What does auto insurance cover?Auto insurance covers you, your car and others involved in a vehicular accident.Back to TopWhat is an insurance deductible?An insurance deductible is the amount of money you pay after an accident before your insurance company pays for the remaining amount.Back to TopWill my red car make my insurance bills more expensive?No. This is a myth. Driving a red-colored vehicle does not make your insurance premiums more expensive than other colored vehicles.Back to TopWhat is replacement cost vs. actual cash value?
Replacement cost on your home and or contents is simply replacing what you had with something of the same like, kind, and quality without subtracting depreciation from the value.
Actual cash value on your home or contents is a depreciated value.Back to TopWhy is the coverage for my house higher than the market value?
Frequently we are asked why home insurance is higher than the value of the home itself. Here is the answer… Insurance on your home covers the costs associated with rebuilding your home not what the home would sell for. When calculating the cost to rebuild your home, several aspects are taken into account. To name a few, we look at your location, the size, and what features you have in your home (granite countertops, jetted bath tubs, etc…). We also take into account that replacing your home requires the use of brand new materials and labor costs for someone to do the construction.Back to TopHow does business insurance work?
Back to TopWhat Is a General Liability Certificate and Why Do I Need It?
Business insurance is a contract between the insurance company and the business. In the event of a covered loss, the insurance company pays for the financial losses the business incurs up to the limit of the policy after the deductible amount is paid by the business filing a claim.
A certificate of insurance (also known as a COI) provides proof that you and your business have coverage. A COI can show proof of general liability insurance or any other type of insurance policy your business carries. Depending on the insurance provider you select, your COI might be automatically delivered to you. Otherwise, you may need to request your COI from your policyholder.
The general liability certificate can be an important document because it can be used to show potential customers, employees, and government officials that you’re protected. For example, if a customer is on the fence about hiring you for a big project, a COI can provide that extra push to show you’re committed to performing the work in a safe and effective manner.Back to TopWhen Do I Need Commercial Auto Insurance?
You need commercial auto insurance for any vehicle that your company uses for business purposes, any vehicle that has a commercial license plate or tag and any vehicle that is registered as a commercial auto.
You must also get commercial auto coverage if your employees will be driving or using vehicles in the course of doing business, whether making deliveries, driving people to the airport or running errands on behalf of the business.
If you use your vehicle for any of the following functions, you may also be required to get commercial coverage:
- Using the vehicle to carry equipment
- Transporting flammable or hazardous material
- Transporting housekeeping equipment for business use
- Using, carrying or transporting cranes, or a winch or plow
- Hiring your vehicle out to tow other vehicles
- Delivering any goods such as pizza or any form of wholesale or retail products
- Delivering newspapers
- Trucking and freight transportation
- Transporting people as a chauffeur, limousine service or taxi service
Some situations and certain occupations may be covered under standard auto policies, but you should always ask your insurance agent if your vehicle use warrants a commercial policyBack to TopWhat Is Workers’ Compensation?
Workers' compensation insurance helps protect businesses and their employees from financial loss when an employee is hurt on the job or gets sick from a work-related cause. Workers’ compensation is also known as workman’s comp, workman’s compensation, and workers’ comp. These terms all mean the same thing and help protect workers from potentially devastating costs of work-related injuries. It also helps protect employers from potential damages that could cripple a business based on workers’ comp claims. Learn more about what is workers’ compensation insurance.Back to Top