RateGenius Insurance

9300 United Drive, Suite 180
Austin, TX 78758

Protect Your Business With A Commercial Insurance Policy

If you’ve been thinking of starting a small business, you’re going to spend a considerable sum of money upfront. An investment as essential and as money-demanding as starting a business does require a commercial insurance policy that’ll help you protect the value of your investment. Residents of Austin, TX can work with Rate Genius Insurance agents for all of their commercial insurance needs.

Commercial Insurance with No Worries

A lot of business owners can be myopic, choosing to focus on the short-term demands of the company and because of that end up ignoring the long-term issues. The only way to protect yourself and your employees from damages that can be potentially costly is to get insurance for your business. If you can locate a plan that covers all your needs, then you can focus on running the company without any additional worries.

Full Coverage

No two commercial insurance plans are the same. So, before you purchase any coverage, make sure you research all the available options to find the best fit for your business. It doesn’t matter if potential mishaps and accidents among your staff are your most significant worry, or if it is fire and storms, you can always find a commercial insurance plan that’ll account for all your fears. When you do find the right plan, the cost of it being on the high side may scare you a little, but when your company comes across a challenge, you’ll appreciate and be happy you invested.

Some commercial insurance companies only offer policies that cover specific industries. It is important to always look for insurance companies that cover your type of business. If you are a restaurant owner, for example, then you’ll want to purchase a plan from a company that works with restaurateurs.

Business owners should never underestimate the importance of commercial insurance policies. Failure to keep up with your insurance can be very costly in the long run.

Contact us

Rate Genius Insurance is available to discuss all your commercial insurance needs. For everyone who resides in Austin, TX and around the state, please reach out to our offices to learn more about how to get a quote and better protect your business.

 

Will my insurance prices go up if my health gets bad?

When you think about purchasing a life insurance policy from Rate Genius Insurance in Austin, TX, you want to make sure that you are getting the most protection and that you won’t have any unexpected expenses. Life insurance is a serious investment, and you need to be able to depend on it when the time comes.

When you sign up for life insurance, you have to answer a lot of questions. Many of them are about your lifestyle and your habits. For instance, you will have to tell whether you smoke or drink, and how much. Unless you signed up through an employer, you probably had to take a health exam. Then your rate will be determined by factors such as your age, weight, health, and lifestyle habits.

As long as you tell the truth during your initial application, those are the factors that will determine how your insurance cost is assessed. If you have a heart attack, stroke, or any other medical emergency, it will not count against you because you have already been approved based on your application. If you lie during your application, your insurance can refuse to pay out when you need it.

Because of this, it may be wise to purchase a comprehensive life insurance policy when you are younger. You may think that you can wait until you are older and have extra money, but if you do that you may face the risk of having developed health problems that make your life insurance more difficult to obtain.

You can compare different life policies at Rate Genius Insurance. We welcome new customers in Austin, TX and around the state. Reach out to our offices to have your questions answered and to learn more about the policies we offer.

Why should you insure your business?

You have invested money, effort, and time into your business, and to allow any risks to interfere with it would be tragic. So, you have to find the means in Austin, TX, to protect it against any unforeseen risks. Your business is a large investment that guarantees your livelihood and to ignore the opportunities to protect it is irresponsible.

A commercial insurance policy ensures that you are prepared even if a risk occurs. It assures that you don’t end up using your company profits or revenue to pay for expenses that could be avoided as long as it does not go beyond the policy limits. Are you still wondering why you should insure your business? Here are a few reasons why you should acquire a commercial insurance policy from Rate Genius Insurance in Austin, TX.

Peace of mind

When it comes to getting the best out of your business, passion, concentration, and peace of mind is needed. However, you cannot have any of that when wondering if your business is going to collapse tomorrow or if a disaster is going to strike which can damage your building. You need to focus on the day to day operations without fear. Having a commercial policy can help you relax with the proper coverage in place to cover financial strains that may arise with damages and injuries.

Taking care of employees

Your employees are the greatest assets. In the day to day duties, they may receive injuries which require medical attention. With a workmen’s policy, you get to pay their medical bills without using your revenues, and in return, they get to go back to work as soon as possible.

Protection against Liability claims

As long as you are interacting with people in your day to day activities, you should be prepared for any liability claims and lawsuits. You never know who you might injure either through advertisement or your products. You may wake up one day to find out that you are being sued for defamation and slander. If you don’t have a commercial policy, you may end up using your business revenue which can lead to bankruptcy.

In conclusion, if you decide to insure your business, Rate Genius Insurance is here to guide you. Feel free to contact us to learn more about commercial insurance.

Do I Need to Tell My Spouse If I Am Taking Out Life Insurance on Them?

If you are reliant on your spouse’s income to continue to live the lifestyle you and your children have become accustomed to, it would be wise to take out a life insurance policy. A life insurance policy provides you with money to pay funeral expenses, your bills, and maintain the lifestyle you are currently used to if your loved one passes away. At Rate Genius Insurance, serving the greater Austin, TX area, we have people ask us all the time if they need to tell their spouse they are taking out a life insurance policy on them. The answer is yes and here is why.

