Does workers’ comp insurance count as part of an employee benefits package?

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.

How Term Life Insurance Works

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.

Term Coverage

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. 

Low Cost

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.

What You Don’t Know About Commercial Insurance Can Hurt 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.

Why Is It Worth Having Renters Insurance

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.

It’s Affordable

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.

Umbrella policies can help fill the gaps in your commercial insurance coverage

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!

Is it Time to Update My Auto Insurance?

Purchasing auto insurance is not only mandatory but cushions you financially when accidents happen. While most people have invested in car insurance, only a few bother to update the policy. If you want to get the best out of your car insurance, reviewing it regularly shouldn’t be an option.  Not sure when you should update your car insurance? Fuhriman Insurance Agency in Boise, ID is here to guide you.

When you change your personal details

If you have changed personal details, such as your name, it’s essential to inform your insurer. Most couples change names after marriage only to forget that informing their insurer is necessary.

Also, don’t forget to change the name on the license since the name on the insurance policy should match the one on the license.

When selling your current car

Would you like to upgrade your current car? No problem. All you need to do is inform your insurer. The good thing is that most insurance companies allow you to transfer your existing policy to your new one.  However, the premium may go up if the value of your new car is high.

Moving to a new address

Where you live is one of the factors that’s considered by most insurers when computing your premium. If you are moving locations, inform your insurer. They will advise whether there will be any changes in your premium.

Change of use

Want to convert your car into a commercial? You just need to update your current car insurance to commercial auto insurance. This way, your claim won’t be rejected when your car is involved in an accident when running business errands.

Learn more about car insurance

Reviewing your car insurance not only makes the processing of claims smooth but also ensures your current needs are covered. Want to update your auto insurance in Boise, ID. Please get in touch with Fuhriman Insurance Agency for guidance.

Is Home Insurance Mandatory in Idaho?

Home insurance in Idaho state is not mandatory. However, Idaho is a state of diverse weather which poses risks all year round for property owners. That said, if you are a homeowner in Idaho, home insurance should be a must-have. One unpredictable event could bring down your entire home, and the consequences can be devastating.

That said, even though the state of Idaho does not require one to have home insurance, it’s a crucial asset that all homeowners must purchase. If you buy home insurance from Fuhriman Insurance Agency, you enjoy the below benefits.

It offers you liability protection

Accidents can happen within your home compound. For instance, someone can trip on stairs or drown in your swimming pool. Unfortunately, you can be sued for that. We all know how expensive legal charges are. Home insurance will protect you from legal responsibilities.

It protects you from natural or human-made disasters

Because Idaho weather is diverse, a natural calamity like hail, sandstorms, or lightning can occur and destroy your house. Luckily, comprehensive home insurance will protect you from damages or losses caused by the insured natural calamity. Besides protecting you from natural disasters, comprehensive home insurance protects you from homemade disasters like thefts, riots, and vandalism.

It provides you with temporary living expenses

In case of an unfortunate event that reduces your home to being inhabitable, the insurance provides you with temporary accommodation as they renovate or rebuild your home.

It protects your personal belongings

In addition to covering the structure of your house, home insurance has coverage that protects your contents in case of damage or loss. These contents may include clothing, furniture, appliances, and much more.

Home insurance in Boise, ID

No matter where you reside in Idaho, your home is an excellent investment that needs protection. Home insurance from Fuhriman Insurance Agency is all you need if you live in Boise, ID, and its environs. Contact us today for an affordable quote.

Why Should I Bother with Pest Control Insurance?

From pesky crawlers to giant rodents, pest control companies do a critical job of keeping unwanted species from your premises. All this is important to keep the client’s premises healthy and safe. Unfortunately, if you are an exterminator, you have to contend with certain risks, just like any other business. But thank goodness, you can count on pest control insurance from Fuhriman Insurance Agency to protect your Boise, ID pest control business.

Why pest control insurance matters

In business, we are always looking for ways to keep costs in control. However, in your cost-cutting strategy, don’t be tempted to shave your insurance budget, especially pest control insurance if you offer extermination services. Pest control insurance is an asset for your business because it protects you in the following areas:

Liability protection

There are so many areas that can go wrong when offering pest control services. Your employee could spray on your client’s expensive electronics, causing damage. Your products could also harm your client. Unfortunately, when you are accused of property damage and bodily injury, the claims are so high to the extent of bringing your business down.

