Life Insurance Provisions For Your Family Pet On Your Policy

Indeed we are a pet-friendly bunch in Frederick, MD. The knowledgeable agents at Lebherz Insurance are no different. When you consider how important your family pet is to your life, it would naturally occur to you that they need to be provided for in case you were no longer here. While there are insurance policies that you can take out that are solely focused on your pet with provisions for euthanasia and their overall general health, your life insurance policy can be used to provide for them as well.  It is not something that we think about every day but it is a responsible consideration. What happens to your beloved cocker spaniel if something happened to you? Many pet owners add a provision to their policy which pertains to their pet. Setting up a trust for your animal in the event of your demise is a way to ensure they have adequate care. The funds are there in trust and are distributed according to your directions. You have to decide who Is in charge of the said trust. In this way, your pet can be a beneficiary of your insurance proceeds.

Located in Frederick, MD 21701, Lebherz Insurance is conveniently located to serve all of your insurance needs. In addition to life insurance, we provide coverage for your home, auto, commercial, cyber liability, professional liability, brewery, flood, recreational, and umbrella insurance. We take into account the area that we live in and the special needs of the customers that reside here in Maryland. We also provide service for clients in the following states: Pennsylvania, Virginia, West Virginia, Delaware and Ohio. Stop in or call us today. Ask us what we can do to help protect the things that you care the most about.

Is Your Taproom Protected?

You’ve perfected your brew, cultivated a following and the next logical step for your craft brewery is, of course, a taproom, tours and even clever merchandise with your name splashed all over it.  However, what even the savviest of beer masters forget about is the unforeseen exposures growing their business opens them up to.

Taproom Risks

Brewery taprooms in Frederick, MD are gaining in popularity and rightly so. They are a fun way to share your passion for beer with your followers. But it also means feeding those followers. Enter in food trucks.  The marriage of food trucks and taprooms is a natural one, but one that should be entered in cautiously. Food trucks operating on your property make you liable for any injury aka food poisoning to your customers. This is known as vicarious liability.  

Of course, it’s not just food poisoning that you have to worry about. Let’s say after a long night, your food truck operator is pulling out and accidentally strikes a customer.  You can be considered vicariously liable for the accident. Lawsuits are expensive and can have you closing your doors faster than you can say Hefeweizen. The solution to protecting your business is not only to ensure you have the proper liability limits on your general liability policy; the experts at Lebherz Insurance recommend carrying at least $1 million. But to ensure that your food truck vendors have the appropriate coverage as well.

It’s essential that in addition to having sufficient general liability limits, they name your brewery as an additional insured. This protects you if you are sued because of the food truck operator’s actions under their policy, making your policy a secondary coverage.

You’ve worked hard to get your business up and running. Don’t let someone’s else’s mistake chance losing it all. If you are an independent brewer in or around Frederick, MD, let the insurance experts at Lebherz Insurance guide you through the coverages you need to protect yourself and your brewery.

What Is Covered By Professional Liability Insurance?

The agents of Lebherz Insurance in Frederick, MD,  specialize in Professional Liability insurance.  Professional liability insurance coverage protects you from the risks in the delivering of professional services. Professional liability insurance (PLI), is also referred to as Professional Indemnity Insurance (PII).   Professional liability insurance coverage is an errors & omissions form of liability insurance.   Professional liability insurance coverage should be obtained if you or your business gives advice to clients and provide a professional service,   You face legal liability for errors you allegedly made in your services or for ommissions in providing services that should have been implemented.

One who provides any professional service that causes financial harm may face legal action.  For example, Professional Liability Insurance is used, but not limited to by attorneys, physicians, appraisers, notaries public, real estate brokers, management, information technology service providers, insurance agents, home inspectors, consultants, software developers, website developers, quality control specialists, architects, landscape architects, engineers, and quality control specialists.

Professional liability insurance policies are based on a claims-made basis. Thus,  any covered error, omission or negligent act must have been committed before the expiration of the policy.  Any claims for professional errors or omissions that occurred before the policy was active or after the expiration of the policy is typically not be covered. 

Professional liability covers a  broad range of potential risks such as professional negligence,   confidentiality breaches and loss of documents or data. For instance, if you emailed, by mistake, data to the wrong person.   The covered professional’s conduct must be consistent with the standards of his or her profession, to avoid any claims.  Professional liability insurance does not cover criminal acts, libel and slander, breach of warranty, personal injury, and breach of contract.

The agents of Lebherz Insurance in Frederick, MD, will offer a Professional Liability Insurance policy that meets the unique needs of your business.  Please contact us and call for an appointment!

What Everyone Should Know About Cyber Liability Insurance

As our society becomes more reliant on technology and the internet, the risks can increase. If you own a business that relies on the internet, it’s time to learn more about Cyber Liability Insurance and why you should have it. If you are in the greater Frederick, MD area and have questions about this fairly new type of protection, the team at Lebherz Insurance is here to answer your questions.

