Does My Employer Have to Provide Life Insurance?

People live in Clovis, NM, for a number of reasons. Cost of living is low. There’s none of that urban sprawl and hassle. The desert air is great and the sunsets are unbeatable. Life in the area can be pretty laid back, and as a result many residents don’t always take a proactive stance on things like life insurance. You know you need it, but you might not know the best way to get it. General Insurance Agency has the answers you seek.

It Depends on the State

New Mexico is among many right to work states. That comes with its own set of pros and cons. The good news is that you can leave any job at any time for any reason. You can also take any job offered to you. On the other hand, employers have that same freedom. They can fire any employee for no reason at all. They also aren’t obligated by the state to provide benefits. New Mexico law makes no guarantees for retirement, health insurance or life insurance. The first two on that list are partially covered by federal law, but life insurance is not. Your job in Clovis, NM, might include life insurance, but it doesn’t have to.

Staying Protected

Life insurance is a bit of a problem for New Mexico residents. It’s one of the states with the lowest levels of coverage, and many New Mexicans suffer as a result. If your company doesn’t provide life insurance, you still need a policy. Thankfully, seeking out your own solution isn’t terribly difficult. Depending on your situation, you may be able to lock into an extremely affordable policy that lasts for the rest of your life.

Your policy won’t magically appear. You will have to put in a little effort. General Insurance Agency is here to make it as easy as possible. Make a phone call and see what policies are available. You can be covered with less trouble than you think.

 

The Importance of Commercial Insurance

Whether you established your business many years ago or are just starting out, commercial insurance is something you will be happy that you had. Commercial insurance from a trusted insurance company, such as General Insurance Agency in the Clovis, NM area, will protect your business from a wide range of financial burdens, including workers’ compensation, liability, crime, and natural disasters. Without this insurance, you are looking at paying out of pocket if something were to happen to your business or employees. Not only would you have to fork over the cash, but there may also be legal penalties for failing to acquire the proper insurance.

Types of Commercial Insurance

There are a number of insurance policies to consider for your business, but the most common ones are:

  • Workers’ compensation: Will protect against any accidents that may occur with your employees.
  • Liability:  Keeps the business safe when damage is caused to any third parties, such as customers.
  • Property: This type of insurance will keep the business safe against any damages to the property, like a fire or natural disaster.

Benefits of Commercial Insurance

Accidents or theft occur more times than they should, so it is crucial that you take action against it ruining your business by obtaining commercial insurance. Whether your employee gets injured on the job, your store is broken into, or a customers’ items are damaged in your place of business, being covered with this type of insurance will protect the business you have built. But you can’t do it alone. Having an insurance company that you can depend on in the Clovis, NM area will put your mind at ease. General Insurance Agency is one type of insurance company that would be happy to help you find the right coverage for your needs. However, make sure to do research insurance companies in your area to find that one that will work best for your business.

 

How to Determine What Kind of Commercial Insurance You Need

Commercial insurance is a unique type of insurance in that there is no specific policy that you can choose. It is one where you can actually build what you need into the insurance plan so there are no two insurance policies that are the same. This is true even in Clovis, NM and if you are looking to get a commercial insurance policy for your business, General Insurance Agency can help you. 

Because no two businesses are exactly alike, there are no two commercial insurance policies that are as well. You want to be able to choose the things that you need in an insurance policy to make it work for you. In order to determine how this insurance policy will look, you need to take a look at what you need specifically from a commercial insurance policy. There are a lot of things to take into consideration including things like workers compensation and coverage for any machinery that you may have. It may even be helpful to take a look at some of the most common coverages so you can make sure that you get exactly what you need from your policy. 

Because there is so much that can be covered by a commercial insurance policy, you want to make sure that you cover everything that you need. This can be hard to do if you do not know what to consider or if this is your first commercial insurance policy. If you need help figuring out what you need in your policy to make sure that your business is completely covered, be sure to reach out to us here at General Insurance Agency, serving Clovis, NM. We can help you find the right policy that will fit into your budget. 

Put Your Car in Your Garage (Your Insurer Will Love You For It)

One of the biggest contributors to people’s cars being broken into in Clovis, NM is when the same car owners make it easy for thieves and vandals to access the car. Folks who are in the business of looking for easy opportunities most often roam for quick grabs. And leaving one’s car outside and, in some cases, unlocked, makes it much easier for a thief to help himself than if the car is in the garage. The more barriers between a thief and a target, the more likely that a thief is going to opt for an easier alternative.

