When you are shopping for auto insurance, you will find there are several coverages available depending on your needs and your state insurance requirements. All states require liability insurance; this covers the other driver if you are in an accident, and it was your fault. Liability is the more expensive section of full coverage but can be purchased alone if you own your car outright. It is important that you understand what you are paying for when purchasing car, truck, or motorcycle insurance, so we have defined the three sections of your auto insurance below.
Auto Liability Insurance (Car, Truck, Motorcycle, or SUV)?
Liability insurance covers repair costs to others when you are at fault in an accident, and it also provides for the medical needs of the innocent party. Liability can also provide coverage to property damage other than vehicles. If you accidentally accelerated instead of hitting the brakes and ran into someone’s fence or home, liability can be applied to the damage done to the fence or house.
Liability insurance also contains legal defense in case the accident ends up in a liability lawsuit. Covering your defense costs has a benefit to you and your insurance company. While protecting you, the insurer also protects itself by ensuring you are not defending yourself in a lawsuit for which they are financially liable.
Understanding Auto Liability Insurance Limits
Liability insurance is available starting at a state minimum and can be increased in increments. Limits means the most an insurer will be liable for if you are involved in an accident. Liability insurance limits are displayed as three numbers, like this 10/50/25. Each number represents limits in the thousands as follows:
The 10 represents $10,000 in bodily injury per person injured.
The 50 stands for $50,000 maximum bodily injury coverage per accident.
The 25 equals the maximum of $25,000 in property damage per accident.
If the accident causes damage or injuries above the liability insurance limits you choose, you can be held personally responsible and sued for the rest. That’s why purchasing the lowest liability limits in an attempt to save money is ill-advised and can have financial implications for years to come.
Let’s say that you are in an accident where you hit a new base-model Infinity QX80 and it is totaled in the accident. The Infinity QX80 starts at $67,000. The 3rd number ($25,0000) in our example above represents the most the insurance company is required to pay; you are responsible for the difference between your liability limit of $25,000 and the $67,000 it would cost to replace the vehicle. You are now looking at covering the difference of $42,000 out of pocket.
Now, if purchased liability insurance coverage at 100/300/100, the insurance company would cover the cost of purchasing the new vehicle up to $100,000. We recommend taking the time to speak with a knowledgeable insurance agent to discuss needs and allow them to help you determine the best coverage for your situation. The minimum liability insurance coverage varies from state to state, for example, Louisiana Liability requirements are 15/30/25, and our neighboring state Mississippi is 25/50/25, while Texas is 30/60/25.
Need insurance in Louisiana? Call the knowledgeable agents at Kelly Lee Insurance for competitive quotes on your insurance needs.
Picture this, you're driving down the causeway -heading for a nice day in the French Quater- and out of nowhere, a driver rear-ends you. You didn't see him coming and now all you get to look forward to insurance paperwork because the other driver was distracted by his phone, and your car is now totaled. But that is not the worst of it, because only last week you were caught in a minor traffic accident and had to make an insurance claim because the other driver was shown to have whiplash. Now you have two claims and less than a month, and your premiums will surely rise.
How many insurance claims can I make in a year?
Now you may be asking yourself how many claims you can make in a year on your car insurance. The answer is as many as you need. There are no restrictions on making claims. However, the number of claims you make can put your premiums in jeopardy. Depending on your insurance company, they may offer accident forgiveness, which means they don't raise your premiums if you go without an accident for a certain amount of time, but not all insurance companies off of this.
What other ramifications will I face from multiple car insurance claims?
If you are seen as a risk to the insurance company offering you the car insurance, they may only offer you third party liability instead of comprehensive coverage. The insurance company has the right not to offer you insurance and dictate the terms of the policy. So if you find yourself in a position where you cannot get adequate insurance because of multiple claims, then you should shop around for new insurance. As a resident of Louisiana, there are plenty of auto insurance companies in Louisiana who would be happy to help you shop for insurance and get full coverage.
