You are currently browsing the tag archive for the ‘austin insurance’ tag.

Austin Insurance

A statistic you need to pay attention to!

Our newest Producer, Matt, has been busy evangelizing the need for business owners to get a second opinion on their insurance programs.  We’ve spent numerous hours going over the statistics and the approach:  43% of businesses that suffer a major loss (be it a fire or lawsuit or insert your favorite calamity here…)  go out of business.  And most of these had business insurance!  Scary. 

Think about it:  Almost half of the businesses who had to actually rely on their business insurance went out of business because  it didn’t do what they intended it to.  Business failure.  Dreams down the drain.  Assets?  poof!  (Hopefully, most of these had some corporate veil to protect their personal assets, but experience tells me that many do not).

So is the 43% statistic valid?  The short answer is yes.  (This was put out by the Insurance Information Institute and generally accepted to be accurate in insurance circles).

But what about anecdotally? Matt is also getting  some pretty vivid validation… 

Out of the first five reviews we did of businesses he brought in, four had major gaps in coverage.  Gaps that could result in unmitigated disaster.  The interesting thing is that in some instances it would not have cost them any more to have the proper coverage in place!  Needless to say they are happy they had us take a look.

Pay attention to the risks your business faces.  Make sure your agent handles primarily business insurance and has advanced certifications. You typically only get one chance to get this right. 

Feel free to get touch with us at Austin Insurance or (512)-257-3773 if you have questions or would like for us to take a look at your program.


In Texas, the host of a party can incur severe liabilities in the event that a guest gets intoxicated and then, heaven forbid, injures themselves or someone else because they got behind the wheel. Make sure you take precautions to prevent drinking and driving incidents.

Have a safe holiday season!

A couple of simple ways you can avoid these liabilities are:

  •  Outsource the serving of alcohol. It’s a great idea to hire a bartender or catering company, who has undergone TABC training. Not only can this help limit the amount served, but the bartenders are trained to spot if someone is intoxicated and take appropriate measures.  Make sure they carry general liability and liquor liability coverage. It’s a good idea to have them name you as an additional insured on these policies. (Some policies will allow this, but this is not always an option).   
  •  Designated drivers made easy! Remind guests to use a designated driver in the invitation and as they are leaving the party.  There are services such as Zingo who will have a driver ride out to you on a foldable motor scooter and then drive you home in your own car. Rates for this are $20 plus a couple bucks for additional miles. You can call them 30 minutes before you’re ready to go at 877-OK ZINGO.  That’s 877-659-4646 (OK, I translated this because it took me about a 45 seconds to decipher and dial the number at 10am this morning because I got the “O” and the zero confused so dialed the wrong number…  I then had visions of some exuberant partygoer fumbling with the numbers trying to spell ZINGO on their blackberry in the middle of the night…)  
  • Don’t over-serve your guests and don’t let someone drive who is visibly intoxicated.  You don’t have to be a party Nazi to make this happen, just pay attention and if someone is over their limit call them a cab or find them a designated driver.
  • Insurance is a last resort!  Insurance (risk transfer) and is not a substitute for trying to prevent, avoid and reduce any risks… especially this one.  Even though most General Liability policies for businesses and most homeowners policies do provide some “host” liquor liability coverage” it is often limited and in the case of a homeowners policies the limits are typically way too low.  This is not a road you want to go down so take some simple steps to avoid and prevent these risks!  

With a little bit of forethought and awareness, we can all help prevent some potentially disastrous things from happening. Please pass this on to two friends as a reminder to be safe this holiday season and subscribe to this blog for more tips and ideas on how to protect your family and business. If you have questions feel free to shoot me an email at or go to Austin Insurance.

About Us

Chris J. Baumli, CIC

Chris J. Baumli, CIC

Chris is a Certified Insurance Counselor with Inspire Insurance Solutions in Cedar Park, Texas. He educates entrepreneurs and families on affordable risk management strategies as well as helping them secure the optimal insurance programs.

He lives in Austin with his wife, five (yes five) kids,and two “manly” Chihuahuas named T-Bone and Bodhi. If you’ve found this post helpful, please share with your friends and colleagues that you like and hide it from the ones you don’t! Chris can be reached at (512) 257-3773 or

Inspire Insurance Solutions, Inc. is an independent insurance agent with access to over 100 A-rated carriers. In addition to shopping your coverage to find you the best alternatives for your business, home and auto insurance, Inspire Insurance Solutions will take the time to understand your needs and prescribe the insurance solution that is perfect for you, not the insurance company! Call us at (512) 257-3773 or get an online quote at

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 1 other follower