The importance of workers compensation insurance

Workers compensation insurance from Hexis Insurance is an important consideration for any business, large or small here in the Oklahoma City, OK area.

Why We Recommend This Coverage

The purpose of workers’ compensation insurance is to provide financial security for employees who have been injured on the job. It covers lost wages, medical expenses, and any other costs related to injuries that occurred while performing their job duties. Not only does this type of insurance provide protection for your employees, but it also protects you as an employer from expensive legal fees in the event of a lawsuit.

By investing in workers comp insurance, you’re ensuring that your employees will be taken care of if they get injured on the job and that you won’t have to pay out of pocket should a lawsuit arise. This type of insurance can also help improve morale among employees, as they know they are being taken care of should anything happen while they are at work. Investing in workers’ compensation insurance can keep your business safe and secure while keeping your employees happy and healthy. 

The cost of workers’ compensation insurance can vary depending on a variety of factors, such as the size and nature of your business. It is important to compare different plans and policies before making a decision, so you can make sure you are getting the best coverage for your money. Additionally, it is also important to review and update your workers’ compensation insurance policy regularly, as state laws or business activities may change over time. 

Reach Out To Us

For more information, give us at Hexis Insurance a call today. We would be happy to help you find a policy that protects both you and your employees and one that meets your budget. We proudly serve the Oklahoma City, OK area.

Why does umbrella insurance grow in importance as you age?

In your early years of career life, you might not require umbrella insurance, but as you age, it grows in importance. Here’s why between the ages of 40 to 45, you should add umbrella coverage if you don’t already carry it.

At Hexis Insurance serving Oklahoma City, OK, we recommend that every person in a liability-incurring position carry umbrella insurance. Your main liability policy comprises part of your home, auto, boat, RV, or other insurance policy, covering you up to the policy limit. Umbrella coverage takes over after the liability pays out fully. Umbrella insurance offers million-dollar policies at reasonable premiums that cost only a few dollars per month.

Why Umbrella Insurance?

When You’re Younger Than 40

An accident or other liability-incurring event that occurs in your 20s or 30s doesn’t damage your financial security the same way it would as you age. If, at 25, the police find you at fault for an accident, your auto insurance pays for the liability you incur up to the policy’s coverage limits. Anything over the coverage limits, you pay out of pocket.

You have three years’ worth of savings and retirement funds that you amassed since starting your professional career at 22. You access it to pay the out-of-pocket costs. It’s fine because you have 40 years until you retire, so you can easily make up the shortfall.

When You’re Older Than 40

Let’s say the accident occurs when you’re aged 55 instead. Your auto insurance fully paid out, but you still owe the individual $30,000, according to the court. You raid your retirement fund to pay it off rather than getting in trouble with the law. That gives you 10 years to make up $30,000 worth of deposits to your retirement account. People typically contribute about $1,000 a year but can contribute up to $6,500 per year for the current tax year.

Hexis Insurance Is Here To Help

With umbrella insurance, you don’t owe any money and pay nothing out of pocket. Your umbrella policy picks up where your liability insurance stops. Don’t lose your financial future over an accident that happens today. Call Hexis Insurance serving Oklahoma City, OK, to add umbrella insurance to your insurance package for just a few dollars per month.

Why Home Insurance is Still Necessary After Paying Off Your Mortgage

Congratulations on paying off your mortgage! As you celebrate this big milestone in Oklahoma City, OK, you may wonder if home insurance is still needed now that your loan is paid in full. The answer from Hexis Insurance is an emphatic yes!

Why You Need Home Insurance After Paying Off Your Mortgage 

Home insurance covers more than just the property itself; it also includes personal possessions and liabilities. Should someone be injured on your property, or if something happens to your belongings, homeowners insurance can help cover the costs associated with any claims.

