TXINS November E-News: Business Insurance Covers Your Risks, Ask the Agent, Agency Happenings, Texas Trivia Contest, and More!

Whether Big Business or Small Shop…
Business Insurance Covers Your Risks


Business insurance can be complex, and it takes an experienced insurance agent to help you get the right commercial coverage. You need an agent who can provide not just one portion of your business insurance needs, but all of your commercial coverage, from commercial vehicle insurance to professional liability coverage to workers comp.

Top Risks Businesses Face

  • Property damage from fire, storms, and accidents
  • Liability in many forms, including product liability, accident/injury liability, libel, malpractice, and professional liability or “errors and omissions” risks
  • Fraud, embezzlement, extortion
  • Cyber-crime and data loss

Every company, large and small, has unique risks. Some have workers who operate heavy machinery or drive vehicles while on the job, while others serve food and alcohol, or handle toxic substances. Doctors and hospital staff handle patients, body fluids, sharp needles, and equipment. Some employees handle sensitive documents, data, or money, potentially opening the door to business fraud. For this reason, every company needs commercial insurance coverage specifically matched to the risks of the enterprise.
Determining your risks and making sure you have the right commercial insurance in place requires an evaluation of a wide range of factors, including:

  • Your business needs
  • How you serve your customers
  • How many employees you have on staff
  • The materials or substances those employees handle
  • Whether your employees drive in the course of their work
  • The safety of your building, equipment, and processes
  • The security of your data and intellectual property
  • Risks facing your corporate officers

Types of Commercial Insurance Policies
Every commercial operation needs business insurance. The specific blend of coverage types you need for your business depends on many factors, such as whether your employees handle money, dangerous substances, sensitive data or expensive merchandise.
Your agent will be able to recommend a package combining the coverage types you need, tailored to your risk management concerns. For example, you may need some combination of the following types of commercial coverage:

  • General liability, contractor’s liability, or professional liability (errors and omissions)
  • Directors’ and officers’ liability
  • Malpractice insurance
  • Commercial property insurance
  • Commercial vehicle or commercial truck insurance
  • Contractors and builder’s risk coverage
  • Business interruption insurance
  • Landlord insurance
  • Commercial tenants insurance
  • Cyber-crime insurance
  • Workers compensation
  • Construction bonds

While you certainly might not need all of these coverage types to safely run your business, it’s nice to know you have a variety of ways to manage the specific risks your company faces.
Managing Risk in Every Aspect of Your Operations
One of the biggest challenges of risk management is simply assessing the potential problems your business may face so you can take the appropriate measures to reduce or eliminate those risks. If you run a commercial operation, there are several vital risk management strategies you can use to protect your business:
Spend some time identifying your company’s specific risks, from customer relations challenges to employee safety concerns, property risks, business interruption, and corporate fidelity. Identify the specific proactive methodology you want to implement to mitigate each risk. This step will help you to develop a multi-pronged approach to reducing risk that includes everything from workplace safety measures to security systems, employee education, and commercial insurance.
Work with a knowledgeable commercial insurance agent to choose the specific business coverage you need to reduce the financial impact on your enterprise in the event of accidents, injuries, property damage, fraud, and the other risks you’ve identified.
By assessing your business risks from multiple angles with a qualified commercial insurance agent, you can more adequately protect your company from the challenges that can undermine your company’s financial health.

Comparing Commercial Insurance Quotes
Unlike captive agents who provide specific coverage from one insurance company, TXINS agents work with many carriers. Our agents can meet all of your commercial insurance needs, even when you need speciality coverage, or several different policies from different carriers.
Your TXINS agent will review your business needs and help you evaluate the commercial coverage options that make the most sense for your organization. Your agent will also compare policies and quotes from multiple business insurance companies to find just the right fit for you. Our agents are devoted to helping you get just the right insurance for your business. Because of our many insurance company partnerships, TXINS agents can handle all of your business insurance needs out of one office, simplifying your business policies, and even finding you discounts.


 We Are Here for You 

Texas Insurance & Financial Services, Inc. is your trusted advocate. As an independent insurance agency, TXINS represents a wide network of A-rated insurance companies, which allows us to find the best insurance policy to fit your needs and budget. We don’t believe in cookie cutter policies and will customize a plan specifically for you. Your overall satisfaction is our top priority. That’s a promise.

TXINS offers complimentary insurance reviews to ensure you are getting the right coverage for yourself, your family, or your business. To schedule your review, contact us today at 800-541-9849 or via email. Together, we will ensure you are protecting what matters most.

The employees of TXINS are active members in our communities. Here’s a quick list of what we’ve been up to as well as what we have planned for the month.

  • The Georgetown office has moved! The new address is 1911 N. Austin Ave, Ste. 401 (behind The Jeweler).
  • The agency will be closed on Thursday, Nov. 24 and Friday, Nov. 25 for the Thanksgiving holiday. We wish all of our family and friends a wonderful Thanksgiving! We are thankful for your continued support and friendship.
  • Congratulations to the following TXINS staffers on their November work anniversaries: Karen Strode-1 year. We are proud to have you on the team!
  • Don’t miss the new Texas Trivia question below. Be one of the first people to email us the correct answer and win your very own Texas flag!

The ladies in the Needville office “backed the blue” by making and delivering special goody bags for the men and women who protect our community and work hard to keep us safe. From left to right: Janet Corson, Gigi Luedecke, Amber McDonald, and Allison Silvas. TXINS loves LEOs!

