A business relies heavily on its equipment and inventory to keep it running smoothly and generating profit. Regardless of how well thought-out a business plan is, there are just some things that are out of the owner’s hands. As the saying goes, “Whatever can go wrong, will go wrong.” If a disaster should strike and a company does not have commercial property insurance, the end result could be devastating and possibly put the company out of business. Should fire or severe weather cause damage or destroy a company’s building, commercial property insurance can help that business get back on its feet.
It is a common misconception that commercial insurance is only for businesses that actually own the building where they operate. The truth is, this type of insurance will cover a business whether they own the property, rent it or work out of a home office. This type of insurance will protect the company against fire, theft, storm or water damage, and various other disasters that affect day-to-day operations. Certain regions that experience more severe weather conditions such as earthquakes, tornadoes, floods or snow may need to purchase additional coverage.
Depending on the policy, both tangible and intangible items will be covered by commercial property insurance. Inventory, equipment, furniture, supplies, computers, the building itself and even loss of income are protected. If a water pipe in the building bursts and destroys inventory or furniture, the policy will ensure that the items are either replaced or the business is compensated for the loss.
In the event of a disaster, a commercial property insurance policy will cover any building repairs needed or replace any items that may have been damaged or lost in the incident. In some cases, the company will also be compensated for items that are impossible to replace, such as photographs or artwork. While this type of loss may be emotionally devastating to a business owner, they will still be able to recoup their losses and either rebuild or move on to a new location.
Investing in a commercial property insurance policy helps to safeguard a business’s future. Without it, the entire operation could go up in flames overnight – literally. Even financially sound companies purchase this type of insurance, as repairs and replacement costs can be astronomical if the disaster is large enough. If the region that the business is located in tends to experience earthquakes, hurricanes or other natural disasters, commercial property insurance is an absolute must.
Oftentimes, this type of insurance can be purchased in a package deal and tailored to meet the company’s needs. Packages will often include a variety of different policies helping to ensure that all of the business’s bases are covered. This may include special policies for specific natural disasters or other coverages a particular type of business may need. Regardless of the number of policies a company purchases, the goal is to ensure that the company can either continue its operations uninterrupted or open its doors back up as soon as possible.
Most of us are at home, hoping the COVID-19 pandemic passes as soon as possible. Adjusting to a life of social distancing can be a challenge for many reasons, simply because it might seem like there is not much to do while sitting at home. We came up with a few ideas to help you manage your time.
Set a schedule for your kids that might include times for reading, school work, exercise, and game time.
Schedule a family happy hour each evening before dinner. Use it as a time to talk about what is going on and share fun family traditions.
Teach your kids to cook.
Have a family movie night with popcorn.
Set up an exercise routine. Run up and down the stairs.
Organize that room you have meant to over the last year.
If the weather is pleasant, playing outside is a terrific option when you need to get out of the house.
Take time each day to share something you are thankful for or are hopeful for. It can be difficult to deal with all the news right now. Why not share something positive, like a video of people showing solidarity during this pandemic or a good news story that you found online?
Learn from our YouTube tutorials.
Take care of your physical health. Get a good amount of sleep and exercise, and use other ways to reduce anxiety, such as meditation, yoga, listening to music.
Get out all those old-fashioned board games. Watch TV together or share an electronic game or two. This would also be a great time to watch old family videos. Connecting with happier times is always good for our mental health.
Limit the news. For your own mental health and the mental health of your children, titrate the intake of news.
Connect with old friends or family members.
Start a garden. Garden centers are open, and you can get vegetables to plant.
Clean out your garage and get your stuff ready for a garage sale.
Camp in the back yard.
Make a family COVIS-19 bracelet.
Listen to a podcast, To say that podcasts are having a moment is a massive understatement. Whether it's to have a serious LOL or be inspired in your career, there's never been a better time to plug into some juicy conversations.
Learn a craft. Ever wanted to knit, crochet, or learn how to do woodworking? YouTube will keep you busy with plenty of videos to choose from.
Please check our website for any updates on changes regarding our operational procedures during this pandemic.
All of us at RG Insurance ~ A Strong Company encorage you to be safe, and be strong.
