Does Commercial Insurance Cover Injury to Patrons?

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When you own a business, one of the most important things you can do is to protect your patrons. In most cases, you have commercial policies to do a great deal to protect your business, but do they also protect your patrons? For those in the Austin or Dallas, TX area, the agents with Alloy Insurance Partners can help you to find the commercial policy that is going to work for you relatively easily.

How can a commercial policy help?

A commercial policy does a great deal to protect your business; it also protects your patrons and your employees. If you have any property insurance on your business, your property insurance may also help to protect your patrons. Commercial policies, by and large, do help to protect patrons that are injured on your property under a few different cases. For starters, if they are injured by no fault of their own, i.e., they are not running around, wasting time, or partaking in any dangerous activity, your policy will help to cover their medical bills and keep you from being sued.

Your policy may also help to protect you by helping to pay the costs if you are at fault for the injury. If there is any sort of issue, the first thing that will happen is the insurance company will come, determine what caused the accident, and will then work out how to pay medical bills and any other associated bills.

Your commercial policy will help cover the cost of taking care of medical bills associated with injury to patrons and will also help with legal bills as well. For those that do have a commercial business and want to make sure their patrons are covered, it is always best to look at different policies and to talk with an agent. For those in the Austin or Dallas, TX area, the agents with Alloy Insurance Partners are ready to answer your questions and get you a quote.

At What Age Should You Begin To Consider Purchasing Life Insurance?

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At some point in your life, you should consider purchasing a life insurance policy so you can protect your loved ones from financial burdens that can occur from an untimely passing. One of the most common questions people ask is what age you should begin shopping for life insurance. Anyone who has a family should consider making this important insurance policy purchase, as well as people who have a substantial amount of bills and assets. In general, anyone over the age of thirty may want to consider this critical coverage. 

Shopping For Life Insurance

Shopping for life insurance should be a priority for anyone who has a family or children on the way. It should also be important to anyone who has a substantial amount of items that are assessed for taxes and require maintenance and long term upkeep. If you pass away, you will leave these responsibilities to your loved ones, which can create a significant financial burden. Avoid these issues by being proactive and shopping for a life insurance policy that will protect them in the future. If you live in or around the Dallas, TX area, you should consult with Alloy Insurance Partners to help you get the right amount of coverage. Get personalized service that can help prevent debt and trouble covering future expenses related to funerals, property, education, and more. 

Don’t leave your loved one’s financial future at risk. Residents living near Dallas, TX should call or stop by Alloy Insurance Partners to get more information about life insurance coverage as well as answers to any questions about coverage. Leave peace of mind at a time when it will be needed the most. 

An Introduction to Life Insurance

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Life insurance provides you with coverage and a monetary benefit to your beneficiary named in the policy upon your death. The beneficiary usually is your spouse or child.

You pay monthly premiums to the insurer. The insurance company bases your premium on a combination of factors:

  • your age at the time of policy purchase
  • your gender
  • medical history
  • the value of the policy purchased

Types of Life Insurance

Discuss what type of life insurance best suits your needs with a representative from Alloy Insurance Partners of Dallas, TX. The essential question is term or perm?

Term policies provide coverage for a specific number of years. Policies range from one to 20 years in length, generally. The coverage remains active while you pay the premiums. Term policies do not accumulate cash value. Permanent policies do not expire as long as you pay the premiums. They can amass a cash value. You can borrow against some policies.

Reasons for Life Insurance Coverage

Many people think of life insurance only as a means to pay for their funeral expenses, but it provides for so much more. You can obtain coverage in the amount needed to cover any of a number of expenses, including:

  • paying off the home loan
  • paying for your child or children’s education
  • income replacement for your earnings
  • means to pay medical bills

While you can reference a life insurance chart for a quick notion of your insurance needs, come into Alloy Insurance Partners of Dallas, TX to have us sit down with you and calculate your replacement income. These calculations include your current salary, the value of your insurance benefits, your 401(k) and retirement savings, value of services you perform for your family such as cooking, cleaning, and home maintenance. After subtracting your annual personal consumption, we arrive at a figure. Contact us for more information.

Myths about Home Insurance

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It’s important to read the fine print for home insurance in Dallas, TX, but it’s also important to know the myths about home insurance. This way, you can get the right coverage.

Myth 1: Home Insurance Is Required

Your mortgage company may require you to have home insurance in Dallas, TX, but the law does not. However, not having home insurance can be very costly in the event that there is a disaster.

Myth 2: All of Your Belongings Are Covered

A homeowner’s policy will not cover everything, and the policy will clearly state what is covered and what isn’t. If you have valuable art or jewelry in your home, it may not be covered by a basic policy and you may need additional coverage. Speak with an agent at Alloy Insurance Partners to make sure you have coverage for all your valuables.

Myth 3: All Injuries in the Home Are Covered

If a visitor gets injured at your home, then the liability protection of your insurance will kick in and pay for claims that are filed. However, if you or a family member gets injured by falling down the stairs or slipping in the kitchen, your home insurance will not pay for these injuries. Instead, you will have to rely on your health insurance.

Myth 4: A Home Business Is Covered

Your business liability and business equipment are not covered under a home insurance policy. If you have a home-based business, you will need a separate policy that covers the company. You may be able to attach a business rider to your existing home insurance for a cheaper rate.

Myth 5: My Home Is Covered in the Event of a Flood

Floods are not covered under a standard home policy. If you live in a flood zone, you need a separate policy to cover floods.

Contact Alloy Insurance Partners to get a quote on home insurance.