3 Must-Know Facts of Life Insurance

Friday, August 1st, 2014

Life insurance is one of the most overlooked insurance policies. However, it is also one of the most beneficial. It can provide a financial cushion for your loved ones in the unfortunate event of your passing. Keep these 3 must know facts about life insurance in mind when looking for a policy.

  1. Cash value loans. Some life insurance policies will allow you to take out a loan to finance anything from home renovations to medical bills. These loans are tax free since the IRS does not classify them as gains. If you pass away before you are able to pay back the loan, the beneficiaries will receive the benefits minus whatever is owed on the loan.
  2. Accelerated benefit rider. You are able to use part of the death benefits to pay for basic expenses if you are diagnosed with a terminal illness. Your beneficiaries will receive the death benefits minus the amount that you used for expenses upon your passing.
  3. Death benefits can be probate free. Life insurance policies will not go through probate court unless your estate is named as the beneficiary.

For the most comprehensive life insurance policy in the Monument, Colorado area, contact Warrior Insurance.

What Type of Insurance is Needed for Restaurant Owners?

Friday, July 25th, 2014

After finding the perfect location for your restaurant and making sure every menu item tastes just right, it is important to make sure you have the right insurance policies to protect your investment. Make sure to invest in these top 9 restaurant insurance needs before opening your doors.

  1. Property insurance – this will protect your restaurant from many different unfortunate events. Typically, it will not cover any natural disasters.
  2. General liability – this will protect your restaurant in case somebody gets injured on the property, or if someone gets sick from eating your food.
  3. Liquor liability – if you are planning on selling alcohol at your restaurant, liquor liability will protect your restaurant if somebody gets into an accident after drinking.
  4. Automobile liability – if you have a vehicle that is used for deliveries, automobile liability will cover any accidents that are associated with the vehicle.
  5. Workers compensation – this will provide payments in case an employee is injured and can no longer work.
  6. Unemployment insurance – this will cover payments for employees who no longer work at your restaurant.
  7. Life insurance – this will provide a financial cushion for your loved ones to continue paying the mortgage of the restaurant in the unfortunate case of your passing.
  8. Food contamination insurance – this will replace lost goods in the event of a problem, such as loss of power, which would result in spoiled food.
  9. Specific peril insurance – this will protect from any other issues, such as an earthquake, that is not covered by other policies.

For all of your insurance needs in the Monument, Colorado area, contact Warrior Insurance.

Renters insurance for College Students

Monday, July 21st, 2014

Insurance is usually the furthest thought for most college students. Since they are on a tight budget, they typically only spend money on necessities, such as textbooks. However, investing in renter’s insurance for your apartment can help save you hundreds or thousands of dollars in case of an unfortunate event.

Renter’s insurance is very affordable, with the average cost of a policy only being $10 a month. The inexpensive policy can help cover all of your belongings in case they are stolen or damaged. While you may think that you do not have anything of value to insure, chances are you do. While typical college students may not have nice furniture that they want to protect, most of them have an expensive gaming system or laptop. Renter’s insurance will provide coverage for these items if they are stolen or damaged.

Renter’s insurance will also provide some liability coverage for you apartment. Renter’s insurance will cover any medical expenses or lawsuits that are associated with the injury.

For the most comprehensive renter’s insurance policy in the Monument, Colorado area, contact Warrior Insurance.

Avoid Motorcycle Accidents

Wednesday, July 16th, 2014

One of the best parts about riding a motorcycle is that you are able to enjoy the perfect summer weather whenever you go for a ride. While enjoying your bike, it is important to remember to stay safe in any situation. Keep these motorcycle safety tips in mind every time you go for a ride to help prevent accidents while on the road.

Construction zone riding – make sure to look out for work zone hazards, such as loose gravel on the road, pooling water, and traffic stopping suddenly when driving through a construction zone. It is also important to make sure you know the construction zone laws to make sure you do not get fined.

Proper motorcycle gear – always wear a helmet when riding to greatly increase your chances of surviving an accident. Invest in a jacket and pants that are made of sturdy material, such as nylon or leather to protect your body in an accident. If you are riding at night, make sure to wear reflective gear so you are visible to other drivers on the road.

Most importantly, make sure you have the right motorcycle insurance to protect yourself from any unfortunate accident. Contact Warrior Insurance for all of your insurance needs in the Monument, Colorado area.

Is Your Business Small or Large? And What Type of Insurance Do You Need?

Friday, July 11th, 2014

Owning a business comes with a lot of responsibility and accountability, including making sure you are providing the right amount of health insurance to your employees. Knowing if your business is considered a small or large business can make a huge difference in the amount of insurance you are required to provide.

If your business has 50 or fewer full-time, or equivalent employees, you are considered to be part of a small group. This means that the health care you have to provide to your employees must meet the same standards for those policies that are offered to individuals and families.

Businesses that have 51 or more full-time, or equivalent employees are required to offer health care that meets all the requirements for large groups. They also have a wider selection of plans to choose from.

An employee is considered a full time, or full time equivalent employee if they work at least 30 hours a week, on average.

Contact Warrior Insurance in Monument, Colorado for all of your health and business insurance needs.