There are many different commercial insurances, and it’s tough to figure out which is right for your business. But don’t worry – we’re here to help! Here are the most common types of commercial insurance:
1. Property Insurance
This type of insurance protects your business property from damage or theft. It can cover the building itself and any contents inside. Any company that owns property should have this type of insurance.
2. Liability Insurance
Personal injury protection protects you against legal responsibility if someone is injured on your property or sued for violating anti-discrimination or defamation laws. You have too much on the line not to have this type of insurance!
3. Product Liability Insurance
This is important for any company that manufactures or sells products. It offers protection to your assets if a product you sell causes harm to someone. A product liability policy can cover medical expenses, legal fees, and damages. Your Fuhriman Insurance Agency expert will help you determine the right coverage for your business.
4. Professional Liability Insurance
If you provide professional services, this type of insurance protects you from financial damages if someone accuses you of negligence. For example, if you’re a doctor and a patient sues you for malpractice, this type of insurance would cover your legal fees.
5. Workers’ Compensation Insurance
This type of insurance is required by law in most states if you have employees. It covers their medical expenses and lost wages if injured on the job. Workers’ compensation insurance protects you and your employees, so it’s a win-win.
No matter your business type, Fuhriman Insurance Agency can help you find the right commercial insurance policy. We’ll work with you to determine your coverage and get you the best rates.
No one likes to think about their mortality, but it’s essential to have a life insurance policy in place in case the worst should happen. And while you may not need to think about your life insurance very often, there are certain times in your life when it’s a good idea to look at your policy and make sure it’s still appropriate for your needs. Here are four life events that should prompt you to update your life insurance in Boise, ID.
Updating your life insurance is a good idea if you’re getting married. When you’re single, your life insurance needs are likely much different from when you’re married. A two-income household suffers when one spouse dies, so you’ll want to ensure your life insurance is enough to cover the loss of income.
2. Birth or Adoption of a Child
When you have a child, you’ll want to make sure your life insurance is enough to cover the costs of raising them. This includes things like childcare, education, and other expenses. You may also want to consider getting a life insurance policy for your child, known as a child rider. Your Fuhriman Insurance Agency agent can help you determine the right amount of life insurance for your family.
3. Change in Financial Situation
You’ll want to update your life insurance if your financial situation changes. This could be because of a change in income, a change in debts, or a change in assets. You’ll want to ensure your life insurance suffices to meet your needs. For example, purchasing a home or starting a business will likely require more life insurance than you had previously.
Learn more about updating your life insurance policy by contacting Fuhriman Insurance Agency today. Our experienced and friendly agents are here to help you find the right policy for your needs. Call us or stop by our office in Boise, ID to get started.
When you contact Fuhriman Insurance Agency serving Boise, ID about insuring your pest control business, you might find it surprising that we have pest control insurance at the ready. It protects your business in ways other companies receive protection from commercial insurance, but a pest control policy also protects your company from the environmental risks it undertakes.
Pest control insurance refers to an insurance bundle consisting of a business owner’s policy and other policies, including environmental risk insurance and pollution liability policy.
What does environmental and pollution insurance cover?
Damage or illness incurred by an individual or group due to your company’s treatment of their home, office, or the structure adjacent to theirs.
Certain aspects of pest control can cause issues for those around the home or business treated for pests. This includes the following:
- Toxic chemicals
- Liquids or gases
- Waste materials
- Other irritants & contaminants
Your Environmental Liability
Your pest control business aims to make things safer for those in the home or business that you spray for pests. Still, sometimes, due to faulty tenting or venting, your pest control substances may cause a problem for another individual or family.
Your pollution liability and environmental components of your pest control insurance protect your financial security by covering the medical costs of those individuals and any settlement from the illness.
Contact Fuhriman Insurance Agency, serving Boise, ID, for more information on insuring your pest control service. Let us help you protect your financial security with the appropriate coverage for your pest control business, so your liability remains covered, and you can operate your business with peace of mind.
When you drive in Idaho, you are required to have auto insurance for your vehicle in virtually all cases. When you get this insurance, it will have different types of coverage within the policy. If you have an Idaho vehicle and need to get it insured, give us a call today at Fuhriman Insurance Agency in Boise, ID.
