Category: Insurance

As a business owner, you have invested a lot of time and money into your company. Nothing could be worse than to have that investment violated through a burglary. There are many things a business owner can do to better protect his business from this type of invasion. 

Illumination

One of the best first lines of defense against a break-in is illuminating your buildings well. Criminals want the cover of darkness in order to commit their crimes without notice. Make sure that your entire facility is well lit after hours. This will discourage most criminals from even considering your facility. Install lighting both inside and outside in order to keep all areas safe. 

Use Alarms and Safes

If you are keeping valuable merchandise or cash on the premises, you should use safes. Using a safe that cannot be easily removed from the premises is a great way to keep these items out of reach even in the event of a break in. This will greatly cut down on your loses should a burglar actually gain access to your facility. Even if you feel that you are operating in a relatively safe neighborhood, you should have alarms installed. These alarms are one of the best ways you can discourage burglars. The more sensitive the alarm is, the better chance you have of scaring off a criminal before he gains entry to your business. 

Hire Wisely

Even if you take all the right steps to keep people from breaking in, you must also be on the lookout for dangers from within your company. This is where your hiring process becomes a line of defense against criminal activity. Make sure your hiring process is stringent.  Only hire people you feel you can trust.

By protecting your company from break-ins you can increase your peace of mind and your bottom line in the long run. If you would like to learn more about how to protect your business contact Fida Insurance Group Monroe, CT.

Like every other state along the New England coastline, Connecticut can get hit with serious storms and cold winters. And your business can take damage from these kinds of incidents. Getting coverage for your business can keep you from taking on more liability than you can afford, and it can get you back in operation after an event occurs.

How Commercial Liability Insurance Works

Commercial liability insurance will give you coverage of customer injuries or property damage, which can protect you in case you’re in the middle of a lawsuit. And it includes medical expenses and legal fees. It’s the first policy that small businesses will get because they usually need it to sign a lease on a commercial property or get a customer contract.

You might think that you’ll never get sued, but it’s part of today’s business landscape. When a company gets sued, the costs can be crippling. And commercial liability insurance is a safety net that you shouldn’t live without. Be sure to speak to someone at Fida Insurance Group in Monroe, CT for more information.

Your Choice for Commercial Liability Insurance in Monroe, CT!

If you want to work with a solid provider of commercial liability insurance in Monroe, CT, Fida Insurance Group has a team of agents that can help you get the coverage you need. Not only can we get you a general liability policy, but we can also tell you about some of the other options that can protect you. If you want to find out how we can help you, feel free to contact our office today!

Life insurance is something that more people could benefit from if they just took the time to find the policy and policy type that worked best for them. For the most part, life insurance is only beneficial after death but there are a few different instances in which you can benefit from life insurance without passing. For those that live in the Monroe, CT area, the agents with Fida Insurance Group can help you to find the policy that is going to work best for you.

In most cases, those that have insurance policy can benefit from it without dying if there is an accidental clause included in the policy. Most accidental clauses include dismemberment. This means that if you lose an arm, leg, hand, or foot, you can cash out a portion of your life insurance to help pay for medical costs, time off work, or the time that it takes to get your disability in order. This is going to help you pay for those things that need to be paid since you are obviously going to be taking time off to recover.

This type of clause is not included in all policies and you should take the time to check with your agent to make sure that your policy does include an accidental clause so that you can collect if need be. You can also collect if you borrow against the value of your policy in the form of a loan. For this type of transaction, you need to check with the bank that you are borrowing from to see how the transaction works. For those that live in the Monroe, CT area, the agents with Fida Insurance Group can help you find the perfect policy for your needs.

To determine how much life insurance you need, consider where you are in your life. If your children are still at home or your spouse depends on your income for support, term life may be your cheaper option. However, if you are looking for potential income and an opportunity to borrow against your policy, whole life might be better. Agents at Fida Insurance Group in Monroe, CT can help you determine which policy is your best option.

