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[blog_title] => Everything You Need to Know About Flood Insurance
[blog_description] => Did you know that as many as 90% of natural disasters that occur in the US, involve some kind of flooding? And did you also know that as much as 20% of that flooding often hits areas that are only classed as being of low or moderate flood risk?
While it’s nobody’s intention to worry you unnecessarily if you’re a homeowner in the US, it’s important to understand that homeowner’s insurance policies don’t cover flooding in their standard policies, and if you want to make sure that your home is protected against an eventuality such as a flood, you should learn more about flood insurance protections
The basics of flood insurance:
- Floods are not covered under homeowners and renters’ policies. Only if you have purchased a specific flood insurance policy will your home be covered against any losses incurred due to the unfortunate event of a flood.
- Most flood insurance is administered by the federal government. Under a contract known as FEMA, homeowners and renters can purchase flood coverage from an insurer, whereas federal flood insurance is available in those areas in which the local government has adopted flood plain management regulations under the NFIP; there are many communities who take part in this program.
- Direct physical losses from floods and flood related erosion are covered in a flood insurance policy. Flood related erosion can be that such as is caused by waves or currents of water exceeding their usual cyclical levels, and which may be accompanied by a severe storm, a flash flood, or an abnormal tidal surge.
- To cover the structure and contents of your home, you must buy two separate policies. Your home itself (the building), is covered for replacement cost, but coverage for personal property is only made available on an actual cash basis.
- Coverage amount for the structure of a home is a maximum of $250,000, and $10,000 for the contents. Private insurers offer excess coverage that goes over and beyond the maximums available through a government insurance policy.
- Flood coverage for cars is not included. A standard automobile insurance policy will provide coverage for a car under its optional, comprehensive portion.
What happens if there’s a flood and I haven’t got adequate (if any) coverage?
Unfortunately, if you’re the victim of flooding and your home and/or its contents are damaged or destroyed as a result ad you don’t have a flood insurance policy, then you would probably need a loan to cover those costs. In some communities, and depending upon the severity of the flood, the federal government may make a low-interest loan available as part of a relief package, but of course it needs to be paid back.
There really is only one way to ensure that you don’t lose money if your home gets flooded, and that’s by purchasing a flood insurance policy. To make sure your home is covered should you fall victim to a flood, talk to a professional, private insurance company today.
[meta_title] => Everything You Need to Know About Flood Insurance
[meta_description] => Did you know that as many as 90% of natural disasters that occur in the US, involve some kind
of flooding? And did you also know that as much as 20% of that flooding often hits areas that are
only classed as being of low or moderate flood risk?
[featured_image] => 1602522655_hero_flood.jpg
[publish_date] => 2020-10-09 02:35:00
[blog_category] => 2
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[date_added] => 2020-10-12 13:10:55
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[blog_categories] => News,
)
Everything You Need to Know About Flood Insurance
October 9, 2020
Did you know that as many as 90% of natural disasters that occur in the US, involve some kind of flooding? And did you also know that as much as 20% of that flooding often hits areas that are only classed as being of low or moderate flood risk?
Read full
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[blog_title] => Does Your Business Need Commercial Auto Insurance?
[blog_description] => If you’re running any kind of business, large or small, that frequently uses cars, trucks and vans as part of its everyday operations, then if you haven’t already got commercial auto insurance, you should talk to an insurance professional about purchasing it today.
What is commercial auto insurance?
Commercial auto insurance covers any vehicles used by your business, for a variety of situations not covered by a personal auto insurance policy. It covers many different types of commercial vehicles, such as company cars, commercial trucks, and vans; basically, any vehicle used for business purposes instead of personal.
Do you need commercial vehicle insurance?
If you’re a business owner, you may find that certain usages and vehicle types are excluded from your personal auto insurance policy, and if vehicles are used frequently during the running of your business, then there can be no question that you would benefit from some of the coverages offered by a commercial auto policy. However, it’s not always cut and dried…
What does commercial vehicle insurance typically cover?
There are several differences between your personal auto insurance and that of a commercial vehicle policy, which may include eligibility, definitions, coverages, exclusions and limits. Listed below are some of the coverages of a typical commercial vehicle policy:
- Bodily injury liability coverage – if someone has an accident and is found to be at fault, then this type of coverage pays for bodily injury or death and often provides a legal defense, too.
- Property damage liability coverage – if your vehicle causes accidental damage to someone else’s property, this policy offers you protection and a legal defense.
- Combined single limit (CSL) – this, single limit coverage typically gives separate limits that apply to bodily injury claims for property damage. Whether one person or more, bodily injury or property damage, this policy has the same dollar amount of coverage per covered occurrence.
- Medical payments, no-fault or personal injury coverage – regardless of who was at fault, if your vehicle is involved in a covered accident, this policy usually pays for the driver and passenger’s medical expenses.
- Uninsured motorist coverage – if your vehicle is involved in a hit-and-run incident or is involved in an accident with an uninsured driver, then this policy should pay for any injuries incurred and, in some cases, property damage, too.
- Comprehensive physical damage coverage – if your vehicle is damaged due to theft, vandalism, fire, flood or any other peril covered, then this policy covers those costs.
- Collision coverage – if your vehicle is hit by another object, or hits something, then this coverage pays for any damage incurred.
To ensure that you, your business and any vehicles associated with it, are adequately protected, talk to your insurance provider today about commercial auto insurance…before it’s too late!
[meta_title] => Does Your Business Need Commercial Auto Insurance?
[meta_description] => If you’re running any kind of business, large or small, that frequently uses cars, trucks and vans as part of its everyday operations, then if you haven’t already got commercial auto insurance, you should talk to an insurance professional about purchasing it today.
