As a business owner, you’ll need to get commercial insurance. However, choosing can be difficult if you’re unfamiliar with the available types. At Goodman Insurance Inc. in Shelton, CT, we want to ensure you select great commercial insurance for your business. So, we’ve crafted a nifty guide to help you better understand what’s available.

Commercial Insurance Coverages in Connecticut

There isn’t "one size fits all" coverage for commercial insurance. Many times, businesses will choose multiple insurances to ensure that they are protected. That said, there are three main elements of commercial insurance to choose from.

The first is general liability insurance, which helps protect against property damage, personal injury, and more. Commercial property insurance is another option designed to cover a business’s physical properties, including buildings, inventory, and vehicles.

Lastly, workers’ compensation insurance is the last type of commercial insurance. Workers’ compensation insurance helps protect a business’s employees and aids anyone injured on the job. In most cases, businesses should choose all three if they want full protection.

Additional Commercial Insurance Coverages

Adding additional coverage to commercial insurance can be a great way to protect more assets. A handful of different coverage can be added to your existing policy. You’ll want to add the most relevant ones to your business.

Here are a few to consider:

• Business interruption insurance
• Professional liability insurance
• Commercial auto insurance
• Cyber liability insurance
• Product liability insurance
• Employment practices liability insurance
• Umbrella Insurance

Contact Goodan Insurance Inc. in Shelton, CT

It’s important for a business to ensure all business elements are protected. One issue is that it can lead to disastrous costs and even result in closing your doors. So, if you’re in the Shelton, CT, area, we at Goodman Insurance Inc. want to help. Contact us below, and we can start by finding you a suitable commercial insurance plan.

If you have a pre-existing condition, you’re in good company. Roughly half of all Americans under the age of 65 are in the same boat. Conditions range from relatively mild health problems such as high blood pressure and high cholesterol to serious conditions such as HIV/AIDS and cancer.

For residents in Shelton, CT, with a pre-existing condition, purchasing a life insurance policy can be challenging, but it’s possible. Knowing how to approach the situation can increase your odds of getting a favorable policy at a good price.

Always be Truthful

Never attempt to hide a pre-existing condition. The insurer will review your medical records before approving coverage. If the insurance agency finds incorrect information on the forms, your application will likely be denied. Alternatively, your beneficiary may not receive the payout if you pass on and the insurance company discovers you were dishonest on your application.

Do the Best with What You Have

Prioritizing your health can improve your coverage options. Talk to your doctor about what you can do to prevent health problems related to your condition. Exercising regularly, eating healthy foods, and taking the right medication can increase your odds of receiving life insurance coverage. These actions also boost your overall health and well-being.

Get Help from Goodman Insurance Inc.

Goodman Insurance Inc. specializes in helping Shelton, CT residents with pre-existing conditions find life insurance coverage that suits their needs and fits their budget. We comprehend the importance of ensuring your loved ones have their financial needs met after you pass on. That’s why our team provides personalized care and advice to help you secure the right insurance coverage. Contact us to learn about our policy options or to get a quote for your desired policy.

Do you own a business in Shelton, CT? Is it well-protected by business insurance? Goodman Insurance Inc. is here to assist you.

There are a multitude of benefits to business or commercial policies, some of which business owners don’t always appreciate. Let’s break these down for you.

Marketing

Promoting the fact that your business is fully insured or bonded is certainly an appealing edge to your potential customers. It creates a level of trust and comfort.

Better Sleep and Peace of Mind

Most business owners are overwhelmed with so much on their plates that relaxation or even a good night’s sleep becomes challenging. This is one of the most underestimated aspects of business insurance—it delivers peace of mind.

Income Protection

Business interruption insurance could help to maintain your income if your business experiences any hindrances by a covered event. It can aid in maintaining the business and retaining key employees.

Instilling Confidence in Associates and Investors

Getting your business insured is a small yet significant step you can take to communicate to your investors and employees that their protection is your priority.

Coverage of Legal Costs Associated With An Accident Injury Claim

Should an accident occur on your property or due to the actions of an employee, you could face legal liabilities. These liabilities often come with expensive legal costs, which commercial liability insurance can help cover.

Get a Business Insurance Quote Today

If you’ve been postponing getting your Shelton, CT business covered, it’s never too late to start. The more you know, the higher the likelihood that you’ll choose Goodman Insurance Inc. We encourage you to contact us to discuss your business, potential risks, and the undervalued features of a well-crafted business insurance program.

We look forward to helping you.

There are two main kinds of life insurance that are important to understand before you choose your type of coverage. These two types have a lot of similarities, but they also have a lot of differences. They fit different budgets and offer different benefits. To find out more about life insurance, you can give us a call at Goodman Insurance, Inc. in Shelton, CT.

How Term Life Insurance Works

Term life is a type that has a set time for which the policy remains good. It will be a specific period of time, such as 10 or 20 years. During that time, the policy is in force. However, at the end of the term, it expires. Many people don’t like the idea of having to get a new policy after the first one expires, but this type of policy is more budget-friendly. It’s a type that comes at a more affordable rate than whole life, and many people find that it’s the type they need to get because of their budgets. 

How Whole Life Insurance Works

Whole life policies never expire. They will stay in effect for as long as you keep paying for them. These policies are more expensive but come with a cash value after a few years. This value builds up through the years and is a general fund you can borrow if you ever need to. Many buyers like having this amount available just in case they have a financial emergency and need access to a loan. The loan is paid back like any other, but the unpaid amount is deducted from the death benefit until repaid. 

