What is the Best Business Insurance?

Posted on by Brad Smith
Finding good business insurance can be a challenge
Better Business Insurance

It depends! Finding the best business insurance for many small businesses can be a challenge. Most small business owners in Kentucky will see that they have multiple options. Generally, competition leads to lower prices for canny consumers. With that said, commercial insurance is not a commodity and finding the best value may take a little effor.

Prices paid for Kentucky business owners’ insurance may range widely. Commercial insurance rates in Georgia and South Carolina are no different. Chances are, the more unique your business is, the tougher it will be to find a great deal on commercial insurance. Ferreting through the long list of products makes it difficult. 

Insurance Options

To find the best commercial insurance for you, start by reviewing your options. Insurance companies do not write insurance in all states. It’s not uncommon to see a company provide great rates to business in one state, but for some small businesses, you will find that they don’t have a lot of options.  Auto dealerships, certain trucking classes, and roofers are good examples. Regardless, it is important to continue your search.  

TruePoint Business insights and solutions. Great insurance starts with improving business awareness.
Knowledge is key to better insurance

Price

Commercial insurance premiums can be a cause of friction.   Would you buy a commercial auto policy if it only provided coverage on Saturday and Sunday?

If you could buy it at 10% of the competitor’s price would you do it?

Of course, you wouldn’t! This ridicules and silly example is used to get a point across. Price is significant! But only after you have determined that the policy is suitable for your business. 

Insurance is not a commodity. TruePoint agents are using transparency and communications to help KY, IN, SC, and GA business owners.
Insurance coverages change from one policy to the next

Coverage

There are many insurance agents, broke, s and carriers that sell on price alone.  Each of them would love for you to believe that insurance is a commodity. Business owners beware. As the business owner or manager, it is your responsibility to make sure any business insurance policy being considered has the coverages that you need.  When comparing multiple policies, make sure that they are on par with each other.  It is the agent’s job to provide a quote that is comparable to your current coverages.  However, it is your business that will bear the brunt.

Great insurance agents don’t sell, they inform and advise. First, they take the steps to understand the prospective business.  And hopefully, an understanding of the risk aversion of the prospect. After generating quotes and putting together a proposal.  The question of price can now be considered.  By interacting with the insured, risk management decisions can be made incorporating both coverage and price information.

Great insurance quotes don’t use deceptive practices to alter the relative value. The following are just a few ways that we’ve seen this attempted in the past:

Commercial insurance for roof blown off, business insurance deductibles in % beware
BEWARE: If your deductible has a % sign and not a $ sign.

• Deductible Changing a deductible from $500 to $1,000 without consulting the client isn’t a smart thing to do. Watching your deductible and other factors, that make up your commercial insurance policy is wise.

By committing to review your insurance policy when quoting and at renewal time you will also avoid some more adverse outcomes. While the dollar-based deductible change is concerning, beware of any deductible expressed as a percentage. Anymore it’s not uncommon to see 1% or 2% deductibles, especially for the wind/hail deductibles. If the deductible were 1% of the loss, there would be no issue. But it’s not; a 1% deductible is based on the policy limit. So if you have an office with a $600,000 value or limit, the deductible is $6,000 at 1%/ $12,000 at 2%.

Assume you have a 2% wind/hail deductible. A windstorm hits that result in $8,000 in damages. At first blush, a 2% deductible on an $8,000 claim is $160??

WRONG!

Your deductible $12, 0000. You pay for all the repairs.

• Read your application.  There are a lot of questions, people make mistakes, and even worse sometimes they assume. By signing the application, you are attesting to the accuracy of the information that is being provided.  Down the road, supplying the insurance company with bad information may muddy things up.

• What does your General Liability say about you? Your Commercial General Liability premium is a result of what and how much you do. You should review both for accuracy. Consider the following. 

You have the opportunity to be an insurance company. Today you can write a General Liability insurance to one business only.  Regardless of your choice, you will receive a premium of $500.  

Need Tree Removal insurance in Kentucky. TruePoint can help! We're also helping tree trees find insurance in Georgia, South Carolina and, Indiana.
Insurance starts with understanding risk

The first company you can insure is in the Tree Removal Business.  They also do lawn-care, snowplowing, and building demolition.  Their current policy indicates that they are in the lawn-care business.  The owner argues that this is correct as 50% of their revenues come from mowing lawns.

