How a Georgia Business Can Benefit from Commercial Insurance

Those that are in the Suwanee, GA area should consider starting their own business as the local economy provides many great opportunities and benefits. When you are looking to start a business in this area, you should think about ways that you can protect your business. One of the best things that you could do would be to get a commercial insurance policy. A commercial insurance policy can protect a Georgia business in many different ways. 

Ensures Legal Compliance

One benefit of having commercial insurance is that you will be in compliance with all legal requirements. In Georgia. all businesses that reach a certain size of staff are required by law to carry worker’s compensation insurance. Without it, you will be in violation of the law and could face stiff penalties. Additionally, commercial insurance is also often required by and bank, landlord, or equity investor that you have a formal relationship with. 

Gives Liability Protection

Once you start your own business and start to sell products or services to a customer, you are going to take on a lot of liability. If you have a customer that gets hurt or sick through the use of your product or service, you could be held liable. This could prove to be devastating to your company. A commercial liability insurance policy will protect you in these situations, which could help to keep you solvent. 

Ultimately, a business owner in the Suwannee, GA area needs to do all that they can to properly protect their business. One great way to do this is by speaking with the team at Insurance Pro Group Inc. When you reach out to the team at Insurance Pro Group Inc. you will learn much more about your commercial insurance options and how it could protect you and your company.

How Life Insurance Can Protect Chronically Ill Loved Ones

There are many steps you can take to help make the lives a chronically ill loved one easier. When it comes to financial strategies designed to protect them in the future, purchasing life insurance may be the most sensible decision that you can make. It can give you both the peace of mind necessary to ensure that their needs are met even if you pass away unexpectedly.

Give Your Loved One Security

It is a major challenge to care for a chronically ill person, which is why you should take any measures you can to deal with the treatment and to also secure the funding they need for future care. You can help accomplish this by purchasing life insurance. When choosing between whole life and term life insurance, it is wise to purchase whole life because you can build a cash value that can be borrowed against in the event of a medical emergency if necessary. In addition, it will secure funding for them if you pass away unexpectedly so they can continue to pay for their medical expenses. If you have a loved one who is chronically ill, you should consider purchasing a life insurance policy now so you can guarantee a secure future tomorrow. 

Finding The Right Policy

Finding the right life insurance policy to fit your needs can be tricky unless you have the assistance of a licensed life insurance agent. When searching for a compatible policy, you should seek the help of a reputable insurance agency that employs agents will experience and insight. If you live near the Suwanee, GA vicinity, you can count on Insurance Pro Group Inc. to give you the one on one attention you need to find policies that will give you and your loved ones the security you need. 

Residents in the Suwanee, GA area should call or stop by the Insurance Pro Group Inc. office to speak with a representative to discover what options they have. Get the coverage you need to ensure your loved ones have the protection necessary to treat a chronic illness. 

Don’t Let Mother Nature Get You Down: Commercial Insurance Protection

Business owners understand that being off-line, even for a couple of hours can have a serious impact on production. Imagine the negative consequences if your business is forced to close due to a natural event such as a severe storm. Make sure that you have the coverage that you need well in advance of any disruption. The folks at Insurance Pro Group Inc. are here to assist the business owners in the greater Suwanee, GA area with all of their commercial insurance needs. Let us review your policy for completeness and advise you of any additional protection that may be available to you.

Protect Your Business from Mother Nature’s Wrath

If there is a force of nature that causes damages to your business you can protect yourself with commercial insurance. There are policy protections available for damage to your structure, loss of inventory, and business interruption insurance. Interruption insurance coverage can mean the difference between being able to get back on your feet after a storm or other event and having to close because your business is off-line for too long.

There is no need to have to single-handedly carry your business after a loss when you have the right coverage. Policies are available that include coverage for many natural weather events, although they may come as an additional policy. Your commercial insurance portfolio should include all of the policy types at the correct levels to keep your business viable, no matter what Mother Nature throws at you.

Interested in learning more about the comprehensive commercial insurance options that are available to business owners in the greater Suwanee, GA area? Contact the friendly agents at Insurance Pro Group Inc. today to schedule a consultation. We look forward to working with you!

When is it time to drop collision coverage

Auto liability insurance is mandatory in Suwanee, GA for the minimum required by law. To see the minimum requirements you can visit the state of the Georgia Office of Insurance and Safety Fire Commissioner’s website.  Liability is insurance that protects other people and their property from you through negligence or fault. Collison is the insurance that covers your vehicle.

