I’m a small business owner. Do I need commercial insurance?

It’s safe to say that most business owners are interested in protecting their assets and profits. Most people don’t go into business to go broke. However, without the appropriate measures to protect your business, you’re vulnerable when it comes to the unknown. Commercial or business insurance is designed to protect companies on many different levels, from liability to injury. Insurance Solutions Inc. of Cullman, AL cares about business owners and wants to help them attain the coverage they need to protect their assets.

Do I Need Commercial Insurance as a Small Business Owner?

In short, "yes." Small business owners may question whether or not they genuinely need commercial/business insurance. However, the answer is simple. Business insurance is a wise investment if you have assets that you want to protect. Many small businesses would be unable to cover an accident or lawsuit out of pocket. Commercial/business insurance provides the protection businesses need to weather unexpected events and their business’s regular ups and downs. 

What Benefits Does Commercial Insurance Provide?

Typically, commercial insurance provides three common types of coverage; 

  • Property
  • Liability
  • Workers Compensation

Property insurance would cover damage to your business’s property. This could include damage to the exterior of your building and the interior. Commercial insurance also provides coverage for theft, graffiti, and other types of damage that may be intentional. Without this invaluable insurance, it may take businesses months or years to recover from a setback. It could mean that a business may have to close. Insurance makes it easier for a business to recover after a loss. 

Liability coverage protects from lawsuits and other situations where a business may be found at fault for an injury to a third party or parties and a variety of other issues. Lastly, workers’ compensation provides financial/medical coverage for injured employees on the job. Every business is unique. Coverage that one business may need, another may not. Our team at Cullman, AL Insurance Solutions Inc. is committed to taking the guesswork out of commercial insurance. Give us a call. 

Is Umbrella Insurance Worth the Cost?

It can be hard to know whether or not umbrella insurance is worth the cost. After all, you may feel like you’re already paying quite a bit for your other insurance policies, and you may not want to shell out any more money than necessary. But there are some excellent reasons why umbrella insurance could be a wise investment for you. Let’s take a closer look at a few of those reasons.

One of the main reasons to get umbrella insurance is for asset protection. If you are sued and found liable for damages, your assets could be at risk. Even if you have other insurance policies, they may not cover the full amount of damages you must pay. Remember, your homeowner’s insurance policy has limits, as does your auto insurance policy. If you are sued for damages that exceed those limits, you could be forced to sell your home or other assets to come up with the money to pay the judgment against you.

Umbrella insurance can also provide coverage for certain types of claims that your other policies might not cover. For example, if you are accused of defamation or slander, your regular insurance policy may not provide any coverage. But an umbrella policy could help cover the costs of defending yourself against such a claim.

Another reason to consider umbrella insurance is the peace of mind it can provide. Knowing that you have this extra level of protection can help you relax and enjoy your life, knowing that you are well-protected financially if something unexpected happens.

Get Umbrella Insurance in Cullman, AL 

So, is umbrella insurance worth the cost? For many people, the answer is a resounding yes! If you have any questions about whether or not umbrella insurance is right for you, be sure to speak to Insurance Solutions Inc. today. Our team would be happy to help you find the right coverage for your needs.

What Does RV Insurance Cover?

Buying a recreational vehicle (RV) can be a great way to spend time with your family. You can go away for a weekend or even several weeks. That being said, you also need to protect yourself.

While looking at insurance, you may be wondering what RV insurance covers. Here are some things that it does. 

Bodily injury liability will cover medical bills if someone is injured in your RV. It may also cover their loss of income. It should cover your legal fees if you are sued due to this accident. 

Property damage liability will protect you if you damage someone’s property. This can include their vehicle or anything else that you may damage. If you hit a fence, it will cover the cost to fix it. If you hit a shed, the damage should be covered. 

Collision insurance will pay for any damage that occurs to your RV if you are involved in an accident. If your RV is totaled, you will get enough money in order to buy a new one.  

Comprehensive insurance covers anything other than collision. This may include vandalism, theft, and storm damage. 

Liability insurance is required by most states. It is up to you whether you want extra protection through collision and comprehensive insurance. If you have a lot of money wrapped up in your RV, you may want extra protection. If you take out a loan to buy your RV, you may be required to have collision and comprehensive insurance. 

If you are wondering if you need insurance for your RV, don’t hesitate to contact us today at Insurance Solutions Inc in Cullman, AL. 

Why ATV insurance is so important to have in AL

When it comes to ATV insurance, Cullman, AL area residents can count on the team here at Insurance Solutions Inc. We have the knowledge necessary to help you stay informed about your policy options and choose the one that’s right for you.

Benefits of comprehensive ATV insurance

Alabama residents may not think that they need ATV insurance, especially when they only ride their vehicles on private land. Unfortunately, this is not the case in most situations. Liability is still relevant, no matter where you ride your ATV.

Theft is another consideration when it comes to choosing your insurance policy. You want to know that your ATV is protected, no matter what may happen.

