Boise ID

Important Things to Note about Bar & Restaurant Insurance

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Owning a bar or restaurant can be very rewarding. These are not only places where people come to take meals, drinks and watch games but also they are places where most of the best memories with families and friends are made.

You may realize that when clients pick the best place to be spending their weekends or holidays, they will stick to it. The best way to appreciate their loyalty is by ensuring that they are protected, and they can feel safe while in your bar or restaurant in Boise, ID.

Fuhriman Insurance Agency provides bar & restaurant owners with numerous policies and also we can assist you to select the best coverage that suits you. Before buying a bar & restaurant insurance policy, there are several things you need to know which include;

The basic policies

Bar & restaurant insurance comes with numerous basic policies, and you will need to choose the one that suits your specific needs.These policies are similar to commercial insurance coverage which includes;

Property coverage – This is to protect the things and inventories that your business own.

Liability – The policy protects your customers and helps you pay for the damages that may occur to them when they are on your business premises.

Workers compensation – It caters for medical benefits and wage replacement if an employee is hurt in the workplace.

Commercial auto insurance – If your business owns vehicles, the coverage is meant to ensure that they are protected.

Things affecting your insurance needs

The type and the premiums you need for your bar & restaurant insurance depends on various factors which include; location, lease requirement, losses history, hours of operation, property type and volume just to mention a few. You should note that if your bar or restaurant leases its space, there are specific insurance requirements expected to meet the lease without violation.

To learn more about bar & restaurant insurance in Boise ID, contact Fuhriman Insurance Agency today. We will help you learn more so that you can make a sound decision before settling on a policy.

Who Needs Workers Compensation Insurance

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Owning a business is a dream for many people. When you do own a business, there are many things that you need to take into consideration that you may not have thought about. For those in the Boise, ID area, one thing could be the need for workers compensation. There are several situations in which you will need to have a worker’s compensation policy.

Business with Employees

Workers compensation insurance is a requirement by law in almost every state in the United States. In the state of Idaho, all businesses that have one or more employee is required by law to carry workers compensation insurance. In fact, you are required to have the full policy in effect before your first employee even starts working for you.  

Contract Employees

Even if a business does not necessarily have direct employees, they still may be required to have Workers Compensation Insurance if they have employees hired on a contract or temporary basis. All employees will need to be covered.  If you have received the employees from a temporary placement or contract-consulting agency, they may be covered under the other company policy.  In these situations, you may not need to pay for the insurance, but it is important that you confirm that all employees are covered.  

Volunteers or Interns

Many businesses also receive seasonal help from volunteers or interns that are looking to gain experience. While these employees may not receive any form of compensation or other benefits, you are still taking on risk when they are at your place of business. Because of this, you will need to have a worker’s compensation policy in place to cover them, unless they are covered by a different program.

For businesses in the Boise, ID area that are trying to figure out their insurance needs, working with Fuhriman Insurance Agency could be a great option.  Fuhriman Insurance Agency will help you better understand your requirements and help you get a sufficient policy.  

Young and Single – Why Life Insurance Now?

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There is an interesting aspect of life insurance coverage in Boise, ID that many people don’t take advantage of when they can. Buying a policy when young and healthy is always going to be far less costly then when older. It’s based on a very simple principle that, according to the Fuhriman Insurance Agency, risk goes up the older one gets. So, a 40-year-old buying a term life policy is never going to be able to get the same coverage pricing as a 21-year-old. However, many folks think they should only be considering life insurance once they are seriously involved or married or raising kids; the logic is stuck on the idea someone already has to be around aside from the insured to make the policy worthwhile. In fact, by purchasing a policy when young, a customer locks in one of the best coverage pricing points possible. And since term life insurance can be maintained on single term policies for up to 30 years at a time, it starts to make real sense when one does the numbers with a lower price point versus starting later at a higher premium price level when older. And this same benefit applies on life insurance whether a customer is in Boise, ID or anywhere else in the U.S.

So if you’re thinking there’s no real reason for you to have life insurance because of being single and young, think again. Securing a policy now through a reputable insurance broker like the folks at Fuhriman Insurance Agency could provide a huge cost advantage versus later on when risks are naturally higher. Don’t get caught up in mistaken assumptions. Call the Fuhriman Insurance Agency staff to day to find out what a simple term life policy can do for you in the long term.

 

Should I Update My Toy Insurance If I Add Parts or Update My RV?

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If your RV is totaled or stolen, your insurance policy should pay out the current value of your RV. However, if you have added parts or updated the RV, the insurance company may not know the right value of the RV. As such, one of the questions that we at Fuhriman Insurance Agency, serving the greater Boise, ID area, are often asked, is whether someone should update their toy insurance policy if they add parts or renovate an RV, and if so, how should they do that. Here is some information you need to know. 

