Month: January 2020

How Does Commercial Insurance Benefit Small Businesses?

Posted on by AgentInsure

Opening your own business is a huge undertaking, so it’s important to make sure it’s well protected with the proper commercial coverage. With all the expenses of operating your own business, though, you may be wondering what benefits there are to buying commercial insurance.  Our team at Mid Atlantic Insurance Financial wants to make sure small business owners in Laurel, MD get their businesses started on the right foot with commercial insurance individualized for your business.

Types of commercial insurance 

The type of commercial insurance that may be right for you depends on the type of business you’re operating. Types of commercial insurance policies include auto, liability, and property. Small business owners often choose to get a business package policy (called BOP), which includes liability, property, and business interruption insurance. This type of package protects your business from property damage, claims if someone is injured at your business, and expenses if your business must close for a period of time for repairs. 

Benefits of commercial insurance 

Commercial insurance, like all insurance, helps protect businesses from losses. You’re responsible for a lot more than just yourself when you’re a business owner and must consider protecting your customers as well as your employees. The state of Maryland only requires small business owners to provide worker’s compensation insurance, but it’s not enough coverage to protect your entire business in case of property damage, theft, or a car accident with a company vehicle.   That’s why it’s important to make sure your business is properly covered with the right type of commercial insurance.

Mid Atlantic Insurance Financial is here to help small business owners find the right type of commercial insurance policy.  Call or stop by our office in Laurel, MD to learn more about what insurance coverage is right for your business. 

Why Have Life Insurance before You Have Children?

Posted on by AgentInsure

Having a child can trigger a lot of financial changes in your life and reassessing your life insurance needs in Laurel, MD is important to do after you have a child. However, you could be losing money by waiting until after your child is born to get life insurance and it may be best to get a policy before your new baby arrives.

Life insurance in Laurel, MD goes up as you age. Being younger usually means being healthier so you can get cheaper life insurance policies. Even waiting just a few years can add $10 more per month. If you jump the gun and get life insurance many years before your first child is born then you are saving a lot of money in the long run.

Buying life insurance before you have children is even more important for a woman. Weight can affect your health insurance premiums and getting pregnant means weight gain and many women keep some of the weight on after pregnancy. Just because you’re pregnant, the life insurance company doesn’t take into to affect. They take the weight at face value, whether there is a baby or not. However, many life insurance companies will let you take a new medical exam after a year so if you can demonstrate weight loss, you may get lower premiums. An agent at Mid Atlantic Insurance Financial can help you with the requirements for the medical test. Pregnant women can also develop other health problems, such as high cholesterol and blood pressure, which can also increase premiums.

When you and your partner decide to actively start trying to have kids, also get life insurance. If your first child is more of a surprise, you want to get life insurance as soon as possible.

Contact Mid Atlantic Insurance Financial to get a quote on life insurance.