Every Business Needs Protection – Commercial Insurance Provides It

Are you a business owner in or near Orleans, IN? Does Commercial Insurance cover your business? The Busick Insurance Agency LLC can provide the coverage your business should have.

Businesses should have insurance coverage because it helps cover the expenses associated with liability claims and property damage. Without this coverage, business owners may have to pay out-of-pocket for expensive damages and legal claims against their business.

Business insurance coverage helps to save you time, money, and stress. It protects your company from damage and provides benefits for your employees. What types of insurance should your business have?

  • Business income insurance
  • Commercial property insurance
  • Data breach insurance
  • Workers’ compensation insurance

Most states require a small business to have insurance coverage. Without it, a company faces risk if:

  • A customer or client gets hurt at your place of business and sues you
  • A fire destroys your inventory or building
  • A computer containing your client’s personal information has been stolen

Most states require workers’ compensation. If an employee suffers a work-related illness or injury, it will provide benefits such as:

  • Funeral benefits
  • Lost wages
  • Medical care

Understand that workers’ compensation benefits are different than unemployment insurance benefits.

Business insurance will protect your customers with a BOP or a business owner’s policy. This policy combines business property and business liability coverage into one to help protect your business from the following:

  • Bodily injury
  • Personal and advertising injury
  • Product liability
  • Property damage

Data breach insurance protects your business and customers if a security breach occurs. It will help to pay for the following:

  • Identity protection solutions
  • Legal fees
  • Liability
  • Public relations

Busick Insurance Agency LLC, serving the Orleans, IN area, can provide a quote or answers to your questions. Contact us today and find out what they can do to help protect your business.

Do Stay-At-Home Parents Need Life Insurance?

Life insurance is not a legal requirement for Orleans, IN residents, but many voluntarily choose to invest in this financial instrument for its benefits. A question often asked is whether a stay-at-home parent needs to consider this indemnification. 

Suppose you or your spouse is currently staying at home. In that case, a life insurance policy can help ensure that burial costs are taken care of, alleviating your family of this financial obligation at a difficult time. A one-income family can sometimes be disadvantaged when trying to save for these contingencies. 

The parent, who is the children’s primary caretaker, provides many needed services that are difficult to replace. Their passing will usually create immediate uncertainty with scheduling, as the breadwinner will still have to maintain their job and working hours. Your knowledgeable Busick Insurance Agency LLC can answer your specific questions as to the types of coverage we offer. 

Driving children to school and other activities, along with evening childcare, will need to be carried out by someone else. A death benefit can help bereaved spouses juggle these responsibilities after their partner’s death. Meal preparation, cleaning, homeschooling, and laundry, are other tasks that may need to be outsourced as well.

Educational costs can also be paid for with life insurance, benefiting children into the future. This can be a way for a stay-at-home parent to generate an inheritance for their offspring. You may want to calculate the projected costs of maintaining your current or expected family size should your partner pass away. 

Busick Insurance Agency LLC Can Help You

We serve those living in and around Orleans, IN, and can personalize an insurance package to meet you and your family’s needs. Contact us by browsing our website, calling us on the phone, or meeting with us in the office. 

Why does an Orleans business need to have commercial insurance?

If you want to become a small business owner, finding the right place to open up and run the company is a crucial choice. A great place where you can run a successful business continues to be Orleans, IN. If you want to start a business here, having the right insurance needs to be a top priority. There are various reasons why a company here should always have commercial insurance. 

Insurance is the Best Way to Protect Business

An important reason for any company in this part of Indiana to get a commercial insurance plan is that it is the best way for a company to protect itself. A commercial insurance policy offers various important and helpful forms of insurance coverage. This includes coverage if the company is named liable for an accident, if assets are stolen or damaged, or if another covered loss is incurred. This can help to protect the future viability of the business.

Insurance is Often Mandatory

A company in this area should also have commercial insurance as it could be mandatory for them to obtain it. It is very common for a small business to enter into various agreements and contracts that would require insurance. If you do not have insurance, it could put the company in violation of lease agreements, loan agreements, and various other contracts. 

A business in the Orleans, IN area must obtain the correct type of insurance. If you are looking for a commercial insurance policy here, it would be wise to call Busick Insurance Agency LLC. The team with Busick Insurance Agency LLC understands the value of commercial coverage and could help you build a new policy. This can help ensure you will have proper insurance for your organization. 

How to Prepare Your Car for Winter Weather

Winter weather can be tough on your car. From freezing temperatures to dangerous road conditions, taking care of your vehicle is essential. Luckily, there are some easy steps you can take from Busick Insurance Agency LLC to prepare your car for winter weather in Orleans, IN.

