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[blog_title] => 5 Reasons Why Business Owners Need General Liability Insurance
[blog_description] => The purpose of insurance is to protect individuals and business owners from costs and legal action that may arise as a result of certain liabilities, and but not everyone, however, believes it to be necessary.
Here are 5 reasons why, as a business owner, you should have an active general liability insurance policy:
- Clients often require you to have it
This is the most common reason why business owners should ensure that they have taken out a general liability insurance policy, because if your client requires you to have one and you don’t, they’ll simply take their business elsewhere.
- To protect you when clients visit your workplace
Many businesses see their clients visiting them on site, and if one of them should happen to have an accident while they are there, or damages your property in some way, then this type of insurance will protect you against potential lawsuits and/or medical payments.
- Protecting your employees when they go to third party locations
You may not realise it, but when you send an employee to a third-party location, then you and your business are responsible for them and any work that they carry out there. Any work carried out off site needs to be insured adequately, and should they injure themselves or anyone else, or cause damage to property, you need to know that you won’t be hit with expensive lawsuits and/or medical bills.
- To provide coverage in the event of damage to a client’s equipment
It is not unheard of for some businesses to take care or control of their clients’ equipment, but if some event such as a fire or theft occurs, then without general liability insurance, you could find yourself knee deep in claim costs. If you are working with a company’s network, server or systems integration, then this type of coverage is essential as it protects you against costs incurred from damage to computer equipment caused by power failures or viruses.
- Protecting you when you speak about a client and their business
Words such as ‘libel’, ‘slander’, ‘disparagement’ or ‘infringement’ may be used against you when you’re asked to write or speak about a clients’ business, but if you have an active general liability insurance policy, you will be better protected. This type of coverage is designed to give protection against lawsuits that may arise from the publication of material that slanders or libels another person or organisation, and can cover legal defence costs from those claiming false, malicious or misleading statements in advertisements, promotional flyers, brochures or websites.
So, if this still hasn’t convinced you that you need general liability insurance, it might be best to speak to a business insurance professional, who can explain in further detail the benefits of this type of coverage.
[meta_title] => 5 Reasons Why Business Owners Need General Liability Insurance
[meta_description] => The purpose of insurance is to protect individuals and business owners from costs and legal action that may arise as a result of certain liabilities, and but not everyone, however, believes it to be necessary.
[featured_image] => 1581349211_General Liability Insurance.jpg
[publish_date] => 2020-02-10 05:05:00
[blog_category] => 2
[status] => 1
[date_added] => 2020-02-10 10:40:11
[featured] => https://weinsurehosting.com/assets/featured/1581349211_General Liability Insurance.jpg
[blog_categories] => News,
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[blog_title] => How To Avoid Gaps In Your Condo Insurance Coverage
[blog_description] => Condo associations have Master Insurance policies that cover common elements and events, but which rarely provide adequate cover for what you may be personally liable for without an individual HO-6 policy.
Most condo residents, when looking outside of the master insurance policy, tend to search for the cheapest and speediest individual insurance policy which gives only enough coverage to meet the lenders minimum requirements, but this could be an even faster route to getting hit with a bigger claims bill. Here’s why:
Gaps in coverage that put you at risk:
With more and more condo’s facing challenges due to water damage and freezing, as the claims rise and property damage costs increase, many insurance providers are starting to make changes to their existing coverage which could increase your risk exposure.
Let’s look at the differences between the coverage provided by master insurance policies, and those provided by individual policies:
Items not covered by master insurance policies:
These items are also not generally classed as the associations responsibility and can include:
- Personal property – this can include clothes, furniture, jewelry and money to name but a few
- Betterments and improvements – any upgrades that were carried out after the initial conveyance
- Additional living expenses – this can include the cost of living at a temporary location, storage fees, loss of rents etc
- Personal liability – this can protect you against bodily injury or property damage claims that arise from your unit
- Loss assessment – If the master policy limits have been exhausted but there is a covered cause of loss, then this would apply to all unit owners
- Medical payments – no fault coverage available for injured guests within your unit
However, if as a condo owner you purchase an HO-6 insurance policy – which is also required by lenders – the above items will be covered.
Dwelling coverage:
To avoid significant costs incurred by expenses that you may be held responsible for by the condo association under the master policy deductible – something caused by the owner’s act, neglect, misuse or carelessness – dwelling coverage should be included in every HO-6 policy.
As mentioned previously, there has been a rise in water damage losses causing carriers to increase their deductible, so reviewing your dwelling coverage is imperative if you want to avoid being out of pocket.
Many condo communities require that homeowners have at least $25,000 of dwelling coverage to indemnify them for the deductible expense in the event a claim arose from their unit, and if coverage is not available, the homeowner would have to pay this expense personally, or the association could place a lien on their unit.
Dwelling coverage should also include a homeowner’s betterments and improvements, including those completed by prior owners, and most lenders will require at least 20% of the unit’s market value insured under this coverage as well.
If you’re a condo owner and want to ensure that your insurance coverage is adequate, then speak to a professional insurance agent today, before it’s too late!
