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How commercial insurance can save your small business

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Texas has an excellent climate for small businesses. The tax burden is lower than in most other places, which gives you a leg up, but many small companies will still fail despite that. Commercial insurance adds a layer of protection that can help save your small business because of the protection it offers. At Main Street Independent Insurance Agencies Inc. in  Ft. Worth, TX, our business is to help you protect your business. 

Commercial property insurance

Commercial property insurance can save your business by protecting it from things that could damage your location. You don’t have to own the building your business is in to benefit from this type of insurance. Beyond just the physical building that houses your business, it also covers everything you use to do business. That will be different for every small business since a store uses different things than a plumber. It covers tools, inventory, fixtures, machinery, and lots more. It will get you back into business much quicker than if you didn’t have commercial property insurance. 

Commercial liability insurance

Being sued is a real danger to small businesses. Your risk of being sued is much greater than you probably realize, and you can be put out of business quite easily if you get into legal proceedings. Your liability insurance will cover a judgment up to its limit and legal expenses. 

Business interruption insurance

When a covered hazard hits your business, it may have to close for an extended period. No income will be coming in. You still have expenses. Business interruption insurance helps you pay bills, rent, and even employees. It can be a lifesaver and a business saver. 

Contact Main Street Independent Insurance Agencies Inc. in Ft. Worth, TX to discuss your commercial insurance needs. 

How is roof replacement covered by most homeowners’ policies?

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Main Street Independent Insurance Agencies Inc. is here for residents in the greater Ft. Worth, TX area. If you have questions about your homeowner’s policy or are in the process of purchasing a home in the area, we are here to help you with all your insurance needs. Call or come by our office today.

Roof replacement and homeowners’ policies

When it comes to roof replacement and homeowners’ policies, there can be a lot of confusion about what is and isn’t covered. Every insurance policy can provide different types and levels of protection, and it’s important to understand your coverage exactly. 

Several different factors can affect your coverage. For example, there are some limitations due to the year your current roof was installed, the materials used, or the manufacturer’s warranty. Depending on the details of your policy, your roof replacement may or may not be covered. Additionally, the replacement cost could be covered up to a certain level.

Every policy is different, so it is crucial to understand the parameters for your roof coverage. This is an excellent example of a situation that is helped by working with a local insurance agent. They can review your policy with you to determine if you have the proper protection.

We look forward to working with you!

Ft. Worth, TX area homeowners can rely on Main Street Independent Insurance Agencies Inc. team for all of their home insurance needs. If you have questions about your current home policy or if it’s time to upgrade to more comprehensive coverage, stop by our office or call us. We are here to help you with all of your insurance needs.

How To Get the Most Out of Your Auto Insurance Policy

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Anyone who has ever been in a car accident knows that it is a stressful and often traumatizing experience. In the aftermath of an accident, the last thing you want to deal with is dealing with your insurance company. However, the claims process can be much less stressful if you understand your auto insurance policy. Here are a few tips for getting the most out of your auto insurance policy.

1. Know Your Coverage

The first step in getting the most out of your auto insurance policy is to understand what your policy covers. Some policies will cover damage to your vehicle, medical expenses, and liability. However, there may be some coverage that you are not aware of. For example, some policies also cover rental cars if your vehicle is damaged in an accident. It is important to understand all the coverage available to you so that you can make the best decision for your needs.

2. Shop Around

Shopping around is the next tip for getting the most out of your auto insurance policy. There are many different insurance companies out there, and they all offer different rates. Shopping around can help you find the best rate for your needs. It is important to remember that the cheapest policy is not always the best policy. Make sure you compare coverage and rates before you make a decision.

3. Ask Questions

Never decide on your auto insurance without first asking questions. Ask your agent or insurance company for clarification if you do not understand something. You must understand all of the terms and conditions of your policy before you agree to anything.

4. Review Your Policy Annually

Your needs will change, and so will your auto insurance policy. It is important to review your policy annually to ensure that it still meets your needs. If you have moved, gotten a new car, or had any other significant changes in your life, be sure to update your policy.

If you follow these tips, you will be well on your way to getting the most out of your auto insurance policy. Main Street Independent Insurance Agencies Inc. in Ft. Worth, TX can help you find the right policy for your needs and ensure you get the best coverage possible. Give us a call today to get started.

Tips For Choosing The Right Commercial Insurance

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Commercial insurance is a vital part of any business. It protects your company from financial losses if something goes wrong. However, choosing the right commercial insurance can be tricky. Many different policies and options are available, and knowing which is right for your business can be challenging. This article will discuss some tips for choosing the right commercial insurance policy.

1. Understand What Risks You Need Protection Against

The first step in choosing the right commercial insurance policy is understanding the risks you need protection against. Every business is different and therefore has different risks. You must ensure that you are covered against your business’s specific risks. For example, if you run a construction company, you’ll need different coverage than a software company.

