Archives: 2014

A Guide to Pet Safety When on Vacation

June is National Pet Preparedness Month, the perfect time to plan for your pet’s safety when planning a summer trip. Whether you’re planning a road trip, flying to a new destination, or leaving your pet at home, creating a safety plan for pets prevents stress, worry, and unexpected emergencies. This guide covers essential pet travel tips, including how travel insurance and pet insurance can provide valuable protection.

Preparing for Pet-Friendly Travel

No matter how you are traveling, if you are taking your furry friend to visit a new place, planning ahead can help you avoid problems. These general pet safety tips are always a good idea. 

Choose Pet-Friendly Accommodations

Not all hotels, vacation rentals, or campsites allow pets. Before booking, verify pet policies and any restrictions regarding breed, size, or additional fees. Consider accommodations with pet-friendly amenities, such as designated play areas, walking trails, and pet-sitting services.

Pack a Pet Travel Kit

A well-stocked travel kit ensures your pet has everything they need for a comfortable journey. Some items you should bring include the following:

• Sufficient food and water for the trip
• Food and water bowls
• Medications and medical records
• Collar with ID tags and a leash
• Familiar items (toys, blanket, or bed) for comfort
• Waste bags or litter supplies
• Grooming tools and cleaning wipes
• First-aid kit with supplies for your pet

Ensure Proper Identification

Microchipping your pet provides extra security if they are lost when far from home. Update your contact information with the microchip registry and ensure your pet wears a sturdy collar with an up-to-date ID tag.

Visit the Veterinarian Before Traveling

Schedule a vet checkup to confirm your pet is healthy enough to travel. Make sure they are up to date on any required vaccinations. If traveling internationally, research pet entry requirements for your destination, as some locations require specific vaccinations or quarantine periods.

Safe Travel by Car

Hit the road with your pet, ready for a long ride. 

Use a Pet Carrier or Safety Harness

Secure your pet in a well-ventilated carrier or a crash-tested pet seat belt harness for road trips. Never allow pets to roam freely inside the car, as this can distract the driver and increase the risk of an accident.

Plan Frequent Breaks

Stop every few hours to let your pet stretch, hydrate, and relieve themselves. Keep them leashed when stopping off in unfamiliar areas to prevent accidental escapes.

Never Leave Pets in a Hot Car

Temperatures inside a car can quickly rise to dangerous levels, even with cracked windows. If you must stop at a place that doesn’t allow pets, have a travel partner stay with them and find a pet-friendly establishment instead.

Flying with Your Pet

Take to the skies knowing your pet will be well cared for throughout your flight.

Understand Airline Policies

Each airline has varying rules for pet travel. Some allow small pets in the cabin, while others require pets to travel as cargo. Research airline policies and book a direct flight whenever possible to minimize stress on your pet and reduce travel time.

Use an Approved Pet Carrier

Ensure your pet carrier meets airline size requirements and allows your pet to stand, turn, and lie down comfortably. Label the carrier with your contact information and include a familiar blanket and toy so your pet can feel comfortable.

Leaving Pets at Home? Consider a Trusted Caregiver

If you travel without your pet, arrange for a trusted pet sitter who can be a friend, or place your pet at a professional boarding facility. Provide detailed care instructions, emergency contacts, and your pet’s medical history to ensure well-being in your absence.

The Role of Travel and Pet Insurance

Travel Insurance for Pet Owners

Some travel insurance policies offer pet-related benefits, such as coverage for veterinary expenses if your pet becomes ill or injured during the trip. Additionally, travel delays or cancellations may include reimbursement for extended pet boarding fees if you cannot return home on time.

Pet Health Insurance for Unexpected Emergencies

Pet insurance covers routine and emergency veterinary care, helping alleviate financial burdens if your pet needs medical treatment while traveling. Our pet insurance agents can help you compare plans to find coverage that suits your pet’s age, breed, and medical history.

Enjoy Stress-Free Travel with Your Beloved Pet

Traveling with pets requires extra preparation, but with careful planning, you can ensure a safe and enjoyable experience. Whether you’re hitting the road, boarding a flight, or arranging pet care at home, prioritizing pet safety and keeping an eye on your insurance coverage can offer peace of mind. If you’re looking for the right travel insurance to protect you and your pet, our travel insurance agents are here to help you find the best coverage for your needs. Call us today or come into our office for a free assessment. 

