Insurance Talk Texas

AR Schell & Son Agency
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Insurance Talk Texas is the go-to podcast for anyone looking to understand the ever-changing world of insurance across the Lone Star State. Hosted in partnership with AR Schell & Son Agency—Collin County's oldest independent insurance agency, serving Texans since 1930—this show brings expert insights, practical advice, and real-world stories to help individuals, families, and businesses make informed insurance decisions. Each episode breaks down complex topics like auto, home, business, and life insurance into easy-to-understand conversations, while also covering emerging issues like flood coverage, liability protection, and risk management in Texas’s unique climate and economy. Whether you’re a first-time policyholder, a small business owner, or simply curious about how insurance impacts your life, Insurance Talk Texas delivers the knowledge you need—with local expertise you can trust. Be sure to visit AR Schell & Son Agency at https://schellinsurance.com for all your Texas insurance needs!

  1. 3d ago

    Does Your Personal Truck Insurance Cover Work? Texas Commercial Auto Insurance Explained | Insurance Talk Texas

    Call Schell Insurance at (972) 423-4546 for a personalized quote or visit https://schellinsurance.com to learn more about their comprehensive insurance solutions.   If your business owns, rents, or sends employees out in vehicles anywhere in Frisco, McKinney, Plano, Prosper, Allen, or across Collin and Denton County, this episode of Insurance Talk Texas is for you. Most North Texas business owners assume their personal auto policy or their general liability policy has them covered when a company truck, a work van, or an employee's personal vehicle is involved in an accident on the job. It usually doesn't, and that gap can put your entire business at financial risk.   In this episode, the Insurance Talk Texas hosts break down what Texas law requires for commercial vehicles, why the state minimum liability limits of 30/60/25 under Texas Transportation Code Section 601.072 are only a legal floor, and why Texas records more than 15,000 commercial vehicle crashes every year, with DFW contractors and service businesses facing some of the highest exposure in the state.   We dig into hired and non-owned auto coverage, often called HNOA, which protects your business when employees use their own personal vehicles for work errands or job site visits. We also cover hired auto coverage for vehicles your business rents or borrows, and explain why HNOA only pays for liability, not physical damage to the vehicle. You will hear a real-world example of how a technician driving to an after-hours call in his own truck can expose a business to a lawsuit without non-owned coverage in place.   The episode also covers Personal Injury Protection, required on every Texas commercial auto policy unless waived in writing, and what happens once your fleet includes vehicles over 26,000 pounds gross vehicle weight rating, including TxDMV certificate registration and Form E filings. We close with drive other car coverage, which protects business executives and their spouses when driving a vehicle not listed on the company policy.   Whether you run a landscaping crew, an HVAC or plumbing company, a delivery operation, or any business with vehicles on the road, understanding these coverage gaps before a claim happens is the difference between a manageable incident and a business-threatening lawsuit. Schell Insurance works with business owners throughout Frisco, McKinney, Plano, Prosper, Allen, and the greater Collin and Denton County area to review actual vehicle use and build a commercial auto program that matches how your crews really operate.   Topics covered in this episode: - Why personal auto insurance does not cover business use of a vehicle - Texas commercial auto minimum liability requirements, 30/60/25 explained - Texas commercial vehicle crash statistics and DFW contractor exposure - Hired and non-owned auto coverage, HNOA, explained in plain language - Hired auto coverage for rented, leased, and borrowed vehicles - Personal Injury Protection, PIP, requirements for Texas commercial policies - TxDMV certificate registration and Form E filings for vehicles over 26,000 pounds GVWR - Drive other car coverage for business owners and executives - Common coverage gaps for HVAC, plumbing, electrical, landscaping, and delivery businesses - How Schell Insurance reviews fleet and vehicle-use exposure for North Texas businesses   Insurance Talk Texas is an educational podcast and video series helping North Texas business owners, drivers, homeowners, and families understand insurance in plain, practical language, paired with Texas-specific regulations, market data, and professional insight.   Schell Insurance is an independent insurance agency serving North Texas businesses and families with commercial auto, general liability, commercial property, business owners policies, and a full range of personal and business insurance solutions. As an independent agency, Schell Insurance shops your coverage across multiple carriers to find options that actually fit your business.   If you found this episode helpful, please like, subscribe, and share it with another North Texas business owner who might be relying on a coverage gap they don't know exists. Drop your questions in the comments, and the Insurance Talk Texas team will consider them for a future episode.   Call Schell Insurance today at (972) 423-4546 or visit https://schellinsurance.com to get your business vehicles reviewed by a licensed North Texas insurance professional.   #InsuranceTalkTexas #SchellInsurance #CommercialAutoInsurance #NorthTexasBusiness #TexasInsurance #FriscoTX #McKinneyTX #PlanoTX #ProsperTX #AllenTX #CollinCounty #DentonCounty #DFWBusiness #BusinessInsurance #FleetInsurance #HiredAndNonOwnedAuto #HNOACoverage #SmallBusinessInsurance #ContractorInsurance #IndependentInsuranceAgency #TexasSmallBusiness #InsuranceEducation #CommercialInsurance #NorthTexasContractors #InsurancePodcast

