All posts by Info Insurance

Texas Cargo Insurance

Freight Transportation Concerns for Shippers

As a transporter of freight and commodities you assume the responsibility for the cargo you have taken charge of. The actual amount, in dollars, of that responsibility should be clearly established by all parties involved and must be understood by the shipper and transporter before the shipment is in transit. This is generally done with a contract, by a bill of lading disclosure, or published tariffs. If not, where the responsibility lies in the event that the freight winds up damaged, lost or stolen could come into question.


By purchasing Texas Cargo Insurance you can now protect yourself, as the transporter, for any responsibility you may have in the event of damaged or lost freight. This policy is purchased with a maximum load limit per vehicle. Having less than the required amount of coverage for any freight you take possession of can prove disastrous to you in the event of a claim being filed.


Some policies may contain exclusions


A motor truck cargo policy can be tailored to meet your operations and most exposures you may face. Certain exclusions, or guarantees of compliance by you, may create situations where the necessary coverage might not be in place. Having a good insurance broker, one that will ask you pertinent questions that properly address this concern, is of the utmost importance.


Your Texas Cargo Insurance policy can also contain provisions to insure the cargo when it is in your terminal or warehouse. This exposure results when the freight cannot be delivered the same day or winds up being consolidated with other shipments. The coverage exists so long as there is no separate charge made for storage or warehousing.


Motor truck cargo insurance, comparable to having a Warehouseman’s legal liability insurance policy, protects you for most of the freight you charge storage charges for storing or taking control of. You owe it to yourself to utilize a warehouse receipt, which is similar to a bill of lading, for the storage of any items, which specifies the terms of your storage contract. If this process seems somewhat complicated, take the time to secure the advice of an agent familiar with these lines of coverage.


Financial Institutions and Errors and Omissions Insurance Coverage

Although you may not realize it, financial institutions, like many businesses, require errors and omissions insurance coverage, and AXIS can help. Speaking to an agent can help you determine how much and what kind of coverage your financial institution may need, based on your specific exposures.

AXIS offers errors and omissions policies that cover exposures resulting from the following:

  • Alleged or perceived underperformance.
  • An alleged breach of contract or of agreed investment parameters.
  • Lack of due diligence prior to making investments.
  • Alleged bad faith.
  • Alleged failure of internal risk control.
  • Concerns regarding the suitability of particular investments.
  • Incorrectly executed trades.
  • Alleged dishonest acts.
  • Alleged mismanagement.

While many insurance companies offer coverage against these exposures, AIS is unique in offering customized policies to individuals financial institutions, based on their unique situations and exposures. For example, individualized policies can be constructed to include:

  • Customized policy and aggregate limits.
  • Coverage for fines and penalties.
  • Regulatory investigations.
  • Cyber breach liability.
  • Coverage for both the institution and its employees and agents.

In addition to traditional financial institutions, AXIS offers coverage for other similar institutions, such as:

  • Hedge funds.
  • Insurance companies.
  • Investment advisors.
  • Dealers.
  • Brokers.
  • Activist funds.
  • Private equity funds.
  • Real estate syndicates.
  • Real estate trusts.

    Don’t leave yourself or your company exposed to possible litigation, fines, and other costs. Instead, seek appropriate errors and omissions coverage.
employment practices liability

Protect Your Staffing Agency From Issues Outside Your Control

Every company should be protected against employment practices liability claims. But, staffing agencies face more complex risks and challenges than some other businesses. The work environment is increasingly litigious, and staffing agencies have limited control over the culture where their employees are placed. Your company could be held accountable for another organizations failure to provide proper management in this sensitive area.

The most common types of employment practices liability claims are sexual harassment, wrongful termination, retaliation and discrimination. Other types of claims that you should be aware of include defamation, failure to promote, invasion of privacy and negligent evaluation.

Without insurance protection, your business could pay dearly. Out of court settlements can range from $75,000 to over $200,000 and litigation can take many months. In spite of these numbers, 7 out of 10 businesses do not carry this insurance.

Staffing Agencies Are Responsible

Staffing agencies are responsible for the wellbeing of part-time and temporary staff. However, the standards are unclear on where accountability begins and ends. Employees may be viewed as working for both the agency and the agencys clients. Your insurance should be tailored to address this ambiguity. These are some issues to be aware of.

Coverage should include both your companys employees and the part-time and temporary people you place.
Coverage should extend to pay defense or damages for a client even though this is not part of their contract.

