Boating Season is Almost Here: Is Your Insurance Up to Date?

Boating season is a great time to be in the greater Richardson, TX area and the Allegiance Insurance Agency is here to ensure that you have the coverage that you need before you head out onto the water! Boating is a great way to enjoy the summer with your friends and family and having the peace of mind that comes with knowing that you are covered in the event of an accident will make your boating experience even better. Our entire team is here to review your boat insurance needs with you to ensure that you will be protected in the event of a breakdown, theft, fuel spill, or accident.

Liability coverage is important when you are selecting the right boat insurance for your needs. This coverage will protect you in the event that your boat is involved in an accident that causes physical harm to anyone involved in the occurrence. Having the appropriate liability coverage can help prevent you from having to come out of pocket to cover medical expenses. Damage to your boat can happen due to debris in the water, difficulties docking, or when trailering the vessel and the right policy can help to defray the cost of repairing such damage. Don’t let a boating mishap put a damper on your summer fun! With an adequate insurance policy in place, you can sit back and relax!

If you are considering a new boat purchase, or just want to ensure that your current policy provides the necessary coverage, please come talk to the fine folks at Allegiance Insurance Agency. Feel free to stop by or call with any questions or concerns that you may have relating to your boat insurance needs in the greater Richardson, TX area.

2018 Health Coverage Requirements – Tax Law Changes

As many folks remember, when the Healthcare Reform Act was passed in the early years of the Obama Administration, better known as Obamacare, a requirement was put into law that everyone had to have some form of healthcare insurance in place. For businesses, there were also big changes with needing to track, report and ensure their employees had been provided healthcare insurance. Small family businesses and those with less than 50 employees were generally exempt from the new tax law changes, but everyone else, for the most part, was caught up in the change. Now in 2018, with a whole new set of tax law changes, the basic healthcare requirement on individuals has been eliminated. In doing so, the federal changes have again reshaped the landscape for what kind of health and business insurance a company needs to have in place now going forward to avoid related tax penalties.

Both in terms of required employee benefits as well as workers’ compensation, the landscape is now shifting back to the previous form, but there are leftover requirements causing more confusion for companies as to exactly what is required in 2018. And failure to get it right can still leave a Richardson, TX business with painful financial penalties from both the IRS as well as state tax agencies. The ideal approach is not to go it alone but instead to work with a knowledgeable expert for the right response to the changes. The experts at Allegiance Insurance Agency can help. They have a full understanding and background in the latest healthcare requirements and can guide clients to the right policies for specific needs. Give Allegiance Insurance Agency a call to find out more today!