Do you need insurance for lawn care business in Kentucky. TruePoint is also working to insure lawn cares businesses in Georgia, South Carolina and Indiana.
We have great lawncare insurance options in KY, GA, SC, and IN

The second company is a Lawn Care Business? They mow lawns.  Period!

Pick one.  Remember, the premium will be the same regardless of your choice.

The point is you need to know what type of business your insurance policy says you are.  What if you’re the first business? 

Do you think he will be covered if a tree falls on a house?

How much?  How much business you do is also important.   Premiums for Commercial General Liability are primarily a function of what you do.  What you do has multiple meanings. For example, the type of work you do, how often you do it, how many people help you, how long you’ve done it and how many losses you’ve had.

What will happen If your application states that you have a payroll of $34,000 when the truth is you have a payroll of $95,000?

Houston we have a problem!

Rocket launch pad, experiencing problems similar things can happen to your commercial insurance

After your policy has been in force for a full year, your insurance company will perform an audit. At this point, they will discover that your payroll is almost three times higher.  What happens? They will send you a bill to offset the difference. Hold on. Things are about to get worse. After plugging your true payroll into their system, you will start receiving significantly higher bills.  One last carpet bomb; you know have a policy that is costing $2,000 more per year than advertised. In hindsight, you now have to question your decision. What appeared to be a $400 savings appears to have cost much more than the policy with all the bells and whistles. Wow!

But this is not the end of the process; it is ongoing.

It doesn’t matter whether you’re trying to buy Georgia commercial insurance or South Carolina. Great insurance is a two way street between the agent and the business owner. Constant communication aimed at awareness and identification of ever-changing exposures. Feedback to this should come in the manner of risk transfer options.  This should include their cost and some form of analysis.  The end result gives the business owner the ability to make an educated decision.

We are Kentucky Business Insurance Specialist. TruePoint will soon be on of the best business insurance solutions in Georgia and South Carolina.
Business Insurance that’s on target. TruePoint Insurance!

There is an answer to what is the best business insurance. Unfortunately, it isn’t as simple as the insurance company or that insurance agent. It is a function of where you live, what you do, and what you need in regards to insurance. The formula should be extended to what insurance companies you can access.  The final factor may be the easiest place to get off track.  It is critical that you find an agent or broker that is knowledge and transparency.

In short, you are the key to determining what the best business insurance for your business is.

TruePoint Insurance Group, LLC

Our Kentucky and Indiana team can be reached at (502) 410-5089

Contact our Georgia and South Carolina commercial insurance team at (912) 330-1265

Emergency Preparedness for Farms: Developing a Plan for Natural Disasters and Other Emergencies

Posted on by admin

Farming is a way of life that comes with unique challenges, especially when natural disasters strike. At TruePoint Insurance in Pooler, GA, we understand the importance of safeguarding your livelihood. Preparing for emergencies is crucial to minimizing damage and ensuring your farm’s resilience.

Understanding Your Risks

The first step in developing an emergency preparedness plan is identifying the specific risks your farm faces. Whether it’s hurricanes, floods, or droughts, understanding these threats helps create a tailored plan. Knowing the local climate and weather patterns around Pooler, GA, will also aid in anticipating potential disasters.

Creating a Response Plan

Once the risks are identified, it’s time to develop a detailed response plan. This plan should include evacuation routes, communication strategies, and roles for each family member or employee. Make sure everyone on the farm knows the plan and conducts regular drills. Having a clear, practiced response can make all the difference during an emergency.

Protecting Your Assets

Securing your farm equipment and livestock is essential. Consider investing in sturdy shelters and backup power sources to maintain operations during a crisis. Maintaining an up-to-date inventory of your assets will also be invaluable for insurance claims. TruePoint Insurance can help you understand the coverage needed to protect your investments.

Reviewing and Updating Your Plan

Emergency preparedness is not a one-time task. Regularly review and update your plan to accommodate new risks and changes on your farm. Staying informed about the latest safety protocols and technologies can enhance your preparedness efforts.

Call Us For a Farm Insurance Quote

At TruePoint Insurance in Pooler, GA, we’re committed to helping you protect what matters most. Contact us today to discuss your farm insurance needs and ensure you’re ready for whatever comes your way.

