According to the latest surveys by major insurers, small to medium-sized businesses have a number of critical gaps in their insurance coverage. The reasons for gaps vary; not fully understanding how certain coverage applies to their business, buying insurance from a captive agent who can’t provide the coverage, thinking their commercial coverage provides the coverage and finally believing they don’t have the risk.
Here are the coverage’s you should consider to make sure you are adequately protected.
Pollution Liability- Protects against the liability that comes with polluting the environment including restoration and cleanup, liability for injuries and deaths caused by pollution.
Cyber Liability- Cyber liability is the risk posed by conducting business over the Internet, over other networks or using electronic storage technology. It covers third-party losses from hackers, theft, and loss of information including sensitive client or individual personal information.
Directors & Officers Liability- Covers costs, damages, and defense protection to directors and officers of a company resulting from lawsuits and judgments arising out of poor management decisions, employee dismissals, shareholder grievances, and other such acts committed in good faith.
Employment Liability- Employment Liability provides protection for an employer against claims made by employees, former employees, or potential employees. It can cover discrimination (age, sex, race, disability, etc.), wrongful termination of employment, sexual harassment, and other employment-related allegations.
Professional Liability- Insurance that is designed to cover third-party claims, damages, and claims arising out of providing professional advice. Many firms create legal obligations arising out of a professional's errors, negligent acts, or omissions during the course of providing services to clients.
We are ready to help you better understand your risks. Please call our office today.
Contractors insurance provides insurance and risk services to the construction industry. Insurance can play an important role in; on time and on budget projects. If your insurance coverage is not written correctly, your business may not survive financially. Your success depends on proper planning, whether you're estimating a project, hiring good people, protecting your business with comprehensive commercial insurance, or selecting your insurance agent.
You can depend on our team of construction professionals to design, build, negotiate, and implement an insurance program that fits your individual needs. As your insurance partner, we will create and deliver insurance solutions today to keep you in business tomorrow.
Our insurance agency has created and developed strategic partnerships with many highly rated insurance companies. Our goal is to create the right combination of coverage, price, and service that exceed your expectations.
Over the years our construction professionals have worked with many different kinds of construction firms, including:
Having the right insurance coverage and the right agent is an important part of managing construction risks. As a contractor, your insurance needs can change quickly. You need an insurance agency partnering with you to make sure your company’s unique needs are addressed.
Protect what matters most to you and your family with Car, Home, Health, Life & Business insurance. We offer the best combination of competitive rates, coverage and personal service in St. Louis Park.
The modern world is filled with risks. From car accidents to slip and fall incidents in the home, the possibility of being sued is a real possibility every person needs to take into account. Nearly everyone accounts for this risk by buying insurance. Personal umbrella insurance takes this concept to a new level.
Insurance is a staple of any financial plan these days. There is an inherent weakness with every policy, however. Let’s consider your car insurance. It covers you in case of a collision with another party. A typical policy might payout up to $50,000 per claim with a total payout per year of $100,000 regardless of the number of claims.
Let’s assume you are late to work one morning. You try to make it through a yellow light, but it turns red. Traffic proceeds from the crossroad and you hit someone. Your car insurance will pay up to $50,000 to make them whole, but what if it is going to cost more than $50,000? What if they sue you for $250,000? Now you have a problem.
Every insurance policy has a limit. This “policy limit” defines the maximum amount the insurance company will pay out on claims made against you and the policy. Claims can often exceed these limits in worse-case situations, leaving you on the hook for any additional amounts due.
Personal umbrella policies are designed to address the shortcomings of policy limits. Umbrella policies cover liability claims in excess of the policy limits for your primary insurance. In our car accident example, the umbrella policy would pay any amounts due in excess of the $50,000 covered by your primary car insurance policy.
Umbrella policies let you sleep peacefully at night. It is as simple as that. If you have a child who has just started driving, you can sleep blissfully knowing the umbrella policy will cover any disasters caused by their inexperience behind the wheel. So request an umbrella insurance quote now.
Umbrella policies are typically written in increments of a million dollars of coverage. This means you can purchase one million, two million or more in coverage in addition to your underlying policies. If you purchase a million dollars in coverage, for example, the policy would cover any liability claims in excess of your $50,000 car insurance policy up to $1,050,000.
Umbrella insurance cost: Umbrella insurance policies are surprisingly inexpensive, which makes them a wise choice for most individuals. The premiums are usually shockingly low because your primary insurance policies are usually going to cover any claims. Given this, the insurance company writing the umbrella policy faces a low probability that it will ever have to pay on the policy. In exchange for this low payout risk, the insurance company provides you with low premium costs.
Is purchasing a personal umbrella insurance policy a smart move for you and your family? Absolutely. You gain the peace of mind of knowing you are covered should things go very wrong and at a very low premium cost. Contact us today for a no-obligation quote on a personal umbrella policy for your current situation.
An Auto Insurance Update
As we start the new year, everyone is looking to save money on auto insurance. Don’t shop online as you may get cheap auto insurance, but it may not be there when you need it the most. Call our office; we will do the shopping for you.
We are always searching for ways to help our clients save money on their auto insurance. Saving money is a relatively quick way to lower the cost of operating your car and can be accomplished with a quick phone call to our office. There are many ways to reduce your auto insurance costs without eliminating needed coverage. Here are a few ideas to consider:
Use an independent agent to provide a quote. We are independent and have access to many markets that offer competitive premiums on auto insurance.
Many insurers offer discounts on your auto insurance if your car has some of the following features:
Multi-vehicle discount (if you have more than one vehicle on the policy).
Good student discount.
Good driver discounts.
Consider raising your collision and comprehensive deductibles if your vehicles are older.
Customer loyalty- if you stay with a company for a period of time, you can receive discounts each year.
Drive safely and don’t get tickets.
Consider insurance when making your car purchase. Some vehicles are more expensive to insure.
When it comes to shopping for a home, motorcycle, RV, or auto insurance, you have a variety of choices. You can call the number advertised on television or shop at a local big-named brand, but you will only have one option. Independent insurance agents represent a variety of insurance companies, not just one, as most others advertised on television do. Significant advantages exist for shopping with a local agent. Not only will you be able to compare prices, but you will also benefit from the following:
We can assess your circumstance and coverage needs and match you with the company that will provide you with the most discounts along the way. Among these are safe driver, no claims, home and auto bundles, veterans, low miles, teen drivers, and paid in full coverage. There are numerous discounts available.
We Are independent
Independent agents, we can provide impartial advice to our clients. After all, we work for you, not for an insurance company in particular. As a result, when you obtain a quote or policy through us, we take care to match you with the carrier that offers the best options for your specific needs.
Our job is to guide you through the maze of policy options and to address any concerns or questions you may have along the way. We've served hundreds of customers successfully and are committed to treating each individual with dignity and compassion. Insurance shopping can be challenging, but our staff does the legwork for you. Maintain your peace of mind by knowing that our insurance professionals are looking out for your best interests.