What is Cyber Liability Insurance and Why Do You Need It?

If your firm falls victim to hacking or a data breach you can be held responsible for any loss that your customers experience due to the breach. Additionally, you may suffer an inordinate amount of reputational loss due to the hacking event. Without insurance, these events can be difficult to overcome and can result in your business failing. A comprehensive Cyber Liability Insurance policy can protect you from:

  • The cost of your system being down due to a hacking
  • Notification costs and the expense of letting your customers know about the breach
  • Any copyright infringement or other nefarious activity that the hackers conduct
  • Losses due to identity theft
  • Damage to technological systems

If you conduct business via the internet and store valuable information for your clients that could be misused in identity theft, it’s time for you to review your Cyber Liability Insurance policy options. Don’t fall prey to hackers and allow their misdeeds to destroy your company and everything that you have worked so hard to achieve.

Don’t leave yourself or your customers at risk, find out more about Cyber Liability Insurance and how it can help protect you and your interests. If you are in the greater Frederick, MD area, the team at Lebherz Insurance is here to provide the information you need.

The Growing Problem Of False Roof Damage Claims As A Result Of Hail

Hail is one of the most dangerous weather events for homeowners. Hail can create holes in a roof, allowing moisture to seep into the infrastructure of the home. This moisture can cause water damage to electrical wiring, drywall, insulation, and flooring. Some people, however, take advantage of a hail event and file false claims to get their roof repaired or replaced. 

False Roof Damage Claims

There is an increasing problem with insurance fraud stemming from weather events leading to hail damage. People who have older roofs or have existing issues can take advantage of the situation by creating damage or claiming the existing damage occurred as a result of a hail event.  Insurance agencies have developed measures and guidelines which significantly reduce the number of false claims. 

Providing You With Quality Insurance Products

Reliable and thorough insurance agencies are dedicated to helping individuals with legitimate claims and preventing false claims as a result of hail. Residents living in the Frederick, MD area need coverage they can count on to help them recover from hail damage and prevent false claims. If you are needing high-quality insurance products, check out Lebherz Insurance. They have skilled agents who can work with you to give you products to protect your home.

Give you and your home the coverage needed to prevent financial losses as a result of storm and hail damage. Residents who live in the Frederick, MD area can count on Lebherz Insurance to work with them and suggest quality coverage to prevent gaps and ensure protection year round. Call or stop by our office to speak with one of our skilled agents today. 

What Role Do Hail Chasers Play in Insurance Fraud?

After a storm in Frederick, MD, hail chasers, or storm chasers as they are sometimes referred to, will canvass neighborhoods looking for homeowners that seem vulnerable to scams. They go door to door and leave hangers on doorknobs. They will also speak with homeowners and convince them that roofs could have sustained severe damage from the recent storms. They will offer the homeowner a free inspection, or even a replacement for the roof. The word "free" can sometimes entice homeowners, or the hail chasers will use scare tactics to trick the homeowners into agreeing to replace the roof by emphasizing damage and potential problems that can occur. Some scammers may inflict their own damage to the roof to convince homeowners there is a problem. Some of the scammers will use coins to scrape roof shingles off, or create indentations that look like damage by hail.

The homeowners that fall for these schemes will then file home insurance claims for a roof replacement. Insurance companies will use professional techniques to know if the hail damage is real, which include forensic engineers who know hail activity and can detect any intentional damage versus the damage the hail does cause.

If something seems too good to be true it is. Hail may cause damage to one home and not another, so the tactic that hail chasers use of saying that your neighbor got a new roof so you should too won’t hold up. Hail chasers can make big promises and sometimes take the money and run. Never give money and start work without filing a claim with an insurance agent at Lebherz Insurance. If your claim is denied, you could be on the hook for any money that is lost and the work the roofer has done.

Contact Lebherz Insurance, serving Frederick, MD, to get a quote on home insurance. 

4 Mistakes People Make When Buying Small Business Insurance

You could be an expert in the area of your small business but know very little about business insurance. Others downplay the essence of having the appropriate policy cover for their businesses. Due to inadequate knowledge and assumptions, small business owners make a lot of mistakes. Here are some key areas they should be aware.

Buying Cheap Insurance

While business is about maximizing profits and minimizing costs, choosing the cheapest insurance is risky. Cheap premiums mean that your small business is not getting sufficient coverage. Lebherz Insurance is excellent at assisting clients to choose the ideal policies for their business. Choose value and not price when buying a policy cover.

Lacking Cyber Insurance

Almost all businesses, including small-scale, have integrated digital and internet technology. Any business utilizing the cyber world ought to have cyber insurance. Unfortunately, small business owners believe that they can never be targets of cyber crimes because of their small nature. This misconception will cost your business if you do not purchase a policy.