Luckily, investing in pest control insurance can cushion you against liabilities.

Protects your employees

Pest control insurance contains an aspect of worker’s comp insurance that protects your employees when they get ill or sustain work-related injuries. This coverage covers medical costs and partial loss of income for injured workers who can’t resume work.

Protects your business finances

Not convinced with why you should invest in pest control insurance? Figure out how much it would cost if you were faced with a lawsuit. Also, think of how much it would cost to finance employees’ medical costs.  Since these costs can take a toll on your finances, you need pest control insurance to protect your business capital.

Buy pest control insurance in Boise, ID

Want to protect your extermination business with pest control insurance? Please get in touch with Fuhriman Insurance Agency for an affordable quote.

How Much Auto Insurance Do I Need?

Most states require motorists to buy auto insurance. And if you are on a budget, you might be tempted to stick to basic auto insurance to meet the state’s minimum requirements. But is this enough? Of course not. It would be best if you had more than the state-required auto insurance to protect yourself, your car and your family. But how much auto insurance do you need? Fuhriman Insurance Agency of Boise, ID has the answer.

What’s the minimum insurance I need?

If you want to have adequate car insurance, you first need to meet the state’s requirements. For instance, motorists must purchase bodily injury liability of $50,000 per accident and property damage liability of $15,000 for every accident in Idaho. Underinsured and uninsured motorist policy is required, but you can reject this in writing.

How much liability insurance do I need?

Liability insurance covers bodily injury and property damage to others. It also covers legal costs should you be sued. We usually advise clients to maintain liability coverage of $500,000, covering bodily injury and property damage liability.

However, if you need additional liability coverage of, let’s say, $1 million, we advise you consider umbrella insurance.

How much physical damage coverage do you need?

Opt for comprehensive or collision coverage that can compensate the full amount if your vehicle is totaled. As for deductibles, choose an amount that you are comfortable with. But remember, the higher the deductible, the lower the premiums — and vice versa is true.

How much medical payment coverage do I need?

This depends on whether you have a health insurance plan and its benefits. But even if you have health insurance coverage, you should consider MedPay because it gives you and your family additional coverage like partial wage compensation.

Still not sure how much auto insurance you need? Please get in touch with Fuhriman Insurance Agency of Boise, ID for an affordable quote.

Can Landlords Require Renters’ Insurance?

You’ve been searching for the perfect place to rent for weeks, and you’ve finally found the one that fits your life and personal preferences. It’s time to sign the lease and the landlord says you must provide proof of renters’ insurance. You may be asking, is this legal?

The bottom line is yes. Your landlord can require renters to obtain an insurance policy. While Idaho state law doesn’t require tenants to carry a renter’s policy, there are several reasons it’s a good idea. Fuhriman Insurance Agency serving Boise, ID can help.

Understanding Your Landlord’s Liability

Even landlords aren’t required to carry insurance on the properties they rent out. However, if there is a mortgage on the property, most loan companies require owners to obtain a certain amount of insurance. Landlord or homeowner’s insurance generally includes property and liability protection, which protects the individual from financial loss.

Benefits of Renters’ Insurance

Since a landlord’s insurance only covers their property and not yours, it’s important to obtain coverage that protects you as well. Just like a landlord’s, renters’ insurance can include property and liability insurance.

How Much Do I Need?

To determine the amount of coverage you want or need, think about the value of your belongings and take inventory of your possessions. The type of coverage, coverage amounts, and deductibles can all affect the amount of your premium.

What Happens If You Refuse to Obtain Coverage?

If your landlord requires renters’ insurance, there may be a clause in the lease that says something like “Lessee is required to provide proof of renters’ insurance within 10 days of the start date of the lease.” Failure to provide proof would result in termination of the lease and the landlord could start eviction proceedings. 

For more information on renters’ insurance, contact Fuhriman Insurance Agency serving Boise, ID.