Homeowner’s insurance has become one of the most vital aspects of owning a home. Without it, homeowners are taking a risk of losing their home in case of a fire, natural disaster, or any other damage that occurs that is not the direct fault of the homeowner. While this type of insurance is not mandatory, most mortgage lenders will require a person to have it throughout the lifetime of their loan. This vital protection ensures that both parties are made whole again if something happens to the home.
Homeowner’s insurance will cover many different aspects pertaining to a home, but the most important is the dwelling’s structure and the personal property inside of the home. Structures that would be covered include the actual home itself, sheds, pools, boathouses, or any other building on the property. Personal property within the home will also be covered up to the limit set in the actual policy. While this can vary greatly, oftentimes, for an additional fee, the personal property coverage limit can be raised. Other areas that are covered include liability if someone is hurt on the property and living expenses incurred if a home is damaged. When a guest is staying at a home, the homeowner is directly responsible for any injuries that happen within the home. Coverage would ensure that any medical and legal expenses as a result of the injury are paid for.
Those living in areas that are more prone to natural disasters will need to ensure that their policy will protect them if one occurs. For instance, flood or earthquake damage is not always covered in a basic policy. While the added expense might not be warranted in some areas of the country, other areas will definitely need to have these types of natural disasters covered in their policy. This can normally be purchased directly from the facility providing the homeowner’s insurance and should be inquired about. Available homeowners insurance quotes.
Inside the home, all contents that are not considered structural will be covered by the insurance policy. This would include furniture, clothes, carpeting, electronics, jewelry, and virtually all other items in the home. However, most policies have a maximum limit, and some items will have to be considered a loss unless this limit is raised. Oftentimes, homeowners will take a full inventory of the items in their homes and pay extra for the protection they need. This will ensure that any items damaged will be properly covered. Also, many policies will have theft coverage and reimburse the homeowner if their home was burglarized.
The cost of homeowner’s insurance will vary greatly depending on the type of coverage included, extra necessary coverage, and the size of the home and property being insured. Finding a capable agent will make the process much easier because they will have the experience and knowledge to determine exactly what coverage should be purchased. A person’s lifelong investment should be protected, and homeowner’s insurance guarantees that. Regardless of the damage sustained, a person is made whole again.
As the global pandemic caused by COVID-19 continues to spread, Strong Insurance Services is taking steps to help protect our employees, our customers and the communities which we live and serve.
Effective Friday, March 20th, our offices at all four of our locations will be closed to the public. Our employees will remain available by phone or email as needed during our normal business hours of 8:30am – 5:00pm Monday through Friday until further notice. All calls will continue to be routed to the correct agent and all aspects of servicing your insurance needs will remain our focus. Please consider accessing our websites for updated contact information, billing resources or give us a call at any of our location with any addition questions or concerns.
We understand that this situation continues to change, and we are ready to pivot as needed to maintain as much normalcy as we are able.
Can You Believe What Your Homeowners Insurance Can Cover?
Homeowner’s Insurance Update
How many of you have actually read your homeowner’s insurance policy? We guess not too many. We do recommend that you read your policy to help you understand what coverage you have. Most homeowners are familiar with the basic coverage found their homeowner’s insurance policy; including coverage for the home itself, personal property and liability associated with owning a home.
Are There Other Coverages?
There is often other coverage found in your homeowner’s insurance policy that you may not know you have. Remember, each policy is different, so these coverage examples are general in nature. This “hidden” coverage may have specific limits and terms of which you need to be aware, but here are some examples of coverage found in most homeowner’s insurance policies.
Liability coverage away from your home. You have coverage if you cause injury to a third party away from your premises.
Damage to your neighbor’s property. If you are at a party and cause damage to your neighbor’s property, chances are it would be covered.
Legal expenses. Should you be sued for an accident that occurred in your home, chances are legal costs would be covered under your homeowner’s insurance policy.
Additional living expenses. Your policy can pay the additional costs of living away from home if you cannot live there due to damage from an insured loss. It covers hotel bills, restaurant meals and other costs, over and above your usual living expenses, incurred while your home is being rebuilt.
Money. Many homeowners’ policies provide a small amount of coverage for stolen money.
Property of your college student. If your dependent child is a full-time college student living on campus, their property is covered by your homeowner’s insurance policy
It is important to note that not all homeowner’s policies are created equal, and what one company offers may not be the same as another company. Also keep in mind, if you bought your policy online, who really knows what coverage you have?