 A Personal Insurance Update
When spring and summer arrive, we are ready to get out more and spend time in the great outdoors. That means getting your toys insured. That is where we can help. We offer insurance coverage options and competitive prices on all kinds of toys, including boats, personal watercraft, RVs, motorcycles, ATV, and more. All of these vehicles require insurance to protect you from damage and liability. It is critical to have the right kind of insurance coverage for your recreational vehicles. The majority of these are not automatically covered by your home or auto insurance policies. You can choose not to insure physical damage to your recreational vehicles, but you must still have liability insurance. You may be required to insure these vehicles if you have loans on them. Motorcycle Insurance Motorcycle insurance should be an important part of your insurance planning. Having insurance will help you replace any damaged property and cover medical bills in the event of a serious accident. Depending on the bike, motorcycle insurance is less expensive than car insurance and will provide you with peace of mind while riding. Most types of motorcycles are covered by our insurance policies, including sport bikes, cruisers, standard bikes, touring bikes, custom motorcycles, scooters, and classic motorcycles. Our policies can also include liability coverage, uninsured motorist coverage, medical coverage, custom equipment, medical payments, towing, and labor. Check your current motorcycle insurance policy to ensure that each piece of special equipment is listed. ATV Insurance Your ATV is a significant recreational investment. The last thing you want to be concerned about while riding is whether you have adequate insurance coverage. You can ride your bike with confidence knowing that you're properly insured with a customized All-Terrain Vehicle insurance policy Whether you ride a 4-wheeler, a dune buggy, or even a golf cart, you can get the ATV insurance you want and the insurance protection you deserve with coverage options such as:
RV Insurance RV insurance rates vary from one company to the next. It is critical that we shop your insurance to ensure that you get the best coverage possible. A one-size-fits-all insurance policy does not exist. Some insurers provide better rates for trucks, RVs, and campers, whereas others provide better rates for expensive motorhomes. We can cover vehicles in classes A, B, and C. • Liability Coverage for RVs • Collision and comprehensive insurance • Around-the-clock roadside assistance • Uninsured/underinsured motorist protection • Money for unexpected expenses • Contents coverage • Towing protection • Medical payments insurance Classic Car Insurance A classic, collectible or antique car is no ordinary car, and regular auto insurance is not sufficient to protect such a vehicle against damage or loss. Many of the same coverages are provided by a classic car insurance policy as they are by a standard auto insurance policy. A classic car policy may include liability coverage, uninsured/underinsured motorist coverage, and medical coverages such as personal injury protection, liability, or medical payments coverage. You can also get reimbursement for towing and roadside assistance. Watercraft Insurance Whether you own a sailboat, a luxury yacht, or something in between, our comprehensive watercraft policy is tailored and designed to your specific needs and includes broad navigational limits to protect you in both domestic and international waters. We will search the market for the boat insurance program that best fits your individual needs.
Golf Cart insurance Accidents involving golf carts can occur at any time and in any location. While on the golf course, you may cause damage to someone's property or be involved in an accident. Golf cart insurance is essential because it protects you from these types of risks. Coverage can include; liability, physical damage, collision, and comprehensive coverages. Personal Watercraft Insurance In the event of an loss, accident, or damage, or theft, personal watercraft insurance should cover your PWC/jet ski. PWC insurance can cover physical damage, bodily injury, medical payments, towing, and roadside assistance, among other things, depending on the specifics of your policy. We will collaborate with you or your agent to design a coverage plan tailored to your specific requirements. 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.  The majority of commercial general liability policies provide "host liquor responsibility." If you provide alcohol at a social gathering where the guests aren't paying, that covers you. For example, an open house or a special function with refreshments. Granted, you may still be held liable for the consequences of the alcohol you supply. However, you may not require additional coverage.
