There are just so many alternatives when it comes to choosing the correct insurance for your company. When it comes to commercial company insurance, one of the most important things to think about is how to get the most out of your policy. Start making the most of your commercial business insurance, consider the following suggestions:
Keep your policy current, review and update it on a regular basis with your agent.
Examine your policy every few months to see whether your business requirements have changed. Talk to your agent about the policy at least once or twice a year. This can assist you in safeguarding your interests.
Take Precautions to Safeguard Your Business
It is critical to ensure that your company is a safe and healthy place to work. Keeping things orderly, wiping up spills, and repairing any damage may go a long way – and could even help you save money on your insurance.
Reduce the chances of a customer being injured in order to cut down on claims.
The less likely consumers are to get injured and file a lawsuit, the safer your store is. Maintain a clean environment for consumers by keeping aisles clear, walkways clean, and spills cleaned up.
Do you want to work from home? Your homeowner’s insurance may not protect you
You probably still need commercial business insurance if you're one of the millions of Americans who run a home-based business. Exclusions for home-based companies are common in homeowners insurance plans. Make sure to double-check your coverages and exclusions with your insurance broker.
Work with your agent to find the best commercial insurance for your company.
Your agent is an excellent first line of defense against purchasing incorrect insurance. You'll want to pay close attention to what they recommend so that you can receive the greatest commercial insurance policy for your company's needs.
Ensure that the most crucial areas are covered.
Clients may rest assured that all of their major insurance needs will be covered when they choose our agency. Contact one of our representatives today to determine the appropriate level and type of insurance coverage for your company. This would include property, cyber liability, EPLI, liability, and excess liability coverage.
Often major life events like marriage, divorce, the birth of a child, children heading off to college, or even the death of a loved one can trigger a need for a change in your personal insurance coverage. Let us look at few of the life events that can affect your personal insurance.
Change in marital status creates a need to update your auto insurance. If you have a new person living in your household, your auto insurance will need to reflect that change.
Children heading off to college in another city also create a need to update your auto insurance, especially if they are taking a vehicle to college with them. In addition, your homeowner’s insurance should be updated if your student is taking any personal property to college such as a television, computer, or other items.
If you are newlyweds, you will need to update your homeowners or renter’s insurance to reflect new policyholder information as well as the replacement value of your personal property. If you have renter or homeowner’s insurance now, and you and your spouse or partner combine households, you are automatically covered by the existing policy. However, it is still important to call your agent.
When there are changes in marital status, it is essential to update your health, life, and disability coverage. There may be new names that need to be added or removed as beneficiaries.
When children start arriving in your home, it is essential to consider updating your life insurance to reflect the additional expenses necessary to manage the household in the event the primary breadwinner is gone.
A Simple Guide To Personal Insurance Problems
We receive calls almost daily from people who bought cheap online personal insurance and now have a problem, or from people who have had other problems and now need a trusted advisor to help them out. If you have homeowner’s insurance or other personal insurance, we can help guide you through any issues you may have.
How To Minimize Personal Insurance Problems
Keep your insurance policies in a safe but accessible place.
Tell your family about the details of your life insurance.
Use an independent agent to help you understand your insurance.
Review your insurance needs annually. Often you may make purchases that will require a change to your insurance.
Don’t rent out your primary home through online temporary rental sites; you may not have coverage.
Make a home inventory of all your personal property.
Don’t use your personal auto for a pay for hire online taxi service. Your auto coverage does not apply to taxi services.
Make sure you pay your premiums on time.
Auto ID cards serve a purpose; keep them in your vehicle.
If you have a change in marital status, make sure you update all your insurance policies.
Do not fail to add life insurance for the stay at home spouse. A loss of the main caretaker can cost thousands every month.
Get your teen driver into a driver’s education course, and make sure their grades are kept up to get the good student discount.
These Fitness Tips Brought to You by Neate Dupey Insurance Group
Whether you're ready or not, the year 2022 has arrived. If there's one thing we've learned in the last few years, it's that life is unpredictable and can throw a curveball. We've also discovered that we're resilient and that we've found methods to take care of ourselves in the face of adversity. Having looked on another year of navigating life while dealing with a pandemic, you might feel that fitness took a back seat or that you didn't get to exercise as much as you had anticipated. But that's okay: a new year means a fresh start for both your wellness objectives and how you think about them.