[meta_title] => How To Avoid Gaps In Your Condo Insurance Coverage
[meta_description] => Condo associations have Master Insurance policies that cover common elements and events, but which rarely provide adequate cover for what you may be personally liable for without an individual HO-6 policy.
[featured_image] => 1581347705_Condo Insurance.jpg
[publish_date] => 2020-02-03 09:05:00
[blog_category] => 2
[status] => 1
[date_added] => 2020-02-10 10:15:05
[featured] => https://weinsurehosting.com/assets/featured/1581347705_Condo Insurance.jpg
[blog_categories] => News,
)
How To Avoid Gaps In Your Condo Insurance Coverage
February 3, 2020
Condo associations have Master Insurance policies that cover common elements and events, but which rarely provide adequate cover for what you may be personally liable for without an individual HO-6 policy.Most condo res...
Read full
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[blog_title] => Choosing The Right Insurance Package For Your Small Business
[blog_description] => As the owner of a small business you’ll want to give your employees a benefits package, not only because it’s good for them, but it can save you money at tax time. However, you may not be entirely sure what a benefits package should include.
To help you decipher which insurance package would be best for your workers, here are a few pointers:
What should a small benefits package include?
Experts say that a good small business benefits package should include health insurance, some life and disability insurance and a retirement savings plan. However, this may not necessarily be applicable for your small business depending upon your budget and employee needs. Let’s look at each one in a little more detail:
Group health insurance comes in many shapes and sizes and can be adapted to suit any small business and its employee’s needs. When thinking about health insurance,it’s important to consider whether you opt for a Preferred Provider Organization plan (or PPO), or a Health Maintenance Organization plan (or HMO). To know more about either, consult with a workplace insurance specialist.
- Life and disability insurance
With two categories of life insurance: term insurance and permanent insurance, you’d need to think carefully about which one you choose. Term insurance is designed to cover only an employee’s dependents if they die unexpectedly within a specific time period and is often a more affordable option for employers. However, your employees may be more satisfied with a permanent life insurance plan that
provides lifelong coverage and has an investment component. Again, to know more details about each plan, speak with an insurance specialist.
The benefits of offering this to your employees can outweigh any costs and is one plan that just might encourage them to remain loyal to you and your business. While retirement may be a long way away from some of your workers, most will still consider a retirement savings plan to be a huge draw and investing in a retirement savings plan could be a sound financial decision.
Are small business benefits packages worth the money?
With statistics showing that more than 70% of employees would prefer more benefits over an increase in their pay, offering a benefits package to your workers, seems as if it would always be worth the cost.
If you choose to offer your employees a small business benefits package, you could stay competitive as an employer and a business without having to raise anyone’s salaries, and with a wide selection of packages available, you’re sure to find one that suits your budgetand the needs of your employees.
[meta_title] => Choosing The Right Insurance Package For Your Small Business
[meta_description] => As the owner of a small business you’ll want to give your employees a benefits package, not
only because it’s good for them, but it can save you money at tax time. However, you may not be entirely sure what a benefits package should include.
[featured_image] => 1578569342_Right Insurance Package For Your Small Business.jpg
[publish_date] => 2020-01-09 14:25:00
[blog_category] => 2
[status] => 1
[date_added] => 2020-01-28 07:49:15
[featured] => https://weinsurehosting.com/assets/featured/1578569342_Right Insurance Package For Your Small Business.jpg
[blog_categories] => News,
)
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[blog_title] => Do You Need Flood Cover In Your Home Insurance Package?
[blog_description] => With global
warming becoming a huge and growing concern for everyone, no matter where you
live in the
U.S., it’s time that we face the reality and prepare ourselves for every
environmental
eventuality,
including flooding.
Even if drastic
efforts to tackle global warming are brought in today, around 350,000 homes
state-wide are
already constructed on land that is known to be at risk from flooding, and if
no
urgent steps are
taken, this figure is set to increase to 385,000. Many of these homes are in
major
metropolitan
coastal areas such as New York City, Miami Beach and the Bay Area, and where
real estate
prices are higher.
So, with the
threat of flooding on the increase and many homes at risk of damage or complete
destruction,
perhaps it’s time you thought about including flood cover in your home
insurance
policy:
I don’t
live in a flood risk area; do I need flood cover?
While most
associate flooding with intense or prolonged rainstorms, it’s important to
remember
that other
weather conditions can also cause flooding, such as melting snow or a severe
coastal
storm surge.
Statistics show that 1 in 5 flood insurance claims comes from a homeowner
living
in an area not
classified as being at a low or medium risk.
Doesn’t my
home insurance policy cover flood damage?
In short, no,
not usually. If groundwater rises and floods your home, causing damage and
often
leaving it
uninhabitable for weeks if not months to come, your standard home insurance policy will not give
you any, or adequate protection.
What parts
of the home are covered by flood insurance?
In general, most
areas of a standard home will be covered by the flood insurance policy. While
basements may
require extra protection, the core parts of your home such as the foundations
and
those systems
that keep it running, are covered, as are appliances, carpeting and personal
belongings.
