Commercial Vehicle Coverage Protects Workers and Company Liability

Why Invest in Quality Commercial Vehicle Insurance?

Like many others, your business may rely on several vehicles for deliveries, goods transporting, or field sales activities. During these operations, accidents can happen, potentially damaging property or causing harm to individuals. Commercial vehicle insurance is designed to cover these liabilities, providing your business with financial protection against unexpected expenditures. At All-Tex Insurance in Granbury, TX, we can clarify your queries about commercial vehicle coverage and illustrate how it helps your business.

Understand Your Commercial Vehicle Coverage

Even if you’re familiar with personal auto insurance, the usage of vehicles in a business capacity calls for a distinct type of insurance. Commercial vehicle insurance provides extended coverage for liabilities arising from damage to others or their property while an employee operates the vehicle on business duties. Commercial insurance typically covers delivery vans, work trucks, company cars, and other vehicles involved in your daily business operations. It also includes coverage for collision and comprehensive coverage against theft, vandalism, and other risks.

Why Do You Need Commercial Vehicle Coverage?

Commercial vehicle insurance primarily safeguards against liabilities, such as bodily injury, property damage, medical expenses for drivers & passengers, and uninsured or underinsured motorist accidents. In case an employee accidentally injures someone with the vehicle or damages a building or another vehicle during business activities, it will cover these liabilities. If an accident occurs causing harm to the driver or passengers, insurance covers the medical expenses – no matter who was at fault. Therefore, coverage for commercial vehicles is an investment in your company’s financial security.

Choose All-Tex Insurance for Commercial Vehicle Coverage

Our agents in Granbury, TX, have the expertise and knowledge to guide you in obtaining the right coverage for your specific business needs. We offer a wide range of insurance products to cater to your home, auto, business, motorcycle, RV, boat, and life insurance needs. Contact All-Tex Insurance today to discuss a no-obligation quote on commercial vehicle insurance and protect yourself against possible financial challenges.

The Lifeline Commercial Insurance Can Provide Following a Disaster

As the owner of a business, you cannot predict the future. You may have a good handle on your employees, balance sheet, customer base, and so on, but you never know what tomorrow will bring. Disasters could come at any moment, bringing forth interruptions to your business, destruction of your inventory, technology, equipment, and more. Serving the Granbury, TX area, we at All-Tex Insurance are here to educate you on the lifeline commercial insurance can provide.

Assistance With Business Interruption

One of the biggest benefits of commercial insurance is that you can purchase what is known as business interruption coverage. This type of insurance is in a position to help you if your business has to close for some time. Say you are operating a retail store and a hurricane shuts down your business for a few days. That couple of days of downtime can be paid out to you based on your financial data in the form of an insurance loss due to business interruption.

Assistance From a Disaster

Disasters can cause damage to your property, equipment, ability for folks to work, and so on. When disasters strike, commercial insurance is also there. These can help you in the event you are liable for any damage, have property damage, and so on. You never know what tomorrow will bring, and commercial insurance gives you that coverage.

Consult With Us

It is critical to know what coverages a commercial insurance policy will have. You need to understand the coverages, exclusions, and limits so that you know if the policy is necessary and if it will give you the coverage you need. Our team at All-Tex Insurance serving the Granbury, TX area can help you understand all this and more about commercial insurance.

How commercial insurance can save your small business

Every business faces tremendous risks, but small businesses have fewer resources to help them survive these risks. With the correct commercial insurance, many of the risks are survivable. Having commercial insurance that fits your particular business is important. At All-Tex Insurance in Granbury, TX, we will get to know your business, so we can serve you better. 

Benefits of Commercial Insurance

Property insurance

Commercial property insurance is more inclusive than home property insurance. It covers not only the physical building if you are the owner but also the content of the building where you do business and the things you carry around in a vehicle you use for business. Depending on the kind of business that you have, it covers machinery, electronics, office equipment, raw materials, tools, display units, and inventory. It can even cover your records. 

Liability coverage

Getting sued is one of the biggest risks any business faces. Approximately one in three businesses will get sued every year. It can be an unhappy customer, a customer who has got injured at your business or by your product, or a disgruntled employee. Liability insurance will help to pay for any judgment against you and even legal fees.

Business interruption insurance

When your business is forced to close due to a covered peril, it can cause a lot of anxiety. It also stops the flow of income into your business, which may lead to your losing employees. It may be difficult to survive. If you have business interruption insurance, it can provide the cash that you need to keep your bills up to date and your employees paid. It can make the difference between surviving and closing your doors.

Reach Out To Us

Contact All-Tex Insurance in Granbury, TX when you are ready to protect your business with commercial insurance customized to your business. 

Is Worker’s Compensation Covered in Commercial Insurance?

Worker’s compensation is a form of insurance that provides payments to an employee who’s developed a work-related injury or an illness. When you’re working in a risky environment where harm is likely to occur, it helps to have a sense of financial security that backs the workers. At All-Tex Insurance, we’re providing the people of Granbury, TX with an insurance plan that covers worker’s compensation in a fair and comprehensive way. So is worker’s compensation provided in commercial insurance

What is Commercial Insurance?