Basically, your term life insurance premiums secure a death benefit for your loved ones if you die during unexpectedly during a certain time period, called a term. Whole life also provides a death benefit to beneficiaries. However, whole life insurance also offers a cash value that you can use or that increases the death benefit. 

Term Life Insurance

Term life insurance has no cash value. While the policy is active, a death benefit goes to your survivors if you die. If the policy expires while you are still alive, no death benefit is paid. This makes term life cheaper than whole life. Many parents buy term life while their children are young. In 20 years, or whenever the policy expires, the kids have finished college and can support themselves, so the need for life insurance diminishes. Ask your Fida Insurance Group representative in Monroe, CT to set up an appointment to obtain a quote.

Whole Life Insurance

Whole life insurance protects you until you pass away. For a much higher premium, you ensure that your loved ones receive a payout upon your death. In addition, the policy accumulates cash value that is available for loans. Some use this as a retirement planning tool since you can borrow against the cash value in an emergency.

How much life insurance you buy will depend on how much you want to leave to your survivors as well as how much you can afford the premiums. Call Fida Insurance Group in Monroe, CT for advice on how much life insurance to purchase or come to the office to receive a quote.

Each day, people come in and out of your business. Therefore, having general liability insurance from Fida Insurance Group is a good idea since any accident that happens in your business premise is considered to be your responsibility. However, there are many things that general liability insurance under commercial insurance does not cater for in Monroe, CT which include;

Property damage

Take a scenario where you own your restaurant in Monroe, CT. You need to finish some tasks and have to work late night then, unfortunately, there is a storm brew.  There is a strong wind which blows everything in your kitchen and all the cakes, and other foods are obliterated into a mess and utensils litter all over the floor.

General liability insurance will not cater for such kind of damages. It only pays for third-party property damage. This means that it pays for the damages caused by your employee to another person’s property and you will, therefore, need to buy a commercial property insurance to cater for your property damage.

Employee injuries

If your employee is injured while working for you, you cannot turn to general liability insurance for payment. You will need workers’ compensation insurance for such case to pay for the employee’s medical bills. General liability insurance can only cater for the non-employees injuries.

Employment disputes

In your business, you need many employees to fill different dockets so that they can share the workloads and maximize production. There could be a dispute between you and the employee whereby you may feel like the worker is not fulfilling his/her duties. For this reason, you decide to cut the employee’s pay, and the employee decides to sue you and makes false accusations against you. You will need employment practices liability insurance since general liability does not pay for such cases. 

Get general liability insurance from Fida Insurance Group to keep your visitors and neighbors protected and give you a financial security to help you keep everything that happens in your commercial premises under control.

It’s difficult to think about what might happen to your loved ones after you’re gone. In order to reduce risk, get the proper amount of security for your family’s needs. Fida Insurance Group in Monroe, CT urges you to talk with the independent agents about securing life insurance to help you and your family.

Types of Life Insurance

1. Term Life – is determined by a specific number of years. For example, you can enroll in a policy that has a 10-year term, 20-year term, or more. It is generally less expensive with fixed premiums. Term life insurance is normally used to replace income and can only be paid out if you die during the specified term. Once the term is up, you should contact your insurance agents to adjust your policy so you won’t lose coverage.
2. Whole Life – is fixed coverage that remains during the life of the policyholder as long as the premiums are paid. Usually, these premiums are higher than term life insurance because they are available for a longer period of time. Whole life insurance typically matures after 15 years, which indicates that your beneficiaries may be able to collect after the premiums have been paid for 15 years.
3. Universal Life – is designed to cover your family’s needs. You pay into an account where interest is accrued each month. It can be utilized to cover income, educational expenses, and mortgage costs. Universal life insurance is more flexible than other types of coverage since you can change the amount of premium that goes into the account.

It is up to you to make sure that your life insurance policy is up-to-date. You should review your policy regularly. If you need to make adjustments, the independent insurance agents at Fida Insurance Group in Monroe, CT can help you add or change your coverage.