 The holiday season is filled with fun, parties, food, gifts, overeating, and, unfortunately, some risk. One of the fasted growing risks for many people is stolen packages by porch pirates. More than 25 million Americans have their packages stolen right from their doorsteps by porch pirates each year, don't be one of them.
Your homeowners or renter’s insurance generally may not cover this loss as it tends to be under your deductible. There could be covered if you have personal property off-premises insurance. Call our office for a review of your homeowner’s insurance, as each policy is unique to your circumstances. Things To Do
 The life sciences industry is intricate and dynamic. Life science companies have unique coverage challenges due to exposures such as research and development costs, clinical trials, and a litigious environment.
We are familiar with the unique coverage requirements of the life science industry. We offer insurance programs designed specifically for businesses in all phases of medical technology research, development, and manufacturing. Instead of providing you with a single option, we work with a number of partners so that we can source the best options for your risk profile and budget. We provide coverage for medical devices and biotechnology throughout the entire product life cycle, from early-stage research and development to clinical trials and beyond.
Strive Insurance Group, Inc. (formerly Gordon Lund Insurance Agency, Inc) is an independent insurance agency representing many insurance companies. This means that we quote with many different insurance companies to obtain the best rate and coverage for your insurance. We do this at no additional fee or service charge to you. Our insurance agency's reputation for representing the best insurance companies, providing excellent customer service and competitive pricing to our clients has been earned and proven for over 30 years. We take great pride in finding you the best coverage and backing it up with prompt personal service. 11/15/2022 Business Insurance Myths Business insurance is crucial in the current economic climate. In case we get sick or hurt, we have health insurance. We have auto insurance to protect us in case of a collision and allow us to drive legally. There is no exception for businesses. The proper types of company insurance coverage are necessary if you operate a business in order to safeguard it. Common misconceptions about company insurance are dispelled as follows:
Only Large Businesses Are Sued Even in our litigious culture, many people are aware that going after a big business in court is frequently a bad idea. They have the financial wherewithal to wait out a plaintiff, tying up the matter in court as their in-house attorney refuses to move. Forty percent of all small firms, according to the Small Business Administration (SBA), are thought to be involved in litigation every year. Therefore, it is highly possible that you will have faced legal action by the time you have been in operation for three years. Insurance Is Not Necessary For Small Businesses Simply said, this claim is untrue. In this litigious environment, any size of company can be sued. Every year, numerous small firms get into legal disputes. The size of your business property, the number of employees you have, or even your revenue are not factors in business insurance. It needs to be based on the risk exposure that your company faces. The correct insurance coverage can assist in protecting your business from catastrophe, regardless of the risk, which may include fire, theft, liability for injuries, or a lawsuit based on a service or product your firm delivered. My Home-Based Business Is Covered By Homeowners Insurance It's crucial to understand that your homes insurance won't offer enough protection for your home-based business if you're self-employed and operate from home. According to the Insurance Information Institute, the median homeowner’s policy only covers business equipment up to $2,500. (III). This might not be sufficient to cover all of your commercial property. Additionally, a homeowner’s policy won't offer liability or lost income coverage, which you could require. Your alternatives for home-based business insurance can include: BOP: This sort of insurance is intended for small to medium-sized businesses. If your home-based business has multiple locations, it is a wise decision. On a far larger scale than an in-home business policy, a typical BOP will cover business property and equipment, liabilities, lost income, and other expenses. The Cost of Business Insurance Is Expensive Although it is not free, business insurance is required to run a business. Cutting costs in a way that puts your company in danger is not a cost-effective strategy. Every day, several small businesses are sued for various reasons. Your company's size, location, and the kinds of services or goods you offer will all affect how much your business insurance will cost. Strive Insurance Group, Inc. (formerly Gordon Lund Insurance Agency, Inc) is an independent insurance agency representing many insurance companies. This means that we quote with many different insurance companies to obtain the best rate and coverage for your insurance. We do this at no additional fee or service charge to you. Our insurance agency's reputation for representing the best insurance companies, providing excellent customer service and competitive pricing to our clients has been earned and proven for over 30 years. We take great pride in finding you the best coverage and backing it up with prompt personal service. Call our team for a free review.  Everyone needs some level of personal insurance. Most purchase auto insurance, homeowners or renters insurance, life insurance, and maybe personal umbrella coverage. There are some many choices that at times you may wonder which is best for you and your family. We put together a list of questions you might think about as you consider your personal insurance. We always recommend you review your personal insurance annually to make sure it is still meeting your needs.