How much
will flood insurance cost?
Fortunately for
the consumer, unlike most other insurance packages, flood insurance costs the
same no matter
who, or where you purchase it from. This is because the federal government
backs a national
program via the National Flood Insurance Program, meaning that wherever you
are in America,
your insurance plan is coming from the same place, keeping the price the same.
While we
would all prefer not to have to cover our homes and possessions from the risk
of
natural
disasters or any other types of events that can cause our homes to flood, the
reality
is that the
risk is always there wherever you live, and whatever type of home you live in.
To make
sure that you’ve got all the coverage you need in case of a potentially
devastating
event such
as a flood, book an appointment with a qualified and reputable insurance firm today.
[meta_title] => Do You Need Flood Cover In Your Home Insurance Package?
[meta_description] => With global warming becoming a huge and growing concern for everyone, no matter where you live in the U.S., it’s time that we face the reality and prepare ourselves for every environmental eventuality, including flooding.
[featured_image] => 1578313270_Home Insurance Package.jpg
[publish_date] => 2020-01-03 16:30:00
[blog_category] => 2
[status] => 1
[date_added] => 2020-01-28 07:48:53
[featured] => https://weinsurehosting.com/assets/featured/1578313270_Home Insurance Package.jpg
[blog_categories] => News,
)
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[blog_title] => What Is Commercial Property Insurance And Do You Need It?
[blog_description] => Whether you own
your own building, lease your company premises or work from home,
business
property insurance is a necessity, and here’s why:
What is
commercial property insurance?
This insurance
protects the physical assets of companies that have been affected by fire,
storms,
theft, vandalism
and many other forms of destruction. Perils such as floods and earthquakes can
be included in
the coverage, but usually only if added to the policy.
What does
it cover?
Coverage
includes the building in which the company operates, everything inside the
building
and some items
on its perimeters. These can include:
- Computers
and other electronic equipment
- Furniture
- Exterior
signs
- Important
documents
- Fences
and landscaping
This type of
insurance protects the structure and fabric of the company premises and
safeguards
the owners and
occupiers’ liabilities.
As the
owner of a commercial building, do you
need commercial property insurance?
If you’re
running a business from a commercial building that you own, then without
adequate
insurance to
protect it from such events as fire, storm damage and theft, your investment
could
be left hanging
in the balance. The IPF, or Investment Property Forum, advise that many
commercial
properties are especially susceptible to environmental factors that can
lead to
catastrophic
loss or damage of the premises, such as from floods or land contamination. It
goes
without saying
that if any equipment or machinery that is used to make your product or provide
a
service becomes
damaged, and you don’t have the insurance to cover it, your business could very
quickly be at
threat.
Also, as the
owner of the commercial building, you are liable for any injuries or damage
sustained
to the property by third parties, who may then go on to make claims for substantial
damages if
you’re found to be negligent in your duty of care.
Your duty of
care - as the owner of a commercial property - is also extended to any tenants
that
may be
using the premises,
and your indemnity against any claims they may make is secured
by commercial
landlord’s insurance.
You may not know
that whether you use your commercial property yourself, or have leased it to
tenants, you
have a legal obligation to hold employer’s liability insurance, and this helps
protect
you from claims
made by any employee (past or present), who suffers an injury because of work
carried out for
you.
What if you
lease commercial property?
While as a
tenant leasing a commercial building, your landlord is likely to have arranged
building
insurance, you still need to protect the contents of the building that belong
to you, and
this best done
through commercial property insurance. Your landlord may also have arranged
property owner’s
liability insurance, but you may still be left liable for claims made by
visitors to
the premises, or
from neighbours or member of the public who suffer an injury, or have their
property damaged
as a result of your business practices.
If you’re the
leaseholder of the premises from which your business operates, and are
employing
workers, then
again, you have a legal obligation to hold employer’s liability insurance to
meet
any claims from
past or present employees.
So, if you
own or lease a commercial property, then you will almost certainly be required
to
have
commercial property insurance. To know more about what policies are available,
talk
to your local insurance experts.
[meta_title] => What Is Commercial Property Insurance And Do You Need It?
[meta_description] => Whether you own your own building, lease your company premises or work from home,
business property insurance is a necessity, and here’s why:
[featured_image] => 1576156082_commercial property insurance.jpg
[publish_date] => 2019-12-11 16:30:00
[blog_category] => 2
[status] => 1
[date_added] => 2020-01-28 07:48:02
[featured] => https://weinsurehosting.com/assets/featured/1576156082_commercial property insurance.jpg
[blog_categories] => News,
)
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[blog_title] => How Much Dwelling Coverage Do You Need?
[blog_description] => When thinking
about home-owners insurance, it’s important to consider dwelling coverage and
to ensure that
you have an adequate amount for your home. Read on to know more about
dwelling
coverage, from how much you should have to calculating the replacement cost of
your
property:
What is
dwelling coverage?
