Like most business owners, chances are you’re constantly looking for ways to cut unnecessary expenditures from your budget. But when it comes to your business insurance, cutting corners can be costly. Here are the top three costly insurance mistakes JC Demo Insurance Group has found many business owners make when it comes to their insurance coverage. 

Lack of Risk Management Strategies 

With proper risk management programs in place, you can lower your insurance premiums. Preventative strategies such as installing a central burglar alarm, using security cameras, updating older buildings, and using client contracts can reduce your Property, and General Liability premiums, and reduce E&O lawsuit risks.  

Paying For Unnecessary Insurance Policies 

Spending money on something your business doesn’t need is like putting cash in the trash. Every business is not alike and does not have the same insurance needs. When you work with an agent who is experienced with your type of business or industry, they already know the risks you face and can tailor your coverage accordingly. Smart business owners don’t pay for coverage they don’t need and maximize the coverage of insurance they may need for unforeseen events.  

Not Updating Your Insurance Plans 

Changes in your business, even small changes, can affect your insurance policy coverage and needs. If you don’t update your policies to reflect those changes, you could either be lacking in crucial coverage or be paying too much for coverage you no longer need. If you move to a new location, hire or fire employees, start offering new services, or invest in expensive new equipment or real estate, you will probably need to amend your policy to reflect those changes. In general, even if you think you haven’t made any significant business changes, you should have your insurance plans reviewed every six months to a year.  

Talk to your Matthews, NC business insurance experts today about the safety measures you can implement to protect your business and assets. At JC Demo Insurance Group, our agents can steer your business in the right direction and ensure you have the coverage you need. 

Often at times, planning for death may sound bizarre. The fact of the matter is, death is inevitable and it’s important that an individual plan for it. It is for this reason that one should consider getting a good life insurance policy.

With 2018 slowly coming to an end, there have been a number of key trends in the life insurance industry which will definitely affect both customers and insurance companies. Here are the top five trends that have had a vulnerability in 2018.

1. Use of cloud computing

Most millennial have kept off from getting a life insurance plan due to the hustle in getting all the required details. This process has been thought to exhausting and time-consuming. With the introduction of cloud computing, most information required will be easily accessed.

2. The internet advantage

Previously, most steps in getting an insurance cover required a physical meeting between the insurance agent and customer. The internet has however improved convenience since you are now able to purchase an insurance plan from the comfort of your home.

3. Automated underwritings

Introduction of automation tools in the insurance sector has improved customers satisfaction with insurance agents effectively interacting with customers and automatically tracking changes in their underwriting details.

4. Incorporation of the blockchain.

Integration of blockchain in the life insurance industry has led to the provision of a more transparent system for both insurance agents and clients. In addition, it has made the process more flexible and improved security with its audit-ability technique.

5. Multi-channel access

With the fact that most customer needs are digitally inclined, insurance companies have had to embrace the use of smart and seamless was in order that their customers can easily follow through their plans and get the opportunity to regularly update their details from anyplace.

At Matthews, NC, JC Demo Insurance Group, we offer a wide range of life insurance options to both new and existing customers. Call us or visit us today so that we can provide advice and solutions in regards to the 2018 life insurance trends which will be of great benefit to you.

Property damage is an obvious risk from natural disasters like hurricanes. Less obvious is damage that can be caused by business interruption. Even if the commercial building for the business is not damaged, the lack of electricity for extended periods, after a natural disaster, can cause such a severe loss of business revenues that the business may fail unless it has adequate business interruption insurance.

The good people at JC Demo Insurance Group, serving Matthews, NC, and the surrounding area, know very well about the impact of hurricanes on the businesses in the state of North Carolina. They highly recommend that all businesses conduct a commercial insurance review to make sure they have adequate coverage. Business interruption insurance is an important part of their overall protection.

How does business interruption insurance work?

Business interruption insurance is meant to cover the expenses that continue during the period when a business is forced to stop operations. Some expenses are variable and can be paused while the business is not operating. Other expenses are fixed and continue if the business is operating or not.

Work with your insurance agent to separate the business expenses into those two categories to make a monthly estimate of those expenses that must be paid and cannot be stopped.

The next part of the estimate needed for adequate coverage is making an educated guess about how long a business will be forced to stop operating. Minor emergencies, such as street repairs that block customers from being able to enter the facility, are less challenging. Major natural disasters are able to stop a business from operating for many months.