Do Agents Offer Something Different? We would answer that as a yes because, agents have access to different kinds of insurance companies, they offer you a choice and work to provide the best possible combination of coverage price and service. Agents are a small business whose goal is to look out after their clients. If I Rent, Do I Still Need Insurance? Renters should purchase renters insurance to protect their personal property like; furniture, guns, electronics, and clothes. Your apartment owner may also require liability coverage, which can be included in renters insurance. Renters insurance is very affordable and can be an effective way to make sure you are covered in the event of a loss. Does The Type Of Vehicle Affect My Auto Premiums? Yes. The make and model of the car you drive play a factor in your car insurance rates. The cost of your vehicle also makes a big difference; the more it costs to repair or replace your vehicle, the more you will pay to insure it. Are There Auto Insurance Discounts? Many insurance carriers offer lower rates to good students, military personnel and people with excellent credit. Ask your agent what discounts are available. Will a Parking Ticket Affect My Auto Insurance Premiums? Not usually. You can generally have one ticket on your history without it adversely affecting your premium. When Should I Consider Life Insurance? Life insurance is something you might consider when you get married or start having children. Some employers offer a small amount of life insurance, but these plans generally are not enough. Life insurance can provide peace of mind to loved ones in the event of an untimely death of a breadwinner. Life insurance proceeds can be used to fund college, pay for outstanding bills, to supplement lost income for a period of time. Life insurance premiums are at all time lows so it can be a very cost effective financial planning tool. Is A Personal umbrella Policy important? Most of us engage in daily activities that put us in danger. Your danger of being sued simply increases if you own a car or an automobile. Many Americans only purchase vehicle liability insurance for $300,000 and homeowners’ liability insurance for no more than $300,000. A personal umbrella policy can give you an extra $1 million in liability protection. I Am Remolding My Home, Do I Need To Adjust My Insurance? If your insurance is written on a replacement cost basis, there may be no need to make adjustments, but we always recommend you contact your agent to review this question. The answer depends on the kind of work you are doing. For example, if you are replacing your carpet with a similar product, you may not need to make any changes in your policy. But if you are adding a 500-foot addition on to your home, then this would definitely require adjustments in the value of your home. For example, say your insurance valuation is based on a kitchen with laminate countertops and generic cabinets. But then you spend $60,000 on granite countertops, custom cabinets, and top-of-the-line appliances. Would your existing coverage be sufficient to rebuild your remodeled kitchen after a loss? Most likely, you would have an issue. Before you enter into any renovation project, contact your agent, and they can help you identify which areas may require insurance updates. I Have A Home Based Business, Should I Get Additional Insurance? Homeowners or renters insurance policies do not cover any business risks. If you run a business out of your home, we recommend you purchase a business insurance policy. If you have customers in your home for business purposes, your home insurance does not provide any coverage. Depending on the type of business, coverage may be added to your existing homeowner’s policy through a rider or endorsement. I Just Bought A Personal Watercraft, Is That Covered? Unlike small boats, personal watercraft are not generally covered by your homeowners This would include; bodily injury to you that is caused by an uninsured watercraft operator. The legal costs if you're sued due to an accident. And any damage to the personal watercraft you own. Strive Insurance Group, Inc. (formerly Gordon Lund Insurance Agency, Inc) is an independent insurance agency representing many insurance companies. This means that we quote with many different insurance companies to obtain the best rate and coverage for your insurance. We do this at no additional fee or service charge to you. Our insurance agency's reputation for representing the best insurance companies, providing excellent customer service and competitive pricing to our clients has been earned and proven for over 30 years. We take great pride in finding you the best coverage and backing it up with prompt personal service.  What are multi-policy discounts?
Everyone who owns an automobile and home has the opportunity to save money. Insurance companies will offer you discounts if you place your home and auto insurance with them, because insurance companies want your business. These discounts may also apply to your motorcycle, boat, RV and even your personal umbrella policy. Multi-policy advantages There are advantages to have all your personal insurance through one insurance company. These advantages include premium savings, saving you time, a better way to manage your insurance and having just one agent to oversee your insurance program. Multi-policy discounts will vary depending on the insurance company. Usually we see discounts ranging from 5% up to 20%. Bundling your insurance can offer the convenience of a single bill and easier claims handling when you need it. Things to remember about multi-policy discounts
10/5/2022 Do Newlyweds Need Insurance? What Kind Of Insurance Should Newlyweds Have?
Congratulations! You have decided to share your life with that special person. Your honeymoon is over and you are settling into your new life together. Now is the time to start thinking about how to protect that life, especially as you start to make pans for the future. Personal insurance protection is a good way to help make sure your dreams come true. Personal Insurance Considerations for Young Married Couples
 Most Homeowners insurance companies will send out a reminder for a renewal of your home insurance policy when the end of the year is up for your insurance coverage. Many will also automatically renew your policy unless you call and let them know that you want to change or cancel that policy. This makes it easy for many homeowners to begin sending in the next set of payments for another year without reviewing the policy to make sure it adequately reflects their needs for the year.
