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10/24/2022

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Multi-Policy Discounts Can Save On Auto and Home Insurance

 
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What are multi-policy discounts?
Everyone who owns an automobile and home has the opportunity to save money. Insurance companies will offer you discounts if you place your home and auto insurance with them, because insurance companies want your business.  These discounts may also apply to your motorcycle, boat, RV and even your personal umbrella policy.
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Multi-policy advantages
There are advantages to have all your personal insurance through one insurance company. These advantages include premium savings, saving you time, a better way to manage your insurance and having just one agent to oversee your insurance program.

Multi-policy discounts will vary depending on the insurance company. Usually we see discounts ranging from 5% up to 20%. Bundling your insurance can offer the convenience of a single bill and easier claims handling when you need it.

Things to remember about multi-policy discounts
  • Whether you are single or have a family, you can take advantage of multi-car discounts.
  • Use an independent agent to search the market for your best options.
  • Bad driving habits will raise your premiums, so be sure to keep a clean record.
  • Remember to insure your boat, RV and motorcycle as well.
  • Most major insurance carriers have policies and discounts readily available for people living together.
 
 
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10/5/2022

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Do Newlyweds Need Insurance?

 
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What Kind Of Insurance Should Newlyweds Have?
Congratulations!  You have decided to share your life with that special person.  Your honeymoon is over and you are settling into your new life together. Now is the time to start thinking about how to protect that life, especially as you start to make pans for the future.  Personal insurance protection is a good way to help make sure your dreams come true.
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Personal Insurance Considerations for Young Married Couples
  • Life insurance.  Now may be a good time to consider life insurance. Life insurance offers replacement income and peace of mind for your spouse.
  • Health insurance.  You must have health insurance.  If it is not provided by your employer, you can purchase coverage on an individual basis.
  • Renter’s Insurance.  If you rent, do not go without renter’s insurance. Renter’s insurance can provide coverage for damage to, or loss of, personal property, and also cover your personal liability.
  • Auto insurance.  You will also want to review your auto coverage. If you each have a car, and they are insured in your individual names, combining them into one policy may qualify you for a multi-car discount from the insurer.
  • Your Wedding rings.  You will want to insure your wedding rings for theft or accidental loss.
  • Do you own a home business?  Many young people have home based businesses; if so, you may need business insurance.  Call your agent today.
Insurance is not as romantic as picking where to go on your honeymoon, but it is one of the most crucial things you can do as newlyweds! Although most couples are aware of the need to reassess their insurance needs when they marry, there is a gap between that awareness and action.
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9/21/2022

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When Is A Good Time To Review My Insurance Program?

 
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Most Homeowners insurance companies will send out a reminder for a renewal of your home insurance policy when the end of the year is up for your insurance coverage. Many will also automatically renew your policy unless you call and let them know that you want to change or cancel that policy. This makes it easy for many homeowners to begin sending in the next set of payments for another year without reviewing the policy to make sure it adequately reflects their needs for the year.

Whether you have upgraded or remodeled the home, added a deck onto the back, turned the home into a rental property or realized that you might have problems with flooding in your area, there are several reasons to review your home insurance policy every year to assess whether the coverage still meets your needs.

Even if you have just bought a home insurance coverage policy, it is essential to review the policy as soon as you receive it to make sure the coverage has the correct limits amounts and coverage needs you have asked for. Remember that this policy will be in place for an entire year and will most likely cost between $300-$2000 so be sure that you are getting what you want.

If you asked for personal liability of others in the amount of $100,000 and the policy only shows $50,000 don't be afraid to call the insurance agent back to have this problem corrected. The problem can simply be solved by issuing a new policy or a policy change.

Once the year time period has expired on your current policy and you are getting ready to renew again, it is always a safe bet to call the insurance agent and ask if the replacement cost value has gone up on your home or on anything in your home.

Remember that the financial market continues to increase, and with these rates of building and replacement tools will go up, so there is no shame in calling to ask if the figures on your policy need to be changed.

If you have done any renovation of the home in the last year, such as replacing countertops or flooring or even added on a deck, it is important to inform the insurance company of these changes. This protects you from being underinsured in case of damage or loss.

If you have acquired any major purchases of personal property, it is also important to contact the insurance company about changing the coverage amount on your interior belongings. This could include major electronics equipment like a television, a personal computer or laptop, an expensive piece of jewelry or fur coat, or even new furniture or a new piece of artwork.

It is also important to review your insurance coverage policy every year to determine if you have adequate coverage and liability insurance. Although some basic policies cover certain types of natural disasters and others cover personal liability, you may want to consider adding on specific insurance clauses for flooding, earthquakes, or wind if you live in a high-risk area.
There are many things that might cause injury to third parties. This could include injury to construction workers who are remodeling a kitchen or bathroom or even a babysitter or housekeeper. You will also want to change your policy if your children are starting to get older and invite over friends to play in the yard or to spend the night. Personal liability insurance will cover any accidents that happen while others are in your home.

