Author: Pedro

Full auto insurance coverage typically goes beyond the state-required minimum liability insurance and usually includes comprehensive and collision coverage.

Comprehensive coverage protects your car from non-collision incidents, like theft, fire, vandalism, or weather-related damage. It’s the kind of coverage that steps in when something unexpected happens that isn’t a crash.

Collision coverage, on the other hand, helps pay for repairs or replacement if your car is damaged in an accident, no matter who’s at fault.

Together, comprehensive and collision coverage give you peace of mind, ensuring that your vehicle is protected in a variety of situations—far beyond just the basics required by law. Full auto insurance is especially important if your car is financed or leased, or if you want to avoid being underinsured when accidents happen.

We’d be happy to review your insurance coverage options with you! Give us a call at (702) 646-2082 or visit https://branchinsgroup.com.

That’s a great question – how much coverage do you actually need for your home and belongings?

For homeowners, the key is to purchase enough coverage to fully rebuild your home if the worst were to happen. Ideally, you want guaranteed replacement cost coverage, which ensures your home can be rebuilt even if construction costs rise.

It’s also important to think beyond just the house itself. Make sure you add coverage for detached structures, like a casita or shed, as well as for highly valued items such as jewelry, artwork, or even collectibles—yes, sneakerheads, that includes your shoe collection!

If you’re renting, your focus should be on insuring your personal property. That means having coverage that matches the value of everything you own, like TVs, furniture, and other belongings.

The bottom line? Too little coverage can leave you underinsured, and when something unexpected happens, the last thing you want is to find out you don’t have enough protection. The right home insurance coverage ensures you, your home, and your belongings are safeguarded when you need it most.

We’d be happy to review your insurance coverage options with you! Give us a call at (702) 646-2082 or visit https://branchinsgroup.com.

What insurance does a small business actually need?
Much of a business’s success depends on how well it can overcome obstacles. Our agency is here to help guide you through the perils that you likely don’t anticipate.

Bad luck case number 3: The family owners at Acme Inc. were frustrated that things seemingly out of their control were affecting the business’s health, and the hits kept coming. After a huge storm one weekend, the team came into the main office on Monday morning to find a tree had fallen through the roof. Both the tree and rainwater damaged computers, monitors, printers, desks, and more beyond repair. By the time all the contractors could be scheduled and get the work done, nearly 2 months had passed before operations could get back to normal. A property insurance policy would have helped with the replacement of the equipment and furniture as well as repair costs for the roof, walls, ceiling, flooring, and electrical. Debris removal coverage could have reduced the unexpectedly significant costs of tree and material removal, and business income insurance would have even replaced income that was lost because of the 2 months the company couldn’t operate at full capacity up to policy limits.

Bad luck case number 4: The team at Acme Inc was grateful to be able to get back to business as usual, but this peace only lasted a few weeks when a calamity of a different flavor struck. Malware managed to insert itself into one of their networked computers. But it wasn’t just any malware, it was ransomware, and it quickly spread to every computer and the server. It encrypted all files, making them inaccessible. Acme bitterly paid the ransom as it couldn’t survive another extended period of time non-operational. Cyber liability insurance with data ransom coverage would have made the Acme owners much less bitter. Can you see how some variation of these examples could be applied to your business? Overwhelmed, no worries. We’ll guide you through the types of policies that best fit your specific business and what limits make the most sense for each.

We’d be happy to review your insurance coverage options with you! Give us a call at (702) 646-2082 or visit https://branchinsgroup.com.

What insurance does a small business actually need? Much of a business’s success depends on how well it can overcome obstacles.

Our agency is here to help guide you through the perils that you likely don’t anticipate. Let’s take a look at some examples of these perils through Acme Inc. The company had been investing resources to fuel growth, and this made cash flow a little tight. To save money, they decided to temporarily cut back on some of their insurance, and as luck would have it, that’s exactly when they were hit with a string of incidents that put the entire business in jeopardy.

Bad luck case number one: Members of the Acme Inc. team had been working hard to finalize a sales proposal that was to be presented the following day. Upon completion, they were annoyed to see that the printer was out of ink again. In an attempt to save the day, Julie and Colleen hopped into Julie’s car to rush to an office supply store for new cartridges. In her haste, Julie hit another car while she was texting her husband that she’d be home a little late. The other driver and passengers were injured and their car was totaled. The lawsuit that followed targeted Acme because Julie was acting on behalf of the company when the accident occurred. The hefty legal and judgment costs would have been covered by hired and non-owned auto liability insurance up to purchased policy limits.

Bad luck case number 2: During the previous litigation, it was discovered that Colleen wasn’t an employee of Acme Inc. She was a 1099 contractor. She was contracted initially to consult on a project, but she did so well it developed into a full-time situation. Although Julie only had minor injuries from the car accident, Colleen in the passenger seat was badly injured and had a long recovery. Acme had workers’ compensation insurance that covered Julie’s expenses, but not Colleen’s. The state identified that Acme had misclassified Colleen, and she should have been classified as an employee. This led to hefty penalties for Acme, and they also ended up needing to pay Colleen’s medical costs and damages from the lawsuit she later filed.

Can you see how some variation of these examples could be applied to your business? Overwhelmed, no worries. We’ll guide you through the types of policies that best fit your specific business and what limits make the most sense for each.

We’d be happy to review your insurance coverage options with you! Give us a call at (702) 646-2082 or visit https://branchinsgroup.com.