Choosing the Right Benefits in a Multigenerational Workforce

In today’s dynamic workplace, employees span multiple generations—from Baby Boomers to Gen Z—with each generation bringing unique perspectives, experiences, and expectations. Crafting a benefits package that resonates across these diverse groups is essential for attracting and retaining top talent. Here’s a guide to understanding and choosing the right benefits for a multigenerational workforce.

How do Different Generations Feel About Benefits?

Each generation has distinct priorities when it comes to group benefits:

• Baby Boomers: This generation values robust retirement plans, comprehensive healthcare, and stability. They tend to look for benefits that support long-term financial security and wellness.
• Generation X: Balancing family and career, Gen X employees may prioritize benefits like flexible work schedules, family health insurance, and career development opportunities.
• Millennials: This group values work-life balance, flexibility, and growth opportunities. They are also attracted to benefits that support mental health, remote work, and professional development.
• Generation Z: As newcomers, Gen Z values digital engagement, flexible work options, and benefits that promote continuous learning. They are tech-savvy and expect modern, accessible benefit platforms.

Key Benefits to Consider

1. Health and Wellness Programs

Offering comprehensive health benefits is essential for every age group. Consider these key mainstays:

• Medical, dental, and vision coverage: Ensure these core benefits are competitive and accessible.
• Mental health support: Include resources such as counseling services, employee assistance programs, and stress management workshops.
• Wellness initiatives: Programs like gym memberships, wellness challenges, and health screenings can improve employee well-being and, as a result, job performance.

2. Retirement and Financial Planning

For many employees, especially Baby Boomers and Generation X, planning for the future is a top priority. Group benefits that cater to these age groups include the following:

• 401(k) contributions: Offer matching contributions to incentivize savings.
• Financial planning services: Access to financial advisors or educational seminars can help employees make informed decisions for their long-term stability.
• Life and disability insurance: Providing peace of mind through comprehensive coverage can be a significant draw.

3. Work-Life Balance and Flexibility

Modern employees increasingly value flexibility in how they manage their work and personal lives:

• Flexible work schedules: Options like flextime or compressed workweeks can accommodate varying lifestyles.
• Remote work opportunities: As remote work becomes more normalized, ensuring employees can work from home or other locations is key.
• Paid time off (PTO): Generous leave policies, including vacation, sick, and parental leave, can help employees recharge and manage personal commitments.

4. Professional Development and Career Growth

Investing in your employees’ growth can benefit both the individual and the organization. While your staff and associates will experience personal fulfillment, your company will also set itself up for a prosperous future. When more experienced or veteran employees look towards retirement, their replacements will be ready. Consider these options:

• Training programs: Offer courses, workshops, or tuition assistance to help employees enhance their skills.
• Mentorship opportunities: Create programs that connect different generations, foster knowledge transfer and career guidance.
• Career pathing: Clearly outline growth opportunities and promotions to motivate and engage employees.

5. Technology and Digital Tools

For younger generations, a modern, digital approach to benefits is crucial. Some ideas to make sure your offerings are up to date include: 

• Online portals: Provide easy access to benefits information through easy-to-navigate platforms.
• Mobile apps: Employees can manage benefits, track wellness goals, or access resources.
• Digital learning platforms: Offer access to online courses and webinars to support learning and development.

How Do I Start Creating a Group Benefits Plan for My Company?

The key to a successful multigenerational benefits strategy is flexibility. If you are just starting or are looking to revamp your existing benefits, here are some strategies that work:

• Surveys: Regularly gather feedback on the most valued employee benefits and where gaps may be. Tailoring offerings based on real feedback can ensure higher satisfaction.
• Offer a benefits menu: Instead of a one-size-fits-all package, provide a range of options from which employees can choose based on their needs and life stages.
• Review and update: As demographics shift and new trends emerge, periodically reassess your benefits offerings to ensure they remain relevant and competitive.
• Communicate clearly: Ensure all employees are informed about the range of benefits you offer. Clear and regular communication can help them make informed choices. 

Need Help Upgrading Your Group Benefits Plan?

A well-designed benefits package can be a powerful tool for attracting and retaining talent in a multigenerational workforce. By understanding the unique needs of each generation and offering a flexible, comprehensive suite of benefits, you improve employee satisfaction and foster a more engaged and productive workplace.