Focus On Why Your Workout
Find out why you're doing what you're doing. It will be very difficult to stay motivated in 2022 if you are unsure of your true motivation. Ask yourself why am I working out, then ask yourself why again after you've written down your answer. Do this seven times in total to see what your answer reveals. Your true reason may astound you.
Making time for yourself is difficult when your day is jam-packed with things to accomplish, especially when you're aware that you're in the midst of a pandemic. However, scheduling time to be active or relax and decompress is beneficial to both mental and physical health.
Find an Accountability Partner
We recommend hiring a health coach or even enlisting the help of some friends to keep you on track. Keep track of your meals and workouts so you can look back and see how you are doing.
Get New Gear
The start of a new year is a perfect time to take stock of your training gear. Perhaps you need new sneakers, training attire that is more appropriate for cold or warm weather, or even some new workout equipment, such as gym floors, free weights, or cardio equipment.
Do It Together
A group training activity is one in which three or more people participate. Dance-based classes, indoor climbing, basketball, bike riding, kickboxing, and cardio classes are common group training activities. Group training serves to stimulate the people in it, which is especially beneficial if you have a competitive drive and it also instills a sense of accountabilty and makes the activity more enjoyable.
Keep yourself hydrated! Health experts commonly recommend eight 8-ounce glasses, which equals about 2 liters, or half a gallon a day. This is called the 8×8 rule and is very easy to remember.
Thank you for being a valued customer of Neate Dupey Insurance Group. We are so grateful for the pleasure of serving you and we strive to meet your expectations.
The modern world is filled with risks. From car accidents to slip and fall incidents in the home, the possibility of being sued is a real possibility every person needs to take into account. Nearly everyone accounts for this risk by buying insurance. Personal umbrella insurance takes this concept to a new level.
Insurance is a staple of any financial plan these days. There is an inherent weakness with every policy, however. Let’s consider your car insurance. It covers you in case of a collision with another party. A typical policy might payout up to $50,000 per claim with a total payout per year of $100,000 regardless of the number of claims.
Let’s assume you are late to work one morning. You try to make it through a yellow light, but it turns red. Traffic proceeds from the cross road and you hit someone. Your car insurance will pay up to $50,000 to make them whole, but what if it is going to cost more than $50,000? What if they sue you for $250,000? Now you have a problem.
Every insurance policy has a limit. This “policy limit” defines the maximum amount the insurance company will pay out on claims made against you and the policy. Claims can often exceed these limits in worse-case situations, leaving you on the hook for any additional amounts due.
Personal umbrella policies are designed to address the shortcomings of policy limits. Umbrella policies cover liability claims in excess of the policy limits for your primary insurance. In our car accident example, the umbrella policy would pay any amounts due in excess of the $50,000 covered by your primary car insurance policy.
Umbrella policies let you sleep peacefully at night. It is as simple as that. If you have a child who has just started driving, you can sleep blissfully knowing the umbrella policy will cover any disasters caused by their inexperience behind the wheel. So request an umbrella insurance quote now.
Umbrella policies are typically written in increments of a million dollars of coverage. This means you can purchase one million, two million or more in coverage in addition to your underlying policies. If you purchase a million dollars in coverage, for example, the policy would cover any liability claims in excess of your $50,000 car insurance policy up to $1,050,000.
Umbrella insurance cost: Umbrella insurance policies are surprisingly inexpensive, which makes them a wise choice for most individuals. The premiums are usually shockingly low because your primary insurance policies are usually going to cover any claims. Given this, the insurance company writing the umbrella policy faces a low probability that it will ever have to pay on the policy. In exchange for this low payout risk, the insurance company provides you with low premium costs.
Is purchasing a personal umbrella insurance policy a smart move for you and your family? Absolutely. You gain the peace of mind of knowing you are covered should things go very wrong and at a very low premium cost. Contact us today for a no-obligation quote on a personal umbrella policy for your current situation.