Liability Auto Insurance
Vehicles are required to have liability coverage in Idaho. The state mandates two types of liability coverage with three different coverage amounts to be included in the policy. The state requires both bodily injury or death liability as well as property damage liability. An amount is required for one person injured or killed in an auto accident. A higher amount is required for everyone who becomes injured. In addition, there is an amount required for property damage liability. All these coverage types pay for damages for third parties, not for you or anyone in your vehicle.
Uninsured Motorist Insurance
The state also mandates that the auto policy must have coverage for uninsured motorists, though this requirement can be waived in writing. This coverage pays for your injuries and damages if you are in an accident with a motorist without insurance. The amount of this coverage has to be the same as the amount of bodily injury liability. The amounts of all these coverage types, as required by law, are relatively low when looking at other states. That’s why it’s generally recommended that you get higher coverage than is required. The state minimum amount may not be enough for a serious accident.
Get Your Vehicle Covered by Auto Insurance
Having at least the mandated insurance amounts is essential, so you aren’t subject to fines and fees. Call us at Fuhriman Insurance Agency in Boise, ID, when you need insurance.
ATVs and other outdoor toys are a ton of fun, but it’s essential to make sure that you have the protection you need. Folks in the greater Boise, ID area can turn to the team at Fuhriman Insurance Agency for all types of insurance protection. Get in touch and find out more!
Protect your toys and yourself
Owning an ATV, snowmobile, or similar type of outdoor toy can bring a lot of fun to your life. What better way is there to spend the day with friends and family? Ensuring that you have the protection you need before you get out on the trail is also important.
Insurance protection is essential whether you are enjoying your vehicle on public or private land. Losses from damage to your car aren’t the only pitfalls for toy ownership. It’s also possible to experience an accident that causes injuries. This can create a situation where you may be held personally liable for several different kinds of expenses.
Injuries that require medical attention can happen, and who pays for the medical care if someone is injured in your vehicle? Medical expenses and liability are often higher-risk situations than damage or loss of the vehicle itself. You don’t want to have financial responsibility for losses that the right toy insurance policy can cover. Now is the time to review the toy insurance options that are available.
Find out more today!
Outdoor enthusiasts in Boise, ID can rely on Fuhriman Insurance Agency for all of their insurance policy needs. We can help you find the right policy to protect you from loss and liability. Get in touch today and find out more about this necessary type of insurance.
Although it comprises an integral part of your Boise, ID business insurance protection and medical and employment protection for your employees, workers’ compensation insurance doesn’t count towards your overall employee benefits package. At Fuhriman Insurance Agency, we want you to fully understand what you’re buying and why it’s necessary.
Employee Benefits Package
According to The Balance, health insurance and paid time off comprise the cornerstone of an employee benefits package. Other insurance policies round out those two items, including:
- Short-term disability
- Long-term disability
- Dental insurance
- Vision Coverage
- Life insurance
- Health care flexible spending accounts (FSAs)
- 401(k) or another retirement plan
So, where does workers’ comp fit in?
Workers’ Compensation Insurance
FindLaw explains that the state-mandated insurance policy covers you, the employer, in cases where your business is liable for an employee’s on-the-job injury or illness. The policy comprises part of your business or commercial insurance package. It protects your business from getting sued by your employee.
To do this, the policy accesses a fund that pays for the employee’s medical care and rehabilitative services if needed. It also pays for a portion of their wages, so even though they miss work due to injury or illness, they still have money coming into their household. Typically, it pays for about 40 percent of their wages.
If an employee does sue you, the insurance policy also covers your cost for an attorney, court fees, and the settlement.
So, although it provides funds for your employees when injured or ill due to workplace exposure, it does so to protect you from financial loss.
Contact Fuhriman Insurance Agency serving Boise, ID to obtain a workers’ compensation insurance policy that fits the state mandate and protects your financial security. Let us help you properly insure your business.
Are you a business owner in Boise, ID? You likely have some questions about what insurance you must carry and what insurance you need to protect your assets fully. At Fuhriman Insurance Agency, we will be happy to answer your questions and help you get the coverage you need.
Commercial Insurance Is Designed For Your Protection.
Some business owners may have the mindset that commercial insurance for their business is just another thing to worry about. Still, proper insurance coverage for your unique business can allow you to worry less.
Types of business insurance include; general and professional liability insurance, commercial auto insurance, cyber liability insurance, worker’s compensation insurance, and a business owner’s policy. There are also umbrella and specialty policy possibilities for unique situations or products.
Idaho requires commercial auto insurance if you have company vehicles or employees that drive. The state also requires worker’s compensation insurance if you have employees.
