How commercial insurance can protect your small business

When you are a small business owner you have lots of things to think and worry about. The purpose of commercial insurance is to ease your mind and your worries. Commercial insurance is not just for big business, it has a lot to offer to small businesses and at Stanley Insurance Group we offer small business owners in Hilliard, OH, and the surrounding area the opportunity to protect their business and their investment.

Commercial insurance is not just one policy, it is a whole series of individual pieces that can be put together to cover whatever particular needs your small business has. You are not required to buy a bunch of coverage that you don’t need, you can pick and choose. Which parts you need is dependent on the type of business that you have, the number of employees, where you do business and many other things. A knowledgeable insurance agent can make all the difference when it comes to making this important decision. 

In Ohio, even an employer with only one employee is required to carry worker’s compensation insurance. There are two options available, purchasing it through the state or self-insuring. This is something that should be discussed with your financial professional. 

The other required coverage is commercial auto insurance if you are using a vehicle for business. Most regular auto insurance policies don’t allow the vehicle to be used for business purposes so you need to discuss this with an insurance agent who can make sure you are covered. 

Business liability is an insurance that while not one size fits all is one that every business needs. So many things can go wrong, someone can get injured while visiting your business or by your product.  A business owner’s policy can bundle this together with property insurance to protect your location, inventory and much more.

These are just a few of the ways that commercial insurance can protect your small business. At the Stanley Insurance Group of Hilliard, OH we are ready to welcome your call or your visit to discuss the ways we can help you protect your small business.

Why should I get Ohio auto insurance?

For people in the Hilliard, OH area, driving a car daily is a necessity in many situations. If you are going to purchase a vehicle in this area, you will want to make sure that you are correctly protecting both yourself and your vehicle. One of the best ways to do this is by getting an auto insurance policy. There are several reasons why someone should get auto insurance when they are in Ohio.

Ensures Legal Compliance

One important reason why you should get auto insurance in Ohio is that it will ensure that you comply with the law. Similar to many other areas of the country, people that own a car in Ohio are going to be required by law to carry auto insurance. If you do not have this, you could face financial penalties and may even lose your right to drive a car.

Protects Your Vehicle

Buying a car is a huge purchase, and the last thing that you will want to do is risk this investment. When you get auto insurance, you will be protecting your vehicle. A full auto insurance policy with collision and comprehensive insurance will give you coverage for many different situations that could result in a loss for you or your vehicle. 

Choosing the right auto insurance policy is very important, and the team at Stanley Insurance Group can help you to pick the right one. When you are looking for insurance in the Columbus or Hilliard, OH area, Stanley Insurance Group will review your personal situation to see what type and level of coverage that you need. From there, the team will help you find a good policy that gives the right coverage for you and your vehicle.

What coverage does commercial insurance offer a small business

When you are a small business owner, you have many things that can cause you worry. One of them should not be commercial insurance. The Stanley Insurance Group in Hilliard, OH has the knowledge that you need to decide how commercial insurance can be a benefit to your small business. In Ohio, if you have more than one employee, you are required to carry workers’ compensation insurance and if you have company vehicles, you must have commercial auto insurance. 

Workers’ compensation

Workers’ compensation insurance protects the people who work for your small business.  In the event they are injured during the performance of their job, it covers medical expenses as well as lost time. 

Commercial Property Insurance

Whether you own the building where your business is located or are just a renter, you need to protect the valuable assets that you have. You can’t do business without the equipment that makes your business possible. Commercial property insurance covers your inventory which allows you to keep your customers happy. It protects you from things like fire, theft, and vandalism as well as some weather events.  

General Liability Insurance

Anyone who does business is vulnerable to being sued by someone who is injured while visiting your business or by a product that you sell. The amount of insurance that you need will be determined by the amount of risk. 

Business Income Insurance

If your business is damaged due to a covered event, this insurance will provide the money you need to continue to keep pay any bills that come due as well as providing the normal profit you could expect. 

If you are a small business owner in Ohio, the Stanley Insurance Group can help you to put together a commercial insurance policy that makes sense for your particular business. Why not give our office in Hilliard, OH a call or stop by for a no-obligation quote.  

