Author: AgentInsure

What are my life insurance options?

Posted on by AgentInsure

Anyone that is in the Boise ID area will want to spend time considering all of their personal insurance needs. One form of insurance that anyone here will need to think about getting is life insurance. This is a very valuable form of insurance as it helps to ensure that your loved ones are financially protected if you were to pass away unexpectedly. When you are looking for life insurance, you have several options to consider. 

Whole Life Insurance

One common form of life insurance to consider is whole life insurance. When you get this form of life insurance, you are going to receive coverage for the rest of your life. This form of the policy can be more expensive on a monthly basis, but a portion of your payments each month will go into an account that will grow in value. This also makes it a good secure form of investment. 

Term Life Insurance

Another option to understand is term life insurance. With a term life insurance policy, your monthly payments will not accrue in an account, but they tend to be a lot lower when compared to whole life. While there is not an investment benefit, it does allow for more protection for those on a budget. A term life insurance policy can come with flexible terms and coverage amounts to ensure you get into a policy that meets your needs.

As you are shopping for a new life insurance policy, you should spend time considering all of your needs. For those in the Boise, ID area, the Fuhriman Insurance Agency is a great resource and team to turn to. When you call the Fuhriman Insurance Agency, you can have all of your questions answered to ensure you can get into a policy that meets your needs. 

Commercial Insurance: Is Liability Enough?

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Liability insurance is the most important part of your commercial insurance policy in Boise, ID. Even if your savings alone can rebuild the entire store after a fire, even if you run a home office and don’t have much physical property to insure in the first place, liability expenses can cost several times what you make in a year. One injury can bankrupt not only your business but your personal finances as well. So liability is, no matter what, an absolute must.

But is it enough?

The answer is that it depends on the nature, size, and scope of your business.

For some businesses, such as those that work entirely online through a cell phone and a team of freelancers, liability should be enough as long as you have the right kind of liability insurance. Advertising liability can help you out if anyone takes one of your newspaper ads for slander. Errors and omissions can save your business in the event of severely misfiled paperwork. It depends on what your particular risks are.

Some businesses with physical locations would rather rely on their savings to replace and repair as needed than buy insurance. This is your choice, of course, but it’s not always a great idea. As a wise man once said: If you can’t buy it twice, you can’t afford it. Even if you have the money to rebuild should your restaurant burn down, your insurance will kick in right away once you get signed up, and then you can put those savings towards expanding or improving the business.

Our advice: Call us at Fuhriman Insurance Agency or visit the Fuhriman Insurance Agency website and let’s work it out. We can compare quotes for you to get the coverage you need in Boise, ID, but more than that, we can help you to figure out what you need in the first place.

How much pest and control insurance should I buy?

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If you run a pest control business in Boise, ID, you know better how risky things can get. The degree of risk, however, heavily depends on whether you have a pest control insurance or not. At Fuhriman Insurance Agency, we recommend buying adequate coverage to protect yourself and your business in case of a financial loss. In order to determine how much insurance, you need, it’s essential to assess your level of risk.

What types of risks do you face?

All businesses are exposed to a certain level of risks such as data breaches, fire, theft, employee injuries, and many more. Knowing the risk your business faces will equip you with the right information to choose the required coverages and the right amounts. The truth is–the pest control industry faces major problems than most average businesses. Some of the dangers that your business is exposed to include:

  •  Professional liability risks
  • Exposure to harmful chemicals and dangerous materials
  • Auto accidents when delivering or transporting  chemicals that leak
  • Damage to customer property
  • Employee injuries 
  • Environmental risks caused by the release of hazardous substances to the atmosphere.

Every pest control business requires a different level of coverage 

When it comes to insurance, there is never a one-size-fits-all type of coverage. Each business has specific needs based on the information provided. For instance, large pest control companies require more coverage than medium-sized companies. Your business location also determines how much insurance you will need as some environments are safer than others, and others are more prone to natural disasters than others. 

If you are running a small or medium-sized pest control business, you can save up on liability coverages because you have fewer employees. Therefore, it is prudent that you focus on other coverages like professional liability and tools and equipment coverages.

For more information about pest control insurance, feel free to speak to our insurance experts at Fuhriman Insurance Agency in Boise, ID today!

How Does Auto Insurance Change As You Age?

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Auto insurance is a unique type of expense. In most states, auto insurance is required by law if you operate a vehicle. This makes it one of the few expenses required by law. Another unique aspect of auto insurance is that the cost can change depending on many factors. One of the most significant factors affecting car insurance cost is age. At Fuhriman Insurance Agency, serving Boise, ID, we look forward to educating our clients on topics such as this. Keep reading to learn how auto insurance changes as you age. 