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[publish_date] => 2020-10-02 02:15:00
[blog_category] => 2
[status] => 1
[date_added] => 2020-10-12 13:04:57
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[blog_categories] => News,
)
Does Your Business Need Commercial Auto Insurance?
October 2, 2020
If you’re running any kind of business, large or small, that frequently uses cars, trucks and vans as part of its everyday operations, then if you haven’t already got commercial auto insurance, you should talk to an insurance professional ab...
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[blog_title] => What Factors Can Affect Homeowners Insurance Rates?
[blog_description] => When looking to insure your home, it’s only natural that you would search for the very best rates possible, but how do you know what might be affecting those rates and if there is anything you might be able to do to lower them, without compromising on the level of protection it affords you?
If you’re confused as to what is making your homeowners insurance rate so high, the following information might be of use:
What is the primary factor that affects a homeowner’s insurance rate?
According to experts, it’s the simple likelihood of a homeowner filing a claim that directly affects insurance rates, and this likelihood is usually referred to as a risk. Determining just what level of risk a homeowner poses, is often done by the insurer having viewed any past home insurance claims the individual may have made, along with any claims related to that property, and the homeowners credit rating.
The frequency of any prior claims and their severity, can play a significant role in determining rates, and if there is more than one claim relating to the same issue, such as storm or water damage, then the risk factor is increased tenfold.
If you want to insure your home but have had multiple claims in the past three to seven years, your insurance premium could skyrocket and put you in a higher pricing tier altogether. There is also the chance that you won’t be eligible for home insurance.
What other factors can affect your insurance rate?
Some other things that might have a significant impact upon the rate of interest for homeowners insurance, include the neighborhood that your home is in, how high the crime rate is in your area, and the availability of building materials should you need to make any structural repairs, all play their own roles in helping to determine the rate of interest you’re offered on your homeowners insurance.
Annual premiums may also be adversely affected by other coverage options, such as deductibles, or added riders for wine, jewelry and works of art etc. While the type of building you live in, what it’s made from and how old it is can also be factored in by risk analysts, along with the type of heating servicing the home, proximity to the coast, presence of a swimming pool, security system and much, much more. You might even be surprised to know that if you have a puppy in your home, your rate of insurance could rise, since young animals have been known to wreak havoc and destroy items when left unattended.
All in all, there are many factors of varying significance that can have an impact upon homeowner’s insurance rates, but talk to your
local insurance specialists, and they’ll work out the best rate for you under the circumstances.
What Factors Can Affect Homeowners Insurance Rates?
September 8, 2020
When looking to insure your home, it’s only natural that you would search for the very best rates possible, but how do you know what might be affecting those rates and if there is anything you might be able to do to lower them, without comprom...
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[blog_title] => Do You Need an Insurance Package for Your Small Business?
[blog_description] => If you own a small business, then you’re going to need some form of insurance for it; some business insurance policies are required by law, while others will undoubtedly help you stay afloat or succeed in the face of an accident or legal claim. However, knowing which package is right for your particular business, may not have such a simple answer, unless, that is, you opt for a small business insurance package:
What is an insurance package?
Convenient and often cost effective, insurance packages work by bundling multiple coverages into one, single policy, meaning that essentially, your business is adequately covered without the need for multiple policies, as is so often the case.
If you’re the owner of a small business and are looking for an insurance package that will cover you for every eventuality, here are some things to take into consideration (for more detailed advice and guidance, talk to an insurance specialist):
- A package policy covers your business if there’s a legitimate interruption to your business, if property damage occurs, or a lawsuit has ensued following bodily injury or property damage to others.
- Insurance for small businesses can, under applicable circumstances, pay legal expenses if liability claims are brought against your business, irrespective of which party is believed to be at fault.
- If you or an employee commits certain offenses during the course of your business, such as slander, libel or copyright infringement in your advertisements, this policy can provide you with coverage for personal and advertising injury.
- Small business insurance can provide replacement cost coverage for buildings and most business owners personal property.
- If you require additional coverage, such as commercial auto, crime, flood or equipment breakdown insurance, this can be added to the policy as and when needed.
What is the most popular small business insurance package?
Combining general liability, property and business income coverage, a BOP, otherwise known as a Business Owners Policy, may provide the right coverage for you if you own a small or mid-sized business.
Conforming with state and federal laws is no laughing matter, and if your business is found to be in violation of any legal insurance requirements, it could be game over for you and the business you’ve worked so hard to build up. With this in mind, you’d be advised to schedule a consultation with a
professional insurance provider today, who can make sure that you and your beloved business, get the protection you both need.
[meta_title] => Do You Need an Insurance Package for Your Small Business?
[meta_description] => If you own a small business, then you’re going to need some form of insurance for it; some business insurance policies are required by law, while others will undoubtedly help you stay afloat or succeed in the face of an accident or legal claim.
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[publish_date] => 2020-09-01 01:05:00
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[status] => 1
[date_added] => 2020-09-09 13:44:29
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[blog_categories] => News,
)
Do You Need an Insurance Package for Your Small Business?
September 1, 2020
If you own a small business, then you’re going to need some form of insurance for it; some business insurance policies are required by law, while others will undoubtedly help you stay afloat or succeed in the face of an accident or legal claim...
Read full
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[blog_title] => Are You Covered For These Common Liability Insurance Claims?
[blog_description] => While most of us don’t anticipate someone having an accident and hurting themselves while on our property, you might be surprised to learn just how often it actually happens. Aside from the risk of harm to the person visiting your property, there are the potential financial repercussions for you, the homeowner, too. If your existing homeowners insurance policy doesn’t have enough liability coverage, then you could be left facing costly medical and/or legal bills.
A
professional insurance advisor can help determine whether the level of protection you currently have with your homeowners insurance policy is good enough to meet your needs.
