If you have started a business in Amarillo, TX, you want to keep your costs at a minimum. As such, you may want to justify any cost that you incur in your business. In light of this, you may want to know whether it makes sense to invest in commercial insurance from Nest Insurance Agency.

If you are asking whether business insurance is worth it, please consider the below reasons.

It’s the law

Depending on your state, some aspects of commercial insurance may be mandatory for your business. For instance, in Texas, businesses must invest in commercial auto insurance for all commercial cars. Failure to purchase the required business coverages leads to non-compliance penalties and fines.

To protect you from lawsuits

When running a business, lawsuits can strike anywhere and anytime. You could be sued if an employee is injured when your product causes harm to a consumer, or after publishing a report deemed malicious.

Given the ubiquitous nature of litigations, you must invest in commercial insurance to protect your business from financial losses.

Protects your employees

Commercial insurance protects your most valuable assets — the employees — from accidents in the workplace. If you have no motivation to invest in business insurance, think about the safety of your employees.

To keep your business running

Did you know that one peril can grind your business to a halt? Yes, suppose a fire or an expensive legal suit strikes your business? The damage could be too severe for your business to survive. If you want your business to survive for many years to come, investing in business insurance is compulsory.

Boosts your credibility

Business insurance makes your business look reputable. As a result, suppliers and customers will want to do business with you because their interests are well-protected.

Invest in commercial insurance today!

Would you like to protect your Amarillo, TX business? Don’t hesitate to get in touch with Nest Insurance Agency for an affordable quote.  

Lawsuits are unexpected, and your underlying coverages may not cover their accrued expenses. Umbrella Insurance offers additional protection for injuries and accidents you’re sued or liable for. It is ideal for people with valuable assets or greater risk exposure. In Texas, insurance policies are made for rainy days, and when the rain turns into a storm, umbrella insurance will help protect what matters most. Nest Insurance Agency offers umbrella insurance services to residents of Amarillo, TX.

Umbrella Insurance in Texas

Often, you find yourself subject to an unexpected accident or legal claim. In Texas, juries are unpredictable, and as it costs nothing for a lawsuit to be initiated, defending yourself can get very costly. Umbrella insurance protects a variety of unanticipated mishaps and probable financial perils.

What is Covered in Texas’ Umbrella Insurance?

Umbrella insurance covers liability for different types of risks, excluding property losses and personal medical expenses. If you cause injuries during an accident or if someone is hurt on your property, don’t panic. This policy covers expenses for injuries and property damage in accidents you or your dependent causes. It also sums up other legal costs depending on your needs and the attorney.

The Costs of Umbrella Insurance in Texas

Compared to the amount of protection offered, umbrella insurance is a very affordable expense. The carrier provisions determine the insurance costs, the amount of coverage purchased, your driving record, and your risk profile. Mostly, these policies are purchased in increments, and they are inclusive of protection beyond and above basic insurance liability limits.

A Texas umbrella insurance policy offers higher coverage costs for minimum liability policies, which reduces probable liability exposure. It covers things that aren’t included under typical auto and home policies and helps pay for legal defense if you get sued.

In the litigious world we live in, Nest Insurance Agency is dedicated to providing the best line of defense in tough situations. We work with residents of Amarillo, TX to evaluate risks and assets that need protection. Contact us to choose a suitable umbrella insurance policy.

Are you worried about how your dependents would survive if you died today? Worry no more. Life insurance could be the solution you have been searching for. Your loved ones can use the proceeds from your life insurance to meet their financial obligations. And that’s not all. If you doubt life insurance, here are the five advantages you risk missing out on when you don’t invest in a life insurance plan from Nest Insurance Agency of Amarillo, TX.

Pays your debts

When you die, your debts don’t disappear. You leave the burden with your loved ones and cosigners. Thankfully, if you have a life insurance plan, the proceeds can be used to settle your mortgage, credit cards, and student loans. 

Pays your funeral expenses

Study shows that not many Americans have adequate savings to finance their final expenses. And since funeral expenses are costly, investing in life insurance is pivotal since the proceeds can be used to meet your final costs. This way, your family and friends can mourn your loss in peace without thinking about funeral expenses. 

