Life insurance is the one type of insurance you don’t buy to protect yourself, you buy it to protect your loved ones. If something happens to you, it will help them to be able to go on with their lives without your paycheck to pay the bills. Deciding how much life insurance is enough is not a simple one size fits all figure. Many factors go into coming up with the right amount and having an insurance agent who you trust can make all the difference. In Boise, ID that is Fuhriman Insurance Agency, a family owned small business that has been in business for almost 60 years.
The aim of life insurance is to provide security for your loved ones. How much money that involves depends on who your loved ones are. If it is your parents it will require a lot less money than if it is a spouse and young children. Depending on how old your children are and the type of lifestyle you are living, it can be years of income. According to financial experts, it can be from seven to as much as 10 or more years of your income. If you plan for them to be able to attend college, that is something else to consider.
You should also have enough life insurance to cover any debt that you may have. This includes everything from a mortgage to a car payment and credit card debt. Making sure that you provide the money for your final expenses is the very least you should do. Losing someone you love is stressful enough, worrying about how you will bury them is unthinkable.
When you are ready to discuss your life insurance needs, Fuhriman Insurance Agency in Boise, ID is an independent agency that offers a selection of the finest carriers in the business. Give our office a call or stop in to get a no-obligation quote.
Whether you own a large business with hundreds of employees or only a couple, Idaho law requires that you carry several types of insurance to protect both your business, your employees, and third parties should an accident or incident occur. First, if your business employs one or more people regardless of whether they are seasonal, part time or full time employees than state law requires that you carry workers’ compensation insurance. This type of coverage helps pay for medical bills and lost wages associated with an illness or injury that an employee sustained while working. Second, any vehicles that are owned by the company must be covered by a commercial auto insurance policy. Lastly, although it is not required, any business that asks their employees to use their personal vehicles for work purposes like delivery should strongly consider hired and non owned auto insurance because personal policies are highly likely to exclude business use from coverage which could leave an employee exposed for hundreds of thousands of dollars if an accident occurs.
In addition to the aforementioned required insurances, businesses can select from a number of auxiliary options depending on their use case. For example, if your company is at a higher risk of a data breach that could expose sensitive customer information then cyber liability insurance may be an extra coverage that provides peace of mind by helping to pay for losses associated with cyber attacks. At Fuhriman Insurance Agency in Boise, ID we strive to provide excellent service by learning the ins and outs of your company so we can offer personalized insurance recommendations that meet and exceed your needs. Give us a call today to schedule your no obligation consultation with a member of our team.