Month: May 2022

Owning a business is a part of some people’s American dream. It can be a dream come true or a nightmare, depending on how well you protect yourself from all the risks that every business owner faces. By choosing the right commercial insurance, you can mitigate some of the stress of facing threats. At Alliance Insurance Services in Arvada, CO, we specialize in helping businesses to make the right decisions about the types of commercial coverage the state of Colorado requires and the types your business needs to survive. 

Commercial property insurance

Commercial property insurance has a much broader function than home property insurance. It covers the physical structure of your business if you happen to own it, but it covers all the things you use to do business. Depending on your business, this can be electronics,  machinery, tools, display units, office equipment, and various other items. 

Commercial auto insurance

If your business owns vehicles, they need to be covered by commercial auto insurance. The minimum coverage required is 25/50/15. 

Commercial liability insurance

All businesses don’t require commercial liability insurance, but certain professionals are required to have professional liability coverage. This includes health professionals and doctors. Other businesses can benefit from liability coverage since every year, one in three companies will be involved in a legal action that has the potential to scuttle their business if they don’t have the money to pay a judgment against them. 

Workers compensation

In the state of Colorado, any business that has employees is required by the state to have workers’ compensation insurance. This protects workers who are injured in the performance of the job, and it also protects employers from being sued. 

Contact Alliance Insurance Services in Arvada, CO for all your commercial insurance requirements. 

Many people are uncomfortable discussing life insurance. It’s almost like it’s bad luck. But what would be bad luck would be to leave your family without the protection that a life insurance policy can provide. Getting the amount right is challenging, balancing affordability with your future need. At Alliance Insurance Services in Arvada, CO, we understand how trying it can be to ensure that you are getting the amount right. More importantly, the policy needs to be and stay in force. 

Non-payment

The most common reason for a life insurance policy to be canceled is non-payment. It is vital that you try not to let this happen. If the premium is more than you can afford, it may be worth your while to have a good talk with your insurance agent and see if there are other products out there that can provide you with the protection you need at a more reasonable price. If you have special circumstances, it is always a good idea to give the insurance carrier a call and see what your options are. 

Usually, there will be some grace period that will allow you to make up a missed payment if it was just an oversight. It is always a good idea to have insurance premiums on auto-pay to avoid this sort of situation. 

Being untruthful in your application

When you apply for a life insurance policy, you will be asked many questions, many of them related to your health and your activities. It is always a good idea to be completely truthful. It may cost you a bit more on your premium, but if your untruthfulness is discovered, the policy will not pay out if something happens, and your policy will be canceled. 

Contact Alliance Insurance Services in Arvada, CO when you need to sit down and discuss your life insurance requirements.