  2. Sep 11

    Commercial Property Insurance in Texas: What North Texas Business Owners Must Know About Hail Deductibles and Coinsurance

    Call Schell Insurance at (972) 423-4546 for a personalized quote or visit https://schellinsurance.com to learn more about their comprehensive insurance solutions.   On this episode of Insurance Talk Texas, we break down commercial property insurance for business owners across Frisco, McKinney, Plano, Prosper, Allen, and the greater Collin and Denton County area. If you own or lease a commercial building in North Texas, this episode explains exactly what your policy needs to cover and where the hidden gaps usually show up.   We start with the three coverage buckets every commercial property policy is built on: the building itself, business personal property (your contents, inventory, furniture, and equipment), and business income and extra expense, which protects your revenue if you have to close temporarily after a covered loss. Most business owners assume their policy automatically covers all three at adequate limits. It often does not, and that gap only shows up after a claim.   North Texas sits in one of the most hail-active corridors in the country, with Collin, Denton, Tarrant, and Dallas counties absorbing some of the heaviest hailstorm losses in the state. We talk through what that means for your wind and hail deductible specifically. As of 2026, a two percent wind and hail deductible has become the standard across most of Texas, with some carriers in higher-risk areas moving to three percent. Because that deductible is a percentage of your total insured value rather than a flat dollar figure, the real out-of-pocket exposure on a commercial building can be significant if you have not reviewed it recently.   We also unpack the coinsurance clause, one of the least understood parts of any commercial property policy. Coinsurance requires you to insure your building to a minimum percentage of its true replacement value, commonly eighty percent. Fall short of that threshold and a claim payout can be reduced through a coinsurance penalty, even on a partial loss. With construction and rebuild costs rising quickly across growth markets like Frisco, Prosper, and Celina, a policy that was adequate a couple of years ago may already be underinsured today.   From there we cover replacement cost versus actual cash value valuation, why that distinction matters at claim time, and how to think through the sometimes-blurry line between what counts as building coverage versus business personal property, especially for businesses with specialized or semi-permanent equipment.   Throughout the episode we reference Schell Insurance, the independent agency North Texas business owners have trusted for years to sort through building values, contents, income exposure, and deductible structure as one coordinated conversation rather than a series of disconnected line items. Schell Insurance understands the hail exposure, the rebuild cost trends, and the coinsurance traps specific to running a business in Collin and Denton counties.   If you are a business owner in North Texas and are not sure what your current commercial property policy actually says about your deductible, your valuation method, or your coinsurance requirement, now is the time to find out, before a storm forces the question.   Call Schell Insurance at (972) 423-4546 or visit https://schellinsurance.com for a personalized review of your commercial property coverage.   Topics covered in this episode: Commercial property insurance Texas Business personal property coverage Business income and extra expense Wind and hail deductible Texas 2026 Coinsurance clause explained Replacement cost versus actual cash value North Texas hail insurance Frisco McKinney Plano business insurance Collin County Denton County business owners Schell Insurance North Texas   Insurance Talk Texas is an educational podcast and YouTube series produced for Schell Insurance, serving business owners across Frisco, McKinney, Plano, Prosper, Allen, and the greater Collin and Denton County region of North Texas. Nothing in this episode constitutes a binding quote or coverage determination; contact Schell Insurance directly for a policy review specific to your business.   #InsuranceTalkTexas #SchellInsurance #CommercialPropertyInsurance #NorthTexasBusiness #FriscoTX #McKinneyTX #PlanoTX #ProsperTX #AllenTX #CollinCounty #DentonCounty #TexasInsurance #SmallBusinessInsurance #BusinessInsurance #TexasHailInsurance #WindAndHailDeductible #Coinsurance #CommercialInsurance #NorthTexas #DFWBusiness #IndependentInsuranceAgency #BusinessOwnerTips #PropertyInsurance #TexasSmallBusiness #InsuranceEducation

