As a small business owner, you have your hands full with the day-to-day operations of your company. It’s challenging to find time to think about things like commercial insurance. But protecting your business with the right insurance policy is essential. Not only will it give you peace of mind, but it will also give you financial protection if something goes wrong.

Types of Commercial Insurance

There are many types of commercial insurance available, and the type you need will depend on the size and type of business you have. Some common types of commercial insurance include:

Property Insurance

This type of insurance can help cover the cost of repairs or replacement in the event of fire, vandalism, or other covered events that damage your property.

Liability Insurance

This type of insurance can help cover the cost of medical bills, legal fees, and more if an injury occurs on your property or if you’re sued for damages. A JC Demo Insurance Group agent can help you determine the right amount of coverage for your business.

Product Liability Insurance

This type of insurance can help protect your business from financial loss if a product you sell causes injury or damage. 

Commercial Auto Insurance:

If you have company vehicles, this type of insurance can help protect your business from financial loss in an accident. 

As a small business owner, you must ensure you’re adequately protected with commercial insurance. This type of insurance can help cover the cost of property damage, liability, and more. These are only some of the different commercial insurance available to benefit your small business. Contact JC Demo Insurance Group in Matthews, NC today if you have questions about commercial insurance or want a quote.

No one likes to think about their death. It’s a morbid topic that most of us would rather avoid. But the truth is, death is a part of life. And if we don’t plan for it, we could leave our loved ones in a challenging position. One of the best ways to protect your loved ones is to purchase life insurance.

But how does life insurance protect your loved ones? Below are four ways:

1. Life Insurance Can Pay Off Your Debts

If you have any outstanding debts – such as a mortgage, car loan, or credit card debt – life insurance can help your loved ones pay them off. This can be a huge burden lifted off their shoulders, and it can help them avoid financial hardship. The last thing you want is for your loved ones to struggle financially after you’re gone.

2. It Can Replace Your Income

If you are the primary breadwinner in your family, your death could have a significant financial impact on your loved ones. Life insurance can help replace your income and maintain your standard of living. This is especially important if you have young children who depend on you financially.

3. Life Insurance Can Pay for Final Expenses

When you die, some final expenses will need to be paid – such as funeral costs, burial costs, and any outstanding medical bills. These expenses can add up quickly and can be a financial burden on your loved ones. Life insurance can help pay for these expenses, so your loved ones don’t have to worry about it.

4. The Policy Will Help Your Loved Ones Keep Their Home

If you are the primary breadwinner in your family and you have a mortgage, your death could put your loved ones at risk of losing their home. Life insurance can help pay off the mortgage, so they don’t have to worry about it. This can give them peace of mind and security during difficult times.

5. Life Insurance Can Ensure Your Loved Ones Pursue Their Dreams

If you have young children, you might consider purchasing a life insurance policy to help pay for their education. This can be a great way to help your loved ones pursue their dreams and reach their full potential.

Purchase Life Insurance and Protect Your Family Today

Purchasing life insurance is one of the best ways to protect your loved ones. It can help pay off debts, replace your income, pay final expenses, and keep your family in their home. It can also help pay for your children’s education. If you’re looking to purchase life insurance for Matthews, NC, JC Demo Insurance Group can help. We offer a variety of life insurance policies to meet your needs. Contact us today to get started.

Knowing the most common commercial insurance claims is crucial when purchasing commercial insurance. The information will guide you in picking the coverages that offer the most protection under your commercial insurance policy. Here are the prevalent claims under commercial policies.

1. Burglary and Theft

Commercial enterprises risk burglary and theft from petty criminals, disgruntled employees, and angry customers. Given this extensive risk, it’s no surprise that the most common business insurance claim is burglary and theft. It accounts for an estimated 20% of all business insurance claims.

2. Fire

Many businesses in Matthews, NC underestimate the risk of fire at their premises. However, there can be many fire causes at a business premise, some of which might seem almost impossible until they start a fire. Fire usually results in substantial property damage, and it can be very challenging for an enterprise with no business insurance to recover from a devastating fire. At JC Demo Insurance Group, we advise you to frequently do a fire risk assessment for your business premises to mitigate the fire risk.

3. Weather Damages

Weather damage can be caused by wind, hail, snow, and even ice-cold weather freezing the pipes within the business premises. Natural disaster-related to weather can cause a business to shut down for an extended period. Data suggests that roughly 25% of companies that shut down due to a weather-related natural disaster never reopen, mainly because they didn’t have commercial insurance.

4. Customer Injury

Have you ever asked yourself – what if a customer gets injured or has their property damaged while on your business premises? The injured customer will likely sue the business for injury or damage claims, which can damage your business finances, depending on their injury or damage. This is why most customer-facing enterprises get general liability coverage in their commercial insurance.

Contact JC Demo Insurance Group for commercial insurance assistance in Matthews, NC.

When you think of retirement, you probably think of your individual retirement account (IRA). Perhaps you’ve also put money into stocks and bonds. JC Demo Insurance Group of Matthews, NC, can offer you another way to save for retirement – life insurance.

Life insurance offers far more than just a death benefit to your beneficiary. You can purchase a life insurance policy that includes a cash value account. This type of savings account deposits a portion of each premium after paying the primary policy. Once you accrue funds in the account, the company invests it with other accounts like it.

