Hunting For Liability Insurance In College Station Texas?

Service Insurance Group Manages Liability Insurance!

Call 979-300-7345!

Any business will most likely encounter challenges in their regular operations - some are simply dealt with, yet others could possibly subject an agency to the decrease in assets, stature, and possibly even the whole corporation. 

That means that locating Liability Insurance in College Station Texas is definitely more than expected - it is actually a crucial need in our modern litigating modern world. 

What are among the main reasons why Liability Insurance in College Station Texas is necessary to guard your business?

  • Helps to protect the financial assets of  your organization!
  • Makes sure your firm is able to live through a legal ruling against them!
  • Brings confidence and stability to personnel and supervision!

Getting liability insurance is a vital endeavor. 

This is the reason locating Liability Insurance in College Station Texas is most beneficial undertaken with the assistance of consultants in this field, specialists who understand the demands of your organization and will customize insurance policies to ideally go with such expectations - and at a cost is affordable! 

Whenever in search of these sort of qualified personnel in Liability Insurance, you should trust in the expertise of Service Insurance Group to defend your company as well as its investments.

Contact Us Here!

Organizations doing work in College Station Texas are finding that Liability Insurance is definitely a critical element of producing the the job finished for their clients.

Talk to the warm and friendly associates at Service Insurance Group and see their determination to supply all valued clients with insurance plans that has been modified to satisfy exclusive business needs.

Service Insurance Group stands out as the appropriate option for Liability Insurance in College Station Texas given that we're able to:

  • Explain how Liability Insurance works to guard your firm!
  • Personalize insurance coverage and insurance policies to suit your exclusive specifications!
  • Help you with just about any incidents which could occur!

Business owners in College Station Texas experience issues and dangers daily - and  your own requirements are different from the agency right beside you. 

You need Liability Insurance to safeguard your corporation's investment - with a cost that won't put you out of business! 

The priceless office staff at Service Insurance Group knows about Liability Insurance and can choose the right insurance protection for every particular customer in College Station Texas.  

Need to Find Liability Insurance in College Station Texas?

Service Insurance Group Is The Best Choice of Insurance Firm!

Call 979-300-7345!

FAQs

We are all responsible for our actions, which is why we carry liability insurance to protect ourselves and our assets if someone is harmed by something we did.

Here are some frequently asked questions about liability insurance for your better understanding!

What is liability insurance?

Liability insurance is a contract of protection between an individual or business and an insurer. Typically, a policyholder will pay a premium to the insurance company in exchange for coverage for claims made against him/her/it by others who have been harmed by that policyholder's actions or omissions.

 

 

What is the purpose of liability insurance?

The purpose of liability insurance is to provide a source of funds to pay for the defense and settlement of claims brought against a policyholder. Without such coverage, in most cases, individuals and businesses would be unable to afford even reasonable legal representation in the face of substantial claims.

What does liability insurance cover?

Liability insurance policies typically offer protection against claims made by others who have suffered harm because of the policyholder's conduct. The policy will typically provide coverage for:

  • Bodily injury (which is defined as actual physical injury, sickness or disease).
  • Property damage (which is defined as physical injury or damage to someone else's property).

How much liability insurance does a person/business need?

There is no cut-and-dry answer to this question. The level of coverage purchased will depend on the unique needs, desires and resources available to each individual or business. It may be helpful to take inventory of your assets (financial and non) as well as any real or perceived risks associated with your assets. You can then compare these assets to your existing insurance policies or coverage you are considering buying, if any.

 

 

What are the advantages of liability insurance?

There are three main advantages to purchasing liability coverage:

  1. Protection against claims for damages for which you may be held legally responsible.
  2. Peace of mind (knowing you are covered for some of the unforeseen financial consequences of accidents).
  3. Assurance that your assets will be protected against claims arising from bodily injuries or property damage caused by someone else.

Who needs liability insurance?

Any person or business can choose to carry liability insurance. However, those who typically buy liability coverage include:

  • The self-employed.
  • Anyone with a professional license (e.g., doctors, lawyers).
  • Persons and businesses that own property (including automobiles) that could be perceived as posing a hazard to others.

 

 

What are the different types of liability insurance?

There are 2 main types of liability insurance:

  1. General Liability coverage, which protects against injuries and damage to property such as that offered by auto, home, or rental insurance policies.
  2. Commercial Liability coverage, which covers companies and professionals (e.g., doctors, lawyers) who might be sued for malpractice or negligence.

