Common Commercial Insurance Myths

When you run a business in Gainesville, GA, you need to be informed about commercial insurance. Unfortunately, there’s a lot of misinformation floating around out there. Here are some of the most common business insurance myths:

General Liability Is All You Need

General liability covers you if someone else is injured or suffers property damage in relation to your business. It doesn’t cover your business property or commercial building.

Commercial Vehicles Are Already Covered By Your Commercial Insurance Policy

You need to take out a commercial auto insurance policy for your commercial vehicles. You may be able to buy both policies from the same provider, but your commercial insurance will not automatically cover the company car.

You Don’t Need Workers Compensation Unless You Have Employees

You don’t legally need to carry workers comp without employees. But workers comp covers the owner of the business, too. If you are an owner-operator, workers comp could save you a lot of missed income in the event of an injury.

Small Businesses Don’t Need Insurance

Very small businesses can sometimes skate by without insurance. These are businesses that are basically hobbies that earn a little extra income. If you depend on your business to make a living, it only takes one accident or lawsuit to bankrupt your company.

Home-Based Businesses Don’t Need Any Insurance

Home businesses typically don’t need as much insurance, since you don’t have a commercial property to worry about. But products made inside your own home, or even on the computer, still come with some liability. If you run an eCommerce site and someone hacks it, stealing your customers’ credit card info, you’re going to be held responsible for that.

Business is all about having the right information. The right client’s number, the right market forecasts, and, the right information on insurance in Gainesville, GA. If you’re still shopping around or thinking of switching providers, get in touch with Chastain Agency Inc. At Chastain Agency Inc., we can get you connected with a policy that works for you and your business.

Do I need to do an inventory of my rental

Renters insurance is something that many people don’t really think much about until they suffer a loss and realize that they need it and don’t have it. When something bad happens and you have renters insurance, you will need to file a claim. A home inventory makes that much easier. At Chastain Agency Inc. in Gainesville, GA our years of experience have given us lots of knowledge when it comes to renters insurance and we are always happy to share that experience with our customers. 

Homeowners are encouraged to have a home inventory but is it really necessary for you to have one for your rental? The simple answer is yes. Making the inventory takes time and is not fun but filing a claim is not a lot of fun and when you are already stressed out by whatever loss you have suffered, adding the stress of trying to remember all the things that you had before may just be one thing too many. 

At the very least, you can go through all your rooms and take pictures especially of any higher value items like electronics. Put your receipts together with these photos and you have a bare minimum inventory. You can always add to it with more detail about things in drawers and closets etc. If you own any valuable jewelry or art, having an appraisal is a must. Be sure to store your inventory in a safe place. 

There is no law saying that you need to have an inventory of your rental but you will be so glad that you did it is you ever have to file a claim for a loss.  Don’t wait until it is too late to cover your possessions with renters insurance. Stop by the office of Chastain Agency Inc. in Gainesville, GA  or give us a call to discuss your insurance needs.

Will my Health Insurance Cover Cosmetic Surgery?

If you’re in need of health insurance, you should speak to an agent who can explain what is and isn’t covered and the deductibles and any other questions you may have. Chastain Agency Inc. in Gainesville, GA has knowledgeable and friendly agents waiting for your queries.

Most people automatically believe (because this is what we have been told all our adult lives) that health insurance does not cover cosmetic surgery. That statement is in fact incorrect. While health insurance does not cover all plastic surgery procedures it does cover some or at least part of the procedure.

Medically Necessary

Some cosmetic surgeries are classified as medically necessary, these are the cosmetic surgeries that are paid for by your health insurance. Let’s look at a few of the cosmetic surgeries that are paid for because after all, we all know how expensive plastic surgery can be – any type of reconstructive surgery this would include a nose job, new cheeks, lip work, face life, etc. but the catch is you have to be horribly disfigured in an accident of some kind so not really an ideal situation.

Breast reduction or reconstruction if the breasts cause back pain a reduction can be deemed medically necessary. Breast reconstruction is only necessary in cases of breast cancer.

Eyelids are a common plastic surgery that is deemed medically necessary an eye lift also known as blepharoplasty is a droopy eyelid. It is a medically necessary surgery because it can interfere with the person’s vision.

To sum up health insurance and plastic surgery, if a persons’ body cannot function normally or if there are possible life-threatening complications due to a condition that would be normally considered plastic surgery the doctor/surgeon can deem the procedure medically necessary.

If you need health insurance or have more questions about plastic surgery and what procedures are medically necessary, call Chastain Agency Inc. in Gainesville, GA today.

How Will Your Insurance Change When Your Teen Starts Driving?

