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Ledford Insurance Agency

1910 N Big Spring St
Midland, TX 79705

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Category: Commercial Insurance

What to Do if Your Policy is Cancelled or Non-renewed

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If you’re a company owner, you must buy commercial insurance. Our team at Ledford Insurance Agency can help you discover which types of policies your business needs. If your business is near Midland, TX, we encourage you to visit us to explore your insurance options. We’ve been working with clients like you for over 35 years. 

What to Do if Your Policy is Cancelled or Non-renewed

When you purchase commercial insurance, it’s your responsibility to keep all your policies active. However, you may receive a notification that your commercial insurance has been cancelled or will not be renewed. According to the Texas Department of Insurance, a cancellation means your policy ends on the cancellation date.  A non-renewal means that your agency will end coverage on the end date of your current policy term.

According to Insure on the Spot, a non-renewal can occur because of consistent non-payment of your premiums, or an excess number of claims. According to the Texas Department of Insurance, a cancellation may occur due if some of the policy information you provided was not correct, or when the agency feels your level of corporate risk is no longer acceptable to your agency. If you receive notice of either of those actions, contact your insurance agent to see if you can correct any of the agency’s reasons for ending coverage. If you are unable to continue coverage with that agent, look for new coverage, right away. 

Contact Us Today for Your Appointment 

Any company can have accidents, weather events, or be sued for liability. Our team at Ledford Insurance Agency can help you prepare for any problems or unexpected events. Businesses in the Midland, TX area have learned we provide excellent client support. Give us a call for your appointment today. 

When Can Commercial Insurance Protect My Online Business in Midland?

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Operating a commercial business is more popular than ever, but it also comes with financial risks that many owners underestimate. From digital agencies and e-commerce stores to AI startups and online service providers, commercial insurance can help protect your operations from costly, unexpected setbacks. For businesses operating throughout Midland, TX, having the right commercial insurance coverage is essential. At Ledford Insurance Agency, we help clients identify and select policies that align with their specific commercial and online risk exposures.

Situations Where Commercial Insurance Matters

Commercial insurance can provide valuable protection in several common scenarios, including the following:

  • Cyberattacks: Cybercrime continues to increase across the United States and globally, with small businesses frequently targeted due to limited security resources. Cyber liability insurance can help cover data recovery costs, legal defense expenses, customer notification requirements, and income losses related to business interruption.
  • Client Lawsuits and Liability Claims: Online and service-based businesses may face disputes involving advertising errors, copyright infringement, contract disagreements, or professional mistakes. Professional liability insurance can help reduce the financial impact of these claims.
  • Equipment Damage or Loss: Many online businesses rely heavily on computers, servers, cameras, inventory, and mobile devices. Commercial property insurance can help cover the cost of repairing or replacing essential equipment after a covered loss.
  • Business Interruption: If a covered event temporarily forces your business to pause operations, business interruption insurance may help recover lost income, payroll expenses, rent, and other ongoing operating costs. Comparing coverage options and endorsements is especially important for business owners.

Understanding when and how commercial insurance can protect your online or brick-and-mortar business in Midland, TX, is critical for long-term success. Regardless of your company’s size or industry, commercial insurance remains a key component of risk management in today’s business environment. To learn more about commercial insurance policies that fit the needs of your business, contact Ledford Insurance Agency today.

What Your Employees Should Know About Workers’ Compensation

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If you’re a Texas business owner, you must purchase commercial insurance. Many Texas business owners have found it beneficial to consult an experienced insurance agent. If your company is near Midland, TX, our team at Ledford Insurance Agency can help you select the best insurance options for your needs. We’ve been proudly serving Texas businesses like yours since 2020.

What Your Employees Should Know About Workers’ Compensation Insurance

If any of your employees are injured at work, your company’s workers’ compensation policy will cover medical bills related to their work injury. As part of your employees’ onboarding process, you should provide them with information about workers’ compensation. Notices explaining how to use workers’ compensation must be posted in a public area within your workplace.

