The unthinkable can happen in business, so it’s good to be prepared. You might need to file for an insurance claim at some point, whether your employee gets into an accident with a business vehicle or gets injured at work. If you have general liability insurance, you are already a step ahead but may need commercial umbrella insurance for your business. Check out these reasons why you should have umbrella insurance in Boise.
It Saves You Money
Paying premiums can be challenging, especially if you already have other types of business insurance. However, premiums are much lower than the liability costsiability should anything happen to your business premises, vehicles, products, or employees. With umbrella insurance, you don’t have to worry about saving vast sums of money to use as emergency funds because the insurance covers the extra costs.
It Provides Extra Protection
Umbrella protection provides additional coverage to your existing coverages, so it is the last option when the other coverages have reached their limits. Umbrella insurance provides handy financial protection in case of vendor or customer lawsuits.
It Gives You Peace of Mind
The business world is risky, and anything could happen at any time. It could be an accident, a lawsuit, or even an injury that involves you or your business. Umbrella insurance gives you peace of mind that you won’t have to worry about surviving an incident that affects your business financially.
All Businesses Can Benefit
In Boise, ID, all businesses can qualify for commercial umbrella insurance if registered. Whether your company has two or more than one thousand workers is fine. You only need to find the right umbrella insurance provider, understand the terms, and protect your business.
Contact Fuhriman Insurance Agency
Umbrella insurance is a valuable investment that you should consider for your business in Boise, ID. If you want to sign up for umbrella insurance and need assistance, contact Fuhriman Insurance Agency for advice and get started immediately.
Commercial Insurance is an essential tool for providing coverage against risks and losses. Calculating the right level of insurance is imperative. That’s why you need the assistance and resources of our insurance experts at Fuhriman Insurance Agency, proudly serving the residents in Boise, ID.
Calculating Insurance Protection
If you’re currently in the market for commercial Insurance, you’ll need to know what level of protection is ideal for your type of business and assets. Working with an insurance professional can make this process much easier. They can take the time to calculate your current insurance needs and provide you with policies that meet or exceed those needs. In most cases, the value of the business and its assets are lumped together, and the next highest level of coverage available is selected to ensure there are no gaps in coverage and adequate Insurance in place.
Our insurance agency is committed to assisting our customers with selecting the right policy. We carefully explain the terms and conditions for each option and assist with submitting documentation and other details to secure the policy. We also support any changes during the policy’s lifetime and even claim submissions. We believe in working with our customers to help them get the customer service necessary for peace of mind.
Reach Out to Fuhriman Insurance Agency Today
Anyone in the market for quality commercial insurance products should call or stop by the office of Fuhriman Insurance Agency. We are proud to offer a full range of products and services to the residents of Boise, ID, and the surrounding areas. Don’t wait to get the protection and security offered by commercial insurance. Let us work with you to help you avoid risks and losses.
The Boise, ID area continues to be one of the fastest-growing parts of the country. Along with this growth, it has become a great place to start and run a business. If you would like to be a business owner here, it is essential that you carefully assess your insurance needs. One necessary type of coverage to get is workers’ compensation insurance. There are various reasons why you should get this coverage.
Cover Medical Expenses for Employees
One of the reasons for having workers comp insurance is that it can cover medical expenses for your employees. This type of insurance is designed to offer support to an employee if they are injured while at work. This can cover medical bills and replace lost wages. This is a valuable benefit to be provided to your team members.
Reduce Liability Risks
With workers’ compensation insurance, you can also reduce your liability risks. If you do not have this coverage and someone is hurt, they are more likely to file suit against the business to receive support. With workers’ comp coverage, you can reduce this risk.
Similar to other states, many businesses in Idaho are required by law to get workers’ compensation insurance. If you have employees or contractors on your payroll, you must meet the requirements. If you are not adequately insured, you could face various penalties.
Being a business owner can be a great idea if you want to be your own boss in the Boise, ID area. If you own a business, you should call our team at the Fuhriman Insurance Agency. Our professionals understand the importance of workers’ compensation insurance and your options. We can ensure you choose a plan to meet your business needs.
Many online businesses have inventory stored at a specific location. Inventory is a significant cost for these businesses. That’s why they need commercial insurance. Commercial insurance protects inventory against fire, theft, vandalism, and other covered losses. If you have a business with inventory, it’s time to learn more about getting top-quality protection by acquiring reliable commercial insurance. Residents of Boise, ID can count on Fuhriman Insurance Agency to provide them with the insurance products they need for security.
Commercial Insurance Protection
Commercial insurance is essential for businesses to protect themselves against liability, employee lawsuits, property loss, or any other damages. This coverage is also known as business insurance and covers most inventory. It may also cover business equipment and other essential pieces of property that are required to do business.
