Three misconceptions about commercial insurance

Commercial insurance protects business owners from financial surprises that could compromise the future of their companies. Chastain Agency Inc. is a commercial insurance provider in Gainesville, GA.

Unfortunately, there are some common misconceptions out there when it comes to commercial insurance. The following are three misconceptions about commercial insurance. 

Small businesses don’t need commercial insurance.

Businesses of all sizes can benefit significantly from carrying commercial insurance. You shouldn’t assume your business venture doesn’t need to be insured because it’s relatively small.

Not only does commercial insurance protect your company financially, but it can also make it easier for you to acquire business loans. Many lenders will only loan business capital to companies with commercial insurance. 

You don’t need commercial insurance if you run your business out of your home.

Business owners operating commercial ventures outside their homes sometimes think they don’t need commercial insurance. Such business owners also sometimes feel that their home insurance will cover them for business operations that are run out of their homes.

The truth is that even home-based businesses can benefit from commercial insurance coverage, and home insurance won’t provide any coverage for business operations within a home. 

All commercial insurance policies are more or less the same.

Commercial insurance is one of the least standardized types of insurance out there. Every commercial insurance policy is unique and addresses an individual company’s unique needs and risks.

You need to take the time to carefully design a policy that best fits your company’s unique situation when you buy commercial insurance. 

We’re happy to help you to meet your commercial insurance needs in Gainesville, GA. Give us a call at Chastain Agency Inc. We can provide you with the helpful information you need about commercial insurance options and give you a quote on one of our policies. 

What Commercial Insurance Policies do I Need for my Online-based Business?

If you run an online-based business, you may ask whether you need commercial insurance. The answer is yes. Online businesses encounter unique risks and challenges that could leave you in major financial turmoil. Commercial insurance, also known as business insurance, can protect you from these potential risks and prevent you from paying costly claims out of pocket. We at Chastain Agency Inc. have prepared some of the commercial insurance policies you need for your online business.

  • General liability: just like liability coverage for your car or home, commercial general liability coverage protects you from third-party lawsuits. It pays for legal fees against you for the service or products your sell or provides. General liability covers a bodily injury claim, property damage caused by your business, and medical bills.
  • Professional liability:  Mistakes are bound to happen, but some can cost you a fortune. Professional liability protects your reputation if you make a mistake. It covers missed deadlines, mistakes or omissions, negligence, breach of contract, libel, and privacy violations.
  • Business income insurance:  The policy covers lost income if your business can’t operate due to a covered loss like property damage or physical loss.
  • Workers’ compensation: If you have employees, you must carry workers’ compensation insurance. The policy covers lost wages and medical costs if your employee gets injured. The policy may also include death benefits and disability.
  • Product liability: If your business sells products, you must have product liability coverage. Your product, for example, can be defective and cause injuries or damage to property. The resulting legal claims may be expensive to handle without product liability insurance. The policy also covers improper labels and missing product warnings.

Commercial insurance in Gainesville, GA

Commercial insurance is meant to help you stay in business by protecting your asset from financial disasters. Ready to protect your online business in Gainesville, GA, or around the state? Contact us at Chastain Agency Inc. for a reliable quote.

Reasons Why Most Landlords Are Making Their Properties Pet-Friendly

In recent years, there has been a trend among landlords to make their properties pet-friendly. There are several reasons for this, including the fact that renter’s insurance policies often cover pets, which provides peace of mind to both the tenant and the landlord. Chastain Agency Inc. in Gainesville, GA, is a reliable provider of renters’ insurance, and we can help you find a policy that covers your pet.

How Renter’s Insurance Works

If you’re a renter, your landlord’s insurance policy won’t cover your belongings in the event of damage or theft. That’s why it’s important to have your own renter’s insurance policy, which will protect your belongings and provide liability coverage in the event someone is injured on your property.

Most renter insurance policies will cover pets, so if your pet causes damage to your apartment, you’ll be covered. In addition, if your pet bites someone, your liability coverage will kick in to help with any medical expenses.

Other Reasons Why Landlords Are Going Pet-Friendly

In addition to the peace of mind that comes with knowing their tenants’ belongings are covered by insurance, landlords also know that pet-friendly apartments are in high demand. As of 2022, it’s estimated that 70% of households in the U.S. have at least one pet, so by making their properties pet-friendly, landlords can tap into a large pool of potential renters.

You can also expect prolonged tenancy from pet-owning renters, who are often hesitant to move because it’s challenging to find a new apartment that allows pets.

Get Renter’s Insurance that Covers Your Pet in Georgia

Are you looking for an insurance policy that can cover your pet? Contact Chastain Agency Inc. in Gainesville, GA, to get started. We offer various renter’s insurance policies, and we can help you find one that fits your needs. Give us a call today to get started.