  3. Sep 5

    Contractors Tools & Equipment Insurance in Texas: Why Your General Liability Won't Cover Stolen Tools

    Call Schell Insurance at (972) 423-4546 for a personalized quote or visit https://schellinsurance.com to learn more about their comprehensive insurance solutions.   Texas leads the entire nation in construction equipment theft, accounting for roughly one in four of every reported incident in the whole country. If you run a contracting or trade business anywhere across North Texas, your tools and equipment are your livelihood, and one broken trailer lock after a long holiday weekend can turn into a business-ending week. In this episode of Insurance Talk Texas, we break down contractors tools and equipment insurance, a form of inland marine coverage built to protect the gear that moves with you from jobsite to jobsite.   Here is the hard truth too many contractors learn the expensive way: your general liability policy does not cover your stolen tools, and neither does your commercial property policy. General liability responds to bodily injury or property damage you cause to someone else. Commercial property protects items sitting at your fixed business address. But your tools do not live at your shop. They live in your truck, on the jobsite, and in transit up the tollway. Inland marine insurance is the coverage designed to follow your property wherever it goes.   In this episode, we cover:   Why Texas and the Dallas Fort Worth Metroplex are among the most theft-exposed construction markets in the country, with more than seventy thousand new homes authorized in a single year across the metro.   How scheduled coverage and blanket coverage actually work, why high-value machines like excavators and skid steers should be listed individually by serial number, and why your smaller hand and power tools sit under a blanket limit.   The blanket limit trap that leaves contractors underinsured when a fully loaded truck gets cleaned out, plus the hidden per-item sublimit that can cap any single tool.   Replacement cost versus actual cash value, and why an actual cash value settlement on older equipment can leave you with a real gap out of your own pocket.   The rented and borrowed equipment blind spot that catches even seasoned contractors, and why you need a specific sub-limit so a rental contract does not leave you personally on the hook.   The recovery reality: heavy equipment is recovered less than one in four times, and small tools less than seven percent of the time, meaning most stolen tools are simply gone forever.   Why long holiday weekends like Memorial Day, Labor Day, and Thanksgiving are the prime theft window, and the simple documentation and coverage steps that protect you before a loss ever happens.   Whether you are a general contractor, framer, electrician, plumber, HVAC technician, roofer, or any other trade professional working across Frisco, McKinney, Plano, Prosper, Allen, Celina, and the greater Collin and Denton County area, this episode gives you a clear, practical game plan for protecting the equipment your business runs on.   The team at Schell Insurance is an independent agency that understands the North Texas construction market inside and out. They can look at your specific trade, your equipment list, and your jobsites, then build the coverage around how you actually work, so you are protected the right way instead of finding out about a gap at claim time.   Do not wait for that Tuesday-after-a-long-weekend phone call. Get your tools and equipment coverage reviewed now.   Call Schell Insurance at (972) 423-4546 or visit https://schellinsurance.com to get started with a local team that knows North Texas.   Subscribe to Insurance Talk Texas for straightforward, expert guidance on the coverage that protects North Texas homeowners, drivers, families, and business owners.   Disclaimer: This content is for educational and informational purposes only and does not constitute insurance, legal, or financial advice. Coverage availability, terms, conditions, and exclusions vary by policy and individual circumstances. Please consult a licensed insurance professional at Schell Insurance for guidance specific to your situation.   #ContractorsInsurance #ToolsAndEquipmentInsurance #InlandMarineInsurance #ContractorEquipmentInsurance #TexasInsurance #NorthTexas #DFWContractors #ConstructionInsurance #SchellInsurance #InsuranceTalkTexas #FriscoTX #McKinneyTX #PlanoTX #ProsperTX #CollinCounty #DentonCounty #SmallBusinessInsurance #EquipmentTheft #ConstructionTheft #BusinessInsurance