Accurately calculating the level of commercial insurance necessary to protect your business interests adequately is important. The best way to get a complete assessment is to determine the cost of each asset belonging to the business and bring your receipts and figures to a qualified insurance agent. They can review your information and help determine if you need more or less coverage. Once they choose your coverage needs, they can recommend policies matching your needs.
Let Us Help You Today
If you are interested in finding reliable commercial insurance to protect your business and its assets, call or stop by Fuhriman Insurance Agency today and speak with one of our knowledgeable insurance agents. They are proud to assist the residents of Boise, ID with finding the right insurance to protect what’s important to them. Get the coverage necessary to secure your inventory and much more.
If your business is like most, you have commercial insurance that covers your property, liability, and perhaps some other risks. Fuhriman Insurance Agency in Boise, ID, wants to help you understand the process of renewing your policy to ensure you have the coverage you need at a price you can afford.
Here are some questions to ask yourself as you begin the renewal process:
1. Have You Changed Your Location?
When you move your business, you may face new risks, and your old policy might not cover them. Please make sure you tell your insurance agent about any changes in location so they can help you find the right coverage.
2. Have You Changed Your Hours of Operation?
If you’ve changed the days or hours when your business is open, that could affect your insurance needs. For example, if you’re now open later at night, you may need more liability coverage in case a customer is injured on your property.
3. Have You Added Any New Employees?
You may need to add or adjust your workers’ compensation insurance if you’ve added employees. You may also need to update your liability coverage if your business poses a greater risk of injuring someone.
4. Have You Purchased New Equipment?
If you’ve made significant purchases, like new vehicles or expensive machinery, you’ll need to ensure your insurance policy covers those items.
5. Have You Changed Your Business Model?
Business operations that were once low-risk may now pose a greater liability. For example, if you’ve started selling products online, you may need to increase your product liability coverage.
Make Your Business Insurance Renewal a Breeze With Fuhriman Insurance Agency
At Fuhriman Insurance Agency in Boise, ID, we understand that renewing your commercial insurance policy can be daunting. But with our help, it doesn’t have to be. We’ll work with you to understand your business’s evolving needs and find the right coverage at the right price. Contact us today to get started.
Fuhriman Insurance Agency strongly recommends looking into pest control insurance if you operate a pest control business in the greater Boise, ID area. Unfortunately, many pest control companies have never heard of pest control insurance and have no idea that there is a specific type of insurance that covers and protects their business. Read on to learn more about this type of insurance, what it covers, and why it may benefit you.
What is Pest Control Insurance?
Pest control insurance is a commercial insurance product explicitly designed to protect pest control companies. Pest control companies are a bit different than other types of businesses because they handle a large amount of chemicals and are in people’s homes or businesses. On top of this, pest control drivers drive from location to location. As such, pest control insurance is designed to provide you with insurance to cover all of these situations.
What Does Pest Control Insurance Cover?
Pest control insurance covers many things. Some of these things include lawsuits that may arise if the wrong chemical is used and someone becomes sick. Pest control insurance also helps to protect your business from lawsuits you may face if one of your drivers is involved in an accident while driving to or from a place where pest control services are needed.
At Fuhriman Insurance Agency, serving the greater Boise, ID region, we work with small, medium, and large business owners to help them find the commercial insurance policies that are best suited for their business needs. If you are a pest control company, pest control insurance is perfect for your business. Reach out to our insurance agency today to learn more about pest control insurance or to obtain an estimate for a new policy.
Worker’s compensation is essential. Why? It protects employees who become ill, injured, or killed on the job. It compensates them for the losses they suffer. It also keeps employers who are protected from paying for losses out-of-pocket and any lawsuits that could result. The Fuhriman Insurance Agency of Boise, ID can provide business owners protection.
Employers are vulnerable to costly lawsuits without workers’ compensation insurance protection. It helps employees if they fall on ice outside of their office and break an arm, if they work with chemicals daily and become sick, or if they get an accidental needlestick while tending to a patient.
Every state except Texas requires employers to purchase insurance coverage, providing a range of benefits for employees who become ill or injured because of their employment. They will receive benefits regardless of who is at fault.
What exactly is covered by workers’ compensation coverage?
- Mental and physical injuries resulting from strain while on the job
- Pre-existing conditions that become worse due to their job
- Injuries that could happen during work-sponsored events, breaks, lunch periods, or any company function
- Physical injuries caused by the performance of the job
Workers’ compensation insurance makes resulting injuries easier to bear if they cannot perform job functions for a period of time. It provides benefits to the worker and their family when the worker is incapacitated.
In addition to lost wages, the cost of retraining the employee, rehabilitation, and all medical expenses will be covered. The business is also protected as it provides income and relief for the worker after an accident, reducing the possibility of a lawsuit.
If you are a business owner, ensure you protect your interests and employees with worker’s compensation insurance. Contact the Fuhriman Insurance Agency of Boise, ID today. You will be glad you did.
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.
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.