Required Commercial Insurance in Texas

Owning a Texas business comes with a lot of different responsibilities. You have to take care of so many things that you may have put off getting the commercial insurance you need to protect your business. There are many types of policies that you should have to protect yourself financially, and there is one type of commercial coverage that might be required for your business to have. You need to be familiar with this type of insurance and whether you need it to operate legally. Call us at LeapFrog Insurance in San Antonio, TX when you need commercial coverage for your business.

Commercial Auto Coverage

When your business owns a vehicle, you must have a commercial auto policy. This goes for every car that your company owns. This policy must have an amount of property damage liability coverage and bodily injury liability coverage. Having these in place will keep you legal, but it may not be enough to pay for a severe accident. It’s often recommended that you add to these types of coverage and get other types, such as collision coverage. This covers the damage to your business vehicle. If you have a vehicle that your company doesn’t own but is often used for work, a personal policy may not pay out after an accident. You may need a policy called hired and non-owned coverage covering that vehicle. This type isn’t required by law, but it’s often needed. 

Workers’ Compensation

Texas is one of the few places where workers’ compensation insurance isn’t required if you have employees at your business. However, it’s highly recommended that all companies with employees have this insurance. It pays for the medical bills of those employees who get injured while working. 

Get Commercial Coverage

Call us at LeapFrog Insurance in San Antonio, TX to get started.

Immediately After a Flood: What You Need to Do

If your house in San Antonio, TX has been flooded, starting recovery as soon as possible is essential.

Here are some tips from LeapFrog Insurance on what you should do immediately after a flood.

Avoid disaster areas until cleared by emergency services.

Disaster areas are often unstable and dangerous after a flood. Floodwaters can damage buildings and infrastructure, making them unsafe. Debris and contaminants can also be present in floodwaters, making them hazardous to people and animals. Emergency services will assess the area and determine when people are safe to return.

Please reach out to your loved ones to let them know you’re okay.

If you have been affected by a flood, you must let your loved ones know you are okay. This will help to ease their anxiety and worry. In addition, it will allow them to provide you with any support or assistance you may need.

Promptly call your flood insurance provider.

If you have flood insurance, you must promptly call your provider after a flood. This is because you will need to file a claim to receive compensation for any damages caused by the flood. If you wait too long to call your provider, you may miss the deadline for filing a claim, and you will not be able to get any money to help pay for repairs.

It’s always better to be safe than sorry. If you live in an area prone to flooding, it’s a good idea to get flood insurance before a disaster happens. If a flood damages your home, you will be covered. Flood insurance can help you repair or rebuild your home, and it can also help you replace your belongings.

LeapFrog Insurance in San Antonio, TX offers flood insurance to help protect your home or business from flood damage. We offer a variety of coverage options to fit your needs and budget. Please reach out to us today to learn more about our flood insurance options and how we can help you protect your property from flood damage.

Why is Flood Insurance Separate from Homeowners?

Flood insurance is not a requirement under the law in San Antonio, TX. However, your lender may require you to purchase a policy. This is particularly true if they are government-backed. As defined by FEMA’s flood zone map, you will typically be responsible for obtaining flood insurance when your property is in a high-risk area. 

Flood insurance necessitates its own policy, and residents need to know that flood events are not covered by their standard homeowner’s insurance. This is because floods are often widespread and cause damage to multiple residences on a street, in a town, or even an entire region. In addition, the costs are devastating. Average premiums would go up were flooding to be included in homeowners’ indemnification, and this is why it is offered separately. 

Flooding can create havoc with only a few inches of standing water, necessitating dehumidifying with specialized equipment. You may also be dealing with hazardous materials floating in your home in the form of sewage or chemical runoff, especially if you live in a city. Typical homeowners insurance is not designed to deal with these contingencies. 

Your property may be subject to a process that includes applying anti-microbial materials to prevent the proliferation of deadly bacteria and mold. Your LeapFrog Insurance representative can go over the details of what specific things would be covered.

People who should consider flood insurance include those who live in flood plains by a river or creek, are prone to heavy spring showers that create wet weather streams, live near gullies or ditches that overflow during heavy rains, or whose homes are situated in low lying areas where rapidly thawing snow can accumulate, causing flooding. 

LeapFrog Insurance faithfully serves the San Antonio, TX residents, and we invite you to contact us via telephone, online, or in-person to discuss your flood insurance needs.

Is it time to add flood insurance to protect your San Antonio home?

If it’s time to update or change the insurance policy protecting your San Antonio, TX area home, give the folks at LeapFrog Insurance a call. We’re here to help you with all types of insurance. Our team can answer any questions that you may have about flood insurance.

Benefits of having flood insurance in our area

Protecting your house is a big part of responsible home ownership. There are many benefits to having a flood insurance policy in our area. The main advantage is that it provides an additional layer of protection above the coverage provided by a primary homeowner’s policy. 

