When is Commercial Insurance Necessary?

If you own a business in the Jefferson City, MO area, you know that there is always a lot of potentials to do quite well. While there are clear benefits to owning a business, there are also many risks involved. While some risks are inevitable for all businesses, others can be mitigated through a quality commercial insurance policy. There are several situations in which having commercial insurance is a necessity for your business. 

Need to Protect Assets

All business owners will eventually invest in very valuable assets. This can include real estate, heavy equipment, IT infrastructure, and a variety of other assets. If these assets were to be destroyed or stolen, it could be a very bad situation for a business owner. To ensure that they are able to remain solvent even during these situations, having a full commercial insurance policy is a necessity.

Adds Liability Protection

Businesses take on a lot of responsibility and liability. If someone was injured or sick through the use of their product or service, the business could be found liable in a lawsuit. In some situations, this liability could be enough to make a company insolvent. To ensure you are properly protected and can withstand a lawsuit such as these, it is important that you have a full commercial liability insurance policy in place. 

When you are looking to protect your business in the Jefferson City, MO area, the first call that you should make should be to Luebbering Insurance Agency LLC. The professionals at Luebbering Insurance Agency LLC can help any business owner better understand the benefits of having commercial insurance. They can then help them get into a policy that properly protects their business against a variety of risks. 

Who will require me to have commercial insurance?

If you are an owner or a manager of a business in the Jefferson City, MO area, there are many important decisions that need to be made on a regular basis. One important decision that will need to be made is when you try to get insurance to protect your business. Having commercial insurance in place is extremely beneficial and will also be a requirement in a variety of situations. There are a variety of organizations that will require that you maintain commercial insurance at all times. 

State Requirements

One organization that will require you to carry commercial insurance at all times is the state. If you have employees that work for you, having workers compensation insurance in place is a necessity. This part of your commercial insurance policy will provide coverage if someone is injured while they are working for you. Since it is so important, state law requires you to carry it.

Lending Requirements

Most commercial lenders will require that you have commercial insurance at all times. A lender will want to make sure that your assets are protected and that you are covered for liability. This will help to ensure that their collateral is protected and that you are able to handle lawsuits. Most lenders will also require that you escrow your commercial insurance payments on a monthly basis to ensure you are covered. 

If you are an owner or a manager of a business and want to learn more about your commercial insurance needs and options, the team at Luebbering Insurance Agency LLC is a great place to start. When you meet with the professionals at Luebbering Insurance Agency LLC, you will get more insight into what type of insurance you need to have to protect your Jefferson City, MO business.

Can You Get Life Insurance if You are Terminally Ill?ai

Life insurance is something that just about anyone can benefit from. With the right policy, you can find the coverage you need to be safe and to help your family cover your expenses when you pass. For those that have terminal illnesses, it may be harder to secure life insurance than it would be for an otherwise healthy person. For those that live in the Jefferson City, MO area, the agents with Luebbering Insurance Agency LLC can help.

For those that are suffering from terminal illness, it is far more difficult to secure a life insurance policy. That being said, it is not impossible to get a life insurance policy if you are facing terminal illness. Some insurance companies do offer policies for terminally ill subscribers but the overall premium cost is going to be far higher than it would be for someone that does not have anything wrong with them. That is not to say that a life insurance policy, even one with a very high deductible, is not beneficial to those that do have a terminal illness.

The real issue comes with weighing what the value of a policy is versus how much the premiums are going to cost overall. If the terminal illness is very progressive, you may benefit from a life insurance policy, even one with a high deductible. It is always best to speak with an agent about what type of policy is beneficial for you and what type of policy you should take out if any at all. For those that live in the Jefferson City, MO area, the agents with Luebbering Insurance Agency LLC can help you determine if a policy is going to be beneficial to you or if you should opt for some other form of benefit.

Can You Get Life Insurance if You are Terminally Ill?ai

Life insurance is something that just about anyone can benefit from. With the right policy, you can find the coverage you need to be safe and to help your family cover your expenses when you pass. For those that have terminal illnesses, it may be harder to secure life insurance than it would be for an otherwise healthy person. For those that live in the Jefferson City, MO area, the agents with Luebbering Insurance Agency LLC can help.

For those that are suffering from terminal illness, it is far more difficult to secure a life insurance policy. That being said, it is not impossible to get a life insurance policy if you are facing terminal illness. Some insurance companies do offer policies for terminally ill subscribers but the overall premium cost is going to be far higher than it would be for someone that does not have anything wrong with them. That is not to say that a life insurance policy, even one with a very high deductible, is not beneficial to those that do have a terminal illness.

