Insurance is a contractual policy providing financial protection and compensation against damages and losses of personal or business properties. It’s something homeowners, motorists, and business owners must have to protect themselves and others. With most consumers, searching for the best e-commerce insurance carrier with affordable coverage is daunting and tedious. A solution is to use an independent agency with a list of independent carriers offering fast online quotes. When shopping for the right policy, consider important factors of the cost and coverage of auto home business insurance policies.
Kinds of Insurance for Homeowners & Business Owners
Homeowners and flood insurance are two different coverages in Louisiana. Many of the homeowner's policies exclude coverage for flooding. They have to purchase a separate policy for flood protection.
Personal and commercial insurance protects motorists and companies’ employees operating a motor vehicle. Private auto insurance protects drivers, passengers, and other motorists in the event of an accident. Insurance carriers offer liability and comprehensive coverages with a specified deductible, which is an obligation of the policyholder.
Worker’s compensation is a policy for protecting the company’s employees against injuries and to protect the owner’s liabilities. It is a policy mandated by the State of Louisiana.
General liability insurance - Lake Charles La - is coverage is available in a standalone and Business Owner’s Policy coverage. It covers injuries to customers, damage to property, and lawsuits. The policy carrier pays for medical and legal expenses. Businesses and the employees receive protection from lawsuits involving slander, libel, and injury.
Car insurance - Lake Charles - is a requirement in Louisiana to operate a car, truck, recreational vehicle and some all terrain vehicles. The NAIC (National Association Of Insurance Commissioners) reported Louisiana ranked number two on the 2016 Top Most Expensive States For Auto Insurance. The average expenditure was $1,302.11, which included $835.28 in liability, $438.37 in a collision, and $222.46 in comprehensive. Nationwide, average auto insurance increased by 5.3 percent in 2016. In 2015, the average cost for auto insurance in the state was $889, and in 2016 it was $955.80.
Factors To Consider When Operating a Home Business
Entrepreneurs who operate their businesses from their home should consider the following factors:
Avoid mixing personal with business when selecting coverage to protect your home, yourself, and others. It could cause issues with your blanket coverages.
If you operate out of your home, contact an insurance agent about policy options for protecting business equipment, supplies, and office furnishings. Some agents allow home businesses to purchase a policy package for covering the use of portions of the house they are conducting business.
Another option is the Business Owner Policy, an affordable option with worker’s compensation, general liability, commercial auto, and other products that meet the needs of your company.
Today, consumers can shop for insurance products using a comprehensive platform with more than 50 independent carriers in Lake Charles, LA. Request for one or more quotes from reputable carriers to find the best insurance products for the price. While statistics and data reveal a hike in auto insurance from 2015 to 2016, an insurance agency provides you with the tools to find an affordable policy within your financial means. The average cost rose by an estimated $106. Lastly, read your policy thoroughly and meet with a local insurance agent to ensure you have enough protection.
Everyone knows you should get life insurance, auto home business insurance. Yet, does anyone actually know why?
Yes, Kelly Lee insurance is there to cover liabilities, acts of God, and other accidental damages that crop up from time to time in life. However, insurance serves a greater long term purpose. Insurance provides financial stability to your budgeting.
By making a life insurance policy the basis of your financial security, you ensure that your family will be covered in the instance of your death. You can then build your savings, investments, and future financial goals upon the knowledge that your family will be covered even if the economy tanks. This allows you to take calculated risks and over time become financially independent as your investments take hold.
The same is true for commercial trailer insurance and business insurance. Business insurance is the backbone upon which you build your company’s future stability. There are several instances which business insurance covers, and we’ll get into them below.
Instance #1: Liability Insurance Policies
Liability insurance is put in place to safeguard your business from the costs of claims filed against your company. Whether an employee or customer sustain a bodily injury on your property, your liability insurance will help you stay safe in the midst of a lawsuit. It will also allow your employee or client to be fairly compensated in the event that the company was at fault. While collecting on this claim could hurt your reputation with the insurance company, the coverage of liability is essential for keeping you in business if an injured party is badly hurt.
There are several liability programs on the market. These include, but are not limited to general liability, professional liability and commercial umbrella insurance. Each has its own policies and addendums to suit the type of industry you operate within and the kind of people you employ.
Instance #2: Employee Insurance Policies
As a piggyback off of liability coverage, businesses can also engage in Workers’ Compensation programs which provide employee benefits for those suffering from work-related injuries and illnesses. These not only help workers get back on their feet after the accident but keeps your business safe if an employee or their family member decides to sue you unjustly. As with life insurance, factors like job safety, claims history and the size of your payroll affect the rates you will receive. However, the higher premiums are likely worth it to ensure that you are covered in the event of an injury.