This type of coverage is primarily for business owners and corporate entities that want to protect business interests. Commercial insurance will usually cover property damage, robbery, theft, and liability. Depending on the agency and the commercial insurance package that you purchase, it also covers worker’s compensation for employees. 

What is Covered in a Worker’s Comp?

It’s common for worker’s compensation to provide payment for personal injury cases. This includes physical traumas like sprains, strains, concussions, cuts, burns, or fractures. Worker’s compensation should cover workplace accidents from things like slips and falls. It also should provide for medical expenses, lost wages, and recovery costs for the worker. If there are specific policies that you’re wondering about a worker’s compensation package, you should consult the insurance agent.

Reach Out To Us

If you are interested in purchasing a worker’s compensation plan from All-Tex, give us a call or visit our office in Grandbury, TX  Our team of experienced professionals would love to answer any questions or concerns about our insurance policies. You can tailor your insurance plan to make sure that it meets your specific needs. 

Four types of commercial insurance your company may need

When you purchase commercial insurance for your company, you need to decide which types of coverage your company needs. At All-Tex Insurance, we can assist business owners in Granbury, TX with evaluating their commercial insurance options. 

You need to know what types of commercial insurance are available.

The following are four of the most common types of commercial insurance coverage:

Commercial liability insurance

Commercial liability insurance covers costs your company has to face if a lawsuit is filed against you. Liability insurance provides coverage for many different types of expenses that can come up, including "advertising injury", medical expenses resulting from injuries, and property damage.

Commercial liability insurance is one of the most basic types of coverage that is typically included on all commercial insurance policies. 

Commercial auto insurance

If you use vehicles for business operations, it’s essential that you include commercial auto insurance in your commercial policy. You are not supposed to use personal vehicles for business operations unless you have purchased commercial auto coverage. 

Workers compensation insurance

Companies with employees often need to purchase workers compensation insurance. Whether you are legally required to carry workers compensation insurance depends on factors including the state in which you do business and the number of employees on your staff. 

Business interruption insurance

Business interruption insurance compensates you if your income flow is interrupted due to an event such as a storm or natural disaster that shuts down your commercial facility. 

Give Us A Call

If you have questions about the types of commercial insurance that are available, we’re here to answer them at All-Tex Insurance in Granbury, TX. Rely on our insurance agency to get the coverage that your business needs. 

Debunking Common Commercial Property Insurance Myths

When it comes to commercial property insurance, there are a lot of myths floating around. Unfortunately, these myths can lead business owners to make costly mistakes when it comes to protecting their property. All-Tex Insurance in Granbury, TX provides this guide to debunk some of the most common commercial property insurance myths so that you can make informed decisions about your coverage.

Commercial Property Insurance Myths: What You Need To Know

1. Myth: Commercial Property Insurance Is Too Expensive

There’s no denying that commercial property insurance can be costly, but the price tag is often worth it. This type of coverage can protect your business from various potential disasters, including fires, theft, and severe weather. While you may be tempted to save money by skimping on your coverage, this could cost you more in the long run if you file a claim.

2. Myth: My Business Is Too Small to Need Commercial Property Insurance

Many business owners assume that commercial property insurance is only for large businesses. However, this isn’t the case. Even if you have a small business, it’s important to have adequate coverage in place. Your business property is likely one of your most valuable assets, so it’s worth protecting.

3. Myth: All Commercial Property Insurance Is the Same

When it comes to commercial property insurance, there is no one-size-fits-all solution. The type and amount of coverage you need will depend on various factors, including the size and location of your business, the value of your property, and the types of risks you face. It’s important to work with an experienced insurance agent to find a policy that meets your specific needs.

4. Myth: My Landlord’s Insurance Will Cover My Business Property

If you’re renting commercial space, you may assume that your landlord’s insurance will cover your property. However, this is usually not the case. Most landlord insurance policies only cover the building itself, not the contents or equipment inside. That means if your business property is damaged or destroyed, you could be left to foot the bill.

If you’re a business owner, it’s important to make sure you have adequate commercial property insurance in place. Don’t let myths about cost or coverage lead you to make costly mistakes. Work with an experienced All-Tex Insurance agent in Granbury, TX to find the right policy for your business. Call us today to get a free quote.

How much commercial insurance do I need in Texas?

Unlike most states that require small businesses to carry workers’ compensation insurance, Texas does not. However, just because it isn’t required does not mean that you shouldn’t carry any workers’ compensation coverage, as it helps pay for the medical bills, legal fees if sued, and other expenses associated with an employee being unable to work due to a workplace injury or illness. The only exception to the rule not requiring workers’ compensation insurance is if you contract with a government entity. Similar to other states, Texas does require commercial auto insurance for any business-owned vehicles with at least the below minimum coverages:

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

If you own a trucking company, you may be required to have additional insurance to comply with government and state regulations.

