Month: November 2022

Commercial Insurance Renewal: Answer These Questions First

Posted on by AgentInsure

If your business is like most, you have commercial insurance that covers your property, liability, and perhaps some other risks. Fuhriman Insurance Agency in Boise, ID, wants to help you understand the process of renewing your policy to ensure you have the coverage you need at a price you can afford.

Here are some questions to ask yourself as you begin the renewal process:

1. Have You Changed Your Location?

When you move your business, you may face new risks, and your old policy might not cover them. Please make sure you tell your insurance agent about any changes in location so they can help you find the right coverage.

2. Have You Changed Your Hours of Operation?

If you’ve changed the days or hours when your business is open, that could affect your insurance needs. For example, if you’re now open later at night, you may need more liability coverage in case a customer is injured on your property.

3. Have You Added Any New Employees?

You may need to add or adjust your workers’ compensation insurance if you’ve added employees. You may also need to update your liability coverage if your business poses a greater risk of injuring someone.

4. Have You Purchased New Equipment?

If you’ve made significant purchases, like new vehicles or expensive machinery, you’ll need to ensure your insurance policy covers those items.

5. Have You Changed Your Business Model?

Business operations that were once low-risk may now pose a greater liability. For example, if you’ve started selling products online, you may need to increase your product liability coverage.

Make Your Business Insurance Renewal a Breeze With Fuhriman Insurance Agency

At Fuhriman Insurance Agency in Boise, ID, we understand that renewing your commercial insurance policy can be daunting. But with our help, it doesn’t have to be. We’ll work with you to understand your business’s evolving needs and find the right coverage at the right price. Contact us today to get started.

Are there any exceptions where life insurance would not pay my beneficiaries?

Posted on by AgentInsure

Are there any exceptions where the life insurance company would not have to pay out the death benefit to your beneficiaries? It turns out there are a few. Fuhriman Insurance Agency lists some of the most common ones in Boise, ID.

1. Suicide 

In almost all cases, if you die by suicide within the first two years of buying a life insurance policy, the insurer can refuse to pay the death benefit. After two years have passed, though, suicide is generally no longer grounds for denial. 

2. Drug and alcohol use 

If you die from using drugs or alcohol, your life insurance policy may not cover it. This is because drug and alcohol use are considered high-risk activities that can lead to death, so insurers may exclude them from coverage or charge higher premiums for policies that cover them. 

3. Dangerous hobbies 

Certain hobbies, such as skydiving, rock climbing, and bungee jumping, are considered high-risk activities that could lead to death. As a result, your life insurance policy may exclude them from coverage or charge higher premiums for those that cover them. 

4. Not disclosing pre-existing medical conditions 

When applying for life insurance, you’re typically required to disclose any pre-existing medical conditions. Failure to do so could result in the insurer refusing to pay the death benefit if you die due to that condition. 

5. Murder 

If you’re murdered, your beneficiaries will likely still receive the death benefit. However, if convicted of murdering you, they will not be eligible to receive the money. 

There are some exceptions where beneficiaries may not receive the death benefit. If you have any questions, don’t hesitate to contact Fuhriman Insurance Agency. We are here to help Boise, ID.