is Personal Lines insurance?
When insurance is focused on
protecting the financial interests of an individual or family, rather
than a corporate or non-profit entity, it is considered to fall
within the personal lines of insurance. There are many different
types of protection offered within personal lines. These include:
Home insurance: This is a policy designed to assist with
expenses related to certain hazards, such as fire, hurricane and
theft, which can devastate or damage a home or its contents. Home
insurance also covers the liabilities homeowners have so that when
someone is hurt on their property, they can rely on their policy for
medical costs, legal costs and damages.
Auto insurance: Required by law in most states, auto
insurance provides protection to both vehicle owners and individuals
who are injured or experience property damage at the hands of
drivers. Auto insurance policies can be structured to cover the
damages of the insured’s vehicle through comprehensive and
collision coverage as well as uninsured/underinsured motorist
coverage. A policy must also meet the minimums of each state’s
laws by providing bodily injury and property damage liability
coverage that protects those who might be unintentionally injured or
damaged by the insured.
Renters insurance: When renting an apartment, an individual
may not need to provide insurance to protect the structure itself,
but they do need coverage for their personal contents since the
landlord does not cover those. Additionally, they should secure
liability insurance to cover medical costs and damages in the event
a visitor is injured while in their apartment.
Umbrella policies: When the liability limits of other
personal policies aren’t enough, individuals can purchase an
umbrella policy to provide $1 million or more in additional
liability coverage. Just one umbrella policy effectively increases
the liability limits of each of the insured’s other policies.
What is commercial property
Businesses have many physical assets,
including buildings, computers, specialized equipment, outdoor
signage and inventory. If a fire, storm or thief were to damage or
steal these assets, a business may have to go through a recovery
process before their doors can open once more.
Without adequate commercial property
coverage, approximately a quarter of businesses fail during the first
year following a disaster or theft. Such events result in hundreds of
billions of dollars in paid claims. Most businesses cannot afford
such a substantial loss. Commercial property insurance can assist
with repairs, replacements and lost income during a tumultuous time
like a natural disaster or theft.
- How does commercial property
Commercial property insurance helps
businesses survive various situations. These situations include the
Repair or replacement: Coverage can extend
to assets that are lost, damaged or stolen due to fire, storm, hail,
tornado, theft or vandalism. Damage from flooding and earthquakes
Lost income: Income loss results from a
business’ inability to run as usual following a disaster. This
coverage can offer lost income relief, along with the expenses
associated with recovery.
A devastated building may no longer be able to support daily
operations. Coverage can extend to funding a temporary location
while repairs are being made.
Get started today!
We can assist you in finding the
commercial property insurance policy that best suits the needs of
your business. Call us today with any questions or concerns or to
start the process of finding comprehensive coverage for your
a business owner, you need the same kinds of insurance coverages for
the car you use in your business as you do for a car used for
personal travel -- liability, collision and comprehensive, medical
payments (known as personal injury protection in some states) and
coverage for uninsured motorists. In fact, many business people use
the same vehicle for both business and pleasure. If the vehicle is
owned by the business, make sure the name of the business appears on
the policy as the "principal insured" rather than your
name. This will avoid possible confusion in the event that you need
to file a claim or a claim is filed against you.
you need to buy a business auto insurance policy will depend on the
kind of driving you do. A good insurance agent will ask you many
details about how you use vehicles in your business, who will be
driving them and whether employees, if you have them, are likely to
be driving their own cars for your business.
major coverages are the same, a business auto policy differs from a
personal auto policy in many technical respects. Ask your insurance
agent to explain all the differences and options.
Owners and operators of commercial
trucks can't get by with a standard commercial auto insurance policy.
In addition to protecting the cargo that they carry, truckers must
consider the massive physical damage that can be caused by their
trucks, the potential environmental issues an accident could cause,
and the expensive cost to repair their large vehicles.
For bodily injury and property damage
liability exposure, one should consider an auto liability insurance
policy. This policy will protect truckers by covering many different
types of harm that they can unintentionally inflict on others and
their property. This includes accidental damage to a retailer’s
delivery dock, to other drivers, vehicles, and pedestrians.
Your clients rely on you to safely
deliver their cargo in the same condition it was in when they turned
it over to you. With cargo insurance you can reimburse a client for
qualifying damages made to their cargo during transport—and all
without tapping into your business bank account except to pay the
When your truck is without cargo, it
still needs protection. Bobtail insurance covers your truck even when
it is not operational.
If your truck is in an accident or
collision, you need the right commercial insurance policy protecting
your financial interests. Collision insurance and comprehensive
insurance can cover various accidents and damages caused by theft,
vandalism and fire.
If your truck carries cargo that can
be environmentally toxic or could contribute to pollution, you need
special insurance to help pay for the cost of the cleanup if it
should be spilled in an accident. Environmental liability insurance
will cover this expense, as long as it occurs in a qualifying
you have a personal umbrella liability policy, there's generally an
exclusion for business-related liability. Make sure you have
sufficient auto liability coverage.
every business owner, the chances of getting sued have dramatically
increased in the last decade. General Liability insurance can prevent
a legal suit from turning into a financial disaster by providing
financial protection in case your business is ever sued or held
legally responsible for some injury or damage.
Liability pays losses arising from real or alleged bodily injury,
property damage, or personal injury on your business premises or
arising from your operations.
