Required Commercial Insurance in Texas

When you own a business in Texas, there are certain types of commercial insurance that you have to have by state law. There is mandatory insurance, and then there are many types of commercial insurance that are generally recommended to business owners but that are not required. If you are interested in commercial insurance, give us a call now at Ross Insurance Agency in  Waco, TX.

Commercial Auto Insurance

A vehicle in Texas that is owned by a business must have commercial auto insurance. This insurance is required to have at least a specific amount of coverage for bodily injury liability for one person who becomes injured in an accident with the vehicle and another, a larger amount is required for all of the people injured in an accident. The policy must also have a set minimum amount of property damage liability. These amounts are relatively low in Texas, however, and it’s generally recommended that you raise the amount of coverage that you have to be able to pay for a serious accident. 

Other Commercial Insurance Types

Most states mandate that a business must have workers’ compensation insurance so that they are covered in case an employee has an accident at work. This isn’t required in Texas, but it’s highly recommended for businesses of every size. Another type of insurance that is important for many businesses is cyber insurance. This protects you in case of data theft and other risks that a business today faces. Getting a business owner’s insurance policy protects you against a number of risks that your business may face, and it’s highly recommended for most businesses. 

Get Your Commercial Insurance Policies

When you need commercial insurance policies to protect your business and your finances, you can give us a call at Ross Insurance Agency in Waco, TX.

Home insurance requirements

Home insurance is so important for homeowners. Insurance helps you feel secure and safe in your home, knowing that you’re covered if anything happens at all. While home insurance is flexible and can cover different things depending on your wants and needs, you should read up on your requirements and recommendations when it comes to insurance. 

Ross Insurance Agency in Waco, TX is proud to offer home insurance to residents in the state of Texas. Because of our excellent work with multiple providers, you will receive multiple quotes to choose from. Our agents can walk you through them. 

Requirements in Texas

Texas actually does not have specific homeowners insurance requirements. This means you technically do not need to get insurance for your home if you do not want to. But is this the best idea?

The short answer is no. It is never a good idea not to get insured. You could experience anything from a break-in to flooding or even someone tripping over in your house. Texas also has many places with frequent natural disasters such as storms and floods, and if you live in an area at risk for this, you should definitely include this on your insurance plan. 

Additionally, mortgage providers can refuse you any loans if you do not get your house insured. Similarly, you can be refused loans for not being insured for a natural disaster if you live in an area that is at a risk for it.

If you are a Texas-based homeowner, we can help you look at your home insurance options now. Give Ross Insurance Agency in Waco, TX a call. You can also compare quotes yourself first by going on our website. 

4 Benefits Of Comprehensive Auto Insurance

Ross Insurance Agency provides coverage to the Waco, TX community. For over 10 years, we have helped the community find policies to protect what matters most. We strive to serve our clients with integrity. We look forward to helping you find the coverage you need to live a comfortable lifestyle.

4 Benefits Of Comprehensive Auto Insurance

Auto insurance covers you as you travel around Waco, TX and beyond. Operating a vehicle is risky, as a serious accident could happen in a split second. Auto insurance protects you if you are involved in an accident and your vehicle is damaged or someone is injured. You are also protected if you are held liable for any damages. Comprehensive coverage is one of the most popular auto insurance policies. Here is an overview of comprehensive coverage.

Protect Your Vehicle If It’s Stolen

Comprehensive auto insurance covers your vehicle if it’s stolen or vandalized. However, it’s important to remember that you may need extra coverage if you have customized your vehicle. Adding extra coverage will fully protect you if your amenities such as chrome wheels are damaged.

Protects You Against Inclement Weather

Texas is known for its severe weather. As hurricanes and tornadoes move through the area, comprehensive auto insurance covers you if your vehicle suffers damage as a result of severe weather.

Animal Collisions

Perhaps you are riding on the freeway and a deer comes out of nowhere and collides with your vehicle, causing damage. Comprehensive auto insurance will cover the damage.

Emergency Situations

Comprehensive auto insurance covers your vehicle in emergency situations. You can receive assistance if you have a flat tire or run out of fuel.

Ross Insurance Agency Will Help You Protect Your Assets

Visit our website to learn more information about auto insurance.

What every new homeowner needs to know about home insurance

Buying a home is what 65% of Americans define as the American dream and that number is on the rise. Buying a home is just the beginning. Keeping it safe becomes your next challenge. Home insurance can be customized to suit your needs and having an independent insurance agent who knows you and your home insurance needs really helps. In Waco, TX, Ross Insurance Agency has 15 years of friendly and reliable service. 

Home insurance is customizable

You don’t have to have the exact amount of coverage as everyone else. Take the time to talk to your insurance agent and make sure that all parts of your home insurance policy are what you need. 

Home insurance doesn’t cover everything

You may be under the mistaken impression that you are 100% safe with home insurance and while you will have great coverage, it has its limits. Not only are some specific categories of insurance content limited (like jewelry) but some things are excluded from coverage altogether, like floods, earthquakes, and sewer backups. 

Read your declaration page

Your home insurance comes with a declaration page that will give you a lot of information about your insurance at a glance. If you have questions about the meaning of some of the coverage, ask your insurance agent to explain it to you. 

Know what your deductible is

Your policy comes with a deductible and maybe even more than one. You need to know what they are and what they apply to. 

Choose your content coverage wisely

Content coverage comes in two varieties; actual value, and replacement. With one, you get the current value of older items; with the other, you get to replace things at today’s cost. Choose carefully!!

In Waco, TX, contact Ross Insurance Agency when you are looking for a team of experienced insurance agents.

4 Important Workers Compensation Facts

Ross Insurance Agency serves the Waco, TX community, as well as the surrounding areas. We strive to help out clients protect their assets. We offer flexible policies designed to meet our client’s needs as they evolve. We will sit down with you and help you assess your options.

Important Workers Compensation Facts

Commercial insurance helps Waco, TX business owners protect their investment. As a business owner, you are aware that operating a business comes with a lot of risk. Commercial insurance covers you if your property is damaged and your equipment is stolen. You are also protected if your business is held liable for property damage or an injury. Commercial insurance is a safety net against potential legal action. One of the key parts of commercial situations is workers compensation. Here is a look at some important workers’ compensation facts.

Workers Compensation Covers Rehabilitation

If one of your employees is injured in the workplace, workers compensation covers their medical treatment and rehabilitation. This allows your employees to focus on getting better.

Workers Compensation Provides Disability Benefits

If one of your employees becomes permanently disabled, workers compensation will protect them. They can receive coverage even if they return to work in a limited role.

Only Workplace Injuries Are Covered

If your employees are injured away from the premises, they are not eligible for workers compensation coverage.

Workers Compensation Benefits Your Business

Having a strong workers’ compensation plan shows your employees that you value their contributions. This helps improve employee morale and makes your business more attractive to potential new hires.

Ross Insurance Agency Will Help You Protect Your Investment  

Visit our website to learn more information about commercial insurance.