How to Insure the Specifics Needs of Your Business

If you are starting a business or acquiring an existing business, one of your first calls should be to your agent at Alliance Insurance Services serving Fort Arvada, CO and the surrounding areas. They will give you expert advice on commercial insurance and help you understand the different types of coverage that are available.

Customization of Commercial Insurance

There are standard commercial insurance policies that almost every business needs and those policies are the basic foundations for commercial insurance. These policies can be tailored towards the types of commercial operations. For example, the insurance needs are quite different for a commercial office space, when compared to a retail establishment, or a manufacturing facility.

Special Insurance Needs

Here are some examples of special insurance needs.

Since the legalization of marijuana for medicinal and recreational use in the state of Colorado, new businesses and business models, such as cooperatives, are increasing. The products offered for sale require new product liability insurance that specifically covers these new products. Insurance underwriters now provide coverage for growers, physicians, dispensaries, recreational shops, and accessories manufacturers.

If you have a home-based business, it is prudent to have coverage for the business operations to cover the equipment used for the business and any risk of liability for clients visiting your home.

Commercial Insurance Review

Even if you already own a business and place your insurance through another agency, it is a good idea to ask for a review by Alliance Insurance Services to use as a cost comparison. Alliance Insurance Services prides itself on being a solutions-oriented agency that works on behalf of its small business clients to provide the coverage needed at cost-efficient rates.

Summary

Every business owner needs help from their insurance agent to protect the business and get good rates for insurance coverage, while at the same time working with quality and well-established insurance underwriters that are responsive and supportive in the case of needing to make an insurance claim.

The best way to determine if your commercial insurance is adequate for your specific needs is to consult with your agent at Alliance Insurance Services in Arvada, CO.

When Should You Consider Life Insurance?

For many people, life insurance is a type of insurance that is not at the top of their priority list but that does not mean that you should not think about getting it. People from all ages in Arvada, CO can benefit from life insurance so if you are wondering when you should consider life insurance, the answer is now. However, if you are not yet convinced, these are some other times, according to Alliance Insurance Services, you should consider getting life insurance.

  • When you have dependents or want to provide for someone. If you have children or a spouse that relies on your income now, then you need to make sure you get life insurance to take care of them in case you are gone. You should take a look at your dependents and possibly any others, such as parents or godchildren, that rely on you and make sure you get enough to cover them.
  • If you think your time is almost up. It is always best to get life insurance when you are younger, but if you have waited and your days are numbered, you should go ahead and make the purchase. 
  • To cover any final expenses. If you are like most people, you have a debt of some sort and the last thing you want to do is leave a lot of debt for someone else to take care of in case you were gone. When purchasing life insurance, you should make sure you have enough to cover all of those expenses so that they do not have to take on the burden of paying it for you. 

If you would like to learn more about your life insurance options and get some quotes, be sure to reach out to Alliance Insurance Services, serving Arvada,CO today.