Category: Commercial Insurance

Commercial or business insurance provides peace of mind for many business owners. Addressing unexpected situations, accidents, and events can be daunting without the help of commercial insurance. Few would be equipped to deal with many situations out of pocket. Our Slaughter Insurance Agency in Quinlan, TX, is committed to helping businesses understand the benefits of commercial insurance and obtain the coverage they require.

What does commercial insurance cover?

Commercial insurance typically offers financial protection from theft, property damage, liability, and medical coverage. The medical coverage is often in the form of workers’ compensation. However, other forms of coverage can be added if your business has other unique needs. Many business owners would struggle to meet their business’s financial and legal requirements if an unexpected event, accident, or situation arose.

Will my commercial insurance cover the damage to my car?

It depends. If you add commercial car insurance to your insurance policy, your car’s damage is covered. However, if you only hold a personal auto insurance policy, your commercial insurance will not cover the damage. Your personal insurance policy would not cover any damage to your car if you had an accident while using it for business purposes. Personal auto insurance only covers accidents that occur while you use your car for personal purposes. You need business auto insurance to cover any accidents or situations that occur while it’s being used for business purposes. Commercial auto insurance is designed explicitly for vehicles used for business purposes, with conditions tailored to the needs of businesses. If you have additional questions about commercial insurance, please don’t hesitate to contact us. We’d be more than happy to answer any questions you have.

Our team at Slaughter Insurance Agency has helped dozens of Quinlan, TX businesses get the high-quality business insurance that they deserve. If you’re still on the fence about your policy, please read on to learn more about the unique options available for your facility’s unique needs.

General Business Insurance is Useful 

Your most basic business insurance is useful as a way of protecting your facility and yourself from various dangers. For example, these policies provide liability protection for people in your facility. However, they also help with various types of property damage issues and other problems concerning them. For many people, this basic policy is enough, but there are upgrades that you should also consider.

Specialized Coverage is Grand 

Did you know that you can get high-quality, specialized business insurance for your facility? It’s a smart idea if you’re struggling to find protection that makes sense for you. There are a few things that might make the most sense for you in this situation, including options as diverse as:

• Business income insurance to protect you from a potential loss of income
• Professional liability protection if you run into any problems with injuries or damage 
• Commercial auto insurance policies that keep your facility’s vehicles safe
• Product liability to help protect you if any of your products end up hurting someone 
• Cybersecurity protection to keep you safe from hacks and other types of risks 
• Employment practices policies that can keep you safe if your employment practices fail

Get the Help You Deserve

No matter what kind of business insurance you need, our team at Slaughter Insurance Agency can help you. We provide Quinlan, TX residents and the surrounding area a variety of help options and work hard to support you. Don’t hesitate to contact us if you want to learn more about this process.

Commercial insurance is an important tool for helping prevent losses. If you would like to learn more about commercial insurance and what it protects, you can count on the experts at Slaughter Insurance Agency, to provide information and support to the residents of Quinlan, TX.

Commercial Insurance Protection 

Commercial insurance is designed to protect business owners from various outline risks such as theft, fire, and even damage as a result of wildlife. Most commercial insurance policies provide coverage in the event of damage by wildlife, whether it’s inside or outside the business.

If you would like more details about a commercial insurance policy and assistance with understanding terms and conditions, please reach out to our insurance experts. We can not only provide you with information regarding the fine print of each policy, but we can also carefully assess your current and potential future needs.

Once we understand your specific insurance requirements, we can match you with policy options that meet or exceed those needs. Not only can we assist you with the policy purchase, but we can also provide support with any changes or claims in the future. Our goal is to help you get comprehensive coverage and avoid any gaps that can create a loss.

Reach Out Today 

If you would like to speak to one of our knowledgeable insurance agents, please feel free to call or stop by the office of Slaughter Insurance Agency. We offer insurance products and services to the residents in and around the Quinlan, TX, area. Don’t guess when it comes to selecting your commercial insurance. Get the information and support you need to get complete coverage in gain peace of mind knowing you’re protected.

With hurricane season in full swing here in the Quinlan, TX area, it’s important to make sure that your business is prepared for any storm that may come its way. Here are some tips from us at Slaughter Insurance Agency to help you and your business stay safe.

Tips to prepare your business for a storm

1. Keep emergency supplies on hand. Make sure that you have enough food, water, and other necessary items on hand to last several days in case of an emergency.

2. Create a plan. Make sure that everyone in your business knows what to do if a storm hits, including evacuation plans and how to contact each other if separated.

3. Secure your property and equipment. During strong winds or flooding, make sure that heavy objects are secured so they don’t cause damage, and store valuable equipment where it won’t be damaged by water or wind. 

4. Purchase insurance coverage for business property and possessions, as well as liability insurance in case of injury or damage caused by the storm. 

5. Stay up-to-date with weather forecasts and alerts from local authorities so you can prepare quickly if needed.  

6. Keep essential documents and financial records stored in a secure, waterproof location, such as an online storage system, or in multiple locations to protect against loss or damage. 

7. Have emergency numbers ready for quick contact with insurance companies, contractors, government agencies, and other emergency services. 

Reach Out To Us

By taking the time to prepare your business for storms before they hit, you can rest assured that your business will stay safe during hurricane season. For more tips to keep your business and employees safe, or to explore any insurance products you may need, give us a call at Slaughter Insurance Agency today. We are proud to serve the Quinlan, TX area.

Business owners in Quinlan, TX are not required to have workers compensation insurance, but it’s a protection against financial loss that many entrepreneurs choose to invest in. Your Slaughter Insurance Agency representative can give you the full scope of what is covered. 

