Three things you should know about bar insurance

As with running any other type of business, running a bar involves certain risks. Bar owners need to invest in bar insurance coverage to protect themselves against these risks. Outdoor Insurance Services provides bar insurance policies in The Woodlands, TX.

The following are three things you should know about bar insurance if you own a bar. 

Bar insurance is specifically designed to provide commercial coverage for bar owners.

Running a bar is a unique business endeavor. The risks you face might differ significantly from those of a restaurant owner or a business owner in another industry. Bar insurance meets the needs of bar owners specifically. That’s why bar owners need to invest in this type of coverage. 

Bar insurance can provide coverage for many potential expenses.

A bar insurance policy can offer numerous types of commercial coverage. These include general liability coverage, liquor liability coverage, assault, and battery liability coverage, and product liability coverage.

At the same time, bar insurance coverage can also include more typical types of commercial coverage like worker’s compensation insurance coverage, commercial property coverage, and commercial auto insurance coverage. 

There are numerous factors that impact bar insurance premiums.

The amount of bar insurance costs vary widely depending on the individual bar. There are many different factors that influence costs.

Some of the factors that can influence bar insurance costs include the type of bar, the city, or geographic location in which the bar is located, and the history of the particular business.

Certain factors like whether or not you host live entertainment like band performances can also influence your bar insurance premium costs. 

Learn more about bar insurance in The Woodlands, TX by getting in touch with us at Outdoor Insurance Services. 

what every new restaurant owner should know about restaurant insurance

Owning a restaurant in the Woodlands, TX comes with many challenges. From hiring the right employees to satisfying your customers, a restaurant business requires a lot of patience and dedication. At Outdoor Insurance Services, we understand that it is not easy to deal with people; that is why we recommend buying adequate restaurant insurance. If you are planning to start a restaurant, here are a few tips to help you out.

Know the coverages you need and the risks involved

You will not be able to protect or run your restaurant smoothly if you do not know what you’re up against. Running a restaurant means dealing with many people in one place. A lot can happen to your customers, such as food poisoning, slips, falls, injuries, and theft. You need to be adequately prepared to handle such situations in case they happen. For this reason, you may need to buy enough liability coverage, workers’ compensation, commercial property insurance, and crime insurance.

Identify the factors that affect the cost of coverage

When it comes to insuring a hospitality business in The Woodlands TX, insurance providers have to consider several factors before making a price decision. That is why you will be asked dozens of questions, which you must answer truthfully. Insurance companies also conduct research based on your answers before making a final decision. Some of the factors include:

  • Where the restaurant is located
  • Hours of operation
  • The size of the restaurant
  • Type of property
  • Levels of coverage 
  • Los history
  • Activities taking place 
  • Years in business
  • Number of employees 

Read and understand the terms and conditions

The terms and conditions of an insurance policy are the most critical. Read and re-read until everything is clear. Determine the inclusions and exclusions of the coverage while also checking how claims can be handled.

Some factors can make or break your restaurant venture. Having a form of coverage is one of the best ways to protect your business. Let Outdoor Insurance Services help you through the process. Feel free to speak to us today.

How Are Flood Zones Determined?

In short, a flood zone classifies how likely the Federal Emergency Management Agency (FEMA) believes that an area will flood. Generally speaking, if you are purchasing a home in a flood zone your mortgage lender is likely to require you to purchase additional flood insurance beyond what, if any, coverage your homeowner’s insurance offers with our team. 

FEMA uses 15 categories to determine whether or not a property is in a flood zone. Any property in an A or V Zone is considered to be in a Special Flood Hazard Area which means that it is at the greatest risk of flooding. Generally, these are beachfront properties or those where floods have caused significant damage in the past. Any property within the V Zone is required to have flood insurance. Properties within Zones C to X represent those with minimal risk or flooding and it is dependent on the lender whether or not flood insurance is required. Areas that have not been evaluated by FEMA but where flooding is deemed possible fall within Zone D. 

Damage caused by flooding is generally not covered by insurance because it is considered to be a gradual incident and not one that is sudden or accidental. If water has hit the ground first before entering your home then it will likely be considered flood damage and not covered by insurance. Purchasing flood insurance, even if not required by the lender, offers substantial peace of mind and financial security from damage caused by water and waves.

At Outdoor Insurance Services in The Woodlands, TX, our friendly and competent team can help assist if your home is in a flood zone or if you want information on the benefits of flood insurance. Give us a call today for a no-obligation consultation. 

RV Parks Insurance Defined

Outdoor Insurance Services, servicing The Woodlands, TX, wants to tell you about a type of insurance you probably hear little about – camping facilities insurance, also called RV park insurance. As the owner or operator/manager of an RV campground or park, you need the right insurance coverage to protect your investment. This varies by state, so if you previously owned or operated a site in another state, know that the Texas requirements differ.