The rest of the insurances listed above are not required legally, but they can save your business and allow you to have peace of mind if things go awry. When you run a business, you have a lot of balls in the air at once. Insurance helps those balls land safely if something happens. Do not regret not getting the coverage you need later when you are over your head.
Purchasing commercial insurance is easy, and any business should have coverage that fits their situation perfectly. If you work with the public, your risks go up, but you may benefit from some coverage even if you work from home.
Contact us at Fuhriman Insurance Agency for more information about commercial insurance and protecting your business assets from whatever may come your way in Boise, ID.
Term life insurance is just one of the types of life insurance that you can get to protect your loved ones from financial harm, but it is a type that has long been popular. It comes with many benefits that have kept customers interested in this type of insurance. If you want to know more about term life insurance, call us today at Fuhriman Insurance Agency in Boise, ID.
With most types of term life insurance, you need a physical exam before you are accepted for coverage. This is just a standard physical and a discussion about your health history. If you have a lot of pre-existing conditions, you may not be accepted for it. If you have serious health problems, you are also likely to have trouble getting a life insurance policy. If you are in relatively good health, you will likely be accepted for a specific term. The term is the period for which the life insurance policy will be active. This may be 10 years, 20 years, 25, etc. The exact term of coverage is spelled out in the policy agreement.
Many people like term life insurance because they can lock in a low rate while they are younger and have the premiums stay the same for the term of coverage. And term life insurance generally costs less than a whole life policy. Term life insurance often works better than whole life for people on a strict budget. The prices generally depend on the term of coverage and the amount of the death benefit, and your overall health and age.
Get Term Life Insurance
Call us at Fuhriman Insurance Agency in Boise, ID if you need life insurance to protect your loved ones.
There are many reasons why renters insurance is a good idea, even if you don’t think you have much to lose. Most people underestimate the value of their possessions and the protection that renters’ insurance can provide. Here are four reasons why every renter should consider getting coverage.
Your Possessions Are Valuable
Even if you don’t think you have much, your possessions are likely worth more than you think. Everything has a price tag from your clothes and furniture to your electronics and appliances. And if something were to happen to them, like a fire or burglary, you would have to replace them out of your own pocket. With renters insurance, you can rest assured that your possessions are protected.
Your Liability Is Covered
If someone gets hurt while in your home, you could be held liable whether or not you are at fault. This includes medical expenses and legal fees if a lawsuit is filed. With renters insurance, your liability is covered up to a certain amount, which can help protect you financially.
Your Landlord’s Insurance Doesn’t Cover You.
Most landlords have insurance to protect the building, but this does not cover your personal belongings or liability. It would help if you had your own renter’s insurance to be fully protected.
Renters’ insurance is surprisingly affordable, especially when you consider the peace of mind it can provide. It’s a small price to pay to protect your possessions and financial security.
Get Renters Insurance in Boise, ID
There are many reasons why renters insurance is a good idea. No matter how safe you feel or how little you think you have to lose, it’s always good to be prepared for the worst. Contact Fuhriman Insurance Agency today for more information on renters insurance and to get a quote.
Boise, ID area business owners turn to the Fuhriman Insurance Agency for all of their commercial insurance needs. As your business grows, it may be time to take a closer look at an umbrella insurance policy. We look forward to working with you!
Umbrella policies can help fill the gaps in your commercial insurance coverage
When it comes to commercial insurance, you never want to run out. Policy limits can be reached, and then your company can become financially responsible for a number of losses. Knowing that one major event could cause your primary policy levels to be reached or exceeded is enough to keep any business owner up at night!
Putting an umbrella policy in place can allay those fears and provide the protection your company needs. When a primary policy is maxed out and no longer providing protection, that is when an umbrella policy can be used to fill any gaps. Knowing that you have this excess coverage can provide the peace of mind necessary for you to focus on your business rather than worrying about maximum policy levels.
Don’t wait until your primary policy is exhausted before you begin to consider adding an umbrella policy to your commercial insurance portfolio. Now is a perfect time to sit down with a trusted local agent and find out more about the available umbrella insurance policy options.
Let us help you with all of your commercial insurance needs!
If you are a business owner in the greater Boise, ID area, the team at Fuhriman Insurance Agency would welcome the opportunity to work with you. Give our office a call today and schedule an introductory consultation. We are proud to serve the insurance needs of our local business community!