stdClass Object ( [id] => 276 [franchise_id] => 105 [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:
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.
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.
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.
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.
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.
February 10, 2020
stdClass Object ( [id] => 275 [franchise_id] => 105 [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:
February 3, 2020
stdClass Object ( [id] => 262 [franchise_id] => 105 [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:
January 9, 2020
stdClass Object ( [id] => 261 [franchise_id] => 105 [blog_title] => Do You Need Flood Cover In Your Home Insurance Package? [blog_description] => With global warming becoming a huge and growing concern for everyone, no matter where you live in the U.S., it’s time that we face the reality and prepare ourselves for every environmental eventuality, including flooding.
Even if drastic efforts to tackle global warming are brought in today, around 350,000 homes state-wide are already constructed on land that is known to be at risk from flooding, and if no urgent steps are taken, this figure is set to increase to 385,000. Many of these homes are in major metropolitan coastal areas such as New York City, Miami Beach and the Bay Area, and where real estate prices are higher.
So, with the threat of flooding on the increase and many homes at risk of damage or complete destruction, perhaps it’s time you thought about including flood cover in your home insurance policy:
I don’t live in a flood risk area; do I need flood cover?
While most associate flooding with intense or prolonged rainstorms, it’s important to remember that other weather conditions can also cause flooding, such as melting snow or a severe coastal storm surge. Statistics show that 1 in 5 flood insurance claims comes from a homeowner living in an area not classified as being at a low or medium risk.
Doesn’t my home insurance policy cover flood damage?
In short, no, not usually. If groundwater rises and floods your home, causing damage and often leaving it uninhabitable for weeks if not months to come, your standard home insurance policy will not give you any, or adequate protection.
What parts of the home are covered by flood insurance?
In general, most areas of a standard home will be covered by the flood insurance policy. While basements may require extra protection, the core parts of your home such as the foundations and those systems that keep it running, are covered, as are appliances, carpeting and personal belongings.
How much will flood insurance cost?
Fortunately for the consumer, unlike most other insurance packages, flood insurance costs the same no matter who, or where you purchase it from. This is because the federal government backs a national program via the National Flood Insurance Program, meaning that wherever you are in America, your insurance plan is coming from the same place, keeping the price the same.
While we would all prefer not to have to cover our homes and possessions from the risk of natural disasters or any other types of events that can cause our homes to flood, the reality is that the risk is always there wherever you live, and whatever type of home you live in. To make sure that you’ve got all the coverage you need in case of a potentially devastating event such as a flood, book an appointment with a qualified and reputable insurance firm today. [meta_title] => Do You Need Flood Cover In Your Home Insurance Package? [meta_description] => With global warming becoming a huge and growing concern for everyone, no matter where you live in the U.S., it’s time that we face the reality and prepare ourselves for every environmental eventuality, including flooding. [featured_image] => 1578313270_Home Insurance Package.jpg [publish_date] => 2020-01-03 16:30:00 [blog_category] => 2 [status] => 1 [date_added] => 2020-01-28 07:48:53 [featured] => https://weinsurehosting.com/assets/featured/1578313270_Home Insurance Package.jpg [blog_categories] => News, )
January 3, 2020
stdClass Object ( [id] => 260 [franchise_id] => 105 [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:
December 11, 2019
stdClass Object ( [id] => 259 [franchise_id] => 105 [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:
December 9, 2019
stdClass Object ( [id] => 252 [franchise_id] => 105 [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:
November 8, 2019
stdClass Object ( [id] => 251 [franchise_id] => 105 [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, )
November 6, 2019
stdClass Object ( [id] => 245 [franchise_id] => 105 [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, )
stdClass Object ( [id] => 246 [franchise_id] => 105 [blog_title] => The Lowdown On Home Insurance [blog_description] =>Home insurance can give you the peace of mind that you need after purchasing a new property, which was doubtless not an entirely stress-free process, as it invariably never is! Covering damage to your property, risk of liability and protecting you against any legal claims, home insurance is essential for any homeowner. However, not all policies offer the same coverage:Which insurance policy might be best for you and your home?There are multiple types of policy options when it comes to protecting your home, just as there is with any other type of insurance. Here are the main ones in more detail:
This limited policy covers 10 perils (such as fire, vandalism, lightning or an explosion, to name but a few) compared to the 16 covered under equally affordable standard policies. Not including personal liability for injuries incurred while on your property, or automatically covering your belongings, a lot of mortgage companies don’t think these give as much coverage as is needed.
Usually covering all 16 named perils, this insurance is on the basic side with lower premiums and a lower level of coverage, but it is a ‘named peril’ policy, meaning that damage caused by events other than those listed on your policy, will not usually be covered.
Covering all disasters except those that are specifically excluded, this type of policy is perhaps the most popular one and protects you against any and all perils that are not specifically mentioned in the exclusions. This policy also covers attached structures, such as a deck or a garage, plus your belongings, and includes personal liability coverage should you accidentally injure someone or damage their property. That said, what is not covered, will depend on your specific policy.