According to the Texas Department of Insurance, the posted notice must inform employees of any specific doctors they are required to see after a work injury. The notice should also outline the steps employees need to take when filing a workers’ compensation claim. Additionally, employees should be informed that they cannot file a workers’ compensation claim for injuries that are self-inflicted or caused by their own negligence.

Call Us Today for Your Appointment

In addition to workers’ compensation insurance, our team can assist you in finding all the types of commercial insurance your company needs. At Ledford Insurance Agency, we take the time to meet with you and understand your unique commercial insurance requirements. Businesses in the Midland, TX area know they can rely on us for guidance and support with their insurance options. Contact us today to schedule an appointment and let us have the privilege of working with your company.

Do You Need Commercial Insurance To Operate a Handyperson Business in Texas?

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If you are considering operating a handyperson business in Midland, TX, you may be wondering whether commercial insurance is required. At Ledford Insurance Agency, we have the answers to that question, and more. 

About Commercial Insurance

If your handyperson business provides services for minor repairs, the state does not require you to have insurance. If your services include areas such as roofing, electrical, plumbing, or HVAC systems, insurance and the proper license are required. 

Some clients, such as a large commercial company, may require insurance before allowing you to work on their project. 

All vehicles used as part of your business must carry a commercial auto policy. 

Recommended Insurance for a Handyperson Business

Several insurance types are recommended when operating a handyperson business. These include liability insurance, commercial auto insurance, tools and equipment insurance, and workers’ compensation insurance. 

Liability Insurance 

This insurance covers the costs of accidental property damage or injuries you cause in the course of your work.

Commercial Auto Insurance

Commercial auto insurance is for any vehicles you use for business purposes. This policy is separate from your personal auto insurance.

Tools and Equipment

This insurance covers items such as power tools and hand tools. It protects against vandalism, accidental damage, theft, and fires. It can also pay for repairing and replacing tools and equipment.

Workers’ Compensation

Whether they’re full-time or part-time, you are required to have workers’ compensation for employees. When an injury occurs on the job, this insurance covers the employee’s lost wages and their medical expenses.

Contact Us

When you are ready to get your handyperson business in Midland, TX, up and running, contact our team at Ledford Insurance Agency for the right insurance coverage. 

Oilfield Operations in Midland: Insurance Considerations for Harsh Conditions

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In Midland, oilfield operations don’t just run against the clock; they run against the weather and the elements. Triple-digit heat breaks down both crews and equipment. Sudden storms blow sand and grit into gears, causing production to grind to a halt. The pace is always unforgiving, and every condition compounds the next. Ask yourself, is your insurance strategy built to keep pace with this environment, or is it written for risks that don’t matter?

Local Insight Makes the Difference

The Permian Basin has its own rules and quirks, and policies crafted without that context often miss crucial risks. For oilfield operators, exposure isn’t limited to damaged machinery. It also extends to liability when working or weather conditions push crews to their limits, and operational downtime when weather delays cascade into missed contracts. This is why local knowledge and guidance matter. At Ledford Insurance Agency, serving Midland, TX, we work directly with businesses facing these harsh realities, not hypothetical ones. That means aligning your coverage with the actual conditions that shape your oilfield work in Midland.

Planning for the Ripple Effect

An isolated incident never stays isolated in this line of work. A pump that overheats doesn’t just stop production; it delays shipments, pushes crews into overtime, and strains client relationships. Harsh weather doesn’t just damage property; it compromises safety protocols and opens up liability concerns. The real value of a strong insurance plan is in anticipating these ripple effects and protecting your business from them.

At Ledford Insurance Agency, serving the Midland, TX area, we sit down with experienced operators who understand the desert doesn’t hand out second or third chances. Our role is simple: translate the harsh conditions and risks you face into coverage that holds up when it matters. If you’re worried about where your current policy may fall short, give us a call. We’ll help you look past the fine print and toward resilience.

