Good Reasons To Call Your Insurance Agent

Home and Auto Insurance Update

Let’s face it, you buy home and auto insurance to protect you when and or if an accident happens. And when you have an accident, you want your personal insurance to respond.  If it has been a while since you updated your personal insurance coverage, you may want to call us today.

When to Call Your Agent

When you buy or sell a car

If you started a home based business

If you are thinking about putting in a pool

When you purchased any high end jewelry, guns or other items

If you home replacement value has gone up

Did you get a company car?

If you have remolded any part of your home

When you install a security system in your home

If you get married or divorced

If your commute distance has changed

When your children go away to college

Having the right auto coverage is not as easy as it sounds, and choosing the wrong coverages and limits could lead to financial disaster.  Our team is prepared to help you find the right combination of coverage, price and service.

Texas Business Insurance

Business Insurance

According to the latest surveys by major insurers, small to medium sized businesses have a number of critical gaps in their insurance coverage. The reasons for gaps vary; not fully understanding how certain coverage applies to their business, buying insurance from a captive agent who can’t provide the coverage, thinking their commercial coverage provides the coverage, and finally believing they don’t have the risk.

Business Insurance For Your Organization 

Here are the coverage’s you should consider to make sure you are adequately protected.

Pollution Liability- Protects against the liability that comes with polluting the       environment including restoration and cleanup, liability for injuries and deaths caused by pollution.

Cyber Liability- Cyber liability is the risk posed by conducting business over the Internet, over other networks or using electronic storage technology. It covers third party losses from hackers, theft, and loss of information including sensitive client or individual personal information.

Directors & Officers Liability– Covers costs, damages, and defense protection to directors and officers of a company resulting from law suits and judgments arising out of poor management decisions, employee dismissals, shareholder grievances, and other such acts committed in good faith.

Employment Liability– Employment Liability provides protection for an employer against claims made by employees, former employees, or potential employees. It can cover discrimination (age, sex, race, disability, etc.), wrongful termination of employment, sexual harassment, and other employment-related allegations.

Professional Liability– Insurance that is designed to cover third party claims, damages and claims arising out of providing professional advice.  Many firms create legal obligations arising out of a professional’s errors, negligent acts, or omissions during the course of providing services to clients.

We are ready to help you better understand your risks. Please call our office today.

 

 

There Is Insurance for (Almost) Everything

 Business Insurance Update

Most business owners buy commercial insurance to cover fire, theft, and certain liability risks.  However, did you know there are many unique insurance products that can also protect your business?  Your business insurance should be able to respond to almost all the activities in which you are involved, but if you are not properly insured, it may not.  Therefore, we thought we would explain several business coverage’s you may not have considered. 

Unique Kinds of Business Insurance 

Political Risk Insurance—The world is becoming a very dangerous place, so there is coverage for business owners and executives who travel to foreign countries.  Kidnap and ransom coverage can protect your executives in case of an unforeseen event.

Giving Advice—Do you or your employees give advice to your customers?  If so, you may need Professional Liability Insurance.

Foreign Liability—If you export products to a foreign county, your business is at risk of a product liability claim if the products cause an injury or loss.

Loss of Value—If you rely on your voice or other talent to produce income, you can buy insurance to cover yourself in the event you are unable to perform.

Environmental—Environmental insurance is there to protect humans and physical assets from the effects of pollution exposure, so you can carry on running your business without worrying about major oil spills or other catastrophic events.

Chicken insurance—Many people insure their pets, but you can also buy coverage to insure your chickens or other animals.

Tax opinion insurance—Acquisitions, reorganizations, mergers, or other changes of ownership can present complicated tax problems.  Tax insurance protects the business in the event the transaction produces a larger than expected tax liability.

We Know Insurance

Apple Insurance Specialists is an Austin-based independent insurance agency offering a wide range of cost effective solutions to individuals, families and businesses. For over 14 years we have provided exceptional customer service and comprehensive insurance coverage to our customers. As independent insurance agents in Austin, we offer a selection of insurance policies through trusted insurance companies such as, Travelers, Hartford, MetLife and Progressive. Our #1 priority is to provide each customer with insurance quotes representing the best value and the protection they need to safeguard their business and personal assets.

How Cyber Liability Insurance

Almost every business has a cyber liability exposure.  Most businesses are securing some form of coverage to protect their companies from these types of threats.  A recent report by a leading insurance firm said that purchases of cyber insurance grew over 30% in the last year.  It has become clear that even a good IT department cannot solve all the cyber risks your business has.

Cyber liability coverage (for data breaches) has evolved from just insurance for information technology companies, to coverage that nearly every kind of business should have — if they do not already.  Businesses including retailers, banks, contractors, distributors, restaurants, medical offices and more are unaware of the severe data breach exposure they face.

Here are a few of the latest methods used by cyber criminals

Social Engineering.  This email looks like it is coming from your boss or CFO to transfer funds into the company account.

Direct Force.  This is software that attaches to your computer, usually through emails, and then goes through hundreds of thousands of different words, combinations of words, and numbers to try to crack your password.

Pushing.  This is a common way to gain entry and pull information.  Again, usually attached to an email, and once it is opened, the virus accesses your system.

Cyber Insurance

We can provide your firm with the right combination of pricing and coverage.  Cyber risk insurance is available at very reasonable premiums.  Many of our companies offer coverage to help protect your business from loss.

Business & Insurance

Last month a driverless car drove from San Francisco to New York. See Article. The future is now, and if you want your business to compete over the next few years you may want to pay attention to the following topics. There are a number of factors that will affect the business of insurance in the near future.

Technology

Our world has gone digital. Technology has changed the way you relate with your customers. Have you invested in the right technology, and do you have it insured?

