Month: March 2023

Why It’s Crucial to Keep Your Life Insurance Policy Up to Date

Posted on by AgentInsure

Although no one ever plans on passing away sooner rather than later, it can happen to even the healthiest, most careful people. Life insurance can help ensure your loved ones are taken care of in the event of your untimely passing, but policies must be updated.

If you’re in or near Laurel, MD, and looking to purchase or upgrade a life insurance policy, we at Mid Atlantic Insurance Financial can assist you with all of your needs.

Avoid a lapse in coverage.

If you currently carry term life insurance (or plan to), it’s essential to know when your term date ends so you can make arrangements to either convert your policy to a whole-life alternative or choose a new term policy.

Even a short coverage gap can mean your family doesn’t collect a death benefit if the worst should happen. So to be on the safe side, always initiate new applications at least six months in advance, just in case.

Change is part of life.

People who lead relatively tranquil, low-key lives in Laurel, MD may think of their lives as unchanging, but this is never the case. Change is part of every life, no matter how quietly lived, and your life insurance should change to match.

Consider how your life circumstances have changed since you last updated your policy. For example, have you remarried (or considered it)? Are any of your children now grown or living on their own? Have you switched careers or accumulated more assets? Any of these possibilities (or similar) should trigger a review of your existing life insurance policy.

If you’re in the market for a life insurance policy or need to upgrade an existing one, you need the right insurance agency on your side. Contact us at Mid Atlantic Insurance Financial today, and let us know how we can help!

Top Three Liability Risks For Business Owners

Posted on by AgentInsure

Being a business owner can be hugely satisfying, but at the same time, there are also a lot of risks that come with it. At Mid Atlantic Insurance Financial, we make it our job to help business owners reduce these risks as much as possible in Laurel, MD, and the surrounding areas. Keep reading to learn about business owners’ top three liability risks. 

Employee Injury 

One of the most significant liability risks you will face as a business owner will always be the risk of employees getting injured while they are performing their work tasks. It is always your responsibility to provide a safe work environment for your employees. So, when they get injured, it is a reflection of the work conditions in many ways. It can also be a reflection on the training they have received. If an employee feels that you, as the employer, put them in unnecessary danger or risk of injury, you might be held liable. 

Customer Injury 

Another risk you will face is that of customers getting injured. Customer injuries can occur on your business property or as a result of your goods or services. You are 100% responsible for providing safe products and services and a safe place of business for customers to visit. You will almost always be held liable for any customer injuries. 

Property Damage

Another considerable risk is damage to your place of business or your equipment. When the damage of this sort takes place, you are liable for the expense of replacing or repairing the damage. If the damage is extensive, this could leave you with a devastating financial burden. 

If you want to learn about our commercial insurance policies to help protect business owners from these liabilities, please get in touch with us at Mid Atlantic Insurance Financial, serving Laurel, MD, and the surrounding areas.