When buying commercial insurance in Monroe, GA, there is usually the delicate balance of not paying too much or too little. You don’t want to overpay because that will not be the best way to utilize resources. Besides, you don’t want to underpay because this will expose your finances when faced with risks. So, how much commercial insurance is enough for your business? Figuring it on your own can be challenging, and that’s why Atkinson Casey Agency wants to guide you about the amount of insurance sufficient for your needs.
Meet lender requirements first
Have you secured any mortgage for your business premises? Do you have any business loans? What are the lender’s requirements regarding insurance? When buying commercial insurance, ensure that you meet the lender’s requirements. But you shouldn’t stop here — this only acts as a base upon which you build from.
How much liability insurance do I need?
Liability insurance protects your business when accused of bodily injury, property damage, and advertising injury. But how much liability insurance do you need? We generally advise clients to purchase liability coverage of about $500,000. But if you need higher coverage, you need to invest in umbrella insurance.
How much property insurance do I need?
Property insurance protects your building and its contents against risks like fire, theft, and other risks listed in your policy. To ensure you purchase adequate property insurance, take an inventory count of your assets to ensure everything in your possession is insured.
After an inventory count, invest in property insurance that can replace all your assets in the worst-case scenario.
Commercial insurance in Monroe, GA
Still not sure how much commercial insurance you need? Please get in touch with Atkinson Casey Agency for more information. After analyzing your business, we will advise the amount sufficient for your business.
After buying or building your home, the next essential step is getting a plan to protect it against unexpected risks. Home insurance will protect your home from several things, including fire, liability claims, thefts, and much more. However, before you sign that policy, you need to have all the facts about home insurance. At Atkinson Casey Agency, we’ve seen it all regarding claims. We are here to help you understand at least four facts you should know before buying your home insurance policy.
4 Facts You Should Know About Home Insurance
- There are different types of coverage: Home insurance has several coverages tailored to your needs. We have liability coverage, for example, personal belongings and additional living expenses. Make sure you read the policy well.
- Home insurance has exclusions: You need to know about the exclusions of home insurance. Flooding, for example, is not covered by your home insurance. If you live in a flood-prone area, you need to buy a separate flood insurance policy.
- Know the value of your home: If your house gets destroyed by a covered peril, your insurance will only replace the maximum insured amount. Be sure your insurance is sufficient. Otherwise, you may have to hang with the burden of funding the extra cost.
- Invest in security and safety: Safety and security equipment is an excellent way of mitigating risks like theft and fire. Having these systems in place may help manage your home insurance premiums. Besides that, installing your home security and safety system offers peace of mind.
Home insurance in Monroe, GA
For most people, their homes are the most valuable investment they will own. With this in mind, having a sound protection plan is key to safeguarding it. With the many myths about home insurance, you need to have your facts right by partnering with a knowledgeable insurance agent. Ready to purchase your home insurance in Monroe, GA and its surroundings? Look no further than Atkinson Casey Agency. Contact us today for an affordable quote.