If you have renovated your current RV or have added on parts that have increased the value, you will want to call your insurance company. If you added on parts, you may need to add those parts to the policy to ensure they are covered. If they are not added to the policy, they may not be covered against theft or damage. If you have updated or renovated your RV, an appraiser may need to inspect your RV and assess its new value. Either way, the insurance company will let you know what you need to do to get these items covered and ensure your RV and all of its parts, are fully covered under your insurance policy. 

If your current toy insurance policy needs to be updated, or you are in the market for a new one in the greater Boise, ID area, contact the Fuhriman Insurance Agency. We can help you put together a policy that best protects all of your toys and RV. Call us today to get started. 

What Does Life Insurance Really Cover?

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Life insurance may be one of those topics many people avoid. However, it can provide great peace of mind when an individual considers the needs of their family members. The beauty of a life insurance policy is that an individual can arrange it to meet the specific needs they feel require special attention. Are there minor children to think of? What about debt resolution? Is there a desire for a charitable donation? At Fuhriman Insurance Agency in the Boise, ID area we can help you make these decisions by providing information and life insurance policies that meet the needs of both you and your family. You’ll feel better just having the knowledge you need. From there you can make your choices and know that you’ve prepared your family for any eventuality. If you already have life insurance, it also pays to review it regularly. Term or universal policies may not keep up with the changes in your life. Come see us today and we’ll help you work it all out.

Here are a few questions to ask yourself:

  • Is my life insurance policy up to date?
  • Does it reflect the needs of my growing family?
  • Does it reflect changes due to divorce as well?
  • Are my debts like retail debt, mortgage, and medical bills accounted for, and would my policy cover these?
  • Have I moved or changed work places?
  • Have I already made final arrangements, or is this an expense my family will have to consider?
  • Do I want term or universal life insurance?
  • What other arrangements can I make with my life insurance policy?

We’re pleased to serve the Boise, ID area and our agents at Fuhriman Insurance Agency have the resources to assist you in updating your policy. Call or visit today.

Bar fights and your insurance needs

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Bar fights and insurance needs probably aren’t the first topics a new bar or restaurant owner think of, but preparation remains vital to business success. No bar or restaurant owner wants to think about a fight breaking out, but drama occurs in even the finest establishments. Proper insurance preparation is key. Every owner needs to understand the legal doctrine of premises liability and obtain premises liability insurance.

Premises Liability

The law considers bar patrons and restaurant goers "invitees." Invitees have the right to remain safe from harm or injury while on the premises. Premises includes the parking lot, alleys, and land on which the establishment sits. The owner "must do everything reasonably possible" to keep patrons safe. Inviting children onto the premises increases the burden of "adequate warning" and protection. Hiring security or bouncers comes under this. If a fight breaks out and a court finds for the patron, the cost to the bar or restaurant can be great. Carrying proper insurance protects the establishment.

No-fault Premises Liability Insurance

Many establishments purchase no-fault premises liability insurance. This insurance pays injury claims of patrons regardless of who was at fault. It does not cover pain and suffering, however. The insurance covers other incident types, as well, like falls and fires. This is a separate policy from the business insurance policy. Carrying this policy helps the business avoid lawsuits by paying for the patron’s injuries regardless of fault.

Boise, ID’s Fuhriman Insurance Agency can help you understand the special insurance needs of a bar or restaurant. We’ll help you determine the policies you need and appropriate coverage amounts for your establishment.You can avoid potential lawsuits through proper insurance. In Boise, ID, Fuhriman Insurance Agency wants to help you keep your business safe and growing.

Your Car: Is It Covered By Renter’s Insurance?

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At Fuhriman Insurance Agency, we have seen just about every kind of problem that could affect a homeowner. One that is sadly common is losing a rented home through a fire, including the vehicles parked in the garage. Will your Boise, ID renter’s insurance policy cover your car?

Sadly, Your Car Is Not Covered

Renter’s insurance will not cover vehicles or cars that are damaged as a result of any circumstance. In fact, most policies will expressly state that they do not cover this kind of damage. While this can be a frustrating situation, it is understandable. It would cost the company too much to pay for your car repairs.

There is one instance, however, in which renter’s insurance may cover your car damage. That is if your car is used to service the residence, rather than being used on the road. This situation can be confusing to understand, though, so it is vital to discuss how it works.

When Renter’s Insurance Covers Your Car

As mentioned above, renter’s insurance will cover your car’s physical damage if the vehicle is used to service the home. This means that the vehicle is used only on the property and to service it. For example, if you live on a piece of rented property and you own a truck that you use to do farm work, then it is likely to be covered by renter’s insurance.

The tricky part of this is that your vehicle cannot be used for any roadworthy purposes. In fact, it can’t even be registered to drive on the road at all. In this instance, your vehicle is considered part of the property and is covered. Otherwise, renter’s insurance does not cover your vehicle.

Covering Your Vehicle And Home

Don’t hesitate to contact us at Fuhriman Insurance Agency today if you live in Boise, ID or in the surrounding area. We will provide you with the high-quality help you need to protect your vehicle and your rented home from serious damage.

