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Ledford Insurance Agency

1910 N Big Spring St
Midland, TX 79705

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Tag: insurance

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. 

Will You Be Required To Get Home Insurance When Buying a House?

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Purchasing a new home involves many steps, especially if you’re getting a mortgage. One of those steps is getting home insurance. If you’re in the middle of purchasing a new home and you’re planning to get a home loan, you will need a good insurance policy to protect your investment.

The professionals at Ledford Insurance Agency, servicing Midland, TX, can help. We have many partnerships with insurance carriers and can shop for an insurance policy that will meet your needs. Here’s what you need to know. 

Who Is Required To Get Home Insurance? 

Home insurance is usually required to get a mortgage, so if you’re planning to pay for your home with a loan, you may be required to get home insurance. Homeowners associations (HOAs) sometimes require members to get home insurance as well. If you’re moving into a property with an HOA, read the HOA rules to find out whether this will be a requirement for you. 

Why Get Home Insurance If It Isn’t Required?

Even if home insurance isn’t required, many people find it beneficial. Home insurance can pay for many repair costs after covered events occur. Additionally, home insurance can pay your living expenses if you have to move out of your house while it’s being repaired. Having home insurance can mean the difference between rebuilding and floundering after a covered event occurs. 

Finally, many homeowners like home insurance for the peace of mind of knowing they have an insurance policy on their side. This can make recovering from a disaster more realistic if you don’t have money in your savings account.

Need Home Insurance? Call Us

If you need home insurance, the professionals at Ledford Insurance Agency, serving Midland, TX, can help. Call to learn more about how home insurance can help you. 

Difference Between Personal and Commercial Auto Insurance

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At first glance, car insurance may seem the same whether you’re driving to the office or hauling equipment to a job site. However, personal and commercial auto insurance are designed for very different situations. Knowing which type of coverage you need is crucial, especially when a claim is involved. Your insurance agent at Ledford Insurance Agency, serving Midland, TX, wants you to understand the difference.

Personal Auto Coverage

Personal auto insurance is tailored for everyday use, such as commuting, running errands, or taking weekend trips. It protects you, your family members, and your vehicle against accidents, theft, and liability. However, it assumes the car is being used in a private, non-business capacity. Once you start using the vehicle for work purposes, the boundaries of coverage can become unclear.

Commercial Auto Coverage

Commercial auto insurance is designed for business-related driving. This could include a single pickup truck used to carry tools, a van delivering products, or an entire fleet of vehicles. Commercial policies offer broader coverage to reflect the higher risks associated with heavier use, larger vehicles, or transporting clients and equipment. They also provide higher liability limits, which can be critical if an accident results in costly damages or involves multiple parties.

Why the Difference Matters

Using a personal vehicle for business purposes without the appropriate policy can leave coverage gaps. For example, if an accident occurs while making deliveries or transporting materials, a personal policy may deny the claim. Commercial insurance fills this gap, ensuring both the business and the driver are protected.

For Texas drivers, the choice between personal and commercial auto insurance depends on how the vehicle is used daily. Discussing your situation with an agent at Ledford Insurance Agency, serving Midland, TX, can help determine whether personal coverage is sufficient or if commercial protection is the better option. Making the right decision ensures drivers and businesses are covered where it matters most. Contact us today to learn more.

Can Your Homeowner’s Insurance Cover Stationary Vehicles on Your Property?

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For those who collect old cars to work on, or those who’ve decided to park an RV on their property — and who have no intention of driving any of those for a while — the idea of saving money by canceling vehicle insurance coverage may be tempting. If no one is driving them, the thinking goes, there’s no need for coverage on the road, just for property. Many people assume their home insurance will cover them if something happens. However, the Ledford Insurance Agency in Midland, TX, wants you to know that this is unlikely to be the case.

A Vehicle Is a Vehicle

It’s not unusual at all to park your RV on your property, nor is it unusual to have an old car that you’re fixing up. It’s also not unusual for these vehicles not to move for months. But their lack of movement does not make them non-vehicles, and the fact is that they are likely going to be operational, if they aren’t already.

If you decide not to insure them as vehicles, then you have no coverage if they sustain damage from, say, a storm or vandalism. Your homeowner’s insurance is likely not going to consider the RV to be stationary property, even if someone is living in it full-time and not moving it anywhere.

If you think the vehicle is a special case and believe you can prove that it’s a stationary property and nothing more, then you should discuss this with your insurance agent. Never assume your homeowner’s insurance will cover damage done to the vehicle when it’s parked on your property. If you have more questions, call the Ledford Insurance Agency in Midland, TX.

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