Why You Need Liability Coverage in Your Renter’s Insurance

Posted on by admin

If you’re a renter, you’re likely required to have renter’s insurance. Virtually all landlords require it, and sometimes, the area you live in also requires it. This type of policy comes with several different kinds of coverage. Each of these gives you protection in a different way. Renter’s insurance is well-known for providing coverage against damage to your belongings, but there are other types of coverage in these policies. There’s no time to wait if you don’t have renter’s insurance yet. Give us a call now at TruePoint Insurance in Pooler, GA.

Accidents in Your Home

The home you rent is home to your household, but other people will come to visit as well. When someone from outside your household is there and has an accident, you could be liable for all the following bills. When there’s an accident at home, there can be a lot of different bills that are due, and as the renter, you’d be responsible for all of them. The landlord wouldn’t be responsible for these bills since you are renting the home and have taken on responsibility for what goes on there.

Bills From Accidents

When someone does have an accident in your home, the medical bills would be left to you if you didn’t have renter’s insurance. But that’s not the end of the bills. You may also have to pay for their lost wages during their recovery. In addition, they may have legal costs that you’d have to pay for. If they need any ongoing therapies, you’d have to pay for that, too. Never go without this insurance to have a policy to pay these bills.

Get Renter’s Insurance in Georgia

To get started, call us at TruePoint Insurance in Pooler, GA.

Do You Have to Maintain Motorhome Insurance If Your Motorhome is Parked For the Winter?

Posted on by admin

As the colder months approach, many motorhome owners start thinking about winter storage. A common question we get at TruePoint Insurance, which provides motorhome insurance products to residents in the greater Pooler, GA, region, is whether maintaining motorhome insurance during the off-season is necessary. Let’s explore why keeping your coverage could be a wise choice.

Understanding Off-Season Coverage

When your motorhome is parked for the winter, it might seem tempting to cancel your insurance to save money. However, there are several reasons why maintaining coverage can be beneficial. Even when it’s not on the road, your motorhome is still susceptible to risks like theft, vandalism, and damage from winter storms.

Protecting Your Investment

Consider the investment you’ve made in your motorhome. Comprehensive coverage can protect against non-collision-related incidents, such as fire or falling objects. Without insurance, any damage during the winter months would have to be covered out of pocket, which could be costly.

Liability Concerns

Another aspect to consider is liability. If someone were to get injured on your property while your motorhome is parked, you could still be held liable. Having insurance in place provides peace of mind, knowing you’re protected against unexpected claims.

Making an Informed Decision

Ultimately, the decision is yours, but maintaining insurance coverage during the winter can offer valuable protection. It ensures that you’re ready to hit the road when spring arrives without any unexpected surprises.

Need Assistance?

If you have questions about your motorhome insurance or need to help to tailor a policy to fit your needs, contact us at TruePoint Insurance, which provides insurance in the Pooler, GA, neighborhood. Our team is here to help you make the best decision for your situation.

Do You Have to Maintain Motorhome Insurance If Your Motorhome is Parked For the Winter?

Posted on by admin

As the colder months approach, many motorhome owners start thinking about winter storage. A common question we get at TruePoint Insurance, which provides motorhome insurance products to residents in the greater Pooler, GA, region, is whether maintaining motorhome insurance during the off-season is necessary. Let’s explore why keeping your coverage could be a wise choice.

Understanding Off-Season Coverage

When your motorhome is parked for the winter, it might seem tempting to cancel your insurance to save money. However, there are several reasons why maintaining coverage can be beneficial. Even when it’s not on the road, your motorhome is still susceptible to risks like theft, vandalism, and damage from winter storms.

Protecting Your Investment

Consider the investment you’ve made in your motorhome. Comprehensive coverage can protect against non-collision-related incidents, such as fire or falling objects. Without insurance, any damage during the winter months would have to be covered out of pocket, which could be costly.

Liability Concerns

Another aspect to consider is liability. If someone were to get injured on your property while your motorhome is parked, you could still be held liable. Having insurance in place provides peace of mind, knowing you’re protected against unexpected claims.

Making an Informed Decision

Ultimately, the decision is yours, but maintaining insurance coverage during the winter can offer valuable protection. It ensures that you’re ready to hit the road when spring arrives without any unexpected surprises.

Need Assistance?

If you have questions about your motorhome insurance or need to help to tailor a policy to fit your needs, contact us at TruePoint Insurance, which provides insurance in the Pooler, GA, neighborhood. Our team is here to help you make the best decision for your situation.