You may think that teaching your teen to drive is the most stressful thing you have ever experienced. For many families making this transition can feel overwhelming. Getting yourself mentally and financially prepared for adding a teen driver is crucial to your family’s success. At Chastain Agency Inc. serving Gainesville, GA we love to take the opportunity to educate our clients and future clients on how they can make the best insurance choices possible. 

How Will Insurance Change After I Add a Teen Driver?

In most cases, insurance premiums will change when adding a teen driver. In order to know how your premium will change, you will need to speak with an insurance representative. Before adding a teen driver, shop around for the best rate. Experts recommend that you shop around for insurance rates at least once a year. This will ensure that you are always getting the best possible rate. Make sure to include the teen driver in the rate quote. Each families’ rate will be dependent on many individualized factors. Each family is different so you will want to make sure you find an insurance choice that works for your particular family. 

Are There Discounts Available?

The best way to keep your car insurance rates low is to always demand safe driving from your teen. A clean driving record is still the best way to keep your car insurance affordable. Be sure your teen understands that there will be consequences for unsafe driving behavior. 

If you would like to learn more about adding a teen driver to your insurance policy, please contact our staff at Chastain Agency Inc. serving Gainesville, GA. 

Understanding your commercial insurance needs

Business owners in the greater Gainesville, GA area have a lot on their plates! Running a successful business takes a lot of hard work and dedication. The team at the Chastain Agency Inc. understands this and is here to provide assistance. Our commercial agent specialists are knowledgeable about the various types of commercial insurance that are available and can work with you to determine the appropriate policy for your company. Whether you have a new business that is just starting out, or you’re looking to upgrade your current commercial insurance policy, we’re here to help!

What to look for in your commercial insurance policy

Every business is different, but there are a few aspects of commercial insurance that are true across most companies. A basic commercial policy is a great first step, but making sure that you have the right coverage specific to your business is a smart way to go. Policy levels and features can vary, and it makes sense to sit down with a local agent and determine the right approach for protecting all of your hard work.

If you have a commercial fleet of vehicles or a lot of customized equipment, a policy that addresses those specific needs will provide the protection you need if your company experiences a covered event. For other firms, business interruption insurance is at the top of the list. Robust inventory coverage is another feature to take a look at. There is a wide range of commercial policies available. 

Give the team at the Chastain Agency Inc. a call today and find out more about the benefits of a comprehensive commercial insurance policy. Our team is here to help the many business owners in the Gainesville, GA community protect their companies with the right commercial insurance policies. 

What Exactly Does Renters’ Insurance Cover?

Having a renters’ insurance policy can be confusing if you don’t know what it covers and what it doesn’t. Gainesville, GA residents can always turn to the agents of Chastain Agency Inc. if they have questions about their policy or need to have one reviewed. Each agent has the knowledge and experience that is needed to provide each client with professional, personalized service when it comes to their renters’ insurance or other types of policies.

Your Possessions

Renters’ insurance does cover all of your personal property that you have in your rental and on the property. This includes your furniture, bikes, any valuables, you may have and any decor. Your personal property includes any of the items that you brought with you when you moved in. Just like with a homeowners’ policy, it’s a good idea to have a video inventory of all your personal possessions that include serial and model numbers.

Your Liability

A renters’ insurance policy also covers any liability you may have to deal with if someone is bitten by one of your pets or is accidentally injured while inside your apartment or rental home. While it’s essential that you minimize your risk as much as possible by keeping tripping hazards to a minimum, accidents can and will happen on occasion. 

At Chastain Agency Inc., residents who live in or near Gainesville, GA can talk to an agent and learn all of the ins and outs of their renters’ insurance policy. Don’t wait to get the information you need! Visit the office or call an agent today and make sure you know exactly what your policy covers!

Is basic auto insurance enough?

Drivers in the state of Georgia are required to carry basic liability insurance.  The law requires bodily injury liability coverage of $25,000 per person, with a max of $50,000 per occurrence and property damage liability of $25,000 per accident. While this insurance protects other people from you, are you willing to leave yourself and your property without protection? The team at Chastain Agency Inc. in Gainesville, GA has the information you need to decide if basic auto insurance is enough to protect you. 

Uninsured motorist coverage

While basic auto insurance is mandated in Georgia, not everyone in the state who drives is in compliance. If you are involved in an accident with someone who has let their coverage lapse and has no assets, you can be left holding the bag. Uninsured motorist coverage can help to give you the protection that you need. 

Collision

If you are involved in an accident where you are the party at fault, getting your vehicle fixed will fall on you. If you have an old vehicle with little or no value that you would not mind losing then collision insurance is not necessary. However, if you have a vehicle that you need to get to work or just to get around and it has significant value to you then collision insurance is something to consider. If you don’t have the money to repair or replace your vehicle, collision insurance is a necessity. 