While you can obtain general liability insurance in many places, you reduce your risk by purchasing a policy from an agency like Outdoor Insurance Services that specializes in RV park insurance. This also reduces your costs.

These policies protect everything a camping or RV park offers, including the guest amenities of these vacation destinations such as boats, canoes, miniature golf courses, horseshoe pit games, playgrounds, swimming pools, and fishing docks. The property insurance component also protects the shower houses, restroom facilities, laundry facilities as well as retail outlets such as a general store, bar, restaurant, gift shop, LP gas sales, and service station. Property coverage extends to the structure and contents.

RV park insurance also includes general liability insurance that protects the park from the many types of accidents that can occur from fender benders to drownings at pool or lake. These accidents require in-or out-of-court settlements to pay the medical bills of the injured party or to cover the deceased person’s funeral. This policy works in tandem with an auto policy.

Parks allowing or selling liquor need liquor insurance. Every RV park should have endorsements for “trailers in the care, custody, and control of the park owner,” as well as umbrella insurance to extend coverage limits. Ask us about an endorsement for trailer spotting, equine activity, watercraft, and coverage for special events.

Outdoor Insurance Services servicing The Woodlands, TX wants your business to run safely and securely. Call us today to get started with a specialized insurance package to protect your RV park.

Home Insurance Made Easier with Assistance from an Independent Agency

Homeowner’s insurance is something that must not be taken lightly. You will want to talk to an expert such as someone from Outdoor Insurance Services of The Woodlands, TX so that you have help navigating the complicated matters.

Have Your Insurance In Hand Early On

Yes, it’s ideal that you have your home insurance before you close on your new house. If this just isn’t possible or you already have one and are looking to change companies, consider a small local agency. They’ll provide you with one-on-one personalized services to help you find the insurance policy and terms that you need.

Be Proactive with Your Home Insurance

You don’t want to give up your decision on which company to go with for your insurance. Your lender may pressure you to choose quickly and even tell you which agency if you don’t already have one. The problem with this is that they might not be suited to your particular situation, and you won’t have the benefit of knowing for sure that they have your best interests in mind.

Knowledge of the Community

It’s great if you get insurance through an agency that already has strong ties to the community. If they’ve been in business for a while, know your neighborhood or city well and can anticipate changes, this is a definite plus. You should work with an agent who can explain coverage gaps and if certain riders would help your situation.

Reach Out to Your Local Independent Agency

Contact an agent at Outdoor Insurance Services for an agency that will work with you to customize a home insurance policy. Use the online form or give the office a call to get a quote.

Deductibles vs. Premiums: Finding the Right Balance

With just about any insurance policy you could buy in The Woodlands, TX, you’re going to find that the higher you push your deductible, the lower your premium is going to be, and vice versa.

Primarily it comes down to whether you want to pay more month-to-month or if you want to spend more when you have to file a claim. The obvious choice may be to raise your deductibles as you go. After all, the premiums are what you’re going to be paying no matter what. The deductible is what you might pay, someday. But it’s not always so cut and dry.

Generally, the rule of thumb to go by is this: Asking for a higher deductible isn’t a bad idea, but keep it down to a number that you can pay at a moment’s notice should something happen. You don’t want to be left with repairs to be made and no money to pay your deductible, which can mean no way to get to work and make money to pay your deductible.

One option is to put aside some deductible money. If you can guarantee that you always have it on hand, then it doesn’t matter how high your deductible is. But this isn’t ideal. Remember, the idea of lowering your premium is to save money. If you wind up with a deductible that’s twice what you’re saving, then you’re not saving anything. So our advice: Follow the rule of thumb. Keep your premiums low, but keep your deductible low enough to pay it right away should you need to.

If you’re still shopping for insurance, get in touch with Outdoor Insurance Services. Outdoor Insurance Services can help The Woodlands, TX drivers get the coverage they need.

What are the benefits of hunting insurance?

Hunting is a popular activity for people in and around The Woodlands, TX. When you are an avid hunter, there are a lot of things that you need to do to ensure you are safe and in compliance with all regulations. One thing that a hunter needs to do is get the right insurance in place. Several benefits come with hunting insurance. 

Provides Liability Protection

One of the main reasons why you need to have hunting insurance is because it can provide you with liability protection. Even if you are as safe as possible, there is always a chance that an accident could occur when you are hunting. Depending on the situation, the damages with a hunting accident can be significant. When you have a hunting insurance policy, you will receive the coverage you need to protect against this liability risk. 

