Small Business Insurance Coverage that Protects Your Business

Small business owners often get overwhelmed by the number of insurance policies available to them. Whether you own a contracting construction firm or a boutique, many of the coverage needs are the same. There are several types of insurance policies that all small business owners should consider purchasing. Let the professional team at TAB Insurance Agency LLC in Austin, TX help you select the appropriate policies so that your business is protected when the unexpected comes up. 

Crucial Coverage for Your Small Business

Business Interruption Coverage

In 2017, Hurricane Harvey stalled business operations for thousands of companies across Texas. As a result, many business owners were struggling to pay bills and employees during that time. This same scenario can happen to anyone, but for a small business, it can be devastating. Business interruption coverage offers financial assistance in specific situations that cause you to close your business for a certain period of time. Whether it is a gas leak or a hurricane, most policies like this will offer coverage of both bill payment and employee payroll.

Worker’s Compensation

If your business has a team of employees, Worker’s Compensation is a definite must. Accidents in the workplace happen, no matter how you try to avoid them. And, if an employee feels they have not been fairly compensated for lost wages due to injury, they could file a lawsuit against your company. Worker’s Compensation typically covers any medical and disability an employee can claim due to workplace injury. Additionally, some policies will include coverage of legal fees and representation in the instance you face a lawsuit.

Property Damage

Whether you are a start-up company or long since established, losing property associated with your business can be devastating. If you are considering the purchase of a property damage policy, speak with an insurance agent at TAB Insurance Agency LLC in Austin, TX. Our team will help you find a policy that includes all aspects of your business property, from structure to inventory.

Tips to Reduce Your Energy Usage

With energy costs on the rise, homeowners need to do everything possible to help keep their energy usage down and help keep their energy bills as low as possible. So take time to go through the home and make the following changes to help reduce your household’s energy usage in Austin, TX. 

While making changes in your home to reduce your energy usage, don’t forget to protect it from the elements. Reach out to our agents today at TAB Insurance Agency LLC for information about protecting your home. 

Energy-Efficient Appliances

Energy-efficient appliances include washers, dryers, refrigerators, microwaves, and dishwashers. When replacing existing devices, opt for energy-efficient units by looking for those with the Energy Star Logo. 

Solar Power

Switching to solar power can help significantly reduce energy usage in a home. However, if switching to solar power for the entire house is not an option, consider converting your water heater and pool pump over to solar power. By changing these two units, you can help conserve a significant amount of energy. 

Smart Thermostat

Switching to a smart thermostat allows you to control it on your phone or other internet-connected devices. Using a smart thermostat means you can change things while you are away and monitor your home’s temperature. Additionally, turn the heat down a few degrees than usual to save on energy usage. 

Leaky Faucets

Check your entire home and fix leaky faucets. Fixing leaks can reduce the number of wasted water and your annual water consumption. 

Austin, TX residents can do several things to help reduce the energy they use in their homes. Once your home is more energy-efficient, it is time to review your insurance policy. Give TAB Insurance Agency LLC experts a call for additional information on protecting your home once you have made it more energy-efficient. 

Motorcycle Laws for Texas

To ride a motorcycle in Texas, you must follow the motorcycle laws for helmets, passengers and have proof of financial responsibility or the minimum liability insurance. We serve motorcyclists for all of their insurance needs at TAB Insurance Agency LLC.

Helmet Laws

Helmet laws were created for your safety while riding. You must wear a helmet unless you are a minimum of 21 years old and you have health insurance to cover medical and hospital costs if you are in an accident. This is the same law for both a rider and a passenger.

Motorcycle Licensing

You must complete a motorcycle safety course to apply for a motorcycle license in Austin, TX, also known as a Class M license. This can be waived if you are already licensed to ride a motorcycle in another state.

Minors

Applicants must be 15 years old to get a Class M license and they need to complete a 32-hour course in advance of the application process. They may be given a provisional license in which they can only operate a 250 cubic centimeter piston displacement for a year before securing a non-conditional license. All Class M applicants must complete a driving test on the road.

Motorcycle Insurance

The great state of Texas requires all motorcycle drivers to prove their financial responsibility in the case of an accident that they cause. For most individuals, the easiest method of this is to obtain motorcycle insurance.

The minimum liability insurance to carry for a motorcycle is expressed as 60/25/30, meaning it must cover $60,000 for bodily injury coverage per accident, $25,000 in property damage coverage for each accident, and $30,000 for bodily injury coverage for each person injured in an accident.

At TAB Insurance Agency LLC, we realize the motorcycle laws and insurance requirements may be a bit confusing. You can contact us by phone or come by the office near Austin, TX in Frisco to get any additional information you may need. We are here to serve you.

How to File a Successful Boat Insurance Claim in Texas

When you have an accident, damage, or theft to your boat in Texas, the process of filing a claim on your boat insurance can feel confusing. Filing a successful boat insurance claim is very similar to filing a successful car insurance claim. Document everything, and stay in contact with your insurance company. 