If your home
should become destroyed for any reason, or become uninhabitable due to damage,
then dwelling
coverage should help you cover the costs of rebuilding it. This coverage is
mainly
concerned with
the structure of your home, the materials it was built with and anything that
might be
attached to it, such as a garage or porch.
How much
dwelling coverage do you need?
You would of
course need enough coverage to equal the cost of replacing your home, but it
can
be tricky to
calculate this. Here are 3 steps that should get you close to an accurate
estimate:
1. Multiply the square footage of your home by the local construction costs
These
costs can be found on the websites of most construction companies, or you can
ask your local insurance agent to help you out.
2. Use an online calculator to get a second estimate
Free
online calculators are available to help you, that use the square footage of
your home, building materials and total number of rooms to give you a fairly
accurate replacement cost.
3. Get an estimate from a professional
Independent
insurance agents local to the area will be able to help you calculate a highly
accurate estimate of the replacement cost of your home.
What
factors might affect the replacement cost?
There are
several factors that might affect the replacement cost of your home, and as
these can
change, it’s
best to reassess the cost every couple of years:
New
safety features may have been added to certain building codes since your
original home was built, and these will need to be checked by a professional
insurance agent.
It’s
important that you adjust your home-owners insurance policy to match any
increases in the value of your home that may have occurred due to renovations
such as a re-modelled kitchen.
- Extra
rooms and/or structures
If
you’ve added any new rooms or structures to your property, then your insurance
should reflect the new value of your home.
- Cost
of building materials and construction costs
Building
materials, workers wages and construction costs can increase at any time, so
its best to try and stay abreast of such rising prices.
If
your home has any features inside or outside that would be hard to replace or
replicate, then it may cost you extra to have them replaced.
To get the
full lowdown on home-
owners insurance and to be sure that
you have the
coverage
you need, schedule an appointment with a
commercial property insurance who can talk
you through
your options in person.
[meta_title] => How Much Dwelling Coverage Do You Need?
[meta_description] => When thinking about home-owners insurance, it’s important to consider dwelling coverage and to ensure that you have an adequate amount for your home.
[featured_image] => 1575897304_Dwelling.jpg
[publish_date] => 2019-12-09 16:25:00
[blog_category] => 2
[status] => 1
[date_added] => 2020-01-28 07:58:03
[featured] => https://weinsurehosting.com/assets/featured/1575897304_Dwelling.jpg
[blog_categories] => News,
)
How Much Dwelling Coverage Do You Need?
December 9, 2019
When thinking
about home-owners insurance, it’s important to consider dwelling coverage and
to ensure that
you have an adequate amount for your home. Read on to know more about
dwelling
coverage, from how much you should have to calculat...
Read full
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[blog_title] => Answering Your Renters Insurance Questions
[blog_description] => You may not own
your own home, but that doesn’t mean that you don’t own all the valuable
items inside it,
which is when renter’s insurance comes into play. With coverage that varies
from
replacing
personal property if it gets broken or stolen, to protecting you from identity
theft, this
insurance can be
hugely beneficial for tenants of rented properties.
What are
the coverage limits for renter’s insurance?
Each policy will
have its limits, or the maximum amount that the policy will pay you should you
have any
personal property or liability losses. Knowing the basic coverages will enable
you to
make a better
decision about which type of coverage would work best for you:
- Personal
property coverage:
Despite
what you may think when you first cast your eyes over your personal belongings,
they probably have a greater value than you might imagine. If your personal
property becomes damaged by such events as a fire or a flood/leak (such as
from plumbing or a cooling system), gets stolen or is broken by power surges
(as may happen to electronics and appliances), then your personal property
coverage ensures that you’ll be able to return any damaged items to normal, or
replace them.
If
a guest in your home (irrespective of who they are) has an accident while
staying with you and requires medical intervention, then you may be found
responsible for that accident and therefor for their medical expenses.
Depending on the nature and severity of the injuries sustained, the medical
bill could be a significant one, and this type of policy helps to provide you
with financial protection against covered claims and lawsuits that may be
brought about by the injured party. Just as is the case should the personal
property of a guest become damaged or broken by your personal activities, your
children or your pets while they are in your home. Some of the costs covered by
this policy include acts of the insured’s pets, claim and defence expenses,
liability to others and negligent acts of the insured’s children.
If
your rental property becomes damaged by such events as a fire or a flood and
you can no longer reside there, then most renter’s insurance policies will
reimburse you for hotel stays and other associated costs.
Having
a renter’s policy that fits around your specific needs and lifestyle is
essential, and most have options for add-ons that can protect pets, home
businesses and expensive collectible items, for example.
What about
roommates?
Unrelated people
living in your rental property, such as roommates, can complicate the coverage,
and they’re
personal items are not usually automatically covered unless they’re
specifically listed
on the policy.
That said, each state has their own rules when it comes to these cases, so it
would
make sense to
check such matters directly with your insurer.
Insurance
coverage is easy when you know what to look out for and are clear on what level
of coverage
you want. However, renter’s insurance can be just as confusing as any other
type of
coverage, so be sure to talk things over with your provider before you sign up
for
anything.
