Archive for December, 2011
Happy New Year 2012
Saturday, December 31, 2011 posted by admin 5:46 PM
Well it has come time to say goodbye to 2011 and welcome in 2012. From all of us @ Monument Commercial Insurance Agency to You and Yours we wish you a safe and enjoyable New Year.
We thank you for the opportunity to be of service during 2011 and look forward to working with everyone in the new year to come.
Dean Markham, President / CEO
Monument Commercial Insurance Agency
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Allstate Cuts Agents Commissions…
Tuesday, December 27, 2011 posted by admin 9:35 PM
Allstate anounced that is will cut agent commissions (read the entire article at Insurance Journal). The article states commissions will be cut starting 2013 for one year with no explanation for what to expect in 2014. Will they receive their commisisons back? Will they loose yet again, more commissions? If the economy doesn’t have drastic changes the chance of getting higher commissions again seems slim and an even better chance that there could be further reductions.
This is an even better time to be an independent agent. Monument Commercial Insuranc Agency is currently looking to expand in select states. If you would like more information regarding career opportunities with a fast paced, up and coming agency please visit: http://www.mcisinc.us/careers/index.html
What is Commercial Insurance – A brief overview
Tuesday, December 27, 2011 posted by admin 4:40 PM
What Is Commercial Insurance? If you want to know what commercial insurance really is, this is the article you need to read now. There are many types of commercial business insurances out there that you can take advantage of. If you are thinking about insuring storefronts and factories when you hear of industrial business insurances, please think it twice. But you can insure just about anything you can think of.
Today we just hear that some actresses and professional athletes have insurances for their legs for millions of bucks in case of an injury. If you have a need, it can be written into a policy most of the time. In the next lines we will talk about what industrial insurance really is and more. You will read about the types of commercial business insurance that you can find in the market and many details about them. If you are a business owner, you need some kind of insurance simply because your business partners will see it as a sign of solvency. If you are looking for shieldion, then a industrial business insurance is what you need.
Below you fill find a list of the most well-liked types of industrial business insurances in the market today. You need to get one or more of these types of commercial business insurances if you want your business to run efficiently and smoothly. You need to take part of the disability, compensations and unemployment insurance programs of your staff if you are a business owner. You do not need to have a business insurance if you are the only employee of your firm. But you need to get a industrial business insurance simply because you might lose everything you have in case of the unthinkable takes place. You should have some kind of insurance policy in place, but first you should ask your individual State for the requirement your business needs to meet.
Now this is the list of the industrial business insurances you can find out there:
1. Casualty or property. These types of insurance policies need close attention since they might be lumped into general liability insurance many times. Most of the time, a business interruption insurance or criminal offense, fire or flooding insurance is required separately with a property insurance.
2. General Liability. With this type of coverage you will get shieldion from negligence claims, property harm, accidents and injuries. It will also safeguard your company against slander of your reputation.
3. disability and Life. You need key worker insurance coverage as well as the general disability and life insurance program. If a more mature employee is dead or disable you will be safeguarded.
4. Product Liability. If an employee is injured by one of your products or it causes harm to a building, you will get the includeage you need.
5. Home Business. Your home insurance coverage will not cowl the damages causes to your home business by a fire or an incident. These types of insurance policies will pay out very Tiny in case the unthinkable transpires to your home business.
6. Business Auto. These types of policies will cowl the vehicles used by your firm in case something happens to the vehicle or worker.
7. Internet Business. security is the main problem of any Internet business. Hackers are here to stay and you should be defended against any hacking into your website.
8. Business Interruption. This type of includeage will pay out in case your business is shut down by an incident. This will prove to a loss in terms of time and money for you.
9. Specialty insurance. Not For Profits and professionals can get coverage for malpractice suits or errors on taxes if they take advantage of this type of coverage.
You also need to talk to the insurance coverage agents and let them know what you need. If you shop around and Evaluate different quotes from diverse companies, you will have a greater advantage and get better rates.
Merry Christmas and Happy New Year 2012
Sunday, December 25, 2011 posted by admin 6:48 PM
From all of us @ Monument Commercial Insurance Agency to all of You and Yours, We wish you a safe and enjoyable Holiday.
Auto insurance and College Students
Saturday, December 24, 2011 posted by admin 8:28 PM
Taking your automobile to school.
Driving is nothing new to an individual as you go away to school, but how you pay for auto insurance might be. During high school, chances are you had been covered under your parents’ auto insurance policy, and in case you drive a car owned by them at college, you most likely will still be covered under their policy. However , if you own your own car or truck, you’ll need an individual auto insurance policy.
Auto insurance can cover these areas:
• Liability: for
accidental injuries caused to other motorists as well as destruction of their property when you hit them.• Uninsured Motorists (UM): for treatment of your injuries from being
hit by an uninsured motorist or perhaps in a hit-and-run accident.• Underinsured Motorists (UIM): for treatment of your injuries
any time a driver causing an accident possesses lower bodily injury liability limits than your UIM limits. Insurers are required to inform you of the availability of this protection, although purchasing it is optional.• Medical Payments:
for treatment of bodily injury you or your passengers endure in an accident. It usually handles only medical costs not covered by health insurance, for instance copayments and deductibles. Companies have to present you with this particular coverage but you do not have to purchase it. Some states (research your state before purchasing) require that you must carry at least: $25,000 for the injury or death of 1 person, $50,000 for the injury or death of two or more people and $10,000 for property damage. A few state laws additionally requires uninsured motorist coverage of $25,000/$50,000 for bodily injury only. Drivers make choices about what forms of coverage they’ll obtain. Liability claims can easily surpass the minimum dollar amount required by the law. Higher limits are available. Inquire with your agent for additional information in regards to the expense of greater limits. Some other coverages to think about:• Collision: covers damage to your automobile caused in an accident, including if the accident was your fault.
• Comprehensive: covers damage from alternative causes including theft, vandalism, fire, falling
objects or animals. Drivers of older, less valuable automobiles decide to lower premium costs by just
carrying liability coverage. There are various elements that go into determining how much auto insurance costs including the following:
• Your driving history. Insurance companies may possibly charge an extra fee, a surcharge, should you be
involved with a chargeable accident or were ticketed for any serious traffic violation.
• Your sex. Young, single male motorists typically pay more than any other group.
• Your age. Young motorists are usually considered to be a bigger insurance risk compared to older, more
experienced drivers.
• Where you live. Insuring an automobile in bigger cities, where increased traffic as well as crime exist is more
expensive.
• Age and type of automobile. Newer, sportier automobiles are more expensive to insure. The less it costs to repair or
replace your vehicle, the lower the cost of your premium.
There are ways
that you can lower your automobile insurance premium:1.
Ask your agent with regards to discount rates. Several insurance companies provide discounts for good performance in school, often for maintaining a grade of B or better. Taking an approved driver safety class may alsoresult in a price reduction.
2. Increase your deductibles. You can considerably lower your premium by choosing a greater
deductible, which is the amount of money you pay out of pocket prior to insurance kicks in on a
claim.
3. Don’t drive drunk. This almost goes without saying, but a conviction for drunk driving can wreak
havoc on your insurance costs.
Mopeds and Scooters.
Because of restricted parking space and the inconvenience of driving a car toclass, mopeds and scooters have grown to be more prevalent on college campuses. Any insurer that
offers motorcycle coverage most likely offers moped coverage as well. Inquire with your insurance professional for more details regarding moped insurance.