How Workers Compensation Protects Workers and Businesses

The Texas Department of Insurance sets the rules on worker’s compensation in the state.  However, these regulations are more than legal requirements. Businesses and their workers both benefit from a comprehensive worker’s compensation package. How can a customized worker’s compensation package from Integra Insurance Services help your Huntington, TX business thrive?

How Worker’s Compensation Benefits Employees

Worker’s compensation insurance was created as a way to help workers recover from injuries sustained while they’re on the job. In order to ensure each injured worker has the best chance of a full recovery, worker’s compensation provides funds for essential services and treatments, like:

  • Care from primary physicians and specialists
  • Surgeries
  • Physical rehabilitation
  • Drug therapies, including pain relief

Many plans also provide workers with a portion of their regular income. This allows them to live a comparatively comfortable life while healing.

How Worker’s Compensation Benefits Employers

While worker’s compensation is meant to benefit injured workers, their employers also benefit from this unique coverage.

  • Employers can retain excellent workers. Rather than lose your best employees, worker’s compensation allows them to heal and return to the job quickly.
  • Employers can better manage healthcare costs. For employers who offer healthcare packages to their employees, having a worker’s compensation plan helps them cut down on chronic pain and lingering issues related to workplace accidents. This leads to lower healthcare costs for your entire staff.
  • Employers make a more attractive option. In high-competition trades, a well-planned benefits package could make the difference between hiring the best and taking what’s left. Include worker’s compensation in your benefits to woo in-demand workers.

Worker’s compensation is an excellent value for employers and their employees. Contact the representatives at Integra Insurance Services to learn how our worker’s compensation plans can improve your Huntington, TX area business.

Essential Types of Commercial Insurance all Businesses Need in Huntington, TX

Owning a business is a huge responsibility. If you own a business in the Lone Star state, specifically Huntington, TX, having the right protection is a must. However, with all the small business insurance options out there, it can be confusing trying to figure out what you really need. Our goal at Integra Insurance Services is to make this as easy as possible by providing the information needed to make an educated decision and purchase.

Minimum Requirements for Business Insurance in the State of Texas

It is not mandatory to carry commercial liability insurance for a business that is operating in Texas. This is a state that is considered business-friendly and that has been a leader in regard to lawsuit reform to help and discourage the filing of frivolous claims. However, lawsuits still pop up in this state. If you own your property or another valuable asset, it is a good idea to invest in general liability coverage for your business, as this will help to limit your exposure.

Types of Business Insurance to Consider

There are several types of business insurance to purchase in Texas. While commercial general liability coverage is one of the most important, some of the other coverage options you can choose from include:

  • Commercial property insurance
  • Employee disability insurance
  • Product liability
  • Business Owner’s Policy
  • Professional Liability
  • Employment Practices Liability Insurance
  • Errors & Omissions

If you use your vehicle for business purposes, you don’t have to have a commercial vehicle policy, but it is a good idea. However, you do have to have the minimum automobile policy to cover yourself if you are involved in an accident.

If you are ready to purchase business insurance in Huntington, TX, be sure to contact our team at Integra Insurance Services.  

Which kind of business needs commercial auto insurance?

If you use your vehicle for business purposes, then you may need to purchase commercial auto insurance. You can’t always prevent accidents from happening, but you can prevent yourself from having a large financial setback when accidents do occur. 

Risk can take many forms when you have a business, but when vehicles are involved, you have another set of risks involved. Even if your driver follows all of the driving laws and drives cautiously, mistakes can happen. They could have just one moment of distraction, or another driver could be driving recklessly. The risk is everywhere, and insurance is there to make sure that everyday life doesn’t slow you down or set you back.

You may not be able to completely eliminate your risk, but with the appropriate insurance, you can manage it. Commercial auto insurance is similar to the auto insurance private individuals purchase but at much higher limits.

By purchasing commercial auto insurance, you protect both your business and your business’ interests. Within those interests, you will be protecting your employees (both primary employees and those you may be doing business with) and your equipment (vehicles and goods). If you use a vehicle to transport goods or people from state to state, then you may be required by the federal government to have commercial auto insurance. Things to consider are the type of goods (hazardous materials) and the number of people (16 or more people require a higher premium of insurance than those carrying 15 or fewer) that you are transporting.