 

Pros and Cons of an Umbrella Insurance Policy

At Stanley Insurance Group, many of our new and existing clients have inquired about umbrella insurance policies that are available in Hilliard, OH, and the surrounding area. When you work hard and build wealth, you shouldn’t have to worry about starting over because of a lawsuit that your home or auto policy doesn’t cover. It’s vital that you have protection against an incident that could take away your wealth and cause financial strain.

If you think that you may need an umbrella insurance policy, here is a list of the pros and cons of obtaining a policy.

The Pros of an Umbrella Insurance Policy

What exactly does umbrella insurance cover? Not only does it protect you from expensive lawsuits and claims that your insurance premium can’t fully cover, but it also protects from the following specific things.

  • court costs
  • property damage
  • reputation damage
  • bodily injury

Cons of Umbrella Insurance Coverage

In reality, there aren’t many bad things about having an umbrella insurance policy, especially if you have accumulated any assets. However, here are some things to consider that an umbrella insurance policy may not cover.

  • criminal acts – this refers to any crimes that you or a household member has committed
  • flood damage
  • personal property
  • contracted work injuries

Next Steps in Getting Your Umbrella Insurance Policy

If you are purchasing an umbrella insurance policy, you will need a homeowner’s policy and an auto insurance policy in order to add it to an existing policy. Getting a stand-alone umbrella insurance policy is very unusual. When you work with Stanley Insurance Group in Hilliard, OH, we can help guide you through the process of obtaining a policy and making a claim. Our blog has a lot of useful information, or give us a call at 614-876-1224.

 

3 Reasons You Need Condo Insurance

For most people, buying a condo is a dream come true. Protecting that condo is just as important. Condo insurance from Stanley Insurance Group in Hilliard, OH can help you protect your investment so you can enjoy it to the fullest. Here’s why you need condo insurance to protect your property.

Master Insurance  Doesn’t Cover Your Individual Unit

Your condo’s master insurance policy is designed to protect the building and common grounds, not your individual unit. If your unit were to suffer storm or fire damage, you would be responsible for interior repairs. Condo dwelling insurance can protect you against such perils as fire, storms, hail, lightning strikes, theft, and vandalism.

Protects Personal Property

Condo property insurance protects your personal property, ranging from furniture and appliances to clothing, jewelry, artwork, and electronics. If you own costly goods, you may want to consider replacement coverage. It covers the cost of replacing your valuables if they’re destroyed in a disaster or stolen. Replacement coverage may cost you a bit more, but not as much as having to replace your goods on your own without proper coverage. You can’t predict when a catastrophe will strike your home, but you can be prepared by getting adequate insurance coverage.

Liability Protection

Condo living is conducive to having friends over for fun and activities. With liability coverage, you don’t have to worry about accidental injuries that may occur during a festive occasion or sleepover. Liability insurance would cover the cost of medical expenses if a visitor were to have an accident while on your property.  It also protects you against lawsuits should someone want to sue you for damages.

To learn more about condo insurance options and costs, call or visit your Stanley Insurance Group agent in Hilliard, OH today.

Do You Have to Name Only One Beneficiary?

Life insurance is a wonderful thing that can truly make a difference if he lives of those that you leave behind after passing. A beneficiary serves as a person that gets the insurance payout after the policy is cashed in. When naming a beneficiary, it is important to think carefully. For those that are near the Hilliard, OH area, the agents with Stanley Insurance Group can help you to find the policy that is going to work best for you.

When naming a beneficiary you can name anyone really. You can also name more than one person and you can determine how much of the policy they are going to get as well. This means that if you have children that are over the age of 18, for instance, you can leave a portion of your coverage to your kids and the rest to your spouse. This s a fantastic feature that makes it possible to make sure that the money from your policy is divided up as you want it to be. If you want to leave your insurance money to more than one person you may need an agent to help you get the paperwork filled out and to get the right items filled out so that the policy can be paid out.

You may also name more than one beneficiary in terms of the order of payout as well. Say you want to leave the money to our spouse, they would be the primary beneficiary. You could also name a secondary and tertiary beneficiary that would get the money should something happen to the people that are in line before them. This is a fail-safe to make sure that the policy that you paid for is able to pay out to someone. For those in the Hilliard, OH area, the agents with Stanley Insurance Group can help you get the policy that works for you.

