Insurance is the last thing anyone thinks about when shopping for Christmas gifts. You are already spending so much on gifts and the last thing you probably want to do is turn around and spend even more.
You do however realize that some of these gifts are pretty expensive and left without some type of protection you would have wasted your money on a gift you can not even give.
Which option is best, investing with insurance or saving what you can? This blog will help you weigh the options of purchasing a small insurance policy for your Christmas gifts or not.
When you do not need insurance
Insurance is not often times something you want to have just to protect items for a month. When thinking about purchasing insurance for a gift, it should be one that you would prefer to have insurance on all year round. Here are a few reasons why you may not want to purchase insurance for Christmas presents:
1) If you are worried about gifts being stolen from your car or home. When something is stolen from your car or home, your homeowners insurance (if you have homeowners insurance) will provide coverage.
2) When the gifts are inexpensive. I'm not going to sit here and tell you that you need insurance on every single thing that comes into your possession; that would be unrealistic. If you buy something you would not mind replacing or would not be too heart-broken if something happened to it then insurance would not be for you.
3) You flat out just do not want insurance. I'm a real person. I understand that if you do not want to buy something you do not have to. If you have the financial means to replace the gifts yourself or if you are just not worried about it then do not buy insurance.
When you may want to consider insurance on a Christmas gift
No doubt the price of some gifts on their children's list make them sweat. Some do not mind spending hundreds or even thousands on a gift for their loved one. Once you begin getting into the hundred and thousand dollar gifts, you should begin to consider having insurance.
Every person is different and must decide for themselves if insurance is right but here are a few examples of when I would start to consider insurance:
1) Electronic devices are on just about everyone's wish list and are amongst some of the priciest gifts. Smart phones, gaming devices, laptops, and tablets. Buying electronics are great for the family but somewhere down the line one will get broken and the warranty will not cover you if it is your fault.
2) Jewelry is on just about every women's unspoken wish list. Whether they like simple or flashy, every women would love jewelry for Christmas (hint hint fellas). Jewelry stores make it really easy to spend a lot of money on something that can easily be stolen.
3) When the gift is not worth the deductible. Like I mentioned earlier, your homeowners insurance will likely cover anything stolen but keep in mind, unless you have a separate policy, you will have to pay your homeowners insurance deductible.
4) If you just want to be safe. We all get put into situations where we do not know enough on a subject to make an educated decision. I'm always asking questions when deciding to purchase something because I just don't know and there's nothing wrong with doing so. If this is you, you can call our agency with any questions you have about insuring Christmas gifts or other items. Just Call 877-362-2213
The insurance you need for your tree farm depends entirely upon your tree farm's uniqueness. Size, on site activities, property, etc... all these factors will determine how much and what types of insurance you will need.
With there being so many different variations of tree farms that we could get into, I would like to keep it simple and focus on the needs of a small local tree farm in this blog. If you have a larger tree farm, you do not find what you need in this blog or would just like a tree farm insurance quote, Call 877-362-2213.
Why the need for tree farm insurance
One of the wonderful things about this country is that we have the opportunity to create seasonal businesses in addition to our main income. Often times we start these businesses just with the intention of making a couple hundred to a few thousand dollars and believe it to be risk free. Either that or we are misinformed and believe our homeowners insurance will cover anything that happens.
Your tree farm needs its own policy to ensure that it and you are fully and properly protected. You would not use the hammer you used to nail up your sign to also cut down a tree. Like each tool is intended for a specific purpose or set of purposes so is your insurance. It is there to protect you, but if not handled properly will not get the job done.
The insurance you will need for your tree farm
Like I mentioned earlier, the insurance you need will be unique to your specific situation. One major coverage all tree farms need is liability insurance. I like to call it "slip and fall coverage." If you do not already know what liability insurance will do for you, it will protect you when someone is hurt on your property by providing payments for damages instead of you being sued out of your own pocket.
While slips and falls are general for all businesses, liability insurance will do even more for you. If someone is injured cutting down a tree; you're protected. If someone's tree was not properly secured and falls off the car causing an accident; you're protected.
