Running a small business is an exciting venture, but it also comes with risks. One unexpected event can lead to financial strain or even jeopardize the future of your business. That’s why having the right insurance coverage is crucial. While every quote is tailored to your business’s specific needs, there are few essential types of business insurance that every small business owner should consider.
General Liability Insurance
This is the most fundamental coverage every business needs. General liability insurance protects against claims of bodily injury, property damage, and personal injury (such as slander or libel). Whether a customer slips in your store or you accidentally damage a client’s property, this insurance helps cover legal fees and settlements.
Professional Liability Insurance (Errors & Omissions Insurance)
If your business provides professional services, this coverage is essential. Professional liability insurance protects against claims of negligence, mistakes, or failure to deliver a promised service. This is especially important for consultants, lawyers, accountants, and healthcare providers.
Workers’ Compensation Insurance
Most states require businesses with employees to carry workers’ compensation insurance. This coverage helps pay for medical expenses, lost wages, and rehabilitation costs if an employee is injured on the job. It also protects business owners from potential lawsuits related to workplace injuries.
Commercial Property Insurance
If you own or lease physical space, commercial property insurance is a must. It covers damage to your building, equipment, inventory, and furniture due to fire, theft, vandalism, or natural disasters. Even home-based businesses should consider this coverage to protect business-related assets.
Commercial Auto Insurance
If your business uses vehicles for deliveries, client visits, or transporting equipment, commercial auto insurance is necessary. It covers damages resulting from accidents, theft, or vandalism involving business-owned vehicles.
Business Owner’s Policy (BOP)
A Business Owner’s Policy (BOP) combines several types of essential coverage into one comprehensive package at a lower cost. This is a great option for small businesses looking to simplify their coverage.
Investing in the right insurance coverage can mean the difference between a minor setback and a business-ending crisis. While every business has unique needs, these essential insurance policies provide a solid foundation for financial protection and peace of mind. Schedule a consultation with one of our agents at Edwards Insurance to customize a plan that fits your business’s specific risks and requirements. We’re always here to help!
Why Reviewing Your Policies Each Year Matters
Business Insurance, Homeowners Insurance, Umbrella InsuranceWhen was the last time you reviewed your insurance policies? If it’s been over a year, you might be overdue for an insurance checkup—and no, it’s not just a formality. Just like you visit the doctor for a yearly physical, giving your insurance a regular review helps ensure everything is still in good shape and aligned with your current needs.
Why Annual Insurance Reviews Matter
Life moves fast. In just a year, you might experience significant changes—some exciting, some unexpected—all of which can affect your insurance needs. An annual insurance review gives you the opportunity to make sure your coverage still fits your lifestyle and protects what matters most.
Life Changes That Could Impact Your Coverage
Here are just a few common life events that should prompt a policy review:
What to Review During Your Insurance Checkup
Your insurance review doesn’t have to be overwhelming. Here are a few things to look at:
Make It a Habit
Put a reminder on your calendar every year—perhaps around your policy renewal dates or at tax time—to sit down and reassess. Better yet, schedule a meeting with your Edwards Insurance agent. We can help you spot gaps, explain policy changes, and ensure you’re getting the best value!
An annual insurance review is more than a box to check—it’s a smart, proactive way to protect your family, your assets, and your peace of mind. Life doesn’t stand still, and your insurance shouldn’t either.
Need help reviewing your policies? Reach out—we’re here to help you navigate your coverage with confidence.
What to Do After a Car Accident: A Step-by-Step Guide
UncategorizedNo one ever plans to be in a car accident, but knowing what to do immediately afterward can make a big difference — for your safety, your claim, and your peace of mind. At Edwards Insurance Agency, we’re here to guide you every step of the way. Here’s what to do if you find yourself in a collision:
1. Check for Injuries
First and foremost, check yourself and passengers for injuries. If anyone is hurt, call 911 immediately. Your safety and health come first.
2. Move to a Safe Location
If the accident is minor and your car is still drivable, move it to the side of the road to avoid blocking traffic. Turn on your hazard lights to alert other drivers.
3. Call the Police
Even if the accident seems minor, it’s important to call the police and get an official report. This report can be crucial when filing an insurance claim.
4. Exchange Information
Gather key information from the other driver(s), including:
5. Document the Scene
Take clear photos of all vehicles involved, any damage, the surrounding area, and any relevant road signs or signals. If there are witnesses, ask for their contact information as well.
6. Notify Your Insurance Company
Contact your insurance agent or company as soon as possible to report the accident. Provide them with all the information you’ve collected. Our team at Edwards Insurance is always available to help guide you through the process.
7. Seek Medical Attention
Even if you feel fine, it’s wise to see a doctor. Some injuries may not be immediately noticeable. A prompt medical evaluation can protect your health and strengthen your claim.
8. Keep Records
Save all documents related to the accident, including the police report, medical bills, repair estimates, and correspondence with your insurance company.
