Commercial insurance FAQs

Georgia has been named the Top State for Doing Business and has a very business-friendly climate for businesses of all sizes. In spite of that, owning a business comes with lots of risks, and even in a place as good for businesses as Georgia, making sure that you have your business protected against all those risks is vital for survival. At Insurance Pro Group Inc. in Duluth, GA, we are locally owned and operated, and we place our customer’s needs first and foremost.

Why does my business need commercial insurance? 

The simple answer is that in order to stay in business you need to protect your business from the risks trying to put you out of business. Every business has risks, whether it is an unhappy customer, a burst pipe, or someone getting injured at your business. It can feel like you have a target on your back, and businesses are considered easy targets for many kinds of liability. 

What type of commercial insurance do I need in Georgia? 

Two types of commercial insurance are required in Georgia:

  • Commercial auto insurance
  • Workers’ compensation

In the state of Georgia, if your business owns any vehicles they need to be covered by commercial auto insurance. The mandated amount of commercial auto insurance mandated in Georgia is liability coverage in the amount of 25/50/25. That provides $25,000 in personal injury if one person is injured and $50,000 for an entire accident. Additionally, $25,000 in property damage is required. 

Employers in Georgia must protect their employees from on-the-job injuries and illnesses caused by their jobs. Businesses with three or more employees are mandated to have this coverage. 

What other types of commercial insurance should I have?

Even if commercial property and liability insurance is not required, it is a very good idea to have it for the health of your business. 

Contact Insurance Pro Group Inc. in Duluth, GA for all your commercial insurance needs. 

Why does someone need home insurance in Georgia?

The Duluth, GA area continues to be a great place for anyone to purchase and own a home. Those that are going to buy a home in this area can benefit a lot but also need to make sure that they get the right insurance for it. There are a few reasons why you will need to get a proper home insurance plan when you are in Georgia. 

Protect Their Primary Asset

A key reason why someone will need to have home insurance in this state is so they can protect their primary asset. Anyone that is going to purchase a home in Georgia will be making one of the biggest investments of their life. Those that obtain a proper home insurance plan will get the coverage that is needed to protect this asset. This will prove to be very helpful if the property is ever damaged due to a fire, bad storm, or other issues.

Comply with Mortgage Lender

You will also need to have a home insurance plan so you can comply with your mortgage lender. If you have decided to buy a home with the use of lender financing, you will need to comply with all of their requirements to stay in good standing. An extremely common requirement is to maintain proper insurance that will adequately protect your lender’s security interest in your property. 

Choosing a Duluth, GA insurance plan for your home is very important. When you are going to buy a property here, you should speak with the team at Insurance Pro Group Inc. to discuss your insurance needs. If you do call Insurance Pro Group Inc. they can offer the support that you do need to assess your options and choose a plan that properly protects your home. 

Who can be my life insurance beneficiary?

Who can be my life insurance beneficiary?

When you buy life insurance in Duluth, GA, you will be offered an option to choose one or multiple beneficiaries to receive a death benefit in case you passed away.  The good news is that there are no criteria or restrictions on whom you can choose. However, there are exceptions, like selecting a minor means designating a guardian as the beneficiary until the minor is of age. At Insurance Pro group Inc. we recommend notifying your beneficiary or giving them a copy of your insurance policy. Otherwise, they might never know and may never file a claim when you are gone.

Anyone can be your beneficiary

 We all buy life insurance for various reasons. Who you want to be your beneficiary is unique to your circumstances, like the peace of mind, financial support, and other exceptional reasons. Most life insurance policyholders buy life insurance to support their families financially. If you are the breadwinner in your family, your spouse or children may not be able to pay bills and mortgage. The same applies to parents and other dependents. Sometimes, you could buy life insurance to benefit homeless children and families. In simple terms, what you do with your money is entirely your choice.

You can change your beneficiary anytime

The best part about life insurance is that you can change your beneficiary anytime. If you change your mind or your designated beneficiary passes away, you can simply remove them and add another beneficiary. Your insurance company will provide you with a change form where you will fill in the required information. The problem only arises when your beneficiary is irrevocable, where the named beneficiary will need to provide consent.

Need help choosing and naming your life insurance beneficiary in Duluth, GA?  Our skilled insurance agents at Insurance Pro Group Inc. can help walk you through the process. Contact us for more information, queries, or new policy discussions.

4 Car Insurance Terms You Need to Know

The federal law requires all drivers to have car insurance to protect the interest of every road user. If you live in Duluth, GA, the Insurance Pro Group Inc. is your one-stop agency for all your auto insurance needs. However, it’s crucial to know some of the car insurance terms used to understand the policy better. 