Private health care insurance options available in Georgia

Securing the right private health care insurance policy can be challenging to navigate. Fortunately, the folks at Chastain Agency Inc. are here to provide Gainesville, GA residents with the information they need to determine the most appropriate policy for their needs. Get in touch with our office today and learn more about the options available in our area. 

Finding the right private health insurance policy

If your employer doesn’t offer health insurance, you are self-employed, or you work as a freelancer, you will need to secure a private health insurance policy. This has become easier recently, as fewer employers offer this benefit as more people require their health insurance.

People who are relatively healthy without ongoing conditions may feel comfortable with a high deductible policy. This option is unlikely to be an appropriate fit for folks who require ongoing regular care. More traditional plans are also available. These plans do contain a higher deductible, but depending on the amount of healthcare you receive, they can require a smaller amount of out-of-pocket payments. 

The policy selection process is much less stressful when you sit with an agent to review your needs. This allows them to understand your unique situation better, making selecting an appropriate policy much easier. Why not take the time today to review your health care needs and insurance options?

You can count on us!

Chastain Agency Inc. is here for the greater Gainesville, GA community. We can help you find the right health insurance policy that meets your family’s needs. Give us a call today or stop by our office to learn more about the health insurance options available in our area.

What Is Whole Life Insurance?

When you want to help your loved ones after you are gone and to leave a legacy for them, it’s important to have life insurance. It would be best if you had life insurance to provide for their needs instead of leaving them in financial distress. When you get a whole life insurance policy, there are many benefits of this type of life insurance. Many people choose this type for its many advantages. If you are interested in whole life insurance or other types of insurance in Gainesville, GA, call us today at Chastain Agency Inc. to speak with an agent. 

Your Whole Life

Whole life got its name from the period that the policy is good- your whole life. If you keep paying the agreed premiums, your policy can’t be canceled, not even by the insurance company that issued the policy. Many people like these policies because there is no expiration date as with other types of life insurance. This gives you peace of mind when you know you’re covered for as long as you live. 

Borrow Against It

When you have a whole life policy, the policy begins to build up its cash value after a few years. When a cash value is established for your policy, you will be able to borrow against that amount. If you were to pass away before repaying the loan, the loan amount you owe would be deducted from the policy’s death benefit. The loan is paid just like any other loan. This can be extremely handy if you ever run into financial trouble. 

Get a Whole Life Policy

If you want to protect your loved ones with life insurance in Gainesville, GA, call us at Chastain Agency Inc. to find out more and get your policy. 

Tips To Reduce The Cost Of Commercial Insurance

When most entrepreneurs think about getting commercial insurance for their business, the increase in operational costs always comes to mind. However, there are many ways to make commercial insurance cheaper for your business in Gainesville, GA. Here’s how:

1. Minimize risks

Minimizing the risks at your place of business will make your employees and customers safer, resulting in lower premiums for your business insurance. You can reduce the risk at your business premises by initiating a risk training program for employees and conducting regular risk management reviews for employees and customers. 

2. Categorize Your Employees’ Risk Profile Accordingly

Whether in an industry with a high or low risk of staff injury, properly categorizing their risk profile in your business insurance policy is essential. Not classifying your staff’s risk profile correctly if you are in an industry with a low risk of injury means you will be paying unnecessarily high premiums. In contrast, downplaying the risks that your staff are exposed to in the workplace may lead to your claim being denied if an accident occurs. We at Chastain Agency Inc. recommend that you consult with your insurer to categorize your staff’s risk profile correctly. 

3. Evaluate Your Policy Annually

Reviewing your commercial insurance policy annually is critical to keep its cost down. Doing this annual review will allow you to make changes to your policy, such as applying discounts and removing the add-in coverages you no longer need. 

4. Pay Your Premium at Once

You can make your commercial insurance cheaper if you opt to pay your premiums at once rather than dividing the payments into portions. This is because you will avoid paying a fee for the privilege of subdividing your premiums. 

Are you looking for commercial insurance in Gainesville, GA? Welcome to Chastain Agency Inc. our insurance agents will help you get a reliable commercial insurance deal. Call us today.

Who needs to have health insurance in Georgia?

Having proper personal insurance is vital for anyone in the Gainesville, GA area. Health insurance is a basic form of coverage that people need to have. This type of coverage will help someone save money when they need to see a doctor or obtain other forms of care. There are various scenarios when someone will need to have health insurance coverage here. 

Those that Want Access to Care

One situation when someone will need to have a health insurance plan comes when they want to get access to affordable care. If you need any policy or regular medication, you will quickly realize how expensive it can be. Fortunately, if you invest in a proper insurance plan, you will receive coverage to offset these costs. This can greatly reduce your total personal expenses. 

Those Wanting to Comply with Requirements

You will also need to have a health insurance plan to ensure you can comply with any requirements. Obtaining health insurance for yourself and any dependents is required by law. Those that do not abide by this can face penalties at the end of the year. Further, they will not have access to affordable care without a full insurance plan. 