Get Life Insurance

To get started with a life policy, call Goodman Insurance, Inc. in Shelton, CT.

Home buyers insure their homes, and car owners protect their vehicles, but do business owners safeguard their ventures? Definitely, yes! Commercial insurance is a crucial tool for a business owner, allowing them to offset many financial risks associated with running a business. At Goodman Insurance Inc., serving the Shelton, CT area, we assist business owners in identifying suitable commercial insurance for their specific needs. We collaborate with several carriers to ensure you find a policy that best protects your commercial enterprise. Here’s what you need to know.

Understanding Commercial Insurance

Commercial insurance encompasses various types of coverage to protect your business against different losses. For instance, your commercial insurance policy could cover liability, business interruption, property damage, etc. Thus, rather than being a single type of insurance, it comprises multiple forms intended for diverse risks.

Benefits of Commercial Insurance

There are many advantages to having commercial insurance, but the primary benefit is reducing your business’s financial risk. By stepping in to cover damages resulting from covered events, your commercial insurance policy can safeguard your business from financial downfall when unexpected incidents occur. The type of commercial insurance you choose dictates how well your business is protected.

Identifying Who Needs Commercial Insurance

Most enterprises can benefit from some form of commercial insurance. At Goodman Insurance Inc., servicing Shelton, CT, we help you identify the best type of commercial insurance suited to your business requirements. Have any questions about finding an ideal policy for your business? Don’t hesitate—call today to receive competitive quotes from numerous carriers.

Safeguard Your Dependents with the Right Life Insurance

When you have dependents, it becomes crucial to ensure their financial protection in the event of your absence. This is where life insurance proves vital. Understanding the different life insurance policies available can guide you to the best one for your family’s needs. Your age and budget significantly impact the type of policy you select. At Goodman Insurance, Inc. in Shelton, CT, we are here to answer all your life insurance queries.

Lifetime Insurance Coverage

Whole life insurance gets its name because it remains valid for your entire lifespan. Unlike term life insurance, which has a specified expiration date, you can retain whole life insurance provided you continue the premium payments. This kind of policy can’t be canceled, guaranteeing your family’s psychological and financial peace since they’ll know a reliable safety net is in place. Regardless of your age, as long as the premiums are paid, the policy will be there for your family in times of need.

Building Cash Value

One significant benefit of whole life insurance is its ability to build up a cash value. Over the years, the accruing amount can become substantial enough to borrow against during financial emergencies. The borrowed amount is subtracted from the death benefit amount until it’s paid back, just like any other loan. This form of a financial buffer is incredibly valuable if unexpected costs arise.

Benefits of a Whole Life Insurance Policy

when you’re seeking reliable coverage that will protect your family after you’re gone, a whole-life insurance policy is an exceptional choice. At Goodman Insurance, Inc. in Shelton, CT, we are ready to address all your questions and concerns regarding this policy type. Reach out today to protect your most precious asset – your family.

Business owners need to do their research and make informed decisions when they purchase commercial insurance. At Goodman Insurance Inc., we offer commercial insurance coverage to business owners in Shelton, CT.

Here are four things to know when choosing a commercial insurance policy. 

The amount of their policy deductible

Being aware of deductible amounts is vital because your company needs always to have enough liquid funds available to cover deductibles in case you need to file a claim.

It’s important to note that commercial insurance policies often have varying deductibles. Your deductibles could vary depending on whether they’re for commercial property, commercial auto, general business liability, or another type of coverage on your policy.

The risks faced by the insured company

Performing a risk assessment when you buy a policy is important. Risk assessments can help you determine coverage details for your company, such as how much coverage you need and what types of commercial insurance your policy should include. 

The legal requirements that the insured company needs to meet

Companies are often required by law to carry certain types of insurance. For example, companies that use vehicles for business operations must have commercial auto insurance covering their vehicle fleet. 

The term length of the commercial insurance policy

A commercial insurance policy is only good for a certain length of time. One year is a typical term length for a commercial insurance policy. After a year goes by, you’ll need to renew your policy so that you can continue to have coverage. 

We’re here to assist you when you’re on the market for commercial insurance in Shelton, CT. Call us at Goodman Insurance Inc. to get a policy quote.

You can never be too old or young to benefit from life insurance. However, there are benefits to buying life insurance as early as possible. If you are considering purchasing life insurance for yourself or a family member in Shelton, CT, Goodman Insurance Inc. would be happy to discuss the different types of life insurance and the best way to plan, given your circumstances.

Life Insurance For Children

If you purchase a policy for a child, you can get the best rates. Life insurance rates are determined by how much risk the insurance company is taking, and young people are the most likely to live a long time. Young people are also usually healthier, as many health conditions do not surface until later in life.

Life Insurance In Your 20s and 30s

This is also a great time to purchase life insurance. Even if you feel as though you don’t need it yet, life insurance could still help your family if you pass away at a young age. Your loved ones could use the proceeds to pay for your funeral and possibly pay off any loans you have accumulated.

Life Insurance As You Get Older In Shelton, CT

It is never too late to get life insurance. Your premiums will be higher if you are older, and the insurance company will probably require a physical to assess your health. But life insurance can still help your loved ones if something happens to you.

Depending on your age and other factors, you can make different choices about what kind of life insurance will benefit you the most. To discuss your options, please call Goodman Insurance Inc. today.