Property and Casualty Insurance in North Texas
Typically, insurance certificate management takes a backseat to creation of leases and contracts pertaining to liabilities – that is until a loss occurs. This often overlooked function is just as crucial to the success or failure of a company as the tens of thousands of dollars spent on legal liability precautions. Companies often taking for Continue Reading …
Should I purchase the Loss Damage Waiver offered by the rental agent when I rent a vehicle? This is a great question, and one that our customers ask frequently. Whether you rent a vehicle for personal use while on vacation, or as a substitute while your vehicle is out of commission for repair or service, or for business use while out of town, Continue Reading …
Hiring or Sending Employees to Work in Other States If you hire or send employees to work in states other than Texas – or think you might do so in the future – your workers’ compensation coverage may need a do-over. When an employee is injured in another state, he or she may have the option of claiming benefits under Texas law or under Continue Reading …
The experience rating modifier is the one area where an employer’s efforts can significantly reduce insurance premium cost. Experience rating is the interaction of claims management and workers compensation insurance pricing. An organization that controls its losses also controls its experience modifier and ultimately is responsible for higher or Continue Reading …
In today’s business environment, selling a company is a key component to a competitive strategy. At the same time, such major transitions create a wide variety of challenges, including insurance and risk-management issues such as products exposure. Before you exit your business, it is imperative to receive proper legal counsel on how laws require Continue Reading …
Representations (Reps) and Warranties insurance has been available in the domestic insurance marketplace since the mid-nineties. The insurance is designed to protect the policyholder against damages suffered as a result of breaches of the representations and/or warranties contained in a purchase and sale agreement (P&SA). The policy can be Continue Reading …
Why would a company decide to go bare on Workers Compensation Insurance in Texas? Cost? Because it’s not required? A bad memory of comp in the 1980’s? Whatever the reason may be, the reasons to carry workers compensation are much more compelling that the reasons to carry occupational accident. If cost is your issue, you need to Continue Reading …
Many types of employees are subject to federal workers' compensation laws that prescribe compensation for their injuries. These laws generally provide a broader range of benefits or legal remedies than are available to an employee under a state's workers' compensation law. The Texas workers' compensation law specifically exempts persons covered by Continue Reading …
How much insurance do I need on my building? This is a great question, and one that our customers ask frequently. Your commercial property policies should have an amount of insurance that is sufficient to either rebuild your building (“replacement cost coverage”) or purchase a similar building at another location suitable for your business Continue Reading …
Should we purchase directors and officers liability for our privately held company? That’s an excellent question, and it’s a question asked by many directors and officers of privately held companies like yours. It’s important for you to understand the many risks you face as directors and officers of a privately held company, and how these Continue Reading …