if you are in search of Commercial Insurance for your Bar or Tavern you may find it more difficult to find competitive rates and coverage.  Top insurance carriers for these policies are projecting premium increases for 2014.  However, there are a few things to look for when considering purchasing a policy for your business. Coverage over Premium - Yes, getting a smashing deal on your bar insurance is euphoric.  There is nothing like saving 30% by shopping your policy (and consequently this is exactly what you should do), but coverage trumps savings.  If you can find coverage and price savings then, and only then, have you found "it".  In 2014 most carriers are taking rate increases in Arizona.  At least one factor in this change in pricing is liability claims.  As a result, carriers are changing how they insure each location by offering a reduction in benefits as it pertains to general liability and liquor liability.  The moral of the story here is t ...

Life Insurance.  COST SAVING METHODS EXPLORED... How much is enough?  How Much does it cost?  Are there living benefits?  How long do I need it? These are all typical questions when searching for life insurance.  The answers to these questions could save you thousands.  Improper life insurance planning can be inefficient to say the least.  We are going to explore plan design and premium as it relates to this in order to help consumers understand cost structure and benefits.  There are many cost factors that consumers should consider prior to purchasing life insurance.  I will expand on these and how they relate to your premiums.  Please keep in mind that we are focused on how they relate only to premium for this discussion.   HOW MUCH IS ENOUGH?  The traditional school of thought is anywhere from 4-10 times your income depending on your situation.  For example, if you are the sole income provider for a family of 4 or more then somewhere aroun ...

If you are in need of hotel insurance in arizona there may be a few "must have" items as part of your Hotel Owners Insurance Package.     First, if the lowest price is what you are after, keep in mind that hotel insurance carriers typically change their rates annually.  If you haven't reviewed your policy in awhile you should.  The insurance buying marketplace for hotels is changing dramatically and here are a few things to look for... Customized Coverage - It is relatively simple to purchase an insurance policy for your hotel but finding specialized coverage is harder.   It comes down to finding an insurance agency that has access to the carriers that bring these unique benefits to your table.  For example, in the event of a claim some carriers offer enhanced hotel coverage for Business Personal Property (TV's, furniture, beds, chairs, computers, POS System etc.) which may come in handy.  Also, look for insurance coverage on personal property of the guests in the hot ...

Technology as it relates to insurance agencies may benefit consumers. As with any industry, there is a evolutionary process in terms of structure, pricing, service and most certainly technology.  Systems are mastered through innovation and technology.  If a business can be more efficient and pass this efficiency on to the consumer, they should and most likely will.  Think in terms of the availability of information.  Twenty or Thirty years ago accessing information was more expensive.  Wave mail campaigns are trumped by email campaigns and prospecting systems are easier and more effective than ever with immediate access to updated consumer information.  Scaling insurance services may be one key to success for insurance agency owners, but how does this benefit consumers? It goes to figure that if an agency masters their systems then the consumer benefits and, when done properly, the benefits are obvious.  Employing innovation can reduced administrative, marketing and operat ...

When searching for insurance for yourself or your business there are vast options available.  In the information age, it's crucial to know how to use the tools you are given to your advantage.   Independent Insurance Agencies provide benefits that others do not.  GEICO, Progressive, StateFarm, Allstate are just a few insurance companies that have taken the information age by storm by mass marketing spending billions in marketing dollars.  But.  Marketing money aside, there is something missing with these large insurance carriers... Diversity and relationships are the cornerstone to the value of the independent insurance agency.  The independent agent brings a 'you first' approach through carrier relationships.  Unlike the insurance companies mentioned above, the independent agency can customize insurance to fit your needs through their network of carriers.  This customization may have a few distinct benefits:   pricing - A gecko or Flo may not be the answ ...

Underinsured Motorist Insurance Coverage is an automobile policy option which covers one for property damage and bodily injury caused by another motorist whose coverage is insufficient to cover the damages one has suffered. This policy compensates the injured party for the difference between the injury suffered and the liability covered by the insurance of the driver at fault.

Uninsured Motorist Coverage is a part of an automobile policy that covers the policy holder from uninsured motorists and hit-and-run accidents.  

These coverage's are not required in the state of Arizona.  Roughly 20% of all drivers on the road are uninsured.  

 

Please contact GE Insurance Agency for a review.  

 

info@geinsuranceagency.com

877-214-8114

What is Scheduled Personal Property Insurance Coverage?

Scheduled Personal Property Insurance Coverage protects valuable items separate of your homeowners insurance policy.  There is an additional premium for this coverage.  Typically, an appraisal is required for high value items but it is always a good idea to keep the receipt for the item you are insuring.  

As you make holiday purchases, GE Insurance Agency would like you to consider adding some or all of these valuable items to your insurance policy as Scheduled Personal Property.  

call or email 

877-214-8114

info@geinsurancagency.com

If you are in search of Golf Course Insurance please read:

 

The insurance market for Private and Public golf course insurance is changing.  Notable companies such as Travelers, CNA, Zurich, Allied, AIG, and others are changing their rates and appetite for these risks.  In 2014 there are many changes that may benefit the golf course community.  

We take on the responsibility of bringing this information to you.  Please contact Joe Eden for more information at:

info@geinsuranceagency.com 

or

877-214-8114

 

Tips for preparing your home for winter conditions in Flagstaff Inspect roof, and gutters  Have a qualified inspector check your roof for leaks or worn tiles.  As the temperature drops below 32 degrees leaks or worn tiles may be fixed simply and if not serviced can lead to major damage.  Clear gutters of debris as this may lead to ice damming.  Ice damming can deteriorate your roof tiles by expanding the tiles as ice develops.     Heat strips may also be used as a prevention device.  Install smoke and carbon monoxide detectors If already installed, check the battery and "test" each device.  Install carbon monoxide detectors close to your furnace and/or hot water heater.   plumbing  Locate and shut off water main in the event of an emergency or extended absence.  Drain all garden hoses and irrigation systems.  Insulate all exposed pipe and if you       have a air conditioning unit with a water shut-off ...

General Liability insurance for a restaurant in Arizona is one part of a comprehensive policy.  For restaurant owners and managers looking for a business policy you should have (at least) the following coverage:

 General Liability- at least 1million/2million limits

Property - to include contents and building 

Liquor Liability Coverage

Business Auto Insurance

Business income coverage - preferably Actual Loss Sustained 

Commercial Umbrella 

Employment Practices Liability 

Cyber Liability 

I comprehensive Commercial Package Policy will have these components present for your restaurant insurance policy in Arizona.  Please call our office so that we may provide a review of your restaurant insurance policy for Arizona. 

 

info@geinsuranceagency.com

877-214-8114