Construction Insurance in Flower Mound, TX

The construction industry faces a wide range of risks, from on-site injuries to equipment theft and project delays. Whether you’re a general contractor, homebuilder or specialty trade professional, construction insurance helps protect your business from financial losses tied to your operations.

What Are Some Types of Construction Insurance?

The following insurance policies may be essential for construction businesses, depending on the services you offer and your exposure to risk:

General liability insurance may cover third-party claims of bodily injury, property damage and reputational harm. This is often required for contracts and licensing.

Workers’ compensation insurance may provide benefits to employees who experience job-related injuries or illnesses. Texas doesn’t mandate it, but many contractors carry it to avoid lawsuits.

Builders risk insurance may financially protect materials, tools and projects during construction.

Commercial auto insurance may cover vehicles used for transporting tools, workers and materials. This coverage is typically required for businesses vehicles in Texas.

Inland marine insurance may cover tools and equipment in transit or stored at a temporary job site.

What Does Construction Insurance Cover?

Coverage may vary by policy type and limits, but most construction insurance options protect against common risks, such as the following:

Property damage—Insurance may cover damage to a client or third party’s property caused by your business activities. Insurance can cover your own property as well.

Bodily injury—Insurance can provide financial protection if someone is injured on your job site.

Theft or vandalism—Insurance may offer reimbursement if tools, equipment, or materials are stolen or vandalized.

Legal costs—Insurance may include defense costs and settlements for covered claims or lawsuits.

Optional coverages may include pollution liability, cyber liability and professional liability, depending on the scope of your work.

Why Is Construction Insurance Important?

Accidents can happen even on well-managed jobsites. Construction insurance can serve as a financial buffer when unexpected events occur. Without it, your business could face steep out-of-pocket costs, lost work opportunities or even legal disputes. Having the right coverage can help you meet project requirements, gain trust and reduce your business’s financial exposure. Contact us today to learn more.

Workers’ Compensation Insurance

Workers Comp Quote

Accidents happen in the workplace, no matter what precautions you have in place. Workers’ compensation insurance is designed to help cover the costs associated with a work-related injury or illness. We’re here to help you sort through business insurance, including workers’ compensation insurance benefits. Contact us today to get started.

What Is Workers’ Compensation Insurance?

Workers’ compensation insurance is a type of business insurance policy that provides benefits to employees if they suffer work-related illnesses or injuries. Workers’ compensation benefits typically include coverage for paying for medical care and lost wages from time missed from work.

Employers also benefit from workers’ compensation insurance, as it can help protect your business from lawsuits and keep it compliant with state regulations.

What Are Workers’ Compensation Benefits?

Workers’ compensation may provide various benefits to employees who experience an injury or illness, including:

Medical benefits—Employees may receive compensation to cover doctor appointments, hospital visits and medications.
Wage-loss benefits—If an employee cannot return to work at total capacity, wage-loss benefits may help them supplement their lost income. This benefit may last until the employee has recovered or until the wage-loss benefit limit has been reached.
Vocational rehabilitation benefits—Employees may receive access to vocational rehab services to help them learn new skills and reenter the workforce after an injury.
Death/dependent benefits—If an employee loses their life because of a work-related injury or illness, workers’ compensation may help cover funeral costs and lost income. These benefits are typically provided to the spouse or dependents of the deceased.

Worker’s compensation laws vary by state, which may impact the limits and duration of benefits and the type of employers required to have it. Reach out to an agent to discuss specific requirements for your business.

How to Get Workers’ Compensation

We’re ready to help you secure workers’ compensation coverage for your business. Contact Consolidated Insurance Markets today for more information or a quote.

Recreational Vehicle Insurance in Flower Mound, TX

Unexpected events can happen anytime, whether it’s an accident, theft or a natural disaster. That’s why obtaining RV insurance is essential. At Consolidated Insurance Markets, we can ensure your RV and financial interests are fully protected.

What Is Recreational Vehicle (RV) Insurance?

RV insurance is a specialized policy designed to cover motorhomes, travel trailers, camper vans and other types of recreational vehicles. Unlike standard auto insurance, RV insurance may offer broader coverage tailored to the unique needs of RV owners.

What Does RV Insurance Typically Cover?

