companies’ risks are just larger and possibly more complex.  Making sure that you have the right kind of business insurance for protecting your operations is our number one goal.
Recently, PC360.com ran an article describing the top risks for large corporations.  We thought we would relate these risks to your local business, and suggest some insurance that your business should consider to cover these risks.

• Business Interruption Insurance - This can include lost net income, continuing expenses, and even relocation expenses.  This coverage is not always automatic, and needs to be added with specific limits.
• Directors and Officers Liability - Directors and officer’s liability insurance helps protect your business, owners, executives, and managers if individuals, competitors, third parties or government regulators make claims.
• Regulatory Compliance Issues - New regulations and contractual risks are increasing for all organizations.  Issues include; contracted employee, healthcare, workers’ compensation laws, environmental issues, cyber reporting requirements, and more.
• Employee Safety - Maintaining a safe working environment should always be a top priority for your business.
• Cyber Liability - Did you know that the average business has a greater chance of having a cyber breach than it does of having a fire?  It is true, and your business insurance policy most likely will not cover cyber liability losses. “This new world of connected devices promises insights on which companies can base strategic decisions. But the ability to obtain more information brings the responsibility to use that data appropriately, maintain customers’ privacy, and practice effective cybersecurity.”  PC360.com

Putting a little effort into your business insurance renewal can reap rewards in the form of better coverage and lower premiums. 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. 
 

​Business and personal insurance update 
Many people look at insurance as a commodity, like buying car or a piece of furniture.  Consequently, they become caught up in searching for the lowest price for the “product of insurance.”  Insurance is less of a commodity, and more of a promise or service.
Promise vs. product
Insurance is a promise from the insurer to cover your claim or loss per the terms of the policy.  What many people fail to understand is that policies or “promises” differ from company to company. If you never have a claim, then you do not know if the insurer will live up to the promise you think they have made.  However, if you do have a claim you want the promises kept.
That is where we come in.  As an agent, we help you understand the promises made, and work with you to make sure the insurer fulfills all promises.  We can also help you design a policy that fits your needs.
Here are few things to remember about insurance promises

• Getting the right coverage is not the insurer’s responsibility--it is yours.  You need to determine what limits, deductibles, and coverage you will need to cover your risk.  As an agent, we can help you through that process.
• You may need special or unique coverage like flood, boat, or umbrella coverage.  We are here to help you evaluate your risk.
• Insurance companies differ. We can show you how insurers differ in regards to product and services.

​Strive Insurance Group, Inc. is a full-service independent insurance agency that has been serving the insurance needs of the Dallas area since 1984 (formerly Gordon Lund Insurance). Don't worry, nothing has changed, but our name. In addition to having a presence in the Dallas and North Texas area, we have also expanded to Austin and Central Texas with agent representation and the same professional service.

We represent, and have established a strategic alliance, with only the highest quality insurance carriers. In doing so, we can provide you with the service and protection to meet your dynamic needs. As your needs change, we can review and collaborate to decide which insurance company or companies are best suited to your situation.

​A Texas Personal Insurance Update
Personal umbrella Insurance provides extra protection, or limits, above the liability insurance you currently have.  Just as an umbrella protects you from heavy rain, an Umbrella Insurance policy protects you from losing the entirety of your wealth and assets in the event of a claim. Umbrella Insurance can provide limits above your personal auto and home policies.
The cost of a personal umbrella can be as low as $175 per year for $1,000,000 worth of coverage. If you own a boat, jet sky, snowmobile, or any other kind of recreational toy, you should consider a personal umbrella policy.  If you own your your home or have a 401 K plan, don’t jeopardize your future by having a liability claim that could cost you everything.
Umbrella insurance provides broad insurance beyond traditional home and auto. It provides additional liability coverage above the limits of homeowner's, auto, and boat insurance policies. It can also provide coverage for claims that may be excluded by the primary policies.
Strive Insurance Group, Inc. is a full-service independent insurance agency that has been serving the insurance needs of the Dallas area since 1984 (formerly Gordon Lund Insurance). Don't worry, nothing has changed, but our name. In addition to having a presence in the Dallas and North Texas area, we have also expanded to Austin and Central Texas with agent representation and the same professional service.

We represent, and have established a strategic alliance, with only the highest quality insurance carriers. In doing so, we can provide you with the service and protection to meet your dynamic needs. As your needs change, we can review and collaborate to decide which insurance company or companies are best suited to your situation.

Whether it’s Auto, Home, Motorcycle, Boat, Business or Life Insurance, we are your consultant working with you as you determine your needs