9. Understand Your Coverage
Review your insurance policy so you know what is covered and what to expect. If you have questions, don’t hesitate to reach out to your Edwards Insurance agent — we’re here to make the process as smooth as possible.
Accidents can be overwhelming, but you don’t have to navigate them alone. We are here to be your partner in protecting what matters most. If you have questions or need to file a claim, contact us today. We’re always ready to help!
Business 101: Essential Coverage Every Small Business Owner Needs
UncategorizedRunning a small business is an exciting venture, but it also comes with risks. One unexpected event can lead to financial strain or even jeopardize the future of your business. That’s why having the right insurance coverage is crucial. While every quote is tailored to your business’s specific needs, there are few essential types of business insurance that every small business owner should consider.
General Liability Insurance
This is the most fundamental coverage every business needs. General liability insurance protects against claims of bodily injury, property damage, and personal injury (such as slander or libel). Whether a customer slips in your store or you accidentally damage a client’s property, this insurance helps cover legal fees and settlements.
Professional Liability Insurance (Errors & Omissions Insurance)
If your business provides professional services, this coverage is essential. Professional liability insurance protects against claims of negligence, mistakes, or failure to deliver a promised service. This is especially important for consultants, lawyers, accountants, and healthcare providers.
Workers’ Compensation Insurance
Most states require businesses with employees to carry workers’ compensation insurance. This coverage helps pay for medical expenses, lost wages, and rehabilitation costs if an employee is injured on the job. It also protects business owners from potential lawsuits related to workplace injuries.
Commercial Property Insurance
If you own or lease physical space, commercial property insurance is a must. It covers damage to your building, equipment, inventory, and furniture due to fire, theft, vandalism, or natural disasters. Even home-based businesses should consider this coverage to protect business-related assets.
Commercial Auto Insurance
If your business uses vehicles for deliveries, client visits, or transporting equipment, commercial auto insurance is necessary. It covers damages resulting from accidents, theft, or vandalism involving business-owned vehicles.
Business Owner’s Policy (BOP)
A Business Owner’s Policy (BOP) combines several types of essential coverage into one comprehensive package at a lower cost. This is a great option for small businesses looking to simplify their coverage.
Investing in the right insurance coverage can mean the difference between a minor setback and a business-ending crisis. While every business has unique needs, these essential insurance policies provide a solid foundation for financial protection and peace of mind. Schedule a consultation with one of our agents at Edwards Insurance to customize a plan that fits your business’s specific risks and requirements. We’re always here to help!
Why Bundling Auto and Home Insurance Saves You Money
Auto Insurance, home owners insurance, Homeowners Insurance, Save MoneyWhen it comes to protecting your home and vehicle, having the right insurance coverage is essential. However, did you know that bundling your auto and home insurance policies can save you money while also offering added convenience? Many insurance providers offer significant discounts for bundling, making it a smart financial decision for both individuals and families. Let’s explore the key benefits of bundling your auto and home insurance policies.
1. Substantial Cost Savings
One of the biggest advantages of bundling insurance policies is the potential for savings. Most insurance companies offer discounts for combining your auto and home insurance with them. This can lead to substantial savings on your monthly or annual premiums, helping you keep more money in your pocket.
2. Simplified Policy Management
Having separate insurance policies with different providers can be time-consuming and overwhelming. Bundling your policies streamlines the process, allowing you to manage your insurance coverage under one provider. This means fewer bills to track, a single point of contact for claims and inquiries, and an overall more efficient experience.
3. Increased Eligibility for Discounts and Perks
Many insurance companies offer additional perks to customers who bundle their policies. These perks can include lower deductibles, enhanced coverage options, or even loyalty rewards over time. Some providers also offer accident forgiveness or claim-free discounts when you have multiple policies with them.
4. Better Coverage Options
Bundling can also improve your coverage options. Insurers may offer combined deductible benefits, meaning that if a disaster affects both your home and car (such as a hailstorm or natural disaster), you only have to pay one deductible instead of separate ones for each policy. This can lead to major out-of-pocket savings in the event of a claim.
5. Improved Customer Service and Claims Process
Working with a single insurer for both home and auto coverage can lead to a smoother claims process. When both policies are under the same provider, they can coordinate claims more effectively, reducing paperwork and streamlining the resolution process. This is particularly helpful in stressful situations where fast and efficient service is crucial.
6. Financial Stability and Peace of Mind
Having both policies with a reputable insurance provider can give you confidence in your financial security. Knowing that your home and car are covered under one reliable company simplifies your financial planning and ensures that you’re protected against unexpected events.
Is Bundling Right for You?
While bundling offers many benefits, it’s always a good idea to compare rates and coverage options. Not every insurance provider offers the same discounts, and in some cases, keeping separate policies may be more cost-effective. Our agents will shop around and help you determine what the best policy options are for you!
Take the Next Step
If you’re looking to save money and simplify your insurance needs, bundling your home and auto policies is a great place to start. Contact us today for a free quote and see if it makes sense to combine your policies with a trusted provider. Protecting your home and vehicle has never been easier—or more affordable!