What Does Workers Compensation Insurance Do?

Texas law has set forth limits on what workers can receive when their employer purchases workers compensation insurance. A company owner who decides to be a non-subscriber can be subject to lawsuits to compensate for injuries to employees incurred while on the job. These have virtually no cap and can include attorneys’ fees. Common legal defenses in personal injury lawsuits are not admissible in cases involving employers.

You are required to place a poster notifying new hires of coverage or noncoverage at the place of employment, and employees have five days to waive their rights to opt-in to this provision or not. 

Those who agree to be under workers compensation will be provided with the medical and income benefits that are due to them under the law but will lose their right to sue. Workers must be notified of this tradeoff via a government form once they have made their decision. 

Under workers compensation, employees are to be covered regardless of fault when they are hurt while carrying out duties that further an employer’s interests, and this can include travel. Perils that null and void this agreement include horseplay, intentional self-harm, or being under the influence of controlled substances or alcohol. 

Death benefits may also be applicable and paid to families of someone who dies in an accident while on the job, and this operates according to limits set by law. 

Slaughter Insurance Agency Serves Business Owners 

We provide quality insurance products for those in the Quinlan, TX area, and we can put together a package for you. We invite you to reach out to us today. 

No business is safe from potential interruption. Whether it’s due to a natural disaster, equipment failure, or something else entirely, business interruption can severely impact your bottom line. That’s where business interruption insurance from Slaughter Insurance Agency in Quinlan, TX comes in.

This type of coverage can help you make up for lost revenue and keep your business afloat during tough times:

What is business interruption insurance?

Business interruption insurance is designed to help businesses recover from a loss of income that results from a covered event. This type of insurance can help a company continue to operate after a covered event by providing funds to help cover expenses such as payroll and rent. This type of insurance can be especially beneficial for businesses that rely heavily on income from operations.

What does business interruption insurance cover?

The commercial landscape is unpredictable, especially for small businesses. You never know what’s coming around the corner to interrupt your operations. With the right business insurance, you can protect your assets from:

• Loss of income due to damage to the insured property that prevents the business from operating

• Loss of rent or lease payments if the insured property is unusable

• Extra expenses are incurred to keep the business running after a covered loss.

• Loss of profits due to a decrease in business after a covered loss

Discover more about business interruption insurance

Slaughter Insurance Agency in Quinlan, TX offers business owner’s insurance to protect your business from potential liabilities. We have the experience and knowledge to tailor a policy that meets your specific needs, and our team is committed to providing the highest level of customer service. Contact us today to learn more about our services and how we can help you protect your business.

Commercial insurance is vital for businesses in Quinlan, TX. It provides coverage for various risks and can help protect your company from financial disaster. Slaughter Insurance Agency offers this guide in navigating commercial insurance.

Benefits of Commercial Insurance

Protection Against Liability Claims

One of the significant benefits of commercial insurance is protection against liability claims. If someone is harmed or their property is damaged because of your company’s operations, they may sue you. Commercial insurance can help cover the cost of legal fees and any awarded damages.

Meeting State and Local Requirements

Most states and localities require businesses to carry certain types of commercial insurance. For example, Texas requires commercial auto insurance for companies that use vehicles for business purposes. Commercial insurance can help you meet these requirements and avoid fines and penalties.

Protection Against Business Disasters

A major disaster can devastate a small business. A fire, hurricane, or tornado can destroy equipment, inventory, and office space. Commercial insurance can help you rebuild your business after a disaster. Texas has seen its share of natural disasters, and companies that don’t have commercial insurance are often left with nothing. Speak with a representative at Slaughter Insurance Agency to find the right policy for your company.

Peace of Mind

Another critical benefit of commercial insurance is peace of mind. You can focus on running your company without worrying about what could happen if something goes wrong. Knowing that your business is protected against risks can help you sleep better at night.

If you’re a business owner in Quinlan, TX, it’s essential to have commercial insurance. There are many benefits of commercial insurance, such as protection against property damage, theft, and business interruption. Slaughter Insurance Agency can help you find the right policy to meet your needs. Call us today!

Owning a business is both a dream come true and a nightmare. Many risks exist that every business needs to be aware of and prepared to deal with. That is where your independent insurance agent comes in. At Slaughter Insurance Agency Quinlan, TX, we personalize your policy for your business so that you have the coverage you need and are not paying for what you don’t. 

Does commercial property insurance only cover the building?

No, commercial property insurance does cover the building if you own it, but it covers much more than that. It covers the things you need to conduct business, which can be machinery, office equipment, tools, electronics, raw materials, and inventory. It is important coverage for both property owners and renters. 

Do I need to have commercial insurance in Texas?

No, commercial insurance is not required in Texas. In fact, Texas is the only state that doesn’t require workers’ compensation insurance. Just because it isn’t required, doesn’t mean it is a good idea to be without it. Bad things happen to businesses, even in Texas. Commercial liability is particularly important since one in three businesses will be involved in legal action every year. 

Do home-based businesses need commercial insurance?

Yes, you do. Many home policies will be woefully inadequate when it comes to covering a business that you operate out of your home. You need commercial liability and commercial property coverage. 

What coverage does business interruption insurance provide?

If your business is damaged by a covered peril and you are forced to close while it is being repaired, you won’t have any income. Just because you have no income, your expenses will not diminish. This insurance helps you pay bills and salaries. Surviving or not can depend on this insurance.

In Quinlan, TX, contact Slaughter Insurance Agency with all your commercial insurance needs.