Author Archives: AgentInsure

Key Things to Know about Commercial Cyber Insurance

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In our interconnected world, where many businesses interact with customers or suppliers across the state, country, or globe, most firms should consider the business risks associated with cybercrimes. Cybercrimes can impact businesses large and small, potentially halting your operations and harming your business’ reputation. To learn how to protect your business against these threats, contact our Insurance Center of Green Valley team serving the Green Valley, AZ area.

What is Cyber Insurance, and Who Needs it?

Cybercrime is any crime using a computer or network to steal information or keep others from using it. Any company that stores customer information or relies on computers, networks, and cloud-based platforms to conduct business should consider cyber insurance to protect against these issues.

Cyber insurance generally falls into three types of coverage:

  • First-party: Covers your direct costs or losses for the investigation, customer notification, lost revenues, and ransomware payments.
  • Third-party or cyber liability: Covers attorney fees, settlement, and fines when others sue you for losses resulting from a cyber incident involving your organization’s computers and network.
  • Errors and omissions insurance: Typically needed by technology businesses, this insurance protects against faulty logic, code, or other issues that result in losses suffered by those who use the businesses’ products and services. It is similar to third-party coverage but focuses on the businesses’ products and services.

Basic preventive measures to guard against cybercrimes may be required to obtain a cyber insurance policy, while taking additional steps may allow for premium discounts.

Working with the Insurance Center of Green Valley

The Insurance Center of Green Valley handles many happy clients’ business and personal insurance needs in the Green Valley, AZ area. Drop by or call us today to build an insurance plan that protects your business and personal assets.

Auto Insurance for Uber and Lyft Drivers in Green Valley, Arizona

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If you choose to use your vehicle to make extra money as a ride-share driver, you must comply with all of the local laws in Green Valley, AZ regarding correctly insuring your car. Be sure to speak with us at the Insurance Center of Green Valley to ensure you are meeting the insurance minimums and protecting yourself and your passengers and customers. Not doing so can make all the difference in terms of financial security.

Understanding Ride-Share Guidelines

Local law requires Uber, Lyft, and other ride-sharing companies to provide mandatory insurance coverage to each driver. The reason for this requirement is simple: It ensures that all parties are covered in the event of a motor vehicle accident. Property damage and liability insurance are both musts, which are critical for covering third-party bodily injury claims. Uninsured and underinsured motorist coverage is also highly recommended.

Of course, that doesn’t mean that individual drivers are not required to have their own personal insurance policies. The state mandates that all Green Valley, AZ residents maintain the minimum liability coverage allowed by law, which is $15,000 per person for bodily injuries, $30,000 per accident for bodily injuries, and $10,000 for any property damage. Whether you are a ride-share driver or not, these are the absolute minimums required to drive any automobile in the state.

The ride-share company’s coverage only takes effect when you actively use your vehicle to pick up and transport passengers acquired through their respective platforms. The good thing about the added protection is that the coverage is much broader and may cover liability costs of up to $1 million per accident, in addition to comprehensive collision coverage for any property damage sustained.

Reach out to the Insurance Center of Green Valley

As a ride-share driver, you may also consider purchasing additional insurance to ensure gaps in your coverage. Remember, policies may vary, and you can’t always be sure you are covered in all situations. That is why it is always best to speak with a local insurer. At the Insurance Center of Green Valley, we always have your best interests at heart. So, please stop in and speak with us at any time!

How many perils do you need home insurance to cover?

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Home insurance offers 10, 15, or all-perils coverage. Homeowners have three choices in levels of coverage from their Green Valley, AZ home insurance – HO-1, HO-2, or HO-3. Which does your Arizona home need?

At the Insurance Center of Green Valley, we recommend the full coverage that an HO-3 provides. Read on to find out why.

About Named Peril Policies

HO-1 and HO-2 policies provide named peril protection. That means if the policy specifically names an event as something it covers, then the policy pays out if it happens and you file a claim.