It is bad enough when the area where your business is located suffers severe damage caused by a natural disaster. A wise business owner has business interruption insurance so they do not also lose their business in the aftermath. Contact your agent at JC Demo Insurance Group in Matthews, NC to get a quote.

When a loved one passes on during the term of their life insurance policy – this means the policy didn’t mature – any of the named beneficiaries can claim the proceeds. The claim is known as ‘Life Insurance claim’ or ‘death claim.’ At JC Demo Insurance Group, we can help you with your life insurance claim in Matthews, NC.

How to make a life insurance claim

The most crucial step you must take is to inform the insurance company about the death of the insured. According to insurance companies, there are two main classifications of death – ‘early death’ as well as ‘non-early death.’ They are based on the time the insured took the policy. An early death means the insured died within 3 years of acquiring the life plan.

The papers required to file a death claim for these two types of deaths can vary depending on the insurance company. So, make sure you approach the insurer to get the claim intimation form. You should also ask them to clarify more about the documents you need to provide for the claim.

Document checklist

Usually, a life insurance claim requires these documents:

• The original policy document
• The death certificate
• Police FIR (if an unnatural death occurred)
• Hospital records (if the deceased passed on due to an illness)
• Medical certificate (to show cause of death)
• ID proof of any beneficiary
• Discharge form
• Post-mortem report (if an unnatural death occurred)

Being a claimant, you need to make a claim immediately after the insured dies. Ensure you have all the required documents too. Once you submit the claim, the insurance company should issue a settlement shortly. But, you must determine how the funds will be distributed.

JC Demo Insurance Group has been offering numerous insurance services to Matthews, NC residents. Contact us for more information about life insurance and the claim process.

 

Business owners in Matthews, NC know that there aren’t any guarantees when it comes to predicting how much business you will do in any given time. Some variation is normal, but a real business stoppage could seriously harm the business. At  JC Demo Insurance Group, we help small businesses that need this kind of protection. 

Why Do Business Stoppages Happen? 

Changing seasons bring in different kinds of customers, and sometimes of the year may be very quiet, especially with certain types of businesses. But sometimes a real catastrophe occurs, and the business really has to close until the situation changes. 

A catastrophe includes acts of nature, like an explosion, a tornado, a big winter storm or a tropical storm. Even a fire could cause you to suspend business operations while you take care of rebuilding or moving. 

Expenses Keep Piling Up

While your business is closed, the bills keep coming in. You still need to pay your mortgage, utilities, and other regular bills. 

You will also need to deal with your employees in some way. They can’t do with the loss of income either, as their own bills will still keep come in.

How Much Business Interruption Insurance Do You Need?

Some businesses can be moved to a temporary location while the main problem is dealt with. In those cases, you might not need as much protection. 

Whatever you do, keep good records. The amount you can claim will depend a lot on how much your business loses by being closed. 

A business interruption insurance policy in Matthews, NC is usually part of a commercial insurance package. Call  JC Demo Insurance Group today to make sure your business has the protection it needs. 

If you are like a large number of other people in Matthews, NC – and around the country – you may believe the misconception that only married couples and individuals with kids need life insurance. However, this couldn’t be further from the truth.

There are several reasons why – even if you are single – need to contact JC Demo Insurance Group for life insurance, with some of the most important listed here.

You Have Accumulated Student Loan Debt

Do you think that your debt is going to die with you? Unfortunately, this isn’t always the case. Even though the loans given through the federal government are forgiven if you die, a personal loan with a cosigner won’t be.

As a result, if your parent or someone else co-signed the loan, they are going to be saddled with the debt even after your death. A life insurance policy can help ensure this is paid off.

You are Currently Living with Your Partner/Significant Other

When you are living with someone, you also share financial responsibility. In most cases, you will need both of your incomes to cover important debts – such as the mortgage. If you were to die, would they be able to continue living in your home? Paying for the vehicle you share? A life insurance policy can help ensure this person is taken care of if you were to pass away.

You have Your Health and Youth

Health and age are two of the main factors considered when determining how much you are going to have to pay for your life insurance. If you choose to buy a policy now, you can lock in a lower rate than if you waited another 10 or 15 years.