  4. Aug 29

    Texas Just Changed the Law on Insurance Cancellations: What Every Homeowner and Driver Must Know

    Call Schell Insurance at (972) 423-4546 for a personalized quote or visit https://schellinsurance.com to learn more about their comprehensive insurance solutions. Did you know Texas insurance companies are now legally required to tell you why they're canceling, declining, or not renewing your home or auto policy? In this episode of Insurance Talk Texas, we break down House Bill 2067, the new Texas law that took effect January 1, 2026, and what it actually means for your coverage. For years, Texas homeowners and drivers could receive a cancellation or non-renewal notice with little to no explanation. Now, under Texas Insurance Code Chapter 551, insurers must automatically send a written statement of reasons whenever they decline, cancel, or don't renew a home or auto policy. No more guessing games, no more chasing down answers. We walk through what this means in plain language: the difference between a declination, a cancellation, and a non-renewal, why the Texas Department of Insurance says this change gives homeowners and drivers the knowledge to fix issues and stay insurable, and how new quarterly carrier reporting will eventually let Texans see patterns across companies. We also cover the practical side: what steps to take the moment you receive a notice, why acting quickly (without rushing into the wrong policy) matters, and why letting coverage lapse can lead to expensive lender-placed insurance that only protects your mortgage company, not you. This episode is especially timely given how much attention Texas homeowners insurance affordability has been getting lately, which makes understanding your rights under this new law more valuable than ever. Topics covered in this episode: What Texas House Bill 2067 requires insurance companies to do Declination vs. cancellation vs. non-renewal, explained How the Texas Department of Insurance is using this law to increase transparency What steps to take immediately after receiving a notice Why you should never let your coverage lapse, and how force-placed insurance works How an independent agency can shop your situation across multiple carriers How to file a complaint with TDI if you don't receive your required explanation Whether you've received a cancellation notice, a non-renewal letter, or you just want to understand your rights as a Texas policyholder before anything happens, this episode gives you the real, research-based answers you need. About Schell Insurance: Schell Insurance is a Texas-based independent insurance agency helping homeowners and drivers across the state find the right coverage. As an independent agency, Schell Insurance works with multiple carriers, meaning more options, more flexibility, and a team that works for you, not one single insurance company. Whether you're dealing with a cancellation or non-renewal, shopping for new coverage, or want a second opinion on your current policy, Schell Insurance is ready to help. Schell Insurance can help with: Homeowners insurance Auto insurance Renters insurance Business insurance Life insurance Coverage after a cancellation, declination, or non-renewal Policy reviews and coverage comparisons If you're a Texas homeowner or driver who has received a cancellation or non-renewal notice, don't wait until the last minute. Call Schell Insurance today at (972) 423-4546 or visit https://schellinsurance.com to speak with a team that knows the Texas insurance market and is ready to help you find the coverage you need. Insurance Talk Texas is a podcast dedicated to helping Texas consumers understand their insurance options, their rights, and the ever-changing insurance landscape across the state. Every episode is built on current research into Texas insurance laws, regulations, and market conditions, so you're getting information that actually applies to you as a Texas policyholder. Subscribe to Insurance Talk Texas for more episodes breaking down the insurance topics that matter most to Texas homeowners, drivers, and business owners. And remember, whenever you have questions about your coverage, Schell Insurance dot com, that's S-C-H-E-L-L Insurance dot com, is here to help. Disclaimer: This podcast is for general educational and informational purposes only and does not constitute legal, financial, or insurance advice. Insurance laws, requirements, and coverage options can vary based on individual circumstances. Please consult directly with a licensed Texas insurance agent, such as the team at Schell Insurance, or the Texas Department of Insurance for guidance specific to your situation. #TexasInsurance #InsuranceTalkTexas #SchellInsurance #TexasHomeInsurance #TexasAutoInsurance #HomeownersInsurance #TexasLaw #InsuranceCancellation #TexasConsumerRights #InsurancePolicy #TexasDepartmentOfInsurance #NonRenewal #InsuranceEducation #TexasHomeowners #TexasDrivers #InsuranceQuote #IndependentInsuranceAgent #PlanoTexas #TexasInsuranceAgency #InsurancePodcast #TexasInsuranceCancellationLawsUpdated2026

