Month: July 2023

What type of commercial insurance policies you need for your Arvada, CO business will depend upon what kind of business you operate, where you operate it, and the scope of your client-facing operations. When you work with a talented insurance agent like those at our Alliance Insurance Services office, you will be recommended policies specifically designed to protect your business from common types of financial losses you risk by simply being in a company. One of those types of financial losses occurs when an employee is injured.

Understanding How & Where Commercial Insurance Covers Employee Injuries

Worker’s Compensation Insurance is a valuable type of insurance policy that, in exchange for monthly premiums, offers ample financial and medical benefits for employees who are injured or become ill when working for you. For example, let’s say you operate a boutique bridal store in Arvada, CO, and an employee trips and falls while walking down the stairs to bring a customer more dress options. Because they become injured at your location while doing business tasks, your company’s worker’s compensation insurance will kick in and offer medical reimbursements and lost wages to supplement their finances as they recover. 

But did you know your employee doesn’t have to be on-site to be eligible for worker’s compensation benefits? So long as your employee becomes injured or ill while on the clock or otherwise completing business tasks for your company, they will be covered by most commercial insurance policies with worker’s compensation provisions. For example, if your Arvada, CO bridal employee is delivering a wedding dress to the bride at her rehearsal dinner and is injured in a trip-and-fall accident at that location, then your commercial insurance policy will still cover them. 

Learn More By Contacting Alliance Insurance Services

Contact our friendly team at Alliance Insurance Services, and let’s find the best commercial insurance coverage for your Arvada, CO business. 

Two primary forms of life insurance are each highly popular with policyholders. Each works differently and has different advantages and disadvantages. Term life insurance is one of these insurance policy types. It has some significant advantages that keep many people choosing this type of policy. When you’re interested in a term life insurance policy, call us at Alliance Insurance Services in Arvada, CO, and learn more. 

Insurance for a Term

The name term insurance is because the policy is good for only a specific term. When the policy is written, it’s made clear in it exactly how many years the policy will be in force. When a policy becomes effective, it will run for that number of years. When the term is over, the policy is no longer valid. If the policyholder hasn’t passed by the time the term is over, they will not be covered and will have to get a new policy if they still want coverage. Some insurance buyers don’t like this type of policy because it does have an expiration date. However, some choose these policies before there is a significant advantage to them. 

Lower-Cost Insurance

The significant advantage is that this insurance type costs much less than the other primary type, whole life insurance. It’s often highly affordable for policyholders. Some people who wouldn’t be able to afford whole life are able to get life insurance because of the low prices of term life policies. 

Get Your Life Insurance 

It’s always essential to have life insurance. When people depend on you, you need to have a policy in place. When you’re ready for a life insurance policy, call Alliance Insurance Services in Arvada, CO. We can tell you more and get you started.