Securing Your Motorcycle When Commuting to Work

Posted on by admin

Taking your motorcycle to work lets you become one with the road and save money on gas. It’s pretty efficient and becoming popular in the Pooler, GA area. If you’re commuting to work on your bike regularly, consider these tips to keep your bike safe and secure. 

1. Invest in a Lock

While many bikers already have a lock on their bike while working, some who park in a gated area or parking garage may not need one. Having that lock on your bike is always good practice, even if you think the area is secure. 

2. Add a Cover to Your Bike

Adding a cover and removing it may seem labor-intensive and unnecessary, but it will help deter your bike from being stolen while at work. When your bike has a cover on it, it takes a few minutes to get it off efficiently and get going. This can deter thieves from stealing your bike and moving on to another target. 

3. Add an Alarm

Not all bikes have an alarm, but you can add one that will alert you by sound and even by app notification if someone attempts to start your bike while it’s locked. This alarm will cause others to notice around the area and scare off someone attempting to take the bike. Bikes with alarms aren’t usually worth the trouble since they are looking to steal bikes that are easy to get and can be taken discreetly. 

4. Be Aware of Where You Park

If your employer has a gated lot or parking garage, park your bike in those areas. It keeps them out of sight and in areas that are harder to get. While it isn’t always 100 percent, it will discourage most thieves from attempting to steal the bike. 

If you need motorcycle insurance, contact our agents at TruePoint Insurance today for a personal quote. 

Commercial Insurance Your Georgia Business Must Legally Carry

Posted on by admin

When you establish a business in Pooler, GA, you need more than just a business license—you must also have insurance. The state of Georgia mandates two specific types of commercial insurance for entities conducting business within its borders and suggests two additional insurance policies. Allow TruePoint Insurance to facilitate your procuring the necessary insurance for your business operations.

Workers Compensation Coverage

As a sole proprietor, you will not require workers’ compensation insurance until you recruit your first employees. It is a state policy for all businesses to have employees to provide workers’ compensation coverage. This particular insurance takes care of medical expenses, rehabilitation, and part of the wages of any employee who suffers injury or contracts a disease during the course of work.

Commercial Auto Coverage

You need to provide commercial insurance for vehicles used for your business. If your vehicle doubles up for business use, you may need both personal coverage and a commercial auto policy to cover your vehicle. Georgia state law prescribes the same minimum levels of liability coverage for both personal and commercial auto insurance.

Recommended Insurance Types

Not deemed compulsory by law yet, the Office of Commissioner of Insurance and Safety Fire (OCISF) recommends that businesses have property insurance and liability coverage. They do not stipulate coverage amounts but define what the insurance should ideally cover. As per OCISF, a company should obtain general property insurance that extends to the business premises and its contents, relevant business equipment, and all other business-owned real or personal property.

National Requirements for Businesses

Under the Affordable Care Act, businesses with a workforce of 50 or more are obligated to provide health insurance to 95% of their full-time workers or equivalent part-time employees. The Internal Revenue Service imposes hefty fines for non-compliance.

Get the Insurance Your Business Needs

Contact TruePoint Insurance today to create a bespoke commercial insurance package that safeguards the financial health of your Pooler, GA business. We are here to help you meet state and federal compliance demands.

Collision insurance on an auto policy

Posted on by admin

It is crucial for drivers to understand that mandatory liability insurance policies cover only the costs of damage they inflict on other vehicles and any resulting injuries. To cover their own repair costs following a collision, drivers must ensure their insurance policy includes collision coverage. TruePoint Insurance provides collision policies to local drivers in Pooler, GA. Here’s a brief overview of collision coverage and its significance.

Typical Damage to Vehicles from Car Accidents

Vehicles are prone to specific types of damage post-accident. Elements such as bumpers, tires, windows, and light fixtures often necessitate replacements. Drivers in Pooler, GA, should note that the costs for such repairs can fluctuate, but they are frequently quite steep, particularly if a car suffers significant damage in an accident. Collision policies primarily protect drivers from the abrupt financial burden of damage and essential repairs of this nature.

Collision Policies and Deductibles

Most collision policies require the policyholder to contribute towards their repair costs through a deductible. The insurance company covers the remaining costs once the deductible has been fulfilled. However, this sum differs for each driver in Pooler, GA. Essentially, it represents the figure that each driver has to pay out of pocket. An insurance agent can explain more comprehensively how deductibles function within any policy.