Having a health insurance plan will always be a necessity for those in the Gainesville, GA area. Once you are ready to start looking for your next insurance plan here, it would be wise for you to call the professional with Chastain Agency Inc. There are a lot of choices that are needed to be made when looking for coverage. Chastain Agency Inc. can help. This will help ensure you choose a plan that is ideal and meets your needs. 

Why Health Insurance Matters

Ask those diagnosed with an illness, and they will tell you the importance of health insurance. Please don’t wait until the hospital slaps you with thousands of dollars to realize why health insurance matters. It would be best to prepare yourself emotionally and financially for any future health issues.

We are all prone to illnesses, and that’s why health insurance comes in handy. Health insurance is your safety net when you need medical care in those tough times. Thinking of purchasing health insurance from Chastain Agency Inc.? Here are reasons health insurance is a wise investment.  

To safeguard your assets and savings.

Most people without health care insurance tend to sell their assets or even borrow money to pay for emergency medical expenses. Health insurance covers the amount required to pay your medical bills.

Expensive medical expenses

The rising cost of medical care is wanting. A single visit to a doctor can cost you thousands of dollars. But health insurance covers medical expenses for you and your family.

Preventive purpose

The most cost-effective way of disease management is by preventing the disease from striking in the first place. Health insurance covers preventive care procedures like vaccinations, annual checkups, etc.

For peace of mind

With the modern lifestyle, so many conditions can arise needing medical care. Instead of worrying about what will happen when you fall ill, purchase health insurance and let your policy carry that burden for you.

Health insurance in Gainesville, GA

Health is wealth. Investing in health insurance ensures you get the best care. Are you not covered with health insurance? Don’t wait any longer. Buy your health insurance from Chastain Agency Inc. if you live in the Gainesville, GA area. Contact us today for an affordable quote.

5 Important benefits of renters insurance

Renters insurance is a property insurance policy that covers losses resulting from damage to personal property in your rental house. It is also referred to as the tenant’s insurance. A standard renter’s insurance policy has three types of coverage to protect you, your personal belongings and living arrangements. Reach out to Chastain Agency Inc. agents in Gainesville, GA, for more information on the different types of coverage available.

What does the renter’s insurance cover?

  • Personal property
  • Additional living expenses
  • Liability

5 Important benefits of renters insurance

For residents in Gainesville, GA, here are five essential benefits you will gain when you buy a renters insurance policy.

1. Safeguard your personal belongings 

If you are living in a rental house, it is essential to keep track of your personal property such as smartphones, laptops, tablets, or gaming systems. The renter’s insurance policy covers repairing damaged goods or replacing personal property

2. Injuries at your rental home

The renter’s insurance policy covers lawsuits for injuries or damages occurring in your home. It also covers damage that you or your family members or pets may cause to others.

3. It covers your additional living expenses.

Suppose your apartment or rental home is damaged and becomes uninhabitable while it’s being repaired. In that case, the Chastain Agency Inc. renters insurance policy covers the additional expenses you will incur as you await the completion of repairs, such as the costs of staying in a hotel.

4. Your landlord’s insurance does not cover you.

The landlord’s insurance policy only covers the physical structure and excludes your personal belongings or injuries in case of an accident.

5. It is affordable

Chastain Agency’s renter’s insurance policy is affordable. Talk to our agents in Gainesville, GA, who will advise you on a suitable cover based on the value of your personal property.

Be sure to visit our website for more information on renters insurance or speak to Chastain Agency Inc. agents for more details about what our policy will cover.

How Does Commercial Insurance Protect My Business?

Gainesville, GA is a fantastic place to own a business. Georgia is a booming state and many startups and small businesses see great success here. As a business owner, you likely know that commercial insurance is essential to protecting your business, its inventory and other assets. 

Commercial insurance can also cover other things, like auto insurance for business vehicles and coverage for employees’ protection should they get injured on the job. These are all offerings that commercial insurance can cover, and important things to address when you work with an agency to select the best plans for your business. 

Chastain Agency Inc. is well versed and highly experienced at helping business owners determine what the best commercial insurance plan is for them. We believe that our customers should be fully informed about the best options available, so we work side by side and ensure we know your business inside and out before making qualified recommendations on what plan is most suitable for your business and its assets. 

Just like home or auto insurance, commercial insurance exists to protect your business in times of trouble. If your business is vandalized, your inventory is stolen, or a customer is injured while visiting your business, commercial insurance can cover all of these situations under the right policy.

Small business owners in Gainesville, GA should prioritize evaluating their commercial insurance plans to ensure they have the coverage they need based on inventory, fleet, employees, and their building itself. At Chastain Agency Inc., we’re here to help business owners and entrepreneurs select the best insurance for their companies. We know it can be overwhelming, and you have more important things to focus on as a business owner. Let us take the guesswork out of insurance for you.