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benefits-of-business-insurance

Purchasing an insurance policy for your business is the best way to protect your company and the people who work for you. When your business experiences a devastating loss, your only recourse may be to rely on your insurance policy to provide you with the resources you need for recovery.

Here are 4 ways in which business insurance can be used to save your company:

1. To Pay off Loans and Other Business Debts

One of the primary benefits of business insurance is to cover loan payments and other business expenses if your company falls on hard times. In most cases, when a business shuts down, the first things that take a hit in terms of ease of settlement are employees’ wages, along with loans and other business debts. Covering these essential expenses is extremely important if you want your company to maintain its good standing with creditors.

2. To Clear the Outstanding Wages of Employees

Without your employees and their work to keep your company functioning, there wouldn’t be a business to operate. There are situations in which employees are willing to work for lower wages as long as they know they will be compensated for their sacrifice at a later date. Business insurance benefits are often used to pay your employees’ wages so they can continue to work and keep the company running.

3. To Recover the Cost of Relocation

If the building that houses your company is destroyed or extensively damaged, you may have to relocate your business. Covering the cost of relocation is just one of many business insurance benefits that can save your business from a complete shutdown. Relocation is a significant expense that can ruin a business beyond recovery. Having an effective business insurance policy in place is the best way to protect your company’s interests and keep the doors open.

4. To Make Timely Rent and Lease Payments

Suppose your business has lost its main source of revenue due to a natural disaster or fire or some other emergency. In such a situation, a good business insurance policy will help to cover the cost of your rent or lease payments. The policy will continue to pay for your rent/lease until the business has recovered financially and is able to support itself once again.

Every business is different in terms of what types of coverage they need. This is especially true for keeping the business afloat when disaster strikes and the company loses its primary source of revenue. Hence, understanding the importance of business insurance and buying the one that suits your unique needs is a crucial investment decision that you will have to make.

To know more about business insurance policy, contact the experts at The Schwab Agency in Colleyville, Texas. We look forward to getting you covered.

buying-auto-insurance-tips

Auto insurance has been made mandatory in every state, which is why it’s important to get the policy you need at an affordable price. However, before you start looking for a policy, you should consider several factors like the type of coverage required, the extent of existing loan liability, the vehicle’s existing condition, and so on. All these factors will directly impact the type of policy you purchase and the price you pay for your premiums.

Here are 4 different policy options you can consider before settling on an auto insurance policy:

1. Discounts for Safe Driving and for Being a Good Student

Most insurance companies will offer discounts to drivers who have an impeccable driving record, that is, neither accidents nor infractions nor tickets of any kind. Good student discounts can also be availed, provided the student scores a GPA of at least 3.5 out of a 4.0. While these scores may fluctuate from school to school, the discounts still reflect the students’ hard work in maintaining their grades, implying their responsible outlook towards life resonating with their potentially reliable driving skills. People who have been driving for many years can sign up for an online defensive driving course. Once they complete the course with a passing grade, they too will be eligible for a discount.

2. Multi-car Policies and Bundling Effect

Families with multiple vehicles may earn a discount by insuring all of them under the same policy. It’s also a good idea to opt for bundling your home and auto policies. Combining the multi-car discount with a home and auto bundle reduces the administrative work required to service your policies. Everything is recorded in one convenient location, accompanied by monthly payments to ensure that all of your items are fully covered. Bundling also makes it easier when it comes time to review your policies. All of the information is available right in front of you, making the task fast and simple.

3. PL/PD or Third-Party Liability

PL/PD coverage is the most basic type of auto insurance. It is referred to as third-party liability because it only covers injuries and property damage sustained by the other party. When you choose to purchase this form of liability, you understand that you will not receive any compensation if an accident occurs. The only person or persons who will receive any benefit are those in the other vehicle. Each state has set minimum amounts of coverage that must be met with PL/PD policies. Proof of this insurance must be presented to register and tag your vehicle.

4. Comprehensive Coverage

Comprehensive coverage will take care of a wide range of damages, including theft, collisions, hit and run, and injuries. Most people will drop their coverage from comprehensive to collision insurance as soon as they get their car paid off. While the lien/loan is in place, lenders require the car to be insured under a comprehensive policy that ensures they are compensated if the car is ever damaged or stolen.

These are a few options that you may consider while buying your auto insurance cover. To buy the best auto coverage, contact the experts at The Schwab Agency in Colleyville, Texas. We look forward to getting you covered.

when to review life insurance

Life insurance protects your family from experiencing financial hardships if you pass away while they are still relying on your income. For many families, having a solid life insurance policy in place means your family doesn’t have to worry about losing their way of life if a disaster strikes. It’s important to have your life insurance policy reviewed occasionally to ensure you always have the right amount of coverage.