Which Age is Most Expensive to Insure?

Car insurance companies rate risk factors based on many things. One of the most significant factors is the time a driver has spent behind the wheel. For this reason, younger drivers are often the most expensive to insure. With more experience, drivers drive more safely. Teenagers and individuals up to their mid-twenties will see the most expensive car insurance rates. 

When Do Rates Start Coming Down?

At about age 25 most drivers will see their rates come down considerably. This is also an age where many people are starting their families or buying homes. These life changes can also affect the cost of car insurance as many policies offer discounts for married people and homeowners. Depending on your driving history, you may see another drop in rates around your mid-thirties. It is important to note that these rate drops can be affected by your driving record. An individual in their mid-thirties with a risky driving record may not see the same savings as a younger driver with a spotless driving record. The best car insurance rates are often enjoyed by drivers in their mid-fifties with good driving records. 

As drivers begin to age into their 60s and 70s rates can begin to increase again. This is often due to the fact that people lose some of their reaction time as they age and therefore their risk factors increase. 

If you would like to learn more about auto insurance and how to get the best rate, please contact our friendly staff at Fuhriman Insurance Agency, serving Boise, ID today. 

Why do I need an Idaho toy insurance policy?

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Anyone that lives in the state of Idaho should consider getting a recreational toy. When you have any type of recreational toy, it will allow you to fully enjoy the great outdoors and weather in the area. If you do own a recreational toy in the Boise, ID area, you do need to consider your insurance needs. There are several reasons why you need to get insurance for your recreational toys.

Provides Liability Protection

One reason to get insurance for your recreational toys is that it can provide you with liability protection. Whenever you are operating any type of recreational toy, you are going to take on a risk that you could cause damage in an accident. If this does occur, you could be left having to pay some significant damage bills. To ensure that you are covered, you should get a recreational toy insurance policy.

Covers the Toy

Additionally, you will want to get a recreational toy policy because it will cover the toy. When you purchase any type of recreational toy, you are going to be spending a lot of money out of pocket. It could be devastating if this asset is damaged or stolen. To ensure that you are able to repair or replace it, you should get insurance as it will cover many situations that could result in a loss.

When you are looking for a recreational toy in the  Boise, ID area, you should call Fuhriman Insurance Agency as soon as you can. The team at Fuhriman Insurance Agency is very aware of how important this form of insurance coverage is. They can then help you to build an insurance policy that will provide you with the right type and level of coverage. This will ensure both you and your toy are properly protected. 

Are All Companies Required To Carry Workers Comp?

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The law tends to vary from state to state, but generally speaking, if you have workers, you are required to carry workers comp.

In some states, like Arkansas, if you only have one or two employees, you can buy workers comp at your discretion. In Texas, it’s not a legal requirement, but employers will be held liable in the event of an on-the-job injury.

If you’re hiring contractors and freelancers, you’re not generally required to cover them on workers comp as they typically bring their own insurance, if necessary.

The question of need extends beyond legal requirement, however.

In every state in the union, if an employee is injured while performing their job duties, you can be held liable, and the expenses of even a single injury can sink a typical Boise, ID business. Even if you can afford to cover it, that’s a lot of money to pay out of the corporate account or even your own pocket.

You’ll want to check what the law is in your state as soon as you begin hiring fulltime employees, but it’s generally not a good idea to go without workers comp, whether or not you are legally obligated to carry it.

If you’re looking to get your people covered in Boise, ID, get in touch with Fuhriman Insurance Agency and see what they can do for you. Whether or not you are legally required to carry worker’s compensation, it can make a big difference in the future of your business. Even in a relatively low-risk work environment, injuries can happen, and when they do, it’s good to know that an insurer like Fuhriman Insurance Agency has you covered.

Does Every Roommate Need Their Own Renters Insurance?

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By default, a renter’s insurance policy only covers the policyholder’s possessions. A home insurance policy will cover possessions for everyone in the home and, in some instances, even the possessions of short-term visitors. But a renters policy in Boise, ID only applies to the person holding the policy.

That said, you can list roommates on your policy. If a pair of roommates want to go in on a renters policy together, that’s certainly an option. There will need to be a primary policyholder, but they can list their roommate, and divide the premiums between the two of them.

This arrangement might not always be logical, however. It doesn’t take much work to add someone to a policy or to have them removed from a policy, but remember that the nature of a roommate situation is, almost by definition, temporary. It’s not unusual to rent a room out to someone only to have them leave without notice halfway through the next month. Even longtime friends and family members may only need a place to stay for a few weeks, in which case it might be a little more hassle than it’s worth to get them covered on your renter’s policy when they might not even stay long enough to move all of their stuff in the first place.