Do I need general liability insurance?

If you want to protect yourself from claims for injuries and damage to property, then you will need "general liability" insurance.

What should I look for when buying general liability insurance?

When purchasing a policy, the following are the most important factors to consider:

  1. Type of risk covered - The best policies cover a broad range of risks.
  2. Aggregate limit - The total amount the policy will pay out over the life of the contract.
  3. Individual claim limits - Limits per incident/claim.
  4. Deductible - An amount you must pay before the insurance policy begins to provide coverage for losses or expenses.
  5. Premiums - The price you must pay for each unit of insurance.

What are the different types of commercial liability insurance?

There are 4 main types of commercial liability insurance:

  1. General Liability Insurance - Most basic form for businesses that provides coverage against lawsuits and will pay for any damage or injuries to a third party.
  2. Products Liability Insurance - Designed for manufacturers or those who produce goods, it covers claims that a product (e.g., food, drug) is defective and causes injury or damage.
  3. Professional Liability - Covers claims that services provided by professionals (e.g., doctors, attorneys) cause injury or damage to others.
  4. Cyber Liability - Newer coverage for any company that gathers and stores digital data for customers, offers coverage if insured company website is hacked or data leaked in any fashion.

Does a small business really need Commercial General Liability (CGL) insurance?

Yes. In most states, the law only requires companies to carry insurance if they have more than a certain number of employees (e.g., five in California). Without this type of liability coverage, a company would lack a source of funds to pay for legal defense and any settlement or judgment in the event of a claim against them by a customer, supplier, or any other third party.

What does a commercial general liability policy cover?

A commercial general liability (CGL) policy is designed to cover the insured against claims for property damage, bodily injury and personal injury.

Typically, these policies will provide additional coverage in excess of the underlying limits, giving the insured an opportunity to obtain counsel of its choice. A CGL policy typically includes extended reporting periods allowing claims to be brought up to 3 years after the claim arises. Furthermore, a CGL policy provides for additional insured status and coverage for various activities carried out by the insured.

 

 

What is an Umbrella Policy?

An umbrella policy is a liability insurance used to cover losses usually not covered under a regular homeowner's or auto policy, such as false arrest, libel, and slander. It is designed to protect your assets, it can be used to cover any gap between the limits of primary policies and the amount you may need to pay in the event of a claim.

Should every business have an Umbrella Policy?

Liability insurance is crucial to protecting you and your business. If you are doing business, or providing services that could result in claims for damages then it's very likely that your regular general liability insurance policy won't cover everything. And if it does, the limits on this coverage will be lower than an umbrella policy would offer. At the same time, doing business can lead to all kinds of legal problems. If you're sued for something that isn't covered by your insurance, an umbrella policy would help protect you financially.

How does Umbrella Liability Insurance coverage work?

Suppose you have a liability insurance policy with limits of $1 Million. You are sued after your business auto hits another car in an accident, and the jury awards $3 million in damages to the other party. Your primary liability policy will only pay up to its limit of $1 million, which leaves you personally on the hook for the rest ($2 million). This is where an umbrella policy comes in. If your umbrella coverage has limits of $5 Million, it would cover the full judgment ($3 million) after your primary insurance ($1 million) has been exhausted.

 

 

What are the Benefits of having Umbrella Insurance?

Umbrella liability insurance provides financial protection that goes well beyond what your personal automobile or homeowners policy covers. Your umbrella policy can provide additional liability limits in the event that you are sued for damages related to bodily injury, property damage, or personal injury.

 

 

What are examples of events covered by Umbrella Insurance?

Umbrella insurance covers a broad range of liabilities that may not be covered under your other policies. Some examples of events that would be covered by a typical umbrella policy include:

  • Bodily injury or property damage from products manufactured or distributed by you/your business.
  • Personal injury from advertising, broadcasting, publishing or telemarketing activities conducted on your behalf.
  • Injuries inflicted on others as a result of sexual abuse at facilities or camps you operate.
  • Errors or omissions in the performance of professional services, such as legal, accounting or financial planning that result in an injury to your clients.
  • Other incidents arising out of business operations for which you are held liable .