An HO-1 policy protects ten perils:

  • Aircraft damage
  • Fire, smoke, explosion
  • Lightning
  • Riots and civil commotion
  • Theft
  • Vandalism and malicious mischief
  • Vehicle-caused damage
  • Volcanic eruptions
  • Windstorm
  • Hail.

It provides no liability coverage or personal property coverage.

An HO-2 policy covers 16 perils – the 10 in an HO-1, plus the following six:

  • Falling objects
  • Weight of snow, sleet, and/or ice
  • Flood or accidental discharge caused by HVAC or appliances
  • Accidental damage to HVAC or water heaters
  • Freezing of water lines of any household system
  • Power surge damage.

HO-2 policies also typically include liability and personal property.

HO-3: The All-Perils Policy

An HO-3 policy covers all perils, even things that no one invented yet. Unlike named peril policies, no matter what happens to a home covered by an HO-3 policy, the policy covers it. It includes coverage for liability and personal property; some policies provide for loss of use.

Choosing All-Perils Coverage

At the Insurance Center of Green Valley, we recommend that Green Valley, AZ, homeowners choose HO-3 coverage to protect their homes best. If you have a mortgage, HO-1 coverage won’t meet the criteria for homeowner’s insurance. Why not enjoy the full protection provided by an HO-3 policy? Contact our office today to start your home policy.

Required Auto Insurance in Arizona

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When you own a vehicle in Arizona, the state mandates that you should have an acceptable auto insurance policy. All Arizona vehicle owners are required to have it and to have proof of that insurance. You can’t register a vehicle in the state without auto insurance. There are minimum coverage amounts that must be in your auto policy, but you can add extra coverage as well to have better protection against serious accidents. 

Liability Coverage

In Arizona, two types of liability coverage legally have to be in your auto insurance policy. These are bodily injury and property damage liability. There are two amounts required for the bodily injury portion of the policy. These are one amount for just one injured person and a different amount that’s available for all of the people who are injured. The mandated coverage amount is a bit low when you consider the skyrocketing costs of medical bills, so it’s often recommended that you add to the mandated amounts. In addition, you must have one amount that is for property damage. This pays for the damage an accident causes to the other vehicle or any other damaged property of someone else’s. This is also a relatively low amount of coverage that should be supplemented with more. 

Other Auto Coverage

Liability coverage types pay for someone else’s bills, but what about your own bills? You may have significant damage done to your own vehicle, or it may even be totaled. To get coverage for those bills, you need collision coverage. You will also want comprehensive coverage if you want to protect it from things that happen to the vehicle when you aren’t driving it. 

Get Auto Insurance

Call us at the Insurance Center of Green Valley in Green Valley, AZ to get your auto policy. 

 

Smart Choices, Bright Futures – Why Arizona Business Leaders Trust Commercial Insurance

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As Arizona’s business landscape thrives, business leaders constantly seek ways to secure their investments and protect their future. One of the smartest investments today’s business leaders can make is getting commercial business insurance. 

Whether you’re running a small startup or an enterprise-sized organization, commercial Insurance is an essential business tool that can help safeguard you, your business, and your assets. 

At The Insurance Center of Green Valley in Green Valley, AZ, our team can help! 

Prepare for the Unexpected 

Our unique climate and geography can present an unseen challenge for Arizona business owners. Sudden monsoon-like floods and heat waves lasting for weeks on end can wreak havoc on the landscape and local area businesses. 

Get commercial business insurance to ensure that your business can weather any storm. Commercial business insurance gives Arizona business decision-makers peace of mind when they know their business is protected from unpredictable events like natural disasters, customer liability claims, employee liability claims, and cyber threats. 

An experienced insurance agent at The Insurance Center of Green Valley can talk to you about the benefits of commercial Insurance and help you choose a policy that meets your needs. 

Having business insurance is crucial for Arizona businesses with high liability risk. 