If you choose a robust ATV policy, you can put the protection you need in place at the right level for your needs. Liability coverage is often the protection that serves the most benefit. When you and your friends and family are out on off-road ATV rides, damage or injury can occur. Why wouldn’t you want to have the necessary protection in place?

When a covered event does occur, having a local agent on your side is a great help. The claims process can go a lot more smoothly when you have someone there to help you with the paperwork. No one wants to have to use their insurance, and we hope that you never do! But this doesn’t mean that you shouldn’t have a policy.

Alabama residents can count on us!

When it comes to ATV insurance, Insurance Solutions Inc. has the answers Cullman, AL area residents need. Don’t overlook this important policy type! Want to learn more? Call or stop by our office today, and find out how we can help you protect your ATV.

Do You Need Motorcycle Insurance All Year?

If you own a motorcycle, you can’t wait for warm weather to arrive so you can go for a ride. However, during the winter, you may not use your motorcycle as much or at all. As a result, you may want to cancel your motorcycle insurance coverage. You likely wonder whether it is really needed year-round. Insurance Solutions Inc., serving Cullman, AL, shares some insight into this.

Is Motorcycle Insurance Needed All Year?

In reality, regardless of how many months out of the year you spend on your bike, you can always benefit from having year-round coverage. The reason for this is simple. While your motorcycle is in storage, there are many threats it will be vulnerable to, including theft, vandalism, storm, and fire damage. Without a policy, you would be put out financially to cover the damage expenses.

Then, of course, when a usually warm day rolls around, you may want to take your bike for a spin. Unfortunately, without insurance, this is a bad idea in case you are involved in an accident, which you would be deemed responsible for financially.

What Are Your Options Then?

So, since you should ultimately keep motorcycle coverage all year, are there any options available to cut costs? Speak to your insurance agent about comprehensive coverage throughout the colder months, ensuring your bike is protected from environmental hazards, vandalism, and theft while stored. If you do this, just make sure not to take your motorcycle out on the open road, since you won’t be covered against liability or collision.

If you have questions or would like help creating a motorcycle insurance policy based on your individual needs, contact Insurance Solutions Inc., serving Cullman, AL.

Does Umbrella Insurance Protect Against Judgements?

Umbrella Insurance Basics

Umbrella insurance provides you with a barrier against financial disaster. Accidents happen, and sometimes catastrophic ones that exceed your existing liability protection. Lawsuits happen, particularly in today’s litigious society. Without an umbrella policy, your financial assets would be at risk to pay for damages owed after an adverse judgment.  

Who Should Consider Umbrella Coverage

While it’s a good idea for anyone to consider umbrella coverage – it’s surprisingly affordable for the amount of additional coverage it provides – it’s essential for people with more expansive financial assets. Business owners, landlords, and others with significant investments to protect are at particular risk from an adverse judgment. If your net worth exceeds your liability protections, it’s excellent coverage to pick up. 

What Kind of Judgments are Covered?

  • Any judgment that determines you, your household, or hazards encountered on a property you own are responsible for injury or property damage. 
  • Personal liability – when you are responsible for damages – whether they occur on your property or elsewhere. 
  • Libel, slander, false arrest, and even wrongful eviction personal injury claims are also covered. 
  • The costs of your legal defense, and that means coverage for your lawyer’s fees as well as any required court cases. 

What Umbrella Coverage Does Not Protect

  • There are exceptions to what you can protect under this type of policy. A few examples: 
  • The liability you accept through contracts or agreements is not covered. Make sure you thoroughly review all contracts you intend to sign. 
  • Aircraft and most recreational vehicles are usually unable to be covered under an umbrella policy. 
  • Damage intentionally caused by yourself or a household member is not covered.
  • Damage covered under a workers’ compensation policy is not covered.

Rainy Day Fund

When you are ready to protect yourself and your financial future against catastrophic accidents or legal liability claims, call or visit us at Insurance Solutions Inc. Serving the Cullman, AL area, we are happy to review your assets and help you make the best policy choices for your needs.

Commercial Insurance Guide: Breaking Down Equipment Breakdown Insurance in Alabama

When you have equipment and machinery in your commercial business in Alabama, you will want to consider getting equipment breakdown insurance. This insurance will cover you in the event of breakdown or failure of your machinery. When those breakdowns occur, you could suffer operations losses.

At Insurance Solutions Inc., we want Cullman, AL business owners to be protected during these business crises. We can help you to have the coverage you need.

What is Equipment Breakdown Insurance?

Equipment breakdown insurance is insurance coverage that will cover you when your operations are interrupted due to equipment or machinery failures. When something breaks down, financial loss is a crisis. 

You worry about the cost of repair, replacement, and every dollar that you lose when your business is interrupted. 

This coverage can be packaged with other elements of your commercial insurance policy.

Benefits of Equipment Breakdown Insurance

Equipment breakdown insurance specifically covers the losses you incur when equipment breaks down. It is separate from your general liability coverage but includes property damage coverage. 

If damage occurs because of breakdown insurance, you can file a claim on your equipment insurance policy. If you lose any other property as a result of equipment failure, that is covered as well. 

