3 Life Insurance Facts You Should Know

If you live in Arvada, CO, there’s no doubt that you have a lot of things on your plate on a regular basis. When everyday life eats up so much of your time, life insurance is almost certainly not on your list of top priorities. While this is entirely understandable (and normal), sometimes it’s easy to put life insurance off until it’s too late. Alliance Insurance Services wants you to know more about your options, so you can make smarter decisions. 

1. Life Insurance Is Flexible 

This is usually the first thing that people should learn about different types of insurance plans. You may see this as meant for exceptionally wealthy people with vast estates. But it could be as simple as setting up a term policy until your youngest child reaches the age of 21. Some people like to have the option of having life insurance as a safety net, meaning their plan has a savings component that can be used for new home repairs, a vacation, or their grandchild’s education.

2. Life Insurance Doesn’t Wait 

The longer you wait to set up your policy, the more complicated it becomes. And if you wait too long, you may just end up in an expensive position that could have been avoided. Asking the tough questions now is a lot easier than if you keep delaying until next year.

3. Life Insurance Depends on Your Carrier 

While many plans may look the same, the life insurance carrier will have a lot to do with how claims are processed and settled. If you’re looking for someone you can trust, Alliance Insurance Services is here to help the people of Arvada, CO get what they need. Give us a call for a quote to find out more. 

Does my small business need commercial insurance

Colorado is one of the top five friendliest states for small businesses making Arvada, CO a great place to grow your business. Small businesses face lots of challenges and as a business owner, you understand just how tough it can be to grow and thrive. You may be considering whether or not your small business needs commercial insurance. Commercial insurance is not one insurance, it has lots of different options, and talking to the knowledgable staff at Alliance Insurance Services can get you the information you need to decide how commercial insurance can benefit your business. 

In the state of Colorado, an employer with one or more full or part-time employees is required to provide workers’ compensation. This is just one aspect of commercial insurance that can be easily taken care of for you. It is good for you and good for your employees to have this important coverage. 

That is the only coverage that is required by the state but other coverages may be required by landlords or those who hold a lease on any of your equipment. Property insurance makes sure that in the event of a covered hazard happening to the building where you do business, your equipment, supplies, inventory, and more will be covered and you will be able to replace or repair it. 

Commercial liability insurance protects you from a suit that is brought against you from someone who might be injured while visiting your business or by a product of your business. Business interruption insurance can make sure that if you are unable to remain in business due to a covered event you will have the money to pay your day to day expenses. 

For the most part, you don’t need all commercial insurance but some parts will be very valuable to most small businesses. Give Alliance Insurance Services in Arvada, CO a call to set up an appointment to discuss the needs of your small business.