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!

Variables To Consider Before Purchasing Boat Insurance

TAB Insurance Agency LLC is a full-service independent insurance agency that serves people throughout Texas. Our primary goal is to help our clients find affordable insurance rates. We hope to establish successful long term relationships with all of our clients.

Boat Insurance

Many people in Austin, TX and other parts of the state enjoy riding on their boats during hot summers. Boat insurance helps cover a boat if it is somehow damaged or stolen. We recommend that all of our clients purchase boat insurance so that they can enjoy their water sporting habits without worrying about a potential accident. Here are some things to consider as you research a policy.

Type Of Boat

Your policy may vary according to the type of boat that you have. If you have a smaller, faster boat, the risks are different compared to a larger and slower boat.

How Often You Use The Boat

Think about how often you use the boat, as well as some of the activities that you do. If you use your boat regularly, that will require different insurance compared to using your boat once or twice a month. If you have special accessories on your boat, you may need to purchase additional coverage.

The Location

The location where you are using your boat has an impact on your policy. In some places the water is more turbulent than other places. If you plan to use your boat to travel long distances, that is another factor that you must take into consideration.

History Of Safe Boating

If you have a history of safe boating, that can assist you as you search for different rates. Having several years of boating experience is an asset.

Find The Right Boat Insurance Policy With TAB Insurance Agency LLC

At TAB Insurance Agency LLC, we will sit down with you and go over different policy options. Head to our website to learn more information about how we serve the Austin, TX area and beyond.

When is Boat Insurance Required in Texas?

The Austin, TX area is a very popular place for anyone to live if they would like to be in a location with great weather and a lot to do. One activity that many people in this area can enjoy is going out on a boat on a hot summer day. If you are going to purchase a boat in Austin, it is important to consider your insurance needs. There are several situations when a boat insurance policy could be required. 

Lender Requires Coverage

The cost of a boat today can be quite significant. Fortunately, there are many different lenders out there today that are willing to offer great deals on boat loans. While this can provide you with a convenient financing solution, they do come with some additional requirements. One thing that boat loan borrowers will need to do is have boat insurance. A quality boat insurance policy is required to ensure the lender’s collateral is covered. 

Local Liability Requirements

Depending on where you want to use your boat, you may need to comply with local requirements. Some lakes and marinas in the area are going to require all users to have boat insurance. With this coverage, you can ensure others that you are able to pay restitution if you were found to be at fault in an accident. 

When you are looking to get a new boat insurance policy, a great company to speak with is the TAB Insurance Agency LLC. At the TAB Insurance Agency LLC, the team of insurance professionals will be dedicated to helping you get into a boat insurance policy that provides the best coverage possible. This will ultimately provide you with protection to repair or replace your boat or give coverage if you are at fault in an accident. 

How much motorcycle insurance do you need in Texas?

The number of fatalities caused by traffic accidents has been on the decline in Austin, TX. Still, you should not drive around town without insurance. The average motorcycle costs about $50,000 to purchase and thousands more to maintain. Your accessories are also expensive, which means that you need more than a standard auto insurance policy to protect all of your investments. The TAB Insurance Agency can help you find the motorcycle insurance plan that is right for your lifestyle. 

How much motorcycle insurance do you need?

The state of Texas requires all drivers to show proof of auto insurance that provides at least $30,000 for bodily injury per person, $60,000 per incident, and a minimum of $25,000 for property damage per occurrence. There are no strict requirements regarding uninsured motorist protection, but it would be a good idea to purchase such coverage, seeing as how Texas is a "fault" state. You may find yourself in a legal battle that does nothing to fix your motorcycle if the person who is at fault in the accident does not have the proper protection to pay for all damages. 

You need more than basic coverage

Your compliance with state law could indeed save you money on insurance. You need more than the bare minimum, however, when you have equipment that costs thousands to replace if destroyed in an accident. The best motorcycle insurance plans offer:

  • Replacement for your motorcycle
  • Upgrade options for accessories related to safe riding
  • Cool-off periods in which you can pay less for insurance when your bike is in storage

Contact us for a quote!

TAB Insurance Agency has qualified agents who can explain the details about motorcycle insurance so that you can find the plan that works for your budget. Do not drive around Austin, TX without insurance! Call us today to get started with a quote for coverage!

When Do The Worst Boating Accidents Happen?

The region around Austin, TX is a haven for fans of boating, but the water can also be a hazardous place. TAB Insurance Agency, LLC writes enough boat insurance policies to know that certain conditions are more likely to cause an accident. When are you more likely to get into a boating accident?

During A Holiday

Particularly during warm weather holidays, such as the Fourth of July, when crowds descend upon local lakes and waterways. Larger crowds mean more people out on the water, congesting space and making collisions more likely. While heightened boat traffic alone is risky, so is the increased usage of intoxicants. Boating While Intoxicated citations always increase over long holiday weekends. So too do drunken accidents. Drunk boaters are also more likely to make dangerous decisions, such as not wearing a personal inflatable device or allowing passengers to sit or stand in an unsafe manner while the boat is in motion. These factors contribute to holidays being one of the most dangerous times to be on the water. 

During or After Poor Weather

Bad weather is more hazardous for certain types of vessels than others. Inexperienced drivers boating in extreme weather can be a recipe for disaster. Certain seasons can be unpredictable, so it’s important for boaters to be prepared for any change at any time. But hazards can lurk even after the storm has passed. Particularly after heavy rains, when silt and tree debris can shift and become hidden traps under murky waters.