When Your Financial Obligations Change

A good time to review your existing life insurance policy is when your financial obligations change. This can mean the loss of your job. It can also mean a major promotion or the purchase of a new home. Understanding how your budget changes will allow you to plan how your life insurance policy should also change. Financial obligations can also mean that your business may not be functioning the same without you to guide it. These decisions can be hard for a family to deal with.

Children Move In/Out

Starting a family or adding another child are also good times for a policy review. The same is true when your children grow up and start to move out of your home and into one of their own. Empty nesters can often save a lot of money if they review their life insurance policy and start living life for themselves. Many people still choose to carry larger policies so that each child or grandchild gets a small inheritance.

Getting Married

When you get married, you not only gain a partner, but you also get extra liabilities. This is true when it comes to any financial debt as well as how much money your partner brings into the household. Once you have tied the knot, call your insurance agent and ask for a review of your life insurance policy. By reviewing your policy after you get married, you can include your spouse and make determinations for their needs as well.

Ready to Retire

Another good time to request a review is if you have made the decision to retire. While most people have the financial means to retire comfortably, others may not be so lucky. Reviewing your life insurance policy may give you a good idea of what you may need to be doing to secure your spouse’s future if something were to happen to you.

If you are looking for a quality life insurance plan and are not sure about the pros and cons or more. Contact the experts at The Schwab Agency for a policy review and to have all the answers that you are searching for.

home insurance questions

When it comes to homeowner’s policy, everyone has a story about what is covered and what isn’t. While much of what is said may be true, misinformation can get passed around in various ways. So if you have questions about what your homeowner’s policy covers, ask your agent. They can clear up any misinformation and get you back on track with the right coverage.

Do Older Homes Have Cheaper Policies?

Older homes often cost you more than a new home. Part of the reason for this is the quality of the materials and workmanship. Older materials may not have been built according to industry standards. Standards have changed over the years, making older homes seem more dicey than a new home built to today’s strict guidelines and codes.

Are All Natural Disasters Covered?

In many cases, most natural disasters are covered. There are a few exceptions, however. One exception is flooding simply because flood plains designate flood-prone areas. If you live in a flood plain, the best way to protect your home is with flood insurance.

Are My Valuables Covered?

Your personal possessions will be covered by your homeowner’s policy for face value. If you have antiques or other types of valuables, you will need to purchase another policy to make sure each item has sufficient insurance coverage.

Is Basic Coverage Sufficient?

Basic coverage is fine if you want to cover only your home. However, when it comes to liability, a claim can be devastating. This is especially true since many “basic” policies have a price cap on how much they will pay for specific things.

Why Do I Need Liability Coverage?

If a person trips and falls on your property, you are liable for their medical bills, as well as any time they may have missed work. With liability coverage, your insurance company takes the hit and allows you to keep your homeowner’s policy in place.

Do I Have to Report Long Vacations to My Insurance Company?

It’s important to report any long-term vacations to your insurance company. You may want to have a friend or neighbor look in on your property every few days. This gives the impression that someone is close by and may actually deter burglars away from the property.

Will Proper Maintenance Keep My Premiums Low?

Proper maintenance is the best way to keep your home in good shape. If you don’t maintain your property, things will start to break down, and your home will lose its value. Keep it up and keep it nice, and your home’s value will continue to rise!

If you wish to learn more about the many homeowners’ insurance policies, contact us at The Schwab Agency in Colleyville, Texas. Our team can dispel the myths and find a policy that will provide the coverage you want and need to protect your home.

sanitizing your home naturally

The coronavirus pandemic has made us realize the importance of personal hygiene. At the same time, it has also highlighted the importance of keeping your surroundings clean, and this is where home sanitization comes in.

Here are a few tips that will help you sanitize your home:

Get Ready

Before you start, you need to take stock of your cleaning supplies. If you plan to sanitize your home naturally, make sure you have natural cleaning agents such as vinegar, baking soda, borax, citrus fruits, cornstarch, essential oils, etc. You may also need equipment such as empty bottles and microfiber cloths.

Create a Sanitizer

Each ingredient is essential and has a purpose. For instance, vinegar is a disinfectant and cleans surfaces thoroughly. On the other hand, borax and baking soda are salts that absorb odor and remove tough stains. You can combine these and store them in containers. Remember to keep it fresh, as it can be effective only when it is fresh.

You need to combine half a cup of vinegar, a quarter of a cup of baking soda, and 4-8 cups of hot water to prepare a sanitizer. You can use this to clean mirrors and glass surfaces. For a more concentrated solution, consider mixing two tablespoons of borax, a quarter cup of vinegar, and two cups of hot water.

