Today, most entrepreneurs are operating their businesses at home. There are technological advancements to support home-based businesses, and there is no doubt that this is the future of entrepreneurship. It is a cheap way of dealing with your customers while at the same time staying close to your family. However, if you’re a Shelton, CT resident, you might be wondering whether your home-based business needs commercial insurance.
Every Business Needs Commercial Insurance
According to Goodman Insurance Inc., just because you are operating your business at home does not mean that you are not exposed to the different risks. Your business is still facing the same risks that other mainstream business organizations are facing, which means that you need the necessary commercial insurance policies for your organization.
Even when operating at home, you have several properties that you use to run your entrepreneurship. Equipment such as fax machines, printers, and computers are essential in your daily business transactions. You need property insurance to cover the damages or loss of these tools.
You might have customers who have been visiting your home for business purposes. In this case, you need to have liability insurance to cover the damages to the properties or people visiting your home-based business. If you don’t have liability insurance, your organization will have to cover such liabilities.
There are other essential aspects of your home-based business that you would like to cover. For example, if you have employees, you need to have employee compensation insurance and other necessities to protect your organization.
Getting commercial insurance policies for home-based businesses in Shelton, CT, might sometimes be challenging, especially from conservative insurance companies. However, Goodman Insurance Inc., a progressive insurance company, already understands that there are many home-based companies and is ready to provide various insurance types to such organizations.
Goodman Insurance Inc. is a leading insurance company in Shelton, CT, that has been helping the community to get the right insurance policies. Life insurance remains to be one of the major products that the company has been selling to its customers. So, here are some of the primary reasons why life insurance is right for you if you don’t have one.
Paying Final Costs
You don’t want to leave your family suffering after your death due to unpaid bills. Having a life insurance policy can be the best strategy you can use to pay the final costs such as funeral expenses and medical bills not covered by health insurance, cremation expenses. It can also be used to pay estate costs and any other unpaid obligations that you will be leaving behind.
For Inheritance Purposes
You can use your life insurance benefits as an inheritance for your loved one. However, you must make sure that you name the person who should receive the benefits after you pass on. There have been very many legal cases that have arisen in recent years, where many people did not name the rightful beneficiaries in their life insurance policies.
You can create a life insurance policy while at the same time naming your favorite charity as the ultimate beneficiary. The benefits will be provided to your charity of choice. This is an essential strategy that philanthropic individuals are using to ensure that their charitable activities continue to operate long after they are gone.
Do You Need Life Insurance?
As you can see, you will always benefit from having life insurance. However, the process of picking this cover is complicated, and you need an experienced hand to help you out. At Goodman Insurance Inc., we’re dedicated to helping people living in Shelton, CT, and the neighboring communities. You can call our experts for more specific details on life insurance.
You need to find a home insurance policy in Shelton, CT that will give you peace of mind and financial security. We can help you meet your home insurance needs at Goodman Insurance Inc.
The following are three types of coverage you need on your Connecticut home insurance policy.
If an accident occurs on your property in which another person is injured, you could be held liable for the resulting expenses. If you have a home insurance policy with liability coverage, your liability coverage will pay for the resulting expenses.
It’s important to have adequate liability coverage to protect yourself against the costs of lawsuits resulting from injuries on your property.
Home insurance policies can cover your possessions that you keep within your home. A home insurance policy should include contents coverage to cover your belongings.
When determining how much coverage you need, it’s important to consider the value of the possessions you have in your home. If you have highly valuable items in your home like expensive electronics or collector’s items, you might need to invest in added coverage.
Water and sewer backup coverage
If the water or sewer lines in your home become backed up in your home, your property could become severely damaged. That’s why it’s a good idea to include water and sewer backup coverage on your policy. This type of coverage can pay the costs of restoring your water and sewer lines to working order. Water and sewer backup coverage can also pay the costs of water damage remediation if necessary.
Let us answer your home insurance questions in Shelton, CT. Contact us at Goodman Insurance Inc. with your inquiries regarding home insurance coverage in Connecticut.
Based in Shelton, CT, Goodman Insurance Inc. serves the community by offering residents different types of insurance coverage. We enjoy helping our clients locate the policies they need to protect their assets. We have partnerships with several insurance carriers on the East Coast.
