Tag Archives: Business Owners Insurance

Paying For A Business Insurance Policy – How Much is Too Much?

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.

business-insurance-policy

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 …

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.

business-insurance-policy

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.

Reassess Annually

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.

Compare Rates

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

Why You Need Liability Insurance For Your Business

itc-liability-insurance

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 …

Why You Need Liability Insurance For Your Business

itc-liability-insurance

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.

auto insurance distraction
auto insurance distraction

SMART AUTO INSURANCE SHOPPING

SMART AUTO INSURANCE SHOPPING

business insurance denverWe 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…

SMART AUTO INSURANCE SHOPPING

business insurance denverWe 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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Plan for a Healthy 2016 with Great Health Insurance!

health insuranceThis 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 & …

health insuranceThis 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:
contact@insurancedenver.net                        Email: contact@insurancedenver.net

Merry Christmas from Insurance Town & Country!

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 …

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!

Warm regards,

Joan, Jeremy, and the whole Insurance Town & Country Team

Group Health Insurance: The Perfect Gift for Your Employees

The holiday season also means that it’s flu season. High stress, cold weather, and family gatherings make a perfect storm of germs attacking the weakened immune systems of your employees. If you’re employees are sick, it’s best that they can afford great care and stay out of the office while they are on the mend. The next month is prime time for employees to start requesting additional hours, working overtime, and coming in when they should probably just stay home so that they can save up for Christmas gifts. While your workers have good intentions when this happens, it will …

The holiday season also means that it’s flu season. High stress, cold weather, and family gatherings make a perfect storm of germs attacking the weakened immune systems of your employees. If you’re employees are sick, it’s best that they can afford great care and stay out of the office while they are on the mend. The next month is prime time for employees to start requesting additional hours, working overtime, and coming in when they should probably just stay home so that they can save up for Christmas gifts. While your workers have good intentions when this happens, it will likely lead to less productive employees and consequently worse customer service and a lower bottom line.

We recommend providing employees with great health insurance options. If your workforce isn’t afraid that getting the necessary medical care and prescriptions will be too expensive, they will be more willing to seek out treatments and preventive care that will keep them healthy, productive, and present at work. Contact us at either of our locations below to discuss your current insurance policies, your company size and the level of care you want to provide. Our Commercial Insurance Specialists will work with you to find a plan that fulfills your needs and fits your budget; after all, an investment in your workforce truly is the gift that keeps on giving.

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:
contact@insurancedenver.net                        Email: contact@insurancedenver.net

This Thanksgiving be Thankful for Great Insurance

As you join your family and friends around the dinner table this Thanksgiving and give thanks for all you have, we want you to feel safe knowing that your belongings and loved ones are protected. The holidays are packed with love and excitement, but they can sometimes lead to a number of insurance claims. Below we have described some of the most common holiday insurance claims and linked to more information about the policies that we provide which protect against those kinds of claims. We hope that you don’t need to make a claim with us this holiday season, but …

As you join your family and friends around the dinner table this Thanksgiving and give thanks for all you have, we want you to feel safe knowing that your belongings and loved ones are protected. The holidays are packed with love and excitement, but they can sometimes lead to a number of insurance claims. Below we have described some of the most common holiday insurance claims and linked to more information about the policies that we provide which protect against those kinds of claims. We hope that you don’t need to make a claim with us this holiday season, but we’re always glad to know that you are protected if you do. Contact us at either of our locations listed below if you have any questions regarding any new or existing policies.

Auto Insurance Claims: Worsening weather, darker evenings, and holiday stress lead to a lot of automobile collisions. Whether you hit an ice patch in the road or get struck by a drunk driver, a good auto insurance policy can help get you back on the road without taking presents from under the tree.

Health Insurance & Life Insurance: As we mentioned in Auto Insurance Claims, a lot of people experience holiday stress. This could come from the anxiety of hosting Thanksgiving Dinner for your family, exhaustion from working a seasonal part-time job, or even the depression of not being able to make it home to see your loved ones. In any case, this increased stress can lead to serious medical issues that require hospitalization and in some cases result in death. We offer Health and Life Insurance Policies that can help keep your family protected from possible bankruptcy due to a head-of-household illness or death.

Homeowner’s Insurance: Big meals and exuberant decorations, both of these are fire risks. Deep fryer fires, Christmas tree fires, or knocking over the Menorah, our traditions can leave our homes in an unfavorable position during the late months of the year. Additionally, strong winds, extreme cold, and other severe weather can do a lot of damage to your house. Finally, if you are travelling for the holidays your house is at risk for burglary and theft, without sufficient Personal Property Insurance you may be left out in the cold if your presents end up under someone else’s tree.

