Business Type | Houston Business Insurance

Industries Served

HBIA™ believes that it is important for an insurance agent to provide coverage only in industries in which that agency’s experience or knowledge makes them competent to insure. In over 25 years in providing coverage to businesses, HBIA™ has developed competence in insuring businesses in many different industries.

Building Owners
Healthcare
Museums & Art Galleries
Restaurants
Business Perpetuation
Auto Repair Shops
Contractors Working on Boats or Ships

Oil & Gas
International Business Travel
Commercial Contractors
Landscaping Services
Overwater Operations
Retail Businesses
Marine Contractors, Services, or Repairs

Technology
Commercial Janitorial Services
Manufacturing
Professional Services
Wholesalers & Distributors
Insurance When Selling Your Business
Boat, Barge, or Ship Services or Repairs

Auto Insurance Coverage

Are all autos titled under the name of the business? What are the limits of liability we purchased under the current business auto policy?

Do we have equipment attached or wrap painted on any units? Are we carrying tools or goods?

Should you buy the damage waiver offered by the Rental Company? Should you use the coverage offered by your Credit Card Company?

Should you purchase hired physical damage coverage from your Insurance Provider?

Are your employees running errands for your business with their own automobiles? If so, do you have Non-Owned Auto Liability Coverage?

Do we run Motor Vehicle Reports on employees using their own autos for business?

Do we know if these employees have automobile Liability Coverage? If so, do we know how much? Are we comfortable with our current Hired Non-Owned Auto liability limit?

Do we have Hired Auto Liability coverage? If we are renting a car out of state, will our current Texas Workers’ Comp cover our employees in those cars?

Insurance Audits

What is an Insurance Premium Audit? When would an Audit be performed? How will an Audit be conducted?

Will someone visit in-person? Might it be done over the phone? Will I need to provide a report? Who will conduct the audit?

What types of information will I need to provide? General information? Payroll information? Tax information? Sales information?

What do I need to do to prepare for my Audit? How should I organize my Payroll Records? By Policy Period, Classification Code, or by Overtime and Regular?

What is included in Gross Payroll for Audit purposes? Should I request Certificates of Insurance from all my Subcontractors? Do I need to be available to meet with the Auditor?

Sample Records Checklist 1
- Payroll (Journals, Registers)
- Employer's Federal Tax Return
- Unemployment Tax Reports
- Federal W2, W3, and 1099

Sample Records Checklist 2
- Financial Statements
- Federal Income Tax Return
- Benefit Plan Information
- Job Cost Records
- Officers & Clerical Employees

Sample Records Checklist 3
- Contractor/Subcon. Records
- Subcontractor Cert. of Insurance
- General Ledger
- Check Register
- Other Business Records

Management Liability

Do everyday decisions we make create risk for employment practices liability claims?

Can simple decisions about hiring, firing, promotions, raises, and duties lead to claims by employees or government regulators?

What is the impact of wrongful employment practices claims? Can employment practices claims disrupt business? Hurt morale? Damage our reputation? Damage us financially?

Could the right insurance coverage help protect and prepare my business in case of Employment Practices Liability claims?

What does Fiduciary mean, and how does it affect me? Am I a Fiduciary? What are the responsibilities and liabilities if I am a Fiduciary?

Do I manage a health plan, retirement plan, or plan expenses; do I select plan advisors or investments? Does that make me a fiduciary?

If plan advisors make bad decisions, could the company be sued? Could I be sued personally?

Could the right insurance coverage help protect and prepare my business in case of Fiduciary Liability claims?

For Directors and Officers, is there really a clear line between business and personal assets? Or, in a Directors and Officers Liability claim, could personal assets be at risk?

Are claims against Directors and Officers limited to large multinational corporations, or are even smaller businesses affected?

Could claims against Directors and Officers come from vendors, customers, employees, competitors, or government regulators?

What happens if the business can't reimburse Directors and Officers for these costs?

Is my business at risk from fraud or theft? How serious a problem is crime for businesses? Where do these risks come from? Online or offline? Domestic or abroad?

Could fraud be going on now, undiscovered, inside my business? Do most of these threats come from outside my business or could they come from within?

Is there more than money at risk? Employees, clients' trust, our business reputation, our business' future?

Could the right insurance coverage help protect and prepare my business in case of thefts, fund transfer fraud, or forgery?