Pack a winter weather emergency kit for your car

In a winter weather emergency, it is crucial to have a winter weather emergency kit in your car. This kit should include items such as a shovel, ice scraper, bag of sand or salt, jumper cables, flashlight, and extra batteries. Having a blanket, extra clothes, and non-perishable food items in your kit is also a good idea.

How to prepare your car for ice and snow

In the winter months, it’s essential to have tires with good tread to grip the road. You may even want to consider getting winter tires. Second, make sure your windshield wipers are in good shape. You don’t want to be caught in a snowstorm with wipers that don’t work. Third, keep your gas tank at least half full. This will help keep your engine from freezing.

How to prepare your car for freezing temperatures

When preparing your car for freezing temperatures, you’ll want to do a few things to ensure it can handle the cold weather. First, check your oil level; if it’s low, top it off. You’ll also want to check your coolant level and add more if it’s low. In addition, it’s a good idea to get your battery tested to ensure it’s strong enough to start your car in cold weather.

As the weather gets colder and winter approaches, it’s essential to make sure you’re prepared. At Busick Insurance Agency LLC in Orleans, IN, we can help you ensure you have the right auto insurance to protect you in case of any accidents or weather-related issues. Give us a call today to learn more!

Ways to Cover a Home-based Business on Your Home Insurance

At Busick Insurance Agency LLC, serving Orleans, IN, we want your home-based business to receive the excellent coverage that your home does from its home insurance. You might think you need a separate policy, but you don’t.

Rider or Endorsement

Home-based business owners can add a rider to their home policy that covers their business’s equipment, inventory, and business liability. Doing this makes purchasing insurance easy.

You will need a separate policy if you eventually move your business outside of your home to an office. Still, until then, you can add an endorsement or a rider to your policy for your business.

 A rider protects your business for up to $5,000. It typically covers the business equipment and may also extend to the inventory.

An endorsement provides more comprehensive coverage than a rider. With an endorsement, you customize the coverage provided to cover business inventory or equipment fully.

Which do you need?

Meeting with an insurance agent can answer this question for your specific business, but typically, small companies with less than $5,000 in income annually can use the rider. Already established businesses that earn a business income of a normal annual salary in the US or greater would require an endorsement. So, if your business pulls in $18,000 per year or more, you’d need the endorsement.

Other factors also influence the choice, such as what other insurance you already own. Whether your business carries physical inventory also influences whether you obtain a rider or an endorsement.

Contact Us

Contact Busick Insurance Agency LLC, serving Orleans, IN, today to learn about covering your home business under your home insurance policy. Call or email us today.

Types of available Medicare insurance

Retirement and old age come fast. Turning 65 years old means that you can start receiving your Medicare insurance. There are choices to make, and making the right choice is very important. At Busick Insurance Agency LLC in Orleans, IN, we are here to help with this critical decision.

Original Medicare

Original Medical is Part A and Part B. This is the Medicare that your parents and grandparents had. Hospital insurance is Part A, and medical insurance is Part B. Any doctor who accepts Medicare is available to you. The plan pays 80% of reasonable charges. This type of Medicare does not have any prescription drug coverage. 

Medicare supplemental policy

A Medicare supplemental policy is something that you have to get on your own to cover the 20% copay. Different carriers offer it, which is not price-controlled, so your insurance will get higher as you get older. 

Medicare Part D (Prescription coverage)

If you choose original Medicare, you must get a Medicare Part D policy for prescriptions. Even if you don’t have any prescription drugs, it is wise to get coverage anyway. If you don’t, you will pay more forever when you do decide to get it. It increases yearly, making joining as soon as possible a good idea. 

Medicare Part C (Advantage)

You can choose Medicare Part C, known as Advantage, instead of Original Medicare. It is managed by an insurance company and offers many benefits. Many include prescription, dental and vision coverage. You also don’t pay 20%. Some plans include health club memberships, OTC allowance, and even home meal deliveries. 

Contact Busick Insurance Agency LLC in Orleans, IN to sit down and discuss what type of Medicare coverage is right for you.

Protect Your Vehicle with Auto Insurance in Indiana

To protect your vehicle, you need auto insurance. You’re required by law to have it in most states, which saves you financially if you’re in an accident. In Orleans, IN, coverage for your car, truck, or SUV is easy to find and relatively affordable.

Why Insure Your Vehicle in Indiana?

If you live in Indiana, auto insurance is required by law. The state requires all drivers to carry liability insurance, which pays for damages if you’re at fault in an accident. It’s a good idea to have more than the minimum coverage, though, because it will pay for your repairs if you’re in an accident that wasn’t your fault.

Insurance companies offer different levels of coverage, so you can choose the amount of protection that’s right for you. The more coverage you have, the higher your premium will be. But it’s worth it to have peace of mind knowing that you and your vehicle are protected.

Your Busick Insurance Agency LLC representative can help you determine the right coverage for your needs.

