Nolasko Insurance Agency -The Woodlands TX

Nolasko -Commercial Insurance
Serving TX employers and their families.

We are an independent insurance agency in The Woodlands, Texas serving the needs of small and mid-size business looking for great service and options on their commercial insurance coverage.

Independent means we have the ability to shop several insurance carriers on your behalf or change the insurance companies, as needed, to suit our your needs.

We provide commercial insurance for companies and organizations with 5 to 500 employees, in all industries, in the areas of:

  • Commercial Property
  • General Liability
  • Business Interruption
  • Workers Compensation
  • Commercial auto
  • Employee benefits

For individuals and families looking for a better insurance customer experience, we provide personal coverage through highly rated companies:

  • Homeowners
  • Auto
  • Umbrella
  • Health and Medicare
  • Disability
  • Life -with LTC and living benefits
  • Retirement annuities -principal protection

Commercial Insurance

Commercial insurance is also known as business insurance or commercial lines. It protects business real estate, other business assets and income.

In a commercial insurance policy the “Insured” is always a legal entity, although individuals can be named “additional insured”.

There are  various forms in which commercial insurance can be established and parts that can be added, based on specific business needs.

We assist businesses in the energy, medical, services and industrial sectors in assessing exposures and with plan design, essential to protecting the business from both expected and unforeseen risks.

As independent an broker-agent we then go the marketplace and find the right carrier for your insurance needs.

Some of the most common forms and components in commercial insurance will include:

  • Property
  • General liability and umbrella
  • Business interruption
  • Commercial auto
  • Workers compensation
  • Cyber liability
  • Electronic data processing

Let ‘s find coverage that fits your needs.

Get a quote today at no obligation

 


Commercial Package Policy -CPP

This is a commercial insurance policy for companies with complex or specialized risks because of the nature of their business or industry.

A commercial package policy can be tailored to the specific risks for which your business requires coverage.

  • Standard coverage includes property and general liability insurance (bundled).
  • Enables you to bundle various other coverages in one policy.
  • Other coverages added as needed, including equipment breakdown, inland marine, and others.

Business Owner Policy -BOP

A BOP is a commercial policy available to most companies with 100 or fewer employees and under $5 million in sales. This type of policy can provide basic coverage for the basic risks -property, general liability and business interruption.

  • Property, liability and business interruption are bundled together.
  • Available only to certain types and size of business.
  • Additional coverage may be added as needed, professional liability, umbrella insurance, etc.

General Liability Insurance

It protects you against claims and lawsuits, covering the cost of your legal defense and paying damages on:

  • Property damage, bodily, personal and advertising injury caused by your products and services, business operations or your employees, or an injury at your place of business or caused by using your products or services.
  • An umbrella policy can broaden and increase coverage.

Workers Compensation

Covers the cost of medical care and rehabilitation for workers injured on the job.

  • Compensates them for lost wages and provides death benefits for their dependents, if they are killed in work-related accidents.
  • Protects against law suits from employee, regardless of who or what caused the accident leading to injury.

Professional Liability

Provides protection on claims not covered by your general liability insurance.

  • Errors and Omissions.
  • Directors and officers.
  • Legal and medical malpractice.
  • Other professions that should have it include accountants, architects, engineers, real estate agents.

Business Interruption Insurance

Covers business shut down because of a covered loss.

  • Replaces lost revenues and covers extra expenses for relocation
  • Included in the Business Owner Policy.
  • It can be added to a Commercial Package or commercial property insurance.

Cyber Liability

Covers the costs and liability associated with data breach and theft of customers’ personal information such as:

  • Social Security numbers
  • Credit card numbers
  • Account numbers
  • Driver’s license numbers
  • Dates of birth
  • Health records

Electronic Data Processing

Covers costs associated with the loss or damage of electronic data processing media or equipment.

Business Crime Insurance

Covers losses from burglary, computer fraud, employee dishonesty and other business crimes.

Commercial Umbrella -Excess Liability

Increases and broadens liability coverage, filling in gaps left by other coverages.

Commercial Vehicles

Also known as business vehicle or “fleet” insurance. It is a separate coverage not included in either a Business Owner Policy (BOP) or a Commercial Package Policy (CPP).

  • Coverage for liability when personal vehicles used to conduct company business.

Life Insurance For Business Succession

Your business faces many risks for which may may already have commercial insurance: fire, crime, commercial liability, etc. The death or disability of a key person in the business is another risk. Among the implications are:

  • The loss of sales due to down time.
  • The cost of replacing an executive.
  • Buying the deceased’s share of the business.
  • Legal costs.

Employee Benefits

Available as self-funded or fully insured benefits

  • Major medical, dental and vision.
  • Accident and critical illness.
  • ERISA reporting and ACA compliance.
  • Bilingual enrollment services.
  • International group medical.

 

Employee Benefits for Small Business


As a small business owner, having solid employee benefits is not only good for your small business, but it is also a sound strategy for your own personal financial stability.

We are a small firm that specializes in working with small groups, from 5 to 500 employees. We offer assistance with plan design, on-exchange and off-exchange qualified health plans (major medical), dental, vision, voluntary benefits, life and disability insurance; as well as self-funded benefits.



Cafeteria Plan

The design and implementation phase includes the installation of a cafeteria plan (section 125 of the IRS Code) at no cost to the employer. A section 125 plan, commonly known as a cafeteria plan, allows payment of benefits on a before tax basis, bringing tax saving to both employees and employer.

Health Insurance for Small Business

You may offer a choice of plan to your employees, including dental and vision, while keeping billing easy and simple. We assist you in selecting, offering, implementing, and servicing your plan with the personal attention everyone in your business deserves.

Disability insurance for individuals and small groups.