  5. Aug 22

    Builder's Risk Insurance in Texas: The Coverage Every North Texas Construction Project Needs

    Call Schell Insurance at (972) 423-4546 for a personalized quote or visit https://schellinsurance.com to learn more about their comprehensive insurance solutions.   Building a new home or breaking ground on a commercial project in North Texas? Before the first materials hit the lot, you need to understand builder's risk insurance, also known as course of construction insurance. In this episode of Insurance Talk Texas, presented by Schell Insurance, we break down the coverage that protects your project during the most vulnerable stage of its life: while it is still being built.   North Texas is one of the busiest construction markets in the entire country. Collin County alone issues tens of thousands of building permits every year, and communities like Frisco, McKinney, Plano, Prosper, Allen, and Celina are expanding at a breakneck pace. That means thousands of half-finished projects are sitting exposed to hail, wind, fire, water damage, and theft at any given moment. Builder's risk insurance is the safety net that keeps a single storm or a single break-in from turning your dream project into a financial disaster.   In this episode, we cover:   What builder's risk insurance actually is and why it is also called course of construction insurance   The critical difference between builder's risk (first-party property coverage) and commercial general liability (third-party coverage)   Exactly what a builder's risk policy covers, including the structure under construction, materials on site, materials in transit, off-site storage, and temporary structures like scaffolding and fencing   The named perils that matter most in Texas: fire, lightning, wind, hail, theft, vandalism, and water damage from non-flood sources, including freeze-related plumbing failures   Why Texas leads the nation in construction equipment and materials theft, and how copper wire, HVAC units, lumber, and appliances disappear from job sites across Collin and Denton County   The hidden theft sublimit trap that can leave you underinsured exactly when you need coverage most   Key exclusions to know: flood (covered separately through the National Flood Insurance Program), earthquake, wear and tear, and faulty workmanship   Soft costs coverage, one of the most underappreciated features, which pays for extra architect and engineering fees, permits, loan interest, legal fees, and property taxes when a covered loss delays your build   When builder's risk coverage starts and stops, and the dangerous gap that opens up between the end of construction and the start of a permanent homeowners or commercial property policy   Who needs to be named on the policy, from the owner and general contractor to subcontractors and the lender, and why most Texas lenders require this coverage before they fund a project   Whether you are a homeowner building a custom house, a developer, or a general contractor, this episode gives you the knowledge to protect your investment from groundbreaking to completion. And because Schell Insurance is an independent agency serving Frisco, McKinney, Plano, Prosper, Allen, and the greater Collin and Denton County area, they can shop multiple carriers to find the right deductibles, the right theft sublimits, and the strongest claims track record for your specific project and zip code.   Do not leave your construction project unprotected. Get builder's risk coverage in place before you break ground.   Call Schell Insurance at (972) 423-4546 or visit https://schellinsurance.com today to talk with a North Texas insurance professional about protecting your project.   Insurance Talk Texas is your trusted source for clear, practical insurance education built specifically for North Texas homeowners, drivers, families, and business owners. Subscribe for a new episode every week.   #BuildersRisk #CourseOfConstruction #ConstructionInsurance #TexasInsurance #NorthTexas #SchellInsurance #InsuranceTalkTexas #FriscoTX #McKinneyTX #PlanoTX #ProsperTX #AllenTX #CollinCounty #DentonCounty #NewConstruction #ContractorInsurance #ConstructionTheft #CommercialInsurance #BusinessInsurance #HomeBuilding #DFWConstruction #InsuranceTips #IndependentAgent #PropertyInsurance #ConstructionProject