RV insurance typically includes several key coverages:

Liability coverage may help protect you if you’re at fault in an accident that causes injury or property damage.

Collision coverage may help pay for damage to your RV resulting from a collision with another vehicle or object.

Comprehensive coverage may help cover non-collision-related damages such as theft, vandalism or natural disasters.

Personal belongings coverage may help protect the personal items inside your RV.

Medical payments coverage may help cover medical expenses for you and your passengers in the event of an accident.

Uninsured/underinsured motorist coverage may help protect you if you’re involved in an accident with an at-fault driver who lacks adequate insurance.

Do I Need RV Insurance If My RV Is Only Used Seasonally?

Insurance is essential, even if you use your RV seasonally. Risks such as theft, fire or storm damage can occur when your RV is parked. Additionally, liability coverage is crucial whenever your RV is on the road, regardless of how often you use it.

Why Choose Consolidated Insurance Markets?

For residents of Flower Mound, Texas, Consolidated Insurance Markets is your best option for RV insurance. We can offer appropriate policies and competitive pricing. Contact us today or request a free quote.

Trucking Insurance

Serving Texas Businesses Since 1999

Certain businesses require specialized insurance. If you own a truck or trucking company, auto insurance can be confusing. Luckily, there is insurance specifically for you. Texas is one of the top states for trucking, and it’s important that each trucker and company has the right amount of ]insurance to protect against unique risks that trucks present. Since 1999, Consolidated Insurance Markets has served Texas clients with great auto insurance coverage. We understand Texas trucking needs and offer competitive rates and fantastic customer service.

Trucking Insurance Frequently Asked Questions

– What does trucking insurance cover?

Some coverages that trucking insurance offers include:

Physical Damage: This insurance covers your truck and trailer from physical damage.
Liability: There are many liability options for trucking. Trucks can cause a lot of damage during an accident, so it’s important to have a comprehensive amount of liability insurance. Truckers must carry primary auto liability, which covers third party injuries.
Non-Trucking Liability: This insurance provides compensation for accidents that occur while the driver and truck are not dispatched.
Non-Owned Trailer: If you borrow or rent a trailer, this coverage provides compensation if that trailer is lost or damaged.
Warehouse Legal: If the business owns warehouses, this insurance is important in compensating for lost or damaged goods within the warehouse after fire, theft or similar incidents.

Speak with an agent at Consolidated Insurance Markets about more coverage options for your truck.

– How much does insurance cost for a trucking company?

Insuring trucks can be an expensive business. Trucking insurance for owner-operators can be anywhere from $3,000 to $5,000 a year per truck. This also depends on the insurance limits, number of trucks, weight of the trucks and type of cargo.

– How much is insurance for an 18-wheeler?

An 18-wheeler is a heavy truck that presents high risk on the road. Owner operators may pay somewhere between $8,000-$12,000 in trucking insurance a year for an 18-wheeler.

– How much is cargo insurance for truckers?

Cargo insurance averages around $400-$1,800 a year. This depends on the policy limit and the nature of the cargo. Volatile cargo will cost more to insure.

– How much insurance does a trucking company need?

Trucking companies are required to have a certain amount of insurance coverage. In Texas, there are requirements for specific vehicles and cargo.

$300,000 in liability coverage for trucks carrying household goods
$500,000 in liability insurance for trucks carrying freight within Texas
$750,000 in liability insurance for trucks over 10,001 lbs.
$5,000,000 in liability insurance for trucks over 10,001 lbs. carrying hazardous materials
$1,500,000 in liability insurance for vehicles carrying 15 or less people
$5,000,000 in liability insurance for trucks carrying 16 or more people

Check with the Federal Motor Carrier Safety Administration (FMCSA) for additional requirements.

– What is long haul trucking insurance?

Long haul trucking insurance is insurance specifically for trucks that travel long distances.

– How does trucking insurance work?

Trucking insurance works essentially the same way as car insurance does. The insured (typically the businessowner) purchases trucking insurance for the fleet owned by the company and pays premiums for the insurance. Individual truckers may also choose to have their own trucking insurance policy.

Renters Insurance

Renters Quote

Renters insurance can provide you with needed financial protection against adverse circumstances, whether it’s covering your personal belongings in case of damage or ensuring you’re protected if someone is injured in your residence. If you need renters insurance, we’re here to help. Contact us today to learn more about your renters insurance options or to get a quote.

