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.
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 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.
Your home is generally the biggest asset that you have. When you purchase your home, your mortgage lender most likely will require that you carry an adequate amount of homeowners’ insurance. This protects their financial investment in the home. A good policy works to protect the homeowner, as well. The agents at Lebherz Insurance work with homeowners in the Frederick, MD area to ensure that they have adequate coverage for their needs.
A homeowners’ policy will protect the home should it be damaged or destroyed. This is what most people think of when they consider insurance. A homeowners’ policy goes beyond that, though. It will also cover the outbuildings on the property. The contents of the home and all of your personal possessions will be protected by the policy. The policy will also cover your possessions if they are damaged or stolen when they are not on your property. For instance, if your laptop is stolen while you are at the local coffee shop, it will still be covered. If you have expensive collections, artwork or jewelry, you may want to discuss the possibility of additional coverage with your agent. Homeowners’ policies also provide liability coverage. This gives you protection in the event someone is injured on your property due to your negligence. It can cover medical and legal expenses.
There are many reasons to carry quality homeowners’ insurance. The team at Lebherz Insurance can review your current policy and make suggestions about any gaps in coverage that may exist. Every homeowner is different and has different needs. Their experience in the Frederick, MD area helps them to provide the knowledgeable guidance to homeowners. Call them today and explore your coverage options today!
It goes almost without saying, as Lebherz Insurance, serving Frederick, MD, notes, that texting constitutes the most dangerous form of distracted driving. The End Distracted Driving website notes that texting while driving involves three types of distraction.
- Manual distraction involves taking your hands from the wheel.
- Visual distraction involves taking your eye off the road ahead of you.
- Cognitive distraction involves thinking of something besides driving.
No wonder cell phone use of all kinds (voice and text) caused 27 percent of car crashes in 2015.
However, texting and taking on the phone while at the wheel is just one cause of distracted driving. The National Highway Traffic Safety Administration notes some others, including:
- Fiddling with car electronics such as the radio or navigation system
- Talking to passengers (especially unruly children in the back seat)
- Eating and drinking while driving
Add to that, driving while impaired by drugs or alcohol, something to be avoided at all costs.
Two methods exist to avoid distracted driving and thus a car crash that could injure or kill you and your passengers. You can have a passenger be designated to use the cell phone or deal with the kids in the back seat if such needs to happen while in transit to your destination. If you do not have a passenger to take over these tasks and they have to happen immediately, pull over and deal with the matter. An automobile moving at any speed, especially on a highway, is a potentially deadly weapon and has to be under complete control at all times.
If you have any questions about auto insurance, feel free to contact Lebherz Insurance serving Frederick, MD,
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.
For those that have invested both time and money into a classic car having the right insurance in place to protect that investment is a must. You can have the best car in the world but without the right coverage, your car can be in danger and can end up being a total loss easily. Classic car insurance policies are great for those that do have what qualifies as a classic car. This type of policy is different from a typical policy and we are going to discuss how. For those that live in the Frederick, MD area, the agents with Lebherz Insurance can help you find the perfect policy for you.
For starters, a classic policy is going to cost differently based on a few different factors. For the most part, it is on par with a typical policy to start with then the price does go up dependent on how much you insure the car for. The overall value of the car is going to push the cost of the policy up because you are going to need to insure a larger amount to help replace the car if something were to happen to it.
When you take out a classic policy, your insurance company is going to come and evaluate the car and both the owner and the insurance company will work to agree on the value of the car. In most cases, they do not insure for the cost of repairs but the overall value of the car and the cost of total replacement. If you have a car that is worth $100,000 it is obviously going to need a more expensive policy than a Toyota corolla from 1999. For those in the Frederick, MD area, the agents with Lebherz Insurance can help you find the perfect policy every time.
If you have purchased or restored a classic car, custom parts may have been used on the car. One of the questions that we at Lebherz Insurance, serving the greater Frederick, MD area, are asked is whether classic car insurance covers these custom parts. If you are looking into purchasing classic car insurance, here is the information you should know about custom parts.
Does Classic Car Insurance Cover Custom Parts?
In most cases, classic car insurance does not cover custom parts. Many individuals who purchase classic car insurance do not realize this until they are involved in an accident or need to recover money for their car and realize the value is less than they thought. If you ever doubt if something on your classic car is covered, always contact your insurance adjuster or carefully read through your policy. These things will help you determine whether something is covered or not.
How Do You Cover Custom Parts on Classic Cars?
The best way to cover custom parts on classic cars is to purchase a supplemental policy for custom parts. You will then be required to list each custom part that is in your car and its value. If you make changes to your car, you will need to update your supplemental policy. Buying a supplemental policy gives you peace of mind that each and every item listed on the custom parts list is fully covered in case you are involved in an accident, someone damages your car or your classic car is stolen.
