How can workers comp insurance benefit me and my company?

Any business owner in the Coppell, TX area will need to have several forms of insurance. One form of coverage to consider is worker’s comp insurance as it can benefit a company in several ways. 

Benefit to Employees

One of the advantages of getting a worker’s comp insurance policy is that it is a benefit for your employees. Being able to protect your team is something that all business owners should take seriously. One great way to do this is by getting worker’s compensation. This employee benefit will ensure that your team members will be financially covered and protected if they are injured while working on the job. While it is not required by law in Texas, it is still a valuable benefit that employees will appreciate.

Limits Liability Risk

An added benefit of a worker’s comp insurance policy is that it can limit your liability risk. If you have a team member that is injured while working, they will rightfully want to receive coverage for their injuries sustained and lost wages. If you do not have a worker’s compensation policy in place, the next place they will look is to pursue the business and owners for compensation. With worker’s compensation, you do not have to worry about this risk.  

Any business owner that has at least one or more employees in the Coppell, TX area should carefully consider their worker’s compensation insurance needs. When shopping for this insurance, it is easy to be confused by all of the options available. Fortunately, the team at The Select Insurance Agency can make this process easier for you. When you speak with The Select Insurance Agency, the team of insurance professionals will explain your options and help you to get into a policy that is ideal for your situation. 

How Will Commercial Insurance in Texas Protect Me?

Owning a business in the Coppell, TX area is a dream many people share. If you are going to own a business in this area, you could benefit from the great local economy. While it can be a great area for you to start and manage a business, there are still some risks that exist for any business owner. One way to protect against these risks is by getting a commercial insurance. A quality commercial insurance policy can protect you and your organization from several waves.

Protect Business Assets

If you are going to start a business here, it is important that you protect your company’s assets. One great way that you can do this is by getting a commercial insurance policy. When you do get this form of insurance, it will ensure that you have the insurance protection necessary to repair or replace your core assets. This could help to ensure you remain solvent if you do happen to lose a valuable asset. 

Gives Liability Protection

Another benefit of getting a commercial insurance policy is that it will give you valued liability protection. A business owner will be taking on some liability risk on a daily basis. If you have a customer that gets sick or injured through the use of your products, you could be found liable. Fortunately, your commercial insurance will give you valuable protection in these situations.

Ultimately, any business owner in the Coppell, TX area needs to get a quality commercial insurance policy to protect their organizations. When you are looking for insurance, you should contact the team at The Select Insurance Agency. When you speak with The Select Insurance Agency, you are going to receive the support that you need to choose a quality insurance policy that will provide your company with the right protection. 

3 Things You Need To Know About Rec/Toy Insurance

Recreational toys are a great way to spend time with friends and family and make good memories. However, this fun can’t be complete unless your recreational vehicles are properly insured. At The Select Insurance Agency serving Coppell, TX we understand that life is better enjoyed when you can have peace of mind. Keep reading to learn 3 things you need to know about rec/toy insurance. 

It Is Required In Most States

In order to operate certain recreational vehicles, state law may require the vehicle to be insured. These rules are put in place to better protect you, the owner, as well as anyone who may use your vehicles, or anyone who may be involved in an accident with your vehicles. In order to best understand your state’s rules concerning this, you will want to sit down with a knowledgeable insurance professional to discuss which coverage you need. 

It Saves You Money In The Long Run

Many people want to avoid insurance coverage in an effort to save some money. The truth is, though, in the long run not having insurance can cost you far more money. If your recreational vehicle is involved in an accident, you will be responsible for the costs of repair or replacement. In addition to this, if your vehicle causes injuries to another person you could be held liable for their medical expenses. If this type of incident turns into a legal battle your finances could be in jeopardy. 

It Protects Your Investments

You have invested money into your recreational toys. Keeping them protected under an adequate insurance policy will protect this investment. Adequate insurance coverage also protects your other assets by safeguarding you from liability. 

If you would like to learn more about recreational toy insurance, please call our friendly staff today at The Select Insurance Agency serving Coppell, TX. 

Dispelling RV Insurance Myths

Before purchasing RV insurance in Coppell, TX, it’s important to know the facts. Misconceptions about RV insurance can cause you to make serious mistakes in your coverage. By working with an agent from The Select Insurance Agency, you can ensure you’re getting accurate coverage. We’ll help dispel RV insurance myths so you’ll have the facts to make wise RV insurance decisions. Here are some of the most common myths people believe about RV insurance.

Myth: Your RV is covered by your home or auto insurance. 

Fact: RVs require their own insurance policy. Your home insurance may offer some protection while your RV is parked on your property. It won’t, however, protect you on the road. If you plan to use your RV for road trips or vacation travels in Texas, you’ll need a separate RV policy.

Myth: Your RV insurance protection can be the same as your auto insurance. There’s no need for specialized RV coverage.