Businesses are considered high liability risks when their operations involve hiring and managing employees, the increased potential for accidents in construction and manufacturing environments, and the need for strict compliance with local, state, or federal regulations. 

Following are examples of businesses with high liability risk. 

  1. Construction Companies
  2. Healthcare Providers 
  3. Manufacturers
  4. Restaurants and Food Services
  5. Transportation and Logistics

Don’t let an unexpected mishap or liability claim affect your business.

Contact a licensed insurance agent at the Insurance Center of Green Valley to learn how to mitigate your risk with a free quote today! 

Auto Insurance for the Environmentally Conscious: Eco-Friendly Options

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As environmental concerns continue to grow in the Green Valley, AZ area, many individuals seek ways to reduce their carbon footprint and make eco-friendly choices in various aspects of their lives, including their vehicles. You might want auto insurance options that align with your environmentally conscious lifestyle. 

Pay-Per-Mile Insurance

Pay-per-mile insurance is a usage-based insurance model that caters to eco-conscious drivers. This type of policy charges premiums based on the number of miles you drive, which can encourage reduced driving and, consequently, lower emissions. It’s a win-win situation for environmentally conscious individuals who want to save money and reduce their carbon footprint.

Eco-Friendly Add-Ons

Some insurance companies offer additional coverage options catering to eco-friendly car owners. For instance, you might find coverage for charging station reimbursement if you need to charge your electric vehicle while on a trip. 

Paperless Policy Management

Going paperless not only reduces clutter but also supports sustainability efforts. Many insurance companies now offer digital policy management options, allowing you to access your insurance documents, bills, and communication online. By choosing this eco-friendly approach, you can reduce paper waste and contribute to a greener environment.

Green Initiatives and Corporate Responsibility

When choosing an auto insurance provider, consider their sustainability and environmental responsibility commitment. Some insurance companies engage in green initiatives, such as carbon offset programs. Supporting companies with eco-friendly values can further align your insurance choices.

Insurance Center of Green Valley Can Help You

At the Insurance Center of Green Valley, we can answer all your questions concerning auto insurance. We assist the Green Valley, AZ. Contact us today. 

Four challenges you may face when you buy home insurance

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Choosing the right home insurance policy is essential. At the same time, a lot of homeowners in Green Valley, AZ face some challenges when they’re buying insurance for their property. 

At the Insurance Center of Green Valley, we can help consumers with any challenges they face when acquiring coverage. Here are four challenges you may face when you buy home insurance. 

Needing to make repairs before an insurance provider will insure your property

Sometimes, homeowners need to invest in their property before finding an insurance company to cover them. If you live in an older home or a home that has experienced damage, you might need to invest in repairs or add new, modern safety features to your home before you can get insurance. 

Being unaware of the limitations of standard home insurance

There are some home insurance limits that homeowners should be aware of. For example, you should be aware that standard home insurance doesn’t cover you for earthquake or flood damage. 

Having a lot of questions about how home insurance works

If you’re buying home insurance for the first time, you probably have some questions. You need to find the answers to these questions by discussing them with your home insurance provider before you buy a policy. 

Not knowing whether you need home insurance or not

Every homeowner can benefit from having home insurance. Some homeowners are required by their mortgage lenders to carry home insurance. You should take it as a given that home insurance is necessary even if you’ve already paid off your mortgage. 

Do you need help meeting your Green Valley, AZ home insurance needs? We’re here to help at the Insurance Center of Green Valley. Call us today to learn more about insuring your home to protect your finances. 

Four challenges you may face when you buy auto insurance

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The Insurance Center of Green Valley is an auto insurance provider in Arizona. If you own a vehicle in Green Valley, AZ, we can insure your vehicle. 

When you’re in the market for auto insurance, you should be aware of the challenges that could come up when you buy a policy. Below are four challenges you may face when you purchase auto insurance. 

