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3 Types of Insurance Every Reputable Agency Should Offer

For most people, choosing the right insurance company is a critical decision. With such a provider, you are entrusting your future and some of your most valuable assets. A good New Mexico insurance agency will have a comprehensive menu of offerings for both businesses and individuals.

Personal Insurance

It’s hard to imagine not putting into place protection against things such as your home, automobile and other valuable possessions. This is precisely why you purchase insurance and why you need a reliable agency to have your back in the event of a disaster or misfortune. Before you choose an agency to do business with, make sure it has coverage available for your home, automobiles and even recreational vehicles, if applicable to you.

Employee Benefits

If you run a business, providing good benefits for your workers is a must if you want a productive, happy staff. In your search for a New Mexico insurance agency, make sure the one you choose has the essentials every workplace should have such as group life, group health and group dental, in addition to any voluntary elections your employees may be looking for.

Business Insurance

In addition to covering your employees, you need to protect your business to ensure your investment is covered. Liability insurance, commercial property, and others are essential for you.

 

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3 Reasons Why Your Business Needs a Commercial Umbrella Policy

As you work with your New Mexico insurance agency to weigh your business’ insurance coverage options, you may be tempted to skip the commercial umbrella policy. After all, if you have general liability, commercial property, commercial auto, executive liability, professional liability, and cyber liability, why do you need an umbrella policy, too? If you want your business to stay afloat, you will purchase umbrella coverage. Here are 3 reasons to purchase a commercial umbrella policy.

1. Lawsuits

It can be tempting to think your business will never be sued. However, when an unfortunate accident or other major event occurs, a lawsuit could follow even if you think you and your employees did everything right. Lawsuits can cost companies millions of dollars, so it is important that you have insurance to cover the cost if it ever happens to your business.

2. Claims Otherwise Not Covered

A commercial umbrella policy can often cover more types of liability claims than other forms of liability insurance. While the specific types of claims covered can vary, an umbrella policy can help ensure that your business is fully protected. Your New Mexico insurance agency can review the specific coverage under your umbrella policy.

3. Peace of Mind

Whether the unexpected results in a lawsuit or high costs due to death or injury, you want to be protected. A commercial umbrella policy will give you the peace of mind to know that your business is covered when misfortune occurs.