What Is Renters Insurance?

Renters insurance provides protection against property loss and liability if you cause injury or property damage. To learn more about what that means, we’ve covered some basics about each.

Property protection—Renters insurance covers your possessions against damage for things such as fire, smoke, lightning, vandalism, theft and water damage—but not flooding—to name a few. It also extends beyond on-premise theft and hazards, covering property that is stolen from your car or lost or damaged anywhere you happen to be. Talk to your agent today to learn more additional property protection options, such as flood and earthquake insurance and scheduled items riders.
Liability protection— The liability portion of a renters insurance policy helps protect against claims of third-party bodily injury or property damage caused by you or another person listed as insured on your policy. It may also help pay for medical bills if someone has an injury in your rental. Liability also provides coverage for legal defense costs and judgments in a lawsuit, whether the incident occurred within your rented residence, or elsewhere.

Some renters insurance policies pay a tenant’s temporary living costs if they need to live elsewhere because of a fire, severe storm or other covered disaster. This coverage may include hotel bills, temporary rentals, restaurant meals and other living expenses. Talk with your insurer about whether your renters insurance has this inclusion.

How to Get Renters Insurance

Whether you call a rented house, condo or apartment your home, you can benefit from renters insurance. Call us today to learn more about renters insurance or to get a no-obligation quote.

Homeowners Insurance

Your home in Flower Mound, Texas, may be at risk for accidents, theft and other financial liabilities. Here at Consolidated Insurance Agency, we understand that finding the right home insurance can be challenging, and we are here to help you secure the coverage you need.

What Is Home Insurance?

Home insurance is a contractual policy that offers financial protection by covering damages and losses to an individual’s home and property within. This type of insurance safeguards homeowners against unexpected expenses, making a significant positive difference in maintaining financial stability.

What Does Home Insurance Cover?

Home insurance offers financial protection against a range of potential risks. It typically covers:

Personal liability coverage may help pay for third-party injuries or property damage caused by you or other listed parties on your policy. It may also help cover guest injuries that occur on your property.

Personal property coverage may help cover the cost of repairing or replacing belongings like furniture and electronics from damage or theft.

Additional living expenses coverage may help cover temporary living costs if your home is uninhabitable due to a covered peril.

Dwelling coverage may help pay for repairs or rebuilding of your home’s structure following a covered loss.

Secure Your Home Today

By investing in home insurance, you can relax knowing that you are protected against significant financial loss. Contact Consolidated Insurance Agency today to learn more about our home insurance policies and get a personalized quote.

Flood Insurance

Flood Quote

Flood Insurance Information

Serving Texas Residents Since 1999

Flood Insurance for Residents Throughout Texas

In recent years, flooding has grown to be a serious issue across the United States. Texas has suffered a massive amount of floods due to storms and rainfall, causing thousands of dollars in damage each year. Paying for that damage out of pocket is difficult and often impossible, which is why flood insurance is crucial for property owned and homeowners alike.

Consolidated Insurance Markets represents Nationwide Insurance with excellent customer service, attention to detail and competitive pricing. We work to create genuine connections with each and every client through honesty and hard work. Our insurance professionals will help you protect your assets with a policy tailored specifically for your insurance needs.

What Does Flood Insurance Cover?

Some property owners and homeowners may be surprised to discover that natural flooding isn’t covered under a basic property or home insurance policy. To cover damages to your home and personal belongings, you will need an additional flood insurance policy.

Flood insurance can be purchased individually but is more often an addition to a property insurance policy.

Keep in mind that flood insurance is not the same as Sewer and Water Damage. Water damage caused by your sewage system may not be covered under flood insurance unless caused directly by a natural flood. Be sure to speak with an insurance agent about how much flood insurance your home needs.

How Does Flood Insurance Work?

Flood insurance is a policy that you can add to cover your home or rented property. When it comes time to file a claim, call your insurance agent. Once it is approved, you must pay your deductible as agreed upon by your policy before receiving compensation for items lost. Once a claim is filed, an underwriter from the agency will investigate the claim and provide compensation once the claim is approved.

Common Flood Insurance Questions

How Much Flood Insurance Do I Need?