If you are a business that manufactures, serves, sells, or distributes alcohol, you need Liquor Liability Insurance. Liquor Legal Liability Insurance from our agency Services provides the needed coverage to keep you protected. Alcohol creates real and significant exposures for restaurants, bars, taverns, and hotels. These operations develop a large percent of revenue from sales of alcohol products. Liquor Liability provides insurance for bodily injury or property damage for which you may become legally liable due to contributing to a person's intoxication. Liquor Liability Insurance is usually provided under a separate policy and is intended to cover firms that are in the business of manufacturing, selling, distributing, or serving alcohol. Who Should Consider Liquor Liability Insurance? If you are in any of the following businesses, we recommend Liquor Liability Insurance:
Our agents will shop the market for you and get the best possible coverage and competitive premiums. We can create and deliver risk management and insurance solutions to fit your unique insurance needs. The result will be a more productive workplace, confident and secure workers, and an improved bottom line. You deserve an advisor who values relationships, integrity, and the ability to solve problems. Your total cost of risk affects your profitability. We Understand Why.  Take a look at these insurance buying tips for bundling your home and auto insurance policies to ensure you get the best deal! When you have multiple types of insurance plans with the same insurance company, you have a "bundle" of policies. When you get a discount for bundling your policies with one insurance provider, it's called an insurance bundle discount. Policies You Might Bundle
Bundling your insurance could provide several advantages. Although these advantages will likely fluctuate by the carrier, the money you save on your policies and the time you save managing your policies are two of the most typical perks of bundling. Getting numerous separate policies from the same insurer can save you a lot of money. While particular savings are dependent on the insurer as well as the types and number of insurance purchased, Purchasing multiple policies (home, auto, or motorcycle) from the same insurer can be more convenient than purchasing multiple policies from other companies. Multiple policies can often be handled or obtained from the same insurance agent using the same online account. How To Get Started Contacting your insurance agent is an excellent place to start if you're interested in bundling your coverage. Your agent should be able to assist you in finding the ideal policy combination to meet your coverage and financial requirements. 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.  The day-to-day operations and challenges of running a business can often overshadow the importance of reviewing your insurance coverage. Updating your insurance may not be at the top of your priority list, what with work, home, and personal obligations. Have you ever wondered when you should update your insurance policy? We recommend your take the time to review your business insurance program before each renewal.
The length of time it takes to renew your policy is determined by the size of your company, the complexity of your risk, and the insurance carriers you use. However, starting conversations two to four months ahead of time has a significant advantage. We have discovered that it allows you to communicate with your insurance broker about various difficulties and ideas. You can talk about potential company developments as well as the various insurance options. A good market strategy can be condensed to five simple criteria regardless of an organization's size, complexity, or risk profile.
To begin with, how responsive is your insurance agent? Is it common for you to be left hanging or suffering in the dark for weeks while waiting for a response to your insurance details? Of course, top-tier brokers are also quite busy. A little common sense goes a long way. People who want your business, on the other hand, are more likely to work hard for it. Consider the following items when selecting your agent
Some agent like to start 120 out from the renewal date, and other say 90 days is ok. We think the more time you have, the better. This gives you plenty of time to plan your strategy and goals, gather data, create attractive underwriting submissions, engage underwriters to consider your options, and get post-binding papers like ID cards, certificates of insurance, and invoices. The idea is never to give an insurer a reason to deny participation because "there isn't enough time. Review Your Risks In Relations To Your Coverage The process of risk and coverage review can be important to ensure your proposed coverage meets your goals. If you have an uncured loss due to a lack of understanding of your risk is never acceptable. This gives you and your agent an opportunity to thoroughly review your risks and design a program to meet your needs. Recognize That Low Price May Not Be The Best Option Often businesses will look to the lowest cost as the main factor in considering which program to select. This may not be in your best interest. Low-cost insurance can mean that there are coverages missing, restrictive terms, or exclusion you may not want to be included in the quote. There are cost-saving options when purchasing or renewing company insurance coverage to help you save a large amount of money. If you can persuade your insurance that your risk exposure is modest, for example, your premium can be lowered. Be Prepared To Negotiate While a small business doesn't have the same bargaining power as a firm that pays a six-figure premium, there are a few things you can ask for, including:
Yes, the renewal procedure can be time-consuming and complicated, with many loose ends. That does not have to be the case. Not if you follow the correct procedures and have a well-defined strategy. A qualified insurance broker specializing in commercial insurance plans may make things a lot easier and more cost-effective. Commercial business insurance is an important aspect of any business that cannot be ignored, especially if the business premises are leased or rented and even otherwise. Whatever your commercial insurance needs, we can design a protection program that’s right for you. 3/22/2022 Insurance For Biotechnology Firms Whether you're dealing with chemicals or arranging research studies, you're probably exposed to a variety of risks on a regular basis. We understand that biotech and life science companies face particular problems, which is why we've developed insurance coverages to keep your company safe.