If you're thinking about buying an umbrella policy, it's important to look at how it's worded. Some policies will define an "occurrence" as a single event, or a series of related events that happen at one location and during one policy period. Other policies may specify an occurrence as anything that happens within a certain time frame . If this is the case, any claims resulting from a single incident could be considered several occurrences under the umbrella policy - which could mean at least doubling your coverage limit.

What is first-party coverage under liability insurance?

First-party coverage is protection for an individual who wishes to protect their own interests and/or those of their family members. It's ideal for those whose needs are simple and straightforward; expenses incurred as a result of bodily injury and/or property damage—medical and dental costs, loss of earnings, and funeral expenses—are typically covered.

What is third-party coverage under liability insurance?

Third-party coverage is protection for a person or business that wants to protect his/her/its interests as well as those of others – such as someone else's property – against claims arising from bodily injury, property damage, and personal injury.

What is the difference between first-party coverage and third-party coverage?

First party coverage protects the policyholder, while third party coverage protects other people (i.e., the insured's responsibilities to others). Most standard liability insurance policies include first-party coverage for bodily injury and property damage, as well third-party coverage for bodily injury and property damage caused by the policyholder's actions or omissions.

First-party coverage typically provides protection against claims of bodily injury or property damage for which the policyholder is held legally responsible. Under third-party coverage, protection is extended to others (i.e., the insured's responsibilities to others) on an indemnity basis, meaning that payment of damages will be made to reimburse costs incurred by those injured or damaged as a result of the negligence of the insured.

What is Professional Liability Insurance?

Professional liability insurance can provide coverage for medical, legal or other professional services performed by the insured. The policy is not intended to indemnify the professional against personal liability, but rather to protect against claims made by clients of the insured resulting from negligent acts or omissions committed in the course of rendering professional service.

Professional liability policy is an endorsement to an existing general business liability coverage policy which provides extra protection when rendering professional services. It's typically offered at a lower price than a stand-alone policy because it's considered part of a package and can be offered as an endorsement to a general liability policy.

What is Errors and Omission Liability Insurance?

It's a type of professional liability insurance that typically supports those engaged in the business of offering advice or assistance. It offers protection to professionals (i.e., accountants and financial advisors), as well as others (such as lawyers and architects), who may face claims because they were at fault for providing incorrect information, incomplete facts, or failing to reveal known information.

What is the difference between Professional Liability and Errors and Omissions Insurance?

Professional liability insurance is coverage for medical, legal or other professional services performed by the insured. An errors and omissions policy provides protection for the client(s) of an insured who may make a claim due to negligent acts or omissions during the course of providing professional services.

What is Excess Liability Insurance?

It's coverage for participants in a group plan who are responsible for claims above the amount paid by the group or association. Typical insureds are employers, schools or municipalities that have workers' compensation insurance in place for their employees, but also want to provide excess liability protection in case the injury is more serious than the amount paid by the group plan.

Tamie Bittle

Verified

Y'all were my easy button, even though it may not have seemed that way from the start. I was in a rush to secure a builders risk policy for my home renovation after Harvey and SIG came through with a competitive bid and was able to get me covered in my short timeline to start the demo. There were a few miscommunications along the way, but the team was very polite and expeditious to rectify the situation with comfort and professionalism. I will definitely recommend you guys to friends and family. Thanks!
My broker was so patient and efficient.He found us the perfect plan for our company. I will definitely recommend him to anyone looking for insurance.

Amanda Gray

Verified

This company made the process of getting the right coverage at a reasonable rate for our commercial property a breeze. Our agent, Mr. Hurt, took care of everything from start to finish, short from paying for the coverage themselves. I highly recommend them!

Garrett

Verified

Susie Lybarger

Verified

They are very thorough and made me feel a lot better after just talking to them

Ines Tani

Verified

Sue Brinkman

Verified

Service Insurance Group's Customer Service is Excellent. They are very efficient, friendly and Professional. They go the extra mile to make sure they are providing the best option on all your Insurance needs. I would highly recommend everyone to at least get a quote from them, you won't be disappointed.

Juan Guerrero

Verified

We have received the best advice to obtain insurance for our small business. Very grateful to Ryan.

A.J. Reese

Verified

I have been working with SIG for almost a decade now. and they always provide prompt, courteous, and professional service. Also great rates.
Cannot say enough good things about my experience with Ricky and his team at Service Insurance Group. Always prompt responses, extremely helpful, and very professional. I highly recommend their services!