It Helps Cover Unexpected Events

Accidents can happen anytime, and they’re never cheap. Your homeowner’s policy not only helps protect against damage caused by fires, storms, and other natural disasters, but it also protects against theft and vandalism. Even if you live in a safe neighborhood and take all possible precautions to safeguard your home, things can still go wrong. 

It Can Help Boost Your Credit Score

An active homeowner’s policy can help boost your credit score over time! This is because when lenders look at potential borrowers’ financial histories, they like to see evidence that borrowers are taking steps to protect their assets (like their homes). So, having an active homeowner’s policy on record could give lenders additional confidence that you are responsible for managing finances—which could lead to better loan terms down the line! 

Give Us A Call

Keeping an active homeowner’s policy after paying off your mortgage provides peace of mind, knowing that should something unexpected happen at home—or even outside of it—you have a reliable fallback plan. Hexis Insurance is proud to provide Oklahoma City, OK  with home insurance plans tailored to suit their individual needs and budgets. Reach out today if you have any questions.

What Are The Most Common Types of Commercial Insurance?

Business establishments contribute immensely to the economic growth of any given state. While many Oklahoma City, OK residents desire to initiate a successful business, they are also aware of inseparable risks. Business owners need to prevent their enterprises from possible risks such as vandalism and fire. Commercial insurance can provide entrepreneurs with a crucial risk protection tool. Hexis Insurance is happy to help.

Common Types of Commercial Insurance

When starting a new business venture, it’s prudent to understand the mandatory business requirements in your location. We recommends that all employers maintain worker-comp insurance in Oklahoma City, OK. This coverage safeguards workers against any financial implication of injuries sustained or ailments while working in an establishment.

We also suggest commercial auto insurance if you operate your enterprise with a fleet of vehicles to mitigate your business against property damage or bodily injury.

Other commercial insurance options include:

Business owner’s policy (BOP): It’s essential coverage, especially for small businesses. It joins both liability and property and legal protection if you are prosecuted for any business wrongdoing by either a client or an employee.

General liability: There is a possibility of a customer getting injured while in your business establishment. These are likely occurrences that sometimes can result in insurmountable medical expenses. Luckily, this coverage form is designed to save you from paying any imminent medical costs and related legal fees. It also protects you from copyright and libel infringement.

Business interruption insurance: Business disruptions or interruptions may kick in unexpectedly, interfering with your entire undertakings. Your business is safeguarded against such disruptions. It refunds the money you would have made or offers funds to temporarily function in an alternate establishment.

Property insurance: This coverage protects your business structure or assets like electronic gadgets, furniture, and inventory when an unexpected calamity hits your business.

Contact Us Today

Are you an Oklahoma City, OK business owner looking for commercial insurance coverage to protect your enterprise? Please contact or visit us at Hexis Insurance today and get comprehensive details about commercial insurance.

Three ways umbrella insurance can provide you with a brighter financial future

Umbrella insurance is important if you want to make sure that you’re protecting your finances in the future. Consumers in Oklahoma City, OK can rely on us at Hexis Insurance for quality umbrella insurance policies.

Below are three ways umbrella insurance can provide you with a brighter financial future:

Umbrella insurance prevents the loss of assets for you as a motorist.

Umbrella insurance adds to the coverage you enjoy from your auto, motorcycle, or RV insurance policy. If you face a liability expense that exceeds the policy maximum of your vehicle insurance policy, your umbrella insurance policy will pay for any costs over your policy maximum. 

Without umbrella insurance, you might face financial damage and loss of assets so that you can pay the costs of liability expenses for which you are held liable. 

Umbrella insurance prevents the loss of assets for you as a homeowner.

In addition to adding to the coverage you enjoy from your vehicle insurance policy, umbrella insurance also adds to the coverage you enjoy from your home insurance policy. 

As a homeowner, you may face a lawsuit if an accident occurs on your property that leads to bodily injury or property damage. These liability expenses can really add up. Umbrella insurance ensures that you’ll enjoy insurance coverage for such expenses regardless of how high they are. 

