 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.  A Texas Workers’ Compensation Update
There are over 4.1 million workplace injuries in the Unites States each year, according to OSHA. Employers spend about $155 billion on work related injuries each year. There is no doubt workers’ compensation is a big expense for employers. The good news is there are many actions an insurance agent can do to help employers reduce workers’ compensation costs.
As an Independent Insurance Agency we represent many insurance companies to fit your businesses dynamic needs. Whether you're a new business or a small business, we can help. Being an Independent Agent means we are not only your agent, but we are your insurance broker as well. We understand every business and industry is unique, so we will work with you to find the best business insurance coverage at the lowest rate. Contact us today for a free quote  Your risks are constantly changing due to quick technology development, developing litigation concerns, a worldwide market, and rising product demand. We can better meet your specific needs thanks to our ground-breaking all-lines solution and expertise in risk engineering and claims.
Because medical technology is advancing so quickly, it is essential to insure your products and equipment against the hazards that they pose. We have been assisting businesses with obtaining distinctive product liability insurance coverage for more than ten years, and we can assist you. You are subject to claims from third parties for bodily harm or damage to their property at any time because of your operations, your rendered operations (services), or your goods. This coverage covers, on your behalf, for the cost of defense and judgments that result from incidents that occur during your business (subject to policy terms and conditions). Medical device product liability insurance is intended to assist your company in covering third-party claims of property damage or physical injury. You could be held accountable if a blood pressure cuff malfunctions and causes harm to someone or if an exam light malfunctions and causes a fire. Insurance for general and product liability insurance should be insured, in addition, we provide coverage for.
7/27/2022 Make Summer Safe Personal Insurance Update
With the summer months approaching, now would be a great time to review your homeowner’s and personal insurance program. There is a large spike in auto accidents during June through August. We offer a free review to assess your insurance needs, and we can recommend needed personal insurance coverage like a personal umbrella, cyber liability, and flood insurance. Summer Risks Are Very Real. Here are a few of the risks your family may face this summer:
 Innovative life sciences enterprises are subject to a variety of hazards, including product recalls, failed clinical trials, and legal action. We can assist you with specialized risk management and life science insurance solutions that reduce loss potential, safeguard your financial health, and enable you to keep working at the forefront of science and technology.
The hazards associated with running a life sciences company are numerous and complex, regardless of whether you are at the early stages of discovery or getting ready to launch a product. Knowing what hazards your biotechnology company is exposed to is the first step in mitigating those risks since knowledge is power. A typical biotechnology company encounters the following difficulties and dangers.
Biotechnology and life science are fascinating fields that are constantly evolving. Because of the risks involved, it is essential that a broker has in-depth knowledge of the relevant fields and the capacity to help businesses navigate the dangers that emerge at each level. Our organization offers risk management and consulting services to life science enterprises, which are essential for their present and future success. 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.  Insurance policies come with separate sub-limits relating to specific kinds of coverage. Some limits are well-known, such as limits on jewelry. Other sub-limits are less obvious but are still included in your insurance policy. You might want to learn about these limits before making a claim and risk losing thousands of dollars. So how does this affect you? Sub-limits primarily impact certain kinds of personal property in your home insurance policy. And it's generally related to unique or special items.
What Are The Common Sub-limits on most Home insurance policies?
For instance, the PAF will cover your belongings wherever they are in the world and might even provide coverage for a diamond that comes loose and falls out of its setting, which is undoubtedly not covered by a standard homeowner's policy. As an independent agent, we offer a choice of multiple insurance companies, coverages, price, and more. Our main focus is to find the insurance coverage that best fits your unique needs and gives you the best options. We know you have a choice when selecting an independent agent and broker. We will strive to earn your trust and be that choice. Give us a call today to make sure you have the proper coverage  It is critical that every homeowner or business undertakes an annual insurance review. Regular reviews are equally essential to ensuring that your policy continues to be a good fit for your coverage needs and budget.
In a single year, a lot can happen that can have a significant impact on your insurance costs, coverage options, and limitations, among other things. Among these are the following:
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. Give us a call today; we are ready to review your coverage. |
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