Month: October 2023

Do Freelancers Need Commercial Insurance?

Posted on by AgentInsure

If you’re a freelancer, you know planning for the unexpected is important. Whether you’re just getting your start in the gig economy or you’ve been freelancing for years, protecting yourself is vital for both your peace of mind and your emotional well-being. At Mid Atlantic Insurance Financial, we’re proud to offer Laurel, MD residents various insurance policies to meet your needs. Here, we’ll explore whether you need to consider purchasing a commercial insurance policy to protect your interests as a freelancer.

What Type of Insurance Does a Freelancer Need?

Several different types of policies can be helpful for freelancers. General liability insurance can help to protect you against accidents, like if a client has a slip and fall issue when entering your office for a meeting. This type of policy can cover many potential incidents faced by freelancers. 

Do Freelancers Need Commercial Insurance?

In a word, maybe. Commercial insurance can provide additional protection and may be necessary if you own a business property. You may also want to consider commercial insurance if you regularly drive for your business and don’t feel comfortable with only using your auto insurance policy to ensure that you’re protected. Your insurance agent will be able to work with you to help you decide whether a commercial insurance policy is the right fit for your freelancing business.

Reach Out to Mid Atlantic Insurance Financial, Serving Laurel, MD, Today

If you’re a freelancer who is curious about what type of insurance coverage makes sense for you, we’re here to help! Contact Mid Atlantic Insurance Financial, serving Laurel, MD, today to learn more.

Four things consumers need to know about life insurance

Posted on by AgentInsure

Buying life insurance is one of the best things you can do to show that you’re looking out for your family in Laurel, MD. When you purchase life insurance from Mid Atlantic Insurance Financial, there are a few things you need to know.

The following are four things consumers need to know about life insurance. 

Consumers typically need to undergo a medical exam when they buy life insurance. 

Life insurance providers usually require a medical exam when a consumer signs up for one of their plans. These medical exams are meant to ascertain the policyholder’s health condition. 

If you don’t want to undergo a medical exam, you will have to look for policies that are specifically classified as no medical exam policies. 

Your life insurance policy can lapse if you miss a payment.

After buying life insurance, you need to prioritize paying your premiums. If you miss a payment, you may find that your policy lapses and your family is no longer protected. 

You can choose how much coverage to buy depending on the financial needs of your beneficiaries.

When you buy life insurance, you can choose how much you want the death benefit to be. The death benefit is the money that the policy pays out if you pass away and a claim is filed.

Consumers should do the math and determine a death benefit amount that will allow their beneficiaries to remain financially secure without the policyholder’s income. 

There are several types of life insurance available.

Available life insurance types include term life insurance, whole life insurance, and universal life insurance. It would be best to learn how each of these coverage types works before you choose a policy.

At Mid Atlantic Insurance Financial, we provide life insurance to consumers in Laurel, MD. Are you in the market for an insurance policy that will protect your family’s financial future? Call us today for a quote!