If you’re considering boating in these conditions, think about getting boat insurance. Not only could it protect your assets in case you are found liable for an accident, but it could also cover you in case another liable boater is uninsured. TAB Insurance Agency, LLC is here to serve all Austin, TX boaters!

Why does my small business need commercial insurance

The simple answer to why does my small business need commercial insurance is that things happen and some of them are bad. Keeping your business from closing is very important to any small business owner. If you live in or near Austin, TX  TAB Insurance Agency LLC is here to help you with your commercial insurance needs. We know the right questions to ask to make sure that you have the coverage that is right for you. 

Property Insurance

If your business depends on having a physical location it is important for that place to be useable. If a disaster occurs that damages or destroys your building it will affect your ability to do business. You could lose not only your workspace but your inventory, furniture, and computers. Your business property insurance can help to make repairing or rebuilding possible. 

Business Auto Insurance

If you have autos owned by your business it is important to have insurance coverage.  In the event that an employee has an accident, you will be covered. If you use your personal car for business, you should check if your personal auto insurance covers business use. 

Business Liability Insurance

Business liability insurance covers quite a few different scenarios. If someone is hurt on your business property or by one of your products this insurance will help to cover legal costs that might ensue. This insurance can also cover any legal issues that might occur with a current or former employee. It can help cover costs of litigation in a case of harassment or wrongful termination. 

These are just a few of the things that your commercial insurance policy covers. The knowledgeable agents at TAB Insurance Agency LLC in Austin, TX will be happy to discuss all the things that might be covered. Stop by our office or give us a call for a no-obligation quote. 

Collision Coverage for Your Motorcycle

There are few greater pleasures in life than exploring the beautiful natural vistas around the greater Austin, TX area on the back of a motorcycle. If you are a long-riding pro or are thinking about buying your first bike, there’s a lot to know about motorcycle insurance. The good folks at TAB Insurance Agency LLC are here to answer all of your questions and provide the info you need to make an informed decision when choosing your policy. It’s important to protect yourself, your passengers, and your bike with the right policy at the right coverage level.

Why Collision Coverage is a Must-Have

There are a lot of different types of motorcycle insurance policies, and many of them provide the bare minimum of necessary coverage. If you want to make sure that you are protected, collision coverage should be on your must-have list. When there is an accident that causes damage to your bike or injury to yourself or your passenger, you will be relieved to know that you are covered. Replacing your bike after a mishap can sometimes fall to the owner who doesn’t have the necessary coverage. Collision protection can also provide coverage for any injury or medical expense that befalls you, your passenger, or parties in the other vehicle. If you are involved in a single-vehicle accident, collision coverage is still important. Don’t find out that you don’t have appropriated coverage after it’s too late, take the time to review your current policy or fully understand your new policy. Get the coverage you need now, and have the protection you need!

Ready to learn more about the benefits of comprehensive motorcycle insurance available in the greater Austin, TX area? Call or stop by TAB Insurance Agency LLC and talk to one of our helpful agents. 

Reasons to Get Full Coverage on Your Boat

The open waters are calling more than ever now that the heat has settled in for the year. Before you take your boat out, make sure you have the coverage you need to protect your property, no matter what happens out there on the water. TAB Insurance Agency LLC serves the people in and around Austin, TX with insurance to cover all aspects of life, including recreational fun. 

What Are Texas Boat Insurance Requirements?

To operate a boat in Texas you must take a boater education safety course. After this as long as you are of legal age (over 18 to drive alone, and 13 and over can drive with adult) then you can legally operate a boat in Texas without any minimal insurance coverage. While it is legal to operate your watercraft without insurance, it is not a good idea, because it leaves your asset unprotected and yourself at risk of litigation costs in the event of an accident. 

When Might You Need More?

Your homeowner’s insurance may cover a portion of boat damage when it is parked in your yard or garage if the damage falls under the policy. However, when you are out on the waters and things go sideways, you want to know you have not lost your assets, nor are you liable to other people if their property is damaged. Full coverage on your boat can bring you peace of mind while you enjoy the Texas waters so you can fully relax. 

Contact Us at TAB Insurance Agency LLC to learn more about boaters insurance and to get a quote for your lifestyle today. We serve Austin, TX and the surrounding areas with quality insurance services. Call today,  972-377-9464.

Commercial Insurance Add Ons to Consider

When you run a business, it is crucial for you to protect it as best as you can. You put a considerable amount of time, energy, and money into your business, so the last thing you want is for your business to suffer some kind of damage and set you back. While there are some basic forms of commercial insurance, there are other add ons to consider. If you run a business in or around Frisco, TX or Austin, TAB Insurance Agency, Inc. is here to help. 

Umbrella Policy

Investing into umbrella insurance is always a good idea. This gives you additional liability coverage to protect your business. If someone slips and falls on the sidewalk outside of your business, they might attempt to sue you, and your general liability might not cover this. Even if you’re completely in the right, you don’t want to pay all the legal fees associated with it. Umbrella commercial insurance coverage can help. 

Worker’s Compensation

If an employee is hurt while they are on the job, it is up to you to pay for their medical coverage and other financial compensation. This can become costly, especially if they are seriously injured. The best way to go about protecting them and yourself is to invest in worker’s compensation insurance. 

Running a business is hard work. It takes a considerable amount of work and dedication. You also put a good amount of money into your business as well, so you likely don’t want to go about repairing expensive damage to your place of business. That is why you need to have commercial insurance. With the number of commercial insurance add ons, though, it can be difficult to know what will work for your company. If your business is located around Frisco, TX or even Austin, TAB Insurance Agency, Inc. can help.