A firm that specializes in employment practices liability coverage for staffing agencies can help you select coverage that is appropriate for your company.


workers compensation brokers

Why Do You Need Workers Comp Insurance?

As a modern-day business owner, you already know that you need to have all of your bases covered when it comes to insuring your place of business. Even so, there are many, many business owners out there who choose not to invest in important coverage like workers compensation. After all, why spend more money when it’s not necessary, right?

However, working with workers compensation brokers to get your business and employees covered is crucial for a healthy, forward-thinking business development plan. These plans are designed to give you better protection as a business owner when things go wrong and ensure you have the legal recourse you need. Furthermore, investing in this type of coverage can land you several different benefits, including:

  • A stronger risk management plan
  • Unique coverage for a wide range of different industries
  • A way to handle accidents in the workplace without breaking the bank
  • Legal representation in relevant cases

The truth is, allegations of unsafe working conditions and other issues that might lead to employee injury and illness can be expensive. Even if you don’t have to pay up in the end, legal battles can drain your business accounts quickly. Having workers compensation brokers find a coverage plan for you can help you avoid these issues so you can focus on developing your business further.

workers compensation insurance in Texas

To Insure or Not to Insure: That is the Big Question for Texas Employers Everywhere

Texas, unlike all other states, does not require employers to carry workers compensation insurance. While this is great news for themno monthly premiums!it can spell trouble if an employee gets injured on the job. If you operate a business in Texas, you may be wondering if workers compensation is a worthwhile investment. While the answer is always, It depends, it could serve you well to understand how workers compensation insurance in Texas works, and how it can save you time, money and headache in the long run.

Though you may save money on monthly premiums by not investing in workers comp, if an employee gets injured on the job, you could be looking at a multi-million dollar settlement depending on the extent of the employees injuries. Unlike the damages awarded in personal injury claims, damages in workers compensation claims are limited to economic damages. This means that an employee cannot be paid for their pain and suffering, future medical expenses, lost wages or loss of enjoyment for life. Damages simply include medical benefits, income benefits and death benefits, if applicable.

Additionally, the statute of limitations on a workers compensation claim is much shorter than those of a personal injury claim. The worker has 30 days to report their injury, up to 90 days to make an appeal and up to one year to file their claim.

Finally, workers compensation law places a huge emphasis on return-to-work programs, whereas personal injury law does not.

If you’re not sure whether or not workers compensation insurance in Texas is right for you, hopefully, the above information will sway your decision.

Trucking Liability insurance in Texas

Making Sense of Trucking Liability Insurance

Insurance for commercial trucking may seem complicated, with different options to insure vehicles, cargo and employees. To avoid getting overwhelmed by the details, make sure youre clear on exactly what is covered by different types of insurance. Trucking Liability insurance in Texas, for example, covers some very specific things depending on the type of liability insurance it is. In general, liability insurance protects you from paying out-of-pocket for damages caused to others. However, theres more than one type of liability insurance.

Non-Trucking Liability Insurance

Not every minute you spend in a commercial truck is billable time. When a truck is being driven for non-business purposes and theres an accident, non-trucking liability insurance covers personal injuries and property damage to the other party.

General Liability Insurance

This type of liability insurance pays for personal injuries or property damage that occurs in the course of doing business, but not as a direct result of driving a truck. This might include someone slipping on your property, or a fire on property you rent due to your negligence.

Pollution Liability Insurance

There’s a lot of cargo that needs to be shipped that may have a negative impact on the environment. If there’s a major accident involving chemical spills, oil spills, or other types of pollutants, pollution liability insurance pays for clean-up.

When purchasing trucking liability insurance in Texas, make sure you know what you’re getting. Talk to your insurance provider about creating a personalized insurance program for your company that includes the liability insurance you need.

liquor liability insurance for bars

New Bar Owner Checklist: Food, Drink, and Protection (the Insurance Kind)

The successful bar opening may involve a long to-do list, including buying drinks, hiring bartenders, and ordering good food. Before these things are done, however, the bar owner is well-advised to investigate liquor liability insurance for bars.

Why is liquor liability coverage important? Each year drunk driving results in thousands of deaths. Some accidents are caused by drivers who visit bars before heading out on the highway. Bar owners can be held liable for traffic deaths caused by their patrons. While this prospect is not pleasant to ponder, the reality is that bar owners may need to protect themselves. Legal action taken against a bar and its owner can take many months to resolve and many dollars to litigate.

