The purpose of insurance is to mitigate risk for your business, so a good insurance plan is a necessity. The problem is that there are a myriad of different business insurance plans in the market, and trying to decide which plan fits you best is much easier said than done. We’ve compiled a few of our best tips to help you choose your plan and get started on the right foot.
1. Understand the different types of plans.
There are several different insurance plans you’ll likely consider. These include (but aren’t limited to):
- General liability. This is essentially blanket coverage of your business. It will generally cover property damage, theft, and lawsuits (among other things).
- Property insurance. Protects your property from theft, vandalism, and damage.
- Product insurance. Have product-specific coverage. This will protect you from things like design flaws.
- Worker’s compensation. Worker’s compensation will protect your employees if they get injured on the job. This insurance is typically mandated by the state (requirements do vary state-by-state).
2. Assess your risks
You may or may not be accepted for the plan based on the risks associated with your business. Insurance companies assess your risk with a process called underwriting. The insurance company will decide to either fully deny you, give you a portion of the coverage, or cover you fully. If you’re unsure how to properly assess the risks of your business, one of the reps from Kelly Williams Insurance can help.
3. Work With a Reputable Agency
Your business insurance is simply too important to not use the help of a real and reputable insurance agency. At Kelly Williams Insurance, we’re in your corner every step of the way, and we’ll help you find the best insurance policies for your business. Get started today.
Owning your first home can start an exciting chapter in your life. But before you sign the on dotted line, there are many pitfalls you must avoid. A lack of proper insurance can be one of those pitfalls. In today’s post, we’re going to give some essential home insurance tips.
Research Before You Buy
When you purchase your first home, it’s easy to get carried away and neglect to conduct your due diligence. We recommend that you carefully research different insurance plans, and that you understand the language inside the plans— some of the terms and their meanings can sound a bit convoluted at first. Look at the Comprehensive Loss Underwriting Exchange (CLUE) report for that property. The CLUE report will list the claims and losses on that property over the last seven years. All of your major questions should be answered before you purchase the property.
Factor Your Insurance Payments
Many first-time buyers fail to factor in their insurance payments when they calculate their mortgage. To keep your head above water, you must be able to afford both your insurance and mortgage payments.
Find Your Insurer Early Your insurer is a big piece of the puzzle, and it’s often best to find the insurance agency as early as possible. Kelly Williams Insurance is a homeowner’s insurance company in Long Beach, and we’re here to help every step of the way. Contact us today to learn more.
Renters Insurance seems to be the forgotten insurance policy. When renting a space from a company or real-estate office, most people assume it is safe, and you will be protected. While your personal information may be safe with the company or real-estate office, that does not imply that your personal property is safe or protected. An estimated 75% of individuals who rent an apartment, condo or home do not have renters insurance. Having renters insurance will protect you in the event of covered loss to your personal property in the event of property damage. You may be thinking, I do not need renters insurance, nothing has ever happened to me. Consider the scenario where a friend comes over, falls down your stairs in your home and breaks their leg. Who is responsible for the medical bill? Technically you are, renters insurance will protect you and help cover costs if you were responsible for their medical bill. We want you and your items to be safe and protected at all costs. Do not let renters insurance be the policy you forgot, when it could be the most important one you need.
Contact Kelly Williams insurance today, we will happy to answer any questions, and set you up with a renters policy fit to your needs.
With the Holiday season in full swing the roads are busier than usual. You may be driving far distances to visit family for Christmas, we want you to have a peace of mind that you are your family are taken care of in case any accident may occur. Kelly Williams offers a variety of coverage and companies for you to choose from that will fir your specific needs. We have been providing reliable insurance to individuals for over 50 years. There are multiple advantages that vary from company to company, we can help you narrow down and pick the coverage that is going to give you the most bang for your buck. We want you to have the best coverage while driving on the roads this holiday season. Contact us today to get a free quote. From our company to yours, Merry Christmas and Happy New Year. We look forward to continuing to meet your insurance needs.
With the rainy season approaching the odds for flash floods is increasing. Flooding is is a subset under homeowners insurance. Flooding damage is not only caused by heavy rains and flash floods but, it can also be caused by damaged pipes or heavy leakage within your own home. We cannot control natural weather events and sometimes we cannot prevent broken pipes. If you would like the peace of mind and a safe home, consider Kelly Williams to take care of your insurance needs.