If you are ready to purchase life insurance, contact our team at the JC Demo Insurance Group serving Matthews, NC for more information.

 

When you have a business, you need good insurance. But if it’s a new business, or you’re not used to owning a company of any kind, you might not know what type of policy you really need. That’s where your insurance agent comes in. They can not only get you a policy that works for your needs, but they can teach you about the policy options you have. Then you can make an informed decision as to how you want to cover your Matthews, NC business the best way. When you work with JC Demo Insurance Group, you get the type of guidance you need to get the best policy for your company.

Commercial insurance policies aren’t all the same. They are very different depending on the type of company you have, since the insurance needs of a factory are very different from the insurance needs of an office, for example. Whether customers come to the location also affects the type of insurance you have, because there are higher liability levels when customers are present. No matter what type of insurance you’re looking for to protect your business, a knowledgeable agent can give you options that will help you get what you need.

By choosing the JC Demo Insurance Group, you can get your Matthews, NC business protected and work with an agent who is able to answer all your questions and advise you about the different policy options you can choose from. Then you’ll have peace of mind, and a policy that will keep your commercial endeavor protected for the long term. As your business needs change, you’ll also want to work with your agent about updating your policy so you are always ready for any challenges your business might face where your coverage is concerned.

People in Matthews, NC are living longer than they ever have before. The most recent analysis of life expectancy calculated by the state of North Carolina has shown that the average person in Matthews, NC is expected to live to be 80 years old.

Better health care, advances in disease prevention, new medicines, more attention to healthier living, exercise, and living in a great part of the country are considered to be contributors to the increase in long life.

At JC Demo Insurance Group we feel that a longer life makes life insurance more important. The length of the terms of a life insurance policy is not as important as the aim of the policy. The terms of any policy should be determined by the reason that a person has for taking out the life insurance policy.

Naturally, age does play a part in the decision about how long life insurance terms should be. We would never think to give a 70-year-old a 40-year term. This is unethical and illegal.

Our view of life insurance is asset protection. The term should be long enough to guarantee that your survivors are provided for financially. Everything that you worked to give your family should be covered and paid for so that your family does not have to worry about money if you die unexpectedly.

JC Demo Insurance Group has been helping people make decisions about how long life insurance terms should be for over 20 years.

We offer our clients an advantage because we are an independent agency. We have relationships with the best life insurance companies in the country. This allows our clients to pick the coverage that best suits their aims. We provide experienced personalized help through each step of the process. Your peace of mind is our goal.

Call us at 704 541 5155 and we will explain how long life insurance terms should be for your goals.

 

Basic commercial insurance covers property, liability and workers’ compensation. Yet, if you work in the housing, construction or demo business, you need an insurance policy that covers incidents specific to your industry. Your JC Demo Insurance Group agent can provide more information about the types of coverage that would benefit your Matthews, NC business. In the meantime, here is a primary of the types of policies available beyond basic commercial insurance.

Additional Commercial Insurance Coverage

Property Insurance covers losses to real or personal property. Boiler and Machinery Insurance, or "equipment breakdown," covers the breakdown of boilers, related coverage can be written to include debris removal after a fire or flood, glass insurance, and other industry-specific coverages. Talk to your JC Demo Insurance Group to find out what coverage would best protect your business. Meanwhile, business Interruption Insurance reimburses lost income or expenses caused by property damage and loss.

Ordinance or Law Insurance has you covered for costs associated with demolishing and rebuild for a partially destroyed building. (Usually 50 percent coverage) Tenant’s Insurance provides the coverage required by commercial lease agreements. 

Crime Insurance reimburses your business for loss due to theft, burglary, and robbery, and Fidelity Bonds pay for losses caused by a bonded employee’s theft of business assets. Errors and omissions insurance protects your business from damages awarded for mistakes that cause injury to another person. Meanwhile, malpractice insurance covers injuries to third parties when it’s determined the level of care fell below industry standards. Also, Directors’ and Officers’ Liability Insurance-covers the legal of lawsuits filed against directors and officers.

Commercial automobile policies cover your business fleet of vans, trucks, and cars, while Workers’ Compensation Insurance-pays for an employee’s on-the-job injuries. 

Contact Us

Contact JC Demo Insurance Group today to set up an appointment for a free quote or to purchase additional commercial insurance to protect your Matthews, NC business.