Who should get commercial insurance for their business?

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For people that aspire to be small business owners, Braselton, GA can be a great place to start an organization. Those that are here will enjoy the strong local economy and support for small local businesses. When you start your own small organization in this market, you need to make sure you get proper insurance coverage. Having this protection is needed in a variety of different situations. 

When Trying to Protect Financial Future

One of the main reasons that a business owner should invest in insurance for their company is that it can protect the financial future of the organization. If you choose to get a policy for your business, it will help to protect your business assets and mitigate liability claim risk. Ultimately, this could help to keep your company solvent if an accident occurs and you incur a loss. 

When Trying to Comply with Requirements

Another situation when a business will need to get commercial insurance coverage is when they want to comply with their insurance requirements. Any business today will have a variety of requirements that need to be met regarding insurance. If you get a full insurance policy, you can stay in compliance with insurance requirements set by your lender, investor, or other parties with an interest in your company. 

When you are going to get a commercial insurance policy in the Braselton, GA area, you will want to make sure that you get guidance and support provided by the team at Bingham Insurance Group. Those that work with Bingham Insurance Group to discuss their insurance needs can get the support that is needed to choose a policy that is right for you. The process will give you comfort that your organization is properly covered with insurance. 

Why You Need Home Insurance in Braselton GA

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For starters, home insurance in Braselton, GA is mandatory to secure a home mortgage. A bank will not give out a mortgage if the property is not insured. This is their collateral in case you stop paying your mortgage. There are many reasons why you need home insurance. At Bingham Insurance Group, we’ve outlined three of them here. Read on to learn more.

1. Liability Insurance

Think only businesses get sued when someone is injured on their property? The truth is that homeowners can also face liability. If someone is injured on your property and you don’t have home insurance, you will face hefty lawyer fees and court fees, all paid out-of-pocket. 

2. Fire Insurance

The last thing you want is to see your home or vacation home go up in smoke. But fires do, unfortunately, happen. Fire insurance is part of your standard homeowner’s policy and will help to recover the loss you ensue from a fire. Many policies will also put you up in a hotel while your home is being rebuilt.

3.Theft Insurance

To prevent theft it’s important to have a security alarm and outdoor lighting. Thieves tend to bypass houses with good security. However, even with the best of security, thieves still find a way to break in and steal what they want. If this were to happen to you, you can file an insurance claim to help recover your losses after you settle your deductible. 

To learn more about obtaining a home insurance policy for your home in Braselton, GA, contact the friendly and reputable team at Bingham Insurance Group, serving this area. Agents are standing by to take your call. 

What is included with renters insurance in Georgia?

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In the Braselton, GA area, you are going to have a lot of options when it comes to choosing housing. One form of housing that you may want to consider would be to rent your home. Those that are renters will enjoy having the flexibility of being able to move when their lease term is over and having fewer obligations when it comes to maintenance and repairs. If you do decide to rent a home, you will still have insurance needs. A quality renters insurance policy comes with several forms of coverage. 

Liability Protection

A renter will end up taking on many of the same liability risks as a property owner will. If your negligence leads to damage to the property, another unit, or even an injury of another person, you could be held liable. Fortunately, if you get a renters insurance policy, you can receive the coverage that you need to offset this risk. 

Protection for Personal Belongings

When you move into a new rental property, you will bring a lot of your personal assets. The value of these assets, which can include furniture, electronics or clothing will add up quickly. To ensure that your assets are properly covered and protected, you will need to get a full renters insurance policy. This will give you the funds necessary to repair or replace your assets if you incur a loss.

As you are looking for a new place to live in the Braselton, GA area, you should plan on discussing your renter’s insurance needs with the Bingham Insurance Group.  There are a lot of choices that come with picking a renters insurance and the Bingham Insurance Group can make the process easier to understand. When you do call them, they will offer you personalized guidance and assistance to ensure you remain covered at all times. 

Liability Insurance Myths Small Business Owners In Georgia Must Avoid While Researching Policies

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Bingham Insurance Group assists the Braselton, GA community through helping residents find the insurance coverage that they need to meet any challenges that may arise. We strive to make things easier for our clients and simplify the often complicated process of searching for insurance.

Liability Insurance Myths Small Business Owners Should Avoid

Liability insurance covers small businesses in the event that a situation arises. As a small business owner in the Braselton, GA community, you are trying to stand out from the competition in your industry. Liability insurance can help protect you against any potential threats that may jeopardize the future of your business. While you are researching different types of liability coverage, avoid these common liability insurance myths.

You Don’t Need Workers’ Compensation If You Have A Small Staff

Even if you have a small staff of employees, workers’ compensation is still an asset. You can’t predict the future and you may face serious consequences in the future if something happened to one of your employees. Plus, having workers’ compensation shows that you value the contributions of your staff, which helps improve morale.