Cyber Liability

With the growth of technology, we can now access and store data from our cars, homes and while on the go. This creates a real need to have effective data security, the most up to date protection, and policies and procedures for use and storage. Part of cyber management includes having a cyber-liability policy for your business.

The Next Generation of Leaders

Millennials will lead the next generation in the workforce. Is your business prepared?  Millennials like to live and work in the same community, use public transportation and work from home.

Energy Prices

As the price of oil drops it has become more economical to deliver goods and services.  However, there are more auto accidents as a result.

Employment Liability

If you have employees, you are exposed to potential employment liability claims. Employees know their rights, and it is time for all employers to become more informed about how to protect their companies. An EPLI policy covers claims made against directors, officers, employees, the company and its subsidiaries.

Why Your Insurance Agent Is Your Best Friend

Are you frustrated with the lack of good customer service? Are you tired of calling a company and getting someone in a foreign county? When you go to the store and ask for help, do you get a teenager who knows less than you do about your questions?

If you are looking for insurance, it can be much easier than you think. Working with an agent will save you time and money on your insurance.

Why You Should Be Your Agents Best Friend

Agents care about helping you find the best combination of price, coverage, and service.

When you call our agency you get a licensed professional who can actually answer your questions.

We take time to find the best option for you.

You will get more choices of insurance products and companies.

Our employees live and work in your community.

If you have a claim, you have an advocate to help you.

We can make insurance easier to understand.

We offer many online services you may desire, always backed up by a real person.

We know which companies have the best track record when it comes to pleasing their policy holders. We can narrow your options down and help you choose between the best insurance companies in the market. Not all insurance agents are the same! Choosing the right one can make a big difference – in price, service, and value. Our agency has a proven track record, we live here and we understand the needs of our neighbors.

 

 

Civil Disobedience Is Newer Civil

A Risk Management Update

There seems to be a growing number of protects and civil disobedience these days. For whatever the reason for the protests, it does create a risk for your business. Your business insurance is designed to protect your business from unknown claims or accidents. Our job is to be your business insurance resource and to provide you with the best combination of coverage, price, and service.  A commercial liability policy can protect your company from actions by yourself and employees if a third party is damaged or injured.

Are Riots A Covered Loss?

Generally speaking, damage to your building and other property due a riot is a covered peril. This would include fire, theft, and vandalism. If you were forced to close your business by civil authority but had no building damage you may be able to collect for lost revenue, depending on how your policy is written. Remember, each policy is unique, so call our office for a review.

What If The Fire Department Refuses To Put Out The Fire?

Insurance companies generally will not deny a claim because the fire department pulled back for safety reasons. If civil authorities limit or restrict access to a burning building, your insurance will not be jeopardized.

Final Thoughts

Business insurance is designed to protect your business from accidents and other unforeseen events. Many of the damaged businesses had insurance, and those that did not will most likely have to close their doors.

Five Reasons an Independent Agent Is Better Than Online Insurance

A Personal Insurance Update

Buying insurance for your home, auto, or business is one of the most important decisions you can make.  Just ask the people of Houston, Texas.  Currently, independent agents are on the ground helping their clients finalize their claims so they can get back to their daily lives.

We understand what is important to consumers when it comes to securing insurance. These are the things people feel are important when it comes to purchasing insurance: *

Cost

Ease of obtaining coverage

Speed of obtaining coverage

Peace of mind that everything is covered

Security of personal data

*Source: Adam Bishop

Here is how we help you with each of these

Cost – Independent agents have access to more markets and have better relationships with insurers, thus affording better pricing options for you.

Ease of obtaining coverage—We actually do all the legwork for you. You will not be routed to a call center, placed on hold, and then talk to someone who may not even be licensed.

Speed – It is easy to call or meet with us. We live in your community.

Peace of mind – We make sure that you are covered for what you need to be covered for.

Security – We make sure all your personal information is secure.

See full article

2017 Was A Tough Year For Many Insurance Companies

2018 is here, and 2017 is in the rear view mirror.  Last year we saw and experienced many hardships and disasters, but also hand many successes.  We hope 2018 brings you much happiness and success.  2017 was a year in which many entire communities were destroyed by storms and wildfires, 20 million or more people experienced an identity theft, and a number of women come forward describing their sexual harassment.

Here is a list of the top risk issues for 2017

Wildfires in California and Oregon – over $4 billion in damage

Storms in Texas, Florida, and the Northeast

Flooding in Texas, Oregon, and most of the Midwest

Identity theft and cyber breaches

An increase in sexual harassment claims

The continued evolution of driverless vehicles

The regulation of drones

Advances in home technology

Retention of key employees

The ability to attract quality workers

Terrorism

Random shootings

Over the next few months we will try to help you develop a clear plan on how to manage these risks. Please contact our office and we will be happy to help you identify what is important to you and then put together a plan to help you manage you risks most effetely.  Here are just two.

Identity Theft and Cyber Breaches

Identity theft insurance provides reimbursement to victims for the cost of restoring their identity and repairing credit reports.  This type of insurance will help you with certain kinds of expenses to aid you in restoring your credit. Cyber policies cover the liability arising from website media content as well as breach related property losses such as: (a) business interruption, (b) data loss/destruction, (c) computer fraud, (d) funds transfer loss, and (e) cyber extortion.  It can also provide notification and other services for a covered loss.

Harassment Claims

Your business must address this issue head on.  First, you need to secure employment practices liability insurance.  This insurance will offer defense and indemnification coverage should you be involved in an employment litigation.  Second, your business needs to have a clear anti-discrimination policy.  The policy should include reporting procedures and anti-whistleblower provisions.