Heat half a cup of vinegar or 3% hydrogen peroxide solution.  Alternatively, you can mix club soda and vinegar in a 1:1 ratio and add a few drops of essential oil. Pour it into a bottle, spray it over surfaces and let it sit for a few minutes before wiping the surfaces.

Clean Your Drains

Sprinkle a spoon of baking soda over the drain and pour vinegar over it. Let it sit for a few minutes and wipe it with warm water. Scrub your toilet with the borax/baking soda and vinegar solution for clean tiles. Use the same solution for cleaning the bathroom and shower area.

Sanitizing Appliances

Combine lemon juice, water, and baking soda in a bowl and use it to get rid of food odor and residue in the microwave. For fixing your garbage disposal pipe, pour lemon juice (or peels) through it along with some ice.

Follow these tips to keep your home clean and disinfected. Another way to protect your house is by getting the right homeowners insurance. Contact the experts at The Schwab Agency in Colleyville, Texas, for all your coverage needs.

workers' compensation insurance for business

Workers’ compensation insurance has been in practice in the US since 1949. Most states have mandated it for enterprises as preventive measures to protect both the workforce and business.

What Is Workers’ Compensation Insurance?

It pays for the medical costs of employees who suffered work-related accidents or injuries. You may consider getting one if you wish to protect your business from unnecessary expenses while also creating a safe working environment for your employees.

If an employee gets injured or becomes sick while working or due to a work-related event, they will receive a portion of lost income and their medical payments.

What Is Covered in Workers’ Compensation Insurance?

It covers:

  • Accidents or personal injury while on the job
  • Illnesses resulting from occupational hazards
  • Rehabilitation costs for stress injury resulting from repetitive movement
  • Permanent or partial disability
  • Family/dependent benefits due to death during service

Here’s what it does not cover:

  • Injuries caused during non-work hours/personal time or due to violation of company policies
  • Employee negligence resulting in the accident/injury, which includes self-harm
  • Permanent and stationary injuries with no scope for further improvement

Why Should You Get One?

Check your local regulations and state laws to determine whether buying workers’ compensation insurance is mandatory for your business. It is good to invest in one as it covers your business and employees.

For businesses, it helps overcome the fear of being sued. This insurance will cover any costs related to compensating employees, including their treatment bills or even court fees. It is particularly useful for businesses associated with occupational hazards.

On the other hand, employees know that they are protected if they fall ill or get injured while at work, and the related loss of wages and medical bills are covered. This results in increased productivity and efficiency.

Workers’ compensation insurance is essential for your business as well as employees. Are you looking for the best and affordable insurance plans? Contact the experts at The Schwab Agency in Colleyville, Texas, for all your insurance needs. We look forward to getting you covered.

Home protection from stealing

The threats of theft and vandalism are increasing, so homeowners would like to increase the security and protection of their homes. You need to add security systems and upgrade certain areas to remain safe and secure inside your home.  Following tips will help you protect your home from vandalism and theft:

  • Assess and upgrade the existing infrastructure of your home, such as the doors and windows.
  • Install an outdoor security light, preferably one with motion sensors to detect and prevent intruders.
  • Restrict unauthorized entry to your residential premises by having a privacy fence or property boundary.
  • Lock up the open, accessible, and unprotected areas such as your garage, outhouse, stockroom, shed, etc.
  • Keep the surrounding areas clean. A messy driveway may attract thieves or vandals and make it easier for them to practice criminal activities.
  • When you are away from your home, ask your friend or neighbor to stay around or keep an eye on your premises. They can inform if they can see anything unusual.
  • If you have a backyard and front yard, you may strategically plant trees and bushes to make parts of your home inaccessible to the intruders.
  • To experience ultimate home protection, you can set up a home security system with surveillance cameras, motion detectors, alarms, and other necessary systems.
  • You can employ a professional home security and monitoring agency to secure your home.
  • Make sure you stay vigilant. Take immediate action when you notice any suspicious activity or damage to your property.

All the above measures will ensure that your home is protected from vandalism and theft. Along with these, you need to have the proper insurance to protect your home from unexpected incidents. Contact the experts at The Schwab Agency in Colleyville, Texas, for all your insurance needs. We will help you choose the right coverage that protects your home and its belongings.

Auto insurance for old cars

You may think that your auto insurance premium would decrease as your vehicle gets older. However, your auto insurance premium is not only determined by the age of your vehicle.