What will happen to my insurance premiums
Regardless of whether you stay with the company you've been with or move to another insurance company, you will surely see an increase in the cost of premiums you must pay on a policy for your car insurance. The insurance company may offer you discounts for the safe driver or defensive driving courses or for using automatic payments. But, if you have had multiple claims over three years, then it is likely that you still have to pay a premium for insurance regardless of the discounts offered. After making an insurance claim, one can see their insurance premiums jump anywhere from 41% to 93%. So if you have a wreck, then you could be paying double for your insurance in the future depending on the amount of damage and the cost of the insurance claim that was paid out by your insurance company.
Can I appeal to the higher car insurance premiums?
You can, but it would be ill-advised. When it comes to the premiums, the insurance company has the upper hand, and they are under no obligation to keep your premiums at the current rate after you make an insurance claim. You would be much better off shopping for new insurance and explaining the situation to the potential insurance company of your choosing and ask for the mercy of reasonably priced insurance to cover your vehicle as well as yourself.
No one wants to get into a car wreck either but, accidents happen, and if you are found at fault, then you will probably suffer the consequences of higher premiums. But, it is important to understand and remember that there is no limit on the number of insurance claims you can make in a year.
Getting finances under control doesn't have to be a difficult task. The people who tend to struggle with their finances the most are the ones that don’t have a blueprint to follow. Below we have provided some simple ways to put your financials into a proper perspective.
Saving What You Thought Was Impossible To Save
One of the big things that people struggle with the most in financial matters is savings. Many people live from paycheck to paycheck because they have established a mentality, that all of their money not used for paying bills is disposable income. They may be reckless with spending on entertainment or dining out. All that you have to do is lock yourself into a budget, where you designated a realistic dollar amount that you want to save each month. It becomes much easier to save when you set this goal.
Putting Money Aside For The Necessities In Life
Life is so much easier when you choose to put aside money for the necessities in life. Homeowners need mobile home insurance, Louisiana, just like they will need car insurance. If you want to ensure your investment in your home, there is no way around this. People who fail to prepare for this, nearly always experience financial troubles in other areas in the future. They may fail to pay the insurance and experience natural disasters that can result in a loss of everything. Replacing an entire home – with no insurance – can be close to impossible for most of the working class.
Driving without car insurance is dangerous because it is illegal. It is also difficult to replace a vehicle that has been totaled when you lack car insurance. Carrying car or truck insurance simply makes sense, as does homeowners. Some home and car owners avoid paying their premiums because they assume that they are saving money each month. If a catastrophic accident happens and they find their homes and vehicles destroyed, the money saved by avoiding insurance costs will not amount to much. Generally, it will not be enough to replace even a portion of what they have lost.
Living Within Your Means
Financials counselors preach about living within your means. Most people don’t realize they are living outside of their means because they don’t have budgets in place. Financial advisers find many individuals use their gross income as a measure and assume that they can afford things their net income cannot. It is far more practical – to look at your net pay and give yourself an allowance. They suggest money that is placed in envelopes for things like dining out and entertainment. When this money is gone, the entertainment and dining out should cease for that month. Clients that learn to run their household this way, tend have more success with saving and managing money. They also tend to have a lot less debt.
Buy Instead of Finance
A big money saver that that pays royally is putting off purchases of large ticket items until you can pay in cash. Generally the interest incurred on these items, increases the cost by 20, 50 or 100%. A great example is a car or home. Financing big-ticket items comes at a high cost, even with low interest. Financing is a process that allows you to make payments, but you also find yourself paying more for the home or car over time due to interest. People that save cash for homes and cars can usually negotiate and obtain better deals as well.