I Don’t Need Special Coverage For My Business Vehicle

Many people make the mistake of thinking that they do not need special coverage for their business vehicles because they can use their personal auto coverage. If you were using your vehicle for business and unfortunately got involved in an accident, you would not be covered under your personal auto policy. In order to avoid being held liable, research coverage options regarding using your vehicle for business-related endeavors.  

I Don’t Need Coverage Because I Regularly Work From Home

Even if you primarily operate your business from home, liability coverage can still assist you. If you are going on a business trip and something happens, you will be left unprotected. Liability insurance helps cover you in the event that something happens while you are conducting business away from home.

Bingham Insurance Group Will Help You Secure Your Investment

For more information on liability insurance policies, visit our website today!

What are the benefits of motorcycle insurance?

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When you are in the Braselton, GA area, you are going to have the opportunity to enjoy many long sunny days. Due to this, owning a motorcycle could be a great option as it will provide you with a reliable mode of transportation that you will be able to enjoy most of the year. If you are going to purchase a motorcycle in this area, you need to get the proper insurance. There are several benefits that will be received if you get a motorcycle insurance policy. 

Receive Coverage for Asset

One important reason to get a motorcycle insurance policy is that it can give you coverage for your asset. When you purchase a motorcycle, you will want to be able to protect your asset. A great way that you can do this is by getting a full collision and comprehensive insurance policy. This type of insurance will ensure that you are covered for a variety of situations that could result in a loss.

Liability Protection

Another advantage of getting motorcycle insurance is that it can offer you valuable liability protection. Anyone that has a motorcycle will be at risk of causing an accident that leads to damages. If you get a full motorcycle insurance policy with liability protection, you will receive coverage that will protect against that risk. 

If you are looking for a motorcycle insurance policy in the Braselton, GA area, you will want to make sure that you speak with someone that you can trust. When you are looking for insurance in this area, the Bingham Insurance Group can be a great resource. When you call the Bingham Insurance Group, you can learn more about all of your options and needs. This will help to ensure that you and your motorcycle are fully covered by insurance. 

Some commonsense boat safety tips

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Owning a boat can be the source of endless hours of fun and relaxation, whether you like to go out on a lake to fish or hold a shipboard party in a nearby harbor for the weekend. But, like an automobile, a boat is a large motor vehicle, and so, as Bingham Insurance Group serving Braselton, GA is pleased to remind you, certain safety protocols should apply.

You should have your boat safety kit available, including life vests for all passengers. You can hope that you will not suffer a mishap that will cause you to abandon your boat, but being able to survive in the water until the Coast Guard or another boater rescues you is a good thing. A working radio with which to summon help would also be of use.

You should check the weather before going out. Nothing will ruin your outing quite like being out on the water in a storm.

You should maintain your boat properly, making sure that the engine runs as it is supposed to.

Do not overload your boat with people and equipment. Having your boat capsize is not only embarrassing but downright dangerous.

Use common sense while on the water. Do not go tearing around like a hot-rodder, endangering other boaters and swimmers. The same rules that apply to safe driving on the road in a car apply to safe boating. Be alert, as well, to other boaters who may be misbehaving.

Follow all of the safety procedures for anchoring when on the water and for docking when you return to the marina.

For information on boat insurance, feel free to contact Bingham Insurance Group serving Braselton, GA.

Umbrella Insurance: Who Needs It

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Are you unsure about umbrella insurance? Do you need it? To be truthful, it can benefit everyone, but it may not be extremely necessary for everyone. Umbrella insurance, who then needs it then? Bingham Insurance Group in Braselton, GA can shed some light on the subject.

What is Umbrella Insurance Exactly?

To put it simply, it is just an add on insurance policy onto what you already have that protects you in case you have a lawsuit filed against you. It can help as well in court costs and extra costs that your regular insurance policies may not cover. It can even include in cases where you are sued in slander or defamation cases. Here are some examples of where umbrella insurance covers you.

Scenario 1. You get into a car accident that involves extensive injury and damage to another person beyond what your auto insurance can cover. Plus, they file a lawsuit against you. Umbrella insurance has got you covered.

Scenario 2. Someone gets hurt on your property. Your homeowner’s insurance has you covered, but then they sue you. Umbrella insurance can help.

What umbrella insurance does not cover is:

  • Personal property damage
  • Criminal damage
  • Contract worker injuries.

Who Needs It?

