Month: May 2014

If you have a new business that is still building itself, or if you have an already established business that lacks any major business assets, that still does not mean that you don’t need to have any business insurance. This type of insurance, also commonly referred to as commercial insurance, is something that you are usually required to have by law. Most states in the United States do require businesses to have this type of insurance, but you should make sure to check with your insurance agent about the laws in your area.

Even if you don’t feel that your business has enough assets to insure, you might be forgetting to consider the building where you actually do business. You need to make sure that the building itself is insured because you need to be able to repair damage that may happen. Whether it is environmental damages like lightning striking or it is damage due to thieves breaking in and vandalizing your building, you just can’t afford to take the chance to leave your work space unprotected.

Another important reason to have business insurance is that you should have liability protection. Did you know that every time your employees or your customers sets foot on your property you are technically responsible for what may happen to them? If someone gets injured while they are on your property, they can sue you for all of their injuries and damages. If you don’t have any insurance then you will not be prepared for any of the potential financial consequences.

Don’t let yourself be caught with no business insurance. It is an essential part of being a business owner, no matter how big or small your assets are. Call our offices today to get a free quote and to discuss exactly what commercial insurance can do for you.

Purchasing property insurance in Plano, TX can provide coverage for a variety of situations and concerns. Depending on the plan that you purchased, it may cover your personal belongings while you are traveling, even if those items are with you during your travels and are lost or stolen on your trip.

Policy Details

The only way to determine if your property insurance plan has provisions regarding the loss of belongings while you are traveling is by looking through your policy and evaluating the details of the plan. Every plan differs, so it may or may not be covered.

Keep in mind that clauses and exceptions can have an impact on your coverage. Even if most items are covered, you may discover that a clause prevents a particular item from being replaced due to the risks or the cost of the item.

Stolen Items

Even if you do not take your personal belongings with you, it is possible for items to be stolen when you are away from home. Traveling can result in the loss of property due to theft or damages to the property.

If items are stolen from the property, then your coverage should allow you to replace it according to the policy requirements. When items are stolen during your travels, you may or may not be able to make a claim on your property policy. The details of protecting items you take out of the house may depend on the specific item and the current plan.

In many cases, insurers will pay for personal belongings that are lost or stolen while you are traveling, but the details of making a claim and the items that are eligible may vary. Contact us to learn more about your options and speak to an agent.