Here are four terms that you might need to familiarize yourself with:

1. Premium

Premium refers to the amount that the insured party pays to the insurance periodically to cover the potential risks. The amount the insurance company charges is what is referred to as the premium. This premium depends on several factors, and the insurance company will guide you accordingly depending on your auto insurance needs. 

2. Coverage 

The term coverage refers to what the car insurance company pays for. This coverage is usually the type of protection you’ll receive from the insurer. If you’re planning to insure your car, check out Insurance Pro Group Inc. to know more about the coverages and the options available for you. 

3. Policy

The policy is the contract you’ll have with a car insurance company. A typical policy incorporates the premium amount, your coverage, deductible, and any other exclusions. All the details that you’ll need to know about your car insurance are in the policy. 

4. Deductible

This is the amount you pay out-of-pocket before your insurance company can cover the rest. Insurance companies have different deductibles that you might want to understand. Get insights on higher and lower deductibles to help you make informed decisions when insuring your car. 

If you want to know more about car insurance in Duluth, GA, Insurance Pro Group Inc. has an experienced team that will answer all your queries. Contact us today for more information about auto insurance.

How would commercial insurance protect a business in Duluth?

For people that would like to own a business, the Duluth, GA area can be a great place to get started. Those that are going to start a company here are going to find that there is a lot of opportunities if you are willing to work hard. When you are going to start a business here, you need proper insurance. A commercial insurance plan can protect your business in several different ways. 

Insurance Covers Business Assets

As a business owner, you will have to invest some personal capital to start growing your organization. Due to the value of your assets, which can include inventory, equipment, or even office electronics, you will want to know that these items are protected. With commercial insurance, you can receive coverage that could be used to repair and replace your business assets if they are stolen or damaged.

Insurance Provides Liability Coverage

A business will always take on some liability risk, no matter how careful you are and what products or services are sold. Since a liability claim could be devastating for your company, you will want to know that you are covered and protected. Those that have a full commercial insurance plan for their Duluth business are going to receive the liability protection that they need to mitigate this risk. 

As you are looking for commercial coverage in the Duluth, GA area, you may find that picking a new plan is confusing. When you are ready to pick your next plan to protect your company, you should call Insurance Pro Group Inc. The team with Insurance Pro Group Inc. understands the importance of this coverage and can help you choose a quality plan. This will ensure that you get a policy that properly protects your company. 

3 Tips for Buying Home Insurance in Duluth, GA

Your home is your sanctuary. Doesn’t it make sense then to have this special place insured? Of course, it does. If you’re buying your first home in Duluth GA and need a home insurance policy, the team at Insurance Pro Group Inc. can help. We started by putting together this handy and informative list of tips for buying home insurance. Read on to learn more.

1. Compare Many Quotes

When buying a new home insurance policy or upgrading an existing one, it is recommended to view several quotes before making a decision. Each quote will have distinct differences in coverage and cost that you need to be aware of before deciding. A reputable agent can help you with this.

2. Bundle Your Insurance Policies

Do you already have other insurance policies such as auto, life, or umbrella insurance? If so, talk to a reputable agent about bundling these under one carrier to save on your monthly or quarterly premiums. Ask them about other ways to save, such as a senior citizen discount. 

3. Work with a Reputable Agent

To be successful at the tips outlined above, it’s recommended to work with a reputable agent who can help you find the right quotes to compare, bundle your policies, and answer all your questions and concerns. This will save you time and hassle during the home insurance buying process. Make it simpler with a reputable agent. 

To learn more about home insurance in Duluth, GA, contact the team at Insurance Pro Group Inc. Our friendly, reputable agents are available right now to take your call.

How Much Life Insurance Do I Need?

If you ask ten people how much life insurance you need, you are likely to get ten different answers because it is such a personal decision. Given that not everyone makes the same income or has the same obligations for college and a mortgage, the amount that you need is highly unlikely to be the same as a neighbor, friend, or family member. 

While there is no hard and fast rule to determine how much life insurance you need, there are general guidelines that you can follow. Start by adding any outstanding debts which could include student loan payments, credit cards, business loans, or a mortgage. Once that is done, you’ll have established a baseline of what your family is responsible for should something happen. Next, consider future expenses such as college for your kids or family members, the beach house you’ve been longing for, and funding retirement for your spouse or partner. Add these figures together and you’ll have a rough idea of how much life insurance you need to purchase. Conversely, you could also multiply your annual income by seven to ten; however, bear in mind that this won’t take into account future raises. For instance, if you are still at the beginning or middle stages of your professional life you can likely anticipate that your income will continue to rise so accounting for this when purchasing a life insurance policy is important. 