  6. Aug 15

    Commercial General Liability Insurance in Texas: What Every Business Owner Must Know Before Signing a Contract

    Call Schell Insurance at (972) 423-4546 for a personalized quote or visit https://schellinsurance.com to learn more about their comprehensive insurance solutions.   Commercial general liability insurance is the foundation coverage underneath almost every business in Texas, and yet it's one of the most misunderstood policies out there. In this episode of Insurance Talk Texas, presented by Schell Insurance, we break down exactly what CGL covers, why the state doesn't require it but your contracts and cities do, and the certificate-of-insurance mistake that gets North Texas contractors turned away from job sites every single day.   If you own a business, hire subcontractors, sign leases, or bid on commercial work anywhere in Collin or Denton County, this is coverage you cannot afford to misunderstand. We explain it in plain English so you can protect your business, win more work, and avoid the gaps that turn into lawsuits.   WHAT WE COVER IN THIS EPISODE:   The three core buckets of commercial general liability: bodily injury, property damage, and personal and advertising injury, plus why legal defense costs matter just as much as the damages themselves.   Why slip-and-fall claims are among the most common a small business faces, and how CGL responds when a customer is injured on your premises.   The truth about whether general liability is required by law in Texas, and why your contracts, your clients, and cities like Dallas effectively require it even when the state does not.   The single biggest misconception in Texas business insurance: a certificate of insurance is only a summary, not the policy itself, and it does not create coverage on its own.   Why additional insured status only exists when the actual endorsement is attached to the underlying policy, and how contractors get dangerously exposed when they rely on certificates alone.   The three endorsements that show up in almost every North Texas subcontract: blanket additional insured for ongoing and completed operations, waiver of subrogation, and primary and non-contributory.   Completed operations coverage and why claims can surface long after a job is finished.   The key difference between occurrence-based general liability and the claims-made structure of management liability policies like directors and officers, cyber, and errors and omissions coverage.   How per-occurrence and aggregate limits work, and why the right limits can be the difference between winning and losing a bid.   WHY WORK WITH SCHELL INSURANCE:   Schell Insurance is an independent insurance agency serving Frisco, McKinney, Plano, Prosper, Allen, and the greater Collin and Denton County area. As an independent agency, they compare coverage and match your policy to the exact insurance language in your contracts, so you know your certificate will actually hold up when a general contractor or client reviews it. Their team understands the local contracts, the local risks, and the fast-growing North Texas market, and they help business owners close the gaps before a claim or a contract forces the issue.   Whether you are a contractor, a subcontractor, a service business, a retailer, or a professional office, the advisors at Schell Insurance can review your general liability policy and make sure your coverage matches your real-world exposure.   GET A PERSONALIZED QUOTE TODAY:   Call Schell Insurance at (972) 423-4546 or visit https://schellinsurance.com to speak with a licensed Texas insurance professional about your commercial general liability coverage.   Insurance Talk Texas is your trusted source for clear, educational insurance guidance built specifically for North Texas homeowners, drivers, families, and business owners. Subscribe so you never miss an episode, and share this video with a business owner who needs to hear it.   DISCLAIMER: This content is for educational and informational purposes only and does not constitute insurance, legal, or financial advice. Coverage availability, terms, and eligibility vary by individual circumstances and policy. Please consult a licensed insurance professional at Schell Insurance for guidance specific to your situation.   #CommercialGeneralLiability #GeneralLiabilityInsurance #TexasBusinessInsurance #SchellInsurance #InsuranceTalkTexas #NorthTexasBusiness #SmallBusinessInsurance #CGLInsurance #ContractorInsurance #CollinCounty #DentonCounty #FriscoTX #McKinneyTX #PlanoTX #ProsperTX #AllenTX #BusinessLiability #CertificateOfInsurance #AdditionalInsured #TexasContractors #RiskManagement #CommercialInsurance #BusinessProtection #InsuranceEducation #DFWBusiness

