Q. When should I consider buying an umbrella policy?

A. If you own a home, as well as a car, you should consider purchasing an umbrella policy. Anybody can be sued nowadays, and an umbrella policy is a cost-effective way to extend the limits of your general coverage.

Q. Do I really need auto insurance?

A. All states require you to be financial responsible when driving your vehicle, in one way or another. Most states require that you at least purchase liability insurance.

Q. I’m opening a new business.  How do I know what type of insurance I need?

A. It really all depends on the specifics of your business. All businesses are different, so it is impossible to have a standard policy to cover any type of businesses. There is such a thing as  a standard Business Owners policy (BOP), but some businesses have special liability needs that cannot be met under this coverage.

Q. Since I’m just starting a business, do I need insurance immediately?

A. Definitely. It’s vital that you are insured the first day your business opens. If you are renting a space, landlords will require that you have insurance, and if you have employees, you need to make sure they’re covered in case of injury. Most states require that you have workers compensation insurance.

Q. What type of property from my business should I insure?

A. You ought to insure any property that you consider a valuable investment to the company such as: the building in which your business operates out of, furniture, computers and other valuable pieces of technology, signs, fences, as well as various outdoor property not attached to the building.