Our mission is to provide a broad range of insurance products that meet the very needs of our customers. Whether it be insurance for your business or personal insurance needs such as home and auto insurance, umbrella or life and health insurance, we can coordinate coverage and offer excellent value.
After a fire or other catastrophe shuts a business down, business owners may have insurance that covers all the property losses, but how will they manage to keep going until their building, inventory, and records are back to full production? The answer comes in the form of “business interruption insurance.” While standard property policies provide protection from direct losses, business interruption insurance covers consequential losses that result from the disrupting effects of property damage. This is important because the monetary value of an indirect loss can easily exceed the amount of the underlying direct loss. Business interruption insurance pays for lost net income; relocation to a temporary site; and continuing expenses such as advertising, salaries, mortgage, and taxes.
NOTE: Although commonly overlooked without guidance from an insurance professional, business interruption insurance may be the most valuable insurance that a business can have.Read More
Most breadwinners with family responsibilities do not give disability insurance the same amount of consideration that they give to life insurance. However, heads of households may want to consider that just over one in four of today’s 20-year-olds will become disabled before they retire. This statistic alone should lead them to consider what would happen to their families if they were to lose their ability to work, even for a relatively short period of time. While some companies provide group disability insurance to their employees, the policies may be limited in their coverage. Private disability insurance is available as a supplement to group disability insurance, or it can provide protection for employees with nothing else to rely on.
NOTE: While those working in laborious jobs might be expected to be more vulnerable to injuries that lead to disability, cancer does not care what your job is.Read More
One way to calculate how much life insurance you need involves figuring how much investment capital it would take to replace all of your income for two decades or longer if it were invested in secure Treasury/municipal bonds and certificates of deposit. Another approach focuses on four categories of need. The first, funeral/burial expenses, ensures that beneficiaries will receive up to $20,000 in tax-free proceeds faster than they would from an estate. Next, mortgages and other debts are taken into account so that surviving members don’t have to face the prospect of needing to sell the family home. Lastly, add the (future) cost of education as well as your current pretax earnings (until retirement) to your family’s income replacement needs.
NOTE: Use the calculation of need in the above four expense categories to get an estimate of how much life insurance is appropriate, then fine-tune the numbers to reflect personal circumstances.Read More