When To Upgrade The Commercial Insurance For Your Growing Company.

At Southwest Insurance Center we know many small and medium-sized business owners who work diligently every single day to make sure that their company provides quality services, has integrity, treats employees right, and has a path for growth in the future. Many business owners have so much to do and consider in a single day that their commercial insurance is simply a box checked off when the policy is purchased without much more thought. We want to make sure our customers in and around Austin, TX are always protected to the max so here are some scenarios where you may want to upgrade your commercial policy. 

  • If your company added or moved locations. Your policy in one location likely is not one size fits all, be sure that you are covered anywhere you conduct your business. 
  • If you add employees. More employees mean more people to protect, and more risk so you should always evaluate your policy as your company grows. 
  • If you have increased in monetary value or assets. Congratulations on your success. Now you should know that even without changing a single element in your company, success itself actually increases your risk for lawsuits and leaves you with more to lose if something goes wrong. Many people add an umbrella policy to specifically cover liability and their increased assets as the company grows. 
  • If you add a service. Did your company get its start selling graphic t-shirts that you designed yourself and now you also sell banners and deliver them around town? Or maybe you made floral bouquets and now you added edible arrangements? Whatever it is, you will be most protected if you update your commercial insurance to reflect all of your business services. 

Contact us at Southwest Insurance Center if you have any questions about insurance for your growing business. We serve the communities in and around Austin, TX. 

Reasons a home insurance claim may be denied

Home insurance offers valuable protection you count on to cover you in the event something bad happens to your home. What could be worse than having your home insurance claim denied? Not much. Having to be responsible for repairing or replacing your home would be a nightmare and something you want to avoid. Knowledge is power so knowing what could cause a claim to be denied can help you to avoid letting those things happen. If you live in Austin, TX,  Southwest Insurance Center is the place to go when you are looking for a trusted independent insurance agency. 

The claim is under the deductible

Home insurance policies have a deductible. It may be $500 or it can be $1000. If the claim is not more than the deductible amount, the carrier will not pay on it. 

The type of damage is not covered

If you have not read your insurance policy you may not realize there are exclusions. Not every type of damage or loss is covered. The most common exclusion is flood damage. Damage due to mold, termites, and other insects is also not covered. You can often add a rider to your policy to cover additional damage. 

Wear and tear

Homes age and if your furnace dies because of old age it isn’t going to be covered. If your roof has reached the end of its useful life, any damage resulting from leaks, etc will not be covered. You are expected to maintain your property. 

Lapsed policy

It can happen, you forget to pay your premium and your policy lapses. It would be incredibly bad timing to have a claim you need to file when your policy is not in force. 

Knowing what can cause a claim to be denied helps you to make sure it doesn’t happen to you. At Southwest Insurance Center in Austin, TX, we will make sure that as our clients you understand your home policy. To discuss your home insurance needs give us a call for a no-obligation quote.