Month: February 2025

Libel and Slander: How Commercial Insurance Protects You

Posted on by AgentInsure

If you own a small business, it’s essential to take measures to protect it. This is crucial for securing your income stream and defending against developments that could bankrupt you and put you out of business. Most business owners are concerned about issues like personal injury, property damage, and theft. But what about libel and slander? While libel and slander don’t involve intentional damage or physical injury, they can nonetheless harm your business. Let’s examine how commercial insurance can protect you from libel and slander and why you should trust us at The Select Insurance Agency serving Coppell, TX to help you find a reliable commercial insurance policy.

How Commercial Insurance Defends Against Libel and Slander

Libel or slander refers to false statements that damage your business. Commercial insurance can protect you against libel and slander by helping cover the costs of any business interruptions caused by these, assisting in paying any out-of-court settlements and covering the legal fees you incur to defend yourself against libel and slander. It’s important to know that certain conditions need to be met for you to file a claim successfully. Libel or slander must occur while you’re in business and while a commercial insurance policy covers you and must be backed by proof that a false and damaging statement was made (to a third party in a way that was not privileged and confidential) and must have affected your business. If you can prove all this, you can get the support you need from your commercial insurance policy for libel and slander.

Find Commercial Insurance With The Select Insurance Agency

The Select Insurance Agency, serving those in the Coppell, TX area can help you find commercial insurance supporting you when facing libel or slander. Reach out to us today or compare quotes with us now!

Is Worker’s Comp Insurance Mandatory in Texas?

Posted on by AgentInsure

If you’re thinking about starting a business in Coppell, TX, deciding whether to get worker’s compensation insurance for your company is a crucial consideration. While the state doesn’t mandate private employers to have a worker’s comp policy, certain operations may necessitate carrying a policy. The Select Insurance Agency can assist in determining whether you should purchase a worker’s compensation policy to safeguard your company.

Who Needs Worker’s Compensation Insurance?

Private employers contracting with government bodies must provide workers’ compensation insurance for those working on government-related projects. If you have government contracts, you may need your subcontractors to carry worker’s comp policies to protect your companies. Worker’s compensation policies do not cover employees from injuries caused by extreme weather events like hurricanes and tropical storms unless their jobs involve significant exposure to such events. However, having worker’s comp insurance protects you against lawsuits from workers injured on the job.

What If My Business Doesn’t Have a Worker’s Comp Policy?

Even though Texas law doesn’t require most companies to have a worker’s comp policy, having one is beneficial. These policies offer substantial protection, preventing employees from suing you if injured while performing their duties. Without it, you lose the ability to argue in court that an employee’s negligence caused the injury or another employee was responsible for the accident. You also can’t argue that an employee knew about dangers and accepted them.

Worker’s compensation provides benefits that far outweigh the premiums paid, including funding medical treatments and death benefits if a worker is killed on the job.

Learn more about how a worker’s compensation insurance policy can protect your business. Contact the experts at The Select Insurance Agency, serving Coppell, TX, to get started on coverage.

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