Your home is likely your greatest investment, so it's important you understand how having insurance protects that investment. Homeowner’s insurance policies provide coverage for your home in six main areas: Dwelling, Separate Structures, Contents, Loss of Use, Personal Liability and Medical Payments. Allow Kelly Insurance to shop your mobile home insurance for you (337) 656-2890.
en you own an automobile, you must carry auto insurance according to state law. Auto insurance is essential to protecting yours and other drivers investment. Each states laws will vary on the amount of coverage that they will require you to have but make no mistake, every state requires you to have automobile insurance for you to operate a vehicle on the roads legally. If you are caught driving without insurance in Louisiana, you can your license plates canceled, registration suspended, your automobile impounded and likely pay a fine of $500 or more, not to mention the fees to have your registration reinstate. Tickets for these violations, if not paid, can turn into warrants that can land you in jail.
If you get more than one ticket for lack of insurance, the state where you reside can and usually will suspend your license for a state law provided period. When they do give you your license back, you'll usually incur additional fees for the next three years to keep your license. States are taking the uninsured driver problem increasingly more serious due to the number of individuals driving without it and wrecking into other motorists. The problem is such that many insured drivers are forced to carry uninsured motorist coverage on their policy. This type of coverage will cover damages caused by someone who doesn’t have insurance. Essentially forcing a responsible driver to cover irresponsible citizens choice through increased premiums.
Finding affordable auto insurance Louisiana is easy as long as you do your homework and research the companies that offer insurance. You will see many advertisements from auto insurance companies in Louisiana and some of them will advertise extremely low prices. While the lowest premiums possible may sound good at first, you may find that these companies are unethical, taking your money every month, but when you attempt to file a claim, they deny it leaving you in responsible for the damages.
The government closely monitors auto insurance companies in Louisiana, so before you switch insurance companies, you might want to check and see if there are any complaints against the company. Also, be aware that most of these companies that advertise low priced insurance are quoting only liability coverage. If you are still making payments to a finance company on your vehicle, then you must have full coverage to satisfy your finance requirements and terms of your loan agreement. Full coverage insures that the vehicle will be properly restored to working condition, allowing you to make it to work so you can continue paying the finance company.
It’s always a good idea to choose an insurance company that has been in business for many years and is one of the five major auto insurance providers. Your insurance company should offer twenty-four-hour customer service, a fully functional and interactive website and reputable claims adjusters.
Having the right coverage when an accident occurs could make or break you. If you don’t have the right insurance coverage and you are involved in an accident, then you could find yourself in a really bad financial situation with no car and unable to get to work. Things can go downhill very quickly in a situation like this, so it’s well worth your time, effort and money to make sure that you have the right automobile coverage.
If you own a business, then you will definitely want to consider the benefits of commercial auto or truck insurance. Ac ommercial auto insurance Louisiana quote will take just take a few minutes of your time to complete, but once completed, you will have appropriate coverage for your company vehicles. Commercial truck insurance is important to have so that you can protect your business and ensure it remains in business for many years to come.
Commercial Auto Insurance in Louisiana, Auto Insurance in Louisiana, Insurance in Louisiana
What Is Insurance
A policy that an individual or some type of business entity purchases to protect themselves in the event of a difficult financial situation is known as insurance. If an individual or company is involved in an accident or incident that causes damage to someone else's property or their own property, the insurance usually covers the financial losses thus occurred. There are many different types of insurances that individuals obtain, such as health, homeowners, and life. There are also many different types of insurance that businesses, such as general liability insurance, business property insurance, professional liability insurance, and commercial trailer insurance.
What Types Of Trailers Are covered By Trailer Insurance?
When it comes to trailer insurance, it covers a variety of different trailers. But, most of the trailers are grouped into two categories, they are:
When it comes to getting insurance for a commercial trailer you need commercial trailer insurance. But with a basic utility trailer, it connects to a pickup truck. And, you can also bundle this insurance with your home and other insurances.
What Is Commercial Trailer Insurance
Insurance for commercial trailers is also known as commercial truck insurance. This type of insurance covers a variety of different trailers. It is often obtained by trucking companies and independent contractor truckers whose main business is performing long-hauling. The types of commercial trailers that are under this type of insurance are auto hauler trailer, dry freight trailer, flatbed trailer, utility trailer, and many more.