If you are looking to obtain car insurance for a classic car in the greater Frederick, MD area, Lebherz Insurance can help you. Call us today to discuss your needs and let us put together the right insurance policy for your needs.
Today, data breaches and other cyber-related crimes are becoming prevalent in Frederick, MD and all over the world. Whenever they occur, data breaches can result in major financial implications. Most people tend to think that only large organizations are prone to cyber hacks which is wrong. Even smaller and medium-sized businesses are at risk of being attacked, and that is why Lebherz Insurance provides cyber insurance to both large and small enterprises. A data breach can damage both your business operations and reputation in Frederick, MD. Cyber insurance is always a smart solution to any business.
When Can You File a Claim?
You can file a cyber insurance claim whenever your data is compromised or stolen. However, you will have to prove to your insurance provider that the breach was not as a result of your negligence. For, instance, if the data loss was due to activities of an antivirus, then you’ll have to prove that the affected computer had an updated copy of antivirus at the time the breach occurred. The primary purpose of cyber insurance is to help you regain quick control of your identity and handle any financial repercussions of the data loss or breach without hurting your business. The steps involved in filing a cyber insurance claim include;
- Call your insurance provider: This is the first thing that you should do when your data is compromised. Contact Lebherz Insurance or your insurance agent and explains the details of what happened.
- Prepare for the investigation. Your insurance provider will launch an investigation into your claim to determine the extent of the damage.
- Work with forensic data analysts. Forensic Analysts are experts in detecting and handling data breaches. Consider calling in a forensic analyst to help you with the investigation.
- Stick to the response plan. A response plan is a detailed overview outlining how you should handle a data breach. Your insurance agent should provide details about the response plan.
Is your business not yet covered by data breach and loss? Contact us today for a cyber insurance free quote.
What is Umbrella Insurance? Let’s first begin by defining what umbrella insurance is NOT.
Umbrella Insurance is not:
- A policy that protects the insured from a water or rain event, or,
- A policy that replaces a lost or damaged Umbrella
Umbrella insurance provides additional coverage beyond the limits of the insurance policies currently maintained. It is a smart choice for those who wish to fully protect themselves.
Umbrella Insurance for Federal Employees
As a federal employee, one can opt for an Umbrella Insurance policy. These specific insurance policies are available in and around the Frederick, MD area by the professionals at Lebherz Insurance.
An ‘insured’, in accordance with the federal government’s somewhat broad definition, includes
- Children at college
- Military service members and
- Domestic partners
Facts Regarding Umbrella Insurance for Federal Employees
- A Federal Employee’s Umbrella Liability Insurance includes the cost to defend the insured.
- There are some policies that offer an optional coverage (up to $1 million) that protects against a federal employee against Uninsured (UM) /Underinsured motorists (UIM).
- UIM insurance provides bodily injury protection should you be harmed in an automobile accident where the other is legally responsible but had:
- NO liability insurance
- Failed to post a bond.
- The coverage also provides protection if you are injured as a result of a hit-and-run accident. Additional benefits include:
- Coverage for another driver, if, they have your permission and the underlying policy provisions find this acceptable.
- Coverage for injury to domestic employees as long as the underlying insurance policy applies.
- Coverage for Directors & Officers of any not-for-profit organization as long as the underlying insurance policy applies.
Visit our Lebherz Insurance’s easy-to-use website for many useful tips and industry insight. Or give contact us by email. Remember, Lebherz Insurance serves the Frederick, MD area.
In Frederick, MD, the agents of Lebherz Insurance offer several policies for both renters and homeowners who want to make sure their property is fully protected. Renter’s insurance is similar to a homeowner’s policy except that it doesn’t cover the dwelling or any real estate. A renter’s policy covers personal possessions and, in most cases, accommodations if rental is uninhabitable.
What Happens When Your Living Area Is Damaged?
If your apartment is damaged, the first step is to notify your insurance agent. While the owner of the property is assessing the damage to the dwelling, your agent will need to evaluate any damages you may have incurred. At that time they will discuss the possible need for other accommodations if you cannot stay in your apartment or home. Although some policies may limit the amount of time you spend in a hotel, they normally allow enough time for repairs to be made or find another permanent residence.
When Are Other Accommodations Necessary?
Other accommodations are necessary when your rental is damaged to the point where it is unsafe for you and your family to stay. Holes that expose the interior of the home to outside weather conditions, no water, no electrical, extensive fire or smoke damage or defective appliances are just a few of the things that can cause extensive damage inside the home.
If you live in Frederick, MD and want to review your renter’s insurance policy, call the agents of Lebherz Insurance. They can answer your questions and make sure policy is up to date and offers the coverage you need to remain fully protected at all times.