Self-employed Contractors: Do you have the right auto insurance?

Are you a cabinet maker, electrician, flooring installer, or other skilled worker with your own business? As a self-employed contractor, you probably use your vehicle at times to conduct your business. Do you have sufficient coverage for the risks involved with your job? Let’s take a look at a possible scenario to get an idea of how commercial auto insurance might be a smart choice for you.
Brady found a great opportunity to build his own business by using his heavy-duty power washer to clean decks. He had purchased the washer to use on his own property, but word quickly spread through friends and neighbors. Before Brady realized it, a profitable business had been born. Brady had a small truck with a trailer that he used for both personal and company work. One sweltering afternoon, Brady was cruising through town on his way to a customer’s home when his trailer came loose, crashing into the car behind him. Three people in the vehicle behind him were injured, and the car was totaled. Brady was shocked to discover that his personal auto insurance didn’t cover much at all of the damages incurred. The insurer finally agreed to pay up to the policy limit, but Brady faced a lawsuit against his business that ended with devastating results.
Does your personal vehicle ever get used for business purposes? Typically, using your personal vehicle to drive to and from work is not considered a great risk. You drive to a destination, park your car for the duration of your workday, then drive home again. As a contractor, however, there’s more of a risk if you are using your personal vehicle to haul heavy equipment, to deliver goods, or just to cover many miles a day to get to multiple job sites. That extra risk should be discussed with your insurance agent. Give Whiteside Insurance a call today, and we can make sure you get the commercial auto coverage you need.

Business Owners Policy – Custom Insurance for Your Business

If you own a business, commercial insurance is of great importance to you. Each business is unique, having various vulnerable points or areas of threat, not only to the business owner but to employees and anyone else who is invested in your company. At Whiteside Insurance Agency LLC, we can go over all of the details of your business to find the coverage needed to keep your company going, despite the perils that threaten to put you out of business.
Here are the main facts you want to understand as you decide what type of Business Owners Policy your company needs:

BOP (Business Owners Policy)

The vast majority of businesses in Texas are considered small businesses. When you own a small business, there are many types of risks that constantly threaten to shut you down.
With a Business Owners Policy, you get to pick and choose the types of coverage you think will fit best for your company. It all gets packaged neatly into a policy that is custom made for your business. Whether you feel the need for protection from a data breach, professional liability, personal and advertising injury, rental vehicle coverage, or so many more options, we can help you find what you need to keep your business safe from specific perils.

Coverage Available in BOP

The main parts of your BOP will typically include the following types of coverage:

Commercial Property Insurance

With this coverage, your building, inventory, and equipment are protected from hazards such as fire, theft, vandalism, or collision with a vehicle.

General Liability Insurance

If someone gets injured on your premises or is hurt by you or one of your employees, this will cover their medical bills or any legal fees should a lawsuit be involved. It also covers damage caused by you or your employees to other property. So if a customer comes to the front desk and drops and breaks their cell phone when a hurried employee bumps into them, this insurance coverage will replace that cell phone.

Business Income Insurance

If you need to temporarily shut down your company, business income insurance will make it possible for you to continue paying your employees until things are up and running again.

Crime Insurance

Fraud, theft, and forgery are a big concern in most businesses. With this insurance, you can rest assured that these threats are not a concern to you.

Other coverage is available, call us for a customized solution.

A business owners policy may not be the best fit for every company, but for the majority of small businesses, it is a perfect choice. Give us a call to discuss the difference between a business owners policy, commercial liability insurance, or other coverages available to business owners. We have so many options available for the wide variety of our customers and their businesses. Whiteside Insurance strives to provide the ultimate satisfaction to our customers, so let our agents assist in putting together the perfect policy for you!

Stay Tuned Two Things You Didn’t Know About Commercial Insurance

Not Your Ordinary Commercial Break

Commercial insurance is the insurance policy that you take out for your business. Because businesses are so complex, it is imperative that you speak with an insurance agent about your particular business before you have a policy written. The agents at Whiteside Insurance Agency, LLC in Spicewood, TX are here to help you learn more about how you can have the comprehensive commercial insurance you deserve.

A typical commercial insurance policy includes:

  • A property insurance arm which covers damage to your business property
  • A liability insurance arm which covers injury to third parties who are on your property
  • Workers compensation which covers injuries to your employees which are incurred on the job
  • Bet You Didn’t Know

    Self-employed individuals need commercial insurance just like everyone else who owns a business. Again, it is of paramount importance that you speak with a professional insurance agent to make sure that you are properly covered. Business owners that work out of their home, car, or in a local coffee house still need insurance. Of course, your policy would look much different from someone who owned a business in an office building. Whenever money is made, some liabilities can occur. When you decide to hang your shingle, no matter where it may be, it is the only business practice to ensure what you are doing.
    Whiteside Insurance Agency, LLC serves the Spicewood, TX area with expertise and distinction. Call us today at 830-693-8881. Come into our office and receive the in-person attention you deserve. We are located at 9416 Texas 71 in Spicewood, TX.