Description Of The Most Common Commercial Trailers
An auto hauler trailer is the type of trailer that is used by 18 wheelers to haul vehicles, and these trailers come in many different sizes and shapes. It does not matter if a trucker is hauling ten vehicles or one vehicle; the trucker needs to have the proper insurance coverage just in case any unfortunate event happens. If the auto hauler trailer is insured, the vehicles on the trailer are covered as well. If a trucker is hauling materials such as paper and plastic goods, the best trailer to do this is the dry freight trailer.
These trailers are also good for hauling things that you do not want to be affected by natural elements such as snow or rain. This is because these trailers are usually an enclosed structure. When a trucker is hauling oversize loads raw steel, the flatbed trailer is commonly used. When using the flatbed trailer, the only downside is that the load is usually exposed to bad weather, if it does occur. However, if the trucker has the proper commercial insurance for their flatbed, if any damage occurs, it will be covered by insurance.
The smallest of the commercial trailers is the utility trailer, and these types of trailers are usually just pulled by a pickup truck. The individuals that usually use these trailers the most are construction workers and landscapers. These trailers are usually used to haul tools, and small equipment and the equipment and tools are generally hauled from job site to job site. If the individual has their utility trailer covered with proper insurance, then their tools and equipment are protected. A few other trailers that are covered under the insurance for commercial trailers are bulk commodity trailer, concession trailer, pole trailer, and tank trailer.
If an individual is looking for the property insurance that covers commercial trailers, it is definitely out there. The insurance covers every different form of trailer that is utilized by trucking companies or independent contractor 18-wheeler operators. The insurance coverage also covers utility trailers for the independent worker who makes contract work such as landscaping. Most importantly when it comes to insurance for commercial trailers not only is the trailer covered but whatever is being hauled or is in the trailer is covered as well.
Truck Trailer Insurance, SUV Trailer Insurance, Car Trailer Insurance - Lake Charles La
Organizations use commercial utility trailers to transport machinery and equipment, as well as goods and supplies to different places. Commercial trailers that are used specifically for business must have valid registration and insurance with the state motor vehicle department. Remember, different states have different insurance requirements.
What does the trailer insurance include?
In many situations, the liability insurance from commercial auto insurance cover extends to trucks and trailers. However, there are limits to this policy, and it may not be sufficient to protect your business. The trailer insurance aims at protecting you against losses caused by different risks.
Normally commercial auto insurance coverage does not indemnify the trailer itself in case of a loss. So, if your trailer is involved in a gruesome accident, the damage may not be compensated. But commercial trailer insurance can protect you in this, including other risk factors such as vandalism, theft, or fire.
In certain situations, especially for specialized trailers, it could be costly to replace a trailer than replacing a van or truck. Thus, trailer insurance is imperative for business owners in this line of business.
How much does Commercial Trailer Insurance Cost?
Insurance costs for trailers tend to vary based on the kind of trailer in question and its value. Driving records of those behind the wheel and claims history, also play a crucial role in calculating premiums to be paid. However, getting a quote is easy; you only need to contact a reliable commercial trailer insurer to get started.
Benefits of having commercial truck insurance:
This type of insurance is a tax-write off. Remember, commercial truck insurance is a business expense; everything about it involves spending money, from the trailer upkeep to purchasing gasoline. Think about the savings your business will benefit while working safely on the road with this insurance.
Another notable benefit of this type of insurance is the protection for the employees. Trucking Companies already have a lot to be worried about, and if you can solve one major issue, such as ensuring the safety and care of your drivers, you must do so. Commercial truck insurance ensures the driver and other designated users have medical coverage in case of an accident.
Equipment used in commercial trucking is expensive, not to mention the cargo. It is extremely important to protect company and client assets, including trailers, trucks, and cargo. Damage caused by a commercial trailer accident can be devastating to a small business. You could be responsible for replacement goods or need to refund your clients for purchases that fell through as a result of the accident. This can be made possible without affecting the operating capital of your business by purchasing commercial trailer insurance.
