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.