Month: July 2018

Do you need boat insurance for jetskis and other watercraft?

Posted on by AgentInsure

It is a good idea to have adequate insurance for everything that people either get into, sit in, or ride on that goes into the water, which is powered by an engine or propelled through the water by a motor. This includes yachts, boats, and other personal watercraft (PWC) such as Jetskis, Sea-Doos, and Waverunners etc. Insurance companies make a distinction between the different categories, so it is best to have a discussion with your agent at Integra Insurance Services, serving Huntington, TX and the surrounding areas, about the type(s) of insurance coverage you need.

Talk With Your Agent to Avoid Gaps in Coverage

Many boat owners who use their boat for recreation also have PWCs. Boat insurance may or may not cover any PWCs. It may need to be extended to gain adequate coverage or you may need an additional policy just for the PWCs. This is why it is so important to talk with your agent in order to avoid gaps in insurance coverage that you may not be aware of, which might exist.

Differences between Commercial and Recreational Use

Tell your agent about all the things that you want to be covered. Make sure to talk about both recreational and commercial uses (if any) that might occur. A commercial use may include such things as renting out the boat to others, taking people on paid tours, or using it for commercial fishing trips.

Letting Others Use Your Boat or Personal Watercraft

Be sure to discuss with your agent if you plan to let others use your boat or PWC. Additionally, it is important to consider the transportation to and from the water if your boat and/or PWCs are stored on shore and what kind of storage facilities are used.

Call your agent at Integra Insurance Services in Huntington, TX to get an annual boat insurance review that provides coverage for your boat and/or PWCs. Then, you can go have fun with the confidence that you have adequate protection for the unfortunate things that may happen.

Insurance That Small Businesses Are Overlooking

Posted on by AgentInsure

Small businesses in Huntington, TX likely have a basic insurance policy, but there are other lesser-known policies that may be important. An agent at Integra Insurance Services can help you find a general commercial liability policy and discuss your business risks to determine if these policies are right for you.

Cyber Insurance

Hacking has grown and it doesn’t take long to deploy some malware, and small businesses can be the target. Cyber insurance can help cover incident response costs, but it will also cover expenses from any losses, which can include business interruption, data recovery costs, liability coverage, and settlement coverage.

Professional Liability

For business owners that provide a service, this insurance protects you from a client that is unhappy. If someone thinks you are negligent, this policy could kick in if you are sued. General liability will not cover dissatisfaction. Personal liability for homeowners insurance won’t cover anything professional. Depending on the industry, you may need a policy that is more unique. For example, errors and omissions insurance covers service providers for any mistakes they make.

Inland Marine Insurance

Despite its name, this coverage is necessary for any business that is going to have its inventory on the move. Most property insurance only covers inventory within 500 feet of the business, so if a boat, truck, or airplane is moving product around the country, this type of policy can cover it.

Contingent Business Income Coverage

This policy will help cover your business if there is a loss of income due to damage or loss somewhere else. For example, if a part maker goes out of business, then this policy kicks in.

Employee Non-Owned Car Insurance

If your business has a car, regular commercial auto insurance is only vehicle-specific and doesn’t travel with the driver. If the employee is in his or her own car, their personal auto insurance policy would cover them. However, you could still be named in a lawsuit and having a commercial policy will protect you.

Contact Integra Insurance Services serving Huntington, TX for a quote on commercial insurance.