Your premium rate depends on several factors that go beyond the value of your car, including your insurance history, driver’s record, location, and other variables. Here are the reasons why auto insurance for old cars does not decrease:

  • Older cars, especially when not maintained regularly, are often prone to accidents. At the same time, they may not be equipped with the latest safety features that a new model car has. These may lead to requesting claims frequently and increase your premium rate.
  • In case of a collision, the financial liability will remain the same irrespective of your vehicle’s age. Hence, if you have totaled someone’s car or someone has filed a lawsuit against you, the insurer will have to pay the full sum.
  • Besides covering the damage caused to someone else’s vehicle, auto insurance also covers the minor accidents that your car encounters. The cost of repair increases as the vehicle gets older, but your insurance will cover these costs.
  • Also, the cost required for settling medical care, rehabilitation costs, loss of income due to disability, or even funeral expenses in case of accidents mostly remain the same.
  • Not only new cars but older cars are also at risk of theft. In this case, your insurer will have to reimburse you regardless of the age of your vehicle.

In all the above situations, your auto insurance will protect your car and cover the damage. This is why the auto insurance rate does not drop as your vehicle gets older.  To buy the best auto coverage, contact the experts at The Schwab Agency in Colleyville, Texas.  We look forward to getting you covered.

home insurance quote agencies

Your home is one of the most valuable assets for you and your family. Keeping your house safe should be one of your top priorities, and you must be willing to secure it in all possible ways. Protect it from external threats by getting homeowners insurance.

Experts at various home insurance agencies are trained in evaluating risk factors like local weather, crimes, and disasters to provide a suitable quote for you. Following are a few factors to be aware of:

Weather and Natural Disasters

If your house is located in an area prone to natural disasters like floods, earthquakes, and hurricanes, the likelihood of you claiming your insurance would increase. This will cause the insurance premium to go up.

Crimes and Vandalism

If you live in an area where the rate of crimes such as break-ins, vandalism, and property damage is high, your insurance premium will be higher.

Credit Score

Your credit score is a big factor that will determine whether your insurance application gets accepted or not. A poor credit score generally faces higher premiums or may even be denied insurance.

How to Get High-Risk Homeowners Insurance

Here are some simple ways to help you get your homeowners insurance.

Ask Around the Neighborhood

If you are getting insurance for the first time or recently moved to a new location, a great way to decide is to talk to other people in the neighborhood. Ask your neighbors about their insurance policies and recommended providers that offer homeowners insurance in Colleyville, TX.

Contact an Insurance Agent

If this is your first insurance, you might get overwhelmed with the number of unknown procedures. Under such circumstances, it helps to be in touch with an insurance agent who will guide you along your way.

Research well and read all the related documents of your insurance policy before purchase. For more information regarding the best homeowners insurance in Colleyville, Texas, contact the experts at The Schwab Agency. We look forward to getting you covered.

motorcycle insurance quote agencies

A motorcycle ride can be fun, especially in a group. Whether you are a passionate motorcyclist or just another person with a bike, a ride with your buddies can act as a huge stress reliever. These days, bike riding is seen as a recreational activity. However, riding is not 100% risk-free. The risks increase when you are riding in a group.

Follow these tips to ensure your safety:

Plan Ahead

Always plan your route and stops before you hit the road. Impulsive decisions will not work out well as you cannot communicate easily with other members while riding. Such actions will also increase the risk of road accidents.

Make Sure You Are Fully Equipped

Always double-check your gear and equipment before starting a trip with your motorcycle group. Make sure that your motorcycle is in excellent condition because if it breaks down in the middle of a ride, you will be slowing down all your fellow riders as well.

Additionally, a poorly maintained motorcycle will increase the chances of damages that may put you in a situation where you would need to claim your motorcycle insurance.

Learn to Communicate Via Sign Language

You cannot communicate easily with fellow riders while riding. Use hand signals and gestures along your ride when you wish to express something. Plan and discuss your gestures ahead of time so that both parties can understand the messages easily. Never forget to use your motorcycle’s indicator lights while making turns.

Get Motorcycle Insurance

In any activity, safety always comes first. Roads are becoming increasingly dangerous due to more number of people commuting for various purposes every day. Look for motorcycle insurance in Colleyville, TX, to secure your vehicle.

Group riding can be a great recreational activity, but make sure you never ignore your safety. Want to learn more about securing an insurance plan for your vehicle? Contact the experts at The Schwab Agency. We will help you get the best motorcycle insurance in Colleyville, Texas.

COVID-19 Update:


Due to new increasing cases of Covid-19 our office will be closed to the general public until further notice. Our team will still be working full-time in the office and here to assist with all your insurance needs. Please contact us via phone at (817) 485-5050 or email: info@schwabagency.com.


We hope everyone is doing their part to protect themselves and their loved ones during these hard times, and thank everyone for understanding our decision to do our part to help protect our staff and those in our community.


Tim Schwab.
President and Managing Partner