Instance #3: Property Policies
Property policies aim to protect your properties in the instance of a natural disaster or terrorist action. These events are impossible to predict. While your company should do everything in its power to make sure safety standards are up to code, no one can anticipate a freak tornado coming through and demolishing your infrastructure. In this case, 40% of businesses go under because they do not have proper property protection for acts of God. The world we live in is unpredictable. Your financial security depends on having a policy that protects against the unknown.
It is better to purchase insurance and find out you never needed it than to never have it and soon after discover that you need it.
The protection business insurance offers is not an invitation to be lazy with safety measures. Just like with life and commercial trailer insurance, business insurance is a security for your finances in the instance of the unforeseen and unpredictable. Allow Kelly Lee Insurance to share the options they offer on auto, home, business and commercial insurance so you can find the coverage that best fits you and the company you are building.
As business owners know, proper insurance coverage is vital to continued success. Not only can it cover the business if an accident occurs, but it can also provide the confidence customers expect when using the services a business provides. For many businesses, one of the most important but often overlooked areas of insurance involves commercial trailer insurance. Used by a variety of businesses, this specialized insurance provides protection in a number of areas, including comprehensive and collision, medical payments, liability, and uninsured and underinsured motorists. To learn more about various aspects of this insurance, as well as auto home business insurance, look to Kelly Lee Insurance for the answers your business needs.
Variety of Business Options
Since many businesses use large trucks and trailers during the course of their daily activities, commercial trailer insurance can be beneficial to a number of companies. Whether it is building contractors, trucking companies, dump truck service providers, appliance and electronics businesses, delivery companies, tow truck companies, or other similar businesses, having this type of insurance can offer a level of protection that can be very important. After all, in the event of an accident on the road or at a job site, this insurance can be the determining factor in ensuring the business and all parties involved can have their claims settled quickly and fairly.
Since all businesses are different and therefore have different needs when it comes to insurance, Kelly Lee Insurance can work with each customer to provide customized coverage that will best meet their needs. In helping customers, various aspects of insurance coverage are examined in great detail, such as liability, physical damage, non-owned coverage, personal injury protection, and many other areas. And as an added bonus, once the best types of coverage are selected for a customer, their policy can be easily adjusted to show seasonal changes. Not only will this help keep their rates low, but also help with discounts and claims service as well.
Large and Small Businesses
Whether a business is a simple one-man operation or a larger company with hundreds of employees, Kelly Lee Insurance can provide auto home business insurance to meet the needs of all our clients. Working with more than 50 independent insurance carriers, our agency can compare various types of policies and coverage, then present options based on a client's needs and budget. In doing so, companies can get the coverage they need at prices they can afford, creating a win-win situation for everyone.
24/7 Claims Service
In any business where employees are on the road each day, it is inevitable that at some point an accident will occur, requiring a claim to be filed. When this happens, many insurance companies make submitting a claim difficult with traditional office hours. But for clients of Kelly Lee Insurance, the claims process is made as easy as possible. By partnering with carriers who provide 24/7 claims service, clients can be assured they will receive claims service that is fast and fair.
Since commercial trailer insurance can pertain to pickup truck utility trailers as well as large dump body trailers pulled by tractors, it is crucial to have the right insurance that covers your type of business. Rather than work with an agency that has little understanding of the importance of this specialized insurance, it is best to put your trust in the experts at Kelly Lee Insurance. With years of experience and a strong commitment to customer service, you can be sure your auto, home, and business insurance needs will be met by experienced and knowledgeable industry professionals.
Business Insurance – an Investment in Your Future
Owning a business is a large investment of time, money and the future of your small business could rely on securing the right insurance. There is more to running a small business than daily business transactions, as many new business owners discover only too late.
This realization usually occurs when a sudden natural disaster destroys a small business's equipment, data, office, and furnishings. It may also occur in small businesses that have unrecognized liabilities, such as employee injuries or fatalities.
Be Prepared with Comprehensive Auto, Home, and Business Insurance Plan
To determine the actual cost of loss or liability, small business owners usually need the help of a professional insurance agent.
The logical action to take is to choose an insurance professional with substantial experience in your line of work. Pulling from past client experience, your agent will be familiar with potential problems that may result in costly liability.
Five Tips to Insurance Your Small Business
There are five essential tips to consider when insuring your small business. These include:
1. Identifying potential liability
2. Evaluating actual business property coverage
3. Choosing the most cost-effective workers' compensation policy
4. Ability to add on insurance features that result from changes to business practices
5. Specifying insurance coverage for performance and financial loss
Identifying Potential Liability
During the day to day operation of a small business, the owners may not always see details in areas of their business that may be a source of liability. An experienced insurance agent has the knowledge and skill to pinpoint areas that require insurance coverage.
Evaluating Actual Business Property Coverage
For a small business with a storefront, their real property can be a large part of the value of their daily business operations; it is advisable to allow an insurance agent to evaluate the coverage you will need in the event of loss of use.