Fact: RV insurance offers additional coverage above what’s offered by auto policies. This is because RVs have distinct protection needs, both at home and on the road. An investment as costly as an RV should have as much protection as possible. As an RV owner in Coppell, TX, you can take advantage of the following specialized coverage:  

  • Full Replacement Cost Coverage
  • Full-Time RVer Coverage
  • Emergency Expense Coverage
  • Personal Effects Coverage

Myth: Minimum liability insurance is enough to protect you against RV accidents.

Fact: Although Texas requires that RV drivers carry minimum liability coverage, minimum coverage won’t protect you against serious accidents. As RV’s have the potential to cause extensive damage to others in an accident, we recommend you purchase more than just the minimum coverage.

To get an RV insurance quote or purchase an RV policy, call or visit The Select Insurance Agency today.

How do boat insurance claims work?

The summer season in Coppell, TX can be fun, especially when it involves getting in the water. However, things can quickly turn ugly and leave you stranded for hours waiting for help, and the situation can either worsen or get better depending on whether you have boat insurance or not. At The Select Insurance Agency, we recommend buying boat insurance before getting into the water, whether it is a fishing boat, speed boat, or sailing boat.

Making a boat insurance claim

Whether your boat is sitting at home or spends most of its time in the water, it is at risk of getting involved in accidents, theft, or damages. If you have boat insurance, filing a claim when the unexpected happens is the first step into recovering from damage or loss. You can file claims for the following perils:

  • Boat theft while in storage
  • Collision with another boat
  • Hitting an underwater object
  • Storm damage
  • Boat theft while anchored

How to make a claim

The first and probably an essential thing to do is to notify your insurance company. If it is an accident that happened on your watch, make sure to narrate the whole incident while it’s still fresh in your mind. Be sure you have your name, address, phone number, and other personal details with you as your insurance agent will enquire and collect all this information before reviewing your coverage.

Your insurance company will then initiate the compensation based on your limits and make the necessary replacement or repairs based on the damage. Minor claims can be handled over the phone and reimbursement made via online transfer depending on the agreement and terms of service. In this case, your insurer does not need to come to you physically.

Visit our Coppell, TX offices if you still have further questions on how to make a boat insurance claim or call and speak to our agents at The Select Insurance Agency.

What Does Umbrella Insurance NOT Cover?

Umbrella insurance is mainly there to help you cover liability concerns in Coppell, TX. That is, you’re not going to be calling your umbrella insurance provider to cover your own damages in the event of an injury or a house fire, that will most likely be covered by your other policies, medical, home, auto, etc. Umbrella insurance is primarily there to provide protection in the event that other people’s injuries or damages exceed the limits of your other policies.

That is, umbrella insurance isn’t quite a safety net to catch everything, but a safety net to catch the most expensive costs involved with insurance.

Your home is going to be insured for what it’s worth, plus rebuilding costs if you have that covered. Your own injuries are unlikely to exceed a certain amount. But when it comes to other people’s damages and losses, that’s something that is very difficult to plan for. If you are found at fault in an incident costing hundreds of thousands of dollars in damages, that’s when umbrella insurance kicks in.

In other words, umbrella insurance is there for when your primary policies run out due to large liability claims. It’s unlikely that you’re going to exceed your limits when making a claim on your own damages, but when other people’s person and property are involved, there’s no telling what it might cost.

Exclusions on your umbrella policy may vary from provider to provider, so you’ll want to read the fine print, check your policy, and call your insurer with any questions you have.

If you’re shopping around for umbrella insurance in Coppell, TX, get in touch with The Select Insurance Agency. The Select Insurance Agency will be able to connect you with the protection that you need for peace of mind.

How Does Toy Insurance Work in Coppell, TX?

If you live in Coppell, TX, and own a motorcycle, ATV, boat (or watercraft), recreation vehicle, or motorhome, you may need toy insurance to keep yourself as protected as possible in the case of an accident. The Select Insurance Agency wants you to have all of the information you need about this policy and when it’s right for you. 

How You Use Your Toys 

When it comes to vehicles like a motorcycle, you know that you need coverage when you’re on the road. But what if you’re just taking your bike out to the backyard? What if you just use your ATV with your kids off the beaten track? It’s easy to think that you don’t need standard insurance if you’re just using your vehicles for fun. However, you’re still liable if an accident or property damage occurs, which is a more common occurrence than you might think in these situations. 

What Does Toy Insurance Do?

Toy insurance covers you much like a regular insurance policy would in the case of a collision or bodily injury. You can choose from several different kinds of toy insurance, depending on the type of coverage you need. In some cases, you may only want liability, which would be available for the other party if you’re deemed at fault for an accident. In other cases, you may want more comprehensive insurance so you always know you’re covered. 

