What type of life insurance should I get in Maryland?

Life insurance continues to be a great form of insurance for people in the Laurel, MD area to consider. This type of coverage can provide financial support for those you care about if you pass away. When looking for this insurance, you will find multiple options to consider. It is essential to consider the benefits of these insurance plans.

Term Life Coverage

A type of life insurance to consider getting is term life coverage. This is a popular form of coverage that is customizable and characterized by the term length of the policy. The length of the policy can vary from just a few years to 30 years or more. You also will be able to select a set level of coverage. Once the term of the plan is over, the coverage will lapse.

Whole Life Coverage

Many people in this state who want life insurance will also consider whole life coverage. This type of insurance is good for someone that coverage for the rest of their life. An added benefit of it is that there is an investment and savings benefit. While the policy can cost more monthly, a portion of the payment goes into an account and builds with interest over time.

Getting life insurance if you are in the Laurel, MD area is always a good idea. When you are looking for this coverage here, you can find there are many factors to consider. The Mid Atlantic Insurance Financial team will give you any support you need when looking for coverage. Mid Atlantic Insurance Financial always takes a customized approach to building insurance to ensure you have the right plan for your situation.

Do I Need Commercial Insurance for My Small Business?

Small business owners often wonder if they need commercial insurance. We offer commercial and personal insurance policies at Mid Atlantic Insurance Financial in Laurel, MD. 

Do You Need Commercial Insurance?

Generally, the answer is yes if you think you may need commercial insurance. However, the type of coverage you need will depend on your business and the state you reside in. 

In some cases, you may be legally required to have a specific type of insurance. In other cases, commercial insurance is simply a wise way to protect your investment in your small business. 

Commercial Property Insurance 

If you own or rent a property to conduct your business, you will need commercial property insurance. This applies to stores, manufacturing facilities, and offices. 

This coverage protects the building structure and the property within the building. 

General Liability Insurance 

General liability insurance is a necessity for most small businesses. You are covered under this policy if someone is injured at your business. It also covers damage to other’s property while they are at your company. 

This also covers damage that occurs to someone’s property during the delivery of a product or service. 

Commercial Auto Insurance 

If your vehicle is commonly used to perform duties related to your business, you may need a commercial auto policy. If you conduct a service with your vehicle, transport people or goods, or if you transport heavy or expensive tools. 

Workers Compensation Insurance 

Maryland law states that you must have worker’s compensation insurance if you have one or more employees. This policy protects you from liability if an employee is injured on the job. 

Commercial Insurance with Mid Atlantic Insurance Financial

If you need commercial insurance in Laurel, MD, contact Mid Atlantic Insurance Financial. Our experienced agents will discuss your business needs and help you select the right policy for your needs.