In looking for liquor liability insurance for bars, owners may want to first seek a reputable firm with many years of experience. Start with firms that specialize in the hospitality industry. Plan to spend time with the companys representative learning the different coverage options available. For whichever plan you select, be sure to understand fully what is covered, how to file claims, and what to expect during the litigation process. Hearing firsthand what is involved once a suit is filed can show the wisdom of placing liquor liability coverage first on the new bar owner checklist.

adult club coverage programs

How Expensive is Adult Club Insurance?

Whether youre just starting out, expanding or are making changes to your business, its always important to consider insuring your business in adult club coverage programs if you havent already. Insurance coverage will protect you from any hiccups that may happen among all the hustle and bustle that comes with owning a business in the entertainment field.

Cost is always a concern for business owners as insurance is an ongoing investment. The cost for adult club insurance is going to vary from business to business depending on the size of your establishment, the number of people employed, the location of the club and the entertainment offered there. Club owners can expect adult club coverage programs to range between $3000-$5000 dollars on average per year. Larger establishments or ones that are in higher risk locations may have higher average costs in the plans they research. Finding an affordable plan can be difficult, but working with a professional insurance agent can ease the struggle of the search.

Working with an established agent can help you choose insurance with the best value for your club. Finding and comparing plans alongside an agent can give you the best opportunity for finding a coverage plan that fits your budget and keeps you safe from industry hazards and potentially catastrophic events.

trucking insurance in Texas

Coverage for Truckers on the Move

The trucking industry moves countless loads every month from pick up to destination, hopefully with little or no issues. However, the job is not an easy task, accidents are common and even seemingly routine jobs can result in damage to cargo.That’s why it is imperative to pay attention to all aspects of the job, from loading to driving to unloading, or face the possibility of claims as a result of lost freight or income, damaged equipment and dissatisfied customers.


A certain degree of trust is placed in your company to provide excellent service and take care of the goods placed in your possession. With trucking insurance in Texas, you and your clients will have the peace of mind that comes with knowing that, if something does go awry, the policy will take care of the financial responsibility for any lost or damaged items.


Prepare for the unexpected


Unforeseen issues can occur at any time, for example, officials may determine that a bridge is unable to support the weight of your load. This is turn will likely create costly delays, even requiring days of extra driving. Careful planning and attention to detail is crucial to ensure that route surveys are correctly performed, the right numbers of escorts are booked and all required permits are on hand.


Any glitch in timing could create problems for that seemingly routine load and result in a loss of customer trust. That’s why it’s good to do contingency planning, as a way to avoid potentially expensive oversights, setbacks, and disappointments.


Truck or commercial truck insurance in Texas is one of the best assurances that a truck owner or operator has to ensure financial security when accidents or delays come up. There a numerous insurance providers offering big rig commercial truck insurance for truck owners and fleet operators. You can buy a policy for general liability, trucking cargo, occupational accidents, and workers compensation, just to name a few.


This coverage is designed for the needs of owners and operators of commercial trucking fleets, as well as operators for local, intermediate and long-haul trucking operations and keeps clients satisfied that their merchandise is in capable hands.

marine insurance

Protecting Your Assets by the Water

Owning a marina provides those who love the ocean a lifestyle that is unique. The live on the water and work with vessels of all types and sizes. However, it is an occupation that comes with a number of concerns as well as increased liability and exposure to risk.


Marina owners and boat harbor operators have a great responsibility in running this these types of operations. They require marine insurance coverage for the many individual watercrafts nested on their property as well as coverage for the full protection of the properties they own and operate. The level of exposure that marinas and boat harbors face is quite high due to the fact that they handle a number of boats at once meaning problems may crop up from several different sources.


Getting the right coverage for your needs


Some of your main concerns in running this type of business are having protection in place for the storage of boats, the possibility of fire, which could destroy both crafts and your docks and offices and premises liability in the case of injuries or other types of property damage. This means that you must make sure that your marina or harbor insurance policy includes the right coverage for your needs.


Protection of your property and your business is paramount in operating an efficient business. Purchasing the right kinds of insurance, and in sufficient amounts, is the only way to fully protect your livelihood. Its easy to understand that no two businesses are alike, even within the same industry, so your choice for insurance coverage shouldnt be either.


Marina Insurers dont offer cookie cutter coverage packages. They have underwriters willing to take the time to speak with you directly in order to better understand your marina, your needs, and your business as a whole. This individualized approach will help you to better protect your property and your clients by catering to your specific needs for the optimal combination of marine insurance coverage types.