2. Work With an Experienced Insurance Agent

When choosing the right commercial insurance policy, working with an experienced insurance agent is crucial. They will be able to help you understand the different options available and find a policy that is right for your business. Main Street Independent Insurance Agencies Inc. in Ft. Worth, TX has a team of experienced agents that can help you find the right coverage for your business.

3. Get Quotes from Multiple Insurance Companies

Once you understand the coverage you need, getting quotes from multiple insurance companies is vital. This will allow you to compare rates and find the best deal for your business. Moreover, it’s important to remember that the cheapest policy is not always the best. Read the fine print and understand what you are getting for your money.

Conclusion

Choosing the right commercial insurance policy is vital for any business. By following the tips above, you can be sure that you are getting the best coverage for your specific needs. Main Street Independent Insurance Agencies Inc. in Ft. Worth, TX can help you find the right policy for your business. Give us a call today to get started.

What Is The Minimum Amount of Car Insurance Required In Texas?

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Buying a car is an exhilarating experience and a substantial financial commitment. However, before you can enjoy the thrill of owning a car, you are required by law in 48 states (except New Hampshire and Virginia) in the United States to have some minimum auto insurance to drive a vehicle on public roads. As a resident of Ft. Worth, TX, you might be wondering – what is the minimum amount of car insurance in this state? Here is what to know;

Minimum Car Insurance Amount in Texas

Texas legislation requires all drivers to have adequate insurance for their vehicles. According to the state’s law, adequate car insurance means coverage of at least $30,000 for every injured person and not less than $60,000 per accident. Moreover, drivers in Texas must have property damage coverage of not less than $25,000. In the insurance and legal circles, the Texas minimum auto insurance requirements are defined as 30/60/25 in shorthand.

Unlike several other states, Texas doesn’t require its drivers to be insured against uninsured and underinsured drivers. Keep in mind that you are required by Texas state law to produce proof of insurance at the request of a police officer. 

Is Minimum Insurance Sufficient?

At Main Street Independent Insurance Agencies Inc., we advise against settling for the state’s minimum car insurance requirements because it doesn’t provide sufficient coverage. Firstly, if you only have minimum insurance and get into an accident and damage your vehicle, you will have to pay out of pocket to repair it. Additionally, if the accident results in property damage exceeding $25,000, you have to pay for the extra damages out of pocket. Moreover, minimum vehicle insurance in Texas doesn’t protect against theft. You will need additional coverage like liability coverage, collision coverage, and uninsured/underinsured motorist coverage to have excellent car insurance protection.

Call Main Street Independent Insurance Agencies Inc. for more info on car insurance in Ft. Worth, TX.

What is Hazard Insurance?

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If you want to own a home in Forth Worth, you should know that some mortgage lenders will require you to own a homeowner’s insurance plan. If you’re curious about available plans, we’ll be exploring hazard insurance today.

How Hazard Insurance Works

Hazard insurance is a type of homeowner’s insurance that protects your property in the event of a hazard. A hazardous event can count as a fire, a severe storm, a hail storm, a snowstorm, or other natural disasters. If a dangerous event occurs in your home, this insurance will cover your damage expenses.

How it Differs From Other Insurances

This kind of insurance usually focuses on repairing and replacing structural problems. Hazard insurance doesn’t always provide coverage for personal property such as lost belongings or stolen items. If you want to know more details, consult an agent at Main Street Independent Insurance Agencies Inc. 

Should You Get Hazard Insurance?

Depending on what your needs are, yes. If you live in a high-risk area, this kind of insurance will give you peace of mind and protection against unfortunate events. For example, California homeowners are at a higher risk of experiencing fire damage. Those who live in Florida will benefit from having hazard insurance since their properties are particularly susceptible to hurricane damage.  

Hazard insurance is often a smaller policy that’s a part of a more extensive insurance package. If you are looking for more types of coverage, then you can search for a homeowner’s plan that covers personal property loss, medical expenses, liability, and dwelling damages. 

Shopping for Homeowner’s Insurance in Ft. Worth, TX

The Main Street Independent Insurance Agencies, Inc. provides a range of insurance services. Contact us at 855-662-6246 if you are interested in getting service in Texas, Colorado, or Arizona. 

Can Home Insurance Cover My Collectables in Ft. Worth?

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If you’re a collector in Ft. Worth, TX, you might wonder if your home insurance policy can cover your valuable collectibles. The answer is maybe—it depends on the details of your policy. Here’s what you need to know about insuring your collectibles with home insurance.

What Does Home Insurance Cover?

Home insurance is designed to cover your home and your belongings in the event of damage or theft. Most policies will cover the structure of your home and your belongings.

However, there may be limits to how much coverage you have for specific items. For example, many policies limit how much they will pay for jewelry or other valuables.

Where Do Collectibles Stand?

For collectibles, it’s essential to check your policy to see what coverage you have for your belongings. Some policies will provide limited coverage for collectibles, while others may not cover them.

