Loving Insurance Agency
Business Insurance Products (TX only)
Personal Insurance Products
Life, Health & Annuities
Crop Insurance Products
Property Coverage
Policy options include:
- Buildings owned by the insured for various perils.
- Business Income reimburses you for actual loss of earnings for up to 12 months resulting from a covered loss to your property.
- Computer and Media-Provides coverage for your computers, peripheral devices and media and for the cost to research, replace or repair lost or damaged software.
- Business Personal Property (Contents) for coverage of furniture, fixtures, merchandise materials and all other personal property owned by you and used in your business.
- Property of Others to protect you against loss or damage to the property of others that is in your possession at a job site or on your premises.
- Laptop Computer coverage (up to $10,000), including PDAs and similar portable computer equipment anywhere in the world and while in transit.
- Equipment Breakdown offers coverage for loss or damage caused by mechanical breakdown or artificially generated electrical current.
- Lock and Key Replacement coverage replaces, up to a specific amount, the locks and keys at your business premises after theft or break in.
Liability
Commercial General Liability (CGL) Covers claims of bodily injury or other physical injury of property damage. It is frequently offered in a package with Property insurance to protect your business against incidents that may occur on your premises or at other locations where you normally conduct business. The most common options are bodily injury, property damage, personal injury or advertising injury, automatic additional insured, employment practice liability, defense cost, premises and operation liability and tenant liability.
Professional Liability/Errors and Omissions policies protect you and your business from potentially catastrophic litigation caused by charges of professional negligence or failure to perform your professional duties.
Commercial Vehicle Coverage
Additional Insured Coverage is available for cases where you work for, or lease vehicles from, other entities by providing liability protection you may need.
Audio, Visual and Data Electronic Equipment Coverage provides protection for equipment permanently installed in the vehicle, or removable from a housing unit that is permanently installed in the vehicle and uses the vehicle's electrical system for power.
Bodily Injury and Property Damage, like personal insurance, covers Bodily Injury and Property Damages for accidents which are your fault. Similarly, Medical Payments, Uninsured Bodily Injury and Uninsured Property Damage, Collision and Comprehensive are all very much like the personal options.
Drive Other Car Coverage provides liability and physical damage coverage protection if you or your employees rent private passenger cars on a short term basis, even when there is no personal auto liability in force.
Hired Auto provides liability coverage for you, as the business owner, when you rent vehicles for use in your business on a short -term basis. You may also consider Hired Auto Physical Damage Coverage.
Non-owned Auto Coverage for employees driving their own vehicles while on the clock is liability protection to your business for injuries or damages that are a result of an accident.
Rental Reimbursement Coverage reimburses you for the cost of renting a vehicle when Comprehensive or Collision loss occurs.
Loading and Unloading provides liability protection for damage resulting from the handling of property during the loading or unloading from your covered vehicle.
Bonds
A Surety bond is issued by an entity on behalf of a second party, guaranteeing that the second party will fulfill an obligation or series of obligations to a third party. In the event that the obligations are not met, the third party will recover its losses via the bond.
Workers' Compensation
Workers' Compensation is Insurance paid for by an employer that provides cash benefits and medical care if you become disabled or injured while on the job.
Note: If you are not required by statute to carry Workers' Compensation insurance, but a general contractor (GC) requires you to have it, the GC is within rights. Generally, the Workers' Compensation statute says that the GC is liable for any injuries to uninsured subcontractors or their uninsured employees. Because of this, the GC's insurer will charge additional premium if you cannot provide proof of coverage, even if you have no employees. If the GC won't hire you unless you have a policy and insure yourself, you will need to buy a policy covering your business or yourself, or work for a GC who does not have this requirement.
Municipalities
Loving Insurance Agency can provide quotes for all types of municipal coverage for counties, cities, and hospitals.