For more information and details about commercial auto insurance and how it could benefit your business in Huntington, TX, you can contact Integra Insurance Services. They can help you find the insurance that is right for you and your business.

Who will require me to have commercial insurance

If you own or manage a business, there are many very important business decisions that you have to make on a daily basis. One decision that is very important is when you decide on what type of commercial insurance to get. When you are looking for your next insurance policy, it is important to consider what your requirements are. You could be required to carry commercial insurance with a variety of different organizations. 

Lender

In many situations, a business may have to take out a business loan in order to fund working capital, inventory or purchase certain equipment. In almost all situations, the lenders will require that you carry commercial insurance on your business to ensure that you are properly protected. Some types of coverage they will want you to have will include liability, workers compensation, and even property coverage.

Customers

Depending on the type of work that you do, your customers may also require that you have commercial insurance in place. Whenever you are doing work for a customer, especially if you are a contractor doing work on a customer’s home, a client will want to make sure that you are properly protected in the event in an accident takes place. In many situations, the customers may require that you provide them with a copy of your insurance before you start any work. This coverage will also ensure that you are protected in the event you are sued due to negligence.

If you are looking for commercial insurance in the Huntington, TX area, you should contact Integra Insurance Services. The Integra Insurance Services organization excels at helping Huntington, TX area businesses better understand their insurance needs. They can then also help you get into a great policy that ensures you stay in compliance with all requirements. 

Insurance That Small Businesses Are Overlooking

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.

Do we need a business automobile insurance policy if we rent instead of owning company cars?

Most people don’t realize that there are, in fact, many differences between commercial automobile insurance and personal automobile insurance. They often find out when it is too late that they were depending on a personal insurance policy to protect them when the circumstances fell outside the range of what would be covered, leaving them to pay the full bill. The agents at Integra Insurance Services work to help their commercial insurance customers in Huntington, TX protect their businesses by making sure they understand the kind of protection they need for their situations.

The first most important thing to understand is that a personal insurance policy or a business owners policy (BOP) will not provide coverage for automobiles used primarily in a business. Those kinds of coverage must specifically be provided by auto insurance policies.

The Business Auto Coverage Form (BACF) is the most commonly used contract that businesses use to provide coverage for their automobiles. This means cars, trucks, vans and any other kind of conveyance the business needs to use. The policy will need to list all of the vehicles which are intended to be covered under the policy, or the people who will need to be covered if they are driving while conducting business.

When you are choosing the coverage that best suits your needs, you will have to decide what should be covered. Do you want to cover only the automobiles the company owns, hires or leases? Or do you also want to cover other automobiles that your business uses also, such as when an employee runs an errand with a personal car? The second option provides wider protection for your business. The more coverage, the better protection.

If you have a business in Huntington, TX, call Integra Insurance Services to find the best commercial auto insurance for your company.

Do You Need Commecial Insurance At Your Law Firm?

Individualized insurance needs are a mantra of Integra Insurance Services in Huntington, TX. Like your fingerprint is uniquely yours so is the nature of your insurance needs. 

There are many factors to take into consideration when it comes to whether or not you need a commercial insurance policy if you are a licensed and practicing attorney. Commercial insurance has points that deal with the structure of your business. The basic physical property of a business puts the law firm owner at risk.

If your law firm is housed in a building where there are suites of other offices then it is imperative that you discuss with your landlord the specific coverage that your rental or lease agreement offers. These points are very specific and need to be understood fully.

Is your firm run out of your home? Are you meeting clients on the premises of your law firm or only elsewhere? Is your law firm housed alone as a sole structure? Are you renting or leasing the property? Do you own the property that houses your law firm? 

Being a licensed practitioner usually means you need additional insurance arms – including malpractice insurance. Come speak with us today. 

Integra Insurance Services in Huntington, TX takes a stand on how to underwrite insurance. Our agents also specialize in Automobile, Homeowners, and Other (Specialty, Property, Boat, and Toy) Insurance. When it comes to insurance having all of your eggs in one basket is a good thing. Especially when you go with an agency that works with your to provide the very best service by being an active listener when it comes to your insurance concerns. Then we transform into active doers in terms of putting our tremendous level of professional integrity into practice.  

