police-1665104_640A Texas Business and Insurance Update It seems acts of terrorism are here to stay, and we hope that our leaders keep fighting and eliminating terrorism.  Until that day, businesses need to be educated on how to manage all their risks—including terrorism. On Nov. 26, 2002, the Terrorism Risk Insurance Act of 2002 was signed into law, creating an impermanent federal program that requires insurers to make terrorism risk insurance available to businesses. The Act was renewed in 2015. How Do I Determine If I Need Terrorism Coverage? The decision to buy Terrorism Insurance is yours, but we want to help you make an educated decision.
  • Certain types of businesses may have a greater terrorism risk. Businesses with high profiles like hospitality, education, and transportation all have increased risks.
  • Location of your business also should be considered. If you operate in a remote area you may have a reduced risk.
For coverage to apply, the terrorism act must be certified by the U. S. Government.  We recommend a cost benefit analysis between your risk and premiums to help you better understand your overall exposure. No matter how well your business might be doing, disaster can strike and turn your streak of good luck into quagmire of misery and frustration. J.S. Edwards & Sherlock Insurance Agency offers a variety of business insurance policies to protect your business as well as your peace of mind. No matter how small or large, new or longstanding your business is, you never know what the next day will bring or how much it might cost