From birthday presents to business choices, not all decisions are good decisions. We all make bad choices, your insurance agent doesn’t have to be one of them. Make the choice you won’t regret.
Call Insurance Town & Country… we know our clients by name.
- We recently learned insurance agents are receiving demand letters regarding their websites not being ADA compliant for the blind. The solution is often just a call to your website provider to add an accessibility menu to your landing page (see bottom left hand corner of the www.wiaagroup.org site for example). If you have a website, please contact your website provider to verify that your website is in ADA compliance. If you are in the market for a new website, please consider our technology partner, ITC, for exclusive pricing for WIAA members (click here for flyer).
- Please note carriers have either ended or are ending billing leniency for those affected by COVID-19 which means all billing activities including regular bill cycles, late fees, insufficient fund fees, non-pay cancellations and collection activity will resume. Please contact the carrier billing department directly if your insured is still experiencing economic hardship for available options. See below for list of billing hold end dates by carrier and click on carrier names for more detail where available:
- Liberty Mutual: July 15, 2020 for CA, June 22, 2020 for OR and June 15, 2020 for most other states
- Hartford: June 1, 2020
- Safeco: July 15, 2020 for CA, June 22, 2020 for OR and June 15, 2020 for most other states
- Travelers: June 15, 2020 (note that Travelers personal auto customers will also see a 15% credit for their June premiums)
- Nationwide: June 15, 2020
- AmTrust: June 1, 2020
- Berkshire Hathaway (BHHC): July 14, 2020 for CA and June 30, 2020 for all other states
- Employers: June 15, 2020
As with most types of insurance, rates for a business insurance policy vary greatly depending on your business and coverage needs.
While you don’t want to cut yourself short, you also don’t need the highest priced policy to ensure coverage. The key is finding the right insurance that fits your budget while still protecting you.
Before you buy business insurance, consider what you need. If you’re buying far more coverage than necessary, you’re paying too much.
Consider Your Coverage Needs
Anytime you buy a business insurance policy for your Colorado based business, you have to consider what amount you’d need to take care of liability issues and damage to your business and property. For instance, if the value of your entire business is $100,000, you wouldn’t need a $500,000 policy to cover you in the event of property damage.
On average, rates for general liability insurance range from $500 to $2,000 per year for small businesses. This gives you a good idea of how much rates vary based on your industry.
Bundle When Possible
Depending on your needs, you may be able to bundle multiple types of business insurance policies into one business owner’s policy. In most cases, the rate is lower than purchasing each policy individually. This can help you avoid paying too much and having a more budget friendly option.
It’s important to look at what policies are available with a BOP. Sometimes you may still need additional coverage and policies based on your type of business. Talk to your local insurance agent about any possible differences.
As your business changes, so do your business insurance policy needs. For instance, if you’re a service provider, such as an electrician, you may need additional coverage if you’re taking on larger jobs, such as going from electrical repairs for homeowners to large businesses.
A policy right now might be too much because it offers more than you need. A year from now, your business may have grown and you’ll need that larger policy.
Think About Your Business’s Future
If you have a tight budget, every policy might seem like you’re paying too much. However, think carefully about what would happen if you didn’t have coverage. When your business is just getting started, it may be impossible to recover if there’s a natural disaster, break-in or liability case.
Before you think you’re paying too much, look at the peace of mind you’re getting from knowing that your business will survive if the something does happen.
You’re not required to buy a business insurance policy at the first insurance agency you speak with. Talk to multiple companies and compare rates. You should be able to see an average policy rate. You’ll likely find a few that are much higher or lower than the rest. In most cases, it’s best to stick to the average quote to avoid paying too much for the same type of coverage.
When you talk to an agent, you’ll need to provide extensive information about your business in order to get an accurate quote. The more details you have, the more likely you are to get a quote that’s perfect for your exact business. Leaving out anything could result in you paying more than you should.
Ready to discuss insurance options for your business? Contact our team today at our Denver office at 303–388-7216 or our Castle Rock office at 303–688-1251. You can also send us a message any time and we’ll get back to you as soon as possible.