The last and the most important advantage could be savings you can make as a company and a business owner. Typically, businesses associate commercial trailer insurance policies with high rates, and sometimes this can’t be avoided, but shopping your insurance with a multi-line carrier could prove a profitable phone call. Kelly Lee Insurance works with over 50 independent carriers to ensure his business clients get the coverage they need at the best rates available.
It Protects the Image of Your Business
How people see your business can determine your business success in the future. If you have a positive brand, it is easy to convince potential customers to do business with you. But, if your company does not pay for liabilities caused by accidents, it can become challenging to find new clients and customers.
Commercial Trailer Insurance - 18-Wheeler Insurance - Commercial Truck Insurance - Lake Charles, LA
Life Insurance Policies of Kelly Lee Insurance Services
Why is Life Insurance Important?
Life is unpredictable, and if you want your loved ones to lead a secure and comfortable life, should something unfortunate happen to you, then you should invest in life insurance. Save them from having to endure financial hardship in the event of your absence.
A life insurance policy is a great way to protect your assets, and is one of the most affordable means of doing so. With so many options available in the market, one might find it challenging to make a decision on their own. Understanding your requirement and then selecting a life insurance policy can be overwhelming. If you are planning to purchase a life insurance policy in Lake Charles, LA, trust Kelly Life Insurance to help you make a well-informed decision.
No Pressure Decision Making
You can call us to look at your options because we carry both term and life insurance available, as well as permanent life.
What is term life insurance?
Term life insurance provides temporary financial protection for your family during your working years, with your ability to pay money directly to your beneficiaries after your demise. Financial obligations of those covered under the policy such as daily living expenses, school tuition for your kids, and your mortgage payments, will be taken care of. But you need a plan that promises long term coverage, which is why you should buy permanent life insurance.
What is Permanent Life Insurance?
This insurance provides lifelong protection and the ability to accumulate a tax-deferred cash value. Unlike term life insurance, a permanent insurance policy will remain enforced for as long as you can afford to pay your premiums if you find them affordable. Your policy and coverage need to match your families individual needs that you see as something necessary to cover.
How Can Life Insurance Policies Be Enhanced?
Life insurance policies such as a waiver of premium accelerated death benefit coverage, sudden illness, or even long term coverage that requires adjustment of the plan to match your family’s needs allows for the modification due to future life changes that may happen. Permanent Life Insurance Policies are used to pay premiums, as well as most financial obligations that add up over time. If you need lifetime coverage and you have the means to pay for coverage, it ensures that family stays protected. Permanent life insurance has cash value where the account grows at a rate specified by the policy. Cash values are separate from the death benefit of a permanent life insurance policy because when you pass away, your beneficiaries will not receive any of the cash value. Some insurance companies offer coverage for less than $50,000 so that the cost of a dollar per coverage is still high. Final insurance expenses are still expensive, despite the fact that they do not require a medical exam in order to determine coverage and provides coverage for a lifetime.
Who Is Kelly Lee Insurance?
Kelly Lee Life Insurance was initially started as a niche market in property coverage. By teaming with a company called TWFG in September 2010, we have expanded to over 50 carriers to provide clients with the most affordable insurance coverage available. We offer affordable insurance rates, and customer-service focused on knowledgeable insurance agents. We have convenient office hours and flexible appointment scheduling. We welcome your business and the opportunity for us to learn from you.
Give us a call to get a quick quote on life insurance policies today!
Life Insurance - FAQs - Term Life Insurance - Permanent Life Insurance - Lake Charles, LA
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.
