Commercial Insurance

Risk management goes beyond insurance, addressing both visible and unseen threats. Rising Star Insurance Group, with over 30 years of expertise, offers a "total solution risk management program" for businesses, ensuring comprehensive protection and peace of mind.

For small and medium-sized businesses, we tailor risk management programs by:

• Assessing coverage needs based on industry and past claims.
• Analyzing both hard and soft costs of existing programs.
• Recommending optimal insurance coverage and risk management tools.
• Providing insights into self-funding options.
• Balancing reactive and proactive measures, including safety programs, training, and regulatory compliance.
• Issuing regular reports detailing the costs and bottom-line impact of risk management.

Our services range from writing policies and handling claims to offering training programs, all overseen by a dedicated Risk Manager. Whether addressing specific issues or managing the entire program as an outsourced service, Rising Star Insurance Group is your comprehensive risk management partner.

Securing a personal umbrella liability policy may exclude business-related liability, underscoring the importance of ensuring adequate auto liability coverage. The increasing likelihood of lawsuits over the past decade poses a challenge for business owners.

General liability insurance becomes a crucial safeguard, offering financial protection in the face of potential lawsuits or legal liabilities arising from accidents or damages. This coverage addresses losses stemming from actual or alleged bodily injury, property damage, or personal injury occurring on your business premises or as a result of your operations.

By having general liability insurance in place, you mitigate the risk of a legal proceeding escalating into a financial catastrophe for your business.

Workers' compensation rules were instituted to ensure that employees injured in the workplace receive predetermined monetary compensation, simplifying the process and averting the need for litigation. This not only facilitates the employee but also helps businesses manage financial risks, as many jurisdictions impose caps on the recoverable amount from employers.

Designed to assist businesses in covering these costs, workers' compensation insurance is a mandatory safeguard for workers in most states. It's important to note that workers' compensation is distinct from health coverage, focusing specifically on accidents occurring at work.

In the majority of states, obtaining workers' compensation insurance is a legal requirement when employing workers. Even in areas where not obligatory, especially with a large staff or in hazardous work conditions, securing this coverage is a prudent choice.

In a competitive job market, offering cost-effective, efficiently managed employee benefits is essential for attracting and retaining a talented team. While employer-paid perks are preferred, the focus should be on a well-rounded mix of benefits, including health and lifestyle options.

Your organization's employee benefits package not only reflects its commitment to all employees but also fosters loyalty. A practical and thoughtful benefits program benefits both the organization and its employees.

Rising Star Insurance Group simplifies the abundance of employee benefits and payment choices. Our assistance in choosing the right balance for individual and family benefits includes:

• Compensation
• Health
• Vision
• 401(k) plan
• Retirement and/or Pension
• Worker’s Compensation
• Disability
• Dental
• Performance Bonus
• Nonsubscription
• Life and Accident
• Child and/or ElderCare
• Paid Sick Days / PTO / Volunteer Time Off
• Return-to-Life™
• Homeowners’ Insurance
• Behavioral Health Care
• Maternity / Paternity
• FMLA / COBRA
• Auto Insurance
• Employee Discount Card
• Student Loan Reimbursement

Count on Rising Star Insurance Group for comprehensive assistance with your employee benefits program.

In today's digital era, the majority of businesses heavily rely on online operations and electronic data storage. While this enhances information accessibility, it also creates opportunities for hackers to engage in theft. Businesses suffer significant financial losses annually due to ransomware, damages, and reputational harm resulting from hacking and data breaches. Fortunately, insurance provides a safeguard against such losses.

At Rising Star Insurance Group, our insurance experts understand the risks associated with electronic information storage for business owners. We prioritize excellent customer service, comprehensive insurance coverage, and affordable rates for all businesses. Count on us for reliable protection against the ever-evolving threats in the digital landscape.

For businesses with off-site staff or occasional transit needs, Inland Marine Insurance offers valuable coverage. Connect with Rising Star Insurance Group in Richardson, Texas, for more information and a quote.

Inland Marine Insurance Overview:

Inland marine insurance is designed to cover repair or replacement costs for your company's property or equipment when damaged away from the primary business location or during transit.

Coverage Highlights:

• Repairs or replacements for property not covered by a business owner's policy (BOP).
• Customization options available for BOP holders to add inland marine coverage.
• Protection for special tools used in on-site operations.
• Temporary care coverage for customer or rental property.
• Safeguarding electronic data and computer equipment during travel.
• Coverage for unique or valuable property excluded by commercial insurance.
• Protection for valuable equipment moving within company vehicles.
• Installation coverage for heavy equipment in trucks or vans.

Rising Star Insurance Group ensures comprehensive coverage tailored to your business needs.

In Texas, employers can "Opt-Out" of Workers' Compensation by filing a DWC form 5 with the Division of Workers' Compensation (DWC) through the Texas Department of Insurance. Choosing this option means the employer, if not offering a nonsubscriber or accident product, assumes the responsibility for all claims—funding medical expenses, lost wages, and potential lawsuits in case of a workplace injury.

Rising Star Insurance Group, pioneers in Nonsubscriber insurance since 1986, holds unmatched experience in the field. Our dedicated team assists numerous clients annually in marketing and administering their nonsubscriber insurance products.

When selecting an Insurance Agent prioritizing your company's best interests, choose Rising Star Insurance Group.