Whether you have upgraded or remodeled the home, added a deck onto the back, turned the home into a rental property or realized that you might have problems with flooding in your area, there are several reasons to review your home insurance policy every year to assess whether the coverage still meets your needs. Even if you have just bought a home insurance coverage policy, it is essential to review the policy as soon as you receive it to make sure the coverage has the correct limits amounts and coverage needs you have asked for. Remember that this policy will be in place for an entire year and will most likely cost between $300-$2000 so be sure that you are getting what you want. If you asked for personal liability of others in the amount of $100,000 and the policy only shows $50,000 don't be afraid to call the insurance agent back to have this problem corrected. The problem can simply be solved by issuing a new policy or a policy change. Once the year time period has expired on your current policy and you are getting ready to renew again, it is always a safe bet to call the insurance agent and ask if the replacement cost value has gone up on your home or on anything in your home. Remember that the financial market continues to increase, and with these rates of building and replacement tools will go up, so there is no shame in calling to ask if the figures on your policy need to be changed. If you have done any renovation of the home in the last year, such as replacing countertops or flooring or even added on a deck, it is important to inform the insurance company of these changes. This protects you from being underinsured in case of damage or loss. If you have acquired any major purchases of personal property, it is also important to contact the insurance company about changing the coverage amount on your interior belongings. This could include major electronics equipment like a television, a personal computer or laptop, an expensive piece of jewelry or fur coat, or even new furniture or a new piece of artwork. It is also important to review your insurance coverage policy every year to determine if you have adequate coverage and liability insurance. Although some basic policies cover certain types of natural disasters and others cover personal liability, you may want to consider adding on specific insurance clauses for flooding, earthquakes, or wind if you live in a high-risk area. There are many things that might cause injury to third parties. This could include injury to construction workers who are remodeling a kitchen or bathroom or even a babysitter or housekeeper. You will also want to change your policy if your children are starting to get older and invite over friends to play in the yard or to spend the night. Personal liability insurance will cover any accidents that happen while others are in your home. One final reason to review your insurance policy each year is to assess discounts or possible price quote deductions that you may be able to receive. When you purchased the home, it may not have had a security system installed, fire sprinklers, or been equipped with up to date smoke and carbon monoxide detectors.  Business Insurance Renewal
Your business insurance is an important part of your risk management program. It is important to have the right insurance coverage, competitive pricing and the right insurer. We have found at least five factors that are important to manage when renewing your business insurance program. Business Insurance A business insurance program can include commercial property, auto, commercial liability, employment liability, workers’ compensation, professional liability and excess liability. Insurance Renewal Tips
9/7/2022 Artisan Contractors Insurance Artisan Contractors Need The Right Kind of Insurance
Construction projects depend on the special talent and skills of artisan contractors. Artisan contractors are part of our thriving economy. For many artisan contractors, the most cost effective and efficient way to obtain property and liability coverage is with a Business owners Policy (BOP) especially tailored to their needs. Although marketed under a variety of names, these policies will typically have provisions similar to the BOP. In addition, a contractor will need workers’ compensation insurance. What is Workers’ Compensation? Workers' compensation insurance is insurance that provides lost income, medical benefits, disability benefits, and rehabilitative services for workers injured on the job or while performing work-related duties. Who Are These Artisan Contractors? Artisan contractors are usually small companies that offer specialty skills made up of one or more of the following:
What Are The Risks Associated With Artisan Contractors? Artisan contractors have many different risks that can be covered by commercial insurance:
 A Business Insurance Update
If you think about it, your business faces risks every day. When you open your doors, you have the risk of having sick or injured employees, customer complainants, and vendors who fail to deliver on their promises. The world has changed in the past few years and it is important for business owners to make sure their business insurance keeps up. Recently a large insurer released their annual business risk index. This index identified the top concerns of over 1,000 business owners. Nearly half of survey respondents believe that the business world is growing riskier, yet just 24 percent said that risk management was a strategic priority for them. According to the survey, the top seven worries of today's business owners across all industries are:
Let our agency help you understand how to manage and treat the risks. We offer a wide range of highly rated insurers that can offer the necessary products to help you manage you risks. Strive Insurance Group, Inc. is a full-service independent insurance agency that has been serving the insurance needs of the Dallas area since 1984. In addition to having a presence in the Dallas and North Texas area, we have also expanded to Austin and Central Texas with agent representation and the same professional service. |
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