A Texas Business Insurance Update
No one wants to think about an event so severe that it would cause your business to close. However, disaster planning needs to be part of your ongoing business plan. Major events can include floods, storms, data breach, fires, accidents, death of an owner, or lawsuits. Whatever the risk, a little pre-planning can go a long way toward getting your business up and running again.
A key part of your plan should be a review of your Texas business insurance program. Your business insurance should include the following:
Property insurance: Covers your buildings, equipment, machines, and other property from loss or damage. Coverage should include business income coverage.
Commercial Liability Insurance: Provides coverage for bodily injury and property damage you cause to others.
Commercial Auto Insurance: Covers your company vehicles if they are involved in an accident. It can also cover your business if you, or an employee, uses a personally owned vehicle on behalf of the business.
Cyber Liability Insurance: This insurance can protect your business from a data breach. If your business stores sensitive or non-public information about employees or clients, you are responsible for protecting that information.
Management Liability Insurance: Management Liability can encompass these important business insurance coverage’s: Professional liability, and Directors and Officers Liability.
Having the right kind of business insurance is not the only thing your business should consider. You need to develop a plan in the event your business is shut down.
Business Continuation Practices
Are You Shopping Online This Holiday?
A Texas Personal Insurance Update
The holiday shopping season is upon us, and many of us are searching our favorite web pages for the best deals on the items that top this year’s wish list. Last year, cyber Monday was the year’s single biggest day for shopping, generating over 2 billion dollars in sales. This year, consumer experts predict an even bigger day. However, this online activity is also a big day for cyber criminals.
We recommend that you have us review your personal insurance to make sure you have the right kind of insurance, including identity theft protection, to protect you and your family throughout the holiday season.
Holiday Cyber Safety Tips
Sources – Protection one, CNET, Identity Hawk.com, and Tripwire.
Business Insurance update
This is the time of year when your business will be hiring part time workers to help you manage the holiday season. For the most part, you will not need to modify your business insurance, but if you add new classifications or payroll, it may affect your workers’ compensation insurance. Now might be a good time to have us complete a review of all your business insurance policies.
Here are few tips to help you manage seasonal employees