You may rely on our products, services, and financial strength throughout the life cycle of your organization, from start-ups with a single promising molecule to clients bringing several therapeutic targets through worldwide clinical trials. Common Risks Companies in the life sciences and biotechnology industries use sophisticated equipment and materials, which exposes you to hazards such as:
A Business Owner's Policy can help biotech companies and other businesses in the life sciences industry (BOP). This policy combines three types of company insurance into one simple package:
 I get this question a lot from Life Science companies and it's an excellent question. You have so many things to worry about, from funding to FDA approval, where does insurance fit into the Life Sciences picture. Can it be put off? This particular post is pertaining to Property & Casualty Insurance, not Health Insurance. If you answer, YES, to any of the questions below, you should contact a Life Sciences Insurance professional.
Do you have employees or contractors acting as employees? Work related injuries happen no matter how safe you make the work place environment. According to the CDC, falling down is the most common office injury. This could be from wet floor or tripping over something (a work bag, cord, chair, etc.). A Workers Compensation policy will respond to these types of office injuries, and quite frankly, they could be costly. Do you have office space? If you have office space, you most likely have guests entering for meetings. What happens if they get injured on the premises? You most likely will be held liable. If your landlord hasn't required you to have General Liability Insurance, it's probably only a matter of time before they ask for a Certificate of Insurance. Take the time to get it now rather than having to scramble to get it. Do you have product/inventory, office equipment or medical equipment? Basically, any property that your company owns. Even if it's minimal, why risk it? I tell people, if it's minimal, chances are the premium will be minimal as well. When it comes to property insurance, when have you ever regretted purchasing it? As you can see from the above, it's really during the infant stages that you should be working with an experienced Life Sciences Insurance broker that is familiar with the industry. It's not worth the risk to forgo the coverage. You might be thinking, we are pre-revenue and don't have any money for a policy. Fortunately, a policy for a Life Sciences company in the initial stages of business certainly won't break the bank. This is where working with a broker like Strive Insurance Group has its advantages. Feel free to call or email me if you have any questions or would like a quote. Jason Matison Commercial Insurance Agent Austin, Texas  Not only is the Life Sciences Industry one of the fastest expanding in the United States, but it is also one of the most vital from a societal standpoint. Biotech work frequently results in significant and inventive discoveries that introduce new procedures and products to the medical and agricultural industries and have a considerable impact on many of the most vital spheres of our lives, most notably our health.
Potential equipment failures, spoilage risks, staff, and public health hazards, supply shortages, and the probability of having to recall products that do not work as intended are just a few of the significant risks that all biotech companies must carefully consider when developing a risk management program that will provide them with the protection they require to remain on the cutting edge of technology and science while continuing down their chosen path of innovation. Why Is Insurance Important? As your biotech company grows and requires additional capital, it is critical to guarantee that daily operations continue to run smoothly and legally. The availability of your goods to the general public dramatically raises your risk, and this risk becomes even more severe as your business grows. Additionally, insurance for biotechnology companies enables you to interact efficiently with the FDA and other regulatory agencies. Key Coverage
 Why is it important for biotech and life science companies to have insurance? Businesses in the life sciences and biotechnology industries use costly equipment and materials, which exposes you to dangers such as:
A Business Owner's Policy can help biotech companies and other businesses in the life sciences industry (BOP). This policy combines three types of company insurance into one simple package:
 When it comes to protecting your financial assets like your home or auto, you can't trust just anyone with your investment. Finding a trustworthy and trained insurance agent/broker could mean the difference between having enough coverage for your property following a catastrophic loss and being stuck with a large repair bill. An insurance agent/broker is a specialist who works on behalf of clients to find the best policy or insurance provider for their needs.
Consider the overall fit not just the price, as price can be deceptive. Be careful of someone who sells on low cost, generally it means poor coverage. The same method you used to choose a doctor or dentist can be applied to choose an insurance broker. You want someone with a pleasant "bedside manner," as it were. Understand the differences in agents Direct Writers vs. Independent Agents: There are two ways to obtain insurance coverage from a company. Direct writers are insurance companies that hire their own salespeople to write exclusively for them; they work for the company that employs them. Independent agents work for the insured rather than the insurance company. They do, however, have contracts with multiple insurance companies and can usually provide you with more options. Signs It Is Time To Find A New Agent
Testimonials: Yelp, LinkedIn, Facebook, and other social media platforms can help you determine whether or not a business provides good service. These websites can be useful, but meeting with an agent or broker in person is one of the greatest methods to determine whether or not they will take good care of you. Personal Recommendations: Consult with your coworkers, people you trust, and your circle of friends. Asking a complete stranger is preferable to relying on advertisements or the yellow pages. People are more likely to refer others with whom they have had a good encounter. Ask Questions Consider this like an interview, where you are selecting a person and agency to represent you.
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