How a Hilliard, OH Resident Can Protect Themselves with Auto Insurance

When you are looking to buy a car in the Hilliard, OH area, there are many important factors to take into consideration. One important factor to consider is your auto insurance needs. While it may be one of the last things that someone is thinking about when they buy a new car, auto insurance can help to protect someone a variety of different ways.

Covers for Liability

Whenever you take a car out on the road, there is a chance you would be found liable for an accident. If you happen to get into an accident are found to be at fault, you will be responsible for all costs incurred by the other party. Due to this, you need to have a full liability insurance policy in place at all times. Further, this type of coverage is required by law whenever you are behind the wheel in Ohio.

Protects Your Asset

A car owner in Hilliard will also need to make sure that their important asset is covered by insurance. Buying a car is a big investment. It is important that you make sure that it is properly covered by insurance at all times. Your auto insurance policy will be able to provide you with the protection that you need in these situations if you get a full collision and comprehensive policy. 

If you have a car in the Hilliard, OH area, the team at the Stanley Insurance Group can help you to find a policy that works for your situation. The Stanley Insurance Group knows all about the different needs that someone has when it comes to auto insurance. They can then work with you to put together the right type of auto insurance policy that will provide you with the right type of insurance protection.  

3 Tips for Buying Commercial Insurance in Hilliard, OH

If you own a business in Hilliard, OH, then it’s important to protect your business with the right commercial insurance. From liability to lawsuits and everything in between, the agents at Stanley Insurance Group will help you find the best insurance for your particular business. Read on to learn about three tips to follow to save money in the process.

1. Bundle Your Insurance Policies

Chances are you already have one or more insurance policies. Whether you have auto insurance, home insurance, life insurance, or any other type of insurance policy, you can bundle them under one insurance company to save money on your premiums. Insurance companies love to reward loyalty with discounts so be sure to keep this in mind.

2. Compare Quotes

When shopping for commercial insurance, it’s important to compare several quotes before making a decision. Read the fine detail and compare what you get for the price you are going to pay.

3. Work with a Reputable Agent

You’ll want to be sure you work with an experienced agent when purchasing commercial insurance in Hilliard, OH. The agents at Stanley Insurance Group have the quality reputation you’re looking for. Don’t try to buy such an important policy on your own. Instead, take advantage of the knowledge provided by a reputable insurance agent.

To learn more about purchasing commercial insurance for your new or growing business, contact the Stanley Insurance Group today. We can be reached at 614-876-1224. One of our friendly agents will take a look at your business to determine its insurance needs and then help you choose a policy by comparing quotes. 

Ways to Keep Your Home Safe during Freezing Temperatures

Freezing Temperatures and your Home Insurance

Freezing temperatures in Columbus, OH can be rough on a house. There are certain things you want to do to protect yourself and prevent having to file a home insurance claim with Stanley Insurance Group.

  • Protect Pipes: Water will expand as it freezes, which is dangerous for pipes in Columbus, OH. Be sure to drain water from outdoor faucets and disconnect any outdoor hoses. Protect pipes that go through unheated areas of the home with insulation.
  • Keep the Garage Closed: This is important if your garage is attached to the home. It can keep cold air out of the home and protect any plumbing that is in the garage, as well as the hot water heater.
  • Check the Heat: Be sure to regularly change out your furnace filter to keep your heat running efficiently. Filters will get dirty quicker if you have pets, and a dirty filter will be less efficient and could be dangerous.
  • Prevent Ice Dams: Clogged gutters are the number one cause of ice dams, so be sure to keep them clean. Preventing ice dams will help make sure that when the snow later melts, it doesn’t leak through your roof or cause water damage. Install a snow and ice slide to prevent snow and ice from bonding to the roof. Add additional insulation to your attic floor and seal places that may allow warm air to leak from the home to the attic.
  • Inspect the Fireplace: A fireplace is a great way to warm up the home during freezing temperatures, but the fireplace needs to be clean, otherwise, soot and debris can catch on fire.
  • Stock Up on Cold Weather Essentials: Freezing temps can sometimes create power outages, so be prepared with generators if necessary. Be sure to remove ice by shoveling or using sand and ice melt to prevent anyone from slipping in your driveway and getting injured.

Contact Stanley Insurance Group to get a quote on home insurance.