The home garage is far more effective than an ignition lock, a sound alarm, a neighborhood watch or even a wheel block. That’s because the garage door literally takes the car out of sight. Further, it elevates the crime in Clovis, NM when a criminal gets caught by the police. It’s one thing to grab a small item from the car or break a window. In most jurisdictions, that’s a misdemeanor. However, once a person breaks into a home, even a garage, they have definitely crossed into the felony territory. And if someone is home, it changes from a larceny into a burglary, and even more serious felony class. So many thieves avoid homes altogether, opting for the easier path in theft crimes from what General Insurance Agency experts have seen with claims.

To find out how much of a difference a garaged car can mean for your auto insurance, have a chat with the folks at General Insurance Agency. They can get right down to the details of how the simple garage can mean big difference savings for your car insurance policy.

How Much Auto Insurance You Legally Have to Have

Auto insurance is something that can be a bit tricky for some but it doesn’t have to be. Here at General Insurance Agency, serving Clovis, NM, we know that you simply need to have the minimum amount of coverage based on the laws in the state. You do not have to any anything more unless you want to have it but you cannot have anything less or you will be breaking the law. As long as you meet the minimum requirements for the state of New Mexico, you will not have any issues.

What Are the State Minimum Requirements?

In the state of New Mexico, the laws for auto insurance outline that drivers of vehicles are required to have minimum liability auto insurance. There are also specifically set amounts of coverage that are needed. Drivers need to have at least $25,000 in coverage for bodily injury to or death of one person, $50,000 in coverage for bodily injury to or death of two or more persons, and $10,000 in coverage for property damage in any one accident. Keep in mind that these are all liability coverages.

Now that you know what is required of you in order to remain legally compliant in terms of auto insurance in Clovis, NM, you need to make sure that you have that coverage. If you are not sure how much coverage you currently have and if it meets the minimum requirement, we can take a look at that for you. if you do not have a policy, we can even get you a free quote for coverage that will ensure you are following the law and also staying within budget. Be sure to reach out to us here at General Insurance Agency today to get started.

How to Choose the Right Coverage for Your Business

Finding the right insurance coverage for your business in Clovis, NM can depend on a number of different factors, including your industry, how many employees you have and risks associated with your business. An agent at General Insurance Agency can help you find the right coverage for your business, but there are a few things you should know.

You will want to start with business liability coverage. General liability coverage will cover a number of different things that could affect your business. Coverage includes bodily injury and property damage that is caused by your company. It also includes if your company is sued due to copyright infringement or other defamation lawsuits.

If your business has employees, some type of workers’ compensation insurance can be necessary, even if your employees are not doing physical labor. Those that work at desk jobs can suffer injuries to their wrists that still need to be covered. No matter what type of work your employees do, workers’ compensation can be beneficial for the company.

Thinking of additional risks you have can help determine what additional coverage is needed, and you will want to review on an annual basis. Ask questions about your business’ day-to-day operations; is there expensive equipment that is handled? You know your business better than anyone, so make sure to discuss any risks with an agent. If a business has a lot of company cars, commercial auto insurance should be considered. General liability insurance does not protect against fault to properly render services, so for service-based professional firms like lawyers, accountants, and consultants, professional liability insurance may be necessary.

As your business grows, you may need additional coverage to stay protected. Contact an agent at General Insurance Agency serving Clovis, NM for a quote on business insurance.

No-Fault Insurance: What This Insurance Types Means For Your Car

In Clovis, NM, there are a lot of people who are confused about no-fault insurance and how it affects their vehicle. That’s why we at General Insurance Agency want to set the record straight about this insurance and how it affects you. You might be surprised to learn how it can help you. 

The Nature Of No-Fault Insurance 

No-fault insurance is mandatory in nearly 20 states and is a slightly different type of car insurance. First of all, it covers your medical expenses and loss of income in a car accident. It covers both you and your passengers and will kick in no matter who caused the car accident. As a result, it can be a great type of coverage for people who are worried about medical treatments. 

The Confusing Part Of This Coverage 

One element of no-fault insurance that may confuse you is its lack of coverage for auto damage. That’s because it is not designed for this type of coverage. Your collision insurance will cover any impact damage to your car. Think of no-fault as a way of covering economic losses, such as loss of income and medical expenses, rather than pure auto insurance. 

Limits Do Apply 

Another important aspect of this coverage type is that you must fall within what your policy terms as a “serious injury” threshold. This fact means you must suffer from significant disfigurement, bone fracture, limitations of body organs or members, limitations of bodily functions, and other injuries that make it impossible for you to live a healthy life or work regularly. 