  7. Aug 8

    Commercial Crime Insurance in Texas: The Coverage Gap That's Wiping Out Small Businesses

    Call Schell Insurance at (972) 423-4546 for a personalized quote or visit https://schellinsurance.com to learn more about their comprehensive insurance solutions.   Your business owner's policy probably doesn't cover the one crime most likely to hit you. In this episode of Insurance Talk Texas, presented by Schell Insurance, we break down commercial crime insurance and the fast-growing threat of employee theft, forgery, funds transfer fraud, and social engineering scams like business email compromise (BEC).   Texas ranks number two in the entire country for cybercrime victims and losses, and the Dallas-Fort Worth Metroplex takes the heaviest hit in the state. For business owners across Frisco, McKinney, Plano, Prosper, Allen, and the greater Collin and Denton County area, that risk is real and it's growing. A single fraudulent wire request can drain an account in minutes, and once the money moves, it's almost never recovered.   Here's what we cover in this episode:   What commercial crime insurance actually protects, from employee dishonesty and embezzlement on the inside to forgery, computer fraud, and social engineering on the outside.   Why a standard business owner's policy only includes a token amount of crime coverage, and how that gap leaves growing companies dangerously exposed.   The critical difference between cyber insurance and crime insurance: cyber protects your data, crime protects the money walking out the door.   How social engineering fraud (business email compromise) works, why it bypasses your firewalls and antivirus completely, and why a dedicated endorsement often gives you a higher, dedicated limit than a cyber policy sublimit.   The ERISA fidelity bond requirement for businesses that offer a retirement plan, and how it can be built right into your crime coverage.   Simple, practical habits that stop a huge share of these scams before they ever start, including a verification rule every business should adopt today.   At Schell Insurance, an independent agency serving North Texas, the team compares what you actually have against what you think you have and builds coverage that matches your real risk, not a one size fits all template. Whether you're a contractor, a professional office, a retailer, or a growing service business, protecting your money from theft and fraud is one of the smartest moves you can make.   Don't wait until you're staring at a wire confirmation for money that isn't coming back. Get ahead of it.   Call Schell Insurance at (972) 423-4546 or visit https://schellinsurance.com today.   Serving Frisco, McKinney, Plano, Prosper, Allen, Collin County, and Denton County.   #CommercialCrimeInsurance #TexasBusinessInsurance #SchellInsurance #InsuranceTalkTexas #SmallBusinessInsurance #SocialEngineeringFraud #BusinessEmailCompromise #EmployeeTheft #NorthTexasBusiness #FriscoTX #McKinneyTX #PlanoTX #ProsperTX #AllenTX #CollinCounty #DentonCounty #BusinessProtection #FraudPrevention #IndependentInsuranceAgent #CyberFraud

  8. Jul 31

    Key Person Insurance & Buy-Sell Agreements: Protect Your Texas Business When an Owner Is Gone

