Any enterprise can be sued. People may claim that your business caused them harm as the result of, for example, a defective product, an error in a service or disregard for another person’s property. Or someone may allege that you created a hazardous environment. Your liability insurance pays damages for which you are found liable, up to the policy limits, as well as attorneys' fees and other legal defense expenses. It also pays the medical bills of any people injured by your business.
– In all states but Texas an employer must have workers compensation insurance when there are more than a certain number of employees, varying from three to five, depending on the state. Workers comp insurance, as this coverage is generally called, pays for medical care and replaces a portion of lost wages for an employee who is injured in the course of employment, regardless of who was at fault for the injury. When a worker dies as a result of injuries sustained while working, the insurance provides compensation to the employee’s family.
Trucking Insurance
We promise to make the quoting process as easy as possible. ASA Mutual Insurance Group has grown steadily for almost throughout the years. We currently service approximately 2,200 trucking risks throughout Texas. The majority of our customers are smaller risks from one to ten units. Even though we have several fleet accounts within the agency, most of these accounts started out small and have grown in size over the years. Our smaller customers can have confidence that their business is important to us and they will be treated with the utmost respect even if they don’t have 100 units on the road. We are committed to providing our customers accurate, dependable, and timely advice. You can rest assured we understand the trucking industry!
Managing trucking insurance needs and getting an insurance quotes online saves you time and money, ASA Mutual Insurance Group provides fast, reliable services to our clients at an affordable cost. Our comprehensive insurance plans will make getting insured and on the road simple for you. Because of our competitive pricing and above-standard service, our retention rate averages over 98% annually. Simply put, we keep our customers happy.
We offer a full line of products and services specifically designed to meet the trucking insurance needs of owner/operators and their fleets, including:
Primary Liability
Physical Damage
Non-Trucking Liability (Bobtail)
Motor Truck Cargo
Occ/Acc Insurance
Online Owner Operator Fleet Management System
General Liability
Inland Marine
Workers Comp
Umbrella
A legally binding contract that ensures obligations will be met between a principal (whoever needs the bond), an obligee (the one requiring the bond) and a surety (the insurance company guaranteeing the principal can fulfill the obligations). Surety bonds are often misunderstood, as their purpose is different depending on which perspective you are coming from.
Your homeowners policy pays to repair or rebuild your home if it is damaged or destroyed by fire, hurricane, hail, lightning or other disasters listed in your policy. It will not pay for damage caused by a flood, earthquake or routine wear and tear. When purchasing coverage for the structure of your home, remember this simple guideline: Purchase enough coverage to rebuild your home.
Most policies also cover detached structures such as a garage, tool shed or gazebo—generally for about 10 percent of the amount of insurance you have on the structure of your home.
Your furniture, clothes, sports equipment and other personal items are covered if they are stolen or destroyed by fire, hurricane or other insured disasters. The coverage is generally 50 to 70 percent of the insurance on the structure of your home. The best way to determine if this is enough coverage is to conduct a home inventory.
Personal belongings coverage includes items stored off-premises— this means you are covered anywhere in the world. Some companies limit the amount to 10 percent of the amount of insurance you have for your possessions. You also have up to $500 of coverage for unauthorized use of your credit cards.
Expensive items like jewelry, furs, art, collectibles and silverware are covered, but there are usually dollar limits if they are stolen. To insure these items to their full value, purchase a special personal property endorsement or floater and insure the item for its officially appraised value.
Trees, plants and shrubs are also covered under standard homeowners insurance—generally for about $500 per item. Trees and plants are not covered for damage by wind or disease.
Liability covers you against lawsuits for bodily injury or property damage that you or family members cause to other people. It also pays for damage caused by your pets. So, if your son, daughter or dog accidentally ruins a neighbor’s expensive rug, you are covered. (However, if they destroy your rug, you’re out of luck.)
The liability portion of your policy pays for both the cost of defending you in court and any court awards—up to the limit stated in your policy documents.
Liability limits generally start at about $100,000, however, it’s a good idea to discuss whether you should purchase a higher level of protection with your insurance professional. If you have significant assets and want more coverage than is available under your homeowners policy, consider purchasing an umbrella or excess liability policy, which provides broader coverage, including claims against you for libel and slander, as well as higher liability limits.
Your policy also provides no-fault medical coverage, so if a friend or neighbor is injured in your home, he or she can simply submit medical bills to your insurance company. This way, expenses are paid without a liability claim being filed against you. It does not, however, pay the medical bills for your own family or your pet.
ALE pays the additional costs of living away from home if you cannot live there due to damage from a an insured disaster. It covers hotel bills, restaurant meals and other costs, over and above your usual living expenses, incurred while your home is being rebuilt.
Keep in mind that the ALE coverage in your homeowners policy has limits—and some policies include a time limitation. However, you can generally increase the amount of ALE coverage for an additional premium.
Your ALE coverage limit is separate from the amount available to rebuild or repair your home. Even if you use up your ALE your insurance company will still pay the full cost of rebuilding your home up to the policy limit.
If you rent out part of your house, ALE also covers you for the rent that you would have collected from your tenant if your home had not been destroyed.
Understand the common types of auto coverage and get the insurance you want, to fit your budget.
Liability Coverage. ...
Collision Coverage. ...
Comprehensive Coverage. ...
Uninsured/Underinsured Motorist Coverage. ...
Medical Payments. ...
Personal Injury Protection (PIP)
Auto liability insurance covers the damage to other vehicles and injuries to other people that result from an accident caused by the insured individual.