Umbrella insurance provides a large amount of coverage for relatively small premium costs.

Umbrella insurance offers you financial benefits without creating a huge burden when it comes to your budget. That’s because umbrella insurance premiums are generally relatively low compared to premium costs for other insurance types. 

Contact Us Today

If you’re interested in a policy quote, get in touch with us at Hexis Insurance. We’re an insurance provider in Oklahoma City, OK that you can rely on for insurance coverage that will protect you financially. 

Does my home insurance in Oklahoma cover liability if my dog bites someone?

One of the most common questions here at Hexis Insurance is whether or not home insurance policies in Oklahoma City, OK include liability coverage if a dog the policyholder bites someone. The answer, unfortunately, is not a simple one. It depends on various factors, including the breed of dog, the severity of the injury, and whether or not the dog has a history of aggression. 

What Steps To Take For Liability Coverage In Case Of A Dog Bite

You first need to check your policy documents to see if there are any exclusions for dog bites. You should be covered up to your policy limit if no exclusions are listed. However, you may have limited coverage or none if your dog is considered a "dangerous breed," such as a Pit Bull, Doberman Pinscher, or Rottweiler. 

Even if your insurance company doesn’t specifically exclude dangerous breeds, they may still deny your claim if your dog has a history of aggression. That’s why it’s so important to be honest and upfront when you’re applying for home insurance. If you disclose that your dog has bitten someone in the past, your insurer may still offer coverage but at a much higher premium. 

Contact Us Today

If you’re wondering whether or not your home insurance policy in Oklahoma City, OK will cover liability if your dog bites someone, the answer isn’t cut and dry. It depends on things like the breed of your dog, the severity of the injury, and whether or not your dog has a history of aggression. The best way to find out for sure is to check your policy documents and speak with your agent at Hexis Insurance.

Getting Started with a Business Owners Policy (BOP)

Commercial policies vary in type and business use. Your business won’t need every type of commercial insurance available. At Hexis Insurance, serving the greater Oklahoma City, OK area, we can point you to an efficient bundle of policies that most small businesses need.

How a BOP Helps Your Business

These policies come in a business owners policy (BOP) package. A BOP provides the four most common types of commercial insurance at a reduced premium. The business receives coverage for liability, business interruption, property damage, and major perils.

Perils refer to events that can cause damage. Typical perils include fire, tornado, and vandalism. If a business purchased these policies separately, it would cost them more money.

Qualifying for a BOP

Not every business qualifies for the BOP package though. Only small and mid-sized businesses can purchase this bundle. The insurance industry definition of small or mid-sized business refers to those with fewer than 100 employees.

Even a company with a small staff that generates lots of revenue does not qualify. The business also must generate annual revenue of less than $5 million.

High-risk businesses don’t qualify for a BOP. They need a custom policy that covers additional risk and for this, they must pay the typical premiums.

Businesses that don’t meet the BOP criteria include:

  • Financial institutions such as banks,
  • Manufacturers,
  • Car dealerships,
  • Auto body or automotive repair shops,
  • Alcohol-serving establishments, such as bars, pubs, and grills,
  • Amusement parks.

Other high-risk industries also would not qualify. Check with your insurance agent about your specific business.

Get The Right Coverage Today

Contact Hexis Insurance, serving Oklahoma City OK, for more information on obtaining a business owner’s policy. Let us help you insure your business against loss.

Umbrella Insurance Basics

Life can throw some expected challenges our way. It is impossible always to be prepared for everything, but insurance products can help us be prepared for a lot of it. At Hexis Insurance serving the greater Oklahoma City, OK community, we are here to help you make wise insurance choices. Products such as umbrella insurance can help protect you from the truly unexpected twists and turns that life can take.  

What Is Umbrella Insurance?

Umbrella insurance is a unique type of insurance product. This type of insurance provides coverage when other types of insurance have been exhausted. This can be a great safety net especially if you have a lot of assets you wish to protect. 