For example, if you use a freezer to hold meats in a butcher shop, and the freezer breaks down, you can file a claim on your equipment breakdown insurance. 

Get a Quote

When you are running a business where you need equipment to keep the business going, equipment breakdown insurance can help. At Insurance Solutions Inc., we help Cullman, AL business owners stay protected through crises just like this. Let us help you take this worry off your mind. Call us for a quote today.

How much motorcycle insurance do you need?

The state of Alabama requires drivers to show proof of insurance that meets the minimum regulations. Bodily injury liability is required to be no less than $25,000 per person ($50,000 per accident), and property damage liability coverage should be no less than $25,000 per incident. It is possible to have the state minimum in auto coverage and still come out with the short end of the stick in Cullman, AL. The agents at Insurance Solutions Inc. can help you determine how much motorcycle insurance you may need to comfortably navigate the road. 

Is the minimum enough? 

The minimum amount of insurance coverage may not be enough if you plan to operate your motorcycle often. You may also find yourself in a financial hole if you have custom equipment that costs more than your policy’s limits to replace if damaged. 

Most motorcycle owners select additional coverage that exceeds the state’s minimum when driving their bikes in Cullman, AL, so they can feel secure when enjoying the sites. How much insurance coverage you may need depends on a number of factors. 

How much motorcycle insurance do you need?

You need to first consider your lifestyle when determining how much motorcycle insurance coverage is enough. You may be able to get away with paying for the bare minimum if you only plan to ride your bike a few times per year. It may be necessary to pay for more coverage if your motorcycle serves as your primary source of transportation through town. 

Motorcycle owners who have extra equipment or love to travel the country on their bikes may find themselves in need of more protection. You certainly do not want to find yourself stranded on the road wishing you had included roadside assistance in your plan. 

The agents at Insurance Solutions Inc. can help you fully understand the benefits of full protection when buying motorcycle insurance. Call them today for a quote!

Should I Maintain Boat Insurance Throughout the Year?

You carry out boat maintenance all year through, but do you need boat insurance throughout? Unfortunately, most boat owners cancel their watercraft insurance during the off-season, only to reactivate the coverage when the boating season begins. While this might seem like a prudent penny-saving tactic, it can end in tears. 

 Why should I maintain boat insurance all year through in Cullman, AL? Insurance Solutions Inc. has the answer for you.

It may be required

While boat insurance isn’t compulsory in Alabama, your lender may require you to buy basic boat insurance coverage if your loan liability is outstanding. You see, just like you, your lender has an investment stake in the boat. As such, they need to protect their financial interest through boat insurance. 

Risks don’t have an off-season

Risks like theft, fire, and natural disasters don’t have an off-season — they could strike even when your boat is in storage. Given this reality, it makes sense to safeguard your boat all the time to avoid denting your pocket when these risks occur. 

It may be cheaper

It might surprise you that maintaining boat insurance all year through might be cheaper in the long run. Why? Some insurers reward you with a subsidized deductible for every claim-free year. Besides, other companies may offer loyalty discounts for maintaining boat insurance all year through. 

For peace of mind

While your boat might be in the garage, it doesn’t mean it’s entirely safe. Theft, fire, and falling objects could damage your boat, forcing you to incur out-of-pocket repair costs. With this in mind, it’s wise to maintain boat insurance all year through to have a worry-free time even when not using your boat.

Buy boat insurance today!

In all seasons, you need boat insurance to protect your prized investment. If you are in Cullman, AL, and its environs, don’t hesitate to get in touch with Insurance Solutions Inc. for an affordable quote.

What Does Classic Car Insurance Cover?

You love your classic car and have put a lot of time, money, and effort into restoring it and keeping it in tip-top shape for car shows and other events so you will want to ensure that it is properly protected. The insurance agents at Insurance Solutions Inc. in Cullman, AL  understand the importance of protecting your classic car or truck.

In Alabama, the same insurance requirements apply to your classic car as with other vehicles if you are driving it on the public roads and streets. This means you must have at least liability insurance in place in case an accident occurs when you are driving to a show or event in your classic car.

To be considered a classic car in the state of Alabama, your classic car must be at least 30 years old and must be operated as a collector’s item. This means you can only drive it on public roadways when you are participating in classic car club activities, exhibitions, tours, and parades. In other words, your classic car cannot be used for general transportation purposes.

Your classic car must also be distinctive. For example, your classic car should be listed as a vintage car, exotic or luxury vehicle, a vintage military vehicle, a muscle car, or a hot rod.

Since classic car insurance pertains to vehicles that will actually increase in value over time, unlike regular vehicles that depreciate in value over time, classic car insurance works a little differently. When you obtain insurance on your classic car it will cover property damage, liability, comprehensive, and collision insurance but the amount of insurance will be based upon an agreed value of your vehicle.

The classic car insurance agents at Insurance Solutions Inc. in Cullman, AL can assist you with all of your classic car insurance needs. Give them a call today to get your policy started.