On January 18, 2010, a fast-moving fire gutted part of a car dealership in west Houston. The two-alarm fire was confined to a building that housed the used car showroom. I don’t know any of the specifics of this fire or the results of any investigation into the blaze. I just know fires occur with regularity regardless of the season, the industry or the value of the property burned. I’ve worked with clients who had the foresight to buy property insurance and those who didn’t. Take my word for it, it is much more pleasant to work with those who have the coverage they need at the time of loss.
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Mullen Agency has been associated with and a supporter of Texas Independent Auto Dealers Association for thirty-plus years. TIADA is focused on protecting the industry from over-regulation and provides powerful advocacy and a full-time lobbyist. So, whether a member or not, every independent Texas auto dealer benefits from TIADA’s existence. That alone is enough to make me a fan! After all, Texas used car dealers comprise a majority of Mullen Agency clients and they are who we have worked for and with since our doors opened in 1988.
Business Income and Extra Expense protection is on the mind of many dealers
right now and based on the calls we’ve received, there is confusion as to whether or not
this protection could apply to losses due to COVID 19. The short answer is:
Income tax season often brings ‘audits’ to mind and it occurred to me it might be a good time to talk a little about insurance policy audits. They are rarely as painful as an IRS audit, but they can be a real hassle if you are not prepared. So, let’s cover the basics of getting prepared and knowing what to expect from your next insurance audit.
Confusion runs rampant among insurance buyers when it comes to the differences between admitted and non-admitted markets. When I first became active in the property and casualty insurance business, I was taught that it was always more advantageous to use an admitted market vs. a non-admitted one when seeking to protect my clients’ interests. That certainly sounded logical then, and still does today, but my experience has educated me beyond that simple statement. I’ve learned there are caveats to be considered when choosing a proper insurance carrier.
Based on our ringing phone, our access to the new Auto-Hail Safe product has gotten the attention of a lot of Texas Auto Dealers. So much so, that I decided a brief informational website article might be of help to all independent auto dealers.
This policy is the first ever parametric hail insurance policy with immediate hail storm payouts, no deductibles and…
In today’s economy and with rapid changes taking place across industries, employment practices liability claims have become a reality.
No longer is the exposure limited to large companies or larger corporations. Indeed, smaller companies are equally at risk.
There are a number of ways small business people can protect themselves by being proactive in the management of their insurance program. One important important way small business owners can protect themselves is with the purchase of workers comp insurance.
If you have ever lent a car or provided a loaner vehicle and the borrower had an at-fault accident, you have likely experienced the liability headaches associated with the practice. Even if you haven’t had personal experience with the perils involved, a knowledgeable garage insurance agent has mentioned them to you on multiple occasions.