[meta_title] => Answering Your Renters Insurance Questions
[meta_description] => You may not own your own home, but that doesn’t mean that you don’t own all the valuable
items inside it, which is when renter’s insurance comes into play.
[featured_image] => 1573477797_Renters Insurance Questions.jpg
[publish_date] => 2019-11-08 16:30:00
[blog_category] => 1
[status] => 1
[date_added] => 2019-11-11 08:10:46
[featured] => https://weinsurehosting.com/assets/featured/1573477797_Renters Insurance Questions.jpg
[blog_categories] => Blog,
)
Answering Your Renters Insurance Questions
November 8, 2019
You may not own
your own home, but that doesn’t mean that you don’t own all the valuable
items inside it,
which is when renter’s insurance comes into play. With coverage that varies
from
replacing
personal property if it gets broken...
Read full
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[blog_title] => The Dangers Of Too Much Or Too Little Auto Insurance
[blog_description] => We all want to
try and save money on our car insurance premiums, but we should always have a
clear idea in
our minds of why we have it in the first place, and just how important it is.
For
instance, if you
have an accident while travelling in your car, and especially if you caused it,
car
insurance can
help protect you from having to pay out thousands in damages and repairs, the
cost
of which can be
crippling for those without protection.
Can’t you
just have minimum coverage?
Well yes, you
can of course have the minimum coverage required by the law in your state, but
while you might
be all legal and above board, the policy may fall way short of the coverage
that
you need if you
have a serious accident in your car. In fact, if you’re coverage is inadequate
in
the event of an
accident, you can personally be held liable for any damages that you’ve caused.
So, the long and
short of it is that it makes absolutely no sense to have insufficient coverage,
whether it’s
legal or not.
How can you
judge how much coverage you’ll need?
Think about the
overall value of any assets that you have; if you’re a young, unmarried person
with no real
assets to speak of, such as property, savings or investments, then you may get
away
with minimum
coverage for your vehicle. However, if you do have assets that amount to
at least
a few thousand
dollars, then you’ll need greater coverage. Lawsuits after an accident are
common and can
end up costing you a significant amount of money, and if you have substantial
assets, you’ve
got more to protect and so will need a level of coverage that is much higher.
Is it
possible to have too much coverage?
Yes, it is
possible. Aside from the fact that you might be paying over the odds for a
policy with
an excessive
amount of coverage, a larger policy can make you a prime target for frivolous
lawsuits. When
the complainant initiates a suit, the attorney will look at the amount of
coverage
that you have,
and the larger that coverage, the more the complainant may be likely to squeeze
from you.
It’s not
always easy to know exactly what type of coverage you should get when insuring
your car,
but the best advisors are those who specialize in auto insurance and who can
give
you an
unbiased rundown of your choices. For more detailed advice and guidance,
contact
your local auto insurance specialists.
[meta_title] => The Dangers Of Too Much Or Too Little Auto Insurance
[meta_description] => We all want to try and save money on our car insurance premiums, but we should always have a clear idea in our minds.
[featured_image] => 1573476834_car insurance.jpg
[publish_date] => 2019-11-06 11:55:00
[blog_category] => 1
[status] => 1
[date_added] => 2020-01-29 04:21:13
[featured] => https://weinsurehosting.com/assets/featured/1573476834_car insurance.jpg
[blog_categories] => Blog,
)
The Dangers Of Too Much Or Too Little Auto Insurance
November 6, 2019
We all want to
try and save money on our car insurance premiums, but we should always have a
clear idea in
our minds of why we have it in the first place, and just how important it is.
For
instance, if you
have an accident while travellin...
Read full
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[blog_title] => Car Insurance Policies Explained
[blog_description] => It can sometimes be difficult to know what type of insurance you need for your car, so here are a few simple guidelines for choosing the right policy for your new set of wheels:
Liability insurance:
This type of policy covers you if you’re in a car accident that was determined to be your fault and will cover the cost of repairing property that may have been damaged in the crash, plus any medical bills should you require hospital treatment.
In most states, there is a minimum requirement for how much liability insurance you purchase, and if you can afford it, it’s sensible to have a policy that is above your state’s minimum liability requirements, giving you extra protection if you’re found to be at fault of causing an accident in your car.
Coverage for collisions:
Collision coverage will pay for any repairs to your car if you’re involved in the type of accident that this policy covers, and if your car is a write-off, it will also pay the value of your car. For older cars, collision coverage may not be worth it.
Comprehensive insurance:
Let’s say your car is badly affected by weather damage, you have a collision with a large animal, or your car is stolen, comprehensive insurance will cover you under all these circumstances. While this type of coverage may cost more, it covers you for more. However, if you can’t afford this type of insurance, it may not be necessary anyway, especially if your car can easily be replaced.
Personal injury protection:
This type of insurance coverage can be a life saver if you’re involved in any type of accident and need medical treatment for you or your passengers, no matter who was at fault. Medical bill costs can mount at an alarming rate, but Personal Injury Protection will help you manage them, but do note that this type of insurance is not available in every state.
