Monthly Archives: June 2015

Protecting Your Assets with Business Insurance

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If you have a business or are considering opening a business in Green Valley, AZ, making sure you have appropriate business insurance is critical in protecting your assets. The type of business you operate can impact the type of coverage you may need. Here is a look at some business insurance types.

Commercial General Liability Insurance
CGL typically covers a business from the three types of lawsuit damages most awarded from business activity including compensatory damages, nonmonetary losses suffered by the injured person, and punitive damages.

Product Liability Insurance
Designed for manufacturers and distributors of physical products, this type of insurance can provide coverage from damages as the result from using the products.

Professional Liability
Sometimes called errors and omissions insurance, this product generally protects professionals from malpractice claims.

Employment Practices Liability Insurance
This can cover management and board members from suits related to employment and hiring practices.

Pollution and Environmental Liability Insurance
This can be important for companies that are involved in auto repair, have automotive fleets or are involved in manufacturing. It may cover the cost of clean ups in an environmental spill and any resulting lawsuits.

The Insurance Center of Green Valley serves the personal and business needs of the Green Valley community. We are an independent insurance agency that is not restricted to just offering the products of one company. This gives us the ability to compare rates and coverage from multiple providers, finding the best business and personal coverage at affordable rates.

Visit our website and request an online quote for your homeowners insurance. Answer a few questions and our agents will go to work to find you the best quotes. If you are in search of business insurance, please contact us. We will discuss your business and where you may be at risk. We can then find you coverage you can afford. We look forward to serving you!

 

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Homeowners: Reduce Your Premiums by Increasing Your Deductibles

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For homeowners, there’s an easy way to lower homeowners insurance premiums that you can use whether you live in Green Valley, Arizona or Boston, Massachusetts: increase your deductibles. If you’re a homeowner, you might be able to save a lot of money on your premiums by increasing your policy’s deductibles.

In most cases, deductibles and premiums have an inverse relationship. As one is increased, the other is decreased. In many cases the difference is significant between premiums when a deductible is raised is significant. Increasing your deductible to $1,000 could lower your premiums by up to 25 percent.

Of course, the exact savings will differ depending on the insurer, specific policy, and initial deductible. Someone who raised their deductible from $100 to $1,000 will probably save more than a person who increased it from $500 to $1,000 (assuming all other factors are equal).

If you’d like to see how much you might save by increasing your homeowner’s deductibles, call us at the Insurance Center of Green Valley. We’re an independent agency, so we can explore how different insurance companies might react to a higher deductible. Often, some insurers give greater discounts than others. We’ll make sure you end up with the insurer that will give you the biggest break for adjusting your deductibles. We are also happy to answer any questions about how this strategy impacts your coverage.

We’ve helped many homeowners in Arizona find policies that provide the coverage they want at the lowest possible prices. Call us today so we can help you too.

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