Here are just a few of the most common liability claims made against homeowners to date:
Dog bites/attacks:
With so many Americans having pets at home, dog bites to visitors can occur regularly, and what legal action you face will depend upon the severity of the attack and the victims relationship with the home owners. A typical homeowners insurance policy covers damages and injuries caused by
pets but note that some breeds are excluded due to the higher level of risk they present. Check with an insurance advisor to see if your policy will cover you adequately.
Accidents at home:
Even if a salesperson comes onto your property uninvited, if they incur an injury due to negligence on your part, such as a faulty flagstone or ice on a walkway, then you may be help liable if you’re found to be at fault. Again, check your policy to make sure you’re covered and consult with a professional if you’re unsure.
Falling trees:
During storm seasons, trees falling and causing damage to property and people are not uncommon, and if you have a tree on your property that falls and damages any of your neighbors property, then you could be held liable.
Injuries to domestic workers:
Many Americans hire domestic workers to help them keep their homes and yards clean and tidy, and while some may have workers compensation insurance to cover them against lost wages and medical payments, if they don’t, then your homeowners policy may be asked to pay the claim should you be found liable for their injuries.
As well as checking your existing homeowners insurance coverage with your provider, you should also check to see if you’re required by law to purchase workers compensation insurance for your domestic workers.
To know more about protecting yourself against common liability claims, check with your
insurance provider for all the latest information and legal requirements, today.
[meta_title] => Are You Covered For These Common Liability Insurance Claims?
[meta_description] => While most of us don’t anticipate someone having an accident and hurting themselves while on our property, you might be surprised to learn just how often it actually happens. Aside from the risk of harm to the person visiting your property, there are the potential financial repercussions for you, the homeowner, too. If your existing homeowners insurance policy doesn’t have enough liability coverage, then you could be left facing costly medical and/or legal bills.
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[publish_date] => 2020-08-06 14:30:00
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[date_added] => 2020-08-10 05:19:09
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[blog_title] => Is Your Personal Property Protected As A Renter?
[blog_description] => While the property you’re currently residing in might not belong to you, as a renter you still face exactly the same risks as someone who owns their own home, and while your landlord may have insurance, it protects only the building and does absolutely nothing to protect your personal belongings. Fires, theft, flooding, accidents and natural disasters can all happen to you in your rented home, and without adequate renters insurance, your belongings are at risk.
What you should do before you purchase renters insurance:
Before talking with an
insurance specialist to get your belongings protected in the event of damage, theft or destruction, you should make a detailed inventory of each and every item that you want the policy to cover. Wherever possible, list each item along with its value and serial number, if you have receipts for larger or more valuable items, it’s a good idea to hang onto them.
What is standard renters insurance?
A standard renters insurance policy will cover you against named perils and offer you liability protection. Some more common examples of named perils found in renters insurance coverage are fire, lightning, wind, smoke, vandalism, theft and falling objects. Liability protection covers injury to another person that occurred on your rented property, and in some cases, might even cover your legal defense costs.
It’s important to note that such natural disasters as floods and earthquakes are not usually on the list of covered items, and if you think your personal belongings are likely to be affected by such an event, then you’d be advised to buy a separate policy.
Renters insurance and additional living expenses:
In the unfortunate event of your rented property becoming uninhabitable due to a covered catastrophe, your renters insurance policy should cover the extra expenses that you may incur while being forced to live elsewhere.
Renters insurance and actual cash value (ACV):
ACV or actual cash value coverage pays out only for what your personal property was valued at when it was damaged or stolen.
Renters insurance replacement cost coverage:
Paying out what it costs to replace the items that you lost (due to damage or theft), minus the deductible, replacement cost coverage will cost you more in premiums, but will also pay out more if you ever need to file a claim.
If you haven’t yet protected your personal property with a renter’s insurance policy, it might be a good time to talk to a
professional insurance agent about the right kind of coverage for your circumstances, before it’s too late.
Is Your Personal Property Protected As A Renter?
August 3, 2020
While the property you’re currently residing in might not belong to you, as a renter you still face exactly the same risks as someone who owns their own home, and while your landlord may have insurance, it protects only the building and does a...
Read full
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[blog_title] => Is Your Vacation Home Covered By Your Homeowners Insurance?
[blog_description] => You might be curious as to whether the insurance policy you hold for your primary home, can help protect your second, or vacation home. In some cases,
homeowner’s insurance can extend to more than one residence, in others, you might need to purchase a separate policy.
Insurance policy Q and A’s for your vacation home:
- If I want to ensure that the structure and contents of my vacation home are always protected, do I need a separate insurance policy? In most cases, the answer is yes.
- Will my lender require me to insure the mortgage on my vacation home? Yes, this often the case.
- Can the liability coverage portion of my existing homeowner’s policy be extended to my vacation home? Yes, some insurers may allow this.
As with any questions you may have about your existing homeowner’s insurance policy, and/or your vacation home, it’s best to check with your insurer, who can give you the most up to date and accurate guidance.
Is insurance for your vacation home any different to that of your primary residence?
In general, vacation homes are deemed to be of a higher risk than primary residences, and this can be due in part to their location. For example, many vacation homes are situated beside lakes or on the beachfront, placing them at a higher risk of such occurrences as flooding or even theft if they’re in an isolated area; naturally, this can mean that coverage costs are also higher.
Are there any limitations upon vacation home coverage?
As most vacation homes are not occupied all year round, the insurance is typically written on a ‘named perils’ basis. This means that your vacation home would only be covered against events that have been specifically named in the policy, such as lightning, damage or theft. If your vacation home, or any of the items inside it, are damaged by some peril that has not been listed in your policy, then it will most likely not be covered. While the perils that may be covered in a standard homeowner’s policy, are likely to be far broader.