​One final reason to review your insurance policy each year is to assess discounts or possible price quote deductions that you may be able to receive. When you purchased the home, it may not have had a security system installed, fire sprinklers, or been equipped with up to date smoke and carbon monoxide detectors.
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9/14/2022

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Are You Ready To Renew Your Business Insurance?

 
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Business Insurance Renewal
Your business insurance is an important part of your risk management program. It is important to have the right insurance coverage, competitive pricing and the right insurer. We have found at least five factors that are important to manage when renewing your business insurance program.

Business Insurance
A business insurance program can include commercial property, auto, commercial liability, employment liability, workers’ compensation, professional liability and excess liability.
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Insurance Renewal Tips
  • Provide complete information about your operation. Paint a picture that describes what you do and how well you do it. You have to sell the underwriter on what is different about your operation and how the insurance company needs to insure your risk, because you are above average.
  • Use an independent agent. We are best equipped to provide you with the best combination of coverage, price and service.
  • Combine your property, auto and liability with one insurer if possible. You will receive package discounts.
  • Have a well-managed safety program.
Putting a little effort into your business insurance renewal can reap rewards in the form of better coverage and lower premiums. 
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9/7/2022

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Artisan Contractors Insurance

 
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Artisan Contractors Need The Right Kind of Insurance
Construction projects depend on the special talent and skills of artisan contractors.  Artisan contractors are part of our thriving economy. For many artisan contractors, the most cost effective and efficient way to obtain property and liability coverage is with a Business owners Policy (BOP) especially tailored to their needs. Although marketed under a variety of names, these policies will typically have provisions similar to the BOP. In addition, a contractor will need workers’ compensation insurance.

What is Workers’ Compensation?
Workers' compensation insurance is insurance that provides lost income, medical benefits, disability benefits, and rehabilitative services for workers injured on the job or while performing work-related duties.
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Who Are These Artisan Contractors?
Artisan contractors are usually small companies that offer specialty skills made up of one or more of the following: 
  • Landscaping
  • Pool & Spa
  • Finish Carpentry
  • Framing
  • HVAC
  • Plumbing
  • Masonry
  • Lighting
  • Concert work
  • And more

What Are The Risks Associated With Artisan Contractors?

Artisan contractors have many different risks that can be covered by commercial insurance:
  • Commercial Auto
  • Loss of equipment & tools
  • Commercial general liability
  • Professional liability
  • Workers” compensation
          
 
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8/30/2022

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How Will Your Texas Business Respond?

 
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​A Business Insurance Update
If you think about it, your business faces risks every day.  When you open your doors, you have the risk of having sick or injured employees, customer complainants, and vendors who fail to deliver on their promises.  The world has changed in the past few years and it is important for business owners to make sure their business insurance keeps up.
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Recently a large insurer released their annual business risk index. This index identified the top concerns of over 1,000 business owners.  Nearly half of survey respondents believe that the business world is growing riskier, yet just 24 percent said that risk management was a strategic priority for them.
According to the survey, the top seven worries of today's business owners across all industries are:
  • Medical cost inflation
  • Increasing employee benefits costs
  • Legal liability
  • Broad economic uncertainties
  • Tech and data/cyber risks
  • Complying with laws
  • Attracting and retaining talent
Source: Business News Daily
Let our agency help you understand how to manage and treat the risks.  We offer a wide range of highly rated insurers that can offer the necessary products to help you manage you risks.
Strive Insurance Group, Inc. is a full-service independent insurance agency that has been serving the insurance needs of the Dallas area since 1984. 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.
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8/17/2022

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Can My Agent Help Me With Our Workers’ Compensation Coverage

 
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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.
  1. Search the market for options and program designs that fit the individual needs of each employer.
  2. Help build a bridge between the insurer and business.
  3. Help is client understand why workers’ compensation is important.
  4. Educate employers about how workers’ compensation works.
  5. Work with employers in the development of a safety program.
  6. Analyze all classifications to make sure they are correct.
As a business owner, you go to great lengths to provide a safe working environment for your employees. Workers’ compensation continues to be a significant cost driver for most employers, and understanding all the factors that can drive your workers' compensation cost can often be complex and time consuming.
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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
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8/10/2022

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Insurance For Medical Device Companies

 
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Your risks are constantly changing due to quick technology development, developing litigation concerns, a worldwide market, and rising product demand. We can better meet your specific needs thanks to our ground-breaking all-lines solution and expertise in risk engineering and claims.

Because medical technology is advancing so quickly, it is essential to insure your products and equipment against the hazards that they pose. We have been assisting businesses with obtaining distinctive product liability insurance coverage for more than ten years, and we can assist you.

You are subject to claims from third parties for bodily harm or damage to their property at any time because of your operations, your rendered operations (services), or your goods. This coverage covers, on your behalf, for the cost of defense and judgments that result from incidents that occur during your business (subject to policy terms and conditions).