Protection for uninsured or underinsured motorists:
If someone is found to be legally responsible for paying damages after an accident, but their
car insurance isn’t high enough to cover the full cost of expenses incurred, or they don’t even have coverage, then Uninsured and Underinsured Motorist Protection could significantly reduce the risk of you having to pay out large sums of money after a collision.
For more detailed advice and guidance about what coverage would best suit you and your motoring needs, make an appointment to discuss your insurance policy options with a reputable insurance firm.
[meta_title] => Car Insurance Policies Explained
[meta_description] => It can sometimes be difficult to know what type of insurance you need for your car. For detailed advice and guidance about what coverage would best suit you and your motoring needs, make an appointment to discuss your insurance policy options with a reputable insurance firm.
[featured_image] => 1570636766_hero_auto.jpg
[publish_date] => 2019-10-08 21:20:00
[blog_category] => 1
[status] => 1
[date_added] => 2020-01-29 04:35:04
[featured] => https://weinsurehosting.com/assets/featured/1570636766_hero_auto.jpg
[blog_categories] => Blog,
)
Car Insurance Policies Explained
October 8, 2019
It can sometimes be difficult to know what type of insurance you need for your car, so here are a few simple guidelines for choosing the right policy for your new set of wheels:Liability insurance:...
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[id] => 246
[franchise_id] => 105
[blog_title] => The Lowdown On Home Insurance
[blog_description] => Home insurance can give you the peace of mind that you need after purchasing a new property, which was doubtless not an entirely stress-free process, as it invariably never is! Covering damage to your property, risk of liability and protecting you against any legal claims,
home insurance is essential for any homeowner. However, not all policies offer the same coverage:
Which insurance policy might be best for you and your home?
There are multiple types of policy options when it comes to protecting your home, just as there is with any other type of insurance. Here are the main ones in more detail:
This limited policy covers 10 perils (such as fire, vandalism, lightning or an explosion, to name but a few) compared to the 16 covered under equally affordable standard policies. Not including personal liability for injuries incurred while on your property, or automatically covering your belongings, a lot of mortgage companies don’t think these give as much coverage as is needed.
Usually covering all 16 named perils, this insurance is on the basic side with lower premiums and a lower level of coverage, but it is a ‘named peril’ policy, meaning that damage caused by events other than those listed on your policy, will not usually be covered.
Covering all disasters except those that are specifically excluded, this type of policy is perhaps the most popular one and protects you against any and all perils that are not specifically mentioned in the exclusions. This policy also covers attached structures, such as a deck or a garage, plus your belongings, and includes personal liability coverage should you accidentally injure someone or damage their property. That said, what is not covered, will depend on your specific policy.
Aimed at renters, this coverage protects your belongings against all 16 perils, but will not cover the building that you live in, as the landlord is responsible for that. If someone is injured in your home, or you need to pay for alternative accommodation while your landlord repairs or renovates the property, most HO-4 policies provide you with liability insurance.
If your home is new or in excellent condition, then this more comprehensive version of the HO-3 policy will be available to you provided you live within close distance of fire protection services. This coverage protects you financially against all perils unless they’re specifically excluded in writing and gives you better protection for your personal belongings than a HO-3.
Much like renter’s insurance, this condo or co-op policy covers the personal property of condo owners against all 16 perils and usually includes liability insurance. This coverage typically extends to the walls, ceilings and floors of your residence, while the building itself would be insured by the association.
This type of policy is for mobile or manufactured homes.
Designed to insure older properties, this coverage is like an HO-3 but has special elements to better protect older homes. Historic and registered landmark homes often have this type of coverage.
If you’ve just bought your first home, are shifting address, or have just moved into a rented property, then you’ll need to put purchasing home insurance, at the very top of your to-do list. To discuss your insurance needs in more detail, talk to your local, trusted insurance provider.
[meta_title] => The Lowdown On Home Insurance
[meta_description] => Home insurance can give you the peace of mind that you need after purchasing a new property, which was doubtless not an entirely stress-free process, as it invariably never is! Covering damage to your property, risk of liability and protecting you against any legal claims, home insurance is essential for any homeowner.
[featured_image] => 1570638653_Home Insurance.jpg
[publish_date] => 2019-10-02 21:50:00
[blog_category] => 1
[status] => 1
[date_added] => 2020-01-29 04:39:17
[featured] => https://weinsurehosting.com/assets/featured/1570638653_Home Insurance.jpg
[blog_categories] => Blog,
)
The Lowdown On Home Insurance
October 2, 2019
Home insurance can give you the peace of mind that you need after purchasing a new property, which was doubtless not an entirely stress-free process, as it invariably never is! Covering damage to your property, risk of liability and protecting y...
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[blog_title] => 9 Reasons Why It’s Essential To Insure Your Business
[blog_description] => There are a multitude of risks at play for those running a small business, whether it be from an employee harming themselves while at work or a natural disaster destroying the premises, and protecting your assets as a business owner, has never been more essential.