Aimed at renters, this coverage protects your belongings against all 16 perils, but will not cover the building that you live in, as the landlord is responsible for that. If someone is injured in your home, or you need to pay for alternative accommodation while your landlord repairs or renovates the property, most HO-4 policies provide you with liability insurance.
If your home is new or in excellent condition, then this more comprehensive version of the HO-3 policy will be available to you provided you live within close distance of fire protection services. This coverage protects you financially against all perils unless they’re specifically excluded in writing and gives you better protection for your personal belongings than a HO-3.
Much like renter’s insurance, this condo or co-op policy covers the personal property of condo owners against all 16 perils and usually includes liability insurance. This coverage typically extends to the walls, ceilings and floors of your residence, while the building itself would be insured by the association.
This type of policy is for mobile or manufactured homes.
Designed to insure older properties, this coverage is like an HO-3 but has special elements to better protect older homes. Historic and registered landmark homes often have this type of coverage.
October 2, 2019
stdClass Object ( [id] => 238 [franchise_id] => 105 [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:
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.
Businesses have folded over lawsuits or liability claims, and without appropriate insurance, yours could face this, too.
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.
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.
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.
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.
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.
September 5, 2019
stdClass Object ( [id] => 221 [franchise_id] => 105 [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.[meta_title] => Becoming Well-Versed in Auto Insurance [meta_description] => Advertisements for low-cost insurance may intrigue you, but remember: the price of your auto policy is never as important as being an informed consumer. [featured_image] => 1563981459_3.jpg [publish_date] => 2019-07-03 11:25:00 [blog_category] => 1 [status] => 1 [date_added] => 2020-01-29 06:42:15 [featured] => https://weinsurehosting.com/assets/featured/1563981459_3.jpg [blog_categories] => Blog, )
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 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.
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!
stdClass Object ( [id] => 220 [franchise_id] => 105 [blog_title] => Business Insurance Basics [blog_description] => When you own a business, there are multiple processes and procedures that must be followed. If you manage employees, their safety and security should be taken into consideration at all times. For a large company, you may have a collection of expensive equipment on hand that could bring business to a halt if damaged by a disaster. But no matter the size of your organization, no one is immune to accidental injury. Here’s what you need to know about covering these under a business insurance policy.
Worker’s Compensation Insurance
If an employee slips and falls on the premises, injures themselves while lifting a heavy box, or maybe becomes ill due to exposure to harsh chemicals, what do you do? Worker’s Compensation Insurance is available to protect businesses and employees after work-related illness or injury. Benefits could include payment for lost wages, emergency and ongoing medical care, or physical therapy, to name a few. In most states, a Worker’s Compensation Insurance policy is required for a business to operate.
Commercial Property Insurance
A pipe burst in your warehouse and no one was around to hear it. Did it make a sound? Probably, but it definitely damaged some equipment and important documents during the flood. Commercial Property Insurance is essential to a Business Owner’s Policy (BOP) for situations such as these. From computers and inventory to store signs and fence posts, your policy coverage can span from the inside of your building to the immediate perimeter. You developed this company from the ground up, so protecting your investments with a material-based policy may be a sensible decision.
Business Liability Insurance
Accidents happen, it’s true. But what if a customer or client is injured on your property? Does that make you liable? Business Liability Insurance—also called General Liability Insurance—covers you against claims that are made against you for injuries sustained during regular business procedures. This policy could also cover you against claims of property damage and advertising offenses such as libel or slander.
If you’re a businessowner looking to preserve the security of your company and its employees, WeInsure is here to help you. Contact a local agent today![meta_title] => Business Insurance Basics [meta_description] => When you own a business, there are multiple processes and procedures that must be followed. If you manage employees, their safety and security should be taken into consideration at all times. [featured_image] => 1563981439_2.jpg [publish_date] => 2019-07-02 05:25:00 [blog_category] => 1 [status] => 1 [date_added] => 2019-07-24 11:17:19 [featured] => https://weinsurehosting.com/assets/featured/1563981439_2.jpg [blog_categories] => Blog, )
stdClass Object ( [id] => 219 [franchise_id] => 105 [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.[meta_title] => Hope for the Best, Prepare for the Worst: Homeowners’ Insurance 101 [meta_description] => Buying a home is a big investment, and you’d probably like to protect that investment. That’s where insurance comes into play. Maybe you live in the Midwest where tornadoes are rampant, or maybe you live in quaint suburbia where, seemingly, nothing ever goes awry. [featured_image] => 1563981418_1.jpg [publish_date] => 2019-07-01 11:00:00 [blog_category] => 1 [status] => 1 [date_added] => 2020-01-29 07:32:26 [featured] => https://weinsurehosting.com/assets/featured/1563981418_1.jpg [blog_categories] => Blog, )
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.
July 1, 2019