Understanding More About Collision Coverage

Our agents at TruePoint Insurance can help you establish a policy and examine coverage options. Contact us today to further your understanding and start your journey with auto insurance coverage.

Home Insurance Claims: Tips for a Smooth and Successful Process

Posted on by admin

Owning a home in the Pooler, GA area can be an excellent idea for many people. If you are going to buy a house here, you also need insurance in the event you are a victim of an accident, fire, or other situation that results in a loss. In these situations, you may need to file a claim. There are various tips to follow that can help you file a claim more efficiently. 

Gather Documentation

When you are going to file a claim, having proper documentation is very important. This can include pictures of the damage, quotes from repair contractors, and any witness statements if necessary. This will give your insurance provider information to review, which can help support your claim and ensure you are reimbursed. The more detail you are able to offer, the more easily it will be to have the claim reviewed. 

Start Claim Early

While you will have some time to submit insurance claims, starting the claims process early is also a good idea. Ideally, if you have a repair need that should be covered by insurance, you should call as soon as possible. The insurance company could get an adjuster sent out quickly for a full review. They can also connect you with preferred vendors that can help to make these repairs. This can also speed up the process of having the claim approved. 

Being able to file an efficient home insurance claim is always advantageous. When you are looking for support getting insurance from a reliable carrier, call our team at TruePoint Insurance. Our professionals with TruePoint Insurance have helped many people in the Pooler, GA area learn more about their insurance needs and select a policy that offers excellent protection from a reputable company. 

How to Protect Your RV Adventures with Comprehensive Insurance in Savannah

Posted on by admin

Living in Savannah, GA, and contemplating how to safeguard your beloved RV against unexpected events? Don’t let uncertainties about local RV insurance laws dampen your overland adventures. Let trusted professionals at TruePoint Insurance guide you through protecting your RV.

Comprehensive RV Insurance Tips for Savannah Adventurers

Driving a camper, Class A motorhome, or a pull-behind trailer through the historic cobblestone streets of Savannah presents a unique challenge for both local RVers and out-of-town adventurers. The area’s narrow roads and unexpected weather conditions from the Savannah River and the Atlantic Ocean can make for quite a tumultuous drive. Thankfully, comprehensive RV insurance can provide financial assistance in combating common and uncommon perils. For example, this coverage can help offset the costs of RV accidents, theft, vandalism, or unforeseen damages at your favorite local campground.

Trust TruePoint Insurance for Specialized RV Protection

TruePoint Insurance provides specialized RV insurance policies specifically designed for Savannah locals seeking to protect their prized possessions from unexpected events. Our friendly, knowledgeable, and licensed agents are here to help RV owners navigate the intricacies of selecting the right RV insurance coverage. Some of our insurance policies even include add-ons like emergency roadside assistance, gas delivery, and towing services—crucial for those unexpected moments stuck on the side of I-95.

Contact TruePoint Insurance in Savannah, GA, today to discover how our trusted local insurance agent can protect your interests during local and long-distance RV journeys.

Tips on Buying Motorcycle Insurance For Your Classic Bike

Posted on by admin

Investing in a motorcycle can be exciting, and purchasing a vintage model can be even more exhilarating. Classic motorcycles offer unique features and value that modern bikes may not have. As such, it is important to secure the correct amount and type of motorcycle insurance to protect your investment.

At TruePoint Insurance, we offer clients in the Savannah, GA, area access to quality motorcycle insurance to suit their needs.

Choosing the Right Classic Motorcycle Insurance

Several considerations come to the fore when purchasing motorcycle insurance for your vintage bike. First, understand its value comprehensively; older bikes in good condition are often valued higher than others. Note that the bike’s value is based on the appraised amount, not necessarily what you paid for it.

Next, decide if you should opt for replacement or actual value coverage. Replacement value coverage pays for replacing your bike with a similar one, while actual value coverage merely provides the bike’s current worth. Please choose based on your bike’s type and value progression over time.

Also, consider the cost of replacement parts. A motorcycle accident could force you into extensive repairs, and finding classic parts to restore the bike properly can be both challenging and expensive, thereby increasing the cost.

Assistance in Securing Quality Insurance

When investing in motorcycle insurance in Savannah, GA, remember that you can rely on the team at TruePoint Insurance. You can procure the best insurance type that offers comprehensive coverage for your motorcycle, reducing your risks every time you hit the road for your next adventure.