Laurel MD

Choosing the Right Health Insurance Plan for Your Employees

Posted on by AgentInsure

If you’re a Maryland business owner, you’ll need to purchase commercial insurance to protect your business assets. It’s natural to have questions about the types of insurance that are right for your company. Our team at Mid Atlantic Insurance Financial invites all business owners in the Laurel, MD area to discuss their insurance policies with us. We’ve been working with companies like yours since 2005.

Choosing the Right Health Insurance Plan for Your Employees

There are several types of insurance your company will need. For example, you’ll need workers’ compensation insurance and health insurance to help care for your employees. According to Monster, before selecting your health insurance policy, consider sending a letter to your employees that includes a needs assessment for their health insurance requirements. Once you identify the needs of your employees, you can decide which type of policy to offer.

When selecting a health insurance policy, consider the costs your employees will pay and the amount your company will contribute for each enrolled employee. Our team can show you a wide range of health insurance policy options. These policies feature varying deductibles and copayments, which must be met before your employees’ healthcare expenses are covered.

Call Us for Your Appointment Today

We are a family-owned and operated insurance company. Our team at Mid Atlantic Insurance Financial has been dedicated to providing excellent client support and service for over 20 years. Companies in the Laurel, MD area have come to rely on the insurance guidance our team provides. Call us today to schedule an appointment, and let us have the privilege of working with your company.

Can I Add Individuals to My Auto Insurance Policy?

Posted on by AgentInsure

Adding someone to an existing auto insurance plan can feel daunting if you’ve never done so before. However, in Laurel, MD, it’s typically permitted to add individuals to an auto insurance policy based on their relationship with you and their location. At Mid Atlantic Insurance Financial, we can help guide you to find the right solution anytime you need to add a rider to an existing insurance policy.

Adding an Individual to an Existing Policy

Once you’ve decided to add an individual to an existing auto insurance policy, you’ll need to:

  • Contact: Reach out to your agent or insurer to discuss adding the licensed driver you’re interested in.
  • Information: Provide basic details about the individual, such as their license date and birthdate.
  • Review: Assess potential premium impacts and explore bundling discounts for good drivers or students.

How Adding Individuals Impacts Premiums

Inexperienced or young drivers may cause your rates to rise. Drivers with a history of DUIs or other driving-related incidents may also lead to higher premiums. However, adding additional vehicles—especially newer ones—may provide an opportunity to take advantage of a multi-car discount.

To avoid rate hikes, claims denials, or gaps in coverage, it’s important to list licensed drivers living at your Laurel address on any existing policy. Always work with your agent to make changes to add-ons or riders.

Knowing how to add individuals to your auto insurance policy successfully gives you peace of mind, knowing those in your household are protected while driving. With the right insurance plan, it may also be possible to take advantage of lower combined rates. To learn more about adding individuals to your auto insurance policy in Laurel, MD, contact Mid Atlantic Insurance Financial today.

How to Get A Home Insurance Quote Before Home Purchase

Posted on by AgentInsure

Buying a home is exciting, but it also comes with a lengthy checklist of tasks, and one of the most important is securing insurance through Mid Atlantic Insurance Financial, serving Laurel, MD. Many buyers in Maryland don’t realize they can (and should) get a home insurance quote before they close on the property. Doing so can save headaches later and help you budget accurately for your new monthly expenses.

Why You Need a Quote Early

Mortgage lenders typically require proof of insurance before they finalize your loan. By getting a quote ahead of time, you avoid last-minute delays at closing. It also provides a clearer picture of what your future monthly payment will look like when property taxes and insurance are combined. Knowing these costs upfront helps prevent surprises.

What You’ll Need to Provide

To obtain an accurate quote, your insurance agent will request details about the home, including its age, square footage, roof type, and any special features. They might also want information on recent upgrades, security systems, or proximity to fire hydrants. If the seller has a current policy, you can often obtain these details from them or through your Realtor, which speeds up the process.

Benefits of Shopping Around

Don’t settle for the first quote you receive. Different companies assess risk in different ways, resulting in premiums that can vary widely. By comparing multiple quotes, you can find a balance between solid coverage and a price that fits your budget. Working with a local insurance agent in Maryland, such as Mid Atlantic Insurance Financial, can also give you access to carriers who specialize in your area.

Securing a quote before you purchase helps you feel confident moving forward, knowing your investment will be protected. Talk with an experienced agent at Mid Atlantic Insurance Financial, serving Laurel, MD, who understands local risks and can tailor a policy to your new home so that you can enjoy it worry-free from day one.

Can I Buy Life Insurance on a Non-family Member?

Posted on by AgentInsure

Can You Insure Someone Outside Your Family? Here’s What You Need to Know

While most life insurance policies are taken out on close relatives, there are situations where it makes sense to insure someone outside your immediate family. In Maryland, this is possible—but only if certain conditions are met. The key factor is whether you have a financial reason for the coverage. Mid Atlantic Insurance Financial, serving Laurel, MD, can help you navigate this process.