If you’re ready to optimize your benefits strategy, our experienced group benefits agents are here to help. Contact us to learn more about creating a package that meets the diverse needs of your workforce today.

Lifestyle Factors That Can Affect Your Health Insurance Cost

1. Smoking and Tobacco Use

Smoking is one of the most significant lifestyle factors impacting insurance costs. Tobacco users are typically charged higher premiums due to the increased health risks associated with smoking, such as lung disease and heart problems. Quitting smoking improves your overall health and can lead to substantial savings on your insurance costs over time. Specifically, smokers may pay two to three times the amount in premiums as nonsmokers. 

2. Alcohol Consumption

Moderate alcohol consumption may be acceptable, but excessive drinking can lead to serious health issues. Insurance companies may adjust your premiums based on your alcohol consumption patterns; heavy drinking is linked to liver disease and other complications. Heavy drinkers can be charged up to 50 to 60 percent more in premiums, while moderate drinking has almost no effect on your monthly payment. Being mindful of your intake can contribute to a healthier lifestyle and more favorable insurance rates.

3. Risky Behaviors

High-risk activities like extreme sports, skydiving, or high-speed driving can affect insurance premiums. These activities increase the likelihood of injury, prompting insurers to charge higher rates to cover the potential costs of accidents. If you participate in such activities, consider discussing potential coverage adjustments with your insurance agent.

4. Preventive Healthcare and Regular Checkups

Staying on top of preventive care is another positive lifestyle factor. Regular medical checkups, vaccinations, and screenings can catch health issues early and prevent more serious conditions from developing. Insurers often reward proactive health management with lower premiums.

How Can I Lower My Health Insurance Premiums?

Knowing how your lifestyle influences your health insurance costs is the first step towards optimizing your coverage and saving money. Here are some actionable tips:

• Adopt a healthier diet: Incorporate more fruits, vegetables, and lean proteins into your meals to maintain a healthy weight.
• Stay active: Aim for the recommended CDC 150 minutes of moderate weekly exercise to boost your health. This breaks down to 30 minutes a day, 5 days a week. The CDC also encourages breaking up long sitting periods with tasks requiring more active motion. 
• Quit smoking: Seek support through cessation programs or professional advice to overcome tobacco addiction.
• Limit alcohol: Monitor your consumption and stay within recommended guidelines. The US Department of Agriculture-issued Dietary Guidelines for Americans (DGA) suggest not more than two drinks a day for men and not more than one a day for women on days when alcohol is consumed. “Drinking less is better than drinking more,” per the DGA. 
• Practice safe behaviors: While it’s important to enjoy life, be mindful of activities that significantly increase health risks. 
• Schedule regular checkups: Preventive care keeps you healthy and can lower your insurance premiums.

Take Control of Your Health and Your Costs

Making positive changes can have a profound impact on your well-being and your wallet. By adopting healthier habits, you can potentially lower your insurance premiums while enjoying a better quality of life.

If you’re looking for guidance on balancing your lifestyle choices with optimal health insurance coverage, our experienced healthcare insurance agents are happy to assist. Contact us today to learn more about what plans are right for you and your lifestyle.

June 2025 | Issue 06

In recent months, some policyholders have experienced a rise in their insurance premiums from their current provider. If you’ve been…

June 2025 | Business Edition

Contractors work in high-risk environments where accidents, property damage, or unexpected delays can…

What Happens If You Outlive Your Term Life Insurance Policy?

Term life insurance provides coverage for a specific period, typically 10, 20, or 30 years, ensuring financial support for your loved ones should you suddenly pass away or become incapacitated. But what if you outlive your term policy? Understanding your options can help you plan for the future and ensure continued financial security for your loved ones.

What is Term Life Insurance?

Term life insurance offers a death benefit for a predetermined period. It is generally more affordable than permanent life insurance, as your premiums do not build an account. The policy is in effect only for the term of the policy, and the coverage ends without any cash value.

What Happens When My Term Life Insurance Expires?

If you outlive your term life policy, you simply reach the end of the contract. At that point, several scenarios may unfold:

• No payout: Unlike permanent life policies, term insurance does not return any premiums or offer a cash value component. Once the term expires, it is simply over.
• Reassessment of needs: With your term policy ending, it’s a good time to reassess your financial situation, health, and the needs of your family. This can help you decide how to arrange a new policy or buy additional coverage.

