What liabilities do homeowners face?

During your daily routine at home, you possibly don’t think much about the different potential liabilities you are accountable for within the very same building that you and your family rely on for comfort and shelter. But there are many accidents that could happen to others within your home that would result in medical bills and damages and that you, as the homeowner, could be liable for. These incidents could take money out of your savings, retirement fund and college savings plans unless you have the appropriate insurance to cover them.

Potential Liabilities as a Homeowner

Here is an idea of what these potential liabilities could consist of:

1. Indoor injuries: If a guest or visitor to your home is injured while on the premises by trip and fall over a loose floor tile, you could be liable for both damages and medical expenses.  The costs of these expenses could be extremely high and may even include recompense for loss of work.
2. Miscellaneous injuries: Visitors to your home could be injured in your yard or garden, around or in your pool, within your storage shed or even by your dog. In fact, your dog could bite someone who isn’t even on your property. Similar to the other accidents we mentioned, this would fall under a homeowner’s liability.

Continue reading "What liabilities do homeowners face?", contact us at (866) 851-5220 to learn more about Texas Homeowners Insurance or get a free home insurance quote.

How to Save Money on Your Business Auto Insurance Policy?

A business auto insurance policy protects your business from financial responsibility in the event of a business related vehicle accident.

If you are using a vehicle for commercial use, you must-have business auto insurance. But just because you have to have the coverage, that doesn’t mean that you don’t want to find a way to spend less on it.

Here are five tips to help you save money on your business auto insurance policy without sacrificing your coverage:

1. Hire safe drivers: Your insurance premiums will go up considerably if you hire a driver with points against their license because they pose a greater risk of accident to your company. Instead, make sure you hire employees with clean driving records.
2. Mandatory training: Making safe driving classes mandatory for your employees will show you insurer that you are serious about safety and will train them to act properly when on the road. This will help reduce the risk that they pose and will help reduce your rates.
3. Lower your limits: Keep track of the value of your fleet and lower your limits accordingly so that you can keep your policy affordable. Your company cars lose value every year and, if they are driven often, may lose value at a faster rate than a normal vehicle. There is no point in having a high limit if your cars aren’t worth that much, unless you are looking for replacement value instead of actual value. When it comes to medical and bodily injury coverage, be sure not to lower your limits too aggressively since these costs tend to increase over the year rather than decrease.

Continue reading about these five tips to help you save money on your business auto insurance policy or contact us at (866) 851-5220 for a free business car insurance quote.