Medical device product liability insurance is intended to assist your company in covering third-party claims of property damage or physical injury. You could be held accountable if a blood pressure cuff malfunctions and causes harm to someone or if an exam light malfunctions and causes a fire.
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Insurance for general and product liability insurance should be insured, in addition, we provide coverage for.
  • Inland Marine
  • Product Recall
  • Hired/Non-Owned Auto
  • Cyber Liability
  • Additional Insureds
  • Occurrence Limits
In the life sciences industry, we know you have to innovate to stay ahead. Companies in the industry compete and strive to be the first to develop new drugs, supplements, medical devices, and technologies that promote better health. Let us put together a specialized Life Sciences Insurance solution that minimizes loss potential and protect your bottom line.
 
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7/27/2022

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Make Summer Safe

 
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Personal Insurance Update
With the summer months approaching, now would be a great time to review your homeowner’s and personal insurance program.  There is a large spike in auto accidents during June through August.  We offer a free review to assess your insurance needs, and we can recommend needed personal insurance coverage like a personal umbrella, cyber liability, and flood insurance.  Summer Risks Are Very Real.
Here are a few of the risks your family may face this summer:
  • Watercraft -- Remember, your personal watercraft insurance does not cover racing.  In addition, if your boat is over a certain length, you will need a separate boat policy.  Remember to have personal floatation devices for all people in the boat, and do not drink and drive your boat.  Venture beyond the geographic limits in the policy and the insurance may be nullified.
  • Travel -- If you are planning a family vacation, make sure you keep your home safe while gone.  Use timers on lights, cancel the mail and garbage, and do not post vacation pictures on social media while you are gone.
  • Swimming -- Never leave a child unattended around water.  If your child does not know how to swim, make sure they have a floatation device on at all times.
  • Bug Bites -- If you are heading outdoors, be prepared for annoying critters.  Use EPA-registered insect repellents* that contain at least 20% DEET (products include Cutter Backwoods and Off!  Deep Woods) for protection against mosquitoes, ticks, and other bugs.  Other repellents protect against mosquitoes, but may not be effective against ticks or other bugs.
  • Barbecuing -- Never leave a barbeque unattended.  Do not barbecue inside or in a garage.  If you receive a minor burn, hold the skin under cool running water for up to 15 minutes to reduce swelling or until the pain subsides. 
  • Sunburns -- Always use sunscreen, and if your skin is burned, mix one-part whole milk with one-part cool water and gently apply it into the affected areas with a washcloth.
  • Heat Stress -- You may be having fun or working in the sun, but if it is hot, keep hydrated by drink plenty of water.  Wear lightweight clothing and take breaks every hour or so.
  • Fire pits -- Fire pits are becoming increasingly popular for outdoor entertaining.  While some burn wood, others use propane or natural gas.  Keep kids at a safe distance and teach them that fire pits stay hot long after the flames go out.
Strive Insurance Group, Inc. (formerly Gordon Lund Insurance Agency, Inc) is an independent insurance agency representing many insurance companies.  This means that we quote with many different insurance companies to obtain the best rate and coverage for your insurance.  We do this at no additional fee or service charge to you.  Our insurance agency's reputation for representing the best insurance companies, providing excellent customer service and competitive pricing to our clients has been earned and proven for over 30 years.  We take great pride in finding you the best coverage and backing it up with prompt personal service.  ​
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7/5/2022

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Life Sciences and Biotech Insurance Risks Are Real

 
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Innovative life sciences enterprises are subject to a variety of hazards, including product recalls, failed clinical trials, and legal action. We can assist you with specialized risk management and life science insurance solutions that reduce loss potential, safeguard your financial health, and enable you to keep working at the forefront of science and technology.

The hazards associated with running a life sciences company are numerous and complex, regardless of whether you are at the early stages of discovery or getting ready to launch a product.
Knowing what hazards your biotechnology company is exposed to is the first step in mitigating those risks since knowledge is power. A typical biotechnology company encounters the following difficulties and dangers.
  • Raising money
  • Intellectual property
  • Strategic partnerships
  • Product liability
  • Cyber risk
  • Supply chain
  • Obtaining talent
  • Displaying worth to your market
  • Pharmaceutics and clinical trials
  • Regulation observance
  • Keeping an eye on drug safety
  • Utilizing developing markets
 
Biotechnology and life science are fascinating fields that are constantly evolving. Because of the risks involved, it is essential that a broker has in-depth knowledge of the relevant fields and the capacity to help businesses navigate the dangers that emerge at each level. Our organization offers risk management and consulting services to life science enterprises, which are essential for their present and future success.

Strive Insurance Group, Inc. (formerly Gordon Lund Insurance Agency, Inc) is an independent insurance agency representing many insurance companies.  This means that we quote with many different insurance companies to obtain the best rate and coverage for your insurance.  We do this at no additional fee or service charge to you.  Our insurance agency's reputation for representing the best insurance companies, providing excellent customer service and competitive pricing to our clients has been earned and proven for over 30 years.  We take great pride in finding you the best coverage and backing it up with prompt personal service.  ​
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NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not to be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher. Privacy Policy.​

​Strive Insurance Group, Inc. | 701 N. Central Expressway Bldg 1|Richardson | Texas | 75080 | 866.538.8174
Photos used under Creative Commons from Randy Heinitz, dhublimited, Gamma Man, Nguyen Vu Hung (vuhung), roarofthefour, propertysnaps, Ada Be, Mire de rien