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At some point, most business owners will ask themselves how important it is to carry a business insurance policy. Now, I get it. This question is totally understandable, especially if you have never filed a claim before. However, it is so important to remember that just because you’ve never needed to file a claim does not mean that you never will. So first off, you need to keep in mind that some businesses are actually required to carry certain types of insurance. It’s an obligation to be insured.

Second, operating without insurance risks your livelihood; it risks the incomes of your employees; and it even risks the solvency of any businesses that rely on you for service. So before making a decision on how to structure your business insurance, it is definitely worth taking a step back and taking account of all the even more impossible situations that could cause your business to suffer. So once you’ve brought those up to your insurance agent, the good ones can help you shave off any unnecessary costs out of your business policy while still providing a solid coverage amount. Oh, and do not be shy about letting them know that you have questions or concerns. I hope this was helpful.

We’d be happy to review your insurance coverage options with you! Give us a call at (512) 989-0668 or visit https://chavezinsure.com.

We’d be happy to review your insurance coverage options with you! Give us a call at (512) 989-0668 or visit https://chavezinsure.com.

Look, I know we all understand the importance of having life insurance, right? But some policy holders are a little bit confused about whether or not the beneficiary of a life insurance policy can be changed. So in most cases, changing a life insurance beneficiary is relatively straightforward. Uh Typically you’ll just need to fill out a form or two from your carrier uh to the new beneficiary. Now, I will say in a few cases, however, changing the beneficiary of a life insurance policy will require the approval or permission of someone else. So if you live in a community property state and bought the life insurance policy after getting married, you’ll need the permission of your spouse before changing the beneficiary. Now, on a similar note, if your life insurance policy has an irrevocable beneficiary, then you will need approval from that beneficiary before changing the policy to make sure your life insurance policy is structured properly. The best thing to do is to just sit down with your insurance agent and have them show you your options.

We’d be happy to review your insurance coverage options with you! Give us a call at (512) 989-0668 or visit https://chavezinsure.com.

We’d be happy to review your insurance coverage options with you! Give us a call at (512) 989-0668 or visit https://chavezinsure.com.

As we continue our series of business insurance examples…

See how Bad Luck Case #3 might have been improved with a Property Insurance Policy that included Debris Removal Coverage, along with Business Income Insurance.

Bad Luck Case #4 reveals a very real need for Cyber Liability Insurance with Data Ransom Coverage

Call Chavez Insurance Group in Round Rock TX at (512) 989-0668

Hey guys, this is Gabby of the Chavez Insurance Group. I’ve got one quick question for her. Why should people have water damage in their home policy?

Well, water damage is one of the biggest claims or common claims that policyholders put in your homeowner policy and that could happen anytime during the night, during your vacation. And if you don’t have that coverage, it’s going to be a really, really bad claim for you. So it’s going to be better for you to get water damage on your policy.
Great advice from Gabby at the Chavez Insurance Group!

Call Chavez Insurance Group in Round Rock at (512) 989-0668

What insurance does a small business actually need?
Much of a business’s success depends on how well it can overcome obstacles.

Chavez Insurance Group is here to help guide you through the perils that you likely don’t anticipate.

Bad Luck Case #1
In this example, the hefty legal and judgment costs would have been covered by Hired and Non-Owned Auto Liability Insurance, up to purchased policy limits.

Bad Luck Case #2
ACME had Worker’s Compensation Insurance that covered Julie’s expenses, but not Colleen’s. The state identified that ACME had misclassified Colleen, which led to hefty penalties and judgments for medical costs and damages.

Call Chavez Insurance Group in Round Rock TX at (512) 989-0668

Do you have any questions about homeowners insurance coverages? We’d be happy to help!

Call Chavez Insurance Group in Round Rock TX at (512) 989-0668

Hello. My name is Felix Chavez. I’m the owner of the Chavez Insurance Group in Round Rock, Texas. I have been a life insurance agent for 21 years, and in researching during different times of the year, one of the particular times that I love to be able to see information on life insurance is during September. September is Life Awareness Month, where a lot of companies will make life insurance a priority. And in looking at LIMRA, which is a website that is a research tank for a lot of insurance agents and insurance companies, they posted information as to why people don’t buy life insurance. And one of the reasons is that prospects are unsure of how much coverage to buy and what type.
And the type is important. Most people are not aware that today you can purchase life insurance, while living you can use the benefits. So they’re called living benefits available in life insurance policies. Now, most companies still don’t offer all of them, and if they offer them, they charge you for them. Well, National Life Group has four living benefits built into their policies and they come with each one of the policies, whether you’re buying a term, a whole life, or universal or index universal life policies.
The coverages and the benefits work in this fashion. There’s four of them, terminal illness, chronic illness, critical illness, and of course the last one being the critical injury. So I’ll give you a very simple explanation. If I was a patient that had a terminal illness and had a 24-month time period to live, I would be able to take up to 100% of that death benefit to be able to use while I’m still living, so I don’t have to die to be able to use that coverage. And if I had a half a million dollar life policy, well I could definitely do a whole lot with that half a million dollars to take care of myself and to pay expenses while I was still living.
So again, living benefits can be a huge, huge impact on families, especially when they have issues that they’re going to survive. And most people can survive a lot of these listings on this page and it becomes expensive for them to continue paying medical bills. So the living benefits were introduced by National Life Group many years ago, and in 2007 were introduced inside of the policies already built in. So if you need some help understanding your life policy or you need to compare your life policy to a company that has living benefits, please give us a call, 512-989-0668.

Call Chavez Insurance Group in Round Rock TX at (512) 989-0668