Can you Have Both Commercial and Property Policies on the Same Property?

When it comes to owning a commercial property, it is always important to make sure that the property is insured to protect your investment. Without the right insurance policy, you can end up losing everything. For those in the Ft. Worth TX area, the agents with Main Street Independent Insurance can help you find the right commercial policy to protect your business.

Commercial Property Policies

There are a few different things to keep in mind when it comes to a commercial policy. Most commercial policies cover the actual business and possibly the health of employees and patrons of the business. This is a great way to make sure that if you do have a business that is open to the public, that your investment and your patrons are both safe.

With a property policy, the main thing covered is the property itself plus any named items. Property policies are not exactly right for commercial properties simply because they do not always cover the people that may be on the property. In most cases, a property policy is just going to insure the property listed and any buildings that might be there. If you have a commercial property you may be interested in a commercial property policy, however. This gives you the best of both types of insurance.

A commercial property policy is going to protect the business and its patrons as well as the property that is on the premises. This is a great policy to have if you are stuck between choosing one or the other.  For those in the Ft. Worth, TX area, the agents with Main Street Independent Insurance Agencies Inc. can help you determine what policy works best for you and what policy is going to best protect your commercial interests.

4 Ways to Get the Best Commercial Insurance Coverage

When you have a business, you want to make sure it’s operating correctly. It needs to perform well to stay growing and meeting customer needs. But one of the areas you might accidentally overlook is insurance. You need the right policy for your company, because you need to protect your business, your employees, and your customers. By working with Main Street Independent Insurance, you can get the right commercial insurance policy for your Colorado or Texas business. Here are four ways to get the best commercial insurance coverage, along with some important peace of mind.

  1. Make sure you talk to an agent who really understands what commercial insurance products are available in your area.
  2. Be upfront about the kind of business you operate and the type of coverage you’re looking for.
  3. Get quotes from multiple companies, and compare what they’re offering along with the premiums they’re requesting.
  4. Periodically review your policy with your agent, and update it as needed so you can stay current on your level of protection.

By carefully finding the right policy and making sure you update it as necessary, you can get the best commercial insurance for your company’s needs. That’s a great way to make sure you’re protected, and the peace of mind you’ll have from that matters.

Reach out to us today at Main Street Independent Insurance. We understand the needs and goals of your Colorado or Texas business, and we’re here and ready to help you get the policy and coverage that works best for you. Not every business needs the same type and level of insurance, so working with a knowledgeable agent is key to making sure your company gets what it needs to be properly protected.

Do You Need Commercial Auto Insurance for Your Business Vehicles?

Commercial auto coverage is recommended if you use your vehicle for a significant amount of business activity. Don’t rely on your auto insurance to cover your vehicle or commercial fleet. A representative from Main Street Independent Insurance in Ft. Worth, TX can help you understand your options for commercial auto insurance.

What is Commercial Auto Insurance?

Commercial auto insurance has the same basic coverage as personal auto insurance, with some added protection for your business. It includes:

  • Property damage pays for damage to another person’s vehicle in an accident caused while you or an employer is driving for business purposes.
  • Bodily Injury covers medical expenses for third parties injured in an accident caused by you or an employee.

There are many other types of commercial auto insurance, and you may be able to get discounts for multiple vehicles. Ask your Main Street Independent Insurance representative about comprehension, collision, underinsured motorists, and other policies.

Who Needs Commercial Liability Insurance?

Anyone who has a business and uses a truck, van, or car for business purposes should consider commercial auto insurance. If you have a sizable fleet of company vehicles, you need commercial auto liability insurance.

Auto coverage is required for all vehicles in Texas. However, if your business requires CDL operators, you are required to have additional coverage. This might include motor carriers, freight brokers, and forwarders. Additionally, any vehicle transporting goods or passengers across state lines is mandated by federal law to have liability insurance.

Further, having auto liability insurance helps you avoid costly lawsuits.

Contact Main Street Independent Insurance in Ft. Worth, TX today for more information on how commercial auto insurance can protect your business assets. Call today to set up an appointment for a free quote.

