Purchasing adequate commercial insurance is among the costs that a business shouldn’t skimp on. However, when it comes to general liability and professional liability, most enterprises in Arlington, TX, purchase only one of the options. At Strack Insurance Services, we suggest you familiarize yourself with general liability and professional liability before deciding which to buy. Here’s a breakdown of your commercial policy’s general and professional liability coverages.

What is general liability vs. professional liability?

General liability insurance protects against claims made by third parties such as clients alleging that they suffered physical harm because of your business or its negligence. On the other hand, professional liability is an error and omissions insurance that protects against claims of financial loss due to oversights, negligence, and errors related to your professional services.

What is covered in general liability vs. professional liability?

General liability coverage takes care of:

• Bodily injury claims like when a customer gets hurt on your business premises
• Medical payments for the injured customer
• Damage to a customer’s property on your business premises
• Reputational harm in case you are sued for slander, privacy violations, malicious prosecution, libel, and wrongful eviction. 
• Advertising errors

Professional liability takes care of business legal defense and settlement costs associated with:

• Clerical errors that cost clients thousands of dollars
• Missed sales opportunities for your clients due to delays on your end as the manufacturer/supplier
• Penalties to your clients due to inconveniences caused by you

Who needs general liability vs. professional liability?

General liability coverage is a must-have for all small businesses. Lawyers, law firms, technology professionals, home inspectors, accountants, tax preparers, and consultants need professional liability coverage. However, health care professionals need medical malpractice insurance, a form of professional liability insurance. Most large-scale enterprises need both general liability and professional liability insurance.

Are you seeking customized commercial insurance in Arlington, TX? Contact Strack Insurance Services for unrivaled professional assistance.

Many Arlington, TX residents get life insurance to ensure their families are financially secure if they pass away. However, many of those with no dependents don’t see the need to get life insurance. At Strack Insurance Services, we recommend that you get life insurance even if you have no dependents. Here’s why:

1. To Pay For Your End-Of-Life Expenses

Many people who have no dependents and think they don’t need life insurance never consider how they will pay for their end-of-life expenses like funeral and burial arrangements and costs. Others assume they will have sufficient time to make their funeral and burial arrangements and pay for the expenses. However, since death is unpredictable, they typically leave the burden of their funeral and burial arrangements and costs to their friends when they die. 

Even if you don’t have dependents, purchasing final expense life insurance is wise. This policy will pay for your funeral arrangements and burial expenses. Thus, your friends can concentrate on giving you a worthy sendoff. 

2. To Pay Your Debts

If your death comes following an accident that results in severe injuries or a coma, there is a possibility that you will have spent weeks in the hospital under intensive care before your death. This means that you will have accrued significant medical bills. The case is the same if your death comes after a lengthy hospitalization due to severe illness. Such medical bills and debt might cause inconveniences to your funeral arrangements and burial. However, if you have a term or permanent life policy, the settlement will be used to clear your medical bills debt, although you have no dependents. The payment can also be used to remove your student loan debt. Therefore, getting life insurance with no dependents will eliminate the possibility of debt tarnishing your legacy after death. 

Contact Strack Insurance Services for life insurance advice in Arlington, TX.

To a certain point, filing a flood claim with Strack Insurance Services goes just as it would with any other type of claim.

You start the process by phoning your insurance agent. If our offices have to temporarily close because of the flood, phone the toll-free number on your insurance policy to start your claim.

You will need to provide the representative with your policy number and an email address or telephone number where the insurance agent can reach you.

You may have had to evacuate your home. In this case, you probably can’t document your flood damage immediately. If you don’t have to evacuate, you should document any flood damage by photographing it and making a video of it, including the water height and closeups of any damaged items.

Suppose you had to evacuate your home or business as soon as law enforcement and the Federal Emergency Management Agency (FEMA) allowed you to re-enter it. In that case, you need to complete this documentation. According to FEMA, you must take every possible precaution to prevent mold and mildew from forming.

Part of that process includes separating the damaged property from undamaged property. After taking photos of the damaged items, take them to the dump or have them hauled away. You will need your yard space to dry your salvageable items.

Make a list of damaged or lost items to provide to the insurance adjuster. You can help speed up your claim by providing purchase dates or receipts. You can use credit card statements to document this information, which you can typically access online via your bank.

As soon as possible, complete the insurance paperwork, including the Proof of Loss statement. Your insurance adjuster will probably help you fill this out. The law provides you with 60 days to file the Proof of Loss statement, so you may need to do this without visiting your home, as occurred during the Hurricane Katrina flooding.

You’ll receive your payment from Strack Insurance Services based on the documentation and details of the flood insurance policy you purchased. Let us help you protect your Arlington, TX home or business from flood losses. Contact us today.

Motorcycle insurance is similar to auto insurance in that it provides financial coverage and protection in different situations. Our team at Strack Insurance Services is happy to explain what coverage and protection are offered by motorcycle insurance. We’re committed to educating our Arlington, TX residents.

What Does Motorcycle Insurance Cover?