Why Commercial Liability Insurance Is An Asset
As a Shelton, CT business owner, commercial insurance is an asset that helps you take care of your investment. The policy protects your business’ physical property if it is vandalized or damaged due to a natural disaster. The policy also covers any damage to your equipment as well as the total loss of your inventory due to theft or a natural disaster. However, one of the most important parts of the policy is commercial liability coverage.
Commercial liability insurance covers your business if you are involved in a serious liability dispute. The policy primarily covers your business in the event of a serious injury to your employees or one of your customers. You will be protected if one of your employees is injured in the workplace or if one of your patrons suffers an accidental injury while visiting your business. The policy also protects your business if someone suffers damages due to your business’s defective equipment.
If you use commercial vehicles, you can amend your policy to protect your assets if you or one of your employees are involved in a collision with another vehicle or object. You’ll also be covered if your vehicles are damaged or stolen. If you operate a technology-based business, you can amend your policy to cover you if you are involved in a liability dispute due to slander or copyright allegations.
Goodman Insurance Inc. Will Help You Protect Your Investment
Visit our website to learn more information on commercial insurance.
If you want to protect the future of your loved ones, you need life insurance. This policy will make sure that after you’re gone, your family will be financially taken care of for many years to come. If you don’t already have a life insurance policy or are considering buying a new one or upgrading an existing one, read on to learn about three tips to help you get started.
1. Work with a Reputable Agent
Your first step toward acquiring life insurance is to connect with a reputable insurance agent serving Shelton, CT. This agent will ask you a few questions to determine how much coverage you need. From here, he or she can find a few quotes for you to compare. This is a great time to ask questions to make sure you understand the difference in coverage and cost.
2. Compare Many Quotes
It’s important to compare more than one life insurance quote when looking to purchase a policy. Not only policies in Shelton, CT are the same and although you may get excited about the first quote you get, but there could also still be a better one out there. Your reputable insurance agent at Goodman Insurance Inc. will help you with this.
3. Bundle Your Policies
It’s highly probable you already have some insurance policies, such as home and auto, two of the more common to have. When you bundle your policies under one carrier, you can save on your premiums. Ask your reputable insurance agent to help you do this.
To learn more about purchasing a life insurance policy to protect your loved ones, contact the team at Goodman Insurance Inc. Our friendly team of reputable agents are standing by to take your call and help your purchase a new life insurance policy.
Water damage can have many causes. As a homeowner in the Shelton, CT area, it’s a good idea to know what is covered by your insurance and what is not. While any type of water damage must be repaired quickly to prevent the growth of mold and bacteria, having it covered by your insurance will make the process go must faster. The agents of Goodman Insurance Inc. can help you figure out what your insurance covers and how to file a claim.
Frozen/Burst Water Pipes
The damage caused by frozen or burst pipes is normally covered by homeowners’ insurance policies. This is usually not a preventable event. The extent of the damage will be determined by how quickly the burst pipe is found and the problem is taken care of.
Faulty plumbing can also lead to water damage. In many instances, a leak or other issue may not be noticed until extensive damage has occurred. Inspecting your plumbing regularly will give you an opportunity to discover problems with faulty plumbing early and prevent water damage.
What’s Not Covered
There are several types of water damage that are not covered by homeowners’ insurance. While water damage caused by strong storms is covered, flood and hurricane damage is not. Those require separate policies. Sewer back-ups are also not covered by many homeowners’ policies.
In Shelton, CT, the agents of Goodman Insurance Inc.can help homeowners go over their policies to determine what types of water damage are covered and which ones are their responsibility. Understanding what a policy includes is important when trying to protect your home. Contact an agent today for and schedule a policy review!
Shelton, CT continues to be a great place for anyone to own and operate a business. There is a great local economy, a strong population base, and other factors that can help a small business thrive. Those that do own a company here need to make sure they are protecting it as well as possible. There are several reasons why a company here may need commercial insurance.
One reason that you may need to get a commercial insurance policy is that it could be a requirement for your business. Many businesses today are obligated by law, investors, landlords and lenders to carry insurance. These entities and stakeholders know the value that commercial insurance provides and they then will want to ensure you have the coverage necessary to protect their investment or capital in your company.
To Protect Organization
Even if it is not a requirement for you, you also will want to get commercial insurance because it can protect your organization. A full commercial insurance policy will give you a variety of forms of protection that can mitigate risks. Some forms of protection that are included are liability risk protection and property damage protection. In the event that something bad happens, this coverage could help to keep your company solvent.