If My Term Life Insurance Expires, What Are My Options?

Renewing Your Term Policy

Some insurers offer the option to renew your term life insurance policy when it expires. This can provide continued coverage without a new medical exam. Renewal rates are typically higher due to factors like age and changes in your health status, so comparing costs and benefits is important.

Converting to a Permanent Policy

Many term policies include a conversion feature that allows you to convert a term policy to a permanent life insurance (whole life insurance) policy without undergoing a medical exam. This can be a valuable way to secure lifelong coverage. The premiums for permanent policies cost more but turn into a valuable asset over time. Checking your policy’s conversion options before it expires can help you plan for the future. When buying a term policy, it is best to ensure the insurance company offers a conversion option.

Purchasing a New Policy

If renewing or converting isn’t the right fit, you can explore purchasing a new life insurance policy. Your age and health at the time of application will influence the cost of premiums. Comparing policies from multiple insurers can help you to find the best coverage for your needs. Our life insurance agents can help you get a good understanding of the best options to suit your family and your budget.

Reviewing Your Financial Strategy

If your term policy expires, it may be a good time to evaluate your overall financial plan. Consider how life insurance can protect your loved ones from facing challenges should you suddenly pass away. A life insurance professional can help you determine the best strategy based on your current situation. A yearly review of your policies can help you plan.

Plan Now to Prepare for Tomorrow

Knowing what happens if you outlive your term life insurance policy is essential to your financial planning. It encourages you to:

• Regularly review your insurance needs and adjust your coverage as life circumstances change.
• Factor in potential increases in premiums if you decide to renew or convert your policy.
• Explore alternatives to ensure your approach aligns with your overall goals and budget.

Take Action To Secure Your Future Now

Term life insurance provides affordable protection during a set period. If yours is ending soon, now you know that continued financial security and peace of mind require planning. If you’re considering your options, our knowledgeable life insurance agents are ready to guide you through the process and help you make an informed decision. Feel free to reach out for personalized advice today.

Health Benefits of the Great Outdoors for Seniors

June is National Great Outdoors Month, the perfect time to celebrate the benefits of nature and its positive impact on senior health. Spending time outdoors isn’t just enjoyable; it offers many physical, mental, and social benefits that can improve the quality of life as we age.

Keeping Your Body at Its Best

Engaging in outdoor activities can help seniors maintain strength, flexibility, and balance. Walking on nature trails, gardening, or simply strolling in a park contributes to cardiovascular health and helps manage chronic conditions like arthritis and diabetes. Regular physical activity keeps the muscles and ligaments limber, aiding in fall prevention, a crucial factor in maintaining independence.

Boosting Brain Health with Nature

Spending time outdoors isn’t just good for the body—it’s also a powerful way to support brain health. Exposure to fresh air, sunshine, and natural surroundings has been linked to improved cognitive function and a lower risk of cognitive decline. Activities like birdwatching, hiking, or even sitting in a peaceful park stimulate the mind and encourage mental engagement. Natural light also helps regulate sleep patterns, which is essential for memory and overall brain function.

Vitamin D and Immune Support

Sunlight is one of the best sources of vitamin D, essential for bone health, immune function, and overall well-being. Many seniors experience vitamin D deficiencies, contributing to fatigue, muscle weakness, and a higher risk of infections. By spending just 15–30 minutes outside a few times a week, seniors can support their immune system and maintain strong bones, reducing the risk of osteoporosis and fractures. Just remember to wear sunscreen and protect your skin while enjoying the benefits of the sun!

Supporting Mental and Emotional Well-Being

Nature has a remarkable way of reducing stress and boosting mood. Studies show that time spent in green spaces can lower blood pressure, decrease anxiety, and improve mental clarity. For seniors, the outdoors can be a natural remedy for feelings of isolation, promoting mindfulness and a sense of calm. Don’t believe it? Get away from the TV or your phone; look up and out as you take a nature walk in mild weather and see for yourself. 

Social Connections

Outdoor activities foster social interaction through community events, group walks, or gardening clubs. These interactions help build a supportive network of friends and associates with similar interests, contributing to improved mental health and overall happiness.