It All Comes Down to Financial Ties

To purchase a life insurance policy for someone, whether they’re family or not, you must demonstrate “insurable interest.” This means you would be financially affected by that person’s death. For example, if you rely on a roommate’s income to split rent or co-own a small business with a longtime friend, you may qualify. The relationship doesn’t need to be personal; it just needs to involve financial dependency.

Consent Is Mandatory

No matter who you want to insure, you cannot do so without their knowledge or consent. The person must agree to the policy and typically undergo a medical exam or answer health-related questions. These requirements exist to prevent abuse and ensure transparency between the policyholder and the insured.

Common Non-Family Scenarios

Insuring non-family members is more common than you might think. Business partners often insure each other to protect their company. Legal guardians may take out policies on caregivers. Even landlords and tenants sometimes explore this option when there’s shared financial risk.

Let a Licensed Agent Guide You

If you’re in Maryland and unsure whether your situation qualifies, start by consulting a licensed life insurance agent at Mid Atlantic Insurance Financial, serving Laurel, MD. They can help determine if there’s a valid financial interest and guide you through the process. When done correctly, this type of policy isn’t just legal—it’s smart planning.

Insurance for Registered Family Childcare Providers

Posted on by AgentInsure

If you are a small business owner in Maryland, it’s essential to protect your business with commercial insurance. Many small business owners have questions about insurance. If your business is near Laurel, MD, our team at Mid Atlantic Insurance Financial can help explain your options in a way that empowers you to make informed decisions. We’ve been working with businesses like yours since 2005.

Insurance for Registered Family Childcare Providers

According to the Maryland Insurance Administration, if you are paid to provide family childcare in your home, your services are considered a small business. Therefore, you need commercial insurance. Standard homeowners’ insurance or auto insurance won’t cover claims made against you or your staff. Speak with one of our experienced agents to apply for small business liability insurance.

Before applying for small business liability insurance, you must register your family childcare services with the State of Maryland. The Maryland Department of Education provides information on how to apply for registration. Once registered, you can discuss your insurance needs with one of our agents. If you transport children in your vehicle as part of your services, you will need commercial auto coverage for those activities.

Contact Us Today for Assistance

Small business owners understand that the size of their business doesn’t reflect the size of their dedication to it. Our team at Mid Atlantic Insurance Financial can help you navigate Maryland’s laws and ensure your business is properly protected. Businesses in the Laurel, MD area trust our advice and rely on us for exceptional client support. Contact us today to schedule an appointment and let us help you safeguard your business.

Big or Small Commercial Insurance is the Security Every Business Needs

Posted on by AgentInsure

The concerns of a small business owner often differ significantly from those of a large business owner. However, regardless of whether you’re a small, mid-size, or large business owner, commercial insurance can provide the protection every business needs. That’s why business owners from the Laurel, MD area rely on the experienced team at Mid Atlantic Insurance Financial for all their commercial insurance solutions.

Commercial Insurance: Essential Security for Businesses of All Sizes

For small businesses, commercial insurance could mean the difference between shutting down or surviving a major claim or operational issue. For mid-sized companies, commercial insurance solutions can often be the key to navigating problems and mitigating losses. Large businesses typically rely on insurance solutions to manage potentially costly or problematic issues.

No matter the type or size of your business, commercial insurance offers benefits that can make a significant difference. That’s why it’s beneficial for business owners to work with experienced and professional agents who can assess your business needs and protect your company with the right commercial insurance solutions.

Commercial Insurance Solutions for Business Owners in Laurel, MD

We can assist if you’re a business owner in the Laurel, MD area and have questions or need commercial insurance. Contact us to learn more and schedule an appointment with our friendly and helpful Mid Atlantic Insurance Financial team today. Regardless of your business’s size, commercial insurance is the security every business needs.

Should I Notify Beneficiaries About Life Insurance Policy?

Posted on by AgentInsure

When you secure a life insurance policy, you’ll need to designate a beneficiary or beneficiaries. These are the individuals who will receive the payout upon your passing. While it’s not a pleasant thought, having a life insurance policy through Mid Atlantic Insurance Financial serving Laurel, MD can provide peace of mind, knowing that you’re leaving something behind for those you care about most. Once that’s done, you need to decide whether to inform your beneficiary about your choice. So, should you notify beneficiaries about your life insurance policy?

The Wisdom of Informing Beneficiaries

While there’s no legal requirement to inform your policy beneficiary, it’s often a wise decision. Without knowledge of the policy, beneficiaries may face unnecessary delays or even fail to claim the benefits altogether. Ensuring they have the necessary information can prevent confusion and streamline the process when the time comes. It may also alleviate concerns about covering your final expenses.