At Insurance Pro Group Inc in Duluth, GA, we know life insurance like the back of our hands. We’ll take the time to walk you through your options like the pros and cons of term life or whole life insurance policy. Give us a call today to learn more and let one of our friendly team members find you the perfect policy. 

Do I need auto insurance in Georgia?

In the Duluth, GA area, it is almost always a good idea to own a car. When you are a car owner here, you will find that it is a lot easier to get around town and enjoy all of the local amenities. If you do decide to buy a car, you do need to spend time considering all of your insurance needs. There are several reasons why you may need to have a full auto insurance policy when you are in Georgia.

Insurance is a Lender Requirement

One reason that you are going to need to have an auto insurance policy is that it could end up being a lender requirement. If you take out a car loan, the lender is going to take a lien on your car as collateral. Due to this, they will want to make sure that your car is properly covered by insurance. Most of the time, the lender will require that you get an auto insurance policy with collision and comprehensive protection.

State Liability Requirements

Another reason that you will likely need to get an auto insurance policy is that it could end up being a state requirement. Similar to other states, those that drive a car on a public road in Georgia will need to meet the state’s minimum liability auto insurance requirements. This coverage will ensure that you are able to pay for any damages that could be caused by an accident.

When you are shopping for auto insurance in the Duluth, GA area, you should call Insurance Pro Group Inc. Anyone that is looking for this insurance protection would benefit from the guidance provided by Insurance Pro Group Inc. The team here can assess your needs and give you insight that will help you choose the right policy. 

Commercial Insurance Misconceptions Small Business Owners In Georgia Should Avoid

 Insurance Pro Group Inc. assists the Duluth, GA community by offering residents multiple types of insurance policies. As an independent agency, we have established successful partnerships with several insurance carriers throughout Georgia. We are passionate about serving the community and we are committed to helping our clients find coverage that aligns with their goals.

Commercial Insurance Misconceptions

If you are a small business owner in Duluth, GA, commercial insurance will help ensure that your business continues to thrive. The policy covers your business in the event that your property is damaged. You’ll be covered in the event that someone gets injured while they are visiting your business. While you are researching different policies, avoid these common misconceptions.

I Don’t Need Commercial Insurance Because My Business Is Small

On the contrary, in some cases, commercial insurance is more of an asset to small businesses than larger businesses. The policy ensures that your business will not be vulnerable if a serious mistake occurs. Commercial insurance can also help boost the growth and credibility of your business in the long run.

All Of My Potential Risks Are Covered

This is incorrect. Research your policy to see exactly which situations are covered. In some cases, you may have to seek additional coverage to ensure that everything is secure.

Workers’ Compensation Isn’t Necessary

Even if you have a small business with a small number of employees, worker’s compensation is still beneficial because it allows you to stay protected in the event that an emergency arises. Even if your employees have minimal risk, there are still some risks involved, which is why worker’s compensation is important. If one of your employees suffered an accidental injury you do not want to be left unprotected.

Insurance Pro Group Inc. Will Help You

For more information on why commercial insurance is an asset for small business owners, visit our website today!

A Guide To Help Georgia Residents Find Home Insurance

Insurance Pro Group Inc. assists residents in the Duluth, GA community by providing multiple types of insurance coverage. As an independent insurance agency, we work closely with many of the top insurance carriers in Georgia. We are able to bring these providers together under one platform to help our clients receive the insurance coverage that suits their needs.

Home Insurance

Home insurance is an asset. The policy protects you in the event that your home is damaged or if your personal items are stolen or vandalized. You can also add liability coverage to the policy so that you are protected in the event that someone suffers an injury while they are visiting your home. Your home is also covered in the event that it is damaged by a natural disaster such as a severe thunderstorm or tornado. If your home accidentally catches on fire, you will be covered as well.

Special Circumstances

During special circumstances, you can amend your policy to ensure that you are protected. If your home suffers any heating or wiring trouble, you can amend your policy to cover you while you rebuild your home. The coverage may also extend to your garage, tool shed or gate. If you have to restore any of your damaged electronics, appliances, and furniture, your home insurance policy will cover those items. You can amend your policy to cover your lodging while your home is being repaired.

Variables

While you are researching different home insurance policies, please take some variables into consideration. Think about your home’s age, its distance to the police and fire departments, as well as any major accessories on your property such as a swimming pool.

Insurance Pro Group Inc. Assist You

We strive to offer all of our clients’ first-class service. Stop by our office in Duluth, GA today so that we can help you find the right coverage for your home.