In addition to workers’ compensation and commercial auto insurance, businesses in Texas can also opt for additional coverages for better protection. As an example, cyber liability insurance should be purchased by any business at risk of a cyber attack because it stores protected information such as credit card numbers, social security numbers, or healthcare data that a threat actor could easily exploit.

With so many options for commercial insurance, it can be hard to know what policies your business needs. Luckily, the team at All-Tex Insurance in Granbury, TX is ready to assist. With years of experience in the insurance industry, we know the complexities better than most. We can customize a commercial insurance policy that best protects your business and you from liability. 

Types of Commercial Insurance

If you operate a business within Granbury, TX, getting the correct type of commercial insurance will be a crucial part of helping your business succeed. Commercial policies help you protect your employees, your business’s property, and your customers. Deciding on the right type of coverage may unfortunately not be an easy task, an area that All-Tex Insurance can help with. Below, we discuss types of commercial insurance to consider purchasing.

Property Insurance

Property insurance protects your buildings and the contents within when covered perils arise and cause damage or losses. Examples of these hazards include fire, theft, or hail. When either of these happens, property insurance covers your costs of property repair and replacement costs.

General Liability

General liability protects you when your customers are injured at your workplace. It will help you cover the treatment costs and legal fees when you are sued for harm caused. In addition to this, general liability will also come in handy when you face claims related to advertising injury, including libel and copyright infringement lawsuits.

Commercial Auto Insurance

Commercial auto insurance will come in handy when you own vehicles registered in your business name. If you or your workers get into an accident while delivering products, commercial auto insurance will cover the costs of vehicle repairs and replacement.

Worker’s Compensation Insurance

If you have more than one employee in your business, worker’s compensation insurance will help you protect your labor force. When your employees get bodily harm during business hours, this policy enables you to pay for the rising consultation or treatment expenses.

Cyber Liability Insurance

Cyber liability insurance provides coverage when your business experiences data breaches. It will help you pay for costs such as client notification expenses, monitoring costs, and legal fees when your stakeholders sue you.

Professional Liability Insurance

Professional liability insurance protects you from errors and omissions. This policy will prove helpful when you offer services, with companies such as legal practices, accounting firms, and real estate practices often benefiting from its protection.

If you need any of the listed commercial policies to protect your Granbury, TX business, consider giving All-Tex Insurance a call today.

Understanding Common Commercial Insurance Risks

Some entrepreneurs in Granbury, TX have avoided commercial insurance policies for many years to cut operational expenses. However, as All-Tex Insurance has realized that those who have avoided such policies do not fully understand the commercial risks they face in their business operations. Here are some of the possible commercial insurance risks that should compel you to have business insurance for your company. 

Employee Injuries

Every business has workers who play a central role in helping the company to handle its operations. Multiple risks face such employees as they work, and any injury could have devastating impacts on the business. Without commercial insurance to cover employee injuries, the company will have to foot the medical bills and associated living expenses. 

Loss of Income

Many uncertainties and risks can easily expose a company to significant loss of income. Sometimes such problems as power outages can lead to extended downtimes that expose a company to multiple losses for weeks. Commercial insurance can help replace all the lost income during business downtime, which means a company will not suffer losses in its business operations. 

Advertisement Lawsuits

Companies advertising their products and services are vulnerable to possible lawsuits due to breach of trademarks, copyright issues, and sometimes defamation claims. These issues are likely to happen at any given time, which means that a company will be losing huge sums of money if there is no advertising liability coverage. Commercial insurance is essential in covering for advertisement lawsuits, thereby helping a company avoid huge financial losses. 

As a prominent entrepreneur in Granbury, TX, there are many commercial risks that your business faces. Having commercial insurance coverage from All-Tex Insurance protects you from such risks and ensures continuity in your entrepreneurship. Contact our office to get started with a quote.

Three situations where your commercial insurance needs change

One of the most important things you need to do regarding your commercial insurance needs is to reevaluate them over time. Your company’s insurance needs can change as your company changes. 

At All-Tex Insurance, we provide commercial insurance. The following are three situations where your commercial insurance needs change in Granbury, TX.

Changing your commercial facility location

Property insurance coverage is an important aspect of a commercial insurance policy. If you change your facility location or purchase a new commercial facility, you may need to update your commercial property coverage. 

Are your facilities covered with commercial property coverage? If not, you need to update your policy. You should also know that your insurance provider will need to evaluate your company’s new property acquisitions if you want to enjoy commercial coverage on them. 

Developing new products

Whenever your company sells a product, you are subject to various liabilities. Even before you develop a new product, you should research the insurance needs that selling this product will entail. 

That’s why it’s important to reevaluate your company’s liability coverage needs whenever you develop and begin selling new products. 

Beginning to use a vehicle for company operations.

Business owners need to understand the need for commercial auto coverage. You cannot use personal auto coverage when you are using a vehicle for business operations.

Have you recently started using a vehicle to help you with deliveries, service appointments, or other business functions? If so, you need to make sure that your commercial insurance includes commercial auto coverage. 

Let us know if you are looking for commercial insurance coverage in Granbury, TX. We’ll help you find an appropriate policy for your changing needs at All-Tex Insurance.