Commercial insurance coverage in Burlington, NC is not a one-size-fits-all solution and can be dependent on a number of different factors for the business. An agent at Don Allred Insurance can help find the right insurance coverage.
First, understand your business needs and value your belongings and merchandise. Remember that if you need to make a claim, the insurance company is going to use the value of your belongings and not what you paid for them. Used equipment is not going to be valued as high as new equipment. There are different industries that have more risk factors, and you should take those risk factors into account when determining the amount of coverage you need. The different risk may also require different policies, such as commercial auto insurance or more workers compensation insurance protection. If you have expensive machinery, don’t forget to add more coverage. You know your business the best, so while your insurance agent can help, you need to think about the day-to-day operations of your business. Don’t let premiums be the only thing that determines your decision. It’s important to have sufficient coverage to handle any claims you may have.
When comparing policies, it’s important to read the fine print and understand what each policy is covering to determine which one is the best. While it’s necessary to find a policy that suits your business needs today, make sure to think long term. Will your policy be able to cover your future needs? Can it grow with your businesses? Think about what you will be offering your customers in 5, 10 and 15 years, and consider how your policy needs will change. It’s still important to go over your policy on a yearly basis in order to keep up to date on coverage.
Contact Don Allred Insurance serving Burlington, NC to get a quote on commercial insurance.
When a family has a new baby, the parents want to do everything they can to protect the baby from harm. It is a good idea to have an insurance review with an agent from Don Allred Insurance, serving Burlington, NC, and the surrounding area, to adjust the life insurance coverage of the parents to protect the baby if something happens to one or both of the parents.
Some parents also like to get life insurance for their baby, not because there is such a great risk for the baby but because whole life insurance when purchased at a young age is very inexpensive and is an investment that gains cash value over the years.
How much life insurance is adequate?
The amount of life insurance that parents should consider is what would cover the loss of parental income for the years that the baby needs to grow up. Most calculations of this amount are for 18 years or for 21 years.
Some parents like to add the estimated cost for the baby to attend a college or university as part of the life insurance coverage. It is nice to add a bit more to give the young person a secure start in life without having so much financial stress.
What type of life insurance is a good choice?
Life insurance is offered in two basic categories with a number of variations. The life insurance that serves as an investment is in the category of whole life. This category includes universal life insurance also. This type of insurance builds up cash value over time as the premiums are paid.
Term life insurance pays beneficiaries upon the death of the insured person; however, it does not build cash value. There are also many other types of life insurance that are suitable for different needs and goals.
Contact an agent at Don Allred Insurance in Burlington, NC to get professional advice about the different types of insurance that are available and get a quote for life insurance to provide protection for your lovely new baby.