The real issue comes with weighing what the value of a policy is versus how much the premiums are going to cost overall. If the terminal illness is very progressive, you may benefit from a life insurance policy, even one with a high deductible. It is always best to speak with an agent about what type of policy is beneficial for you and what type of policy you should take out if any at all. For those that live in the Jefferson City, MO area, the agents with Luebbering Insurance Agency LLC can help you determine if a policy is going to be beneficial to you or if you should opt for some other form of benefit.

What to do when your brakes fail and how to prevent it

Brake failure while on the road is about the scariest thing that can happen to any motorist. The Luebbering Insurance Agency LLC, serving Jefferson City, MO, would like to let you know how to deal with such an event so that you might come out safely and with your vehicle intact.

The best way to deal with brake failure is to prevent it from happening. You should follow the scheduled maintenance, which will include brake inspection, as set out in your owner’s manual. If your mechanic suggests fixing your brakes, follow the suggestion at once. An ounce of prevention being worth a pound of cure is especially relevant where brake trouble is concerned.

If your brake light starts to flash while you are driving, move over to the side of the road immediately. Do not try to drive the car any further. Call a tow truck, and have your vehicle taken to an auto repair shop to get the brakes fixed.

If your brakes fail, then immediately apply the emergency brake. If you are able to, downshift slowly to reduce the speed of your vehicle. Pull over to the side of the road, and then call a tow truck to take you and your vehicle to a repair shop.

If you do suffer a crash because of brake failure, follow the procedure for auto accidents, including exchanging information with other parties, reporting to law enforcement, and contacting your insurance provider. Damage to your vehicle and any injuries will be evaluated and taken care of.

If you have further questions about auto safety and insurance, feel free to contact the Luebbering Insurance Agency LLC, serving Jefferson City, MO.

 

What Is Covered With A Commercial Insurance Policy?

When a Jefferson City, MO resident takes the time to speak with agencies like Luebbering Insurance Agency LLC, one of the primary questions that they will have centers around a commercial insurance policy. What do these policies cover? How much protection can a client truly receive?

Benefits To Small Businesses 

Small businesses in Jefferson City, MO benefit the most from these policies. When small business owners meet with Luebbering Insurance Agency LLC representatives, they can learn more about the protection that they will receive from various pitfalls that often take place. For example, the protection of assets is key.

With a commercial insurance policy, the business and the owner’s personal assets are both protected from ruin. Settlements and legal claims that could drain a business’ coffers are avoided entirely. Any small business that plans to succeed in Missouri must be aware of these policies.

What Other Losses Are Prevented?

A Missouri business also receives protection from financial losses that stem from bodily injury claims, personal injury claims, property damage, injuries caused by advertisement and the costs of defending themselves in a legal setting. It is important to note that these policies do not offer any sort of protection against damages caused by willful misconduct or employer negligence. 

How Much Commercial Insurance Should a Business Carry?

Every business will have to make their own decisions in this regard but the majority of small businesses require between $500,000 and $1 million in coverage. High-risk businesses that are involved in costlier interactions and dealing with more customers on a daily basis may want to increase their coverage, though.

The costs are based on the goods and services that are being provided, as well as the number of people that are employed. The claims history and the amount of time that the business has been established also factor into the equation. 

Types of Boat Insurance

Before you put your valuable boat out on the water in Jefferson City, MO, you need to review your boat insurance needs. Luebbering Insurance Agency LLC can ensure that your boat is fully protected. It makes sense to have boat insurance because the physical outdoor activities associated with boating can predispose your boat to a number of risks. Your vessel will be protected against damage, the passengers on your craft will be protected in case of injuries or death, and you will be covered in the event that you inflict bodily injury to other people while using your boat.

Types of boat insurance:

Actual cash value: In case of total loss, your insurance company will reimburse you the value of your boat, including depreciation. You don’t have to fear that you will lose everything in the event of total loss.

Agreed amount value: You should consider discussing this type of boat insurance with your insurer in Jefferson City, MO. You can reach an agreement over the value of the boat at the time you purchase the policy. You can recover the full amount you agreed on in the event of total loss.

Replacement cost coverage: The insurance company has the option of reimbursing you the total original cost of your boat or replace your lost vessel with one that is similar to it.

Most established insurers that provide boat insurance will offer you bundling options for multiple insurance policies. It is prudent to choose these bundled products because it will help you save some quick bucks. In addition, your homeowner’s insurance policy can cover small boats, depending on the features of the policy. However, since liability coverage is limited in nature, your homeowner’s insurance policy will not cover your larger boat for liability and property damage.

Enjoy the summertime with your friends without worries by purchasing the right type of boat insurance. Are you looking for an ideal protection for your vessel? Talk to our knowledgeable insurance agents at Luebbering Insurance Agency LLC for more information on how to get an affordable boat insurance coverage for your boat today.