Duilio Tani

Verified

Bradley Hurt did really help us to find the right insurance companies we were looking for. Thank you.

Chris Hunter

Verified

Great people to work with! I think the main reason to go with Service Insurance Group vs a big box carrier is that their agents shop their carriers to find the right insurance for your need and budget. It's better than going to a big box agency as you're not stuck with just one carrier and what they're selling. I highly recommend Service Insurance Group if you're looking for insurance for you or your business!

Gloria Roberts

Verified

people here were so kind, nice n made me feel very comfortable. thanks so much.

Cheryl Calame

Verified

Great service!

Juan Guerrero

Verified

We have received the best advice to obtain insurance for our small business. Very grateful to Ryan.
My broker was so patient and efficient.He found us the perfect plan for our company. I will definitely recommend him to anyone looking for insurance.

rene chaho

Verified

Bradley takes the time to answer my questions every time. Look no further.

JOSIE DELEON

Verified

Great & quick responses! Bradley helped me very easily process! Highly recommend.

Cheryl Calame

Verified

Great service!
Extremely quick and made sure I was getting the right insurance policy that my customers required. Will be coming back for all of my insurance needs.

A.J. Reese

Verified

I have been working with SIG for almost a decade now. and they always provide prompt, courteous, and professional service. Also great rates.
Great Insurance Agency. Very professional and they will search numerous companies to get you the best rate.

Duilio Tani

Verified

Bradley Hurt did really help us to find the right insurance companies we were looking for. Thank you.

Trey Clark

Verified

We use SIG for our primary home, rentals and all of our vehicles. We are extremely pleased with the rates and service we receive from both Brad and Monica at SIG. We refer them every chance we get. We appreciate having a local insurance company we can depend on.

Ines Tani

Verified

Rachel Golden

Verified

SIG has handled our business insurance policies for the last 6 years. Great service and lovely people to work with!
Brad worked with me to find the right product to fit my specific needs. He went above & beyond & I'm so thankful to have him in my corner if/when I need anything.

Trey Clark

Verified

We use SIG for our primary home, rentals and all of our vehicles. We are extremely pleased with the rates and service we receive from both Brad and Monica at SIG. We refer them every chance we get. We appreciate having a local insurance company we can depend on.

JOSIE DELEON

Verified

Great & quick responses! Bradley helped me very easily process! Highly recommend.

Rachel Golden

Verified

SIG has handled our business insurance policies for the last 6 years. Great service and lovely people to work with!

Nick Johnston

Verified

Service Insurance Group is the only locally-owned / operated full-spectrum insurance provider I would do business with. They are simply outstanding: professional, responsive, caring, and customer-oriented. Thank you!!!

rene chaho

Verified

Bradley takes the time to answer my questions every time. Look no further.
Great Insurance Agency. Very professional and they will search numerous companies to get you the best rate.

A.J. Reese

Verified

I have been working with SIG for almost a decade now. and they always provide prompt, courteous, and professional service. Also great rates.

Chris Hunter

Verified

Great people to work with! I think the main reason to go with Service Insurance Group vs a big box carrier is that their agents shop their carriers to find the right insurance for your need and budget. It's better than going to a big box agency as you're not stuck with just one carrier and what they're selling. I highly recommend Service Insurance Group if you're looking for insurance for you or your business!

Nick Johnston

Verified

Service Insurance Group is the only locally-owned / operated full-spectrum insurance provider I would do business with. They are simply outstanding: professional, responsive, caring, and customer-oriented. Thank you!!!

Sue Brinkman

Verified

Service Insurance Group's Customer Service is Excellent. They are very efficient, friendly and Professional. They go the extra mile to make sure they are providing the best option on all your Insurance needs. I would highly recommend everyone to at least get a quote from them, you won't be disappointed.

Tamie Bittle

Verified

Y'all were my easy button, even though it may not have seemed that way from the start. I was in a rush to secure a builders risk policy for my home renovation after Harvey and SIG came through with a competitive bid and was able to get me covered in my short timeline to start the demo. There were a few miscommunications along the way, but the team was very polite and expeditious to rectify the situation with comfort and professionalism. I will definitely recommend you guys to friends and family. Thanks!

Sharon Rose

Verified

The response time was very quick. My needs were understood and met. Any concerns I had were addressed and explained. I did not get an automated system when I called. It was a pleasure to work with them.