It’s important to note that the limited perils coverage may also apply to any other structures that are on the same property as your vacation home, such as sheds, garages or boathouses.
How can you increase the coverage on your vacation home?
You might want to consider adding personal property insurance to your coverage on your vacation home, to enable you to replace certain items should they become damaged or stolen. Be certain to check the policy carefully though, as some personal property may not be covered.
Talking to your insurer about flood insurance or extended protection for a boathouse or similar structure on the site of your vacation home, might be a good idea if you have a lake or seaside home.
Neglecting the insurance coverage on your vacation property, and not ensuring that you’re adequately protected whether you’re in it, or not, could end up costing you thousands of dollars. To avoid this, talk to your insurer today and protect your precious vacation home from as many potentially costly outcomes as possible.
[meta_title] => Is Your Vacation Home Covered By Your Homeowners Insurance?
[meta_description] => You might be curious as to whether the insurance policy you hold for your primary home, can help protect your second, or vacation home. In some cases, homeowner’s insurance can extend to more than one residence, in others, you might need to purchase a separate policy.
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[publish_date] => 2020-07-08 02:55:00
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[date_added] => 2020-07-13 14:34:22
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[blog_title] => What Is Florida’s Minimum Requirement For Auto Insurance?
[blog_description] => If you’re unfortunate enough to be involved in a car accident, your auto insurance policy will help you cover the costs of medical bills, personal property damage and legal fees, and due to its importance, many states hold legal requirements about the amount of insurance you need to carry.
Do all states require auto insurance?
While not all states require their citizens to have specific auto insurance specifications, all of them require that you accept financial responsibility, meaning that you need enough money in assets or savings to pay for any damages that you cause. Naturally, most people don’t have $100,000 sitting around in their bank accounts, making the need for auto insurance, a given.
Many states require you, by law, only to have bodily injury liability and personal property liability, with full coverage not made into a legal requirement by most.
Read on to know more about the minimum auto insurance requirements in Florida:
Bodily injury coverage per person is set at a minimum of $10,000: this is the maximum amount of money that insurers will pay for each person you injure in a car accident.
Bodily injury per accident is set at $20,000: this is the maximum amount of money that your insurer will pay per accident if there was more than one person in the car you hit or caused a collision with.
Property damage per accident is set at $10,000: this is the maximum amount your insurer will pay out to help you repair the damage you have caused.
Which states are at-fault or no-fault, and what is the difference?
Florida is a no-fault state, meaning that no matter who is considered at fault in an auto accident, everyone involved must pay for their damages. States such as Florida, require you to purchase personal injury protection and medical payments coverage. Once you’ve done that, you are free to make the choice to purchase additional coverage.
However, most states are at-fault, which means that whoever is deemed responsible for causing the accident and any ensuing damage, is the one who pays the costs. These states require you to have liability coverage and may also need you to have uninsured motorist coverage, too.
If you only have the minimum coverage required by your state, is it enough?
If you’re involved in a serious car accident, one in which people are grievously injured or whose death is caused as a result, then there’s every chance your states minimum requirements wouldn’t cover the medical and/or funeral costs. Not only that, but if litigation costs ensue, your liability coverage could quickly diminish.
Many people purchase only what is minimally required of them by their state, and while that may prove enough for some, is it worth taking the risk?
With many insurers offering attractive insurance premiums, discounts and deals, it might be worth talking to your
insurer to check that you have ample coverage in case of an accident, which let’s face it, can happen to any one of us, at any time.
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[blog_title] => What Is A Business Owners Policy And Do You Need One?
[blog_description] => If you’ve recently started your own business, or are just thinking about it, you will need to carefully consider the type of insurance you’ll require to give you adequate protection. There is little doubt that you’ll need basic coverage at the very least, such as general liability, property and business interruption, but it can be beneficial and cost effective to purchase a package that includes them all. Known as BOP’s, or Business Owners policies, these are often more
manageable and cost effective than buying separate insurance policies, and most can be customized, too.
Here’s more about what a standard BOP will provide you with as part of its’ coverage:
- The cost of damage claims made against you involving people or property, and this can include medical expenses, repairs, replacement costs, legal fees and any compensation should you be found to be at fault.
- Damage caused by covered disasters to buildings and/or contents, such as fire or theft. Property insurance covers owned or rented properties, and some other items of value and/or importance such as computers, telephones and other business equipment. If you have additional items you wish to be covered, then those can simply be added to the policy.
- Losses to finances should something unforeseen prevent your business from operating, and this can include loss of income, costs associated with moving, fees for the hiring of equipment and any extra rent payments you had to make if you were forced to temporarily (or permanently) relocate.
- Repairs of equipment or replacement costs should it be beyond repair, with the option to add coverage for the following:
The cost of claims made against you, by employees, and this can include wrongful termination and sexual harassment to name but a few.
Costs incurred while recovering from a breach in data, which can include investigation costs and those associated with informing customers, fixing systems and paying government fines etc.
Do you need a business owners policy?
If you’re running your own business from home or another location, have the potential to face legal action from a customer or employee, and have valuable assets that need to be protected, then a BOP might prove the safest and most cost-effective option.
While BOP’s are not required by law, liability insurance often is, and your customers may require that you have it; fortunately, this is included as a standard feature of every BOP.
If your business premises are rented, then your landlord may require proof of your property insurance coverage before they allow you to sign the lease, and as with liability insurance, this is included as standard with a BOP.
As a small business owner without the right protection, you could see your profits wiped out and your entire livelihood disappear if faced with a claim made against you; it simply isn’t worth the risk. You’ve worked hard to get where you are, so why not protect all that hard work with the right insurance policy?
[meta_title] => What Is A Business Owners Policy And Do You Need One?
