Month: January 2025

How Fort Worth Boaters Protect Their Floating Investments from Natural Disasters and Storms

Posted on by admin

Is your boat adequately protected from severe weather damage, storms, and natural disasters?

Experienced Fort Worth boat owners understand how quickly local weather can change from sunny skies to threatening thunderstorms. These unpredictable weather patterns can disrupt your weekend outings on Eagle Mountain Lake or Lake Worth.

Learn how local boaters safeguard their investments from the devastating effects of natural disasters with insights from the boat and watercraft insurance experts at SWH Insurance Agency LLC in Fort Worth.

Protect Your Vessel from Natural Disasters in Fort Worth

The first step towards protecting your sailboat, kayak, canoe, cabin cruiser, or personal watercraft from severe storms and natural disasters is understanding the potential risks local boaters face. Hailstorms, tornadoes, flash floods, high winds, and extreme temperatures can all impact your boating experience.

Comprehensive boat or watercraft insurance can serve as a safety net, saving boat owners significant out-of-pocket expenses when vessels and related accessories sustain damage from high winds, hail, and extreme temperatures, leading to damage or total loss of your vessel.

A well-structured boat or watercraft policy can protect you, your passengers, and your vessels from a wide variety of perils and storm-related damage.

Consult with a trusted insurance agent to ensure your existing boat insurance policy adequately covers storm-related damages, including theft, vandalism, emergency evacuations, and liability insurance.

Don’t wait until it’s too late to protect your boat or watercraft from storm-related damage, theft, or drifting during severe weather. Learn more about optional add-on coverages, including hull damage and damage to vessels docked in marinas.

Contact a knowledgeable professional at SWH Insurance Agency LLC and review your policy today!

Navigating 2025’s Commercial Insurance Landscape

Posted on by Damien Spillers

As 2025 is well underway, staying informed about commercial insurance trends is vital for business owners aiming to protect their assets and plan effectively. Market stability coexists with challenges like rising claims costs and economic pressures, making strategic decisions more important than ever. However, with the right knowledge, you can make confident insurance choices this year. In this post, we’ll provide an overview of what you can expect across four major commercial lines of coverage in 2025.

Commercial Property Insurance: The impact of Hurricanes Helene and Milton on reinsurance pricing remains a pressing concern. While premiums are expected to remain stable, the sharp price hikes seen in 2023 are unlikely to recur. Accurate property valuations are critical, yet only 43% of business owners have taken this important step. To mitigate risks associated with underinsurance, businesses should regularly assess their assets’ valuations, potentially by working with professional appraisers or using valuation software tools.

General Liability Insurance: Modest rate increases are expected as insurers adopt cautious underwriting practices due to rising claims costs. Reviewing liability limits is essential to ensure adequate protection against emerging risks. Businesses can evaluate their coverage needs by working with brokers to identify potential coverage gaps and by regularly updating liability limits to suit their specific industry risks.

Commercial Auto Insurance: Ongoing profitability challenges for insurers in the commercial auto sector are driving many businesses toward the excess & surplus (E&S) market. To navigate policy renewals, explore cost-effective options that maintain fleet coverage without sacrificing quality. Businesses can benefit from bundling policies, increasing deductibles, and utilizing telematics to track vehicle usage and safety.

Workers’ Compensation Insurance: Over the past two decades, businesses have benefited from stable or decreasing rates in workers’ compensation insurance. Reviewing policies if there have been workforce changes, such as hiring, layoffs, or shifting roles, ensures that your business takes full advantage of potential cost savings. Additionally, implementing effective return-to-work programs can further reduce costs.

The commercial insurance outlook for 2025 presents both opportunities and challenges. Prioritize policy reviews and proactive planning to stay ahead of the trends, ensuring your business remains resilient in an ever-evolving landscape.

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