Coppell, TX residents have every right to have as many toys as they want. After all, that’s what makes your neighborhood that much more fun. But it’s important to keep safety in mind in addition to the joy your toys can bring. Contact The Select Insurance Agency today if you want to learn more about available policies for you. 

Is RV Insurance Required In Coppell, Tx?

At The Select Insurance Agency in Coppell, TX, we offer RV insurance. So, if you’re planning to buy or rent an RV, you should also prepare to purchase RV insurance because it is mandatory in Coppell, TX. Quite frankly, we are disturbed that up till now, many RV owners still purchase RV insurance only because it is mandatory.

So, they end up going for the minimum coverage. Apart from purchasing an RV insurance policy because it is required, we have provided you several reasons to purchase an insurance policy for your recreational vehicle.

What happens if your RV gets stolen, burnt, or vandalized?

Have you thought of the possibility that your treasure could get vandalized, stolen, or burnt? Nobody hopes for any of these but they happen. And that’s why it is smart to protect your investment against any of them. It could even be worse if you’re still paying for it and it gets stolen. The best time to insure your vehicle is now.

What if an uninsured driver runs into you?

You are just riding your vehicle slowly to your new camping location and everyone is having fun and all of a sudden, a careless driver rams his vehicle into you. Yes, it was established that he’s at fault, so he will fix your RV. But the silly guy didn’t purchase any insurance and he doesn’t have that amount of money.

So, what will you do? Sue him? Wait until he can raise some money? Take over his rickety vehicle? RV insurance protects you from uninsured and underinsured drivers. That’s why you should purchase a policy now.

You could run your RV into another vehicle

You may miscalculate and ram your vehicle into a stationary object or another vehicle. After all, no one is above mistakes. In that situation, you will fix the other motorist’s vehicle, pay the medical bills of the occupants of the vehicle, and fix your own vehicle later. Can you pay such amount of money from your pocket?

This is another reason to consider an RV insurance policy. By now, you should have realized that purchasing an RV insurance policy is in your interest. Don’t let what gives you pleasure become the cause of your bankruptcy.

Contact us at The Select Insurance Agency, serving Coppell, TX, and we’ll help you choose the best RV insurance policy.

Is umbrella insurance just for the wealthy?

Coppell, TX is a great place to live and buy a home. According to Niche, it is the best place to live in the Dallas Fort Worth Area. 73% of the residents own their own homes. Umbrella insurance is excess liability insurance that can be added to a policy that you already have like a home or auto policy. The Select Insurance Agency has been serving the DFW Metroplex for 15 years and as an Independent Insurance Agency, we are able to offer you products from a variety of carriers.  

The answer to the question is umbrella insurance just for the wealthy is no, you do not have to be wealthy in order to benefit from umbrella insurance. When you have home or auto insurance you have set liability coverage. If you have assets, this coverage may not be nearly enough to protect you. If you haven’t reviewed your coverage in a while or had your insurance agent review your coverage you could end up with a very sad wake-up call in the event that you have an accident or someone is injured on your property. 

What umbrella insurance does is to add a layer of liability protection above and beyond the limits on your original policy. In most cases, an umbrella policy will add between one and five million additional dollars of liability protection. With the cost of legal litigation and the size of judgments, if you have only basic coverage, you could end up losing all the assets you have worked so hard to accumulate. 

Coppell, TX is a great place to live but even in great places, bad things can happen. At The Select Insurance Agency, we would love to sit down with you and discuss how right an umbrella policy could be for you even if you are not wealthy. GIve us a call or stop by and let us quote this important coverage for you. 

Three common misconceptions about life insurance to be aware of

Life insurance is an essential product that protects the financial future of your family. At The Select Insurance Agency, we offer a variety of options for life insurance policy purchases in Coppell, TX.

Unfortunately, a lot of consumers are misled by common misconceptions out there regarding life insurance. The following are three common misconceptions about life insurance to be aware of. 

A person who is healthy and young doesn’t need to buy life insurance.

You never know when accidents or unexpected medical issues can come up. You shouldn’t assume that you won’t experience one of these tragic events just because you’re young and healthy. Also, if you’re young and healthy coverage is probably going to cost very little and be easily affordable for you. 

Life insurance is very expensive.

If you start doing some research, you’ll probably be pleasantly surprised by how relatively inexpensive life insurance is. Those who are young and healthy can often buy term life insurance coverage for only around $10 a month. This is not a lot of money to have to pay considering how much your family could benefit from your coverage in the event of an unexpected death. 

If my employer provides life insurance, I don’t need additional coverage.

A lot of employers offer life insurance coverage for their employees. However, you really need to look at the details of any employer-sponsored life insurance coverage. This coverage might not be enough. Calculate the amount of life insurance your family needs to evaluate how adequate the policy you get from your employer is. 

You should research your options as much as possible before buying life insurance. You can consult us at The Select Insurance Agency for information on life insurance in Coppell, TX. Visit our website or give us a call to learn more.