It is recommended that umbrella insurance represents a sensible investment for anyone who possesses anything of value. But who would benefit the most? Who needs it? What if you rent a home or an apartment and travel by bus? Would umbrella insurance benefit you? Umbrella insurance may be a benefit to you if you:

  • Own/rent cars, boats, and other vehicles
  • Travel by driving frequently
  • Own dogs or exotic animals such as raccoons, alligators, snakes, etc.
  • Have a teen driver.
  • People that often host guests in their home or on their home property
  • Owners of rental properties
  • People with jobs that report on other people’s lives.
  • Youth sports coaches
  • Own weapons and guns

Most of these reasons may not make sense. What if your pet is as sweet as pie and wouldn’t hurt a fly. Animals are always unpredictable. What if sweet Fido turns grouchy one day due to a hidden illness and bites someone? They could sue you. Umbrella insurance will not sound foolish then. If umbrella insurance is curious to you, contact us at Bingham Insurance Group. One of your local Braselton, GA, representatives can help inform and set you up with a policy that works for you.

Pros and Cons of Private Flood Insurance

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Private flood insurance is an alternative to flood insurance offered by the Federal Flood Insurance Program (NFIP) for properties (both commercial and residential). In the US marketplace in 2019, private flood insurance represented over 30% of all private direct premiums in Special Flood Hazard Areas, including the city of Braselton, GA. To decide whether you need private flood insurance, it is vital to know its advantages and disadvantages. 

Advantages of Private Flood Insurance

Higher limits

One of the best advantages of private flood insurance for homeowners is that it offers higher coverage. While NFIP offers coverage up to $250,000 for the structure and up to $100,000 for personal belongings, private insurance companies offer homeowners twice that or even more. Therefore, private flood insurance is especially beneficial for properties valued above $350,000. 

Customizable Coverage

Unlike the federal program,  flood insurance offered by insurance companies can be tailored in order to fit the property. With private flood insurance, property owners have an option to add more coverage options, including coverage of damages landscaping, basement, outdoor furniture and decks, and other parts of the property that may be of value for clients. 

Faster and Easier Process

Obtaining private flood insurance is much faster and easier than NFIP.  Insurance agents are able to provide you with a quote and deliver coverage quickly and efficiently. The claim process with private insurance is also much faster and easier. 

Disadvantages of Private Flood Insurance

However, like any other type of coverage, private flood insurance has its disadvantages that you should be aware of: 

New and Untested

Private flood insurance is a relatively new and untested option that was extremely rare until 2014. For this reason, many mortgage companies might not accept private flood insurance. 

If you are searching for a policy that will match your needs perfectly, Bingham Insurance Group in Braselton, GA is ready to assist you. We personally look at every quote to make sure our clients get the right level of coverage. Contact Bingham Insurance Group today for a professional insurance consultation.

Life Insurance: Protection for Your Loved Ones

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There are a lot of great ways to protect your loved ones, and one of the best ways is through life insurance. At Bingham Insurance Group, we can help you choose the policy that’s right for you. The level and type of coverage are important, and different kinds of life insurance can work for your needs. If you’re in the Braselton, GA area, we’re here to help you find a policy you and your family can feel good about. We’ll also be happy to answer your questions because we know choosing an insurance policy isn’t always easy without the right help and support. You want to make sure you’re getting what you want, along with the peace of mind.

Our trained and dedicated agents will walk you through the options you have, and ask questions to help determine what level of coverage could be right for you. Protecting your family in the event of your death is very important, and that’s especially true if you’re typically the one to support your family. You’ll also want to revisit your policy if your life circumstances change, such as if you get married or have a child. That can affect the coverage level you’ll want to have for your insurance, and we can help you make the needed changes, so your family stays protected. Changing jobs or careers is another good reason to talk to us. We’re happy to help.

Reach out to us today at Bingham Insurance Group so we can work with you on a life insurance policy that will keep your loved ones adequately protected. We want all of our Braselton, GA clients, and their families to feel good about the services we can offer. With the right policy, you can increase your peace of mind and the level of security you provide to your family, as well.

Life Insurance: Protection for Your Loved Ones

Posted on by admin

There are a lot of great ways to protect your loved ones, and one of the best ways is through life insurance. At Bingham Insurance Group, we can help you choose the policy that’s right for you. The level and type of coverage are important, and different kinds of life insurance can work for your needs. If you’re in the Braselton, GA area, we’re here to help you find a policy you and your family can feel good about. We’ll also be happy to answer your questions because we know choosing an insurance policy isn’t always easy without the right help and support. You want to make sure you’re getting what you want, along with the peace of mind.

Our trained and dedicated agents will walk you through the options you have, and ask questions to help determine what level of coverage could be right for you. Protecting your family in the event of your death is very important, and that’s especially true if you’re typically the one to support your family. You’ll also want to revisit your policy if your life circumstances change, such as if you get married or have a child. That can affect the coverage level you’ll want to have for your insurance, and we can help you make the needed changes, so your family stays protected. Changing jobs or careers is another good reason to talk to us. We’re happy to help.

Reach out to us today at Bingham Insurance Group so we can work with you on a life insurance policy that will keep your loved ones adequately protected. We want all of our Braselton, GA clients, and their families to feel good about the services we can offer. With the right policy, you can increase your peace of mind and the level of security you provide to your family, as well.