Don’t Get Trapped by Your Insurance Agecy

Independent Agents represent their customers and not the insurance companies. We don’t subscribe to the “one-size-fits-all” insurance model. If you want the best insurance to fit your unique needs, contact your TXINS agent today.

 Meet the TXINS Team
Kim Cole

Kim Cole joined the TXINS team about a year ago and her witty sense of humor and easy going nature was the perfect finishing touch the Georgetown team was looking for. We love her soft spoken Boston accent, stories from home, and visits from one of her many grandbabies. Her extensive knowledge and experience in personal lines insurance really strengthens our office’s ability to serve our clients better. We think Kim is “wicked awesome”!

To learn more about Kim, click here.

My small business has grown considerably in the past year and I need to hire two new employees to keep up with demand. What type of employee benefits package should I consider?  – Kenneth S., South Houston, TX

Dear Kenneth:

Congratulations on your business doing so well! We love to hear good news like that!

Having the right employees can make or break your business, so careful selection is important. At the same time, a potential employee needs to decide whether you’re a desirable employer to work for. One of the biggest factors that influence employee retention is great benefits.
No matter the size or type of business you have, an attractive employee benefits package can help provide security for your current and future employees. Some of the employee benefits to consider include retirement income, workers compensation, short term disability, long term disability, healthcare coverage, dental and vision plans, life insurance, identity theft protection, and paid time off. If you are a public company, or a company that is considering going public, your offering may include employee stock options as well.
Putting thought into your benefits program is important; not only because it can help you to draw top talent to your business, but it can also help your employees manage their health and wellness and provide financial protection in the event of disability.
The four most common types of employee benefits are:

  • Medical insurance: These plans can cover hospital visits, doctor visits, surgeries, prescriptions, and possibly vision and dental. As the employer, you will cover the majority of the premium.
  • Life insurance: If your employee dies, this benefit will provide financial payments to the employee’s named beneficiaries; these benefits can help that person’s family to cover funeral costs and ongoing living expenses.
  • Disability Insurance: You can choose to offer short term and/or long term disability insurance. In the event that your employee is injured or has a lengthy illness, this benefit provides payment during the period of time your employee cannot work.
  • Retirement Benefits: The most common type is a 401(k) which allows employees to deduct a certain amount of each paycheck to put towards retirement savings. Some businesses choose to match that deduction amount.

Some employee benefits are required by law. Employers who disregard these required benefits potentially face fines.

  • Social Security taxes: If you hire an employee, you must deduct social security taxes from that employee’s wages, pay the taxes to the IRS, and report the wages to the Social Security Administration (SSA). In return, your employee may receive Social Security and Medicare benefits later in life.
  • Unemployment insurance: For each employee, you must pay unemployment insurance taxes to your state government. Those fees are given to qualified unemployed individuals. Procedures and requirements vary by state.
  • Workers compensation: This is a type of employee benefits insurance that works for both parties. By agreeing to pay for injuries and illness that an employee may suffer on the job, you limit your risk of an employee lawsuit. Workers compensation is required by most but not all states; in states where it is required, typically companies that have over three employees must provide this coverage.

If you can’t afford the total package, your TXINS agent will help you assemble the best employee benefits solutions for your business and your workers.

Do you have a question for our agents? Email it to us! If we choose your question, we’ll send you a thank you gift! Be sure to include your mailing address and phone number in your email.

Learn Something New Every Day
– All major league baseball umpires must wear black underwear in case their pants split during a game.

– Leonardo Da Vinci invented scissors.

– Our eyes are always the same size from birth, but our nose and our ears never stop growing.

– November is National Peanut Butter Lovers Month. While peanut butter has always been a staple in the lunchboxes of children across the country, there is so much more you can do with this creamy (and sometimes extra chunky) sandwich spread. Check out these fun and delicious peanut butter recipes and let us know which one you like best!

Thanksgiving Travel Tips
Thanksgiving Day traditions often include sitting being with family, feasting on turkey and stuffing and sweet potatoes, and savoring pumpkin pie, all made using grandma’s secret recipes. For many, maintaining this tradition means traveling, which makes the Thanksgiving holiday one of the busiest travel times of the year. If you plan to brave the roads or the rails or the skies this Thanksgiving,here are a few travel tips that could help make your trip a little smoother.

By Plane
– Avoid traveling the Wednesday before or the Sunday after Thanksgiving
– Check in for your flight online 24 hours before your scheduled departure time
– Download your boarding pass on your phone and print a backup copy (just in case)
– Pack light carry-on luggage

By Car
– Monitor the weather to avoid driving in unsafe conditions
– Pack plenty of snacks and bottled water
 -Fill up your tank on Thanksgiving Day…gas is usually cheaper
– Charge all mobile devices before leaving home and don’t forget to pack a car charger
– Have a Plan B travel route in case of unforeseen delays or accidents

No matter how you travel, be polite and courteous to others. Thanksgiving travel is stressful enough…keeping a smile on your face and sharing a kind word is a great way to share the love this holiday season.

We LOVE Referrals!

Congrats to Wanda Eiteman of Needville, TX, our October Referral Program drawing winner! Thanks for your referrals, Wanda!

If you love Texas Insurance & Financial Services, Inc., tell a relative, friend, or co-worker about us. When they call to receive a quote make sure they let us know that you referred them.

As a thank you, you’ll receive a surprise gift and will be entered into our monthly $50 gift card drawing and our annual Grand Prize drawing for a $1,500 gift card!!!

(Grand Prize drawing will be held on December 1, 2016.)

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