Typically, a standard motorcycle insurance policy will cover medical payments, bodily injury, and property damage. Crashes and underinsured/uninsured motorists are covered as well. However, this coverage is optional. Motorcycle insurance provides protection and financial coverage for accidents, injuries, and property damage. 

How Does Property Damage Motorcycle Insurance Cover Damage to Someone else’s Property?

Property damage coverage designed to cover damage to someone else’s property falls under liability coverage. Liability property damage coverage kicks in when you are at fault for an accident that damages someone else’s property. 

Property damage incidents occur more frequently with motorcycles than with cars. This insurance will pay for repairing or replacing property damage caused by an accident where you were declared at fault. Texas requires motorcycle drivers to carry at least $25,000 in property damage liability. These funds are used to rebuild, repair, or make adjustments to damaged property. In some situations, property damage may be extensive and require total replacement. These funds are allocated for replacement as well. Of course, you can purchase more insurance if needed. However, Texas law requires motorcycle drivers to carry at least $25K in property damage liability. 

Our team at Strack Insurance Services can discuss your specific situation and come up with compatible coverage options. We understand that our Arlington, TX residents may have many questions regarding what’s covered under a motorcycle insurance policy. As a result, we’re here to answer all of your questions. Give us a call. We’re standing by.

If you love spending time on the water, you know that boating can be fun. But it’s important to be aware of the risks involved in boating and take precautions to minimize those risks. Here are five of the most significant safety risks when boating and how insurance can help protect you against them.

1. Collision With Another Vessel

When two boats collide, it’s not just a question of damage to each boat. Depending on the speed and size of the boats, people can be seriously injured or even killed. Boat insurance can help cover the cost of damages and injuries.

2. Falling Overboard

This is one of the most common risks when boating, and it can happen in several ways. Whether it’s slipping on a wet deck, being pulled overboard by a passing boat, or simply not paying attention and falling off your own boat, it’s important to be aware of the danger of falling into the water.

3. Fire

A boat fire can be caused by many things, from careless smoking to faulty wiring. A fire on board a boat can spread quickly and cause serious damage, so it’s essential to have insurance that will cover the cost of repairs.

4. Weather Conditions

Several weather-related risks come with boating, from storms and high winds to waves and lightning. And while you can’t always control the weather, you can be prepared for it by having the right insurance.

5. Equipment Failure

Whether it’s your boat’s engine quitting or your sails tearing in a storm, equipment failure can put you in a dangerous situation when you’re out on the water. And if you don’t have insurance to cover the repairs, it could be costly.

No matter how careful you are, there’s always a risk that something could go wrong when you’re boating. But if you have the right insurance in place, you can rest assured knowing that you’re covered in case of an accident or emergency. Strack Insurance Services can help you find the right boat insurance for your needs in Arlington, TX, so contact us today to get started.

Riding an ATV can be a great way to have fun and enjoy the outdoors. If you enjoy riding, you may be wondering if you need insurance for your ATV. The truth is that you really should have some sort of protection. Many places even require insurance if you want to ride on their land. 

That being said, you may be unsure about what ATV insurance covers? Here are some things that will be covered under your plan. 

Bodily Injury Liability will pay for medical bills for anyone that is injured in an accident. It may also cover any legal fees if you get sued because someone is injured while riding your ATV. 

Property Damage Liability covers any damage that may occur to someone’s property if you are in an accident on their land. This may include damage to a fence that you hit while you were out riding or any other damage that you could have done. 

Uninsured/underinsured motorist is optional insurance that you may want to consider. It will protect you if you are involved in an accident with someone who doesn’t have insurance (or just doesn’t have enough). 

Collision is also optional insurance. This will cover any damage that occurs to your ATV in an accident, even if your ATV rolls over. You may want to add this option if your ATV was expensive. You may be required to have this if you are taking out a loan to buy your ATV.

Comprehensive is also optional. It includes damage that may occur to your ATV when you are not riding it. This includes theft, vandalism, flooding, and much more. 

If you are unsure about whether you need ATV insurance, be sure to call Strack Insurance Services in Arlington, TX. 

Do you own an RV? The team at Strack Insurance Services is here to help you with all of your insurance needs. If you are in the greater Arlington, TX metro area, you can rely on us! Let us help you make sure that your RV is fully protected.

Comprehensive coverage for your RV

Getting out on the open road is one of the many joys of owning an RV. But, you will also need to have insurance coverage when it is in a campground or RV park, or stored at home. Out on the road may be where you spend the most time in your RV, but it isn’t the only place where you need insurance coverage.

When you opt for a comprehensive RV policy, you are choosing to give yourself the peace of mind that comes with knowing that you have the protection you need. A more comprehensive policy can help protect you in a number of different situations. For example, if you take your RV to a campground or park for an extended period of time, you may need additional liability coverage. This is especially true for anyone who entertains a lot or has multiple visitors staying with them in their vehicle. Injuries can happen, even in an RV!

Think beyond the road when it comes to finding the right insurance policy for your vehicle. You want to make sure that you are protected, no matter where you are.

Call or stop by today!

Arlington, TX area residents can count on us! The team here at Strack Insurance Services is dedicated to serving the insurance needs of our community. Give us a call or stop by our office to learn more about how you can protect your RV no matter where it is!