Do You Need Commercial Insurance for Your Michigan Business?

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When it comes to commercial insurance for your business, state law in Texas doesn’t require you to have worker’s compensation and commercial auto liability insurance in place. In most states, if you have one or more employees who work at your business for more than 35 hours each week, you must have a worker’s compensation policy to cover them. Also, if your business owns or uses personal vehicles for business purposes, you must have at least a minimum amount of auto liability insurance on each one. The agents at the Ledford Insurance Agency LLC serving the Midland, TX area want you to know and understand that you can obtain other types of commercial insurance for your business.

What Does Commercial Insurance Cover?

When it comes to commercial insurance, you can choose from many different coverage options as a business owner.

Commercial Liability Insurance Coverage

Commercial liability insurance coverage is extremely important for you to have in place if someone is injured at your business. This could be a customer, a client, or some other type of visitor who falls or somehow becomes injured at your company. This policy will help pay for their medical bills and any lost wages they suffer. This type of insurance can also help you pay for an attorney if you’re ever accused of something like libel, copyright infringement, or slander.

Commercial Property Insurance

If a fire, natural disaster, or vandalism damages or destroys your business, you will definitely want commercial property insurance coverage. This will help you recover any lost inventory due to one of these types of situations or if a burglary occurs at your business.

Contact Ledford Insurance Agency LLC

The agents at the Ledford Insurance Agency LLC serving the Midland, TX area are ready to serve you with all of your commercial insurance needs. Call today to set up an appointment to get your policy started and protect the investment you have made in your business.

Do Midland TX Business Owners Need Commercial Flood Insurance?

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Texas law doesn’t require business owners to purchase commercial flood insurance in Midland, TX. However, this type of insurance shouldn’t be automatically dismissed as an unnecessary expense. While Midland County doesn’t have widespread flooding problems, some areas of Midland are at a higher risk of flooding than others. If your business is based in a part of town that is prone to flooding, a commercial flood insurance policy will protect you from total loss if a flood occurs. Furthermore, if you lease a commercial building, your landlord may require that you purchase flood insurance. Entrepreneurs who run a home-based business will likewise want to purchase commercial flood insurance to protect valuable business assets stored in the house, as home insurance doesn’t cover items or activities related to commercial ventures.

What Does Commercial Flood Insurance Cover?

Commercial flood insurance covers water damage to your building, its plumbing, and electric fixtures such as an HVAC unit. It also covers damage to and loss of business machinery, inventory, equipment, and furniture. Moreover, it can provide compensation to cover the cost of cleaning up after a flood and taking measures to prevent future floods. However, to qualify for coverage, the flood must be caused by an act of nature. Flood insurance policies don’t cover burst pipes or floods caused by plumbing problems.

Contact Ledford Agency LLC to Find Out More about Policy Options

At Ledford Agency LLC, we specialize in helping Midland, TX business owners find great commercial insurance policies at a great price. We sell commercial flood insurance as a stand-alone policy but can also help you bundle this type of insurance coverage with other policies if need be. Contact us today for more information or to get a policy quote.

Does Every Small Business Need Commercial Insurance?

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According to the U.S. Small Business Administration, small businesses constituted 99.8% of businesses and 44.5% of employees in Texas in 2022, underscoring their significant contribution to our economy. Commercial insurance is pivotal in helping these businesses fulfill their legal and contractual obligations. For small business owners in Midland, TX, our team at Ledford Agency LLC is ready to partner with you to acquire the necessary commercial insurance.

Who Requires Commercial Insurance?

While some small businesses with no employees may occasionally bypass securing commercial insurance, this strategy can introduce risks, which include possible loss of personal assets. Additionally, certain small business owners mistakenly rely on their home or personal auto insurance for business coverage. However, home insurance typically covers only $2,500 worth of business assets, such as tools, inventory, or office equipment. Similarly, small business owners undertake considerable risks by using vehicles protected by a personal policy rather than a commercial vehicle policy, especially if employees utilize the vehicle.