Choose the Most Cost-Effective Workers Compensation Policy
Workers compensation for business owners with a staff that has a storefront to conduct business should be discussed and reviewed to ensure coverage is adequate to cover medical, burial and death benefits, as well as lost wages.
Ability to Add-On Insurance Features
Small business owners may need the assurance that a claim of liability filed against the business, owners' home, auto, and business insurance policies are adequate to avert financial disaster.
A small business insurance policy should be flexible enough to allow for add-ons that result from changes to business practices. For example, a business owner expands the reach of his target market of customers requiring him to increase the number of employees.
A small business owner may also need commercial auto insurance should they offer delivery service using company vehicles.
Specify Insurance Coverage for Performance and Financial Loss
Most small business owners endeavor to reach 100 percent customer satisfaction. However, from time to time they may encounter a customer complaint regarding business performance. Professional liability insurance, also known as errors and omission insurance, can cover a professional who makes a living off of their expertise.
There is also the potential for financial loss from non-payment by suppliers and customers. It is important to discuss these possibilities and the types of insurance coverage that provides optimal security and confidence to a business owner.
The "Go To" Insurance Expert
Kelly Lee Insurance TWFG has earned the trust of its small business insurance clients, as well as its property and casualty insurance clients. Kelly Lee Insurance provides Auto, Home, Life, and Business Insurance as part of a broad range of insurance coverage. For more information, contact us today.
Our nation is in the midst of an unprecedented opioid epidemic. More people died from drug overdoses in 2014 than in any year on record, and the majority of drug overdose deaths (more than six out of ten) involved an opioid.
Since 1999, the rate of overdose deaths involving opioids—including prescription opioid pain relievers and heroin—nearly quadrupled, and over 165,000 people have died from prescription opioid overdoses.
Prescription pain medication deaths remain far too high, and in 2014, the most recent year on record, there was a sharp increase in heroin-involved deaths and an increase in deaths involving synthetic opioids such as fentanyl.
Economic Impact of the Opioid Epidemic:
- 55 billion in health and social costs related to prescription opioid abuse each year
- 20 billion in emergency department and inpatient care for opioid poisonings
On an average day in the U.S.:
- More than 650,000 opioid prescriptions dispensed
- 3,900 people initiate nonmedical use of prescription opioids
- 580 people initiate heroin use
- 78 people die from an opioid-related overdose
Louisiana Department of Health gets $8.1 million federal grant to address opioid crisis.
The State now has more funding to fight the opioid epidemic. The Substance Abuse and Mental Health Services Administration (SAMHSA) has awarded the Louisiana Department of Health a grant to target and reduce opioid abuse across the state. The State Targeted Response to the Opioid Crisis Grant is funded at $8,167,971 a year for two years.
Dr. Rebekah Gee, secretary of the Louisiana Department of Health said the state is in the midst of an opioid crisis and the grant will help address the problem.
“Louisiana averages 122 opioid prescriptions per 100 people. This is a significant concern because 80 percent of heroin users reported starting out misusing prescription opioid medications,” said Gee. “Additionally, by mid-year 2016, in both East Baton Rouge and Orleans parishes, narcotic overdose deaths surpassed homicide deaths.”
The Louisiana Department of Health, Office of Behavioral Health will administer the grant which will be used to enhance existing statewide prevention, treatment and recovery services that are available to individuals who are addicted to opioids or who are at risk for opioid addiction or opioid abuse or misuse.
Initiatives funded by the grant include:
Implement opioid prevention strategies that includes a mass media educational campaign targeted to those who are at risk for an opioid disorder, and health care provider training.
Develop an intervention strategy that focuses on Naloxone education and distribution of this medication to target populations.
At the local level, build treatment capacity within the existing networks of behavioral health providers. The goal is to provide access to evidence-based treatments, particularly Medication Assisted Treatment, and education and training on non-opioid alternatives. Funding will be directed to the state’s 10 local opioid treatment programs.
Increase treatment and prevention capacity for people with opioid addictions or disorders through funding that will be directed to the state’s 10 local human service districts/authorities.
Partner with the Department of Corrections to provide opioid treatment services for offenders who participate in re-entry-programs at two designated prison facilities. These programs will identify at-risk offenders nine months prior to release, and will provide individualized treatment and robust discharge planning to ensure they continue treatment after leaving prison.
“More than 75 percent of offenders have a substance use disorder, and they are at high risk of engaging in substance use unless provided treatment prior to release,” said James M. Le Blanc, Department of Public Safety and Corrections secretary. “We are optimistic these programs will result in a decrease in substance use-related crimes, and will see fewer offenders return to prison, thus saving taxpayers money, and reducing the number of crime victims.”
“This grant allows us to continue our focus on statewide planning and implementation for opioid education, prevention, treatment and recovery support services. We’re looking forward to working with our partners across the state to reduce the number of opioid prescriptions, and to reduce opioid abuse,” said Dr. Janice Petersen, Louisiana Department of Health’s principal investigator for this grant.