 

What is motorcycle insurance?

No, motorcycle insurance is not the same as a standard auto indemnity policy. Yes, you need the special coverage if you own a two-wheel vehicle that has a motor that can exceed speeds of 60 MPH. Your motorcycle is much lighter than a car and, unfortunately, more susceptible to theft. Here are the fast facts about cycle assurance Jefferson City, MO. The staff at Luebbering Insurance Agency LLC can help you sort through the intricate details of your next policy.

What is motorcycle insurance?

Motorcycle insurance, much like auto assurance, is a policy that provides financial backing in the instance of an accident on the road or theft. The limits of your plan are largely dependent on how much you are willing to pay in monthly premiums and state regulations regarding motor vehicles and insurance.

What does motorcycle insurance cover?

Your motorcycle assurance plan can cover as much or little as you like so long as the policy meets the minimum requirements of auto insurance limits in Jefferson City, MO. Most drivers prefer a policy that pays for a maximum of $30,000 per incident and person. You may consider a higher spending limit of you own a home or other amenities that may be at risk in the instance of a lawsuit.

Your average full coverage motorcycle indemnity plan pays for the loss of your bike if it is beyond repair as well as medical bills if you or the innocent party are hospitalized. Some insurance plans even pay for accessories damaged or stolen in an incident, which include helmets and custom exhaust equipment.

Which option is the right choice?

It is best to speak with an agent at Luebbering Insurance Agency LLC when determining the motorcycle insurance plan that best fits your lifestyle. Contact them today for a quote!

Common misconceptions about renters insurance.

About 50% of homeowners often decide not to purchase renters insurance to protect their personal property because they often bet that they’ll never fall victims of day to day perils like fire, burglary or theft. As a homeowner, it is vital to get renters insurance cover for your personal property both in and outside the home. Unfortunately, there are a number of misconceptions about renters insurance. Here are common myths about renters insurance and facts you should know.

I do not have many belongings that are worth the renter’s insurance cover

Most individuals have a common reason that they do not have property worth insuring. Given the fact that all rental properties are susceptible to perils, insurance expert’s advice that renters should not underestimate the value of their possessions since replacing the event of damages would be far much costly.

My landlord already covered for property threats.

As a renter, your landlord might get into an agreement with an insurance company to provide renters insurance but often at times, the insurance policies only protect the building itself and not the belongings. 

Renters insurance only covers my personal belongings

In as much as one may not care about his/her belongings, accidents may damage other tenant’s property or someone may get injured in your home which will be much more costly if you do not have a policy with the liability insurance option. Purchasing renters insurance can save you a number of costs since it covers a wide variety of items.

It is expensive

Most people have the perception that getting an insurance cover is very costly. Fact is, renters insurance is probably a preeminent arrangement in the insurance sector. Before making a choice on the policy you want to purchase, it’s important to get professional advice from an insurance agent with regards to your budget and policy premiums you can afford.

For more information about renters insurance and the quotes, visit our insurance experts us at Luebbering Insurance Agency LLC in Jefferson City, MO to help you find a suitable coverage that best suits your needs and budget.
 

How Umbrella Insurance Benefits Your Small Business

As a small business owner in the Jefferson City, MO area, you have plenty of worries on your plate, including how to best protect your business against a variety of risks. While an ordinary business insurance policy covers most of these risks, there are times when you need to rely on more than your standard liability coverage. This is where umbrella insurance comes into play. The dependable agents at Luebbering Insurance Agency, LLC can help you find an umbrella insurance policy that’s right for your small business.

Additional Coverage When Your Business Needs It Most

When faced with a legal claim that’s in excess of your business insurance’s liability coverage limits, the thought of having the remainder coming out of your pocket can be sobering. Not having enough coverage can even spell the end of your small business. An umbrella insurance policy adds supplemental coverage on top of your existing liability policies, picking up where your general liability coverage falls short.

Having umbrella insurance can also provide some unexpected benefits. If you’re pursuing a large contract, for instance, your clients may require a certain amount of liability insurance as a prerequisite. Your umbrella insurance policy easily bridges the gap between your existing coverage and your client’s insurance requirements.

Greater Peace of Mind

Accidents happen and an unexpected accident can have some severe consequences for your business. You may even worry if your current business insurance policy can handle the liability. Having additional liability coverage through umbrella insurance can set your mind at ease.

At Luebbering Insurance Agency, LLC, we understand the importance of protecting your business against all types of expected and unforeseen claims. Reach out to us if you’re in the Jefferson City, MO area and need insurance that meets the varied requirements of your small business.