 

Does A Commercial Policy Cover Work Vehicles In Texas?

A question that many Texas and Colorado businesses ask when they call Main Street Independent Insurance in Ft. Worth, TX, "Does commercial insurance cover the autos used in the line of duty?" Short answer: No, Commercial auto insurance does.

The difference between commercial insurance and commercial auto

The slightly longer answer is that this is generally going to be all part of the same package. It’s possible to buy your commercial insurance from one group and your commercial auto insurance from another, but you’ll probably save yourself some time and effort and have one less bill to keep track of each month if you buy both through the same provider.

Before you ask: Commercial auto insurance isn’t enough. Even if you do your work exclusively on the road, driving a truck, running a delivery service, or being a form of transportation, you’re probably going to need commercial insurance in addition to your commercial auto insurance. If someone slips and falls at your home, and they can prove that you have a home office for your business, then you’ve got a commercial insurance case on your hands, not a commercial auto insurance case. If you run a business, you need a commercial insurance policy. If your business involves driving, then you need a commercial insurance policy and a commercial auto insurance policy.

If there’s anything else you need to know, or you’re ready to get covered, give Main Street Independent Insurance a call and see what we can do for you. You can’t run a business without getting some coverage to keep you safe out there, whether or not you’re on the road. So stay safe and stay covered.

Things To Do at Home Before it Gets Cold Outside

While it may not always get cold in Ft. Worth, TX, you want to be ready for it in case it does happen. The winter can be unpredictable in this area, so using these tips from Main Street Independent Insurance can help you ensure your home is ready for the first cold snap and beyond this winter season.

  • Drain your irrigation system. If you have an irrigation system set up for your lawn, before it gets too cold, you want to make sure that the pipes are drained. This is because if the pipes under your lawn freeze during the winter, you will have a huge problem when they finally thaw. Have a professional come out to help you with this task to ensure it is done the right way. 
  • Get your heater checked. If you have a heating system, then you do not want to find out that something is wrong with it when you do need it this winter. Have a professional come out to inspect it and ensure it is ready for the cold. 
  • Prep your external pipes. If you have any piping that is exposed to the outdoors, you will want to prep them now by putting some covers over them to help keep them warm. 

Even though it is just getting cold, getting a head start on some of these tasks will go a long way. In addition to completing this list for your home, you also want to have a great home insurance policy for your home to protect you from the things you can’t predict. Contact Main Street Independent Insurance serving Ft. Worth, TX, to help you find the best policy for your needs and your budget today. 

What is covered by a commercial insurance policy?

Owning a business requires you to plan and invest wisely. It also requires you to know the things that may affect your business beforehand so you can protect it against the risks. For example, every business has employees and competitors, and with that, you never know what may happen tomorrow. You might wake up one morning to find out you are being sued.

A commercial insurance policy helps to protect your business against any unforeseen risks. It helps you protect your business assets which include your employees and your business property among more. However, understanding insurance terms can be complicated if you are not in the insurance business. So, below is some of the most common commercial insurance coverage options from Main Street Independent Insurance Agencies Inc. in Ft. Worth, TX to help you understand more about insuring your business.

Property Insurance

Property insurance coverage protects your business property against unforeseen risks. It covers damages to your business building as well as any furniture and inventory inside it. The loss of property may be due to theft or a disaster such as fire or a storm.

General Liability Insurance

In the course of business, you may cause injury to a visitor or an employee who may sue you. Also, you may get sued for defamation, advertising injury, or slander, and in any of the cases, you will have to hire lawyers to defend you in a court of law. With a liability insurance, all the expenses may be covered by your insurance policy.

Errors and Omissions Insurance

Errors and Omissions policies cover for any mistake you may have made either through omission or as an error which caused harm to a third party. It is mainly for companies who are service based.

Worker’s compensation Policy

This policy covers any medical expenses in a situation where an employee gets injured in their place of work.

With the above coverage options, you can choose the policies you want. We provide coverage for businesses throughout Texas and Colorado. For further information, feel free to contact us at Main Street Independent Insurance Agencies Inc. in Ft. Worth, TX.