Additional insurance coverages to consider
Most of the tree farms around my area are just small cut your own tree farms. Some though, have agritainment on their tree lots. This includes things like selling snacks, hot beverages, sleigh rides, craft tables, etc... When introducing agritainment practices and things such as this into your tree farm business, you will be required to pick up a slightly different liability policy to cover the different risks.
Other than liability, here are a few insurance coverages that may benefit your tree lot.
- Property coverage for any building owned
- Insurance on inventory if you also sell decorations, snacks, etc...
- Equipment insurance for things such as your baling machine
When it comes to insurance you really need to think about what is most important to you. What is making your business work that you can not afford to replace with your own money? If I fire burned down everything and you could only get back what was insured what would you want left?
Most often with smaller farms liability is the only thing that is insured. You may wish to insure your trees or other things on your farm and that is ok too. Whatever you decide is best for your farm, Call 877-362-2213 to get free quotes and a local business insurance agent on your team.
Protecting your electronic devices is essential during your holiday travels when many laptops, tablets and smart phones end up broken, left behind or in the hands of thieves.
After getting married and starting a family, I now know first hand how much traveling is involved during the holidays. We personally had to cut back on traveling because 4 trips for Thanksgiving was too much and 5 trips during Christmas was just way too much! Luckily for us, our family is all within a 30 min drive; you however may not be as fortunate.
You may have to take a trip by plane, train or bus and chances are you will need to take your laptop, smart phone and/or tablet with you. All it takes is a couple moments of distraction and you can be off leaving your electronics behind. Can you afford to replace your electronics so close to the holidays? Is there important information on your devices that you absolutely can not lose? This blog will help you protect your electronics during all the craziness of the holidays.
The obvious place to start
The simplest and most obvious way to keep your electronics protected is to keep an eye on them at all times. Find a comfortable laptop bag that can hold your computer, tablet and phone and keep it on on your shoulder at all times. Keeping an eye on your devices is going to be the best plan to keep your devices from being stolen.
Protective cases are more than just fashionable. They will keep your devices safe from drops, kicks and some small children. Keeping an eye on your devices and equipping them with protective gear really helps, but there is much more that needs to be done to protect your investments.
Backing up your Data
You may not lose your device to a thief or leave it in your seat, but you could lose the data that makes your electronics valuable to you. I'm not too worried about phone apps or games that you like to play, but what if files you needed for work disappeared or family information was deleted accidentally? Do you do what I do and save travel information and tickets on my phone - imagine losing your ticket while waiting on your ride!
One of the major ways of protecting your computer is to protect the data inside. Sometimes whats inside is more valuable than the actual device itself. Here are a couple ways you can back up your files:
- Back up files in the "cloud"
- Save documents onto flash drives
- Use your laptop's local back up
- Email the documents to yourself and save in a folder through your email provider
Any important data should be backed up in at least 2 or more physical locations. If something happens to your electronic device you will be able to say at least your important files are safe.
Backing up your files can be a life saver but let's face it, if something actually happens to your laptop then you are still stuck trying to replace your device.
Insurance for your devices
Sometimes there is just nothing you can do about your electronic devices being stolen or damaged. In these situations device insurance will be your best friend. You've probably invested a lot into everything that goes into your computer bag and I somehow have a feeling you do not want to buy a new device in the midst of all of the holiday madness. (or maybe you do want a new laptop and don't mind paying for a new one!)
If you cannot afford to replace any of your devices or just do not want to out of your own pocket then insurance is probably a good idea for you. Generally speaking, a full coverage quote for a $1000 laptop will only cost you around $60. A lot better deal than replacing the entire laptop wouldn't you agree?
I know things get crazy and busy during the holidays, but taking the ten minutes to make sure your electronics are protected is going to be more than well worth it.
As I was getting ready to leave my car the other day, I heard on the radio "We will give you an apples to apples car insurance comparison!" My first thought was that I am so tired of hearing companies say that. My second thought was, what does that even mean?
Don't get me wrong, I know what the saying means, but insurance is much more than a product or a piece of produce.
The difference between apples and insurance
I would honestly be lying if I said the apples to apples comparison saying was completely wrong. To some extent is does make sense. The idea is to compare that insurance company's product with the same product we have hoping that we can give you the same policy at a better rate. If this was a farmers' market and you were offering me a cheaper red delicious that of course I am going to come to you; an apple is an apple.
