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Is commercial insurance required if you don’t have employees?

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As a business owner in Dallas, TX, you may have heard that commercial insurance is essential. But what if you don’t have any employees? Do you still need to purchase commercial insurance? Presley Insurance Group is happy to assist with what commercial insurance covers and whether it’s necessary for businesses without employees. 

What Does Commercial Insurance Cover?  

Commercial insurance typically covers property damage, legal liability, and workers’ compensation. Property damage coverage helps protect against losses related to physical property, such as inventory, furniture, or fixtures. Liability coverage helps protect against legal costs associated with injuries or damages caused by the business or its products and services. And workers’ compensation helps cover medical bills and lost wages if an employee is injured while on the job. 

Is Commercial Insurance Necessary for Businesses Without Employees? 

Even if you don’t have any employees, there are still risks associated with running a business that can be mitigated with commercial insurance policies. For example, general liability coverage protects against accidents that involve customers on your premises or injuries caused by products sold by your company.

It also offers protection against libel and slander allegations leveled against your business. Additionally, property damage coverage can help protect your business from unforeseen events like theft or vandalism. Finally, professional liability coverage can protect you from negligence claims arising from providing professional services to customers or clients.  

Contact Us Today

Even if you don’t have any employees, it’s important to consider purchasing commercial insurance for your Dallas, TX business. Commercial insurance policies offer protection from a wide range of risks, including property damage, legal liability, and professional negligence claims.Talk to Presley Insurance Group today about the best type of coverage for your particular situation!

Do I Need to Worry About Extra Home Insurance With a Pool?

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As a homeowner in Dallas, TX, you may wonder if you need to purchase extra home insurance coverage for your pool. The answer is maybe. It depends on several factors, including your home’s value, the pool type, and whether you have liability insurance.  Presley Insurance Group is here to help. 

Here is everything you need to know about insuring your pool so that you can make the best decision for your family:

Home Value

One of the primary factors that will determine whether you need to purchase extra home insurance for your pool is the value of your home. If your home is worth more, you have more to lose in a disaster. Your Presley Insurance Group agent can help you assess the value of your home and make recommendations based on that number.

Type of Pool

If you have an above-ground pool, you likely will not need to purchase additional coverage, since most above-ground pools are not permanently attached to the property. However, if you have an in-ground pool, you might purchase additional coverage, since in-ground pools are part of the property and might increase the value of your home.

Liability Insurance

Another factor to consider when deciding whether to purchase extra home insurance for your pool is whether you have liability insurance. Liability insurance will protect you if an injury occurs in or around your pool. If you do not have liability insurance, we recommend purchasing an umbrella policy to protect you in the event of an accident.

Give Us A Call

As a homeowner in Dallas, TX, it’s essential to understand whether you need extra home insurance for your pool. Contact Presley Insurance Group today to speak with an agent about your situation. We’re here to help you make the best decision for your family.

What are The Common Renters Insurance Exclusions?

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Although your landlord may not require renters insurance, it’s still a good idea to invest in this coverage. Renters insurance covers your personal assets and protects you from liability claims. And that’s not all. Renters insurance covers additional living expenses when your rented dwelling is rendered unlivable.

While renter’s insurance protects many areas of your life, it has limitations. As highlighted by Presley Insurance Group in Dallas, TX, renters insurance won’t cover you in the instances below.

Renters Insurance Exclusions

Flood damage

Like home insurance, renters insurance doesn’t cover flood damage. Luckily, you can purchase a separate flood insurance policy to protect your valuables. You can purchase flood insurance from the NFIP or private carriers. Whatever the source, renters insurance covers your assets to ensure you don’t start from scratch when damage occurs.

Earthquakes

Like flooding, earthquakes are likely to cause damage to several buildings, which can be expensive for insurance companies. And since these natural disasters are common in specific areas, insurance companies often don’t lump them with standard risks to make insurance affordable. The good thing is that you can purchase earthquake insurance to boost your renters insurance.