Getting No-Fault Coverage 

So if you live in Clovis, NM and want this type of coverage, contact us at General Insurance Agency. Our agents understand the various laws regarding this type of coverage and can ensure that you get the type that suits your driving needs. We can even find a collision policy that is right for you.

Is Your Business Protected Against Disasters?

The current trend of natural disasters is a constant reminder of the need for insurance protection for both your home and business. As a small business owner, it’s important you take measures to protect your company from any eventuality. Here are a few ways you can protect your enterprise against natural disasters.

Get the Right Insurance Coverage

By assessing the risks to your Clovis, NM business, you can obtain personalized business insurance coverage to suit your company’s needs.    

Property insurance, for example, will cover damage to your building, business equipment and inventory from such perils as fire, wind, hail and other natural calamities. By customizing your policy, you can also protect your property against flooding.  

If a disaster causes your business to close temporarily, business interruption coverage can replace lost income while your building undergoes repairs. Business interruption can also help cover lost wages for your employees and the cost of renting another location until repairs to your property are made. Integrating this coverage into your business owner’s policy from General Insurance Agency will help protect you against disasters.

Develop a Plan for Handling Disasters

A “disaster plan” will prepare you and your employees by outlining what to do in the event of a disaster. The following details can be part of your plan:

  • Designate a contact person for employees to communicate with in the event of a disaster
  • Choose an alternate location to work from in case your current place is damaged
  • Make an evacuation plan to help employees leave business premises quickly and safely in a disaster
  • Select a person to keep clients updated on company affairs after a disaster has struck

Advanced preparation is key to protecting your business from natural disasters. At General Insurance Agency, Clovis, NM, we can provide you with adequate business insurance coverage to suit your company’s needs.  

Importance of Buying Insurance in Clovis, NM

As a business owner, commercial insurance is a necessity. Running a business can be risky, and one of the ways to minimize these risks is buying a commercial insurance from General Insurance Agency. Depending on the type of business you run, the law of the state of Clovis, NM could require you to buy and maintain certain kinds of insurance.

When it comes to small businesses, commercial insurance is vital since they are comprised of individuals’ funds which could include dependents and family members, and thus the best way to make sure that the investments are safe is by buying an insurance policy. There are many reasons why you ought to have a commercial insurance cover which includes;

Protect your business property

Commercial insurance protects your business property and buildings in a case of damage from calamities like fire.

Protect your assets

Under commercial insurance is contents insurance which protects all the assets that are stored on your business premises. If you decide to lease a business work place, the property owner has property insurance but you are also responsible for your assets, and that is why you need this kind of protection.

Caters for any loss caused by interruptions

At times, you could experience situations that force you to shut your business down for some time probably during a repair. Such occasions cause downtime, and you tend to suffer loss due to decreased production. Commercial insurance has an interruption coverage which caters for the losses until the business is back to normal running.

Protects your business vehicles

If your business owns vehicles, ensure that they are all insured. Also if there are personal vehicles used for business purposes, make sure to notify your insurance company.

Protects your clients and visitors

The liability coverage pays for any damages or injuries that happen to your visitors. This includes medical bills in a case of bodily injury or legal defense fee if you are sued.

If you own a business in Clovis, NM Get a commercial insurance policy that suits your needs from General Insurance Agency and enjoy its numerous benefits.

Is it time to expand your New Mexico business?

So you’re thinking of contacting General Insurance Agency and seeing if they can connect your St Clovis, NM business with a commercial insurance policy as you expand.

But… are you sure the time is right?

The tricky thing about expanding your business is you do have to strike while the iron is hot, but if you jump the gun and try to grow too early, you may wind up overextending yourself and spending a bunch of money for nothing. Here are a few questions to consider before you branch out:

  • Can you afford a failure? You don’t want to bet it all on black. If you’re thinking of buying up a second location for your restaurant or moving your home-office software development firm into a building to house some new employees, you have to make sure that it’s not only in the budget, but that you can eat the costs if it turns out to be a wasted effort.
  • Does the market need you to be bigger than you are? If your product or service is a niche market, then there might be nothing to gained by branching out except for a few more bills to pay each month.
  • Have you mastered delineation? The great thing about a small business is you can run it solo. Once you start expanding, you’re going to be hiring middle-management people, so you need to make sure you know how to delineate tasks among them.

If you feel the time is right, then it may well be. The commercial policy General Insurance Agency connects you with will be one of the more affordable new costs as you expand, just cover your bases before you decide it’s time for your St Clovis, NM business to grow.