The other main reason many folks choose to add a flood policy to their primary insurance is that they typically provide coverage that a primary policy lacks. This means that protection will be in place if a flood damages or destroys your home.

Many homeowner policies do not include protection from flood damage. Of course, your lender will typically require you to carry a flood policy if you live in a flood zone. When a home is located outside of a flood zone, it can make the need for a flood policy a little bit confusing.

The first thing to do is review your current homeowner’s policy to check for exclusions. This exclusion will state that the policy won’t cover any losses due to floods. Adding a flood policy could ensure that damage caused by a flood will be covered. 

We are here to help!

San Antonio, TX area residents can turn to the team at LeapFrog Insurance for help with their homeowners’ policies, flood insurance, or any other insurance need. Give us a call or stop by today!

What Does Flood Insurance Cover?

If you live in an area prone to flooding like San Antonio, TX, it’s important to have flood insurance. Flood insurance can help protect your home and belongings in a flood. But what does flood insurance cover? In this blog post, we’ll discuss what types of damage are covered by flood insurance policies.

1. Your Home and its Foundation

This includes the walls, floors, ceilings, and other structural components of your home. If your home gets damaged from flooding, your flood insurance policy will help pay for the repairs.

Flood insurance will also cover any attached structures. This can include things like your garage, porch, or deck. If these structures are damaged by flooding, your flood insurance policy will help pay for the repairs.

2. Your Plumbing and Electrical Systems

This includes the pipes, wiring, and other components of these systems. If these systems are damaged by flooding, your flood insurance policy will help pay for the repairs.

Flood insurance will also cover any appliances that are damaged by flooding. This can include your washing machine, dryer, dishwasher, and refrigerator.

3. Your Personal Belongings

Personal belongings include things like furniture, clothing, and electronics. If these items are damaged by flooding, your flood insurance policy will help to pay for the repairs or replacement of these items. If you live in San Antonio, TX, you should get flood insurance from a reputable company such as LeapFrog Insurance.

4. Additional Living Expenses

If your home is damaged by flooding and you need to live elsewhere while repairs are ongoing, your flood insurance policy will help pay for these additional living expenses. These can include things like hotel bills, meals, and transportation costs.

Conclusion

Flood insurance is an important type of insurance for homeowners who live in areas prone to flooding. Flood insurance can help pay for the repairs or replacement of your home, belongings, and appliances if they are damaged by flooding. If you live in San Antonio, TX, talk to LeapFrog Insurance and get your flood insurance policy.

How Do I Protect My Business From a Lawsuit?

A lawsuit can destroy a small business. Even a small claim—$25,000 or less—can be expensive to defend and can lead to a cascade of other costs. Even if you win, the costs of defending yourself can be devastating.

LeapFrog Insurance wants to help San Antonio, TX businesses protect themselves from lawsuits. Please read on to learn more!

The Many Types Of Liability

Every business is exposed to different types of liability, from a sole proprietorship to a large corporation, during regular operations. These liabilities can include:

  • Product liability: If your business manufactures or sells a defective product.
  • Professional liability: If your business provides professional services, such as medical practices, legal advice, or engineering services.
  • General liability: If your business provides goods or services to the public, where there is a risk of injury or damage.

How Likely Are You To Be Sued?

We live in a litigious society. According to the Court Statistics Project, Texas currently leads the country in the number of civil lawsuits filed over 2021, with more than 1,000,000. With so many people ready to sue over anything, you need to be prepared.

How Business Insurance Helps

The right type of commercial insurance can help you protect your business when you need it most. Commercial insurance can help cover the costs associated with product liability, professional liability, and general liability. Additionally, it can help cover the costs associated with social cases such as slander or libel. Liability insurance can even help cover the settlements or judgments resulting from a lawsuit you lose. You need liability insurance to help your business stay in business.

Are you a San Antonio, TX business owner? Reach out to LeapFrog Insurance today to discover what we can do to protect your business assets during litigation.

How Does Life Insurance Work?

Life insurance pays if you die, and your assets are left to beneficiaries. You can choose to have a limited amount of coverage that will pay out a set amount or higher coverage for a specified amount. The amount of the policy you choose will depend on your expected life expectancy, and it’s usually cheapest when you have hired it for a short period (e.g., a year) to protect your retirement. The coverage is usually highest when you have employed it for an extended period (e.g., 30 years). 

What Is Whole Life Insurance? 

Widows and widowers who want family protection get whole life insurance. It’s often cheaper when you have purchased it pre-paid, but this is not always the case. It pays out if you die before your life insurance policy expires. Your whole life insurance policy is the length of time you buy the insurance and how often you buy it. You can purchase it in different forms, including guaranteed benefit life, guaranteed paid death benefit life, and death benefit insurance. 

How Does Term Life Insurance Work? 