When it comes to insurance however, we need to compare more than just the products; we need to compare the whole tree. What most people fail to see and what us in the insurance industry often fail to reveal is that you are not just buying an insurance policy. You are buying a risk management partner, a consultant, a middle man to cut through the insurance company B.S., a health care reform translator and so many more things. Or you could get none of these things if you don't care which tree the apple comes from.
Receiving a real insurance comparison
Personally, I really do not know much about apples and my father can testify to that. I've asked him so many times what apples taste like what. I have actually stopped buying them for my home because I really don't know what to do with them and often buy the ones that aren't right for my family.
Unless you have an insurance background you probably know as much about insurance as I do about apples. Could it be possible that you are wasting money on insurance like I wasted money on apples? Are you just buying insurance because it is part of your monthly expenses or is it providing a true value to you and/or your family?
When comparing insurance policies you should consider more than the policy itself. Of course a large part of consideration has to do with the actual coverage and price but if you want insurance to be a benefit instead of just a monthly expense, you need to also compare where the insurance comes from.
Here are a few things to consider when comparing insurance:
- Will I have a local agent I can meet with face to face?
- Will there be someone who can answer my questions immediately or will I have to wait on hold 10 min to get a 30 sec answer?
- Are there loyalty programs or association discounts?
- Do they utilize technology to make my life and insurance experience better?
- Do I trust them to handle my money, business, family's well-being?
- Are they willing to educate me so I can make educated decisions myself?
What is important to you? Insurance agencies can do a thousand different things to provide a better service for their clients, but unfortunately some choose to do nothing. What additional services is your agent providing you? What are some things you think would be a useful service to help you manage your insurance? Let us know your thoughts in the comment section.
Want more than a "we will sell you insurance and don't talk to us again until renewal" relationship with your insurance agent? Then contact Diversified Insurance Service and ask about the free insurance services we offer. 877-362-2213
I must admit when I originally began writing this blog post, my intentions were to help you decide whether life insurance was right for you or not. It was going to be a simple list of reasons why one would need life insurance and a simple list why a family would not want life insurance. The post was to be informative and straight forward enough for you to make a decision on whether life insurance was what your family needed.
That was the plan until I found this blog post. "Why life insurance really matters"
I remember when my Uncle passed away. He was sick and it was expected but it was still very painful for the family. If it was not for the church those few days revolving around the funeral I do not think my family would have remembered to eat. It was a very stressful and sobering time.
I remember the day of the funeral though. My Aunt's face looked at peace; she was glad her husband no longer had to suffer. The funeral looked beautiful and everything was put together so well. It was the type of service most people want for their loved ones.
Looking back there was something that seemed insignificant but I see how important it really was. My uncle had an inexpensive life insurance policy that really made a lot happen. Yes his policy paid for the beautiful funeral and without it may not have happened in that fashion. But that is not why it is significant. Life insurance is meant to pay for the high costs of a funeral so that is expected. What was not expected is that it allowed my aunt to take off work to handle the arraignments and to be with family. While some people are forced to go back to work immediately, their family was able to get together for the first time in years and spend time together on vacation. They didn't really care about the vacation, what they cared about was being able to be there with each other and do something that their father had been wanting them to do for years!
Even an inexpensive life insurance policy can help
Gambling with life insurance is like gambling with your family's life. "If I live my family will be fine, if I die they might be able to scrape themselves together and fend for themselves."
I'm only 23 and I am very healthy. I live in a good neighborhood and I drive safely. I have no idea what is going to happen to me in the next 30 years or even the next 30 days. I don't have some monster policy for my family, I have enough to cover my school debt, I have enough to cover funeral expenses, I have enough to cover the things I pay for out of my monthly income, and honestly I do not even notice when they take the money out of my account to pay for life insurance.
It doesn't take a lot of money to protect your family. In most cases you can protect your family for less than your cell phone bill. If you are only bringing home $5 a month after your bills you can still protect your family. Sell some clothes you don't even wear, do some odd jobs. I believe it is important enough to do whatever you need to, to have life insurance.
How important is it for you to be able to protect your family if you are gone?