At TAB Insurance Agency LLC serving Austin, TX, we want you to have an easy claims process if you suffer damage or theft with your vessel. Here are the steps on how to file a successful boat insurance claim in Texas.

Ensure the Problem is a Big One

If you have a small scratch on your boat after a docking problem, don’t call the insurance company. Find a way to repair it and eat that cost. 

If you have been sideswiped by a major vessel or there has been a major crime, call the insurance company. 

You will be eligible for loss-free discounts when you don’t call them for every potential boat problem.

Call the Police or Coast Guard

If there has been a crime, or there is significant damage, call the police or Coast Guard. You will need to file a report on the incident. Get a copy of that report for your insurance company.

Document Information After an Accident

After you’ve been in a boating accident, follow the same information exchange procedure that you would in a car accident. Exchange boat ID, insurance name and contact information, and names of any witnesses.

Make sure that you document every aspect of the problem that you can. Take multiple photos from all angles before you call the insurance company.

Hold Off on Repairs

If your boat needs a repair, hold off until you have had an in-depth discussion on the matter with your insurance company. They should have everything they need if you have documented the entire situation thoroughly. They may recommend a place for repair, and you will know how much you can spend on repair after you’ve spoken to them.

File the Claim

After you’ve had a boat accident or loss and gathered the documentation, file the claim. Talk to your insurance company as soon as you can. The sooner you do, the sooner the problem is behind you.

Get a Quote for Texas Boat Insurance Today

At TAB Insurance Agency LLC serving Austin, TX, we want you to be protected against every possible boating problem. Call us today for a free quote.

Three things you might not know about boat insurance in Texas

As a boat owner in Austin, TX, it’s important for you to purchase a boat insurance policy to protect the investment you’ve made in your watercraft. We sell boat insurance at TAB Insurance Agency LLC.

The following are three things you might not know about boat insurance in Texas.

You can buy a policy that will offer "lay-up" options.

It’s important to look for "lay-up" options in your policy if you only use your boat during certain seasons of the year.

With these options, you won’t have to pay as much in boat insurance premiums in the off-season when you’re keeping your boat in storage rather than taking it out on the water. 

You can cover land risks with a boat insurance policy.

Boat insurance isn’t just about covering financial risks when you’re in the water with your boat. Boat insurance policies can also offer coverage when you’re on land with your boat. For example, boat insurance can offer coverage for when you’re transporting your boat or keeping your boat in storage. 

A boat insurance policy typically entails navigational limits. 

One of the most important things to understand about boat insurance is any navigational limits in place. Boat insurance policies typically only offer coverage in a certain area. If you travel outside this area with your watercraft, you will not be compensated through an insurance claim if your boat becomes damaged. 

You can learn more about boat insurance by getting in touch with us at TAB Insurance Agency LLC. Contact us with your questions about boat insurance coverage in Austin, TX. 

Why do people need motorcycle insurance?

Anyone that lives in the Austin, TX area is going to have many different types of insurance needs. For those that own a motorcycle, one important form of coverage to get is motorcycle insurance. There are many different reasons why someone here will need to get this type of insurance coverage. 

Insurance Protects Asset

A reason that you will need motorcycle insurance is that you will want to have protection for your asset. When you get motorcycle insurance, you are going to have the coverage that is needed to repair or replace the asset if it is stolen or damaged. This can prove to be very helpful in a situation where you would otherwise incur a loss. 

Insurance is Legally Required

You will also need to get motorcycle insurance because you have a legal obligation. Drivers all over the state need to carry liability insurance no matter what type of vehicle they operate, which includes motorcycles. When you are trying to stay in compliance with the law, you should select a motorcycle insurance policy that will give the coverage needed to meet the state’s requirements. You will also have a contractual obligation to carry a full insurance policy if you took out a loan to buy your motorcycle. 

It continues to be very important that people in the Austin, TX area get a proper motorcycle insurance policy when it is needed. When you are in need of a new motorcycle insurance policy here, you should call the team with TAB Insurance Agency LLC. The insurance professionals with TAB Insurance Agency LLC understand how important and valuable this type of coverage is. They can offer a variety of services that will help you better assess your needs and choose a policy that gives the right type and level of coverage. 

Why Your Boat Insurance Application Could Be Denied

It can be such a great adventure to own a boat, but it comes with a lot of responsibility as well. Before you take your boat out into the ocean, it is highly important that you seek boat insurance coverage first. Let’s look at the things you could encounter if you were to apply for boat insurance. It is vital to be prepared so you are not denied coverage.

Boat Condition

One of the most obvious reasons why you could be denied coverage of a boat insurance application is if your prized possession is not in the best condition. If you purchased a lemon, it means that you have to first do work on your boat so that it can pass the smell test or inspection. It is recommended that you apply for a boat insurance policy only when you have repaired your boat.

Moving Violations

Secondly, you could get denied for coverage, if you have several moving violations such as speeding and drinking while you are on the water. Too many driving infractions could also prevent you from securing insurance coverage for your boat. Be careful and ensure that while you are having fun, you are also mindful of following the law and being responsible.  

