Insurance is really about protecting the things important to your life, both personal and business, against the unexpected. So, anytime you have significant events or changes in your life, it's time to think about your reviewing and updating your coverage. Here are some examples:
- A change in marital status
- A new baby
- New drivers in your household
- Kids going away to college
- A new job or starting a home business
- Changes in your income
- Paying off a car loan
- Buying a home
- Moving to a new apartment
- Home improvements
- Approaching retirement
- Purchasing jewelry, antiques, computer equipment or other expensive items
- Starting a new business
- Increase your workforce especially if you exceed 10 full-time employees (or the equivalent of).
- Seasonal increases in inventory
- Loss of employees to other companies.
- Expansion plans - equipment, vehicles or physical plant
- Business owner approaching retirement
- Most importantly, stay calm. Getting upset, or worse yelling and screaming, solves nothing. Even if the other person isn’t calm, you should remain calm.
- Don't move an injured person -- unless they're in immediate danger.
- Don't move your vehicle unless it impedes traffic. This alters the scene and could have negative impacts on a claim.
- Don’t leave the scene of an accident even if you are capable of doing so. Wait for the police to arrive as they provide an objective witness to the event, and wait for them to say its okay to go. If you leave because the other driver says its okay that won’t protect you if they later file for injuries. If you leave, they may not and you could be accused of a hit and run. Keep in mind that some injuries don’t show up immediately.
- Don't blame the accident on anyone -- including yourself. Give your full description of the accident only to the investigating police officer.
- Exchange information with the other driver. Immediately note the license plate number of other involved vehicles, color and model just in case someone refused to give you insurance information.
- Contact our office immediately – don’t assume we’ll find out another way. It’s always better to hear from you or someone you designate to call us.
Yes. This is called a “third party” claim. While other agents may provide some general advice, they generally won't help in processing the paperwork unless you have collision coverage.
At e.lig, we recognize that it may not make financial sense to pay for collision coverage on an older vehicle, and respect the decision to eliminate coverage to repair or replace your vehicle if you are responsible for an accident. However, you can still make a claim if your car is hit by another person and they are found to be at fault.
At e.lig, we're glad to help not only by providing guidance, but also helping you process the paperwork regardless of whether or not you have collision coverage. If you have a claim situation, our Client Support Associates are ready to assist you.
Please note: This assumes that the situation isn't a hit and run and that you are able to obtain the insurance information of the third party.
It means identifying the factors that are a financial or property risk for your business, then figuring out the best way to navigate those risks. Succeeding in business is all about managing risk. Insurance is one component of a risk management strategy -- but it is not the only solution.