[meta_description] => If you’ve recently started your own business, or are just thinking about it, you will need to carefully consider the type of insurance you’ll require to give you adequate protection. There is little doubt that you’ll need basic coverage at the very least, such as general liability, property and business interruption,
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[publish_date] => 2020-06-09 06:35:00
[blog_category] => 1
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What Is A Business Owners Policy And Do You Need One?
June 9, 2020
If you’ve recently started your own business, or are just thinking about it, you will need to carefully consider the type of insurance you’ll require to give you adequate protection. There is little doubt that you’ll need basic coverage at...
Read full
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[blog_title] => Does Your Small Business Insurance Cover You Against Looting?
[blog_description] => Looting and the causing of criminal damage to other people’s properties has been in the headlines again recently, as protesters took to the city’s streets worldwide, in support of the BlackLivesMatter movement. For some out to cause wonton destruction and steal from unsuspecting business owners, they were indiscriminate and targeted business of all sizes.
But no matter the cause, looting remains a criminal act, and one that in these already trying times, can have a devastating impact upon business owners already hard hit by the global health pandemic.
While some shop owners chose to staunchly protect their businesses and remain on site to deter the looters with their physical presence, this is a dangerous approach and one that can have deadly consequences. So, if you don’t physically protect your shop from looters, what else can you do to keep it safe from harm?
Some insurance policies cover losses from merchandise theft and destruction of property, and getting the right coverage could be the safest and most effective way to protect your livelihood.
Does your small business have adequate coverage in the event of looting?
While most BOP’s provide coverage for property damage and loss, and many businesses must have basic insurance to meet the requirements of their lease, it’s often left up to the owners themselves to choose how much insurance they want to buy. How much coverage is needed will depend largely upon the type of business, the inventory value and how much savings the business owner has.
To know if your policy provides you with insurance against looting, it might be best to talk directly to your provider, who can upgrade your policy if necessary. Note that if your business doesn’t hold an insurance policy to cover your inventory and equipment, then any losses from an incident of looting would come out of your pocket.
If your business has been looted, what should you do?
Due to the chaos and uncertainty caused by the ongoing pandemic, some insurers have been ordered to refund part of their commercial premiums for those businesses affected by covid-19, and in some cases, grace periods for paying premiums were put in place. If your business has been the victim of an incident of looting, or to know whether you might be entitled to a premiums rebate or grace period, contact your insurance provider at the earliest.
There are many risks that your business may become exposed to, no matter where it is or what you may be selling, and if you don’t already have adequate insurance, you should make it a priority. Looting is just one way in which your business can end up costing you your hard-earned money, and while you may think it will never happen to you, the latest riots and protests have proved that criminals and vandals are often indiscriminate, and that anyone can become a victim.
[meta_title] => Does Your Small Business Insurance Cover You Against Looting?
[meta_description] => Looting and the causing of criminal damage to other people’s properties has been in the headlines again recently, as protesters took to the city’s streets worldwide, in support of the BlackLivesMatter movement.
[featured_image] => 1591752958_executive-business-woman-office_1303-16028.jpg
[publish_date] => 2020-06-03 07:35:00
[blog_category] => 2
[status] => 1
[date_added] => 2020-06-09 21:35:58
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[blog_categories] => News,
)
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[blog_title] => What Impact Has Covid-19 Had Upon Homeowners Insurance?
[blog_description] => The current health crisis has affected us all in myriad different ways, and many of us have unanswered questions related to a wide range of industries. The insurance industry has of course been impacted upon by Covid-19, and you might have some questions about how it has affected your homeowner insurance. Here are some of those questions answered:
Do I need to buy more homeowners coverage because of the pandemic?
It would be wise under the current circumstances, to reach out to your insurance provider for a review of your existing policy. Homeowners insurance doesn’t cover pandemic exposure, but if your circumstances have changed as a result of Covid-19, then you might require additional coverage.
Covid-19 won’t have affected the structure of your property, but if you’ve been working from home – and may continue to do so for the foreseeable future – then reassessing your coverage of personal property and of liability, makes a lot of sense.
How might Covid-19 affect my home insurance claim?
The advice given by experts is to file your claim if you have one but be prepared to wait longer than usual for it to be processed. With social distancing measures in place, many insurers have closed their office doors to the public and are now using a variety of digital tools to process and pay claims.
What about the cost of my homeowner’s insurance?
Experts continue to predict that the cost of a homeowners’ insurance policy will not see any significant changes in the future, but again, a conversation with your insurance agent might help clarify the issue for you.
What do I do if I can’t afford to pay my insurance because of the virus?
There are several options available if you find yourself unable to pay your homeowners premium and checking with your states Department of Insurance to see if they’ve offered any assistance, might be your first port of call. Some insurance providers are also offering support for their clients struggling to make payments, so reaching out to them would also be advisable.
However, the most important thing to keep in mind is that you should avoid simply not making a payment; this could have a drastic effect on your policy and cause you to be unprotected in the event of an incident or emergency. Your insurance provider will be there to advise you, and while this currently can’t be done in person, all are available online or on the telephone during these difficult times.
Many industries are experiencing changes to the way they usually do business, but by being patient and understanding that we are all simply trying to do our best, you’ll get the help and advice you need if you have any questions about your homeowners insurance coverage.
[meta_title] => What Impact Has Covid-19 Had Upon Homeowners Insurance?
[meta_description] => The current health crisis has affected us all in myriad different ways, and many of us have unanswered questions related to a wide range of industries. The insurance industry has of course been impacted upon by Covid-19, and you might have some questions about how it has affected your homeowner insurance.
