College is a wonderful time of learning and making new friends. It’s also an important time for professional advancement as well as fostering those first serious relationships. In the excitement of it all, it can be easy to forget about renter’s insurance for the college couple. But this important milestone should not be overlooked. Accidents and thefts can occur on or near a college campus in Arlington, TX, just like they can anywhere else. Whether you or your children live separately or together as a couple, there are a few important points everyone should look at with Strack Insurance Services at when it comes to renter’s insurance. 

One important list item to determine with renter’s insurance is whether you or your students already have it. If you have homeowner’s insurance and your college student lives on campus in a dorm, your homeowner’s insurance may cover one of the students. For a couple to be insured, whether or not they live in the same dorm, each student’s parents would need to have insurance that covers them. Homeowner’s policies vary, so check to make sure that your coverage includes property and liability insurance if that is what you need. Extra coverage may be necessary if the homeowner’s policy covers only property insurance. 

If you or your students are living off campus in a home, condominium, or apartment near Arlington, TX, you may want to acquire both liability and property insurance for everyone’s peace of mind. Some policies cover all those under the same roof and may cover both significant others, married spouses, or simply roommates. In other cases, each person will need individual insurance. Call Strack Insurance Services today to find the right policy for you or your students during college. 

General liability insurance ensures that your business is protected from potential damages. Most business owners understand the need for business insurance, but they may lack enough knowledge to figure out just the right level of protection. In case you are in this category ensure you contact your local professional such as Strack Insurance Services in Arlington, TX to help you.

A General Liability Insurance policy may help your business in things like:

Third Party Property Damage

If somebody in your payroll damages a third party’s property, then you may have cover the damages. General liability insurance will help you cater for such costs. For example, your employee accidentally damages property on a neighboring office in a midst of work-related activity, the neighboring business will file a lawsuit. Your general liability insurance will cover such claims.

Third Party Bodily Injury

If a person accidentally falls on the slippery floor and breaks their arm. They may file a bodily injury claim. Your general liability insurance will chip in. It will help you cover for the medical bills and other charges that may be associated with the injury.

Reputation Harm

Some businesses may file a claim that your business has negatively impacted their business. For instance, while in an interview, you may be asked to comment on the competition. And when your competitors read this interview, they may suggest that your comments were slander against their business.

In such instances, general liability insurance will help you cover the cost of the lawsuit.

Businesses need to be always ready to cover any risk that may come their way to avoid being eliminated. There are numerous insurance agencies, one of them being Strack Insurance Services, that are ready to help any business through tough times. Any business in Arlington, TX has the opportunity to survive tough times, that’s why general liability insurance s necessary for any business.

Not only is it possible to have more than one life insurance policy from Strack Insurance Services, but you should also have more than one policy to truly protect yourself. Since it does cost you more to buy multiple policies, the coverage should be justified. If you are single and only make $45,000 a year, for example, then you probably don’t need to have millions in coverage, since life insurance policies are designed to protect dependents.

While not everyone may benefit from more than one policy in Arlington, TX, there are some instances where it works. If you need additional coverage after you have another kid or new mortgage, it may make sense to buy a new life insurance policy instead of just increasing the coverage limits on your current policy. There is an advanced financial strategy that comes with more than one policy, and this can be known as ladder strategy. This involves a few term life insurance policies that are designed to expire as you start to pay down debt. With this, you may have a 30-year, 20-year and 10-year term policy all at once. With this strategy, you may get lower premiums over the lifetime of the policies, instead of just one level premium. There is also the option to mitigate risk with more than one policy. It is vary rare that a life insurance company will go out of business, and there are protections in place for you if that happens, but some people just don’t like the idea of relying on one policy in order to plan for their beneficiaries’ future.

There are also different types of life insurance polices to consider. You may want a combination of term and permanent polices. Since term life insurance is put in place for a specific time period, many might want to rely on this coverage during a time of heavy financial burden. An example is when kids are young and there is a lot of principal left on their mortgage. This way, you still have a permanent life insurance policy for when your term policy drops off.

Contact Strack Insurance Services, serving Arlington, TX, to get a quote on life insurance.

Workers compensation insurance is not required by Texas state law, but it is a coverage that many employers opt to purchase to help protect their businesses when unforeseen accidents occur. 

What Does Workers Compensation Insurance Cover?

Employers are required to pay for their employees’ medical care when it is needed to treat workplace injuries. For many staffers, it will also be necessary for them to receive monetary compensation while they are recuperating and are unable to work. This can no doubt prove to be expensive, and workers compensation insurance can help pay for these bills. 

Although employers do their best to ensure that no one is hurt at their place of business, falls and other mishaps can still happen. When this is the case, both parties will often find themselves appearing in a court of law to settle financial disputes. Fortunately, this is another area where workers compensation insurance is beneficial, as it can provide indemnification against liability expenses related to legal issues. 

Workers compensation insurance also kicks in when a laborer dies through work-related activities, and this can help pay for funeral costs and payments that help support your employee’s beneficiaries. Workers compensation benefits may extend to people who perform services for you on a freelance basis, contractors, general employees, and even to yourself. Your agent can help answer questions regarding what is specifically covered, as it will vary, depending on the type of business that you are running. 

Contact Strack Insurance Services in Arlington, TX

At Strack insurance Services in Arlington, TX, we strive to always provide superior service to our clientele. We offer various insurance products, including homeowners, automobile, and commercial insurance, and we look forward to finding the appropriate insurance package that’s right for you. Reach out to us today for more information!

