Is Term Life Insurance the Right Choice?

Life insurance can be a difficult subject to discuss, let alone to purchase for yourself. When you see that there are multiple types of life insurance available, coverage options can feel even more confusing.

Are you considering your insurance options? Term life insurance might be a good option for you. Wichalonis Insurance Agency, which serves Cumming, GA, can help you determine the steps you need to take to choose a life insurance policy.

What Is Term Life Insurance?

Term life insurance helps you secure financial safety for your family. This policy provides coverage for a specific amount of time, like 10 years. If you have minor children that were born this year, for instance, you might want term life insurance for 20 years to ensure your child is an adult before your policy expires.

Term life insurance is compared to whole life insurance, which provides protection for the entirety of your life. If you are looking for a shorter option, term life may be your best bet.

Term Life Insurance Is Great for Many People

Policyholders are often parents or others with dependents. If anybody is financially dependent on you, it is smart to have a term life policy. If you want to replace lost income, pay debts, and provide for your child’s care after you pass away, this insurance policy may be a good choice.

How to Get a Term Life Insurance Policy

Wichalonis Insurance Agency serving Cumming, GA can help you find the right insurance policy for your family. If you are interested in term life policies, a professional can help you determine how long your insurance should last.

Is commercial insurance required in Georgia

Georgia is one of the most business-friendly states in the union. In September 2020 it was named the "Top State for Doing Business" for the 7th year in a row. Commercial insurance offers very important protection to businesses to help them survive some hazards that could make doing business impossible. In Georgia, two types of commercial insurance are mandated, commercial auto insurance and workers’ compensation insurance. At Wichalonis Insurance Agency in Cumming, GA, we understand the risks businesses face, and we will take the time to help you create a policy to minimize the risks to your business. 

Commercial auto insurance

In Georgia, if your business owns any vehicles they must be covered by commercial auto insurance at the state-mandated rate. You must have 25/50/25 coverage. That means 25,000 for each individual bodily injury with a total of 50,000 for an accident and property damage to 25,000. 

Workers compensation insurance

Georgia law requires almost every employer to protect their workers with workers’ compensation insurance. It doesn’t matter if your workers are full or part-time. If your business has more than 3 employees even if they are seasonal, you need to cover them with workers’ compensation. It makes good business sense; workers stay longer and are more loyal when they care for by their employer. 

Just because it isn’t required, doesn’t mean you should not have additional coverage for your business. Commercial building insurance, commercial liability insurance, and business interruption insurance can all make the difference between being able to stay in business and having to close your doors. Risks are out there every day for every business whether it is weather-related, theft, or legal. Talk to your local independent agent to have a custom commercial insurance policy created for your business. 

Contact Wichalonis Insurance Agency in Cumming, GA for all your commercial insurance needs. 

Protect Your Cumming GA Business this Winter

Winter will be here before we know it, and making sure that your Cumming, GA area business is protected will help you weather any storms that may come our way. The team here at Wichalonis Insurance Agency

Make Sure Your Business is Ready for Winter!

Winter in our area can be filled with some unpredictable weather! There’s no question that having the right insurance protection in place can make your life go a lot more smoothly, no matter what Mother Nature has in store for us. If there is a covered event that creates an unwanted impact on your company, having the right insurance can help make the situation a lot less stressful. 

There are a number of different steps that we can take to winterize our business locations, such as trimming back any branches that could cause damage, making sure that our pipes and water systems are in good shape, and reviewing our commercial policies to ensure that we have the appropriate level of protection. Without adequate insurance, whether it’s an incorrect policy coverage level, or a gap in protection, an already stressful situation can become a lot worse. Fortunately, with local agents who understand the ups and downs of our winter weather, it’s a straightforward process to acquire the appropriate coverage. 

Don’t wait until it’s too late to find out that you need different coverage or a higher level of protection, review your policy today!

Count on Wichalonis Insurance Agency to protect your Cumming, GA area business this winter. Now is the perfect time of year to make sure that your commercial policy has the protection you need. If it’s time for a policy review for your business, or you want to review your coverage portfolio, contact us today and schedule a consultation!

Is Commercial Insurance Legally Required?

In Cumming, GA, there are no reasonable circumstances where you are going to be legally required to carry commercial insurance. In the US, we still have, more or less, a free market at work. As long as you are licensed wherever you need to be licensed and registered wherever you need to be registered, you are allowed to ply your trade in most fields.

But, that doesn’t mean that nobody can tell you to get insurance, just that the law can’t. Business partners can insist that you carry insurance, and so can lenders, guilds, unions, customers, licensing boards, clients, and anyone else you do business with. The free market goes both ways: In most fields, you are free to go without insurance, and everyone else is free to refuse to do business with someone who does not carry insurance.

For most businesses, the only time you will be legally required to carry commercial insurance is in the case of commercial vehicles. Your personal auto insurance provider may be able to provide some basic protection for business use. Still, if you are using your car as a regular business vehicle, you can’t expect every claim to be approved.

If you are looking to get your Cumming, GA business covered, get in touch with us at Wichalonis Insurance Agency. You can call us, visit our website, or drop by the Wichalonis Insurance Agency offices to talk about getting protected. Whether you’re looking for basic liability or something more substantial, it is vital to protect your business, and we can compare several quotes from different providers to get you a good deal on an excellent commercial insurance policy.