Types of Commercial Insurance To Protect Your Business

The day a business opens, the owners of the company have elected to face certain risks. This is true even before the first employee has been hired. Business risks require that a company maintain the correct insurance be in place from the get-go.

The reality is, just a solitary lawsuit or catastrophe is enough to financially wipe out a small business before there has been an opportunity to get the business off the ground. Integra Insurance Services offers the following types of insurance to businesses in and around the Huntington, TX area.

Errors & Omissions Insurance (E&O)

E & O Insurance is also known as Professional Liability Insurance. It offers coverage for a business in and around Huntington, TX against:

  • Negligence claims
  • Mistakes, and
  • The Failure to perform

Each industry has its own set of topical issues that Integra Insurance Services will address as they prepare a customized business insurance plan.  

Property Insurance

Property insurance is a must, even for renters. This type of insurance offers coverage for inventory and equipment, in the event of a fire or theft.

Workers’ Compensation Insurance

This type of insurance will cover medical treatments and disability should an employee be injured on the job.

Home-based Businesses Needs

Small businesses typically begin at home. However, home insurance policies DO NOT cover a business the same way a commercial policy can.

Vehicle Insurance

If company vehicles are driven, they should be fully insured to protect against claims.

Business Interruption Insurance

A business’ operations will likely be interrupted if a weather event or catastrophe occurs. During this time, a business will lose income due to the staff’s inability to work. in the office, manufacture products or make sales calls.

Give the experts at Integra Insurance Services a call today!

What Is Commercial Insurance?

Do you own your own business? If so, you may be thinking about insuring your company. An agent at Integra Insurance Services serving Huntington, TX can help you not only find the right policy for your business, but show you what commercial insurance is all about. Commercial insurance is what makes the difference when your business makes a mistake or suffers physical damage.

Liability and Worker’s Compensation Insurance

Categories of commercial insurance include liability insurance, worker’s compensation insurance, and property insurance. As far as liability insurance goes, it covers your business in case someone outside your business gets injured or third party property is damaged. There are sometimes different subcategories under liability insurance that allow you get more specific coverage, such as malpractice or errors and omissions. Worker’s compensation insurance takes care of injuries suffered by employees while they are working. 

Types of Policies for Commercial Property Insurance

Within the category of commercial property insurance lie three different policy forms: basic form, broad form, and special form. All of these serve to protect a business against different types of damage.

  • Basic Form: covers perils that are common, such as some natural disasters.
  • Broad Form: usually covers what the basic form does, plus damage like the collapse of a structure or what can be caused by internal malfunctions, like leaking water systems.
  • Special Form: usually includes every peril that might occur, minus exclusions that are specifically described. Exclusions might include damage from war or vermin.

Get a Commercial Insurance Quote

Whether you are a new business in search of commercial insurance for the first time or an established business looking for a good quote, Integra Insurance Services serving Huntington, TX is a great place to start. You can contact them today to get a quote started.

Business Security Systems And How It Affects Your Commercial Insurance Policy

The integrity of the agents and staffer at Integra Insurance Services is a bedrock of how we do business and how we treat your business. We hope that your business located in Huntington, TX or wherever it is in the greater Texas area has a slew of employees and clients that are filled with respect and integrity. While we are certain that we share this hope, we both know that unfortunately that is not always the case.

The Right Security System is Everything

False Claims

The amount of fraudulent claims against insurance companies continues to be on the rise. Amounts soar into the millions concerning false claims of slip and falls on business property. Having a security system in place that includes cameras can easily identify the fraudulent claims against your business.

Theft of Services or Products

Appropriately placed cameras can be a major deterrent against crime on your business property. In additions security systems can sound silent alerts to you when a theft has been initiated that could possibly prevent the full commission of the crime. There are a multitude of savvy systems on the market to help ensure you are able to keep your business safe and retain your profit margin.

Insurance Discounts

Speaking with an agent today regarding insurance rate discounts your company may be eligible for if you have a security system in place at your business is a worthwhile pursuit. Not only can you save against fraudulent claims and theft your policy rate may be lower because you have preventative measures in place for protection. 

Stop by our offices at Integra Insurance Services located in Huntington, TX to further discuss how we can work together to ensure that your business has the best insurance protection.