One of the safest and most comprehensive ways of ensuring that both you and your business are kept as safe and secure as they can be, is to purchase adequate insurance from a reputable and fully qualified insurance firm in your locality. If you needed any more reasons to insure your business, here are 9 of the best:
- You’ve got no choice, it’s the law!
Businesses who employ staff are required by law to provide certain types of insurance, such as workers compensation and unemployment and disability. A failure to do so could see businesses having to fork out thousands of dollars in fines, face civil or criminal penalties and even ‘cease and desist’ orders, any one of which could spell financial ruin and cost far more than an
insurance policy ever would.
- Being sued becomes a distinct reality:
Businesses have folded over lawsuits or liability claims, and without appropriate insurance, yours could face this, too.
- What happens in the event of a natural disaster?
Good insurance coverage can help businesses stay afloat in the wake of natural disasters, and with Business Owners Insurance, your business could survive and even go on to thrive, after a natural disaster has struck.
You may think you’re a safe bet, but nothing shows prospective clients and customers that you are than having business insurance.
All good business owners should know that their employees are their most valuable asset and protecting them with sound insurance, is always going to be a wise investment.
- Protecting your own assets:
Payments from company-owned life and disability insurance policies can help to cover the loss of income generated in the event of your death or inability to work due to injury or sickness and provides funds for the purchase of your interest under a buy-sell agreement.
- Helping to attract and keep good employees:
Employees are always going to be attracted to a company who takes the effort to protect their staff through various insurance policies, and they are far more likely to stay with that company, too. While most employees find a good salary to be one of the key factors that helped them decide whether they should join a company, or stay with one, they also look for benefits packages that include life, health, disability and long-term care insurance.
- Some contracts may demand it:
As a business, you may need to have insurance if you rent or lease the premises, if you borrow money to finance buildings, equipment or operations, or if you have client contracts that specify you carry insurance in the event of things not going to plan.
- The future is anyone’s guess!
Natural disasters, accidents in the workplace or lawsuits from employees are all things that can happen to any business, at any time, and while there is no guarantee that these things will happen, nor is there any guarantee that they won’t.
Protect yourself, protect your business and protect your employees: these simple rules when followed, can help insure the longevity and success of your business and your future as a whole.
[meta_title] => 9 Reasons Why It’s Essential To Insure Your Business
[meta_description] => There are a multitude of risks at play for those running a small business, whether it be from an employee harming themselves while at work or a natural disaster destroying the premises, and protecting your assets as a business owner, has never been more essential.
[featured_image] => 1568124268_hero_commercial.jpg
[publish_date] => 2019-09-05 11:15:00
[blog_category] => 1
[status] => 1
[date_added] => 2020-01-29 05:31:21
[featured] => https://weinsurehosting.com/assets/featured/1568124268_hero_commercial.jpg
[blog_categories] => Blog,
)
9 Reasons Why It’s Essential To Insure Your Business
September 5, 2019
There are a multitude of risks at play for those running a small business, whether it be from an employee harming themselves while at work or a natural disaster destroying the premises, and protecting your assets as a business owner, has never b...
Read full
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[blog_title] => Becoming Well-Versed in Auto Insurance
[blog_description] => Advertisements for low-cost insurance may intrigue you, but remember: the price of your auto policy is never as important as being an informed consumer. There are five major types of automotive insurance, and they’re all significant. Knowledge of the terms and conditions of your coverage may save you thousands in the long run.
Liability Insurance
When you’re responsible for an accident, Liability Insurance covers you for the cost of medical expenses from injuries sustained as well as resulting property damage. If your state has a minimum requirement for Liability Insurance, you may want to consider upping the coverage a bit. That way, you (and your wallet) are protected, and you won’t have to shell out sizeable amounts of money for claims surpassing your policy limits.
Uninsured/Underinsured Motorist Protection
This insurance helps cover expenses associated accidents in which the other driver is responsible yet possesses no insurance—or minimal coverage—and cannot afford to pay for the full cost of the damages.
Collision Coverage
Collision Coverage is responsible for the fees associated with auto repairs or for replacement of the car itself. However, if your car is totaled, this insurance will pay the car’s value. This coverage kicks in when your vehicle collides with another object or vehicle, rolls over, or your car is hit by another car while it’s parked.
Personal Injury Protection (PIP)
Sometimes referred to as “no-fault” insurance, PIP is coverage for the medical expenses of you, and any passengers, if you are injured in an accident. This insurance also encompasses injuries sustained as a passenger in someone else’s car, or if you’re hit as a pedestrian or while cycling.
Comprehensive Coverage
Cars can be stolen, damaged by weather, collide with an animal, or be vandalized. Luckily, all of these incidents are protected by Comprehensive Coverage. If you reside in a high-crime area or a region prone to natural disasters, this insurance may be something to consider carrying. Also, most lenders demand that you hold Comprehensive Coverage until the car is paid off.
Our local agents are standing by to answer your auto insurance questions. Contact us today!
[meta_title] => Becoming Well-Versed in Auto Insurance
[meta_description] => Advertisements for low-cost insurance may intrigue you, but remember: the price of your auto policy is never as important as being an informed consumer.
