If you are wondering when the best time is to get business insurance, the answer is now. The protection it can provide is essential for your business, and some types of coverage may be required by law. The following are six reasons to purchase a business insurance policy now: Some Business Insurance Is Required by State Law Most states require small businesses to carry some type of business insurance. The two types of business insurance most often required by state law are: Workers’ compensation insurance: If you have employees, most states will require you to carry workers’ comp insurance t ..read more

Many people who own homes today rent them out to others. If you are renting out your home, whether on a short-term or a long-term basis, it is essential to understand that your homeowners insurance may not cover losses incurred while the property is being rented. The following is information about insurance coverage for renting out a residence in different scenarios. Short-Term Rentals of a Primary Residence If you are planning to be away from your home and decide to rent it out on a short-term basis, the coverage you need will depend on your insurance company. With a homeowners or renters po ..read more

After the global pandemic, more people are working remotely than ever before. While working from home during the lockdown, many employees became accustomed to the benefits, including greater work-life balance. Managers also became aware of the advantages to companies of having employees work remotely. Moving forward, it is critical to update business insurance coverage to suit the new operating basis. Why Should Business Insurance Be Updated With Remote Workers? Homeowners and renters insurance are not designed to cover businesses. Most policies exclude coverage for any business-related losses ..read more

Whether you’re moving to a new state, selling your car or switching auto insurance companies, there may come a time when you need to cancel your personal car insurance. To help simplify the process, here’s everything you need to know about canceling your auto insurance policy. When Can I Cancel My Car Insurance Policy? When you purchase car insurance, most policies provide coverage for a period of six months to a year. But just because your auto policy has an end date doesn’t mean you have to wait until then to cancel. As a policyholder, you can request to cancel your car insurance at any ..read more

If you’re like many homeowners, you may have received offers in the mail promoting protection plans for exterior utility lines or pipes. And if you’re like most consumers, you’re not quite sure if this protection is something you might actually need. Whose line is it anyway? The reality is that as a homeowner, exterior underground service and utility lines on your property are often your responsibility – and breaks in a line or accidents during digging can happen. If you need to repair or replace physically damaged lines or pipes, the cost can be substantial. In most place ..read more

Small to medium-sized businesses store sensitive personal information for their clients, customers, and employees. They may be more vulnerable to cyber attacks than larger companies with more highly developed security infrastructures. A cyber attack can disrupt the continuity of your business and lead to a costly recovery process. Your business insurance policy may not protect you fully unless it includes cyber liability coverage. What Is Cyber Liability Insurance? Cyber liability is a specialty insurance product designed to protect businesses from internet-based risks and from risks relating ..read more

We’ve all heard stories of car break-ins where thieves target a purse, stereo system or other valuables left inside the vehicle. But recently, a new type of automotive crime is on the rise: catalytic converter theft. According to the National Insurance Crime Bureau, there were more than 64,000 catalytic converter thefts reported in 2022. Thefts increased significantly between 2020 and 2022 – from 16,660 claims in 2020 to 64,701 in 2022! And unfortunately, this alarming trend shows no signs of slowing down. But what exactly is a catalytic converter? And how can you prevent your vehicle from be ..read more

Why Do Single Parents Need Life Insurance? Purchasing a life insurance policy is a smart idea for any family. But in single-parent households, the need is even more important. In a 2022 study from Life Happens,1 two in five parents said they are “barely” or “not at all” financially secure. And when it comes to losing the primary wage earner, the same study found 44% of families would feel financial hardship in less than six months. As a single parent, you are both the sole financial provider and primary caretaker for your children. So purchasing life insurance is a great way to make sure ..read more

If you are opening a small business, you are at the beginning of an adventure that is both rewarding and stressful. In the first stage of opening a small business, putting business insurance in place is a wise decision. Business insurance can protect your business assets, so you are protected against disasters occurring during your entrepreneurial journey. Some small businesses with employees will be required to carry certain insurance policies, such as workers’ compensation or health insurance. Find out five things to consider before you open a small business: Consider These 5 Tips for Your S ..read more

Warm sun. Cool breeze. If you have a boat, you get it: There’s nothing like being out on the water. You cherish your boat, and the memories you make there are the reason your investment is worth every penny. Having the right insurance coverage for your boat can help you float on, worry-free. If you’re ready to buy boat insurance, talk to a local professional. They can talk you through your coverage options so you understand what fits your needs and budget.  For answers to common questions about boat insurance, keep reading. What is Boat Insurance? A boat insurance policy can provide cove ..read more