Liability insurance does not cover damage to your own vehicle if you are at-fault in an accident, you need collision and comprehensive coverage to pay for those damages. Nor does liability insurance reimburse you for medical expenses if you are at-fault in an accident, your personal health insurance plan may be able to cover unreimbursed medical costs. It also does not cover claims that exceed the limits of your coverage, and it may not extend to legal defense exceeding your policy limits. Higher liability limits can help you to avoid paying out-of-pocket when damages exceed minimum limits, and an umbrella policy can offer limits of $1 million or more once your auto insurance limits are reached.
There are two kinds of liability coverage:
1. Bodily injury coverage - Bodily injury liability, which covers medical costs, funeral expenses, lost income and pain and suffering of people injured by you.
2. Property damage coverage
- Property liability, which reimburses accident victims for the repair or replacement of belongings damaged by you. This covers both someone else’s car or property;
for instance, if you hit a sign or house.
Both types of liability insurance cover you only up to your limits, and that is why it’s important to make sure you buy enough coverage for the protection you need. Use our coverage calculator to find a recommended liability coverage level.
Collision Car Insurance: What is Collision Coverage?
Collision car insurance refers to protection for your car when it is involved in a crash with another vehicle or a stationary object. Most car crashes and auto accidents fall under this kind of insurance policy. The types of damages include crashing into another vehicle, another vehicle colliding with yours, or ramming into a streetlight, pole, or some other stationary object. It'll cover the cost of repairs or replacements to your own car (liability coverage and insurance takes care of damages to other people's property).
Do I Need Collision Insurance?
We recommend people have collision insurance if the value of the premiums paid in five years are greater than the current value of your car. If you are paying an extra $600 per year for collision insurance, you would spend $3,000 in five years. If your car is worth less than $3,000 currently, it will be worth even less in five years, meaning you would have spent more on insurance than the value of the car. When you shop for car insurance you will be able to see how much each part of the policy costs, including the collision. Once you have both values figured out you can determine whether collision insurance will be worth it. If you have a leased or financed car, we would always recommend collision insurance, as well as gap insurance.
What is Comprehensive Coverage?
Comprehensive car insurance is usually overshadowed by its better known cousin, collision insurance, but it's just as important. Otherwise known as "other than collision" or "comprehensive coverage", the phrase is a bit of a misnomer. It actually doesn't give you complete coverage, contrary to what its name might indicate. Comprehensive car insurance really just covers damages to your vehicle not caused by a collision, and car owners can be surprised by how much this can encompass. Read below for examples of damages, and an evaluation of whether you need comprehensive insurance for your vehicle.
Types of Damages Covered Under Comprehensive Auto Insurance
Below are a couple examples of accidents and mishaps other than fender-benders:
• Natural disasters: storms, tornadoes, hurricanes, earthquakes, hailstorms
• Fire, civil commotions, explosions
• Vandalism and theft
• Damage from impacts with animals (deer, etc.); note: a crash from swerving to avoid animals will likely fall under collision
• Broken / shattered windows and windshield
• Falling objects
• Terrorism
• Acts of God
What is the Difference between Collision & Comprehensive?
The key difference in collision vs. comprehensive coverage is to a certain extent the element of the car driver's control. Collision insurance will typically cover events within a motorist's control, or when another vehicle collides with your car. Comprehensive coverage generally falls under "acts of God or nature", that are typically out of your control when driving - a spooked deer, a heavy hailstorm, a carjacking, etc.
Similarities
Both comprehensive and collision insurance cover damage to your own vehicle.
Yo don’t have to choose a coverage limit. The coverage limit is the actual cash value of your car
When your car is damaged, both generally have a deductible you will be responsible for. Your insurance company will offer a range of deductibles for comprehensive and collision policies. Choosing a higher deductible will lower the cost of your premiums, but with a higher deductible, you will be responsible for more of the cost if you file a claim.
Insurance companies typically offer comprehensive and collision packaged together, although they can also be bought separately. Some insurance providers will require the purchase of comprehensive coverage before you can buy collision coverage, but not vice versa.
Both are optional under state laws. However, if your car is financed, your lender or leasing company will likely require you to purchase both types of coverage.
Differences
The main difference between comprehensive and collision insurance is the damage they cover. A good rule of thumb to remember is that collision covers drivers when they are in an accident with another vehicle or they hit an object, and comprehensive covers drivers against events that are outside of their or another driver’s control.
Collision coverage premiums are more expensive, costing as much as three times more than comprehensive coverage.
Uninsured motorist coverage protects you if an at-fault driver doesn’t have insurance, and cannot pay for property damage or bodily injury caused in the accident. Underinsured motorist coverage protects you if an at-fault driver has insurance, but their limits are not high enough to cover the accident.
Medical payments coverage generally pays for medical costs after you are hurt in a car accident, regardless of who is found at fault for the accident.
Additionally, medical payments insurance may help pay for:
Funeral expenses.
Injuries sustained by your passengers.
Injuries you sustain as a pedestrian or bicyclist after a car hits you.
Necessary dental care as a result of a car accident.
Benefits and restrictions of medical payments coverage will differ among car insurance companies.
Make sure that when you are comparison-shopping for your car insurance, you speak with an insurance agent from the company to fully understand the details of their medical payments coverage.
PIP (short for Personal Injury Protection) is the portion of a car insurance policy that provides medical expense and work loss coverage for you and your passengers after a car accident, regardless of fault. PIP coverage is often a requirement in "No Fault" states since it pays first for your injuries, no matter who caused the accident.
You might choose PIP insurance if….
You drive around with lots of passengers in your vehicle who could hold you responsible for their injuries in an accident.
You don’t have a great health insurance plan. Often, having great health insurance renders PIP/medical coverage far less useful. If in doubt, check with your healthcare provider.