Consent is Required

Unless you are taking out life insurance on a minor child that you are a legal guardian of, consent is required to take out a life insurance policy on someone, including a family member, friend, or even a spouse. If the person does not want you to take out a life insurance policy on them, for any reason, you will not be allowed. There are a few exceptions to this, such as when there is a court order allowing someone to have life insurance for their kids as part of a divorce agreement, but for the most part, consent is always needed. 

Physicals May Be Required

The second reason you likely can’t take out a policy without your spouse’s permission is that physicals or medical exams are often needed to get life insurance. If your spouse doesn’t agree, they may not get a physical which can impact your ability to get a policy. 

If you want to take out a life insurance policy on your spouse in the greater Austin, TX area, and your spouse consents, come to Rate Genius Insurance. We can help you determine how much life insurance you need to maintain the lifestyle you have and put together a policy that you fits your needs. Call us now to get started or to obtain a quote. 

How Often Should you Review your Commercial Insurance Policy?

Most business owners already know and understand that having commercial insurance is important. If you’ve been in business awhile, it might be time to take a look at your coverage just to ensure your plan is still meeting your needs. Our Rate Genius Insurance Team has put together this list of things you need to know about how often to review your commercial insurance policy.

There’s No Specific Requirement in the United States on Timeframe

First of all, there’s no specific requirement as to how often you need to discuss your commercial policy with your agent. However, certain industries do require companies to carry a minimum amount of liability insurance, making it important to double check to see if you are meeting these standards periodically.

A Policy Review is More Important Than You Might Think

While some might feel that a policy review isn’t important, the truth is that it is necessary for any thriving, growing business. By making sure your insurance coverage meets the size and stature of your company, you can rest assured that you are prepared for whatever situations come up in the future.

The Verdict? Usually, Two Years Depending on Growth

Our final verdict on when you should work with your agent to review your commercial insurance policy is about every one to two years. If not much has changed in your industry or the size of your company, you will probably be just fine with the latter. If you’ve hired employees or added a new fleet of vehicles or something similar, you will want to schedule a review at renewal or even sooner.

Are you ready to review your commercial insurance policy? Rate Genius Insurance serves businesses throughout the United States with coverage to meet their needs. Contact us today for details.

Why Do You Need Life Insurance

Many people would rather not talk about buying life insurance because it gets you thinking about death. Most don’t realize that life insurance is about taking care of your loved ones when you are no longer able to. The independent agents at Rate Genius Insurance have an office in Austin, TX with agents available to assist individuals all over the United States with life insurance policies.

A Safety Net for Your Dependents

One of the most important reasons to have a life insurance policy is to protect your dependents. Because young children are unable to take care of themselves, having life insurance is a great way to make sure that they are secure if you suddenly die. In addition, if you have a spouse that depends on your sole income for support, you may need to acquire life insurance to make up for their expenses. Life insurance could pay for a spouse’s mortgage, rent, utilities, and other necessary items.

The Final Arrangements

Funeral arrangements can become overwhelming, especially if the death is sudden. Having a life insurance policy could take care of these expenses and relieve some of the financial burdens for your loved ones.

“Death” Taxes

Your dependents may have to accept a smaller inheritance by liquidating their assets if they are required to pay federal estate taxes after your death. Life insurance could be used for this purpose. If your heirs don’t have to pay an estate tax, then the life insurance could be used as an extra source of income.

No matter where you are in the United States, you can call the independent agents in Austin, TX about securing life insurance for you and your family. Rate Genius Insurance can also work on other types of policies, including auto, home, motorcycle, and recreational vehicle insurance.

Why you need Insurance

Texas is a large community that offers access to the many beautiful cities in Texas has to offer. If you are thinking about moving to Texas or have just made the move, make sure you are properly insured through an insurance company like RateGenius, who can provide a wide variety of insurance at competitive rates. Below are some types of insurance you may want to consider, depending on your living and work situation in Texas.

HOME INSURANCE

Home insurance is a critical thing to have in Texas for a vast number of reasons. Beyond the unpredictable flooding due to a pipe breaking, or a fire breaking out, there is the constant threat of weather in Texas. Beyond the powerful winds that could wipe out a house, there is the debris and other bits of damage that could make your home unlivable without insurance to repair it after the fact.

AUTO INSURANCE

There is not a lot of useful public transportation in Texas so you will most likely need a vehicle if you plan on living there, which means you will also need auto insurance. There are policies available that fit all budgets based on how much you drive and hat type of car you own.

COMMERCIAL INSURANCE

If you are working in Austin or in the surrounding area, having commercial insurance is a great idea, as you will need to protect yourself and your business from lawsuits and also your customers, depending on what type of business you own. The cost of this policy will obviously depend on what business you are doing and how vulnerable it may be.