Broad Range of General
Bodily Injury, including the cost of care, the loss of
services, and the restitution for any death that results from injury
Property Damage coverage for the physical damage to
property of others or the loss of use of that property
Products-Completed Operations provides liability protection
(damages and legal expenses up to your policy's limit) if an injury
ever resulted from something your company made or service your
Products Liability is a more specialized product liability
insurance that protects your company against lawsuits from
product-related injury or accidents
Contractual Liability extends to any liability you may
assume by entering into a variety of contracts
Other coverage includes:
Reasonable Use of Force; Borrowed Equipment; Liquor Liability;
Non-Owned Vehicles (such as aircraft and watercraft); Fire,
Lightning or Explosion Damage; Water Damage Liability Protection;
Legal Defense Costs; Medical Payments; Personal Injury; Advertising
Injury; and specialized liability protection for specific business
What is contractor insurance?
Like any business, independent
contractors need insurance to protect themselves financially. What
type of insurance you need depends on the type of work you do. Some
types of independent contractors include the following:
Independent construction contractors
Freelance writers, editors and graphic designers
Repair people, plumbers, carpenters, electricians, painters
Accountants and financial planners
House and carpet cleaners
Independent hair stylists and
Contractors are like any business.
You need property and general liability insurance to minimize the
basic financial risks of running a business. Additionally, contractor
insurance includes coverage designed for specific industry risks. Our
agency can find a customized policy that includes coverage most
suitable to you.
If you are hiring contractors, you
want them to have contractor insurance. Insurance you carry as a
business or homeowner may not protect you from liability for a
contract worker. This can expose you to lawsuits if a worker gets
injured at your business or home.
What is Cyber
The sensitive customer data stored
within company servers and in the cloud is vulnerable to attacks from
hackers and other cyber criminals. Most people think only large
corporations are in danger of cybercrime attacks. But, all businesses
that use computers connected to the Internet are at risk.
- What are the benefits of
Cyber liability insurance?
More than one-third of businesses
experience a data breach each year. If a similar event happened at
your business, would you be able to pay for the resulting damages?
Many cyber liability policies cover a
variety of expenses associated with a cyberattack:
Stolen data retrieval
Reimbursement of fraudulent charges
Identity protection services for customers at risk of
Damage control for your business’ reputation
Legal fees associated with the attack
And other cleanup efforts
A general liability policy often
excludes losses incurred because of the Internet. A cyber liability
policy can fill in that gap. It may be the difference between closing
your business and making a comeback.
Get started today!
We can evaluate your business’s
needs and find a policy that offers the best possible protection
Homeowners insurance provides
financial protection against disasters. A standard policy insures the
home itself and the things you keep in it.
insurance is a package policy. This means that it covers both damage
to your property and your liability or legal responsibility for any
injuries and property damage you or members of your family cause to
other people. This includes damage caused by household pets.
caused by most disasters is covered but there are exceptions. The
most significant are damage caused by floods, earthquakes and poor
maintenance. You must buy two separate policies for flood and
earthquake coverage. Maintenance-related problems are the homeowners'
- Why do you need homeowners
It is really all about protecting yourself
financially if something unexpected happens to your home or
possessions. That's important because chances are your home is likely
one of your largest investments.
If your home was destroyed by fire or damaged by a natural
disaster, you'd need money to repair or replace it.
If a guest in your home is injured, liability protection
and medical coverage help pay expenses.
If you are a victim of theft and vandalism, it can
reimburse you for your loss or pay for repairs.
If you are still paying for
your home, your lender will require insurance.
It is important to know that
homeowners insurance is meant to cover unexpected damage, not routine
maintenance. Ask your agent to talk about what is covered and be sure
to read your policy so you know exactly what's included and what is
- Things to consider and questions to ask your
Here are few things to discuss with your agent
that will influence your decisions.
How much will it cost to rebuild my house and replace my
belongings if they are damaged or destroyed? (Ask your agent to talk
you through your home's features and the things you own so you can
make an informed decision about coverage.)
Does the insurance company have a good reputation for
customer service? Is it known for paying claims fairly and promptly?
What discounts are available? (Ask about multiple policy,
security system and fire resistance discounts.)
What's the process for filing
and settling a claim? (Ask who to call and what happens after you
file a claim.)
What is auto insurance?
insurance protects you against financial loss if you have an
accident. It is a contract between you and the insurance company. You
agree to pay the premium and the insurance company agrees to pay your
losses as defined in your policy.
Auto insurance provides
property, liability and medical coverage:
Property coverage pays for damage to or theft of your car.
Liability coverage pays for your legal responsibility to
others for bodily injury or property damage.
Medical coverage pays for the
cost of treating injuries, rehabilitation and sometimes lost wages
and funeral expenses.
An auto insurance policy is comprised
of six different kinds of coverage. Most states require you to buy
some, but not all, of these coverages. If you're financing a car,
your lender may also have requirements.
Most auto policies
are for six months or a year. Your insurance company should
notify you by mail when it's time to renew the policy and to pay your
- Why do you need auto insurance?
really all about protecting yourself financially.
If you're in an accident or your car is stolen, it costs
money, often a lot of money, to fix or replace it.
If you or any passengers are injured in an accident,
medical costs can be extremely expensive.
If you or your car is responsible for damage or injury to
others, you may be sued for much more than you're worth.
Not only is having insurance a
prudent financial decision, many states require you to have at least
- Questions to ask your agent
Independent Agent is an advocate for finding auto insurance that
meets your specific needs. Here are a few things to consider as you
prepare for the discussion:
How much can you afford to pay if you get in an accident?
(To keep premiums low you may want to have a higher deductible and
be willing to pay more for repairs.)
What is the insurance company's level of service and
ability to pay claims?
What discounts are available? (Ask about good driver,
multiple policy and student discounts.)
What's the procedure for
filing and settling a claim? (Ask who to call and what happens after
you file a claim.)