Month: February 2023

What is toy insurance, and what all does it cover?

Posted on by AgentInsure

Many people have expensive toys like snow machines, four-wheelers, and other fun recreational motorized vehicles. These toys can be costly to replace if you get into an accident. Because of the expensive nature of ATVs, getting insurance for those toys might be a good idea. What exactly is toy insurance, and what does it cover?

What is toy insurance?

Toy insurance covers big expensive toys such as four-wheelers and golf carts. It is necessary to keep these toys maintained so that they stay in working order. If you happen to get into an accident or something damages your expensive toy, insurance will help cover the costs to replace or repair it.

What does toy insurance cover?

Medical payments

Like auto, boat, and RV insurance, toy insurance has the option for medical payment coverage. If you get into an accident and someone in your party gets injured, your insurance coverage will step in to help pay for those medical expenses.

Liability

Almost everything has liability as part of the coverage options, and toy insurance is no exception. Liability insurance covers property damage, injury to other parties, and legal fees if you are at fault for an accident.

Uninsured and underinsured motorist coverage

Sometimes you get into an accident that is the other person’s fault. If so, their liability insurance will help cover your expenses. What if they don’t have any insurance or don’t have enough to cover the total cost? That is where uninsured and underinsured motorist coverage comes in. If you have that as part of your policy, your insurance will cover the damage expenses that the other person caused.

Contact Fuhriman Insurance Agency

If you need toy insurance for your ATV, contact us at Fuhriman Insurance Agency in Boise, ID.

Should all Idaho businesses get workers’ compensation insurance?

Posted on by AgentInsure

The Boise, ID area continues to be one of the fastest-growing parts of the country. Along with this growth, it has become a great place to start and run a business. If you would like to be a business owner here, it is essential that you carefully assess your insurance needs. One necessary type of coverage to get is workers’ compensation insurance. There are various reasons why you should get this coverage. 

Cover Medical Expenses for Employees

One of the reasons for having workers comp insurance is that it can cover medical expenses for your employees. This type of insurance is designed to offer support to an employee if they are injured while at work. This can cover medical bills and replace lost wages. This is a valuable benefit to be provided to your team members. 

Reduce Liability Risks

With workers’ compensation insurance, you can also reduce your liability risks. If you do not have this coverage and someone is hurt, they are more likely to file suit against the business to receive support. With workers’ comp coverage, you can reduce this risk. 

Meet Requirements

Similar to other states, many businesses in Idaho are required by law to get workers’ compensation insurance. If you have employees or contractors on your payroll, you must meet the requirements. If you are not adequately insured, you could face various penalties. 

Being a business owner can be a great idea if you want to be your own boss in the Boise, ID area. If you own a business, you should call our team at the Fuhriman Insurance Agency. Our professionals understand the importance of workers’ compensation insurance and your options. We can ensure you choose a plan to meet your business needs.