Personal Insurance - Business Insurance - Auto Insurance - Homesowners Insurance - Flood Insurance - Lake Charles, LA
The very famous Progressive insurance was started in 1937 with a motive of giving security and protection to vehicle owners. The idea of such protection and security for vehicle owners was brought into reality by Joseph Lewis and Jack Green and after its introduction; it completely evolved the insurance industry and changed it forever. With a brilliant idea and mind-blowing implementation, now Progressive has become one of the top insurers of the nation and is expected to continue its legacy in the future as well. Nowadays, most independent insurance brokers and their insurance agents like Progressive insurance Lakes Charles LA for their multi line coverage.
Currently, Progressive is insuring more than 10 million policyholders and such large number has allowed it to become one of the biggest insurers of the nation. If you watch TV then you must have seen Flo, who is the most enthusiastic and motivational salesperson of Progressive Insurance. Well, there might not be a storefront where you can go and buy insurance for yourself but you can choose from the wide range of insurance offered by Progressive insurance at Kelly lee Insurance. The lawyer duo who started the company and the idea built a strong base for their dream which has now become a household name. The company is known for its innovation since its establishment; it has brought many new ideas in the insurance sector.
WHAT ALL DOES IT COVER?
Although the company started with just a single idea of providing security and protection to vehicle owners, with the passage of time, it has started offering insurance protection in other areas of need. Following are the insurance products offered by Progressive insurance:-
The USP of Progressive insurance is innovation and it can be seen clearly in its Auto insurance policies through which they provide standard auto insurance premium while making sure that the insurer pays a fair price for it. One of the best examples of innovation in insurance is the snapshot program under the auto insurance. Under the snapshot program, you need to plug in the snapshot device in your car and it will collect data on your vehicle usage which is sent to Progressive. You might save money if you follow safe driving.
Along with the auto insurance, Progressive also offers life insurance in order to help your family maintain the status of lifestyle which they are used to after, regardless of any situation. Through Progressive life insurance, you can pay for funeral expenses, housing costs and medical bills, which is not generally covered by other life insurance policies.
There are four different types of home insurance offered by Progressive; home insurance, apartment and condo insurance, renters insurance and mobile home insurance. The home insurance offered by Progressive includes personal property coverage, scheduled personal property endorsement and flood insurance which is basically an add-on. With Progressive home insurance, you can protect your personal belonging (replaced at the price when you newly bought it and this is one of the biggest advantages of opting for Progressive home insurances.
FAQ ABOUT PROGRESSIVE INSURANCE
How many policyholders are insured under Progressive insurance?
There are more than 13.7 million persona policyholders, 550,000 commercial policyholders and more than 1 million property policyholders.
How much premium increases after accident or citation in Progressive insurance?
This depends on how severe the accident was but with the help of accident forgiveness program, you can keep the premium as low as possible. It has been clearly mentioned on their website that a driver needs at least two tickets for an increase in the premium.
Is there a physical Progressive insurance company location?
There is not a physical store for Progressive insurance company but you can choose from their wide range of insurance products through Kelly Lee Insurance. From buying the policy to filing your claim, everything can be done online or in person at Kelly Lee Insurance.
Is it easy to use the Kelly Lee Insurance website?
The website offers easy to navigate online quote forms for auto, homeowners, mobile home and life insurance. Simply fill out the form and a team member will be with you shortly to share the quote. If you have an accident and need to make a claim, the website offers direct links to the appropriate claim form. Designed keeping user-friendliness in mind.
Why Trust Kelly Insurance Agency to get you the best Progressive Insurance quote?
Kelly Lee Insurance agency is one of the most respected insurance agencies in LA and it has a team of top talent in the industry.. With a long list of clients and vast experience, Kelly Insurance Agency has mastered the art of giving exactly what their client wants. So go for Progressive insurance Lake Charles LA and get the best quote for Progressive insurance through Kelly Insurance Agency.
Progressive Insurance - Lake Charles, LA - Best Insurance - Cheap Insurance Lake Charles, LA
Roofing can be a competitive and rewarding field, and years of hard work can help contractors establish a strong customer base and reputation. Roofing contractors invest their expertise, time and energy to build or repair roofs that will stand the test of time. However, owning a roofing contractor business can be physically and mentally demanding, and it’s a constant challenge to deliver exceptional service while maintaining profitability and reducing commercial liability.