What Does Auto Insurance Cover in Indiana

Auto insurance in Orleans, IN covers a variety of things. The most important coverage is liability, which pays for damages if you’re at fault in an accident. It also covers your repairs if you’re in an accident that wasn’t your fault.

Other types of coverage include collision, which pays for damages to your vehicle; comprehensive, which covers damages from weather or theft; and medical payments, which pay for your medical bills if you’re in an accident.

Additions to your policy, such as roadside assistance or rental car reimbursement, can give you greater peace of mind.

Your Busick Insurance Agency LLC representative is available to answer any questions about auto insurance coverage.

What Is Not Covered By Renters Insurance?

Renter insurance policies do not cover the cost of replacing your property if it is damaged or stolen beyond the limits of your policy. They also do not cover any costs associated with liability if someone is injured or if there is property damage due to something you (or someone on your policy) did. For questions in Orleans, IN, contact Busick Insurance Agency LLC.

Things Renters Insurance Doesn’t Cover 

Renter’s insurance does not cover trips, medical expenses, or lost or stolen items. It also does not cover situations such as natural disasters. If you are looking for coverage for these events, you may want to purchase a different type of policy. 

Renter’s insurance is not designed to cover everything that could happen in your home. 

  • Jewelry and work equipment are covered only up to a certain amount 
  • Computer and phone are not covered if they are stolen
  • Clothes are only covered if they are stolen. 
  • Broken pipes are not covered if you do not have insurance for them. 
  • Broken windows are covered if they are due to weather. 
  • A hacked computer or a ransomware attack on your computer isn’t covered. 
  • Climbing on rooftops or antennas

Consider buying additional liability insurance if you have a dog or cat. People who own pets know how much they mean to the family, but they may not realize that a pet can be a liability if it bites someone. While renters insurance is integral to protecting your personal assets, it does not cover every risk. 

Bottom Line 

While most standard policies will cover your personal property if stolen or damaged, they may not cover certain activities. Renters’ insurance doesn’t cover the property if you use it to generate income (such as operating a business out of your home). Also, not catered are using your property to grow or produce illegal substances or keep animals that cause damage or injury. Call Busick Insurance Agency LLC if you’re stuck with questions in Orleans, IN.

Own a business in Indiana? Here’s the insurance info you need

Busick Insurance Agency LLC is here to help the Orleans, IN business community with all of its insurance needs. Several comprehensive commercial policies are available in our area, and we are here to help you find the solution that best meets your company’s needs. Give us a call today and schedule a consultation to learn more.

Business insurance needs to consider

Owning a business, no matter the type, requires a lot of hard work and determination. If you want to make sure that your firm has the protection it needs, here’s some useful info for you:

  • Inventory – when calculating your inventory protection amount, be sure to use the highest level of inventory that you carry. This is especially important for seasonal businesses.
  • Commercial fleets – if you rely on a fleet to keep your business moving, be sure that it has the proper protection. And, if your employees sometimes use their own vehicles while on the job, you’ll need protection for that.
  • Business interruption – if your business goes offline due to a covered event, this type of insurance is very important. Cash flow interruptions can spell doom to a company’s ongoing viability. Don’t let this happen to you!

There are many great commercial insurance options available in our area. We can help you find the right policy for your company that meets all of your business insurance needs.

Find out more today!

Busick Insurance Agency LLC wants to be your insurance partner. If you are a business owner in the greater Orleans, IN area, give us a call today to schedule an appointment. We can help you find the insurance solutions that your business needs!

Who needs umbrella insurance?

Umbrella insurance is a security blanket that offers liability protection beyond your current limits for popular policies like homeowners and auto insurance. If the total damages from an accident exceed your existing liability limits, the umbrella insurance policy serves as a backup to provide extra coverage. You’ll want to read the fine print of your contract to determine exactly what is covered. Still, typically umbrella insurance provides additional liability coverage for lawsuits, damage to third party property, injuries to a third party, and personal liability. Many people question the need for umbrella insurance because they already have liability covered offered by their existing home and auto policies. However, if the damage exceeds your current liability coverage limits, you’ll be on the hook for paying the difference, which is likely to be thousands of dollars. 

With umbrella insurance, coverage extends to you and any dependents on your policy, such as a spouse or children. Therefore, if your teenager is involved in an auto accident just after getting their license that results in significant damage and injuries, your umbrella insurance can be used to cover that accident if the damages exceed your existing liability coverage. 

Bear in mind that umbrella insurance does not provide coverage for every circumstance with exclusions for criminal activity, injuries or damage to your property, and liability that you assume under a legal contract. 

To learn more about umbrella insurance and if it is right for you, give the friendly and professional team at Busick Insurance Agency LLC in Orleans, IN a call. We’ll walk you through your options and help you find a policy that best meets your needs.