Cyber insurance is an area of focus for many companies across the United States and the world. The reason for this focus is due to the risk never being so high in this particular space. Cyber risk exists everywhere, and we must be ready when threats emerge. Whether you are in Coppell, TX, or abroad, cyber insurance is a real need that adds value. At The Select Insurance Agency, we can answer all questions you may have.

Who Needs Cyber Insurance

Cyber insurance is excellent for any company that handles or stores customer data. Even if you have proprietary information about your business stored on a network of any kind, it is also valuable.  

The Coverage it Provides

There are multiple levels of coverage that you get with a standard cyber insurance policy. The first is that it will help with the cost of notification to customers when there is a data breach. A big cost is associated with this, and cyber insurance covers how much you need to put out up to your policy limit.

Legal defense is another factor you need to take into account. Usually, with a cyber breach, legal costs roll in with mitigation and potential lawsuits. Finally, liability insurance can assist in the cyber insurance space. If you are liable for loss of customer data, you may face penalties and need to pay out to customers for the cost.

DFW companies must take cyber insurance seriously and know what it covers and who needs it. The Select Insurance Agency team can help provide education on cyber insurance and where it makes sense for your organization.

If you have a business in the Coppell, TX area, The Select Insurance Agency can help you get the workers’ compensation insurance coverage you need. Many companies are required to have this coverage to protect their employees, and you don’t want to be caught without it when you need the protection it offers. Working with trusted agents can help you see what coverage is required.

Depending on the business, you may need to cover all your employees, or you may not have to provide this type of coverage for them. The most important thing is to ensure you’re not excluding employees who are legally entitled to this protection. You also want to ensure that your policy meets your industry’s guidelines and follows the proper rules and regulations.

Understanding workers’ comp and what it offers isn’t always easy, especially if you’re starting a new business or have taken over an existing one. Fortunately, our professional agents are here to help. We’ll discuss the coverage you need, whether you already have an existing policy, and any changes you might want to make. Then you and your workers can have peace of mind, knowing that on-the-job injuries will have coverage and protection.

The Select Insurance Agency is here if you’re in the Coppell, TX area and looking for an agent to help you with your workers’ compensation insurance needs. Reach out to us today, and let’s talk about the coverage requirements for your business. Then you can make informed choices about workers’ comp and feel comfortable with the policy you have to protect your workers in the event of injury and keep your company covered for the future.

Unlike most states, Texas law does not require Coppell, TX business owners to purchase workers’ compensation insurance. However, when an employer chooses to purchase this indemnification, it limits the categories and amount of compensation that an employee may receive. These regulations are outlined in the legal code. 

Entrepreneurs who do not purchase coverage are referred to as nonsubscribers. They can be targeted by lawsuits for which they will be sought to pay damages and attorneys’ fees with practically no limit. You are also not able to use certain common defenses in a court of law, such as assumption of risk, co-worker negligence, or contributory negligence. 

 Your knowledgeable representative from The Select Insurance Agency can fully inform you of all the specifics of workers’ compensation insurance. Employers are required to post a notice that each worker has five days to elect whether to accept the provisions of their worker’s compensation or to retain their legal right to sue. 

If an employee waives their inclusion in this coverage, they will not automatically receive payment for their medical expenses or lost wages. An employee would be covered under your policy if they sustained the injury during the course of providing services or performance to the furthering of your business. This also includes traveling. This is voided by horseplay, intoxication by drugs or alcohol, criminal actions, or off-duty activity. 

We Can Provide Insurance Products and Services

The Select Insurance Agency can meet our clients’ indemnification needs in the areas of worker’s compensation, and we serve those who operate in the area of Coppell, TX. We invite you to contact us for more information about how we can assist you. 

If you own a business and have employees, it’s vital that you know everything about workers’ comp insurance. At The Select Insurance Agency, we provide workers comp insurance in Coppell, TX.

The following are three things you need to know about workers comp insurance. 

Workers comp insurance can protect your company financially.

If you don’t have workers comp insurance, you can face costs due to lawsuits against you from employees who were injured on the job. 

If you carry workers’ comp insurance, you are protected financially in the event of employee injuries. Without workers comp coverage, your company could be financially devastated by the costs of an on-the-job employee injury. 

Workers’ comp insurance can help your company to attract employees.

Carrying workers comp insurance shows prospective employees that you’re devoted to protecting the livelihoods of your staff members.

If you carry workers’ comp insurance, you may find it easier for your company to attract top talent when looking for new staff members. 

Workers’ comp insurance can help your employees return to work after an injury.

One of the most important things workers comp insurance can do is ensure injured employees get the medical treatment they need.

Getting needed medical treatment ensures your employees return to work as quickly as possible. This boosts your company’s productivity and ensures as high a rate of employee retention as possible. 

If you need workers comp insurance for your business in Coppell, TX, contact us at The Select Insurance Agency. We can provide you with the worker’s comp insurance you need for your business.