How Does Medicare Support My Active Lifestyle?

Many people are unaware that Medicare offers preventive services and wellness programs that complement an active, outdoor lifestyle. For instance:

• Preventive screenings and annual wellness visits: Regular checkups and screenings can help you stay on top of your health, ensuring you enjoy your outdoor activities.
• Fitness programs: Many Medicare Advantage plans include fitness benefits, such as gym memberships or discounts for community exercise classes, encouraging you to stay active.
• Chronic disease management: If you manage conditions like heart disease or diabetes, Medicare’s chronic disease management can help you adopt healthier habits, support your health goals, and allow you to enjoy the great outdoors fully.

Embrace the Outdoors This June

With National Great Outdoors Month upon us, now is the ideal time to step outside and take advantage of nature’s many health benefits. Whether you enjoy leisurely walks, light gardening, or sitting under a tree with a good book, integrating regular outdoor time into your routine can significantly boost your well-being.

Ready to Enhance Your Health with Medicare?

Exploring your Medicare options is a smart step if you want to maximize your active lifestyle and ensure comprehensive health coverage. Our experienced Medicare agents are here to help you understand how your plan can support your outdoor adventures while keeping your overall health in check.

Contact us today to learn more about Medicare plans that encourage a vibrant, active life enjoying the outdoors. 

10 Active Strategies to Lower Your Premium (Including Reshopping)

In recent months, some policyholders have experienced a rise in their insurance premiums from their current provider. If you’ve been affected by rising premiums, don’t worry—there are strategies, other than cancelling your coverage that you can employ to potentially lower your costs. In this comprehensive guide, we’ll explore ten strategies you can use to address increased insurance premiums.

Understanding the Rise in Premiums

Before discussing strategies, it’s essential to understand why premiums are rising with some providers. According to the Insurance Information Institute, homeowners’ insurance premiums have increased by an average of 3-5% annually. Factors like more frequent natural disasters and increasing construction costs have contributed significantly to this trend.

Strategy 1: Let Us Reshop your Insurance for Better Rates

One of the most effective ways to combat increased premiums is to call us to reshop your rates. Many people stick with their current provider out of convenience, but potential savings can be found with another provider. We represent over 40 different insurance companies and one of them may be a better fit than your current provider especially if you’ve had any recent life changes.

Practical Tip:

• Contact us first: Most often, speaking directly with your agent can yield better offers and save you the time of shopping your own rates.

Strategy 2: Bundle Your Policies

Bundling policies can lead to substantial discounts. Many insurance companies offer lower rates when you combine policies like home and auto insurance.

Practical Tip:

• Evaluate your current policies: If you’re not already bundling, let us help you determine if your policies can be bundled. Many of our carriers, including Progressive, just to name one, offer potential discounts for doing so.

Strategy 3: Increase Your Deductibles

Increasing your deductible can lower your premium. However, ensure you have enough savings to cover the higher deductible in case of a claim.

Practical Tip:

• Assess your financial situation: Determine your risk for things like where your home is located and even how much you drive. Make sure you can afford a higher deductible if necessary and then consult your agent for professional advice on how much to increase your deductible.

Strategy 4: Support Independent Agencies Like Ours

Supporting local small businesses can indirectly impact your insurance premiums, as these agencies, like ours, offer personalized services and competitive rates because they represent a carefully selected group of reputable insurance companies which translates into being able to offer you the best coverage at the most competitive price by shopping rates for you.

Practical Tip:

• Engage with your agent: Building a relationship with your local agent can lead to a more tailored and affordable insurance solution. Your agent can build a personalized insurance plan that most often will help reduce your overall costs.

Strategy 5: Improve Home Security

Enhancing your home security can lead to lower insurance premiums as it reduces risk.

Practical Tips:

• Install a security system: Modern systems can be monitored via smartphone apps, providing peace of mind and potential discounts.
• Upgrade locks and windows: Simple upgrades can make your home more secure and less risky to insure.
• Explore savings programs: Many carriers offer programs like Smart Home that can help you save on premium costs.

Strategy 6: Maintain a Good Credit Score

Many insurers consider your credit score when determining your premium. A better credit score can lead to lower rates.

Practical Tips:

• Regularly check your credit report: Use free services like AnnualCreditReport.com to ensure accuracy.
• Pay bills on time: Consistent, timely payments positively impact your credit score.