Why You Need Liability Insurance For Your Business
One of the most important things you can buy for your business is liability insurance. Hopefully, it’s something you’ll never need to use, but you’ll be glad to have it if you need it.
No business is perfect and when something does go wrong, you want to know you have some form of protection on your side. This is why you need liability insurance for your business.
From property damage to bodily injury, anything could happen. No business, big or small, is immune from liability issues and it’s always best to be prepared.
What Is Liability Insurance
Liability insurance is also referred to as general liability and commercial general liability insurance. It’s designed to provide coverage for legal defense, damages and other expenses related to liability suits. These policies typically cover damages to property if you rent, injuries related to advertising, physical and bodily injury and slander or personal injury.
People Love To Sue
People love to sue businesses and each other. If someone was to slip inside your place of business, they could sue you for medical expenses, lost wages if they couldn’t work and general pain and suffering. If your advertising could be misinterpreted and someone is injured as a result, you could face a lawsuit. The lesson is no matter how small your business might be or how hard you try to keep everyone happy, people love to find reasons to sue and it could easily happen to your business.
Things Do Go Wrong
Having liability insurance for your business means you have protection when things go wrong. Perhaps an employee didn’t secure a shelf properly and it fell on someone when they walked by. Even though it was an accident, you’re still responsible for your employee’s negligence.
What happens if someone’s microwaving something on a break and the microwave catches fire and burns down part of the building you’re renting? Liability insurance can help cover the damage and prevent costly out of pocket repairs. Trying to predict what might happen is like trying to predict the weather – it’s not a perfect science. It’s better to be repaired than wish you were after the fact.
You Can’t Afford A Lawsuit
Think about the cost of medical expenses. A simple broken leg can cost thousands. Add legal fees to this and you’re looking at an expensive lawsuit. It’s not uncommon for a lawsuit to cost well over $100,000. Legal fees, medical expenses, settlements and more all add up quickly. Could your business honestly afford to pay out of pocket for all of this?
Most liability insurance policies for small businesses are under a few thousand dollars a year. Obviously, that increases for higher coverage limits for larger businesses. However, annual premiums just a fraction of the cost of a lawsuit. Paying a little now helps ensure that you can afford a lawsuit if it does happen to you.
Protect Your Business’s Future
Sadly, many businesses look at the cost of premiums and feel like it’s an unnecessary expense. Instead of seeing it as an expense, look at liability insurance for your business as an investment in your business’s future. You already invest in maintaining a nice business, hiring great employees, marketing products and services, securing your business and more.
Why not invest in protecting your business’s future too? A single lawsuit could bankrupt your business if you’re not prepared. Even if you could handle a single suit, what happens if multiple incidents happen at once? Consider this – if annual premiums seem expensive, imagine how you would pay for a lawsuit? Hundreds of thousands of dollars could spell the end of your business. With liability insurance, lawsuits still aren’t fun, but they won’t mean your business is done and over with.
Want to learn more about liability insurance for your Colorado business? Contact the friendly team at Insurance Town & Country today to discuss your coverage needs. You can also call us directly at our Denver office at 303–388-7216 or our Castle Rock office at 303–688-1251.
Workers Comp Insurance
If you own a business, you understand the value and importance of your employees. You also understand the needs of protecting your own employees with Worker’s Compensation Insurance. Simply known as “workers comp” — this type of insurance will protect both your employees and your business from various on-the-job mishaps. Although subject to specific terms and conditions, Worker’s Compensation can cover financial obligations such as:
• An injured employee’s medical expenses/treatment
• The replacement of lost wages from injury time off
• A company’s legal fees in the case of a lawsuit
WHY GET IT?
Aside from many businesses requiring workers comp insurance, most states require this type of insurance by law as well. These laws are designed to ensure that employers are covering some part of the payment for workers’ on-site injuries or even possible occupational health risks.
WHAT ARE THE BASICS?
Worker’s Compensation will usually only cover on-site or work-related injuries and illnesses. However, it is important to know your industry and check your policy because “work-related” can have a wide array of meaning. Accidents including heavy machinery, wet or oil surfaces, fire and explosions, and even simple slip ups with a stapler can all be considered under the blanket of Worker’s Comp. If your company does not offer Worker’s Compensation, these type of injuries or illnesses that occur on the job could lead to an employees suing your company for damages.