[featured_image] => 1588834246_1584636518_Corona.jpg
[publish_date] => 2020-05-07 12:15:00
[blog_category] => 2
[status] => 1
[date_added] => 2020-05-07 02:50:46
[featured] => https://weinsurehosting.com/assets/featured/1588834246_1584636518_Corona.jpg
[blog_categories] => News,
)
What Impact Has Covid-19 Had Upon Homeowners Insurance?
May 7, 2020
The current health crisis has affected us all in myriad different ways, and many of us have unanswered questions related to a wide range of industries. The insurance industry has of course been impacted upon by Covid-19, and you might have some ...
Read full
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[blog_title] => How Covid-19 Might Affect Your Auto Insurance
[blog_description] => As with some other types of insurance, Covid-19 won’t necessarily have an impact upon your auto policy, but you might find yourself struggling to keep up with the payments. If this is the case for you, there are a couple of things you can do to ease the financial burden, and one thing you mustn’t do:
Do NOT cancel your auto coverage:
Unless you plan on giving up your car, you should hold on to your insurance coverage, as simply cancelling it can have several implications:
- You will not be covered for any losses
- Auto insurance is a legal requirement of most states before you can drive
- You could face higher premiums if you have a gap in your coverage
- Often, you will incur a cancellation fee or other associated costs
Increasing your deductible might be an option:
By increasing your deductible – the amount of money you agree to pay out before coverage kicks in – you may be able to reduce your premium. However, you’ll need to assess the risk associated with doing so, by balancing out your need to reduce costs now, with the potential cost should you have an incident involving your car.
Lowering your liability:
While this will make a smaller difference to your monthly premium than increasing your deductible, it could be an option if you really need to be mindful of costs currently.
Changing to a usage-based plan:
Many of us are driving a lot less under the current circumstances, making switching to a usage-based policy, a potentially smart move. This type of coverage depends upon driving data usually gathered from apps on smartphones, to assess how much you’ll need to pay for your coverage.
If you’re considering making any changes to your auto insurance, it’s strongly recommended that you speak to your provider before taking any action.
How will Covid-19 affect insurance claims?
A lot will depend upon each individual insurance provider and how they’re currently managing their claims. Since offices have been forced to close, all claims are being processed digitally, and if your chosen provider doesn’t have the latest tech to cope with this change to proceedings, then claims could take considerably longer than usual.
What if you can’t afford to pay your auto insurance?
This may well be a common problem, at least until the current situation changes and more of us can get back to work, and while it of course isn’t good news for auto insurance companies, it might be an unavoidable reality for their customers. As is the advice for anyone experiencing issues with their insurance - and for any reason - call up your insurer and talk to them directly to see if a solution is available.
Since this situation is out of all our hands, it’s important that customers continue to communicate with their insurers and that both parties work together to find solutions wherever possible. And no matter how tempting it may be, do NOT simply cancel your auto insurance policy, as this could leave you dangerously unprotected.
[meta_title] => How Covid-19 Might Affect Your Auto Insurance
[meta_description] => As with some other types of insurance, Covid-19 won’t necessarily have an impact upon your auto policy, but you might find yourself struggling to keep up with the payments. If this is the case for you, there are a couple of things you can do to ease the financial burden, and one thing you mustn’t do:
[featured_image] => 1588917179_Corona.jpg
[publish_date] => 2020-05-07 11:15:00
[blog_category] => 2
[status] => 1
[date_added] => 2020-05-08 01:54:36
[featured] => https://weinsurehosting.com/assets/featured/1588917179_Corona.jpg
[blog_categories] => News,
)
How Covid-19 Might Affect Your Auto Insurance
May 7, 2020
As with some other types of insurance, Covid-19 won’t necessarily have an impact upon your auto policy, but you might find yourself struggling to keep up with the payments. If this is the case for you, there are a couple of things you can do t...
Read full
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[blog_title] => Content Coverage For Renters; Which Policy Do You Need?
[blog_description] => If you’re a renter, you may be wondering what type of insurance you need and what your coverage should include. Here are some of the categories that you may find useful when weighing up the costs and benefits of content coverage as a renter:
Top-Tier policies:
These low deductible policies with high coverage limits are intended to reduce your financial exposure to a total loss, along with minimizing itemized losses on items of a higher value. These do come with higher premiums than national averages, but you are granted more peace of mind
when you purchase one of these policies.
If you have some items in your possession that are of high value, a top-tier policy may be required, but be sure to check that your chosen policy adequately covers these items, and your insurance provider can help you with this.
Family policies:
With low to moderate deductibles and high limits of coverage, these policies are ideal for families or couples of middle-class standing who have no plans to cease renting in the immediate future. Those who choose this type of coverage typically have lots of items they need to protect but cannot afford (or are not willing to pay for) top-tier coverage.
If you’re part of a growing family, it might be sensible to add an emergency fund to this type of policy.
Middle-Of-The-Road policies:
This type of policy is popular among the younger community of upwardly mobile renters who have relatively highly paid jobs, but who don’t own many items of great value and have not yet started a family. With larger deductibles and lower coverage limits, this policy can be useful for protecting certain things such as electronic equipment, clothing and other items that may be valuable to the individual, but which do not have a high financial value.
As with a family policy, it might pay to complement this policy with an emergency fund.
Low Cost policies:
Low cost insurance policies are a good choice for those on a lower income, such as students or recent graduates. For those with no possessions of a particularly high value, and who won’t be financially devastated if they are forced to replace certain items, a low-cost policy is like a ‘catastrophic’ health insurance policy and comes with high deductibles and low coverage limits. While this type of policy might not enable the individual to replace many items in one go, with an emergency fund, it should prove more than adequate.
Talk to your insurance provider about what type of coverage would best suit your current needs and ensure that you carefully and closely examine your circumstances and priorities.
[meta_title] => Content Coverage For Renters; Which Policy Do You Need?