Failing to Adjust the Insurance

Your business may be small, but it could be dynamic. Most businesses in Frederick, MD begin small, but they grow as time passes. Evolvement or any other form of change must be reflected on the insurance policy. Always ensure that the business policy is always covering the present nature of your business. Many business people forget to adjust their policies, and that could cost when making claims.

Failing to read the Policy

Few business people take time to read and understand their policies. Other don’t bother yet it is a requirement from all agencies and insurance companies. Agencies in Frederick, MD, for instance, would not sign an insurance contract before the insured reads the policy document. Ensure that you are purchasing a policy that includes all fundamental areas. Lebherz Insurance welcomes inquiries, contact them for more information.

Why you Need Commercial Insurance for Business Liability in Frederick MD

Business insurance pays for losses that happen during the course of business events. You can choose from many policies that cater to all businesses or niche markets. Business insurance includes legal liability, property damage, and personal injury, among other risks.  Ask your Lebherz Insurance how to best protect your business with the appropriate business insurance. Meanwhile, here’s some information to get you started. 

What is Business Insurance?

Small businesses are particularly at risk since they have smaller reserves and greater personal financial exposure. Are you wondering what is available? Take a look at the different insurance policy other you can consider:

Professional liability protects you from negligence due to mistakes or failure to complete a contract.  There is no one-size-fits-all professional liability coverage. Each industry has its own unique concerns that should be addressed.

Property insurance pays for lost, stolen or damaged items, such as signage, equipment, furniture, and inventory, in a storm, robbery or fire. 
It doesn’t cover earthquakes or floods. 

Home-based businesses need additional insurance since homeowner’s insurance probably won’t cover liability related to your business. 
Homeowner’s policies don’t cover home-based business risks. 

Product liability insurance covers manufacturers who make, sell and distribute their products.  This is crucial in the event of a lawsuit against your products.

Business interruption insurance if a great relief if you have to close a retail store or other location. Ask your agent what’s covered and how it’s relevant to your business.

At Lebherz Insurance, you can contact a representative to set up an appointment to discuss the insurance needs of your Frederick, MO experience.  Stop by for information and to receive a quote for your personal and business insurance needs.

 

 

Is It Time to Update Your Auto Insurance?

Changes in your life or lifestyle could alter your auto insurance coverage. By reviewing your policy annually, you can see if you need to update your coverage to suit your current situation. Updating your auto insurance will ensure you have the protection you need at a price you can afford. Here are a few instances where you should contact your Lebherz Insurance agent in Frederick MD to update your policy.

Your Teen Receives His or Her License

Once your teen has a permanent driver’s license, you should add him or her to your policy. Putting your teen driver on your policy ensures he or she is fully protected as per the coverage you’ve chosen. As a parent, you can have greater confidence in loaning the family car to your teen knowing they have the insurance protection they need.

You Change Locations

Sometimes moving to a new home can help lower your insurance premium. If your new home is close to work or school, you may drive less, reducing your risk of an accident. Putting less mileage on your vehicle annually could also qualify you for a discount on your policy.

Marriage

Marriage can add one or more extra drivers to your household, which will require an update to your auto insurance policy. If your spouse brings a new vehicle to your home, bundling your vehicles with home insurance could save you a bundle on insurance costs.

Change of Cars

If you upgrade your vehicle, you’ll need to update your policy to adjust coverage for your new car. Your insurance rates may go up or down depending on the coverage you choose and the make, model and year of the vehicle you buy.

At Lebherz Insurance, Frederick MD, we can help you choose an auto insurance package suited to your needs at an affordable price.

Term vs. Permanent Life Insurance Policies

Perhaps your Frederick, MD employer provides group life insurance. Maybe you recently experienced a loss and it got you thinking about your family’s future. Lebherz Insurance can help you determine how much life insurance coverage you need and what type. You have a term or permanent life insurance from which to choose.

Term Life Insurance

A term life policy locks in a specific amount of coverage at a fixed premium rate for a limited time span, typically 10, 20, or 30 years. The premiums usually cost less than a permanent policy for the initial term but increase at the end of the term. If you stop paying the premiums at any point, the policy lapses and your beneficiary receives no death benefit if you die.

A term policy makes a good choice if you want to make sure your beneficiary could pay off a financial obligation that would come due during the term period. Example of this includes paying off a home mortgage or providing for a child’s education.

Permanent Life Insurance

A permanent life policy accrues cash value. It remains valid as long as you pay the premiums. Typically, these policies offer a fixed premium that does not increase.

Permanent policies sometimes require a medical exam when obtained. The premiums do not increase though if your health changes after the exam.

A permanent policy makes a good choice as tools for retirement planning or income replacement. Many contain options to add disability coverage. This means that if you become permanently disabled, you’ll have a ready source of cash to handle financial obligations like medical care.

Call Lebherz Insurance in Frederick, MD today to start planning your life insurance coverage. The younger you are when you obtain coverage, the lower your premiums will be and you’ll never be younger than you are today.