Call Insurance Town & Country today and speak with one of our insurance professionals. We will discuss to you the various insurance policies needed to keep your business and its employees protected! Protect Your Employees with Worker’s Comp. We have offices in Denver (303–388-7216) and Castle Rock (303–688-1251). Call us today to schedule your consultation!
SMART AUTO INSURANCE SHOPPING
We all know that buying a car is a big deal. The first step is generally surface level decisions — make, model, color. After that, it is important to think about what’s “under the hood” — price, gas mileage, features.
But don’t stop there.
It is also important to consider the cost of auto insurance into your total budget. Every driver needs it, and there are no short of options out there for buyers. Insurance Town and Country can help. Below are some topics to consider when you are doing your auto insurance homework.
Types of Auto Insurance
- Liability Coverage — This will pay for damage to other vehicles or injuries to other people that have been caused by you.
- Physical Damage Coverage — This will pay for you damage to your vehicle.
Amount of Coverage
- Every person is different in their driving needs. Some may only want the bare-minimum coverage, while others want insurance coverage for just about every one of life’s roadside surprises. The state you live in will determine the amount of minimum coverage required. From there, it will be up to you to consider your own budget, lifestyle and comfort level to determine which auto insurance suits your needs.
Rate of Coverage
- This will be based on several factors, including information about your vehicle and previous driving record. Let Insurance Town and Country give you very competitive auto insurance quotes in Denver. Depending on your personal driving information, we will be able to help determine the appropriate level of coverage and rates for your lifestyle.
Insurance Town & Country is available to help you make informed decisions regarding your auto insurance. Our experienced business insurance and insurance professionals will help you consider your options and assist you in selecting the coverage that’s right for you. We have offices in Denver (303–388-7216) and Castle Rock (303–688-1251). Call us today to schedule your consultation for business insurance, and let there be one less thing to worry about when you’re buying a car!
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This year you’re going to do it! You’ve made your resolutions and you’ve already hit the gym a couple of times, but you’re not in the greatest shape. You’re in a vulnerable position where you could easily overwork yourself, strain a muscle, or hurt yourself on one of the machines you’re not quite sure how to use. Not to mention that it’s super cold and icy, what if you slip and fall on the ice or get sick because your immune system is compromised? How are you going to pay to visit the doctor? Let us help.
Insurance Town & Country offers several flexible health insurance policies that fall into various plan categories. Each type of category has its pros and cons, but we’re sure that there is one that meets your needs and fits in your budget. The coverage definitions are listed below, read over the short description of each and contact us at either of our locations listed below for a more in-depth assessment of your needs to find the plan that makes sense for you.
Copay - The copay is the amount of money the insured must pay out of pocket for a particular visit or service.
Coinsurance – Coinsurance means that the insured pays a certain percentage (usually 20% or 30%) of the total cost of medical care. A coinsurance plan may or may not be combined with a copay provision.
Deductible – The deductible is the amount that the insured must pay before the plant starts paying. These plans always cover preventative care services even before the deductible has been reached. A wide range of deductibles are available, depending on whether the coverage is for an individual or family.
Health Savings Account - Health Savings Accounts (HSA) must accompany a high-deductible plan. Participants qualify for a tax deduction on the money they deposit in the account. Preventive care is always included in these plans without having to reach the deductible first.
Denver Office Castle Rock Office
1735 E. 17th Ave. #3 513 Wilcox St. #200
Denver, CO 80218 Castle Rock, CO 80104
Phone: 303–388-7216 Phone: 303–688-1251
Email: firstname.lastname@example.org Email: email@example.com
Merry Christmas to all of our friends, family, clients, and strangers! This December 25th is about much more than exchanging gifts. It is the day Insurance Town & Country, celebrates the birth of Jesus Christ.
This holiday season we at Insurance Town & Country want to do more than just wish you a Merry Christmas and Happy Holidays. We want to thank all of our clients for their business and we want to encourage those of you who are not clients, to give Insurance Town & Country a chance to earn your business. We wish all of you the best in 2016!
Joan, Jeremy, and the whole Insurance Town & Country Team