Covers Personal Assets

Additionally, a hunting insurance policy can give you good coverage to protect your personal assets. A hunter needs to invest a lot of money on equipment, clothing, and other personal items when they go out hunting. If you have a hunting insurance policy, you can receive the coverage that you need to protect these assets properly. This will ensure you are reimbursed if your assets are damaged or stolen. 

If you are in or around The Woodlands, TX, and think that you would benefit from hunting insurance, you should call us at Outdoor Insurance Services. Picking the right hunting insurance policy can be challenging. Due to the importance of this insurance coverage and the confusion that can come with choosing the policy, hiring Outdoor Insurance Services makes perfect sense. Our team will be able to evaluate your needs and help you find an excellent policy that provides the best coverage possible. 

Why Young Adults Should Think About Getting Life Insurance

As a young adult, building a solid foundation with your finances is a smart move that can have significant benefits later on. From emergency funds to successful retirement savings, having the right tools will help. Working with a reliable insurance company that has your interests in mind can be an excellent place to start. Outdoor Insurance Services in The Woodlands, TX can help you find the right policy for your life insurance needs.

Some Benefits of Planning Ahead

If you are in your 20s, one noticeable benefit is that your premiums costs will be lower. Many people find that as they age and wait to get life insurance, they pay more. If you plan, you can get a much better rate than waiting until you may have existing health conditions or factors that can increase your costs. And you can accrue more savings over time.

Types of Life Insurance

There are two typical types of insurance for younger adults. A permanent or whole life type insurance is one where benefits can be borrowed against. This type of insurance lasts as long as the premiums are paid. Term life insurance is one that covers you for a determined amount of time. The term life can also help spouses or other beneficiaries if there is death before the policy runs out. It is best to discuss options with a trusted provider.

If you are a young adult and are interested in learning more about life insurance, Outdoor Insurance Services in The Woodlands, TX area is here to help. We have several years in the insurance business and can help you get the best plan to suit your needs.

What Does Distilleries Insurance Cover

As a distillery owner, you realize that there are lots of things that can happen that would hurt your business. A distillery is a very specific type of business, and having insurance that is explicitly designed for a distillery is important. At Outdoor Insurance Services in The Woodlands, TX, the staff is knowledgeable in all types of business insurance, and we can help you to find the coverage you need to keep your business up and running.

Distilleries insurance is a specific type of commercial insurance. Thus it is not one size fits all any more than regular commercial insurance would be. If you have a lender or landlord, they may require that you carry property and liability insurance. But if you don’t, no state or federal regulations are requesting that you have anything except perhaps workers compensation insurance if you have employees. 

Property insurance will protect the place where you are operating but also your product. With a distillery, the product that you are producing has to be matured. It has a value that needs to be understood by an expert.

A barrel leak could cause a loss that might devastate your business. You need coverage for the production equipment and office equipment as well. If you have a tasting room, you need to consider liquor liability as part of your coverage in addition to the regular liability. If you have vehicles, you will need commercial vehicle insurance. 

Often having a distillery is a dream come true. Distillery insurance can help maintain that dream. Whether you are looking for your first distillery insurance policy or are ready to change agencies, at Outdoor Insurance Services in The Woodlands, TX, we are prepared to give you the assistance you need to be sure that you have the coverage you need. Stop by our office or give us a call for a no-obligation quote.

Why You Should Have Specialized Insurance For Your Winery

Outdoor Insurance Services is your insurance agency in Texas for all of your business and personal insurance needs. If you live in or around Cypress or The Woodlands, TX, call us to discuss your specific business needs. 

Vineyards Are On The Rise Across The Nation, and Specialized Insurance is More Important Than Ever. 

If you own a vineyard then you know all the hard work that is required to produce quality fruit for your winery. No one wants to lose any income at any time of the year. However, for many vineyard growers, the risks are always there threatening their way of life.  

Running a winery requires skill in many areas, and it requires so many things to come together perfectly time and time again, this is why specialized winery insurance is vital for the business owner in Texas who wants to make sure that they can keep on growing and producing product no matter what life throws at the farm. If you have a season that is too rainy it can affect the production and taste of the batch as much as a too dry season. Bugs, birds, and even people can cause damage to the crop, and there are about a dozen other factors from mechanical failure to worker strikes that can cause the fruit to stay on the vine instead of coming in for production. Even when it all works out perfectly and you have great wine to offer, tastings and clients offer their own liability factors. No worries, just contact us about an insurance policy that is written just for the many factors that are individual to wineries. 

Contact us at Outdoor Insurance Services for more information about specialized insurance for your winery, brewery, farm, or other businesses. We serve Cypress and the Woodlands, TX areas with comprehensive insurance services for your farm and life. Call today.