[featured_image] => 1563981459_3.jpg
[publish_date] => 2019-07-03 11:25:00
[blog_category] => 1
[status] => 1
[date_added] => 2020-01-29 06:42:15
[featured] => https://weinsurehosting.com/assets/featured/1563981459_3.jpg
[blog_categories] => Blog,
)
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[blog_title] => Business Insurance Basics
[blog_description] => When you own a business, there are multiple processes and procedures that must be followed. If you manage employees, their safety and security should be taken into consideration at all times. For a large company, you may have a collection of expensive equipment on hand that could bring business to a halt if damaged by a disaster. But no matter the size of your organization, no one is immune to accidental injury. Here’s what you need to know about covering these under a business insurance policy.
Worker’s Compensation Insurance
If an employee slips and falls on the premises, injures themselves while lifting a heavy box, or maybe becomes ill due to exposure to harsh chemicals, what do you do? Worker’s Compensation Insurance is available to protect businesses and employees after work-related illness or injury. Benefits could include payment for lost wages, emergency and ongoing medical care, or physical therapy, to name a few. In most states, a Worker’s Compensation Insurance policy is required for a business to operate.
Commercial Property Insurance
A pipe burst in your warehouse and no one was around to hear it. Did it make a sound? Probably, but it definitely damaged some equipment and important documents during the flood. Commercial Property Insurance is essential to a Business Owner’s Policy (BOP) for situations such as these. From computers and inventory to store signs and fence posts, your policy coverage can span from the inside of your building to the immediate perimeter. You developed this company from the ground up, so protecting your investments with a material-based policy may be a sensible decision.
Business Liability Insurance
Accidents happen, it’s true. But what if a customer or client is injured on your property? Does that make you liable? Business Liability Insurance—also called General Liability Insurance—covers you against claims that are made against you for injuries sustained during regular business procedures. This policy could also cover you against claims of property damage and advertising offenses such as libel or slander.
If you’re a businessowner looking to preserve the security of your company and its employees, WeInsure is here to help you. Contact a local agent today!
[meta_title] => Business Insurance Basics
[meta_description] => When you own a business, there are multiple processes and procedures that must be followed. If you manage employees, their safety and security should be taken into consideration at all times.
[featured_image] => 1563981439_2.jpg
[publish_date] => 2019-07-02 05:25:00
[blog_category] => 1
[status] => 1
[date_added] => 2019-07-24 11:17:19
[featured] => https://weinsurehosting.com/assets/featured/1563981439_2.jpg
[blog_categories] => Blog,
)
Business Insurance Basics
July 2, 2019
When you own a business, there are multiple processes and procedures that must be followed. If you manage employees, their safety and security should be taken into consideration at all times. For a large company, you may have a collection of ex...
Read full
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[blog_title] => Hope for the Best, Prepare for the Worst: Homeowners’ Insurance 101
[blog_description] => Buying a home is a big investment, and you’d probably like to protect that investment. That’s where insurance comes into play. Maybe you live in the Midwest where tornadoes are rampant, or maybe you live in quaint suburbia where, seemingly, nothing ever goes awry. But try to get into this mindset: anything could happen. That is the most basic reason behind homeowners’ insurance and if you don’t know how to get started, we are here to help. Here are three important questions insurance agents are often asked.
Is homeowners’ insurance mandatory?
If your home is financed by a mortgage lender, they may require some type of insurance to protect against natural disasters and unexpected situations. Additionally, if your home is paid off, you have the option of maintaining coverage or dropping your policy completely at your discretion. But from a financial standpoint, it may be wise to continue a policy for asset protection.
What does “Personal Liability” mean?
This is a subset of an insurance plan which covers the cost of damages caused by those included under your policy. If someone decides to take legal action, this section is responsible for the expense of court processes and any judgments found against you (within your policy limits). There are various situations covered under this portion, so be sure to speak with your insurance agent about how much coverage you may need.
What is not covered by homeowners’ insurance?
Certain exclusions apply in all insurance policies. For example, if your car sustains damage while parked at your residence, this claim must be submitted under your auto policy, not your homeowners’ insurance. Also, whereas most natural disasters are covered, not all of them are included. Floods and earthquakes are generally not built into a homeowners’ insurance policy and must be purchased separately.
When it’s time to buy a home, don’t forget to safeguard your assets. If you have questions regarding homeowners’ insurance, contact your local WeInsure agent today.
[meta_title] => Hope for the Best, Prepare for the Worst: Homeowners’ Insurance 101
[meta_description] => Buying a home is a big investment, and you’d probably like to protect that investment. That’s where insurance comes into play. Maybe you live in the Midwest where tornadoes are rampant, or maybe you live in quaint suburbia where, seemingly, nothing ever goes awry.
[featured_image] => 1563981418_1.jpg
[publish_date] => 2019-07-01 11:00:00
[blog_category] => 1
[status] => 1
[date_added] => 2020-01-29 07:32:26
[featured] => https://weinsurehosting.com/assets/featured/1563981418_1.jpg
[blog_categories] => Blog,
)