[meta_description] => If you’re a renter, you may be wondering what type of insurance you need and what your coverage should include. Here are some of the categories that you may find useful when weighing up the costs and benefits of content coverage as a renter:
[featured_image] => 1586239260_hero_renters.jpg
[publish_date] => 2020-04-07 11:20:00
[blog_category] => 1
[status] => 1
[date_added] => 2020-04-07 02:01:00
[featured] => https://weinsurehosting.com/assets/featured/1586239260_hero_renters.jpg
[blog_categories] => Blog,
)
Content Coverage For Renters; Which Policy Do You Need?
April 7, 2020
If you’re a renter, you may be wondering what type of insurance you need and what your coverage should include. Here are some of the categories that you may find useful when weighing up the costs and benefits of content coverage as a renter:
Read full
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[blog_title] => Reviewing Your Home Insurance In Light Of Covid-19
[blog_description] => With more and more Americans forced to spend an inordinate amount of time in their homes than would usually be the case, the chances of needing to file insurance claims may also increase. Wear and tear, especially when incurred over an intensified time frame, could lead to property damages, not to mention an increased risk of bodily harm as more individuals use home delivery options. Imagine if someone delivering food or supplies to your door, slips on your
porch during inclement weather and breaks a limb or injures themselves in any way. Your liability coverage may never have been so important.
But what if, under the current circumstances, someone claims that they caught the potentially deadly virus while in your house?
Could you be held liable for someone else getting infected?
While this may seem ludicrous, it’s worth giving some thought to the issue, and seeking professional advice as to where you stand from a legal perspective should someone claim that they caught Covid-19 while in your property.
However, this question may not need to be answered by the providers of home and renters’ insurance, since many policies already contain virus and pathogen exclusions, which could apply to such types of coverage as liability, loss of use and physical damage.
When all is said and done though, these are unique times and unique circumstances that none during our lifetime have previously faced, so it pays to be cautious and avoid complacency. Experts advise homeowners and renters to use this time to review their insurance needs and check that they have the right levels of coverage for their individual needs.
Use the time to evaluate your coverage:
Check back through your policy - whether you’re a homeowner or someone who is currently renting a property - and if you are unsure as to whether you have the correct coverage for your circumstances: reach out to your service provider. While most, if not all businesses including insurance companies, are working from their homes instead of their offices, you can still call them or chat online to discuss your policy.
Having an honest discussion with your insurance provider could help you be certain that you have enough coverage in the event of something untoward happening during the current health crisis, and to be honest, it’s never a bad idea to review your coverage anyway, so take this opportunity to do so for some extra peace of mind.
[meta_title] => Reviewing Your Home Insurance In Light Of Covid-19
[meta_description] => With more and more Americans forced to spend an inordinate amount of time in their homes than would usually be the case, the chances of needing to file insurance claims may also increase. Wear and tear, especially when incurred over an intensified time frame, could lead to property damages, not to mention an increased risk of bodily harm as more individuals use home
[featured_image] => 1586240539_business-financing-banking-concept_34936-307.jpg
[publish_date] => 2020-04-02 11:45:00
[blog_category] => 1
[status] => 1
[date_added] => 2020-04-07 02:22:19
[featured] => https://weinsurehosting.com/assets/featured/1586240539_business-financing-banking-concept_34936-307.jpg
[blog_categories] => Blog,
)
Reviewing Your Home Insurance In Light Of Covid-19
April 2, 2020
With more and more Americans forced to spend an inordinate amount of time in their homes than would usually be the case, the chances of needing to file insurance claims may also increase. Wear and tear, especially when incurred over an intensifi...
Read full
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[blog_title] => COVID-19 UPDATE from WeInsureMiami.com
[blog_description] => Our priority is the health and well-being of our clients, staff, family and friends and we hope and pray that this serious event is resolved as quickly as possible. WeInsureMiami.com is implementing social distancing and work from home policies.
To that end, in office meetings will NOT be available until further notice.
Our team will continue to work diligently on all payroll, tax and accounting matters and will continue to conduct business as usual, with the exception of in office meetings.
Should you have any questions or concerns regarding your tax, payroll or accounting matters, please call us at 786-623-2123, text us at 786-614-9205, or email at michael.martin@weinsuregroup.com or ralf.heyer@weinsuregroup.com.
[meta_title] => COVID-19 UPDATE from WeInsureMiami.com
[meta_description] => Our priority is the health and well-being of our clients, staff, family and friends and we hope and pray that this serious event is resolved as quickly as possible. WeInsureMiami.com is implementing social distancing and work from home policies.
[featured_image] => 1584636518_Corona.jpg
[publish_date] => 2020-03-13 13:10:00
[blog_category] => 2
[status] => 1
[date_added] => 2020-03-19 12:58:00
[featured] => https://weinsurehosting.com/assets/featured/1584636518_Corona.jpg
[blog_categories] => News,
)
COVID-19 UPDATE from WeInsureMiami.com
March 13, 2020
Our priority is the health and well-being of our clients, staff, family and friends and we hope and pray that this serious event is resolved as quickly as possible. WeInsureMiami.com is implementing social distancing and work f...
Read full
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[blog_title] => What Does Homeowners Insurance Typically Cover?
[blog_description] => While almost every homeowner’s insurance policy is different, there are some things that most have in common, and here we look at those in a little more detail:
What is typically covered in a standard homeowner’s insurance policy?
Most policies cover a wide range of possible damages, along with coverage for your physical dwelling and other structures such as garages, sheds and driveways, and personal property is generally accounted for, too. If you’re running a business anywhere on your property though, a standard homeowner’s insurance policy may not cover many aspects of that. Personal property coverage is sometimes referred to as ‘contents insurance’, and may be limited to certain high-value items such as jewellery or artwork.