Intended Purpose

When you are applying for boat insurance, you will be asked about the intended purpose of using your boat and the size of the boat will also be in question. Most insurance companies will only provide coverage if the boat is for your own personal use. If it will be used for business, then the policy would definitely be categorized as such. If you are using the boat for business and are not forthright about it and the insurance company finds out, this could cause a denial.

Conclusion

If you have a boat and you want to secure insurance coverage, prepare yourself prior to making contact. Make sure you have all the issues handled so you can go forward with confidence that you will not be denied. Contact TAB Insurance Agency LLC in Austin, TX today so you can start the application process.

Three things to know about auto & motorcycle insurance in Austin

If you drive a vehicle or ride a motorcycle, you need to purchase an insurance policy in Austin, TX. TAB Insurance Agency LLC can help you to find the right auto & motorcycle insurance solution for your needs.

It’s important to be informed before you purchase insurance. The following are three things to know about auto & motorcycle insurance in Austin.

You are legally required to carry liability coverage.

in Austin and the state of Texas, you are required by law to carry liability coverage. Texas requires you to carry $30,000 per person in liability coverage and $60,000 liability coverage per accident. You are also required to carry $25,000 in property damage coverage. 

You have the option of purchasing collision and comprehensive coverage.

Although you are required to carry liability coverage, collision and comprehensive coverage are two types of auto & motorcycle insurance that are optional.

Collision coverage covers the costs of repairs to your own car, truck, or motorcycle. Comprehensive coverage covers the costs of damages from theft, fire, and a few other events.

If you don’t invest in collision coverage, remember that you’ll have to cover the costs of repairs to your own vehicle independently. That’s why it’s always a good idea to opt for collision and comprehensive coverage. 

You can minimize your premium with a higher deductible.

Your insurance policy will come along with a deductible. Your deductible is the amount of money you have to pay out of pocket in the event of accident damages. If you choose a higher deductible amount, you may be able to save money on lower monthly premiums. 

Let us help you in your search for a good auto & motorcycle insurance solution in Austin. Contact us at TAB Insurance Agency LLC with your questions and inquiries. 

Do You Need Commercial Insurance for Your Texas Business?

If you are a business owner in Texas, there are two types of commercial insurance you will need to obtain for your business and a few others you may want to have to protect your investment in your business.

Workers’ Compensation Insurance

Business owners in Texas are not required to have a workers’ compensation insurance policy but it is better to be safe than sorry. If you have employees working for you at your business, you will want to have this insurance coverage for them in the event one of them is hurt while working at their job. It can pay their medical costs and partial wages that they lose if they have are injured or contract an illness as a result of their job and need to recover. If your business contracts with government agencies, you will be required to have workers’ compensation insurance coverage.

Commercial auto insurance

In Texas, all business-owned vehicles have to covered by commercial auto insurance. The state’s requirements include at least $30,000 worth of coverage for injuries incurred by each person involve din an accident, $60,000 for bodily injuries for each accident, and $25,000 worth of insurance to cover any damages to property due to an accident. If you or your employees use a personal vehicle for work purposes, you are not required to have commercial auto insurance for those but it is a good idea since many regular auto insurance policies do not cover business use.

Other types of commercial insurance you will want to obtain to give you the peace of mind you deserve include liability insurance that covers customers’ injuries or property damage, professional liability insurance that covers things like lawsuits, and cyber liability insurance to protect you legally if you are cyber attacked or someone hacks into your customers or clients’ information.

To create the best commercial insurance policy for you and your business, contact the trusted and experienced agents at the TAB Insurance Agency LLC in Austin, TX today!

Questions to Ask When Searching for Motorcycle Insurance

Warmer days on the horizon means it is about time to cut down to two wheels. Though only half of the wheels of a typical car, motorcycles are certainly not only half of the price. As with all vehicles, insurance coverage is required in order to take to the open road. Motorcycles are considered their own type of vehicle and are given their own category of insurance. On the upside, this allows for the likelihood that it will be much cheaper than typical auto coverage. The professionals of TAB Insurance Agency LLC, serving the Austin, TX area, can help you with common questions to ask when searching for motorcycle insurance.

What Must I Have?

Motorcycle insurance state minimums are the same for motorcycles as for other automobiles. For Texas, that is $30,000 per person for injuries, with a cap of $60,000 per accident, and $25,000 for property damage. 

What Should I Have?

A lot of that depends on your means. There are many additional elective policies that can be added to your minimum coverage for protection to your own vehicle for circumstances outside of your control. For example:

Personal Injury Protection (PIP)

Usually included in the standard minimum packages offered, PIP coverage is optional. However, you usually have to opt-out of this rather than opt-in. This standard PIP protection offers you $2,500 of coverage in the event that you are not at fault in an accident and the other driver does not have coverage.

Uninsured/Underinsured Motorist Coverage

This coverage ensures that you do not have to pay out-of-pocket for an accident caused by someone who lacks coverage, or a sufficient amount for the damage.

Contact the professionals of TAB Insurance Agency LLC, serving the Austin, TX area, to discuss your motorcycle insurance needs, today!