How to Know if a Worker is an Employee or Independent Contractor

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As a business owner in the Boise, ID area, it’s important to know if you are working with an independent contractor or if you have an employee according to the Idaho rules.  The difference can affect your business in a variety of ways.  Idaho State uses a control test to help determine if the working relationship is employee-employer or an independent contractor.  The “Right to Control Test” has four main areas to help guide you through the distinction. 

  • Control by the business.  If the business requires set hours of work, provides training, integrates the worker into the business’s main mode of operation, or has a requirement of reports on a schedule, then it is an employee-employer relationship.  If the worker provides their service to other companies and the general public, it’s likely they are an independent contractor.
  • Method of payment.  If payment is made by regular intervals – hour, week, day, month or other intervals, the relationship is employee-employer.  If the worker could have a profit or loss as a direct result of their service, then they are considered an independent contractor.
  • Necessary equipment.  If the company provides the equipment necessary, then it is seen as an employee-employer relationship.  An independent contractor makes the equipment investment.
  • In an employee-employer relationship, there is an ongoing relationship focused around the work.  If it is not an employee, the relationship can be ended without liability by either party at any time.

A “yes” to any of these items can mean the relationship is employee-employer.  Use the “Right to Control Test” as a guide.

Fuhriman Insurance Agency

The Fuhriman Insurance Agency provides commercial insurance to companies in the Boise, ID area.  Contact a Fuhriman agent today to review your business insurance needs.

What Is Umbrella Insurance and Why Do I Need It?

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We live in a litigious society. As a Boise, ID homeowner, having added insurance protection and knowing your personal assets aren’t at risk can bring peace of mind. Just as an umbrella protects you from inclement weather on a rainy day, added umbrella insurance coverage can help you shield your personal assets in the case of a large liability claim. Having umbrella liability protection in place if you are found liable for legal damages that exceed your homeowner or auto insurance can help you avoid financial ruin

Umbrella coverage kicks in when you have reached the limits of your present homeowner or auto policy coverage. If your homeowner policy has $500,000 limit, by purchasing an additional umbrella policy you can cover claims that run higher than $500,000. This protection covers a variety of claims as well as legal defense costs, slander, libel, and defamation of character.

Why Should I Buy an Umbrella Insurance Policy?

The more you own, the more you have to lose, in the event of a large claim. If you have accumulated any type of personal wealth, including, but not limited to, a home, property, or an investment portfolio, you can potentially benefit from an umbrella policy. Check with Fuhriman Insurance Agency to find out if you have assets which need extra protection, or if you may be a target of a large lawsuit.

An umbrella policy may also protect you if you are the type of person whose personal circumstances can make them a target for a lawsuit, such as someone who:

  • Has a swimming pool
  • Owns a large-breed dog
  • Participates in hobbies or sports that could lead to unintentional harm to others, such as auto racing or hunting

The Pros of Umbrella Insurance

Umbrella insurance provides coverage not covered in your homeowner or auto insurance policy. If you have a low tolerance for risk an umbrella policy is an attractive protection method for securing your assets. There are many advantages to having an umbrella insurance policy, including:

  • Your retirement nest egg is protected. A large liability lawsuit could potentially drain your savings and delay your retirement. With umbrella coverage that is less likely to happen.
  • Your family and pets are covered. It is difficult to control the behavior and actions of other members of your family, including pets. In the event that you, other family members or pets cause harm or injury, an umbrella policy will cover those claims.
  • It’s relatively inexpensive. An umbrella policy doesn’t take effect until your primary homeowner and auto policy limits are reached, so coverage rates are generally inexpensive. 
  • Peace of mind. You’ll rest easier knowing that large, unexpected liability claims won’t cost you your savings.

For more information about how to protect your home, family, and assets, call the Boise, ID insurance experts at Fuhriman Insurance Agency today.  

 

Does Everyone Need Life Insurance?

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Does everyone need life insurance, a question that is often asked. The short answer to this question is no. Not everyone needs to have a life insurance policy. For those that live in the Boise, ID area, the agents with Fuhriman Insurance Agency can help.

The reason that not all people need a life insurance policy is that not all people have someone that needs money or that is going to need to be taken care of when they pass. Those that do not have children, do not have family that will inherit a large amount of debt, or that have already paid their final expenses and will not need the policy to pay for them do not benefit much from a life insurance policy.

If you have children however that are either under the age of 18 or that are going to inherit your debt or have to pay for final expenses, you can certainly benefit from a policy. Similarly, if you have family members that are going to inherit your debt or have to pay expenses you may want a policy. Life insurance does not benefit only the friends and family of the deceased, however.

If you take out a policy that has partial payouts in the event of serious injury you may be able to benefit from your death. If you have a desk job that is a low risk you may not want to spend the money each month on a policy that you will likely not use. It is always helpful to have a professional answer any questions that you may have and for those in the Boise ID area, the agents with Fuhriman Insurance Agency can help answer your questions and get your policy sorted out if you truly need and want one.