Your flood insurance needs may vary depending on the value of the home and items you wish to insure. Speak with an insurance agent from Consolidated Insurance Markets to discuss protecting your assets with the right flood insurance policy.

How Much Flood Insurance Coverage is Required?

Flood insurance isn’t generally required by state or federal law. If you live in an area with a high rate of floods, however, you will be heavily recommended to carry flood insurance.

Errors and Omissions Insurance

Errors and omissions insurance, which is also called E&O insurance and professional liability insurance, can help protect businesses from third-party claims or lawsuits because of alleged mistakes. If your business needs an E&O policy, we’re here to help. Contact our agency today to discuss your professional liability insurance needs and to get a quote.

What Does E&O Insurance Cover?

E&O insurance typically provides coverage if a party sues your business, claiming they suffered a financial loss because of your business’s actions. Common reasons for claims include the following:

Mistakes or errors
Negligence
Oversights or omissions
Inadequate work
Incorrect advice
Misrepresentations

Having E&O insurance may reduce your business’s out-of-pocket costs by paying for the associated legal expenses of these claims (e.g., court costs, settlement and judgments)—even if the claim is dropped.

Speak with us today for details regarding coverages, limits and exclusions (e.g., illegal acts or intentional wrongdoing). We can help ensure you are securing the optimal E&O insurance policy.

Who Needs E&O Insurance?

E&O insurance may be available for businesses or professionals that provide services or advice, including:

Insurance agents
Real estate agents
Architects
Financial advisors
Accountants
Engineers
IT consultants

For some professionals, E&O insurance may be mandated by law. Additionally, it may help attract or retain clients as some may require proof of coverage before working with your business.

How to Get E&O Insurance

Contact Consolidated Insurance Markets today to learn more about your professional liability coverage options.

Builders Risk Insurance

Builders risk insurance may help provide coverage for buildings under construction. This specialized coverage, also called course of construction insurance, can provide the backbone of your risk management program.

Who Needs Builders Risk Insurance?

Companies and individuals with a financial interest in a construction project often rely on builders risk insurance to help protect structures and buildings under construction. A builders risk policy may help financially protect materials and supplies, equipment in transit or on-site, and the structures being built.

Insured entities may include the following:

Lenders
Architects
Subcontractors
Property owners
General contractors

What Coverage Does Builders Risk Insurance Provide?

Builders risk coverage may help protect a construction project from specific types of property damage. It may also help cover certain expenses not directly related to the construction project when property damage causes delays, including the following:

Real estate taxes
Additional loan interest
Lost sales
Rental income

It’s crucial to consider the risks and exposures of your project at each phase of construction. Depending on your needs, your agent may recommend that you purchase broad protection, or they may customize your policy for specific risks.

Builders risk coverage is typically temporary, so your agent will help you understand when your coverage begins and ends. Your policy may provide coverage until one of the following:

The policy expires or is canceled.
The building is put to use.
The building is occupied.

Typical builders risk insurance policies may include exclusions for wear and tear, mechanical breakdowns, damage due to faulty design, and employee theft. Talk with your agent to understand exactly how your coverage works.

How to Find the Right Builders Risk Insurance Policy

Working with an experienced agent to find appropriate builders risk insurance is essential to get the coverage you need at a great rate.

Commercial Umbrella Insurance in Flower Mound, TX

Commercial umbrella insurance is a type of business insurance that helps cover liability claims that exceed the limits of a company’s other insurance policies.

Contact our agency to learn how commercial umbrella insurance can help provide financial protection for your organization.

Who Needs Commercial Umbrella Insurance?

Any company with exposure to potential liability claims may benefit from having commercial umbrella insurance. Without it, an organization may have to cover the amount of a claim that exceeds a policy’s liability limits.

Businesses that purchase commercial umbrella insurance typically have high liability risks. They may need additional financial protection across all of their liability insurance policies.

What Does Commercial Umbrella Insurance Cover?

When a liability limit is reached after a claim is filed on a commercial auto policy, employer’s liability insurance (such as workers’ compensation) or general liability insurance policy, umbrella insurance helps cover costs that exceed your policy limits.

How to Get Commercial Umbrella Insurance

Contact Consolidated Insurance Markets today to get the commercial umbrella insurance you need to provide additional financial protection for your organization.