The policy pays out benefits if you die before your term. You won’t receive the full amount up-front, but it will pay out a portion of your benefits each month for some time. It is usually less costly than buying individual life insurance policies. The length of time you buy the insurance and how often you buy it is called your term life insurance policy. You can purchase term life insurance in different forms, including whole life, diversified, and term life annuity. 

Summing Up

Getting life insurance doesn’t just cover your funeral expenses; it also makes sure that your heirs aren’t left without a source of income. It’s crucial to find a life insurance company with a good reputation, as bad actors can put your interests before those of the policyholder. Ask about incentives such as lower rates if you are a repeat customer or make a certain amount of money when the policy is purchased. Whether you decide to get life insurance, you should understand how it works, so you don’t end up with no protection in case of your death. For help, contact LeapFrog Insurance based in San Antonio, TX.

Is commercial insurance in Texas a good investment?

For an aspiring small business owner, starting a company in the San Antonio, TX area can be a great idea. There are a lot of advantages that come with starting a company here, and you could have a lot of success in this growing market. While there are advantages, those that start a business do need to take their insurance needs seriously. A commercial insurance plan offers various forms of coverage that will make it a good investment for your business. 

Protect Company Assets

A good reason for any business to obtain commercial insurance is that it can help protect your assets. Businesses today continue to rely on core assets to ensure their organization is able to run efficiently. If you were to lose any of these assets to fire or another form of loss, it could be a major setback. With a commercial insurance plan, you are going to have the support needed to replace or repair these assets.

Mitigate Liability Risk

You should also get a commercial insurance plan to mitigate your liability risk. When you run any type of business today, you are going to take on liability risks regularly. If there is an accident, you will have to cover the damages. As this could be a big financial hit, having commercial insurance with liability coverage is a great investment and could help to keep your business viable. 

Those that would like to get a commercial insurance plan in the San Antonio, TX area should speak with the team at LeapFrog Insurance. There are a lot of choices to make when looking for coverage and LeapFrog Insurance will give you any guidance that is necessary. This can help ensure you have a commercial insurance plan that will cover your business and help protect your organization’s future. 

Types of Life Insurance

Leapfrog Insurance serving San Antonio, TX, wants you to know about life insurance. Life insurance is an asset for your beneficiaries, and it pays out after your death. Life insurance is not for everyone but if you have people who rely on you for an income you should seriously consider it.

There are two main types of life insurance.

Term Life Insurance

Term life insurance is life insurance for a certain term of your life. It may be for one year or up to 30 years. If you die during the term of your life insurance, then your insurance will pay out to your beneficiaries. If you don’t pass away during the life insurance term, it will not pay out.

Term life insurance is usually the more reasonably priced of the two types. However, the cost increases as you age. Depending on the terms of your policy, you may be able to convert it to permanent life insurance later.

Permanent Life Insurance

Permanent life insurance is the other type of life insurance, and it is normally for your whole life. Permanent life insurance has two types of policies.

Whole Life Insurance

Whole life insurance is for your entire life, and it pays out to your beneficiaries after your death. This policy may lapse if you stop paying the premiums or withdraw the full cash value.

Universal Life Insurance

Universal life insurance is the other type of permanent life insurance and stays in effect until the maturity date. At that time, the policy pays out even if you are still living. It is the more flexible option of the two types of permanent life insurance.

Contact Us

Life insurance is customizable, so if you need life insurance, contact Leapfrog Insurance serving San Antonio, TX, today to ask about your options.

Texas Commercial Insurance – Does Commercial Insurance Cover Assets Located Inside The Building?

Commercial Insurance may seem confusing to most people at first, is this just business insurance compared to other insurances?  Does this insurance just cover the property or does it cover assets inside the business?  The answer is a little more complicated than it seems.  You can find out more about commercial insurance in San Antonio, TX by contacting LeapFrog Insurance.

Commercial Insurance

Commercial Insurance is a type of insurance that does focus on businesses and the ensuing property that contains the business.  This type of insurance protects the business from disasters (fires, property damage, etc.) and liability events (someone gets hurt on the property, etc.) that could happen while the business is insured.  

Commercial Insurance also covers all assets inside the building from theft, fire, damage, and other issues.  “Acts of God” such as floods and earthquakes are typically not covered under this type of insurance unless it’s either specifically stipulated under the agreement or added to the policy as a rider.  

Property Coverage

Commercial Insurance also covers the property at large which includes the sidewalk in front of the business and the parking lot attached to it.  Commercial Insurance covers the business in case of a liability event such as someone slipping and falling outside of the business on their property.  There is a degree of liability assigned dependent on what safety measures are taken by the business.  For instance, if it snows and there is residual snow and ice in front of the business, the business has an obligation to remove this snow and ice within a reasonable amount of time.  If the business fails to remove it and someone slips and falls, the business could be liable for personal damages and medical bills which are covered under commercial insurance.

For Further Information

To learn more about commercial insurance, please contact LeapFrog Insurance serving San Antonio, TX today!