Life and Disability Insurance

Most people are uninsured or under-insured for life and disability. Life and disability insurance replaces the employee’s income and protects the family in the event of death or a disability due to illness or an accident. Many employers offer some life insurance coverage at no cost and share the disability premium cost.

Voluntary Benefits

These are employee-paid benefits that are made available through the employer and can be selected during enrollment. These are indemnity policies that cover a range of risks: hospitalization, critical illness (cancer, tumors, heart), accidents, etc. These additional benefits help employees with their out of pocket expenses on their medical insurance.

Bilingual Enrollment Services

Bilingual benefits education
Bilingual benefits education

Communication with your employees and education about the employee benefits available to them is essential to their participation in the program. The state of Texas is 37% Hispanic, the U.S. is 16% Hispanic. We are ready to educate your employees about their benefits in Spanish too so everyone is informed and your company meet the participation requirements set by the ACA.

Self-Funded Benefits

Employers with stable and predictable annual revenues (income) may benefit from a self-funded benefits program that eliminates premiums to insurance companies and gives more control on plan design and cash. The business is protected by a stop loss policy that covers services beyond what is forecast.


New small group plans may start at any point in time in the year. Offer plan choice, see if your company qualifies for Small Business Health Care Tax Credit.

Let ‘s find coverage that fits your needs

Risk Management

Offered through SOLOMON-JOSEPH’s operational risk services.

Risk Management as a Service (RMaaS):  Retained support for growing organizations that need risk support but do not require full-time resources

  • Flexible risk support arrangements to assist small to medium sized organizations
  • Enables businesses to focus on core competencies instead of risk management
  • Cost effective support for organizations of all sizes
  • “Surge” support resources for busy times of year (e.g., renewal, post-disaster/business disruption)

Risk Management Integration (e.g., Risk Governance): For organization that have different teams managing risk issues across the organization, we help in building greater coordination across stakeholders (e.g., Insurance, Health & Safety, Environmental (HSE), IT/Cyber Risk, Security)

  • Better coordination between risk teams
  • Greater awareness and understanding of other risk functions to reduce conflicts
  • Enhanced clarity of risk management roles and responsibilities
  • Alignment of business priorities and the role of risk management in supporting these priorities

Risk Assessment/Risk Analysis: Formal process for identifying, evaluating and prioritizing issues that could negatively impact the business/organization

  • Focus of concern (e.g., corporate, business unit, department, or function level)
  • Types of issues/threats that could impact the business
  • Likelihood that the issue/threat might occur
  • Existing protections to avoid or reduce the impact of an issue/threat
  • Business decisions based on risk data

Business Continuity Management (BCM):  A proactive process that enables an organization to continue its operations following a major disruption

  • Focus on the most critical business process
  • Understand what is required to continue operating (people, equipment, IT, suppliers, facilities)
  • Amount of time needed to recovery processes
  • Maximum amount of time that process can be interrupted
  • Dependencies on other business processes
  • Alternatives to keep operations going

Insurance Program Support:  Retained assistance to minimize unforeseen gaps in insurance coverage

  • Support in working with brokers to align coverage
  • Annual insurance renewal support
  • Property/Casualty claims support with broker
  • Assistance with underwriter required inspections/reviews

Physical Security Advisory Service: Project based support to help organizations optimize their security strategy

  • Review of existing security policy and procedures for gaps
  • Physical site(s) evaluation and risk assessment
  • Corporate Security Program Development – policies and procedures
  • Incident investigative services

Request a quote for a risk assessment

Personal and Family Insurance

Auto Insurance

Generally speaking, there are 4 parts to an auto insurance policy. It is a good practice to review and understand your coverages, so you know what you can count on if an accident were to happen.

  1. Liability to others
  2. Protection from others who are NOT insured or sufficiently insured
  3. Protection for your car
  4. Additional coverages

Homeowners Insurance

The standard homeowners insurance policy covers:

  • The structure of your home
  • Personal belongings
  • Liability protection
  • Additional living expenses –for an insured loss

Flood is covered only through the National Flood Insurance Program, it is not included in your homeowners policy.


Individual and Family Medical

Affordable Care Act (ACA) compliant plans as well as affordable health insurance alternatives.

  • Traditional plans that meet the government requirements
  • Alternative plans that provide substantial medical benefits (non-ACA plans) at lower costs
  • Dental, vision and accident (indemnity) plans

Medicare Plans

For individuals 65 years of age and older or disabled; eligible for Medicare Part A and Part B.

  • Medicare Supplements
  • Part D Plans –prescription drug plans
  • Medicare Advantage Plans –with built in RX (Part D)
  • Special Needs Plans -for Medicare recipients with certain chronic conditions

    Life Insurance and Long-Term Care

    Protect your loves ones and family assets. Create a legacy for what matters to you.

  • Term Life –usually more affordable, no cash accumulation.
  • Universal Life –higher premium, permanent coverage with cash accumulation.
  • Long-term care riders (add-on) available.

Retirement annuities

Insure your future income with a fixed or fixed-indexed annuity

  • Retirement plan transfers or rollovers
  • May also open with non-qualified (after-tax) money
  • Fixed interest rate or pegged to an index
  • Principal is guaranteed by insurance company

5 year period, with 10% access per year is often used


International Life Insurance

For international clients, non-U.S. citizens/residents or U.S. citizens/residents living overseas.

  • Must have a financial connection to the U.S.
  • Application must be completed and signed in person in the U.S. or its territories

Term or universal life coverage


International Medical Insurance

Long-term or short-term international medical policy

  • For non-U.S. citizens residing in the U.S. or overseas
  • For U.S. citizens visiting or living overseas
  • Covers hospitalization, emergencies, prescription drugs, repatriation and emergency evacuation; medical or political instability.
  • Worldwide coverage

    Let ‘s find coverage that fits your needs

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