If you’re unsure about the coverage in your policy, speak to your insurance agent at Main Street Independent Insurance Agencies Inc. They can help you understand your policy and what coverage you have for your collectibles.

What If I Want More Coverage?

If you want more coverage for your collectibles, you may purchase a separate policy. This is a personal articles floater, and it can provide additional coverage for your valuables. It’s important to remember that this policy will only cover your collectibles. It will not protect your home in the event of a disaster, so it’s an add-on to your original policy.

At Main Street Independent Insurance Agencies Inc., we want to ensure you have the coverage you need for your home and belongings. Contact us today to learn more about protecting your collectibles in Ft. Worth, TX.

Is Commercial Insurance Needed in TX?

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If you own a small business in Texas then you are going to want to know what the insurance requirements are to remain in compliance with state law. Unlike the vast majority of other states, Texas does not mandate workers’ compensation insurance which pays for the medical bills associated with a workplace injury or illness. With that said, these costs can quickly escalate and not having workers’ compensation insurance can quickly lead to financial ruin. Bear in mind, that if own a company that contracts with state or federal government agencies then workers’ compensation insurance is required. Additionally, any vehicles owned by the business must be covered by commercial auto insurance with the following minimum liability requirements:

  • $30,000 bodily injury liability per person
  • $60,000 bodily injury liability per accident
  • $25,000 property damage liability per accident

Even though it is not mandated, personal vehicles that are driven for work related needs should be covered by hired and non-owned auto insurance. Personal auto policies often exclude business use and could leave your employee on the hook for thousands in damages if they are not adequately covered. 

In addition to the aforementioned coverages, Texas businesses can consult with Main Street Independent Insurance Agencies Inc. in Ft. Worth, TX to learn about optional add-ons that may better protect their business. For example, cyber liability insurance is a must for any company that handles sensitive data and is at a higher risk of cyber attack or data breach. 

For further information and to learn how we can help, contact our friendly and knowledgeable team to schedule a no-obligation consultation with one of our insurance professionals. 

4 Auto Insurance Mistakes to Avoid

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Even if you are an experienced motorist, buying car insurance is never fun. There is a lot to figure out about car insurance. While purchasing car insurance can be intimidating, there are pitfalls you can avoid to get the most out of your coverage. Main Street Independent Insurance Agencies Inc. of Ft. Worth, TX, has listed important things you should know about car insurance.

Failing to understand your policy

It’s a big mistake failing to understand your policy. It’s best to understand the ins and outs of your policy to avoid surprises when filing a claim. Understand the risks covered by your policy. Likewise, get to know what isn’t covered by your policy.

Read your policy to understand what it covers, exclusions, and limitations. Equally, talk to your insurance agent to know more about your policy.

Lying about the personal information

When your records aren’t right, there is always the urge to falsify things here and there. The reality is that you will be found, at least when filing a claim. When the insurance underwriters do a background check and realize that speeding ticket or the fact that you are not a student, you will pay for your lies by paying high premiums.

Sticking to the state-minimums

You will pay less premiums by adhering to basic car insurance, but you will pay dearly when involved in a significant accident. Basic car insurance can only do so much when faced with significant liability claims or when your car is written off.

Being lazy in research

When looking for any insurance, including car insurance, you don’t fall for the first offer you receive. Carry out basic research and compare offers from different insurance companies. Don’t be tempted to sign up for the first service you find.

Need more guidance on auto insurance? Please contact Main Street Independent Insurance Agencies Inc. in Ft. Worth, TX for all your car insurance needs.

Protection From Burglars: Does Your Home Insurance Help?

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Robberies are a frightening situation that can put you on high alert and make it hard to adjust to everyday life. Thankfully, at Main Street Independent Insurance Agencies Inc., we can help Ft. Worth, TX, residents protect their homes from serious burglary risks and avoid long-term dangers.

Protection Your Policy Provides 

Most homeowner’s insurance policies should have coverage options that help to protect you from burglaries and much more. Understanding your options here is critical because they can vary based on your company and their needs. They typically include:

  • Dwelling Coverage – Did a burglar damage your home during a break-in, such as breaking a window or removing siding? Your dwelling coverage policy should help to pay for these repairs. 
  • Property Protection – If a burglar stole your items from your home, you could pay to get them replaced. You need to make sure that you have proof of ownership for these items in many cases.
  • Personal Injury – Were you hurt when a criminal broke into your property and attacked you during a robbery? Your homeowner’s insurance may pay for your medical treatment needs. 
  • Other Structures – Even if your robber didn’t break into your home but instead focused on your garage or storage shed, other structure policies will pay for necessary damage repairs. 

This type of protection is critical to work out with your agent before anything terrible happens. While most people never experience a break-in or robbery, you never know when it may happen to you.

Learn More About Your Coverage 

If you want to protect your home and your belongings from burglars, contact us at Main Street Independent Insurance Agencies Inc. to learn more about how we can help Ft. Worth, TX residents get the help they need.