The agents at Insurance Pro group will explain the two kinds of insurance that cover your vehicle, comprehensive, which protects you from theft, fire and vandalism and collisions which provides coverage so that you can have your vehicle repaired in case of an accident. Collison insurance is not required by the state of Georgia, however, if you have a loan on your vehicle, it may be required by your lender.

Assuming that you have paid off the loan on your vehicle and own it outright, do you need to keep collision insurance on it? This is not as simple a question as it seems. Several things need to be considered. First, what is the value of your vehicle? If it was damaged, how much would the insurance company pay to repair it? If the car has a low value, it may be considered a total loss. You need to take a good look at your policy deductible and what you are paying for the coverage. What would you do if your car became a total loss, would you be able to purchase another car?

If you retain the collision coverage the money you receive for your lost car could provide the down payment on a new vehicle. You don’t however, want to pay more than your car is worth. If you live in the Suwanee, GA area, the agents at Insurance Pro Group Inc. can help you to decide what is best for you. Call their office to make an appointment or just stop by, they have the knowledge to help you make the right decision.

3 Benefits of Commercial Insurance

Simply put, commercial insurance is a type of coverage that protects businesses, business owners, and employees. If you are interested in learning its various benefits, keep reading. 

Lawsuit Protection

In an age in which lawsuits seem to be becoming progressively more common, making sure your business is protected is essential. By purchasing a high-quality commercial policy, you will be able to pay for things such as costly medical bills and other fees that may be requested. By settling this through your insurance company, you can prevent yourself from losing time and money on a lawsuit. 

Employee Protection

On another note, your employees are one of your most valuable assets. Therefore, you need to ensure they are protected as well. If an employee becomes injured or some other major issue occurs, your commercial coverage will allow you a way to help your employee without losing lots of money in the process.

Contracts

Last but not least, if you are making contracts with other companies or vendors, commercial insurance may be required. Some companies are reluctant to do business with other companies they do not feel are reputable. Lacking commercial insurance may make your business appear to be such a company. However, by purchasing a commercial policy, you will not have to worry about issues such as these.

Overall, for residents of Suwanee, GA, purchasing commercial insurance is not only a good idea, but it can be simple too. By contacting Insurance Pro Group, Inc., you will be well on your way. Email us, call, or stop by the office in Suwanee, GA. An independent Insurance Pro Group, Inc. representative would be glad to assist you.

What Life Insurance Policy Is Right for You?

Determining the right life insurance policy in Suwanee, GA between permanent and term is a personal decision that should be based on the financial needs of your beneficiaries and your financial goals. An agent at Insurance Pro Group, Inc. can help you weigh the pros and cons of each policy.

  • Term life insurance will provide death benefits only and will only pay the benefits if you die while the policy is in effect. It’s the most affordable insurance to buy but does get more expensive as you age. It will only be in place for a specific term, but it can sometimes be converted to a permanent life insurance policy.
  • Permanent life insurance will cover you for life and can also provide cash accumulation that builds throughout the policy. It does take about 12 to 15 years to build up cash value, and you typically do need to have a health exam to qualify. It could be more expensive than term life insurance but could save you money throughout the life of the policy.

When deciding between the policies, take account of your current age, financial needs of the family, current state of your health, age of children, any plans for funeral or death expenses, your existing debts and mortgage, the need for additional retirement savings, and your feelings on paying into a term life policy and possibly never getting any money back. By adding up your living expenses, current mortgage, debt, and children’s education costs, you can see how much life insurance you should have. If you are in your 30s, have young children, and are the breadwinner, then a term life policy that would cover your financial obligations could be a good idea. However, if you are 60 with children that are grown, then your needs are different, and you may want a permanent policy that could provide for your spouse, or just a smaller term policy to cover any final expenses.

Contact Insurance Pro Group, Inc. serving Suwanee, GA, to get a quote on life insurance. 

Is it Time to Expand Your Commercial Insurance Coverage?

A commercial insurance policy is a great way to protect your business and the investment you have in it, but you need to make sure you have enough coverage to be protected. If you have not updated your insurance policy in a while, it may be time to take a closer look at it and see if changes need to be made. Especially if your business has grown, having an expanded level of commercial insurance may be something you want to consider carefully. But you also need to talk to an agent at Insurance Pro Group, Inc. so you can understand your options and genuinely get the coverage that matters, instead of just raising the limits of your Suwanee, GA area policy.