Peace of mind

When you have invested in life insurance, you don’t have to keep worrying about what will happen to your loved ones when you are long gone. Life insurance keeps you relaxed, knowing that the financial interests of your beneficiaries will be taken care of in your absence. 

You can borrow loans against your investment

When you invest in whole term insurance, you can take loans against your cash value portion. Although this will reduce your death benefit, this coverage can answer your liquidity problems when alive. 

It’s tax-free

When your loved ones receive the life insurance lump sum, it’s usually tax-free. This way, they have a large amount at their disposal to pay off debts, finance everyday obligations, handle childcare, college fees, and so on. 

Invest in life insurance today!

Would you like to secure your loved ones and other financial interests? Don’t hesitate to get in touch with Nest Insurance Agency of Amarillo, TX today to help you choose a life insurance plan that suits your needs. 

From the day you established your business in Amarillo, TX, you are exposed to risks. Ranging from theft, fire, lawsuits, accidents to natural disasters, your business operates in a volatile environment. For this reason, you need proper commercial insurance in place to cushion your business when catastrophes strike. Fortunately, businesses have numerous commercial insurance coverages to choose from. Here are four commercial insurance add-ons to consider for your business, according to Nest Insurance Agency.

Workers’ comp insurance

Whether you have seasonal, part-time, or full-time workers, you need to protect them from work-related injuries and general illnesses. Workers’ comp insurance helps you protect your most valuable assets by paying for their medical costs, partial loss of income, and funeral expenses, following workplace injuries or other illnesses. 

Liability insurance

Since businesses operate in a litigious environment, investing in liability coverage is a must since one liability claim can wipe your hard-earned business. For this reason, you need liability coverage to protect your business against advertising injury, property damage, and bodily injury from third parties. This way, you don’t have to use your business resources to finance expensive liability claims.

Property insurance

Whether you own or have leased your commercial building, property insurance is a no-brainer. Besides, this coverage protects your inventory, furniture, computer equipment, and other assets from perils like lightning, hail, fire, theft, and so on. However, you may need separate covers for mass-destruction perils like floods and earthquakes since typical business insurance won’t protect you. 

Cyber liability

While the increased use of the internet is a life-saver for businesses, the downside to it is the increased upsurge in cybercrimes. As a result, you need cyber insurance to protect your business, especially if you are an online-based business. While cyber liability insurance doesn’t prevent cyberattacks, it helps reduce the financial burden of cyber-related crimes.

Buy commercial insurance today!

If you are a business owner in Amarillo, TX, contact Nest Insurance Agency to purchase an affordable commercial insurance policy today. Business insurance is the best line of defense for your business to thrive in an uncertain environment.

Classic cars are stylish and timeless rides that are sure to be subjects of envy. However, it is important to insure your classic car so that you can enjoy it for years to come. At Nest Insurance Agency, serving Amarillo, TX area, we want you to keep rolling’ along with a classic car insurance policy that is right for you.

To be considered ‘classic’, your vehicle must be between 19 and 24 years old and be of limited production or feature exceptional workmanship. If your vehicle is 25 years or older, it is considered an antique.

What separates classic cars from regular cars?

The state of Texas requires car insurance on all vehicles, no matter the category, so it is important that you insure your ride. Classic or antique cars hold or increase in value over time, whereas regular cars actually depreciate in value. Not to mention, classic cars often have original manufacturer parts and features that make them so unique in style.

It is due to these differences that classic and antique cars cannot (and should not) have the same car insurance as regular cars. There can be a lot of confusion to add on what seems like an additional auto insurance policy, but with Nest Insurance Agency it is an easy cruise down the main avenue. We want you to be focused on the road ahead, not on what could happen in the event of an accident or damage.

If you have any questions regarding your current policy, or you are looking to add a classic car insurance policy, contact us at Nest Insurance Agency, serving the Amarillo, TX area. Our agents are here to help answer any questions and guide you to finding the right coverage for your classic car.

Why is life insurance an option for young people?

A few years ago, many people assumed life insurance is for the older generation and not worth buying when you are young, but that’s an old tale. Today, anyone with a reliable income can buy life insurance. However, it’s imperative to look at your options and priorities and make a wise decision. So, why is life insurance a good financial consideration when young? 