Anyone that is going to start a business in the Shelton, CT area is going to be taking on a lot of different risks. To mitigate these properly, you should reach out to the team at Goodman Insurance Inc. Since it can be hard to choose a policy that is right for your situation, Goodman Insurance Inc. can make it easier for you. They can answer the questions that you have and give advice that is curtailed for your business needs.
The average person in the Shelton, CT area will have a variety of personal insurance requirements and needs. One form of insurance that nobody in this area should overlook is life insurance. When you get this form of insurance, you will benefit in several different ways. There are several reasons why you should get a life insurance policy.
Need to Protect Dependents
One reason that you may need to get a life insurance policy is that you need to protect your dependents. If you have people that rely on you and your income, it is important that you ensure they have financial protection if you were to pass away. When you get a new life insurance policy, you are going to be providing this protection to ensure that your dependents and loved ones are cared for.
Need to Add to Investment Portfolio
While the primary benefit of life insurance is that it will give you financial protection to your dependants, it can also be a good addition to your personal investment plan. When you get a whole life insurance policy, the premium payments can seem more expensive than with a term life policy. However, a portion of your life insurance policy with whole life will build in an account that you can liquidate in the future. This will also accrue in interest, which can make it a conservative investment option.
As you are shopping for life insurance in the Shelton, CT area, you should spend time considering your insurance needs and options with Goodman Insurance Inc. When you call the insurance team at Goodman Insurance Inc. you can learn a lot more about how life insurance can help you protect your loved ones and achieve your financial goals. They can also help you pick a policy that meets your needs.
Generally speaking, if you’re a responsible Shelton, CT homeowner, if you pay your premiums on time, your home insurance company won’t have any reason to drop you. But it happens. Here are some common reasons why your policy might be canceled:
- High-risk pets. Certain dog breeds and exotics, like snakes, can be a problem for insurance companies. If you’re considering adopting a new pet, you’ll want to talk to your insurer first and see what’s covered. Trying to keep a pet a secret from your insurer is not worth the headaches.
- Old roofs. It varies from insurer to insurer, but most will ask that you replace your roof every 20 to 30 years. Decades worth of water damage can add up, and the damage will be felt from the top down.
- Too many claims. You generally want to file once per term, if you can help it. Your insurer probably won’t immediately cancel your policy for filing twice in a year, but if you’re a habitual claim-filer, they’re going to eventually decide that they’re being taken advantage of.
- Your insurer is no longer covering your city. This happens all the time, and there’s not much that can be done about it. On the upside, this isn’t going to reflect poorly on you when you go shopping for a new policy, but it will leave you without protection if you don’t plan ahead.
If you’re shopping for home insurance in Shelton, CT, or if you have any questions, get in touch with us at Goodman Insurance Inc. You can visit the Goodman Insurance Inc. website, stop by the offices, or call us, and we’ll get you connected with the protection you need.
As a business owner in Shelton, CT, you’re responsible for protecting your enterprise against disasters. Connecticut is prone to severe thunderstorms, hurricanes, tornadoes, and other natural disasters that can affect your business operations. By planning ahead, you can be prepared for any eventuality. These tips from Goodman Insurance Inc. can be helpful in preparing your business for disasters.
Develop a Disaster Plan
Develop a plan for what to do in the event of an emergency or natural disaster. Make sure all employees are aware of the plan and know the role they are to play during and after a disaster. Your plan should include a clearly established chain of command, a means of communicating with customers and employees, safe evacuation plans of the business site, and a means of continuing business operations if your location is compromised by disaster damage.
Make Sure Your Important Data is Backed Up in a Secure Site
Back up your important data to include customer and employee information, financial accounts, payroll, tax forms, and other essential documents and store it safely in a separate site to prevent loss in a disaster. Safeguarding essential data will make it easier for you to recover from a disaster.
Make Sure Your Commercial Insurance Coverage is Up to Date
Review your commercial insurance policy regularly to ensure your coverage is up to date and relevant in protecting you against disasters. Your commercial property coverage should be sufficient to cover repairs of your business location or replacement of business equipment and inventory if they are totally destroyed in a disaster. You should also consider business interruption insurance to cover lost revenue, payroll, and other business expenses if your Shelton, CT business has to close temporarily for disaster repairs.
To learn more about commercial insurance protection against disasters, contact Goodman Insurance Inc. today.