One of the problems that people run into with commercial insurance coverage expansion is that they raise the limits. That means higher claims would be paid, but it does not expand the coverage to other areas that may need to be protected. Seeing your business get bigger and add more people, new departments, and products are exciting. Make sure you do not get so caught up in that excitement that you do not realize that your larger business does not have the protection it really should.

Reach out to us today at Insurance Pro Group, Inc. and make sure your Suwanee, GA area business is protected the right way. Then you can truly have peace of mind as you grow, and you do not have to worry so much about what could go wrong. You will have a company and agents behind you that you can trust and feel good about, along with a policy that will keep your business financially protected as you work to make that business even bigger and better.

Can Minors Be Life Insurance Beneficiaries?

Many people take out a life insurance policy to ensure their children are cared for in the event that they pass away unexpectedly. However, one of the questions that people often ask us at Insurance Pro Group Inc., serving the greater Suwanee, GA area, is whether minors can be life insurance beneficiaries. Here is what you need to know about this topic. 

Life Insurance Beneficiaries

Minors can be named as a beneficiary on a life insurance policy. However, minor children typically cannot receive the money from the life insurance policy if it pays out while they are still a minor. If you pass away and the child is underage, the money typically is held in an account until the child reaches either 18 or 21, depending on the terms of the policy and the age of majority in the state in which the policy is signed in. 

If you are concerned about your child being taken care of until they reach the age of majority where they receive the money, you can set the policy up so that it has a Uniform Transforms to a Minor clause in it. The money is transferred to the individual who cares for your child to spend on your child’s needs. Once your child reaches the age of majority, they transfer the remaining balance to your child. Unfortunately, no one oversees these policies, so the money needs to go to someone you trust to spend the money responsibly on your child. 

If you are looking to take out a life insurance policy in the greater Suwanee, GA area, Insurance Pro Group Inc. can help you. Contact us today to talk to one of our agents about your life insurance needs or to obtain a quote. 

Does Your Business Really Need Commercial Insurance?

Whether a business needs commercial insurance can be affected by many things. Some businesses, such as those that are internet-based, may not need to have an insurance policy. That’s especially true if the company is a sole proprietorship and there aren’t any employees to cover. If there’s just the owner, and no customers come to the location where they could probably get hurt, that Suwanee, GA area business probably doesn’t need a commercial insurance policy. But Insurance Pro Group, Inc. can advise you, and let you know whether your business needs that policy or can operate safely without it.

For most businesses, commercial policies are required. They’re designed to protect the business, but also to protect any employees or customers who may become injured at the company’s location. But not all commercial policies are the same, and just getting one to get your business moving forward isn’t going to help you too much. Instead of taking risks by picking a policy you don’t know much about, it’s better to choose a commercial insurance policy that’s right for you. How can you do that? By working with an insurance agency that has knowledgeable agents, and that can give you multiple quotes from different companies.

If you have a business in the Suwanee, GA area and you need a commercial insurance policy or have questions about them, reach out to us at Insurance Pro Group, Inc. We are here and happy to help you find the commercial policy that’s going to work for your needs. Since every business is different, you may need different types and levels of coverage. We understand that and will work with you to ensure your insurance needs are met so your business can grow with security.

Do Employers Ever Offer Life Insurance?

Life insurance is something that everyone can benefit from but that not all people have access to. That being said, in some cases your employer may offer some sort of life insurance policy as an incentive or as part of your insurance package. For the most part, your employer is only going to offer basic health insurance, and they are only required by law to provide health insurance if they have a certain number of employees. For those in the Suwanee, GA area, the agents with Insurance Pro Group, Inc. can help you better understand any life insurance coverage that your employer may offer.

So why do some employers offer life insurance while others do not?

The simple answer is that not all employers have the opportunity to offer life insurance at a price that would be reasonable for them to pay. Similarly, not all employers want to purchase life insurance plans for employees. If your employer does not offer life insurance, there are some options that you have to get a great policy. You can always go to an insurance agent and purchase your life insurance policy with the specifics that you are interested in. Life insurance is highly beneficial for all those that hold it.

For those that do have a policy, you can borrow against it if you need money, you can collect on it if you are injured in many cases, and you can also help your family deal with any financial struggles should you pass. Life insurance is something that everyone should consider and taking the time to look at a few different options with the help of an agent is the best way to get the policy that works for you. For those in the Suwanee, GA area, the agents with Insurance Pro Group, Inc. can help.