High-end jewelry

Your renters insurance will likely offer limited coverage for your high-priced valuables. In fact, most renters insurance policies only offer about $2,500 worth of coverage for your jewelry. That said, it’s essential to boost your renters insurance by purchasing special coverage to safeguard your valuables.

It doesn’t cover people living with you

Unless they are included in your policy, renters insurance won’t cover your roommates. While some insurance companies permit shared policies, it’s good for your roommates to purchase separate coverage to avoid disputes after a catastrophe.

Get Renters Insurance Today

Would you like to learn more about renters insurance? Want to know what’s covered or not covered by your renters insurance? Please talk to Presley Insurance Group in Dallas, TX for all your renters insurance solutions.

What Does Condo Insurance Cover?

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You might think that your condominium association’s insurance policy covers everything, but that’s not always the case. While your condo association’s insurance policy covers the building itself, it typically doesn’t cover the contents of your unit. That’s where condo insurance comes in.

Here are some tips from the Presley Insurance Group in Dallas, TX on what condo insurance does and doesn’t cover.

What Does Condo Insurance Cover?

Condo insurance, also known as HO-6 insurance, is a type of insurance designed specifically for condominium owners. Just like homeowners insurance, condo insurance covers your personal property in the event of damage or theft. In addition, it also provides liability coverage in the event that someone is injured while on your property. Most importantly, condo insurance bridges the gap between what your condominium association’s policy covers and what it doesn’t. If you own a condominium, condo insurance is an important way to protect your investment.

What Does Condo Insurance Not Cover?

Even though condo insurance is designed to protect you and your personal belongings, there are certain things that it doesn’t cover. For example, most policies will not cover damage caused by flooding or earthquakes. If you use your condominium for business purposes, your personal condo policy will not cover any business-related losses or liabilities. In addition, any damage that is caused by your negligence (e.g., a fire that you started) will not be covered by your condo insurance policy. This is why it’s so important to read your policy carefully and make sure you understand what is and isn’t covered.

Contact Us Today

If you own a condominium, it’s important to have a condo insurance policy in place to protect yourself and your belongings. While your condominium association’s policy covers the building itself, it typically doesn’t cover the contents of your unit. That’s where condo insurance comes in. Be sure to work with a reputable insurance agency like Presley Insurance Group in Dallas, TX to find the right policy for you.

How Often Should I Review My Motorcycle Insurance Policy?

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Motorcycle insurance is an important part of owning a bike. It protects you in the event that you are involved in an accident. However, it’s important to remember that your policy is not set in stone. You should review it regularly to ensure it still meets your needs.

Here is when to review your motorcycle insurance policy:

You Added New Accessories to the Bike

If you’ve just added a sweet set of pipes or a flashy new seat to your motorcycle, you might be thinking about how much your insurance rates will go up. After all, customizing your bike is one of the best parts about being a motorcycle enthusiast. But before you start worrying about your premium, notify your insurance company about the changes.

Your insurer will want to know about any modifications you’ve made to your bike, as they can affect both the value of your bike and the amount of risk you pose on the road. In some cases, adding new accessories to your motorcycle could even help you get a discount on your premium. So it’s always best to err on the side of caution and call your insurance company after making any changes to your bike.

You Moved to a New City

If you’ve recently moved to a new city like Dallas, TX, updating your insurance policy to reflect your new address is important. The reason for this is twofold. First, different cities have different rates of motorcycle theft and accidents. So if you’re moving from a rural area to a big city, you can expect your rates to go up. Talk to Presley Insurance Group to find out how your rates could change.

You’ve Been Riding More Often

If you’ve been hitting the open road more often, that’s great news! But it also means you might be at a higher risk for an accident. Most insurance companies take this into account when they’re calculating your premium, so if you’ve been riding more frequently, you can expect to see a slight increase in your rates.