Comprehensive

Comprehensive insurance is often referred to as non-collision coverage. Not all damage that can happen to your car is caused by another vehicle. Protection from theft, vandalism, hail, and deer is included in a comprehensive policy. Glass coverage is also usually included. Replacing a windshield is not inexpensive. 

Drivers in Gainesville, GA can feel confident talking to the agents at Chastain Agency Inc. about the perfect coverage for your auto. Basic auto insurance may not be enough to protect you completely. Stop by our office or give us a call to receive a no-obligation quote. 

 

Types of Specialty Commercial Policies

If all you know of commercial insurance is a business owner’s policy (BOP), you are missing out on glass insurance, mechanical policies, malpractice insurance and more. This blog explains the less well-known items.

At Chastain Agency Inc. of  Gainesville, GA, we want you to have the coverage you need. You probably already have liability, property and worker’s compensation insurance, but do you know the other types your business might need?

If you have a building with an old-school boiler, a boiler and machinery insurance policy pays for the repair of equipment breakdown. Sometimes called equipment breakdown insurance, it also covers your business interruption losses. 

A debris removal policy reimburses you for damage cleanup from a flood, fire,  windstorm or similar event. This pays for removing the debris so you can begin rebuilding.

You can insure just the glass of your storefront against damage. A glass policy protects you from losses of glass breakage. Most people think of storefront windows and doors, but this would also cover mirrors in a funhouse or dance studio, plus skylights.

If you deliver, store or transport items, you need an inland marine insurance policy. Let’s say your bakery starts delivering cakes. You need this policy just like a dry cleaning business would.

A fidelity bond insurance policy reimburses the business when a bonded employee steals from the business property.

These less common types of commercial insurance provides for coverage of the specialty needs of businesses. You probably won’t need each one, but you may need more than one. Visit  Chastain Agency Inc. of  Gainesville, GA to learn more about specialty insurance you might need.

Why Renters Insurance is More Important in Georgia Now than Ever Before

Rent has been swiftly rising in Georgia, and our state now has the fifth fastest-growing rent rates in the entire nation. But as a tenant in the Gainesville, GA area or beyond, you don’t need to be told this — you already know!

That’s why the experts at Chastain Agency Inc. are here to help prevent unnecessary, big expenses with renters insurance. With a good policy in place, the extreme costs that come with damaging scenarios and liability claims won’t have to come straight out of your own pocket.

And the truth is that renters insurance is more important in Georgia now than ever. Here’s what you need to know:

  • Higher rent rates have come at a result of higher demand – More people are renting in Georgia now than ever, which also means new apartment complexes have more units and keep tenants in closer quarters.
  • Fires and other damaging incidents that start in one apartment often spread to other units. The tenant(s) deemed at fault may be held liable for a portion of the damage, if not all of it.
  • If someone gets injured in your home, even if they’re a neighbor who lives in the same building or complex, you can be held liable for their medical costs. 
  • Landlords aren’t required by law to have insurance, and even if they do, their coverage might not extend to tenants.
  • Theft and burglary rates may have fallen over the past several years in Georgia, but these cases are still far from uncommon. Even if your landlord does have a property insurance policy in place, it will cover the building — not your personal possessions. 

A good renters insurance policy will provide necessary coverage in a wide variety of situations. When you’re ready to explore your coverage options, come visit the Chastain Agency Inc. offices in Gainesville, GA or give us a call. 

How Health Insurance Can Improve Your Life

All people need to ensure that they are properly covered by insurance. While having auto and home insurance is very important, the most important type of coverage that you need to have is health insurance. Having a quality health insurance policy can help to improve your overall health and improve your life a number of different ways. 

Improve Your Health and Wellbeing

One of the advantages of getting a health insurance policy is that it can improve your overall health and wellbeing. Those that are in the Gainesville, GA area will benefit greatly when they have health insurance. Those that have health insurance will have a network of doctors and specialists to choose from. This will ensure that you are able to receive medical care when you need it. Ultimately, this will allow you to focus on your personal health and identify health concerns before they get worse. 

Financial Benefits

Another advantage of having health insurance is that it can provide you with financial benefits. If you do not have health insurance and suffer an emergency, you will need to spend a lot of money to receive care. This will be significantly discounted if you have health insurance. Further, if you do not have coverage, you could face an annual financial penalty when you file your taxes.

There are clearly many benefits that come with having a health insurance policy. When you are shopping for a health insurance policy in Gainesville, GA, it would be beneficial to reach out to Chastain Agency Inc. The professionals at the Chastain Agency Inc. are very aware of all of the different health insurance options that you have at your disposal. They can then get you into a policy that provides you with the right type of health insurance coverage.