Commercial insurance, also called commercial general business liability, protects company assets and liability items, such as a customer’s medical bills if they’re injured on company property or by you or your employee. It may also cover attorney and settlement costs, if someone sues the company successfully, or if you, as a commercial tenant, cause damage to your landlord’s property, and against claims of libel, slander, false or misleading advertising, and/or copyright infringement. You may need additional coverage if the initial liability coverage amount is low. You can purchase commercial general business liability insurance separately or in a business owner’s policy (BOP) that also includes property insurance which covers damage or loss to real and personal property on business premises.

Two important items not covered by commercial insurance, employee travel, and commercial vehicles, require separate policies. You need auto insurance on each commercial vehicle your company operates. Just like the auto insurance you purchase for your personal vehicle, the level of coverage depends on your choice. Check with your state department of motor vehicles to find out the minimum coverage required, but it’s smart to go beyond that. Obtaining all coverages means carrying liability, collision, comprehensive, personal injury protection, medical payments, uninsured/underinsured motorist and rental reimbursement.

Your company may also need inland marine insurance. It covers both property in transit and other people’s property in your company’s possession – whether in a commercial vehicle, at your place of business, or in the possession of an employee.

Business interruption insurance covers lost income and company expenses resulting from property loss or damage. This applies to your place of business and vehicles.

Every business needs commercial insurance, but it doesn’t cover everything. Talk with THINK Insurance & Financial Services to determine the best coverage for your business.
 

If you own a home-based business, then you know how easy it is to mix your home and business life.  When your home shares office space with your business, it’s next to impossible not to.  Too often, however, business owners assume that they can use their home owner’s insurance policy to cover their business.

In fact, this is one of the most dangerous things you can do.  Many homeowner’s policies specifically exclude inventory and equipment used in a home-based business, and trying to make a claim on these items can invalidate your policy.  That means that in the event of a disaster, your business has no protection.

Similarly, it can invalidate a personal car insurance policy if the insurance company discovers that the car is being used for business purposes.  While one or two business errands is usually acceptable, a car that is primarily used for a business needs to have a separate insurance policy.

Fortunately, it’s possible to cover your home-based business with separate insurance that won’t break the bank.  These policies are written so that they are tailored to each business that they cover.  That means you won’t pay for coverage that you don’t need.  An insurance agent will review your business and identify needs that you have, such as insurance for a loss of inventory or a policy that can provide funds to make up for the loss of income after a disaster.

When you decide it’s time to buy a commercial insurance policy, call the agents at THINK Insurance & Financial Services.  They can help you find a policy that will protect your growing business while not breaking your budget.

It’s easy to be confused when it comes to life insurance. There are different types of policies, and those policies come in different amounts, making the whole process of selecting the best life insurance policy trickier. At THINK Insurance & Financial Services, we want to help you understand how to choose the amount of life insurance you need for your family.

Assess Your Financial Situation

The first step in purchasing life insurance is to determine what your current financial situation is for your family. You should take a look at your long-term goals, and your savings account to determine what assets you have that can be used towards your expenses, such as paying off your mortgage and funding your children’s college fund.

Determine Your Financial Gap

After you have an idea of where you are, you need to determine where you want your family to be financially if you were no longer in the picture. Do you want them to have a nest egg of $100,000? Would you like for your mortgage to be paid in addition to the nest egg of $100,000? You can determine you can determine your financial gap by subtracting where you are currently (a monetary figure) from where you want your family to be if you are no longer able to provide for them (a monetary figure).

Talk to Our Local Insurance Agents

Once you’ve determined the gap in your finances, it’s time to speak with a licensed insurance agent. One of our agents will take a thorough look at your calculations, discuss a few options with you, and present an insurance strategy for you. The strategy will take into consideration things like how much you make each year and your life expectancy.

When you are ready to review the options you have available for life insurance, start at our website. On our site, you will find information that can help you begin the process of purchasing the life insurance product that is right for you

Life insurance is important, because it protects your family’s finances in the event of your death. Especially for those who are the main breadwinner in their household, having life insurance can mean a much higher level of peace of mind. It can also help them focus on enjoying the time with their family and friends instead of worrying about money and the future. Having life insurance in Pomona, CA is not just about getting a policy, though. It is also about whether that policy is still the right one for you and your changing needs.

Over time a life insurance policy may need to be upgraded, so you can continue to properly protect your growing family, provide for additional loved ones, or keep up with inflation and other concerns. Doing that can mean a big sense of relief. When you are not sure about your policy and what changes it might need, working with your agent can help. That will give you perspective on what you really need to provide the right level of protection, and may also help with future decisions based on finances and risk. With the right agent, your life insurance policy will be everything you and your family need it to be.

By working with THINK Insurance & Financial Services, you will have the chance to talk with a knowledgeable Pomona, CA life insurance agent who can help you based on your individual situation. Whether you are thinking about getting a life insurance policy for the first time or you just want to see if the policy you have should be changed or upgraded in any way, working with a company you can trust matters. You will feel better about the policy you have, and your family will know they are protected financially if something should happen to you.

Renter’s Insurance is a type of insurance policy that protects the valuables that you own and it isn’t too expensive.  You can get renter’s insurance for your belongings and maybe lower your stress level a bit in the process.  If you have a vehicle that is already covered, many carriers can bundle your policies and even give you a better price at the same time.

Yes, you do need renter’s insurance because even though your landlord might have an insurance policy on the property, it won’t cover your belongings.  You need to be the one to pony up and protect your own stuff.

Depending on the carrier, renter’s insurance can cover personal property such as bikes, electronics, furniture and even computers.  It might also be able to cover losses that are caused by things like the weather – snow, sleet, weight of ice, lightning, hail, wind, storms and fire as well as non – weather things such as vehicles, aircraft, riots, vandalism and theft.  Make sure that you go over these things with your carrier though to be sure what is and isn’t covered.

While renter’s insurance is a great thing to have, it won’t cover everything.  Harm to people or property that was intentional may not be covered.  Professional services might not be covered either. 

This type of insurance is truly affordable and allows you to cover thousands of dollars’ worth of property for around a dollar a day.  You can save even more too when you bundle the coverage with your car insurance most of the time.

If you are in the Pamona, CA area, call or stop by THINK Insurance & Financial Services today.  We have friendly and knowledgeable staff waiting to help you find answers to your questions and make sure that you have the coverage you need.

There are several occasions when it is important to re-evaluate your current insurance policy to make sure it covers your needs. A few of the most common instances where an upgrade is recommended include the following:

• Adding a room to a home
• Renovating a home and upgrading the wiring, furnace or other major components
• Downsizing from a large home to a smaller one when the children head off to college

There are also instances that call for an entirely new policy. These include:

• Moving from a rental into a home you have purchased
• Buying a brand new car
• Purchasing a motor home, boat or other type of recreational craft

Whether you are upgrading a policy or purchasing a new one, you need to ask certain questions so that you make sure you have the coverage you need. When you talk to your agent, they can evaluate the value of your property and what has changed since the first policy was written. They can also help you determine how much you coverage you will need to recover from a loss.

The agents at THINK Insurance & Financial Services serve Pomona, California and many of the surrounding communities. Whether you are looking to update an existing home or auto policy or are looking to find a new policy, the agents at THINK have the knowledge and expertise to help you evaluate your needs and find the right policy to suit your needs. Renters who are buying their first home or buying your first new car can leave you looking for better coverage. Talking to a local insurance agent will give you the answers you need to make an informed decision.