Texas commercial insurance group

1. 10 essential insurance tips for beginners It is important to protect yourself from the risks you will face as an entrepreneur. You can insure for anything. This applies to you and your company. We list the most important insurance rules for you and your company. Insurance for your company Make a good estimate of the problems you are facing and what basic insurance is most needed. Banks, Texas Commercial Insurance Group companies and corporations often offer "business packages". Carefully compare payments and coverage and, if necessary, seek the advice of an independent consultant. Commercial liability insurance You have opened a nice store, but customers travel on your carpet. Alternatively, you are a consultant and during practice, you do not get a cup of tea on your laptop. You want to insure yourself for this type of damage. Business insurance coverage covers damage you cause to others. Your company's debts are not covered by your private insurance. Cyber insurance Cybercrime happens in all areas. Individual owners and the self-employed can suffer as well. A pirated website or other type of online attack is on the rise. Therefore, you can take out Cyber Insurance with many insurance companies. If you have been the victim of an online attack, the insurance company will help you restore "sites and websites", notify victims and limit damage, for example. Cyber insurance is a supplement to business credit insurance and / or credit card insurance. Therefore, make sure that the basic insurance policy is adequate. This is the best way to cover the risks. Professional liability insurance Some professions such as consultants, artists and accountants can cause financial losses through incorrect advice. Imagine a house that collapsed because of an error by an architect or an accountant who makes a mistake so that the tax return is incorrect. A professional debt counselor is recommended. In fact, more and more consumers only sign appointments if the entrepreneur or his employees have

2. taken out professional insurance properly. The trade association may also require you to have special credit insurance. Debt insurance covers liabilities for damages caused by incorrect errors. The amount of payment expected for each job you test and the size of your company. In order to accept this insurance, it is usually necessary to have carefully written the general terms and conditions. Insurance of legal expenses Unfortunately, many entrepreneurs face legal conflicts. Financial insurance that applies to the law providing legal aid, such as legal counseling costs, court costs, and litigation and attorneys' fees. In addition, make sure that the aid collection is also included in the basic insurance aid policy. Insurance coverage for housing, goods and products Fires or burglaries can cause damage, such as loss of property. Business houses are insured by insuring the owners. Research insurance provides protection against damage to property such as equipment, machinery, computers and electronics. With insurance products, you insure the trading of shares. Usually, products that are outside the company's home, but on site, are also insured. Some insurers offer research and insurance products as a single product. Make sure you know what you need and do not overpay. Do you work from home? In addition, private home insurance is usually enough. Always ask about this and your insurance. Business termination insurance Suppose your business shuts down because of a fire or other reason. Your income will stop, but staff costs and salaries will continue as usual. Compensation for business breakdown insurance covers established costs and any lost profits to maintain your business. Partner insurance If you work with a public partner or other policy maker, build a team together. You strengthen each other and work together on tasks. When your partner dies, the heirs can be part of the company. The partner insurer then pays a certain amount of money so that the company can continue. Insurance for you Health insurance

3. The only insurance you should take out is health insurance. Whether you run a business, independently or as an employee, everyone has health insurance. In addition to your payment, you also pay an income tax deduction by refunding the tax. This contribution is in addition to the payment of health insurance premiums. The higher the income, the higher the contribution. Incomplete insurance Anyone can get sick. If you have been ill for a short time, you can usually take care of yourself. Unfortunately, you can be sick for a long time or get tired from work. Employees continue to be paid, but as an entrepreneur, you have to plan something yourself. A temporary work insurance (AOV) provides income when you are unable to work due to your illness. Salaries depend on your age and the industry in which you work. However, the waiting time before starting the insurance also affects the value of the salary. AOV taxes are deductible through income tax. Do you start your own company from a position of benefit or employee? In addition, you have the option to offer free self-insurance with UWV for patients and eligibility for employment. Fortunately, a medical examination is not required for admission to the UWV. You must schedule it within 13 weeks of completion of employment or benefits. As an alternative to AOV, gift baskets or other combinations appear. A group of individuals who support each other by reaching agreements when illness or job eligibility occurs. A donation circle usually consists of a group of 20 to 50 people. This group sets up an organization and, in the event of illness or eligibility for work, the organization donates a total amount. These donations are not incremental. A donation circle can also be combined with an AOV. The new pension agreement ensures that people who work for their people need to be unemployed from 2024. Development is ongoing. The tax will be based on income and deductible from taxes. The maximum price is about 220 EUR. Therefore, you have to take out AOV insurance yourself by 2024 if you want to limit the risk of disability for work. Life insurance When you die, financial problems can arise for those who leave. If you work, your partner and children will receive the death pension. As an entrepreneur, you are not eligible for this program. Long-term life insurance ensures that your partner and your children receive benefits for a certain period.