Deciding which coverage types to purchase

When you explore your coverage options, you’ll see that there are a few coverage types from among which you can choose. Decide if you want to buy only liability coverage or additional coverage types like collision and comprehensive coverage. 

There are other options available, like uninsured and underinsured motorist coverage. You should know these coverage types and decide if you want them before buying a policy. 

Understanding all the options available to you

Find out which insurance companies offer auto coverage in your area. This way, you know who to consult when looking for policy quotes. 

Knowing how much coverage you need

You’ll be able to choose between different maximum coverage amounts. You should invest in more than minimum liability coverage to protect yourself in a lawsuit. You should also invest in gap insurance on your collision and comprehensive coverage if you are still making payments on your auto loan. 

Planning ahead for auto insurance payments

Plan out your monthly budget and factor in your auto insurance payments. Setting up auto payments can help ensure you don’t overlook any upcoming auto insurance payments.  

Motorists in Green Valley, AZ can contact us at the Insurance Center of Green Valley for assistance. Are you ready to get a quote on a policy? Give us a call today to explore your options. 

How Worker’s Compensation is a Commercial Insurance Benefiting You & Your Employees

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Here at the Insurance Center of Green Valley, we are proud to provide an array of commercial insurance policies to Green Valley, AZ, and other Arizona businesses. Each type of policy has its benefits, but worker’s compensation policies uniquely benefit two parties: the employers and the employees. Just take a look at the following quick list of how:

How Worker’s Compensation is a Commercial Insurance Benefiting Both Employers & Employees

Benefits to Employees:

  • Medical Coverage. Worker’s compensation insurance ensures that a company’s employees receive the medical care they need for injuries and illnesses sustained on the job.
  • Wage Replacement. This insurance also offers wage replacement benefits so employees can be financially secure as they navigate their injury or illness. 
  • Rehabilitation and re-training. In some cases, an employee may be injured beyond their ability to return to regular work for an extended period, sometimes ever. In such cases, workers’ compensation will often pay for rehabilitation and even re-training to get them back at the job site in a capacity right for their health. 

Benefits to Employers

  • Legal Protection. Because worker’s compensation insurance provides employees with medical and wage benefits, employers are generally protected from lawsuits that might lead to injury-causing accidents.
  • Financial Stability. Worker’s compensation uniquely provides employees and employers with financial stability as employees get their wage replacement payouts from insurance companies, and employers don’t have to scramble to meet such out-of-pocket costs. Win-win. 

Get Your Worker’s Compensation Coverage Today

There are quite a bit of choices when it comes to worker’s compensation policies. Give our team at the Insurance Center of Green Valley a visit today to discuss your opt options and other types of commercial insurance.

Required Auto Insurance in Arizona

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When you own a car in Arizona, it’s required for it to be covered by auto insurance. You must have proof of your auto insurance policy and have it available. Not having your vehicle insured can come with fines and fees and jeopardize your vehicle’s registration. If you don’t have the auto policy you need right now, call us at the Insurance Center of Green Valley in Green Valley, AZ. 

Liability Coverage Types

Two types of liability coverage are required in Arizona. The first one is bodily injury liability coverage. This type pays for the medical bills that others have in an accident that’s your fault. This comes in two different amounts. The first is a specific amount of coverage when one person is injured in an accident. Then, another amount has to be in place for everyone with injuries. The second type of liability coverage you have to have is property damage liability. This pays for the other party’s vehicle damage and any damage to buildings, landscaping, etc. In Arizona, all of these minimum amounts are relatively low. It’s generally recommended to get more than the minimum. 

Uninsured and Underinsured Motorists

Coverage for uninsured and underinsured motorists must be added to your auto insurance. However, you can talk to your insurance agent to remove these from your insurance. It’s generally recommended that you keep them, as accidents with these motorists are common, but you don’t have to leave these coverages on your policy. 

Get Auto Insurance in Arizona

If you aren’t sure how much auto insurance you need, call us at the Insurance Center of Green Valley in Green Valley, AZ.