Teague Insurance Agency is dedicated to serving individuals and companies who turn to us for quality insurance services and risk management advice. With our long history in the industry, comprehensive product knowledge, and personalized attention, we deliver a full-service experience that makes a valuable difference for our clients.

Insurance News

  • What Do Equipment Breakdown Policies Cover?

    June 28, 2022

    The typical equipment breakdown insurance policy includes the following coverages: Damage to “covered property” at the location named in the policy. Expediting expenses, to cover the costs needed to get insured equipment operational as fast as possible, such as expedited shipping and making temporary repairs. Business income and extra expense. Similar to coverage you should […]

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  • How Litigation Is Driving Up U.S. Commercial Auto Insurance Costs

    June 13, 2022

    Social inflation—the impact of rising litigation on insurers’ costs—increased claim payouts for commercial auto insurance liability alone by over $20 billion between 2010 and 2019. This is according to a new paper by Insurance Information Institute (Triple-I), in partnership with the Casualty Actuarial Society (CAS). The Triple-I/CAS paper, Social Inflation and Loss Development confirms and […]

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  • Equipment Breakdown Coverage Goes Beyond Insurance

    May 24, 2022

    Equipment Breakdown insurance — formerly called Boiler & Machinery insurance — covers much more than boilers and machinery. Insurers introduced boiler and machinery coverage in the mid-1800s to cover valuable steam-powered machinery from explosion or breakdown, and to cover the equipment’s owner from liability for resulting property damage or bodily injury. Today, few businesses use […]

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  • How AI is Changing the Paradigm of Insurance

    May 14, 2022

    An article in the May 2022 issue of National Underwriter by Daniel Turgel outlines “How artificial intelligence [AI] is moving the insurance industry in a bold, new direction.” In the past, the expectation of an accident occurring at some point was pretty much the main reason motivating a business owner to buy insurance. Until the […]

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