Call Us Today

As a motorcycle enthusiast, it’s important to stay up-to-date on your insurance policy. If you’re looking for a great motorcycle insurance policy, be sure to contact us today at Presley Insurance Group in Dallas, TX. We’re always happy to help our clients find the best possible coverage at the most affordable rates.

3 Wonderfully Weird Places To See In Dallas

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Dallas, TX offers an abundance of experiences for the adventurous soul. From wine trails to urban hiking trails and from haunted hot spots to hidden parks, there is no shortage of activities in our fair city. So how can you make the most of your time here? By exploring its nooks and crannies. Here are our Top 3 recommendations for discovering how wonderfully weird Dallas, TX can be. Before you hit the road, however, make sure you have the right insurance coverage for your vehicle. 

Explore Dallas With Auto Insurance Coverage From Presley Insurance Group

Dr. Flatt’s Hand Collection

Bar none, Dallas’s oddest museum is The Adrian E. Flatt, M.D., Hand Collection. Inside, one will find the world’s most extensive collection of rare and unusual hand casts on display. Dr. Flatt was a prolific orthopedic surgeon who collected bronze hand casts from medical mysteries to sports stars and even former presidents. This collection of mighty mitts can be found at the Baylor University Medical Center.

The Samurai Collection

Located in the Ann and Gabriel Barbier-Muller museum, The Samurai Collection boasts the most extensive collection of samurai armor outside of Japan. It features over 1,000 objects, including armor, horse armor, and weapons. The group also houses several masterpiece works.

Goatman’s Bridge

This legendary bridge in the Denton suburb has featured many ghost-hunting and supernatural-focused TV shows and books. Officially known as the Old Alton Bridge, the bridge gained its spooky reputation due to several legends with differing details. What all have in common is a goatherder who is hung over the side of the bridge by a group of angry men. Locals believe that if you cross the bridge late at night, there’s a chance you’ll see the specter of the Goatman out for revenge.

Get the Right Auto Insurance Before You Explore

There’s plenty more to the Dallas, TX area, and its wonderfully weird history, so get out there and explore! And while you’re at it, stop by Presley Insurance Group to ensure you have the right car insurance for wherever the road takes you.

Required Commercial Insurance in Texas

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When you own a business in Texas, there is certain commercial insurance that you may need. The types of insurance that you should have for your business depend a lot on the type of business you run. In Texas, there is only one type of commercial insurance that is required by law, but there are many others that you should have to protect yourself and your business. If you need commercial insurance, contact us at Presley Insurance Group in Dallas, TX.

Commercial Auto Insurance

When your Texas business owns a vehicle, that vehicle has to be covered by a commercial auto policy. This coverage protects your business by paying for accidents that happen with your work vehicle and are caused by its driver. When this happens, medical bills may be due as well as costs for vehicle repairs to the other vehicle. These policies must have at least a specific amount of coverage for one person for bodily injury liability. Another amount is required for all of the people who were injured in the accident. In addition, there is a specific minimum amount required for property damage liability. You can always add to the minimums of this coverage so that you have better protection in case of a serious accident. 

If you have a vehicle that is used for business reasons, but the company doesn’t own it, you aren’t required to have a commercial policy. However, your personal auto insurance may not pay for an accident that happens when you’re doing work for your business. It’s generally recommended that you get a type of policy called hired and non-owned. This can keep you protected when you are taking care of business tasks. 

Get Your Commercial Insurance

When you are a business owner, there are many types of optional commercial insurance you can get, including cyber insurance, general liability insurance, etc. If you want to know more about these policies, call us at Presley Insurance Group in Dallas, TX.

Look for these features when selecting your next home insurance policy

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Presley Insurance Group is here to serve the insurance needs of the greater Dallas, TX metropolitan area. Our team understands how important it is to protect family homes, and we are here to help. Give us a call today or stop by to learn more about the available home insurance options!