Making the right life insurance decision
I know how easy it is for me to sit here and tell you that you need life insurance. Believe me I know the process you go through. You Google "life insurance" and you get tons of different companies selling multiple types of policies and your head is just spinning! Even if you read up and become informed on every life insurance policy it is still tough to decide what is best.
Believe it or not but the simplest way is also the best way. Talk with an agent! Life insurance agents spend hours studying life insurance and more hours figuring out how to match these policies up with different individuals lives so why not have someone who has put in so much time help you find a plan that works?
Either call your agent if you have one or call one of Diversified's trusted agents here: Call Now: 877-362-2213 You are making a great decision for your family!
This past weekend I heard the mention of one of these "Death Dinners" over the radio. The radio host was not entirely certain of what it was so I decided to check it out in its entirety.
I know what you are thinking. At first it sounds REALLY creepy; just in time for Halloween right? I found the origins of these dinners, http://deathoverdinner.org/ , and I found that this is a major movement that Americans need to be a part of. The idea of these dinners is to talk about how we want to die which is one of the most important and costly conversations we are not having.
One of the suprising stats given on the site is that 75% of Americans want to die at home yet only 25% of them do. Watch this video below. Even if it is the only thing you have time to do at the moment; this is a MUST WATCH TED TALK!
In no way shape or form am I associated with deathoverdinner.org. I have just felt this is such an important topic that it was noteworthy on our website and I want you to be a supporter to your family and have support when it comes to your final days.
How to be a Powerful Supporter to your Loved Ones wishes
Everyone really is in different situations. Some have family members who are terminally ill. Some of you are finding this after a loved has recently passed. Some may even be thinking of their own deaths but do not want to burden their loved ones. We are all in different situations but it is not too late for any of us to have these conversations.
As a parent to another parent, as a married man to another married couple, as a child to another child whose parents are quickly aging, we must have this conversation and here are some ways to help.
For Parents who want to die at home
If those stats I mentioned were correct earlier, there is a good chance that you, or one of your parents wants to be at home when they pass. A good friend of mine is currently going through this same situation.
His father has always wanted to die at home. The family was on board with this but it got hard once their father started experiencing signs of dementia. Soon their mother was no longer able to take care of him due to her declining health. Because of his father's wish, he moved across the country back home to Northwest Ohio to take care of his parents full time, which he is still residing.
To be allow someone to stay at home as they get older takes work. Most people are working full time and can not take the time out of their schedule to take care of their parents as they become elderly. The alternative to being there yourself is hiring someone to watch after your parents, but this can be extremely expensive.
This is why so many end up in the nursing home or hospice. If you have the opportunity to watch over your parents until they pass away or are fortunate enough to have your children do the same for you then I am so happy for you! But many do not have this opportunity. Long Term Care Insurance may be something that will provide the home care needed to keep individuals in their home.
For those who do not want to put stress on their families
Many people do not want to be a bother to their families. I hear so many people (men especially) say, "just burn my body when I die I don't care what happens to me, no need to do anything big."
That is really great, wanting to put your family first! It seems easy enough to just be cremated without burdening your family financially. But there is more than just financial stress that can be put on your family.
If your only worry is financial, then just set a life insurance policy in place to take care of your debts, funeral expenses and time off work for your family.
Creating a will for your family will set a plan for your family. It lets everyone know what to expect and takes some of the shock out of what's to come.
Your family however, is going to be saddened for long periods of time. They will always be saddened when they think of your death. But having a will, having a life insurance policy, having a way to still provide for your family after you are gone will help them take the stress of your family.
What matters to you?
Neither of the examples given might appeal to you. That's because we all have different ideas of how we want to die. Does your family know your ideas? Are things in place so that you, your parents or other loved ones can pass way the way they envisioned?
Check out deathoverdinner.org. Find out what plans for death or even for retirement and child/grandchild planning, your family has and do something about it!
If there is anything we can do as an insurance agency, call us at (800) 848-2788 or contact us online with your request.
What do you want your final days to look like? What are your thoughts on "Death at Dinner?" Let us know your thoughts in the comment section below.
