Small Fleet Insurance Flower Mound, Texas

Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the “insured”) from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.

Originally, individual companies that faced a common peril formed a group and created a self-help fund out of which to pay compensation should any member incur loss (in other words, a mutual insurance arrangement). The modern system relies on dedicated carriers, usually for-profit, to offer protection against specified perils in consideration of a premium.

Liability insurance is designed to offer specific protection against third-party insurance claims, i.e., payment is not typically made to the insured, but rather to someone suffering loss who is not a party to the insurance contract. In general, damage caused intentionally as well as contractual liability are not covered under liability insurance policies. When a claim is made, the insurance carrier has the duty (and right) to defend the insured.

Flower Mound is an incorporated town[Note 1] located in Denton and Tarrant counties in the U.S. state of Texas. Located northwest of Dallas and northeast of Fort Worth adjacent to Grapevine Lake, the town derives its name from a prominent 12.5-acre (5.1 ha) mound located in the center of town.

After settlers used the site for religious camps during the 1840s, the area around Flower Mound was first permanently inhabited in the 1850s; however, residents did not incorporate until 1961. Although an effort to create a planned community failed in the early 1970s, Flower Mound’s population increased substantially when Dallas/Fort Worth International Airport opened to the south in 1974. As of the 2010 United States Census, the population was 64,699, reflecting a 28% increase over the 50,702 counted in the 2000 Census.

Flower Mound’s municipal government, operating under a council–manager system, has invested in a public park system highlighted by an extensive network of trails. The town’s public schools comprise part of the Lewisville Independent School District. With its moderately affluent population and proximity to the Dallas–Fort Worth metroplex, Flower Mound has used a smart growth system for urban planning, and has recently experienced more rapid light industrial growth to match the growing needs of the primarily residential community. In 2012, Flower Mound was ranked at #8 as one of the Best Dallas Suburbs according to D Magazine.