If you have an ongoing arrangement with a roommate in Boise, ID, there’s no reason not to split the bill from Fuhriman Insurance Agency, but exercise some caution when agreeing to such an arrangement. If you’re still shopping around, give Fuhriman Insurance Agency a call and see what they can do for you in your new apartment.

What is the point in having umbrella insurance?

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Having insurance is a basic need for most adults, but basic policies may not fit the needs of everyone. This is why some residents of Boise, ID chose to take out extended coverage, in the form of umbrella insurance.

What is the point of it?

The point of taking out an umbrella insurance policy is to go beyond the basic coverage of a specific type of insurance. This does not include the dollar amount, but also the scope of its coverage.

As an example, your umbrella insurance policy can extend your car insurance to also include protection lawsuits.

Other types of damages found in a policy may include:

  • Slander or Libel lawsuits — If you are sued due to damages from your spoken or written word.
  • Court costs and legal fees — Lawyers are expensive, and courts have varying fees of their own.
  • Bodily harm — Sometimes, accidents go far beyond the expectations of your auto insurance, so you will need additional coverage.
  • Property damage — Destroying others’ property may have limited coverage among typical plans.

What You shouldn’t Get Umbrella Insurance For

While umbrella insurance goes beyond most regular plans, it still has a few limitations. Do not get it expecting coverage for:

  • Damages for business-related activities.
  • Malpractice lawsuits, or lawsuits against medical practitioners.
  • Covering worker’s compensation.

Umbrella insurance is also limited to protecting your liability, not your own needs. For example, if you have an injury, your primary form of insurance will cover it, not the extended umbrella plan.

If you feel you have a lot on the line, you may need to take out an umbrella plan in case something disastrous happens that will leave you hanging out to dry in court. If you need help considering the right move toward umbrella insurance, consider getting in touch with Fuhriman Insurance Agency if you’re in the Boise, ID area.

Three reasons you may want to take out a whole life insurance policy

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Consumers who are purchasing life insurance need to choose between a term life or whole life insurance policy. At Fuhriman Insurance Agency, we offer whole life insurance to consumers in Boise, ID.

Whole life insurance might be the best option for you depending on your particular situation. The following are three reasons you may want to take out a whole life insurance policy. 

Whole life insurance policies build cash value over time.

If you take out a term life insurance policy, you don’t get anything back from the money you put into premiums unless you die during the policy term.

On the other hand, a whole life insurance policy accumulates value over time. Whole life insurance is a long term investment rather than just a temporary safety net in the event of an unexpected death. 

The death benefit provided by a whole life insurance policy is guaranteed. 

Not matter what happens, you are guaranteed a death benefit when you pass away as long as you continue to pay your whole life insurance premiums. Also, this death benefit will not be subject to taxes. 

A whole life insurance policy will not expire. 

You need to renew term life insurance when your life insurance term is up to have further life insurance coverage. Unfortunately, it can be difficult to renew a life insurance policy as you get older.

With whole life insurance, your policy will never expire and remains active for the rest of your life. 

We’re here to help if you have questions about our whole life insurance policies in Boise, ID. Contact us at Fuhriman Insurance Agency to learn more.

5 Ways Commercial Insurance Protects Your Business

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If you’re operating a business or thinking about starting one, commercial insurance is probably on your list of things to do. It’s a good idea to make sure you have the right level and type of coverage, so you can be properly protected and have what you need to be successful. But you might not be sure exactly what type of coverage your Boise, ID business needs. At Fuhriman Insurance Agency we can help you find the right coverage so you can feel good about your policy. Then you can focus on the things that matter most to you, and leave the insurance worries to us. Here are five ways a business policy will protect you.

1. You’ll have peace of mind, so you can focus on operating your business properly

2. You’ll be covered if there’s a problem with your building such as a natural or man-made disaster

3. Your employees will be protected if something happens to them at work

4. Your clients will be protected if they should become injured when they’re on your property

5. You can change or adjust your policy to keep you protected as your business grows

You don’t have to settle for less than the best when it comes to a commercial insurance policy you can rely on. Contact us today at Fuhriman Insurance Agency and let’s get started protecting your Boise, ID business properly. Whether you’re about to launch your business or you’re thinking about changing your policy as your company’s needs change, we can help. Give us a call or stop in and see us, and we’ll be happy to answer your questions. We know insurance options can be confusing, and we want to take away that stress so you can get a good insurance policy and then focus on running your business.