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. 

There are many types of insurance available to protect different things in your life, but life insurance may be one of the most important for families to have. If you need life insurance, call us at Nest Insurance Agency in Amarillo, TX to talk to an agent about your life insurance needs. 

Insurance for Life

A whole life policy is called this because it lasts for your whole life. Once you are insured, this policy will stay in place for the rest of your life as long as you keep on paying the premiums. It’s usually a little more expensive than a term life policy. This is because it covers you no matter what your age. It’s a great way for the elderly to keep life insurance instead of being turned away for their age. If you can get a whole life policy when you are relatively young, you are more likely to qualify for this life insurance and to pay a reasonable amount for the coverage. Those monthly premiums never change as you get older. 

Cash Value

What really excites many people about whole life policies is that these policies earn a cash value amount. As long as the premiums are paid, it will slowly build a cash value, and you can then borrow against that if you have a financial emergency. Once an amount has been borrowed, it must be paid back. If the insured person dies without it all being paid back, the outstanding amount is deducted from the death benefit. 

Life Insurance

If you need a life insurance policy and are interested in whole life coverage, call us at Nest Insurance Agency in Amarillo, TX to make your appointment with an agent. 

Business owners in Amarillo, TX who need commercial insurance may find it difficult to determine on their own how much insurance they should carry. A skilled professional at Nest Insurance Agency can help you determine how much commercial insurance you need to carry in order to protect your business, and yourself. There are numerous factors that you’ll need to take into account when speaking with an insurance professional, including the following: 

Business Assets
First, you’ll need a comprehensive list of your business’s property and physical assets. This should include anything that could be damaged in the event of a natural disaster, items that could be stolen or vandalized, and property that could be ruined. Add the value of these items to your list, as well as any documentation that you have that demonstrates this value. 

Risk Assessment
Your agent will also help you work through a risk assessment so that you can determine any potential problems that could occur. Do you live in an area that is troubled by wildfires or hurricanes? Are you near an area that frequently floods? Is your business located in a high crime area or an area that is experiencing civil disobedience? These factors all may impact how much commercial insurance you should carry in order to protect your investments. 

A skilled insurance agent will meet with you and gather the information that’s necessary to determine how much commercial insurance you’ll need to carry. Nest Insurance Agency is happy to schedule these consultations for our clients and potential clients in the Amarillo, TX area. Our goal is to help you protect your business so that you’re prepared for anything that comes your way. Contact one of our talented professionals today to schedule an initial meeting to begin this process, so that you can feel more at ease about the future of your business. 

Umbrella insurance provides you with additional liability coverage that applies to your home, your recreational toys, your swimming pool, etc. You increase the protection afforded to you by insurance. You might not realize how the importance of this coverage increases as you age.

Without umbrella insurance, the only thing affording your coverage is your homeowner’s insurance which gets you about $100,000 of liability coverage. So, if an accident occurs at your home, such as a fire, and a guest or guests in your home gets injured, you pay out of pocket. Think how quickly $100,000 goes when it pays for medical bills, funeral costs, and the victim’s family suing you.

If that happens when you are 30, you have 35 years to continue earning to make up for the money you have to pay out of pocket. That money is not going into your individual retirement account (IRA). On the other hand, if you are 65 when it happens, you just retired or were getting ready to do so, but now you have this massive court settlement to pay off. That means liquidating stocks or cleaning out part of your IRAs.

However, if you have umbrella insurance from Nest Insurance Agency serving Amarillo, TX, regardless of the age you are when the accident happens, you have coverage. Your umbrella policy pays for the settlement, the medical bills, everything once your liability from your home insurance policy is exhausted.

As you age, protecting your retirement savings increases in importance. You need to be able to withstand any liability while protecting your financial future. Let Nest Insurance Agency of Amarillo, TX help you protect your retirement nest egg with umbrella insurance.