Further, Texas law does not necessitate private businesses to hold Worker’s Compensation insurance. However, employees can sue uninsured businesses if they sustain injuries at work, whereas Worker’s Compensation insurance caters to these potential scenarios. Also, contracted companies for government work must carry Worker’s Compensation insurance, and numerous private businesses place similar insurance requirements on their suppliers.

While some small business owners might forego commercial insurance, most would benefit from a consultation with an agent to comprehend the costs and advantages of a policy tailored to their business.

Partnering with Ledford Agency LLC

Our team at Ledford Agency LLC caters to the private and business communities in the Midland, TX, area. Call us today at 432-940-4010 to schedule an appointment, and we can devise an insurance plan designed to protect your business.

Types Of Insurance for A Mobile Business

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A mobile business owner often has more flexibility than a traditional business owner. Because a mobile business owner typically provides services in a significant geographical location, they may need specialized insurance products to prevent financial loss.

Business Plan

The business plan should be assessed before insurance is sought. This will allow the business owner to identify risks that may require a specific type of coverage. Liability insurance, workers’ compensation insurance, and commercial property insurance are just a few types of insurance that a mobile business owner may need.

The number of items being transported to and from each client’s location may influence the insurance coverage amounts that a business owner seeks.

Automotive Coverage

A mobile business relies on the use of a vehicle, which may necessitate the acquisition of a comprehensive automotive policy.

Since driving to and from each client’s location will be conducted regularly, a mobile business owner and his employees are more susceptible to accidents than a standard business owner or employee.

If large equipment is towed, a business owner may require insurance add-ons. Automotive insurance add-ons fill in gaps that standard automotive insurance policies don’t cover.

Security

A mobile business owner may benefit from using security equipment. Security equipment protects a business owner’s vehicle, tools, and inventory from damage or theft in transit. The security upgrades added to a business plan could affect the type of insurance policy a mobile business owner needs.

Contact Ledford Agency LLC

Contact a representative of Ledford Agency LLC to schedule an appointment to discuss mobile business insurance products. If you own a mobile company, you will benefit from receiving help from an agent who serves Midland, TX.

Do You Ever Need Commercial Insurance When You Are Using Your Own Car?

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In Texas, business use of your personal vehicle can get you into unexpected trouble.

At the Ledford Agency LLC, serving Midland, TX, and other locations in West Texas, many of our clients who own businesses don’t realize that their auto policies don’t cover business use. Some situations void your Texas auto insurance policy.

Here are some examples:

  • You let an hourly employee drive your personal vehicle during work hours.
  • You let a salaried employee drive your personal vehicle at any time.
  • You transport goods or people for a fee. This includes using your vehicle for services like Instacart or Uber.
  • You use your personal vehicle for picking up supplies.

There is also a situation that affects our most successful clients:

  • You need more coverage because your successful business has made you a high-net-worth individual, a target of people who want to sue you.

Ledford Agency LLC offers tailored coverage for drivers in and around Midland, TX. This gives you the coverage you need at a price that doesn’t break the bank.

We tailor business vehicle coverage with the following:

  • Higher liability limits: If you have business assets, you need higher liability coverage to protect them.
  • "Any auto" policies: Ledford Agency LLC can write auto policies that cover the driver, not the car. That way, you and your employees can be covered whenever you use any car for business purposes. These policies cover when you are test-driving a new car, leasing or renting a car when you borrow a car, and when you haven’t gotten around to insuring a new car yet.
  • Downtime reimbursement: Some insurance companies will reduce your premiums by the percentage of time your car is parked. There are similar discounts for geofencing cars used by your employees.

If you live around Midland, TX, Ledford Agency LLC can find the coverage you need. Call us for an appointment today!

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