If you operate a business from your home or have employees that work at customer homes or businesses, you need general liability insurance to protect your assets in Arlington, TX. When lawsuits or insurance claims arise as the result of business-related activity, it’s a good idea to make sure your insurance has you covered. An agent at Strack Insurance Services can answer your questions on general liability and other insurance. In the meantime, here’s some information to get you started.

Commercial Liability Insurance

Liability insurance protects your business assets and pays for costs that arise if someone gets hurt at your business. It also covers personal injury or damages caused by an employee’s negligence on the job. When you buy liability insurance it covers outstanding loans or mortgages on the business. There are many reasons to buy general liability insurance.

What Does it Cover?

Commercial liability insurance pays for your legal costs, such as a defense attorney, as well as any judgment or settlement against you. Protect your business and other assets today with the appropriate liability coverage, which pays for punitive and compensatory damages, and other costs.  If you own a construction, retail or transportation business, commercial liability protects you against unexpected losses as written in your policy. If you work in real estate, medicine or other high-profile industries, consider including libel protection in your policy as well as misleading advertising and copyright infringement.  

Contact Us

Call Strack Insurance Services to learn more about how commercial liability insurance can cover your business assets. Feel free to make an appointment at our Arlington, TX office for a quote on all your insurance needs.

When it comes to renting a property it is of critical importance to invest into renter’s insurance. You never know what may or may not happen while living in the home or apartment. While the property itself is protected by the owner’s property insurance, this does not cover your own belongings. With your valuables at greater risk of theft, fire damage and flooding due to a greater number of individuals living in a smaller area, you owe it to yourself to take out renter’s insurance. Whether living in or around Arlington, TX the team at Strack Insurance Services can assist you with your renter’s insurance needs. 

Electronics

There’s a good chance the most valuable items you own in your home are electronics. From computers to a home entertainment system, renter’s insurance protects it all. All you need to do is tell your renter’s insurance provider what you own and the value. 

Jewelry and Clothing

Do you own valuable jewelry? From wedding rings to necklaces and diamond earrings, all of these items are protected under renter’s insurance. You can even protect your wardrobe. So if you have valuable clothing, you can go the extra mile and protect it by taking out renter’s insurance. 

Other Valuables

From artwork you have collected over the years to furniture you’ve invested in, in the event of damage or fire to the rental it is important for you to take out renter’s insurance. It ensures you peace of mind. 

At Strack Insurance Services it doesn’t matter if you are renting out a large property or a studio apartment, renter’s insurance is of critical importance and protects you from the loss or damage of valuables. So, when living in or around the Arlington, TX area, it is important to contact a knowledgeable insurance provider. 

By investing in life insurance, young couples can start building a financial base for their future. Life insurance can offer you and your spouse financial security in the event either one of you should suddenly pass on. Here are some of the most important reasons to consider a life insurance policy from Strack Insurance Services in Arlington, TX while you’re young.  

Loss of Income

Life insurance benefits can replace primary income if the breadwinner of your family were to suddenly pass on. If you count on your spouse’s income to pay rent or mortgage, utilities, food, car payments, etc., you’ll appreciate having life benefits to replace this income upon your spouse’s unexpected demise.

As a young couple, you may not have children now, but that could change in the future. By investing in life insurance early on in your marriage, you can take advantage of lower premiums. As you grow older, the cost of life insurance will be much higher.   

Debts

Like most young couples, you or your spouse may have outstanding debts such as private student loans that you plan to pay off over time. If these loans were co-signed by your parents, they could be held liable for these debts if you were to suddenly pass on. Benefits from your life insurance policy can help pay off these loans so your loved ones aren’t saddled with this financial burden.

Funeral Costs

Few people think about funeral arrangements or costs when they are young. In the event of an unforeseen accident, however, your spouse could face the financial burden of paying for your funeral costs. Proceeds from your life insurance policy could help cover funeral expenses, taking the pressure off your spouse.

For information on life insurance policies and costs, contact Strack Insurance Services, Arlington, TX.

Running a successful business isn’t an easy task. Every business owner in Arlington, TX understands the fact that every venture faces myriad challenges and the worst can happens when a disaster strikes. This is the primary reason why you need a commercial insurance policy from Strack Insurance Services to protect your company from the unforeseen risks.

However, only a small number percentage of small business owners file commercial insurance claims every year. One of the top reasons as to why insurance companies tend to receive fewer claims is that some people don’t know when to claim their commercial insurance. So, when should you claim your commercial insurance?

Whenever There Is Business property Damage

When a disaster such as a storm or fire strikes and damages your expensive equipment, then you should file a commercial insurance claim for compensation. The business property coverage offers comprehensive protection to your business building and everything that is inside it.

After all, isn’t that the primary reason why you are paying your insurance premiums? A disaster can strike any time, and all that you have to do is to document evidence of what has been damaged in the incident and forward the information plus all the proof to your insurance service provider.

When Your Business Is Sued

The law requires every business in Arlington, TX to carry basic liability coverage, and that is what you will need when your business is sued. You need to remember the fact that an accident can occur at your business premises and you will be required to settle the hospital bill of the person involved in the accident.

The victim may also choose to file a lawsuit against your business compelling it to pay for the injuries sustained and the emotional pain and suffering. Be sure to file a claim when you find yourself in such a situation since your liability coverage is meant to protect you from expensive lawsuits.

Are you a business owner in Texas and the surrounding areas? Contact Strack Insurance Services today for your commercial insurance policy.