When Would I Need Umbrella Insurance?

Each type of insurance coverage has a limit on what the policy will pay on a single claim. If that amount is exhausted, and there are still expenses that need to be paid, you will be left with the difference to pay. This could create a huge financial burden if you were unprepared for such an expense. 

If this happens, an umbrella policy can kick in to pay the expenses. 

Who Needs Umbrella Insurance?

This type of coverage is helpful for anyone who wishes to be protected fully against unexpected expenses. It is especially helpful, however, if you have a lot of savings or investments you wish to protect from liability expenses. It is also recommended for people who are involved in high-risk careers or hobbies. 

Get Umbrella Insurance Today

If you would like to learn more about umbrella insurance, please contact us at Hexis Insurance serving Oklahoma City, OK. 

What OK residents need to know about protecting their homes from weather-related damage

Hexis Insurance is the agency that the greater Oklahoma City, OK community relies on for all of its insurance needs. If you have questions about the available home insurance policies that are available in our area, give us a call today to learn more. We look forward to working with you! 

Keep your home safe from weather-related damage

Stormy weather can cause a lot of damage to your home if you aren’t prepared. When it comes to getting your home ready and protecting it before a storm hits, there are a few common-sense tips to follow. The most important thing to focus on is your roof. Making sure that there aren’t any loose or damaged shingles before a storm can help to prevent a lot of damage. Having a well-maintained roof can also protect your home from future flooding.

Next, be sure that all of the landscaping around your home is trimmed and properly cared for. Loose tree limbs and shrubbery branches can cause a lot of damage if they come loose during a storm. You will also want to avoid having any other objects become projectiles. This includes patio furniture and any decorative ornaments that you may have in your yard or garden.

By keeping your house and yard well-maintained throughout the year, preparing for an upcoming storm will be straightforward and easy to do. Make sure that your homeowner’s policy is up to date, too! Now is a great time to upgrade your policy. 

We look forward to working with you!

Residents in the greater Oklahoma City, OK area rely on the team at Hexis Insurance for all of their insurance needs. If you need insurance, we can help! Call or stop by our office today.

How Often Should I Review My Commercial Insurance Policy?

As a business owner, it’s crucial to stay on top of your commercial insurance policy. Insurance needs can change quickly, so it’s important to review your policy regularly to ensure you’re still protected.  Hexis Insurance in Oklahoma City, OK can help you navigate this important insurance coverage. Here we discuss how often you should review your policy and what to look for when you do.

Review Every Time You Make a Change

You should review your commercial insurance policy every time you make a change to your business. This includes changes like:

  • Adding or removing employees
  • Adding or removing locations
  • Changing the type of products or services you offer
  • Making changes to your company’s structure or ownership

If you don’t review your policy when these changes occur, you could be left without the coverage you need. For example, if you add a new employee but don’t update your policy to reflect this change, that employee may not be covered in the event of an accident.

Review When You Make Property Changes

You should review your policy whenever you make changes to your property, such as adding or remodeling a building. You may also need to adjust your coverage if you change the way you use your property, such as renting out a portion of it. Additionally, if the value of your property changes, you’ll want to be sure that your coverage limits reflect that.

When You Get New Equipment

You’re in business to make money, which usually means acquiring new equipment. If your policy is more than a year old, it’s time for a review. Talk to a professional agency such as Hexis Insurance in Oklahoma City OK to get help determining if your coverage is adequate.

Review Every Year

Even if you don’t make any changes to your business, reviewing your commercial insurance policy at least once a year is a good idea. This will ensure you’re still getting the best possible coverage for your needs.

Contact Us Today

It’s important to keep your commercial insurance policy up-to-date. Review it whenever you make changes to your business, property, or equipment. At Hexis Insurance in Oklahoma City, OK, we can help you ensure that you have the coverage you need. Give us a call today for a comprehensive review.