These challenges are magnified when you consider that risks related to property damage, equipment breakdowns, environmental factors, while inland marine and crime must also be addressed. The list below is an overview of these risks and more—helping you identify potential blind spots in your risk management and insurance programs.
While most incidents that occur on a customer’s property would be covered under a general liability policy, property exposures are still present at the contractor’s office and workshop. Exposures can come from malfunctioning electrical equipment, flammable materials, weather and natural disasters. Fire damage may be a particular concern if the contractor stores roofing materials or heats bitumen on the premises.
No matter how cautious your employees are, accidents can and do happen. These accidents create a significant bodily injury exposure. Slips, trips and falls are common hazards in roofing operations. What’s more, because roofers work at heights with tools, people below are at risk of injury from falling objects. In the event of bodily injury to an employee, client or third party, a roofing contractor could be forced to pay for medical costs, emergency care, doctor's visits and legal expenses.
The vast majority of roofing contractors depend on employees to operate vehicles for the company, this creates automobile exposures in the process. Needed for daily operations (i.e. driving from project to project or transporting tools), the use of a vehicle can lead to accidents and significant insurance claims. Additionally, if you allow employees to use their own vehicles for work, standard commercial auto policies are often not enough.
Once a job has been completed, roofing contractors can be held liable if their work product causes bodily injury or property damage. While claims of smaller problems can often be resolved with a repair, larger issues may result in legal action. Completed operations coverage can help protect a contractor in the event of such a claim.
Roofing contractors depend on a variety of different equipment to complete work on a roof, potentially creating significant equipment breakdown exposures as a result. Moreover, roofing contractors can experience business interruptions or even lose contracts as a result of an equipment breakdown.
Roofing contractors regularly transport equipment, tools and supplies to and from worksites. As such, any property that is unique and valuable in transit, in your short term care, stored at determined (but movable) locations or used to transfer information represents inland marine exposures. Materials and tools can be damaged in transit from shifting loads or traffic collisions; at the worksite from collision, being dropped or poor weather conditions; or lost from theft, potentially creating costly losses.
The disposal of old roofing materials, waste bitumen and other hazardous materials presents potential environmental liabilities, as these materials can create pollution. Environmental incidents are particularly concerning because they can cause harm to the community,
and often involve costly cleanup and cause damage to a business’s reputation.
Continuity is critical for any business, and there are few things more important than continuous revenue and a steady cash flow. A single business interruption can be costly for roofing contractors and may even lead to serious reputation damage or long-term closures. Common interruptions for roofing contractors stem from natural disasters, fires, equipment breakdown and loss of materials.
Roofing contractors face several crime exposures, particularly if valuable equipment or tools are left unattended at the work-site, which may attract thieves or vandals. Thieves (including your employees) can rob an office or work-site at any time, targeting cash or valuable supplies. What’s more, with work-site locations changing on a regular basis, the level of risk a roofing contractor faces is in constant flux.
When an employee is injured on the job, your organization could be subjected to expensive workers’ compensation claims. Common sources of on-the-job accidents for roofing contractors include falls from heights (e.g., roofs and scaffolds), heat stress, injuries related to equipment use, slips, trips, falls and musculoskeletal injuries caused by repetitive tasks. Normal, everyday tasks related to laying shingles or climbing ladders can lead to accidents and, in turn, increased costs for your business.
For More Information
While the proper risk management practices can reduce certain exposures, no system is 100% effective in ensuring an incident-free workplace. As a result, it’s all the more crucial to work with a qualified insurance broker to not only assess you exposures, but secure the appropriate coverage as well. To learn more, contact TWFG Insurance - Kelly Lee LLC today.
Contractors Insurance - Roofing Insurance - Lake Charles, La - Kelly Lee Insurance