Car insurance is not a very likable topic yet it is one that is talked about constantly. We are bombarded with car insurance advertisements telling us to get a quote here and save or come to this company and save. Even if we are happy with our insurance company, these advertisements get to us and we start to wonder if we do have the best car insurance or not.
So how do you know if you should shop around or not?
There are no laws that say you can not switch car insurance companies every year if you wanted to. Insurance companies however, appreciate loyalty. Some have loyalty discount programs, because of growing rates some guarantee to lock your rate in forever (unless something drastic happens) and a really important consideration is that insurance companies may not want to insure you if your record says you switch every year.
To make sure you are getting the best rates, I would recommend shopping around every 2-3 years. This does not mean you have to purchase a different policy every couple of years but it is important to know what other companies are offering. If you have an indepdent agent it makes this process easy, just call them up and have them shop around for you every couple of years.
If you like your insurance company by all means stay with them! This blog is not intended to make you feel as though your insurance provider is not adequate but instead to get you thinking and to show you your available options.
shopping for car insurance quotes
There are really two options you have for shopping for car insurance. 1) Get quotes from insurance companies yourself 2) Have an insurance agent shop around for you. Each option has their own downfalls and benefits, so lets break the two down and find what is best for you.
1) Shopping for quotes yourself
If you want something done right, do it yourself! -Right? If you know exactly what you need, you may find the most affordable rates by going from company to company. This option however, will cause you to spend a lot of time calling companies, sitting on hold, and possibly missing discount opportunities.
2) Have someone shop around for you
Insurance agencies love giving quotes! While some agents are committed to one insurance company, independent agents have the ability to shop multiple insurance companies for you. (Online sites are generally just independent agencies but online) Taking this option will put the pressure and work on the agent so you can relax and still be rewarded the best quote they can provide.
What to look for in terms of coverage
Car insurance coverage can sometimes be easily manipulated. When you go looking for car insurance quotes be wary of the agent who finds you a better quote at the expense of coverage. Unfortunately, there are agents who care more about your business than your actual coverage. It is not unusual to find insurance agents that will drop this coverage here, or lower limits there and give you a quote $50 less than your current policy that looks the same when in reality you do not have the same amount of coverage.
Your car insurance policy should have a good balance between coverage and price. I believe in most cases the state minimum is too low, but also take into consideration that you are not paying too much for car insurance.
Speaking with one of Diversified Insurance Service's car insurance agents will allow you to better understand what type and how much coverage you need while staying in the lines of affordability. Get a full comprehensive consultation and quote by calling (800) 848-2788 and speaking with one of our agents.
Starting a seasonal business is a great way to bring in an extra income, especially if you already have everything you need to get started. Small business insurance will allow you to keep your hard earned income and protect you when things do not go as planned. It is great providing a useful service to the community while reaping the financial rewards, but an accident (even if it is not your fault) can cause some serious problems for you and your business.
Whatever you are thinking of doing to earn an extra income this upcoming season, regardless of the time or attention you put into it, is a business. Insurance companies will look at it in terms of a business which means as a general rule, your homeowners insurance will not cover you.
Small business insurance for your seasonal business is thankfully not very expensive. The price varies depending upon your business and your needs. As a business owner, here are some insurance ideas for your seasonal business:
1) Liability insurance is a must. Regardless of what you are doing, liability will cover injuries or damages brought about by interacting with your business.
2) Insurance on products or equipment. Not everyone needs this. If you have equipment, products any property related to your business that you could not easily replace with your own financial means, insurance would be a smart idea.
3) Health insurance. Chances are you have health insurance through your full time employer, or spouse, but with the Affordable Care Act in place I thought it was more than worth a mention.
So far we have gone through a very rough preview of what you might need in terms of insurance. If you are just looking for liability insurance or a small business insurance agent to speak with, I will not hold you up. Click to contact or call (800) 848-2788 to speak with an agent who will get you started on your insurance plan.
Let's get into a little more detail...
Breakdown of insurance for seasonal businesses
I wanted to take this time to breakdown a couple seasonal business insurance plans, so you can understand more about the needs you may have. To get a full breakdown of limits, costs and additional options I would recommend that you speak with a trusted business insurance agent. For sake of simplicity, I will just outline a few business options.