Let’s look in a little more detail at some of the different types of coverage included in homeowner’s insurance policies:
Fire coverage:
Fires in the home can cause a lot of damage, and almost every policy protects structures and belongings in the event of a house fire. In the case of a home being destroyed by a fire and becoming inhabitable, standard policies cover extra expenses such as additional living costs and restaurant bills.
Natural disaster coverage:
Not all the natural disasters are covered by a standard homeowner’s insurance policy, but damage caused by lightning, thunderstorms, hurricanes and hail are usually covered. For more detailed information about other natural disasters that may not be covered, speak to a professional insurance expert who can assess the risk of certain events occurring in your region, and better advise you as to what your policy should include.
Flood coverage:
If your home has been flooded due to weather related events, then a standard policy will probably not cover you, and if you live in a flood prone zone, it might be worth investing in extra coverage to ensure that you’re protected in the event of a flood that damages your home. If you’ve had a pipe burst or a toilet overflow, on the other hand, most standard policies will cover you for this.
Vandalism coverage:
Coverage that includes an all-risks or all-perils policy should cover you in the event of vandalism to your home, unless it has been specifically excluded. If your property has been vacant for some time, it may not be covered unless it still contains your personal property, or the property of whomever owns the insurance policy.
Personal injury:
If an injury occurs to someone else while they’re on your property in which you are liable, then a standard homeowner’s policy will cover this. This might include an event such as someone slipping on ice that’s on your front walk or falling and hurting themselves because of a missing or broken step, for example. You might want to talk to an insurance provider as to exactly what your coverage includes as it is usually limited to a certain dollar value.
If you’re looking for coverage that protects you against more than just the basics, talk to an insurance expert today to make sure that you’re fully protected, before it’s too late.
[meta_title] => What Does Homeowners Insurance Typically Cover?
[meta_description] => While almost every homeowner’s insurance policy is different, there are some things that most have in common, and here we look at those in a little more detail:
[featured_image] => 1583776361_hero_property.jpg
[publish_date] => 2020-03-06 23:05:00
[blog_category] => 1
[status] => 1
[date_added] => 2020-03-09 13:52:41
[featured] => https://weinsurehosting.com/assets/featured/1583776361_hero_property.jpg
[blog_categories] => Blog,
)
What Does Homeowners Insurance Typically Cover?
March 6, 2020
While almost every homeowner’s insurance policy is different, there are some things that most have in common, and here we look at those in a little more detail:What is typically covered in a standard homeowner’s ...
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[blog_title] => What Are Your Coverage Options When Choosing An Auto Policy?
[blog_description] => Insurance coverage for automobiles is typically split into 3 main components, and these are liability coverage, comprehensive coverage and collision coverage. To get the right insurance policy for you and your automobile, you need to understand each of these fully, and here they are in a little more detail, along with additional coverage options that can be added to most standard policies:
Liability coverage:
If you cause damage to someone else or their property while behind the wheel, then this policy will protect you financially. It’s generally split in to separate provisions, such as property damage liability and personal liability. Simply put, liability coverage means that your insurance company will pay to replace any damaged property, pay to make repairs to someone’s car or replace it if you’ve damaged it, or pay medical costs or loss of earnings to the victim of an
accident that you caused.
This coverage also protects you if someone else decides to sue you and will cover the cost of legal bills or lawsuit settlements up to the limits of your coverage.
Comprehensive coverage:
If your vehicle has been damaged by vandalism, fire, flood, a natural disaster or by anything that wasn’t incurred as the result of an accident, then this type of coverage will pay the repair costs. If your car is stolen, then this coverage will pay to replace it.
Collision coverage:
If you’ve caused an accident or had a collision while in your vehicle, then collision coverage will pay to replace it. If you don’t have collision coverage as part of your policy, then your liability coverage will only pay for the victims of the accident damages and will not help with the cost of replacing your vehicle.
This type of coverage can of course send the cost of your policy skyward, so it should only be purchased if you know that your car is worth enough to you to make paying the added premiums worthwhile.
Uninsured/underinsured motorist coverage:
If you’re injured or your vehicle is damaged by someone who doesn’t have enough insurance to cover the associated costs, then this policy will protect you. It can also offer you financial protection should you be unfortunate enough to be the victim of a hit-and-run incident.
Personal injury protection:
If you’re involved in an accident in your automobile, then this provision will cover the cost of any ensuing medical bills that you, passengers or others in your family incurred as a result. If you already have medical insurance, then you may not need to add this provision to your policy.
Most insurance providers also give other provisions that may be added to standard policies, such as if you want rental car coverage, roadside assistance or towing coverage. To help you understand and evaluate which type of coverage you need, speak to an insurance professional about the various options available to you.
[meta_title] => What Are Your Coverage Options When Choosing An Auto Policy?
[meta_description] => Insurance coverage for automobiles is typically split into 3 main components, and these are liability coverage, comprehensive coverage and collision coverage.
[featured_image] => 1583776700_hero_auto.jpg
[publish_date] => 2020-03-03 01:20:00
[blog_category] => 2
[status] => 1
[date_added] => 2020-03-09 13:58:20
[featured] => https://weinsurehosting.com/assets/featured/1583776700_hero_auto.jpg
[blog_categories] => News,
)
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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...
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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
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[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
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[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
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[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:...
Read full
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[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...
Read full
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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.
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[publish_date] => 2019-09-05 11:15:00
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[date_added] => 2020-01-29 05:31:21
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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.
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[publish_date] => 2019-07-03 11:25:00
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[date_added] => 2020-01-29 06:42:15
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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
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[status] => 1
[date_added] => 2019-07-24 11:17:19
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[blog_categories] => Blog,
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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
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[blog_categories] => Blog,
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