Important home insurance features

There’s no underestimating the importance of protecting our family homes. In addition to providing shelter, they help us to feel safe and secure. They are also where we spend a lot of quality with our families. If you are unsure that you have adequate protection in place for your home, now is a great time to make sure.

Like so much else in life, our home insurance needs can change throughout the years. This means that it’s important to review your policy on a regular basis. When doing so, be sure to take a careful look at the main features that a home policy will provide: liability coverage, interior and exterior damage protection, and protection from loss.

Other additional features can include personal articles protection, coverage for alternative lodging if your home becomes uninhabitable due to a covered event, and enhanced liability coverage. All of these features will depend on your family’s unique needs. The best way to ensure that your policy provides the protection you need is to meet with a local agent. This will allow you to discuss your main concerns and needs.

Give us a call today

Dallas, TX residents turn to the team at Presley Insurance Group for all of their insurance needs. We have the experience and information necessary to be a resource to our community. Come by our office or give us a call today to find out more!

What does the liability portion of your renters’ insurance cover?

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Your renter’s insurance from Presley Insurance Group covers far more than just your personal property in your Dallas, TX home. Every renter’s insurance policy also includes liability coverage.

You might think that your landlord or apartment building already carries liability insurance, and it probably does, but it doesn’t cover your liability. The two policies work together to fully protect the property.

Your Landlord’s Liability Coverage

Your landlord’s home policy covers liability for the yard or courtyard and everything leading up to the entrance to the building. It also covers other public areas, such as a swimming pool or sauna shared with other tenants. It does not cover what happens inside your apartment or dwelling. If you have a private porch, balcony, or courtyard, it also does not cover what occurs there.

Your Liability Coverage

That’s where your renter’s insurance enters the picture. It contains your liability coverage. Your liability coverage ensures that if an accident occurs inside your apartment or dwelling, the insurance pays for the injured party’s medical costs. It also covers settlement costs up to the amount named in the renters’ policy.

That means if your friend slips in your shower, for example, and breaks their arm, your liability insurance covers the medical treatment cost. If your friend slips on ice coming up the stairs to enter your building though, that gets covered under your landlord’s policy.

Protect Your Financial Security

Contact Presley Insurance Group serving Dallas TX, today for more information on renters insurance. Let us help you protect your financial security. Avoid having to pay for someone’s medical bills or a court settlement by carrying the appropriate insurance.

How does condo insurance differ from other types of home insurance?

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When you visit Presley Insurance Group to insure your Dallas, TX condo, you’ll learn that condo insurance differs from the other seven types of home insurance.

Condo insurance provides what the insurance industry refers to as “walls, in coverage,” which means that it insures the interior walls of your condominium and everything inside of it. Your condo policy covers your TV, computer, kitchen cabinets, toilet, clothes, shoes, etc. The condo policy provides property damage coverage and structural damage coverage.

You also get liability coverage with your condo insurance. Your condo policy covers their medical costs if your friend falls while getting out of your shower and breaks their arm.

So far, this probably sounds just like homeowners’ insurance or perhaps close to renters’ insurance. The latter would not cover physical damage to your domicile, though. It would only pay to replace the contents of your domicile. Homeowners’ insurance would also cover liability damage outside your domicile, and condo insurance does not do that.

If your friend fell by the pool outside your condo but within the confines of the condo complex, your complex’s liability policy would cover their injury. That’s a “walls, out coverage.” Once outside your condo’s front or back door and on another person or organization’s property, their insurance covers the injury.

Your condo policy covers if your buddy’s computer got stolen from inside your condo. If their computer got stolen while the two of you were using the complex’s business center, the condo complex’s insurance policy covers the loss.

While your condo policy does qualify as one of the eight types of home insurance, it does not cover all of the same items that a homeowners’ insurance policy does. Contact Presley Insurance Group serving Dallas, TX to insure your condo, so you can protect your domicile and all that you keep in it, plus the individuals who visit it.