Winter Weatherproofing Homes
Let's think about what's involved with this. Tools, your safety, your clients' homes, your skill and possibly your work vehicle. These are the things you need to have insurance for:
General liability will protect you from being sued for damages if damage is done to one's house or if they are injured.
Property insurance/ inland marine insurance will cover your tools and your property. Tools can be stolen right out of your vehicle as well as disasters like fires that could destroy all of your equipment.
License/ Permit Bonds are required by some clients to work. This is actually for your clients' protection but a protection that you fit the bill for. It will ensure the professional keeps his contractual obligations.
Health insurance / workers comp will provide financial protection for you if you (or if you have employers) are injured.
commercial vehicle insurance is often overlooked because the job is part time and everyone has a personal auto insurance policy. If you get into an accident on the way between job sites (client homes) your insurance company may not cover you.
Taking a big jump away from my previous example, making small gifts is a world different than handy work but still has similar insurance needs.
Liability insurance is needed in the event your product injuries someone or they are injured during the pick up/ delivery of the product.
Property coverage / inland marine insurance may be needed if you want to protect your equipment or supplies that you may have.
Health insurance / workers comp is necessary for injuries or to protect from lawsuits if you have employees.
Commercial vehicle insurance is definitely a need if you are delivering these items even if it is with your family van.
Only looking at two examples we can see how these seasonal businesses have more risks than what it seems on the surface. Realizing you might need 4 or 5 policies seems like it might be expensive, even more so than what you will bring in working your business. Do not worry, 1) the cost of protection can save you more than being sued. 2) these policies will not cost you an arm and a leg small business policies are actually quite affordable.
Don't wait until you are already mid-season or possibly in trouble to think about insurance. Get a free consultation with one of our business insurance agents and discover how beneficial (and affordable) your seasonal business insurance plan can be. Call (800) 848-2788.
I have done quite a few blogs on life insurance in the past because there are so many life insurance questions that need answered. This blog will discuss your options and reasons for having or not having life insurance on different family members.
While I think it is awesome that you are researching and trying to know more about life insurance before you buy it, but in all honesty it is important to speak with an expert on the subject in person so you can get a full understand of what you are buying. Request a call from one of our life insurance agents here.
Before we get into talking about life insurance, I want you to realize that there is no price on someone's life. We do not feel that someone's life should be measured with some amount of money. Life insurance is a financial tool to protect the well-being of the family in the unfortunate circumstance that their life is lost.
Life insurance for the Breadwinner
Most commonly, individuals purchase a life insurance policy for the breadwinner in the family. In the past Dad would go to work and mom would stay at home. The family most likely would not be able to hold their own if something were to happen to Daddy so life insurance was created allowing families to continue their standard of living if something happened to the father (or whoever was the breadwinner).
Generally this is still how life insurance works. Mom or dad (whoever is making the most money) gets a life insurance policy to protect the family's well-being if something were to happen to them. This is how many families have their life insurance set up, but our society has pushed for the need to also consider life insurance for the spouse.
Life insurance for the Spouse
Many families have both parents contribute to the family's income. We are seeing more and more that parents are both working full-time. This brings up the question, "should the spouse who is not the breadwinner, but still contributing greatly to the family's income have life insurance?"
This is really based on your family's needs. Here are a couple examples of when you would need life insurance for the non breadwinner spouse.
To cover the burial expenses. Final expense life insurance will provide you with the extra money to cover burial costs and other costs associated with your spouse's death. You might not need to replace their annual income, but with funeral costs averaging over $7,000 (http://nfda.org/about-funeral-service-/trends-and-statistics.html) it is a good idea to have something in place that will pay those costs for you.
When your spouse's death leaves the family in a stressful financial situation. Your spouse's income may not be the main contributor to the family funds but your family may be lost without it. In this situation it may be a good idea to get a term life insurance policy until you are most financially stable. Even if you only need X amount of dollars to cover their income, it would be in your best interest to take out a little more to cover funeral expenses and time off that you may need to take to mourn your loved one's passing.
Life insurance for Grandma & Grandpa
Remember what was said earlier? Insurance is a financial tool to protect your family. In most circumstances I would not recommend getting life insurance for the elders in the family. By this time they do not have many debts they are leaving behind, they are not contributing much to the family's income and a standard life insurance policy will have a higher premium.