The Significance of Notifying Beneficiaries

Many life insurance policies go unclaimed simply because the intended recipients are unaware of their existence. If beneficiaries don’t know about a policy, they may not take the necessary steps to file a claim, leaving the payout unclaimed. Informing them in advance eliminates this risk and helps ensure that the financial support reaches them as intended. Additionally, discussing the policy can prevent potential disputes among family members who might otherwise be uncertain about the distribution of benefits.

Contact Mid Atlantic Insurance Financial, serving Laurel, MD, for assistance with all your life insurance needs. Notifying beneficiaries about a life insurance policy is a responsible step that helps ensure they can access the benefits without complications.

How Auto Insurance Supports You After an Accident

Posted on by AgentInsure

Accidents can occur when you least expect them, often leaving you feeling overwhelmed. That’s where having the right auto insurance comes into play. Mid Atlantic Insurance Financial provides auto insurance products to residents in and around the greater Laurel, MD region. We understand how stressful it can be to navigate the aftermath of an accident. That’s why our auto insurance policies are designed to give you the support you need when you need it most.

Financial Protection for Repairs

One of the biggest concerns after an accident is the cost of repairing your vehicle. Whether it’s a minor fender bender or something more serious, repair bills can quickly add up. Auto insurance helps cover these costs, so you’re not stuck paying out-of-pocket. With the right coverage, you can get back on the road sooner without the financial strain.

Help with Medical Expenses

If you or anyone involved in the accident is injured, medical bills can become a significant burden. Auto insurance can step in to cover these costs, depending on your policy. This ensures that you and others receive the care needed without worrying about how to pay for it.

Peace of Mind Through Liability Coverage

Accidents don’t just affect your car—they can impact others, too. If you’re found at fault, liability coverage can help pay for damages or injuries to the other party. This protection not only supports you financially but also helps prevent legal complications.

It’s good to know you’re covered when life throws you the unexpected. Contact Mid Atlantic Insurance Financial in Laurel, MD today to learn more about how our auto insurance policies can protect you and your peace of mind. Let us help you stay prepared for whatever the road may bring.

Options For Insuring A Home-Based Business

Posted on by AgentInsure

As the lines between the workplace and home continue to blur, it’s crucial to understand the need for separate insurance coverage for home-based businesses. While most people understand the importance of keeping their home and business finances separate, the same isn’t always true for their insurance policies. If you live in or near Laurel, MD, consider the Mid Atlantic Insurance Financial team to create your home and business insurance plan.

Work-from-Home and Insurance

Although home-based businesses vary greatly, nearly every one requires office electronics and furniture. Many also need supplies, inventory, tools, and storage space. As your business grows, so does the value of these materials and the need to protect them financially. This growth also brings other business insurance requirements.

Home insurance protects personal assets, not business assets. Most home policies only cover $2,500 in business assets. If the business assets in your home exceed $2,500, you need commercial insurance to safeguard them, and you likely have other commercial insurance needs.

Small home businesses can add a rider to the home policy, doubling the business asset coverage to $5,000. If you have more assets or professional, business liability, or other commercial insurance needs, you must take additional steps.

Companies with less than $250,000 in revenue can obtain in-home business insurance covering property, liability, and other commercial insurance elements. A Business Owner’s Policy (BOP) is suitable for many businesses with $250,000+ in revenue and can include Workers’ Compensation and other coverage.

Working with Mid Atlantic Insurance Financial

The Mid Atlantic Insurance Financial team serves homeowners and businesses in the Laurel, MD area. We can help create an insurance plan that meets your needs. Call (301) 604-4444 today to schedule an appointment.

The Top Risks Small Businesses Face: How Commercial Insurance Can Help

Posted on by AgentInsure

Commercial insurance is an essential tool to shield your small business from various risks. If you’re in the Laurel, MD area, Mid Atlantic Insurance Financial is here to help you find the coverage you need to maintain a robust and protected business. Whether you’re just starting or have been in business for a while, here are some significant risks you may encounter.

Business Interruptions

Business interruptions can occur for many reasons, and smaller businesses often face more challenges in recovery. However, with the right insurance coverage, you can receive the support you need during the interruption, enabling you to bounce back stronger and avoid falling behind.

Property Damage

Similar to residential policies, commercial policies can protect your business in the event of property damage. Significant damage to your company’s property can hinder your ability to continue serving your customers or clients. Therefore, it’s crucial to have comprehensive coverage that can help restore your business.

Professional Errors & Advertising Issues

Depending on your business type, you may need coverage to protect you from claims of professional errors or false advertising. Collaborating with an agent to ensure you have the right policy can help your small business mitigate risks and continue to grow.

Secure Coverage From a Trusted Agent

Contact us today at Mid Atlantic Insurance Financial if you’re in the Laurel, MD area and seeking a commercial insurance policy. The right coverage can protect you from various types of loss, allowing you to operate your small business with confidence and peace of mind. Our agents are here to help you secure a policy that meets your company’s needs.