Owning your own business can be exciting and fulfilling. Few things in life will give you quite the same feeling of accomplishment. Owning your own business, however, comes with a certain load of responsibility and care. At Strack Insurance Services serving Arlington, TX, we love helping small business owners protect their investment. Keep reading to learn what you need to know about commercial insurance. 

What is Commercial Insurance?

Commercial insurance is a general term used to refer to a collection of insurance policies that help business owners protect their business. As the owner of a business, you are held in a more vulnerable spot when it comes to risk and liability. Commercial insurance can help to protect you from this risk and liability so that your assets are not put in danger. 

What Does Commercial Insurance Cover?

A commercial insurance policy can be customized to suit your individual needs. However, most commercial insurance policies cover the following areas:

Property Damage- If there is damage to the physical property that houses your business, commercial insurance will kick in to cover the costs of repairs. This also covers losses sustained during a burglary. 

Vehicle Insurance- If your business owns and operates vehicles, commercial insurance will cover those vehicles and vehicle operators the same way regular auto insurance does.

Liability Coverage- Business owners have special liability risks. If someone is injured or their property is damaged because of an employee or because of your services, liability insurance will kick in to cover these costs of any legal costs. Liability coverage also covers you in the event that an employee is injured while working for you. 

If you would like to learn more about commercial insurance, you can call our friendly staff today. Strack Insurance Services serving Arlington, TX is ready to help you with your insurance needs and questions. 

Having a life insurance policy in place is an important financial decision. In order to make the most of this investment, it is important to consider a few things before purchasing your policy. At Strack Insurance Services, serving Arlington, TX, we take great pride in educating our clients and future clients on these topics. Keep reading to learn about 3 things you should consider when choosing life insurance. 

Final Expenses 

Your final expenses will be the first thing to consider when purchasing life insurance. A life insurance representative can help you estimate how much of your policy should be designated for this expense. They can help you understand the different types of expenses depending on what your final wishes are. A life insurance representative can also help you estimate how much these expenses may cost in the future. 

Your Family 

Life insurance is an investment you make to ensure that your family is provided for in the event of your passing. Your family dynamics will be a crucial consideration when deciding which type of life insurance to purchase and how much. If you are married with children, you will want to consider what the future needs of your family will be. What will your spouse be able to contribute to these needs and how much life insurance money would be needed to supplement. 

Your Standard of Living

Each family has an individual standard of living and expectations. Most people hope that through a life insurance policy, they can help their family maintain their current standard of living. A life insurance representative will help you evaluate this in light of how much life insurance coverage you would need to help your family maintain their standard of living for a designated number of years. 

If you would like to learn more about life insurance, please contact our friendly staff at Strack Insurance Services, serving Arlington, TX today.