However, final expense life insurance is ideal for those who may not have the money saved up to pay for a funeral. Generally a more affordable policy, final expense life insurance will allow the family to take away the financial stresses of a death and focus on the most important thing... Family.
Life insurance for the children
Having life insurance on children is very debatable. Some think the idea to be sickening while others purchase a policy when their grandchildren are born as a gift. Both sides have their reasonings and neither of them is wrong.
Personally I believe it to be quite alright to have life insurance on your children to cover any funeral expenses. No one wants to worry about money if something were to happen to their child and insurance can help with that.
There are also policies such as the Gerber Life College Plan, that use life insurance as an investment tool for the child's future. Some of these plans allow the child to carry their life insurance forever, giving them security that they will never have to be denied coverage for insurance.
Making your life insurance decisions
It is very important to seek the guidance of a life insurance expert before making your decision. Insurance agents work everyday with different families and are experts at helping people analyze their needs. To get in touch with one of these agents call (800) 848-2788 or send a request online here.`
If you are a babysitter or are thinking about babysitting it is a very smart decision to find out if you need insurance. Having insurance as a babysitter will allow you to protect yourself and just as importantly protect your client.
To keep this simple, we will just be talking about liability insurance for babysitters. Some babysitting services will need additional coverage depending on how their system is set up and what they do. Liability insurance is an essential for all babysitters and we want to focus on the importance of that.
When you need insurance and when you don't
It's great that you want to be insured and are willing to pay the costs to be able to babysit, but you may not need insurance.
When you might not need insurance
If you only occasionally babysit, you might not need insurance. Sometimes you may babysit a day here or babysit again a couple days next month. This situation may not need insurance.
You may volunteer and watch the children for free. In this circumstance your current homeowners insurance may cover you and the child(ren) you are babysitting.
When you need insurance
If you babysit on a recurring basis, you will most likely need insurance. Whether you are at home or at another's home, anything can happen. Insurance will provide a level of safety for you and the children you are watching. However, depending on your babysitting situation, you will have different insurance needs.
If you babysit in your own home, you may be happy knowing that you have liability insurance on your homeowners insurance. Unfortunately this may a) not be enough or b) may not cover your babysitting.
Why wouldn't your liability be enough?
Realistically no one hires a babysitter they don't like. Chances are if someone's child was hurt in your care they will not try to sue you for everything you're worth (but you never know). The reason you want to have enough liability insurance is to care for the child who gets hurt. Say a child is hurt and your insurance is paying for their medical needs and the time their parents have to take off work to care for the. What if they figured your insurance would not be enough to cover everything? Your clients have a choice, foot the bill themselves or sue you. Either way it is not a good situation to put your client in.
Most people underestimate the costs of injuries. Some injuries have brought about millions of dollars in court suits. You may think you have enough, but you should consider speaking with an agent to know how much liability is ideal for you.
Why your liability may not cover you
Many babysitters do not think about this. They get the opportunity to babysit and decide it would be good to have some extra income rolling in. Often times they do not think about insurance or they believe that their homeowners will cover their babysitting.
The insurance problem arises because babysitting is a business. Just as if you fixed cars in the garage, or fixed computers at home, your insurance company will probably require a business insurance policy.
Liability insurance for your babysitting business is fairly easy to receive and it is very important to have. Contact an agent online for more info about having liability insurance or to receive a quote.
Should you consider health insurance?
I wanted to add this in just because it is 2013 and the new Health Care Reform is in effect. This may need changed later but as of right now, we will all need health insurance so I wanted to add this in for those who need to consider it.
If your spouse has health insurance, or if you are employed outside of your babysitting business and they provide health insurance, then you are ok. But you may be uninsured right now and are a babysitter. If that is the case then we can provide you with health insurance.
Other than it being the law, health insurance is a really good idea to keep you healthy and to keep you from undergoing serious problems in the future. Your health insurance needs are not the same as the babysitter down the road, so your best bet when it comes to health insurance is to talk with an agent and get a better understand of what you need.
Call (800) 848-2788 to speak with one of Diversified Insurance Service's agents and take control of your insurance needs.