Strategy 7: Review Your Coverage Annually

Conducting an annual review of your policy can help identify unnecessary coverage or potential savings.

Practical Tips:

• Schedule a yearly review: Set a reminder to evaluate your insurance needs each year.
• Consult with your agent: Discuss any changes in your circumstances that might affect your coverage.

Strategy 8: Take Advantage of Discounts

Different insurance companies offer a variety of discounts that policyholders may not be aware of.

Practical Tips:

• Ask about available discounts: Make sure you are currently taking advantage of any potential discounts your carrier offers by calling your agent.
• Look for group discounts: Membership in certain organizations may qualify you for additional savings.

Strategy 9: Reduce Risk Factors

Reducing risk factors can make you a more attractive candidate for insurance companies, leading to lower premiums.

Practical Tips:

• Maintain a clean driving record: Safe driving habits can lead to lower auto insurance rates.
• Make home improvements: Fixing older roofs or replacing outdated electrical systems can lower risks. If you’ve recently replaced a roof, call your agent, it may help reduce your premium cost.

Strategy 10: Consider a Usage-Based Policy

For some types of insurance, particularly auto, usage-based policies can offer savings by charging based on actual usage rather than estimates.

Practical Tips:

• Research telematics programs: These programs track driving habits and can offer personalized rates. Call your agent to see what carriers offer these programs.
• Assess your driving habits: Ensure that a usage-based policy is a good fit for your lifestyle.
• Assess your vehicle’s age: If you have an older vehicle, you may choose to look at opting out of things like comprehensive coverage, collision coverage, roadside assistance or rental reimbursement.
• Change your driving status: If you’re no longer commuting to work, you might consider changing your status from commuter to pleasure driving. This adjustment can lead to reduced annual mileage, which will ultimately lower your premiums.

Conclusion

Facing increased insurance premiums can be daunting, but with these strategies, you can potentially lower your costs without changing agencies. By exploring options, speaking with your agent, staying informed, and making intentional choices, you can manage your insurance premiums effectively.

As you consider these strategies, ask yourself: How can I continue to support local businesses more in my insurance decisions? Remember, every little step counts towards not only saving money but also fostering a thriving local community.

The Ins and Outs of Contractor Insurance

Contractors work in high-risk environments where accidents, property damage, or unexpected delays can disrupt business operations at any time. Whether you’re an independent contractor, a general contractor, or run a contracting business, having the right insurance coverage makes it possible to protect yourself, your employees, and your clients. 

Why Contractor Insurance is Key

Contractor insurance provides financial protection in case of accidents, lawsuits, or property damage. Without it, you could be personally liable for costly claims, threatening your business and financial stability. Many clients and regulatory bodies require contractors to carry specific types of insurance before allowing them to start work on a project.

Types of Contractor Insurance

General Liability Insurance

This insurance is the most fundamental coverage for contractors. It protects against claims of bodily injury, property damage, and personal injury caused by your work. General liability insurance covers legal and medical expenses if a client or passerby is injured on your job site or if you accidentally damage a client’s property.

Workers’ Compensation Insurance

If you have employees, most states require you to carry workers’ compensation insurance. This coverage pays for medical expenses and lost wages if an employee gets injured. Even if you work alone, some clients may require proof of workers’ comp before signing a contract with you.

Commercial Auto Insurance

Contractors often rely on vehicles to transport tools, materials, and employees. Personal auto insurance policies typically do not cover business-related accidents. A commercial auto policy ensures that your work vehicles are protected in case of accidents, theft, or damage.

Professional Liability Insurance (Errors and Omissions Insurance)

If your work involves design, consulting, or advising clients, professional liability insurance protects against claims of negligence, mistakes, or incomplete work. This is especially important for contractors in specialized fields like architecture, engineering, and home inspections.

Builder’s Risk Insurance

This type of insurance covers property damage to buildings under construction. It protects against losses due to fire, vandalism, theft, and weather-related damage. Many project owners require contractors to carry builder’s risk insurance before starting construction.

Equipment and Tool Insurance

Your tools and equipment are essential to your work. Equipment insurance covers damage, loss, or theft of your tools, ensuring you can quickly replace them and continue working without significant delays.

