Anyone that is in the Boise ID area will want to spend time considering all of their personal insurance needs. One form of insurance that anyone here will need to think about getting is life insurance. This is a very valuable form of insurance as it helps to ensure that your loved ones are financially protected if you were to pass away unexpectedly. When you are looking for life insurance, you have several options to consider.
Whole Life Insurance
One common form of life insurance to consider is whole life insurance. When you get this form of life insurance, you are going to receive coverage for the rest of your life. This form of the policy can be more expensive on a monthly basis, but a portion of your payments each month will go into an account that will grow in value. This also makes it a good secure form of investment.
Term Life Insurance
Another option to understand is term life insurance. With a term life insurance policy, your monthly payments will not accrue in an account, but they tend to be a lot lower when compared to whole life. While there is not an investment benefit, it does allow for more protection for those on a budget. A term life insurance policy can come with flexible terms and coverage amounts to ensure you get into a policy that meets your needs.
As you are shopping for a new life insurance policy, you should spend time considering all of your needs. For those in the Boise, ID area, the Fuhriman Insurance Agency is a great resource and team to turn to. When you call the Fuhriman Insurance Agency, you can have all of your questions answered to ensure you can get into a policy that meets your needs.
Liability insurance is the most important part of your commercial insurance policy in Boise, ID. Even if your savings alone can rebuild the entire store after a fire, even if you run a home office and don’t have much physical property to insure in the first place, liability expenses can cost several times what you make in a year. One injury can bankrupt not only your business but your personal finances as well. So liability is, no matter what, an absolute must.
But is it enough?
The answer is that it depends on the nature, size, and scope of your business.
For some businesses, such as those that work entirely online through a cell phone and a team of freelancers, liability should be enough as long as you have the right kind of liability insurance. Advertising liability can help you out if anyone takes one of your newspaper ads for slander. Errors and omissions can save your business in the event of severely misfiled paperwork. It depends on what your particular risks are.
Some businesses with physical locations would rather rely on their savings to replace and repair as needed than buy insurance. This is your choice, of course, but it’s not always a great idea. As a wise man once said: If you can’t buy it twice, you can’t afford it. Even if you have the money to rebuild should your restaurant burn down, your insurance will kick in right away once you get signed up, and then you can put those savings towards expanding or improving the business.
Our advice: Call us at Fuhriman Insurance Agency or visit the Fuhriman Insurance Agency website and let’s work it out. We can compare quotes for you to get the coverage you need in Boise, ID, but more than that, we can help you to figure out what you need in the first place.