The difference between opening a savings account yourself and doing it through the life insurance policy comes down to risk. If you open a savings account at a bank and invest the money yourself, you risk losing it to the stock market. However, when you use the life insurance policy method, the insurance company typically includes a provision that you’ll retain at least the amount invested from savings. Some accounts guarantee a minimum annual payment of a specific percentage, for example, two percent. You can earn more on the savings/investment account, but you can’t lose money.

Most cash-value accounts use a stock index, such as Standard & Poor’s, to calculate the payments. If the market does well, you earn more on the invested amount, which keeps growing throughout the life of your whole life policy. Every month when you pay your premium, part of it goes into the account.

Using a life insurance policy with a cash value account lets you provide for your beneficiary in case of your death while saving for your retirement with investments. Contact JC Demo Insurance Group, serving Matthews, NC, for more information on how to use life insurance for your retirement.

It might sound like we just asked a trick question, but at JC Demo Insurance Group, our customers sometimes ask, “What natural hazards does flood insurance cover?” and that’s a great question.

Primary and Secondary Hazards

Floods don’t happen by themselves in Matthews, NC, or anywhere else. It’s considered a secondary hazard because something else has to occur for a flood to happen. A few examples include:

• Thunderstorm
• Hurricane
• Extended Rain Storms

Flood insurance covers any rising water flood. That means the flood insurance policy covers the damage of storms or leaks causing the water to build up or rise.

Although they less frequently cause floods, snowmelt and hail can also cause or contribute to floods. In these situations, flood insurance provides coverage.

Man-made Hazards

Artificial hazards sometimes receive coverage, too. If a dam breaks or overtops and causes a flood, your flood insurance covers the damage to your property.

So, what doesn’t flood insurance cover?

Home Mechanical Issues Aren’t Covered.

If your pipes burst, your home insurance covers that type of flood. The same policy covers the washing machine or water heater flooding. Your flood insurance does not cover this type of flood.

If lightning strikes your home and fire destroys part of the roof, letting rain into the attic or living areas, your insurance also covers that. In most cases, that comes from your home insurance, though.

The great news is that regardless of what situation causes the flood, so long as you purchase your home insurance and add a flood policy, you will own insurance covering every possible flood type.

Contact Us

Contact JC Demo Insurance Group serving Matthews, NC for more information on flood insurance and how it can help protect your home from the inevitable.

Life insurance offers protection to your family financially if one of you passes away. It can also be used to provide for your kids if you have difficulty handling your money. The insurance coverage is generally cheaper than raising children on your own. It can help guard against significant financial losses such as a job loss or an unexpected health condition. It can also provide financial protection when you can’t work and need extra help paying bills. 

When to consider Life Insurance 

You should purchase the insurance cover when you are financially capable of making decisions. If you are between 20 and 40, start thinking about it. The best time to start shopping for life insurance is when you have a solid net worth and feel like you can afford to put some money away each month. When considering life insurance, please don’t limit yourself to looking at the cost of the policy versus not buying it. Please focus on the cost of not having the policy and its benefit. JC Demo Insurance Group can help with tips. 

Life insurance for seniors 

In today’s world, seniors are more vulnerable than ever. They may have trouble getting around, have a limited income, and struggle with a long list of health issues. When considering how best to protect your loved ones against future expenses, it’s essential to consider how much they still have left in the bank.

A life insurance policy can help you cover expenses in case of an accident or health problem and provide for your loved one in the event of a death. To get the best coverage for your money, it’s important to do your research and find a company that offers a variety of options, such as term and universal life. 

Bottomline 

There is much information to absorb and many things you should know about life insurance. It’s always wise to have a plan if something unexpected happens. Even if you have enough money to cover it, life insurance can help soften the blow if you had a fall and break your hip. Do you need life insurance policy help? JC Demo Insurance Group in Matthews, NC can help.

Most business owners have a strong interest in protecting their business and its assets. This type of protection usually comes in the form of commercial insurance. Fortunately, business owners have the option to invest in insurance coverage that protects their business and its assets, regardless of the size. Our JC Demo Insurance Group team is invested in helping Matthews, NC business owners get the commercial insurance they need. 

What is Commercial Insurance?

Commercial or business insurance is designed to financially protect your business, regardless of its size, from a wide variety of situations and circumstances. Commercial insurance protects your business from risks like lawsuits, customer/employee injuries, property damage, theft, and a wide variety of unforeseen situations. 

Are there Eligibility Requirements for Commercial Insurance?

As a business owner, you don’t have to own a particular size business to be eligible for business or commercial insurance. Any business owner can invest in commercial insurance. Some types of commercial insurance may be a legal requirement depending on the type of business you run and the state you live in. Commercial insurance is a requirement in some states. However, those requirements will vary from state to state. More importantly, the type of commercial insurance you invest in should depend on what your business needs. A one-size-fits-all approach to commercial insurance isn’t recommended. Our team at JC Demo Insurance Group can discuss your business needs and any state legal requirements and make recommendations regarding the coverage you need. Most commonly, businesses need liability insurance that can cover various situations. Also, if you own a business with employees, workers’ compensation may likely be a requirement. 

Most businesses would be unprepared to pay for unexpected events, property damage, and many other disasters out of pocket. This is the primary reason why commercial insurance is a good idea. If you have questions about commercial insurance, give us a call. We’d be happy to answer any questions you may have.