Duluth, GA is a popular place to do business with its proximity to Atlanta it has great access to everything you need to be successful. Commercial insurance is not just one type of insurance, it has many different options. Not all of them will be right for you but some will. By talking to the team at Insurance Pro Group Inc. you will be able to create a commercial policy that fits you, your budget, and your business.
In Georgia, you are only required by law to carry two types of commercial insurance. If your business owns any vehicles they need to be covered by commercial auto insurance and if you have three or more regular employees, even if they are part-time you need to provide them with workers’ compensation insurance.
Protecting your business isn’t just about requirements however, it is about knowing the types of hazards that could cause your business to no longer be able to function. This makes certain other types of commercial insurance important.
Commercial liability insurance
When you own a business you may be the defendant in an injury case. Someone may be hurt visiting your business or by a product or service that you offer. If a judgment is won against you, your liability will help to pay that claim up to the limit of your policy. It will also help pay legal costs.
Commercial property insurance
Commercial property insurance protects all the things you use in your business. It doesn’t matter if you own the building, rent, or work from home. It will cover your machinery, office equipment, inventory, and the components of your products.
Business interruption insurance
If a covered hazard closes your business this coverage will help you with the day to day expenses of your business until you are able to reopen.
Many things can happen that affect your business. Being protected against them is important and at Insurance Pro Group Inc. in Duluth, GA we are here to help. Give us a call or stop by the office.
Having proper insurance coverage is important for anyone in the Suwanee, GA area. One form of insurance that all people should consider getting is life insurance. Since picking this type of insurance can seem confusing and complicated, there are several tips that should be followed that can make the process easier to follow and clearer.
Consider Your Needs
One of the first things that you need to do when shopping for life insurance is to consider your needs. The life insurance needs that someone can have will vary a lot from one person to the next. You should consider the future costs that your dependants will have, which can include the costs of housing, higher education, and other costs. You should then back out liquid assets that you have to come up with an appropriate level of coverage and policy limit.
Insurance Type Options
Another factor to think about is the type of life insurance that you should get. The two most common forms of life insurance continue to be term and whole life insurance. When you want the most amount of coverage possible, term life insurance is normally the best. However, a whole life insurance policy can cover you for a longer period and can also be used as a conservative investment alternative.
When you are looking for life insurance in the Suwanee, GA area, a great company to contact is the Insurance Pro Group Inc. When you reach out to Insurance Pro Group Inc. you can receive guidance and support that will help you to make this challenging decision. They will do this by completely evaluating your situation, determining your needs and figuring out the right type and level of coverage to provide you and your dependants with the right coverage.
Congratulations on owning your own business in Suwanee, GA. It isn’t easy, but it can be one of the most rewarding experiences. While you’re fighting and striving to make your business as great as possible, you’re likely to adapt to changing markets and fluctuations in your industry. When you do, you might find that you have room to cut costs in different areas. Sometimes, commercial insurance is such an area. Insurance Pro Group Inc. has some advice for you on when you can reasonably lower your coverage.
Your Assets Change
Property insurance and liability insurance are both often calculated based (at least in part) on your assets. The overall value of your business determines how much insurance you need. If your assets change, it might be reasonable to adjust your coverage with that change. Reducing coverage doesn’t only make sense after layoffs or downsizing. There are many times when a business reduces assets by finding more efficient ways to operate — leading to lower insurance needs even if the business is still thriving.
The Nature of Your Business Changes
One of the most common reasons to change your insurance is a change in the business itself. Whether you add or drop services, increase or decrease staff size or shift from a physical location to online-only access, there are a lot of ways for a business to transform. When yours transforms, make sure your insurance keeps up with the changes.
The best way to keep your Suwanee, GA, business properly insured is to keep your agent in the loop. Talk to your Insurance Pro Group Inc. representative on a regular basis. They can help you stay ahead of the curve and ensure that your insurance is always properly catered to the needs of the business.
Many people are uncomfortable thinking and talking about life insurance. It just seems wrong to talk about your own death or the death of a loved one when they are very much alive. But, not discussing it is a bad idea. Life insurance is part of financial planning and it is one type of insurance that is best purchased when you are young and the rates are lower. You may also run into health issues later on that could affect your ability to buy life insurance. According to life insurance experts, buying before you are 35 is optimal. Talking to the staff at Insurance Pro Group Inc. of Suwanee, GA can help you to make the right decision about how much life insurance is enough.
A simple answer is that ideally, you should have 10 to 12 times your annual income in life insurance. What you are doing with life insurance is providing for those you are leaving behind. If you die your income ceases and your dependents will need to be able to survive not only without you but without your income. They will need to be able to pay off any debt that you leave but also to continue to keep a roof over their head which means a mortgage or rent payment. If you have younger children, they will also need to be provided for and that includes going to college if that is in the plans.
If you are older or younger and you have no dependents then a lesser amount of life insurance may be enough. Coming up with the correct amount that you need and can afford is why it is vital that you have an insurance agent you can trust to do the right thing for you. In Suwanee, GA Insurance Pro Group Inc. is ready to sit down and discuss exactly what amount and type of life insurance that works best for you.
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.
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.
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!
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.
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.
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.
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.
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.
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.