 

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:
contact@insurancedenver.net                        Email: contact@insurancedenver.net

Great Business Insurance for Denver and Castle Rock

At Insurance Town & Country, we pride ourselves in our customer service.  Our customers are our friends and family, they are our neighbors and the members of our professional groups.  It is our relationship with our customers, our relationship with you that drives us to work harder to make sure that your insurance policies work for your growing business.  Below we have listed several of our popular business insurance policies with a short explanation of their purposes.  If you have any questions or would like to discuss the insurance needs of your small or medium business, please contact us at …

At Insurance Town & Country, we pride ourselves in our customer service.  Our customers are our friends and family, they are our neighbors and the members of our professional groups.  It is our relationship with our customers, our relationship with you that drives us to work harder to make sure that your insurance policies work for your growing business.  Below we have listed several of our popular business insurance policies with a short explanation of their purposes.  If you have any questions or would like to discuss the insurance needs of your small or medium business, please contact us at either of our locations listed below.

  • Commercial Property Insurance
    • Protects your Building and Business Personal Property.
  • Commercial General Liability
    • Prevents major financial losses if your business is sued or held legally responsible in the event of bodily injury or property damage.
  • Commercial Auto Insurance
    • Provides a diverse and extensive set of policies to protect the mobile parts of your business, including their cargo.
  • Business Owners Policy (BOP)
    • Combines various coverage options into one convenient package for more benefits than a typical business insurance policy and better savings through competitive pricing.
  • Inland Marine Insurance
    • Protects your mobile equipment and tools while not on your premises from theft and damage, including during transportation or at a different location.
  • Commercial Umbrella Insurance
    • Provides additional coverage for your business for a variety of situations including accidental injuries, libel, slander, or invasion of privacy, company vehicle accidents, and more.
  • Workers Compensation
    • Covers the expenses that originate from an employee being injured on the job, including medical expenses/treatment and the replacement of lost wages from injury time off.
  • Crime Insurance
    • Protects your business against crime and employee dishonesty.

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:
contact@insurancedenver.net                        Email: contact@insurancedenver.net

Veteran’s Day: Respecting Our Military Families

Veteran’s Day can raise several emotions for different people,  pride, patriotism, and honor, are a few that come to mind; but for many families with loved ones deployed overseas, Veteran’s Day is a reminder of the fear and uncertainty of the safety of their sister, father, cousin, son, best friend, or significant other.  In America, we are fortunate to have a diverse population who celebrate this holiday in their own unique way.

Everyone at Insurance Town and Country wants you to thoughtfully experience Veteran’s Day this year.  Whether you make the time to speak with your loved ones based far …

Veteran’s Day can raise several emotions for different people,  pride, patriotism, and honor, are a few that come to mind; but for many families with loved ones deployed overseas, Veteran’s Day is a reminder of the fear and uncertainty of the safety of their sister, father, cousin, son, best friend, or significant other.  In America, we are fortunate to have a diverse population who celebrate this holiday in their own unique way.

Everyone at Insurance Town and Country wants you to thoughtfully experience Veteran’s Day this year.  Whether you make the time to speak with your loved ones based far away, volunteer or donate to veteran support group, or just spend time appreciating the beautiful parks, towering skyscrapers, and museums filled with art and history that American Veterans have risked their lives to provide unto you, please keep the brave men and women of our military in your thoughts today.

Thank you to all of the members of our armed forces for your service and valor.  We invite you to stop by either of our locations and tell us about American History… Tell us Your Story.

Forever in gratitude,

Joan, Jeremy, and the Insurance Town & Country Team

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:
contact@insurancedenver.net                        Email: contact@insurancedenver.net

Insured for the Holidays: Fire Insurance

Every year we hear about fires that happen over the holidays.  Since it is the beginning of the holiday season with Halloween having just passed and Thanksgiving right around the corner, we need to discuss the importance of making sure that you completely thaw out your turkey before attempting to deep fry it.  The ice and cold water WILL REACT with the hot oil and can cause an explosion!

Fortunately, you don’t have to test this theory out.  Our friends at the City of Danville, Kentucky Fire Department have put together a video that shows just how a grease fire …

Every year we hear about fires that happen over the holidays.  Since it is the beginning of the holiday season with Halloween having just passed and Thanksgiving right around the corner, we need to discuss the importance of making sure that you completely thaw out your turkey before attempting to deep fry it.  The ice and cold water WILL REACT with the hot oil and can cause an explosion!

Fortunately, you don’t have to test this theory out.  Our friends at the City of Danville, Kentucky Fire Department have put together a video that shows just how a grease fire can occur when deep frying a turkey.  Please take the time to watch this video and then contact us about your homeowner’s policy and your fire insurance coverage by using the information provided below.  Please share this video with your friends and family as well.  If it could save a life, it’s worth sharing.

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:
contact@insurancedenver.net                        Email: contact@insurancedenver.net