The younger you are, the cheaper it becomes

One of the main factors that affect your life insurance premiums is age. Insurance companies in Amarillo, TX will look at your age to determine the likelihood of filing a claim at some point in the future. The more years your policy stays in force, the more money your insurance company will earn. In simple terms, your insurer wants you to live long, so they will never have to pay a claim. So, it’s a win-win situation for both parties.

Young and healthy, very promising

Insurance premiums rise with age and health. The older you are, the more likely you are to get sick. If you don’t want a medical exam performed to check your health, your insurer will raise your premiums. That’s why we recommend speaking to a life insurance expert at Nest Insurance Agency to guide you through the process and ensure your premiums are as low as possible. Additionally, your lifestyle also determines your health risk. For instance, if you smoke or take alcohol and other substances, the company may hike your life insurance premiums. 

Waiting is costly

While it may seem awkward and ridiculous to buy life insurance at a young age in Amarillo, TX, there is a substantial benefit to it. You will enjoy low premiums for the entire policy duration, and you can raise your coverage limits when you have dependents. You should not ignore the fact that old age comes with many responsibilities, and you are at risk of developing health conditions.

Don’t wait to buy, buy and wait. Our insurance agents at Nest Insurance Agency can help you find a policy that fits your budget and style. Contact us today!

Many people, including Texas residents, believe that umbrella insurance is for the wealthy. But that’s not entirely true. According to Nest Insurance Agency located in Amarillo, TX, umbrella insurance is appropriate for anyone as long as they earn a livelihood. Still not convinced? Please keep scrolling to establish why you need umbrella insurance.

Why you need umbrella insurance

Umbrella insurance can save the day when a significant incident occurs. Let’s take this example. Assuming you are involved in a severe vehicular accident, causing significant injuries to the other driver. Their medical costs rise to the tune of, let’s say, $300,000, but your liability coverage is up to $250,000. What happens to the extra $50,000? You may have to folk out from your pockets if you don’t have umbrella insurance.

Other instances you may find yourself requiring umbrella insurance include when:

• Your dog bites someone
• Involved in a major boat accident
• You drive your car into a building
• You accidentally injure someone
• Sued for libel and other lawsuits not covered by your auto or home insurance

While having liability coverage is essential, the coverage only stretches as far as the policy limit. When these limits run out, that’s where umbrella coverage kicks in.

What isn’t covered with umbrella insurance?

Typically, your umbrella insurance comes into play when your typical liability coverages dry out. As such, umbrella insurance won’t cover liabilities that your typical coverages should cover. Other incidences that umbrella insurance won’t help include:

• Business losses
• Own damage to personal items
• Intentional criminal acts
• Oral / non-written contracts

With many insurance types to keep tabs on, you need an agency that relieves you the insurance headache as you concentrate on other facets of life. At Nest Insurance Agency, located in Amarillo, TX, we handle all your insurance needs as you go about with life. And if you need umbrella insurance in Texas, we are here to help. Contact us today.

The Amarillo, TX area is a great place for anyone to own a business. Those that are business owners in this area of Texas are going to find that there are plenty of great opportunities for success. When you would like to start a company here, you also need proper insurance for it. There are several scenarios when someone in this area should get commercial coverage for their business.

Those Trying to Raise Capital

One situation that would warrant getting commercial coverage is when you want to raise capital. Businesses today can always benefit by getting a loan or raising outside equity. While this can help your company grow, it does come with some requirements as well. Any lender or investor will want to ensure that you are properly covered by insurance. With an insurance plan in place today, you can be assured that you will have appropriate coverage.

Those Looking to Protect Company

You should also get commercial coverage when you want to protect your company. A small business has a variety of risks that could affect the future viability of the organization. When you get commercial insurance coverage, it will give the protection that you need to mitigate some of these risks. Ultimately, this can help to keep your organization solvent. 

It continues to be very important for people that are in Amarillo, TX to get insurance for their businesses. When you are shopping for a new commercial coverage policy, you should reach out to the team at Nest Insurance Agency. The insurance professionals with Nest Insurance Agency understand how valuable and important this coverage is. Based on their assessment of your company, they can then help you build a policy that will give your organization adequate coverage and protection.