Insurance Value vs. Real Estate Value

Insurance Value vs. Real Estate Value

When gathering quotes for a new home purchase, many people often assume that the house should be insured for the sale amount, however, this is rarely the case. That makes a version of this one of our most frequently asked questions: “I paid $450,000 for this house.  Why are you suggesting I insure it for […]

Do I Need Cyber Liability Insurance for my Business?

Do I Need Cyber Liability Insurance for my Business?

  Unfortunately, small businesses do not face a shortage of risks in today’s ever-evolving business environment.  What makes cyber risks unique is the dramatic increase in the frequency of attacks against small businesses in the last few years.  In their 2019 Identity Breach Report, cyber security firm 4iQ reported a 425% increase in cyber-attacks to […]

Who needs a Workers Comp policy?

Who needs a Workers Comp policy?

  By Travis Johnson, Broker Workers compensation or “work comp” insurance provides income replacement and medical benefits to employees injured in the course of employment.   For the most part each individual state regulates the work comp requirements that protect workers within its borders.  The exceptions being postal, maritime and railroad workers which are protected under […]

I have a General Liability policy for my business. Do I need Professional Liability insurance, too?

I have a General Liability policy for my business.  Do I need Professional Liability insurance, too?

While there may be some overlap in coverage, General Liability and Professional Liability (sometimes referred to as E&O/Errors & Ommissions) policies serve two different functions. Let’s say you are an accountant. If customer slips in your office and sues, your General Liability policy is your ‘go to’.  This policy will cover costs associated with bodily […]

Umbrella Policies – What are they and who needs them?

Umbrella Policies – What are they and who needs them?

    By Julie Saenger, Denver An umbrella liability policy is extra liability coverage to your auto and homeowners insurance policies.  It covers a much higher liability limit (usually starting at $1 million) than standard home & auto policies.  Umbrella policies protect your assets from an unforeseen event, such as a tragic accident, in which you are […]

Why You Need Boat Insurance

Why You Need Boat Insurance

One of the most frequently asked questions is “Do I really need boat insurance?” Unlike autos, for which every state requires at least liability insurance (in case you damage someone else’s property or cause injury), few states require that you have such coverage for your boat. Arkansas and Utah, for example, are the only states […]

Taking Inventory of Your Home and Personal Property

Taking Inventory of Your Home and Personal Property

In 2011, severe weather disasters inflicted more than $43 billion in damage, according to the National Association of Insurance Commissioners (NAIC). They estimate that more than 50% of these homeowners did not have an up-to-date home inventory of their possessions. All homeowners should conduct a home inventory, which is a list of your personal possessions along […]

How Auto Claims Affect Auto Insurance Rates?

How Auto Claims Affect Auto Insurance Rates?

https://www.dmv.org/insurance/how-auto-claims-affect-auto-insurance-rates.php Some drivers hesitate to file a claim with their car insurance company unless absolutely necessary because they fear that their rates will automatically increase. This is not always the case. Whether your car insurance rates go up and by how much depends on your car insurance company, the circumstances of the incident, and whether […]

5 Rules Every Landlord Should Live By

landlord insurance in Chesterfield Missouri | Thomas Insurance Advisors

I’m pretty confident that if you asked anyone who has ever owned a rental property you would get an overwhelming response that it’s not as lucrative or easy as they thought it would be. In fact, owning a rental property can be a major pain, and end up costing you a ton of money! I […]

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