Surety Bonds

While not technically insurance, surety bonds provide financial guarantees that a contractor will complete a project as agreed. Some clients and government contracts require contractors to be bonded before work begins.

How to Choose the Right Contractor Insurance

The right coverage depends on factors such as the size of your business, the type of work you do, and whether you have employees. Here are some steps to help you choose the best insurance policy:

• Assess your risks: Identify potential risks in your industry and daily operations.
• Understand client and legal requirements: Check if clients, state regulations, or industry standards mandate specific coverage.
• Compare insurance providers: Work with an insurance agent specializing in contractor insurance to compare policies and pricing. Our contractor insurance agents are familiar with a range of providers and can help you compare the benefits of each to see which suits you best. 
• Bundle policies for savings: Many insurers offer package deals for multiple policies, which can save money and simplify coverage management. For instance, you may qualify for a discount when you bundle general liability, commercial auto, and equipment insurance under a Business Owner’s Policy (BOP) or a Contractor’s Insurance Package. Check with one of our contractor insurance agents to see how this might apply to your company. 

Do You Have the Right Contractor Coverage? We Can Help

Contractor insurance is a critical investment in the success and longevity of your business. Without the right coverage, you may face costly lawsuits, project delays, or financial losses that could put your livelihood at risk. When you understand the different types of contractor insurance and choose policies that fit your needs, you can work confidently, knowing your business is protected.

If you’re looking for tailored contractor insurance solutions, our insurance specialists are ready to help you find the best coverage for you and your business—at the best available rates. Call us today to schedule a meeting with one of our local agents.

Top 5 Frequently Asked Questions About Business Insurance

Understanding business insurance is crucial to protect your company from unexpected risks. As a business owner, you may have questions about how business insurance works, what it covers, and which policies you need. To help clarify these points, here we answer the top five frequently asked questions about business insurance.

What Types of Business Insurance Are Available?

Several types of business insurance policies are available, each designed to protect different aspects of a business. The right mix of policies will depend on your business type, size, and industry risks. The following are among the most common types of business insurance:

• General liability insurance covers claims related to bodily injury, property damage, and advertising injuries.
• Commercial property insurance: This coverage protects physical assets, such as buildings and equipment, from risks such as fire, theft, and vandalism.
• Workers’ compensation insurance: Required by law in most states, workers’ comp covers medical expenses and lost wages for employees injured on the job.
• Professional liability insurance: Also known as Errors & Omissions (E&O) insurance, this covers legal claims arising from negligence or professional mistakes.
• Business interruption insurance: This insurance helps replace lost income in the event business operations are interrupted due to a covered event.
• Commercial auto insurance: Whether your fleet is large or small, you need a commercial auto insurance policy for vehicles used for business purposes. 
• Cyber liability insurance: Businesses are an attractive target for cyber criminals. Cyber liability insurance provides protection against cyber threats and data breaches. 

What Is a Business Owner’s Policy?

A business owner’s policy (BOP) is a bundled package that combines commercial property, general liability, and business interruption insurance. The cost is generally less than the cost of purchasing separate insurance policies. Designed specifically for small to medium-sized businesses, BOPs are convenient and affordable and provide broad coverage in one policy. 

Is Business Insurance Required in Ohio?

In most states, certain types of business insurance, such as workers’ compensation, are legally required. Commercial auto insurance may be required if your business uses vehicles to deliver, transport, or other reasons. While general liability insurance is not legally required, clients or business partners may demand proof of commercial auto insurance before they sign important contracts or leases.

How Much Business Insurance Do I Need?

The amount of coverage you need will reflect the size of your business, your industry, and the inherent risks associated with your activities. A small consulting firm will require less coverage than a construction company due to the nature of the enterprise. As a starting point, assess the total value of your business, including your physical assets and revenue, and evaluate the potential liability risks. Our knowledgeable agent can help you determine the appropriate coverage levels with affordability in mind. 

What If My Business Needs Change?

When your business needs change, your insurance coverage must change as well. Whether you are expanding operations, adding new locations, or introducing new products or services, it is crucial to ensure a review of all of your business policies. You may need additional coverage or higher limits to protect your growing assets and liabilities. Our experienced agents at Mitchell Insurance Agency can help you assess your business insurance to ensure you remain protected as your company evolves and new risks emerge. Give us a call today at (614) 873-1088.