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702 E. SPRING ST.
Monroe, GA 30655

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Greensboro, GA 30642

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Tag: Atkinson Casey Agency

Don’t Let Your Livelihood Remain Unprotected – Commercial Insurance for Your Most Important Asset

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Are you a business owner? If so, are you protected from liabilities or standard risks with commercial insurance coverage? While it will not protect a business entirely, business insurance can be a potential lifesaver in some costly situations.

Atkinson Casey Agency, serving Monroe, GA, and surrounding areas throughout Georgia, can explain the different types of commercial insurance and ensure you have specific coverage for the risks your business could encounter.

Business insurance will fall into two categories:

Coverage you are paying to others for money owing them or coverage that will pay you for the interruption, damage, or loss to your business. There are some types of insurance that fall into both categories.

Business or commercial insurance helps cover costs associated with liability claims and property damage. Without this coverage, business owners may be faced with paying out of pocket for expensive legal claims and damages.

Different types of business insurance include:

  • Business income insurance
  • Business identity insurance
  • Commercial auto insurance
  • Commercial fleet insurance
  • Commercial property insurance
  • Commercial umbrella insurance
  • Cyber liability insurance
  • Employment practices liability insurance
  • Errors and omissions insurance
  • General liability insurance
  • Key person insurance
  • Product liability insurance
  • Professional liability insurance
  • Workers’ compensation insurance

Because the proper business insurance policy can be difficult to find, having a professional who specializes in commercial insurance is key. Atkinson Casey Agency in Monroe, GA can put together the proper coverage as comprehensive or simple as you need it to be.

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For more information about commercial insurance or other types of insurance, contact the professionals at Atkinson Casey Agency. We will be happy to help you navigate this important insurance coverage.

Should I Insure My Home For Its Market Value Or Rebuild Value?

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When you insure your home, you have the option to choose between insuring it for its market value or its rebuild value. So which should you choose?

Here, we discuss the pros and cons of each option in Monroe, GA and help you make the best decision!

When You Insure Your Home for Its Market Value

To put it simply, market value is what your home is worth on the current market. This is the price a willing buyer would pay for your home and is usually based on recent comparable sales in your area. The pros of insuring your home for market value include

  • You’re more likely to get a payout if you need to make a claim
  • It can be easier to sell your home if it’s insured for market value

The cons of insuring your home for market value include:

  • Your premiums will be higher
  • If your home is undervalued, you may not get the full payout you’re entitled

When You Insure Your Home for Its Rebuild Value

The rebuild value of your home is how much it would cost to completely rebuild your home from scratch. This is usually lower than the market value, as it doesn’t take into account the value of the land your home is built on. The pros of insuring your home for its rebuild value include:

  • Your premiums will be lower
  • If your home is undervalued, you may not get the full payout you’re entitled to

The cons of insuring your home for its rebuild value include:

  • You’re less likely to get a payout if you need to make a claim
  • It can be harder to sell your home if it’s only insured for its rebuild value

So, which option is right for you? Ultimately, it depends on your individual circumstances. If you have a mortgage on your home, your lender will usually require you to insure your home for at least its rebuild value. However, if you own your home outright, you may want to consider insuring it for market value so that you’re more likely to get a payout if you need to make a claim. Talk to Atkinson Casey Agency to discover the best option for your home.

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If you’re not sure how much your home is worth, Atkinson Casey Agency in Monroe, GA can help. We specialize in home insurance and can provide you with a free, no-obligation quote. Contact us today to get started.

How Much Liability Insurance Should I Have?

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Your specific circumstances will determine the minimum liability coverage needed. For example, if you own a business, you need a different amount of coverage than if you are self-employed. You also need enough coverage to pay for any legal fees that might arise from a lawsuit. Liability policies typically have limits of $300,000 to $500,000 for each occurrence.

For inquiries in the greater Monroe, GA community, consult with Atkinson Casey Agency.

What to Know About Liability Insurance 

There are countless factors to consider when calculating the right level of liability coverage. It is best to work with a professional like a broker or insurance agent to help you determine the right amount of coverage. Some of the most important factors to consider when calculating the right level of insurance include your profession, your average earnings, the size of your business, and the location of your business. 

The needed amount of liability coverage depends on the value of your assets and the likelihood of a lawsuit. Most businesses have a basic level of liability coverage to protect themselves from lawsuits that may arise. If you own a small business and want to protect yourself from the financial consequences of a lawsuit, you should also purchase business interruption coverage. There is no set amount of liability insurance that everyone needs. The most common liability insurance amount is $100,000. 

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In most cases, you will be required to purchase some form of liability coverage when you are operating a vehicle for a commercial purpose. Common types of liability insurance include auto, public, medical, and business insurance. If you are operating a vehicle that is used to transport people or property for profit, you will likely be required to purchase commercial liability insurance. For expert advice, give us a call at Atkinson Casey Agency in Monroe, GA.

How Much Commercial Insurance Do I Need?

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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.

 

 

4 Facts You Should Know About Home Insurance

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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.

 

Partner Carriers

  • American Modern
  • Assurance America
  • Foremost
  • Gainsco
  • Hagerty
  • Insurance House
  • Nationwide
  • Progressive
  • Safeco
  • Travelers