    Call Schell Insurance at (972) 423-4546 for a personalized quote or visit https://schellinsurance.com to learn more about their comprehensive insurance solutions.   What actually happens to your business if a co-owner or key employee is suddenly gone tomorrow? For thousands of family-owned businesses across North Texas, that question can mean the difference between a company that survives a loss and one that falls apart. In this episode of Insurance Talk Texas, presented by Schell Insurance, we break down the two tools every business owner should understand: key person insurance and buy-sell agreements.   These aren't strategies reserved for giant corporations. They're built for the businesses all over Collin County and Denton County that depend on one or two people to keep the lights on, sign the deals, and hold the client relationships together.   WHAT YOU'LL LEARN IN THIS EPISODE:   Key Person Insurance Basics Learn how a business can protect itself by insuring the people it depends on most, whether that's an owner, a top salesperson, or the operations leader who runs the day-to-day. We explain how the company owns the policy and receives the benefit, giving the business room to replace lost revenue, reassure lenders, and recruit a replacement.   Buy-Sell Agreements Explained Discover how a buy-sell agreement defines exactly what happens to an owner's share of the business if they pass away, become disabled, or decide to leave. We walk through why a written, funded agreement prevents disputes over value and control, and why going without one can force a family to sell for far less than the business is worth.   How Life Insurance Funds the Plan A buy-sell agreement is only as strong as the money behind it. We cover why life insurance is the engine that makes it work, providing the cash to complete a buyout without draining company savings.   Cross-Purchase vs. Redemption Structures We compare the two main ways to structure a buy-sell agreement, cross-purchase and entity redemption, and explain why the choice matters for your ownership, your value, and your long-term goals.   The Connelly Supreme Court Decision We break down the 2024 Connelly ruling in plain English and what it means for company-owned buy-sell arrangements, including why the way you own the policy can affect how your business is valued for estate tax purposes, and why most small businesses are protected by today's high federal exemption. Plus, why Texas having no state estate tax is one more advantage for owners here.   WHY NORTH TEXAS BUSINESS OWNERS TRUST SCHELL INSURANCE:   Schell Insurance is an independent agency proudly serving Frisco, McKinney, Plano, Prosper, Allen, and the greater Collin County and Denton County area. As an independent agency, Schell Insurance works for you, not for a single carrier, comparing options across multiple companies to build coverage that actually fits your business and your family. Their team coordinates with your attorney and accountant so your continuation plan is legally sound and financially secure. Business continuation planning is not a do-it-yourself project, and the professionals at Schell Insurance know the Texas market and these North Texas communities inside and out.   GET STARTED TODAY:   Call Schell Insurance at (972) 423-4546 for a personalized quote or visit https://schellinsurance.com to review your business continuation plan.   If you own a business with a partner, or your company leans on one or two essential people, ask yourself: if that person were gone tomorrow, is there a written plan and cash to fund it? If not, that's your sign to reach out.   SERVICES OFFERED BY SCHELL INSURANCE: Business Insurance, Key Person Coverage, Buy-Sell Funding, Life Insurance, Commercial Property, General Liability, Business Owners Policy (BOP), Commercial Auto, Workers' Compensation, Professional Liability, Home Insurance, Auto Insurance, Umbrella Coverage, and more for individuals, families, and businesses across North Texas.   Don't wait until you need it. These conversations aren't a sign of doubt, they're a sign of leadership. Protect your partners, your employees, and your family today.   Subscribe to Insurance Talk Texas for straight-talking, Texas-specific insurance education that helps you make confident decisions and protect what you've built.   DISCLAIMER: This content is for educational purposes only and is not legal, tax, or insurance advice. Coverage details and regulations vary by situation. Please consult a licensed insurance professional, attorney, and tax advisor regarding your specific needs.   #KeyPersonInsurance #BuySellAgreement #TexasBusiness #BusinessInsurance #SchellInsurance #InsuranceTalkTexas #NorthTexas #SmallBusinessTexas #BusinessSuccession #CollinCounty #DentonCounty #FriscoTX #McKinneyTX #PlanoTX #ProsperTX #AllenTX #BusinessContinuation #LifeInsurance #TexasSmallBusiness #ConnellyCase #EstatePlanning #IndependentInsuranceAgency #DFWBusiness #ProtectYourBusiness #SuccessionPlanning

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About

Insurance Talk Texas is the go-to podcast for anyone looking to understand the ever-changing world of insurance across the Lone Star State. Hosted in partnership with AR Schell & Son Agency—Collin County's oldest independent insurance agency, serving Texans since 1930—this show brings expert insights, practical advice, and real-world stories to help individuals, families, and businesses make informed insurance decisions. Each episode breaks down complex topics like auto, home, business, and life insurance into easy-to-understand conversations, while also covering emerging issues like flood coverage, liability protection, and risk management in Texas’s unique climate and economy. Whether you’re a first-time policyholder, a small business owner, or simply curious about how insurance impacts your life, Insurance Talk Texas delivers the knowledge you need—with local expertise you can trust. Be sure to visit AR Schell & Son Agency at https://schellinsurance.com for all your Texas insurance needs!

Information

  • Creator
    AR Schell & Son Agency
  • Years Active
    2025 - 2026
  • Episodes
    56
  • Rating
    Clean
  • Show Website
    Insurance Talk Texas