Insurance

In Ammon ID, Does Commercial Insurance Cover Worker’s Compensation Claims?

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When owning a business, it is extremely important to protect not only the company assets but the employees as well. This is the reason that most states require businesses to carry Worker’s Compensation insurance. It is also recommended that they carry liability insurance to pick up where a Worker’s Compensation policy leaves off. It is important to have your existing commercial business insurance evaluated to ensure you have the proper coverage to meet all of your needs, especially if an accident occurs. Business owners in the Ammon, ID area who need advice on Worker’s Compensation and other types of commercial insurance can call Insure It All and talk to a licensed agent.

Worker’s Compensation insurance is mandatory in most states. The problem is that, in most cases, it only covers accidental injuries that occur while a person is performing their duties. It does not cover accidents that involve visitors to the facility or workers who are not "on the clock." 

Certain types of injuries like slip and fall accidents or other types of falls are commonly covered under commercial liability policies. Commercial insurance policies can be written to include Worker’s Compensation, Liability, and other types of coverage that will fully protect your business from financial loss.  

At Insure It All, the agents offer a wide range of commercial insurance policies to business owners who live throughout the Ammon, ID area. Having your commercial insurance reviewed and updated periodically is extremely important to ensure you have sufficient coverage if an emergency arises. Call an agent today to find out what you need to keep your insurance up to date and your business safe from financial loss. Don’t let an accident catch you off guard!

Homeowners Insurance Idaho

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Homeowners insurance protects an Idaho property owner when disaster strikes. A homeowners insurance policy protects a property owner from unexpected repair costs for the rebuilding of a home and replacement of personal effects after a risk event.

Homeowners insurance also covers a property owner from liability in case of a guest injury claim. If a visitor sustains a slip and fall while on a property, homeowners liability insurance coverage compensates a victim for medical bills, and related expenses, including legal fees, so the owner is not obliged.

Disaster Risk Coverage

The threat of natural disaster to a home can be significant. Protect the market value of your property with homeowners insurance. Damages caused by a disaster event can ruin a major investment without up front ability to pay for repairs. A property owner is protected from high out-of-pocket expenditures associated with rehabilitation of a home.

Liability Risk Coverage

When a guest injures themselves on a residential property, the owner is responsible for subsequent hospital, medical, and legal expenses. Homeowners can protect themselves from negligence and extenuating legal liability for a guest injury claim with an insurance policy.

Homeowners Insurance Coverage

Comprehensive Coverage – compensates property damage repairs and liability expenses resulting from a disaster or injury incident.

Individual Coverage – covers debt obligations and outstanding mortgage finance after a serious accident or death.

Packaged Indemnity Agreements – compensates claims for loss of real property or internal contents of a home after a disaster or theft.

Combined Life Coverage – single policy that covers life insurance and homeowners insurance liability, property damage, and end-of-life expenses, as well as benefits assigned to beneficiaries.

To find out about homeowners insurance policy premiums, claims grace periods, and terms and conditions in Idaho, or to obtain a quote, contact Insure It All, Ammon, ID.

The Importance of Insurance in Ammon, Idaho

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Located in the Southeastern corner of Idaho is the town of Ammon, which is just a short drive to the Wyoming border and more notably Yellowstone National Park. Ammon, ID isn’t a big town but there is still plenty to do and residents will undoubtedly need all of the forms of insurance people need when living or setting up a business in an American town these days. Below are some of the types of insurance you should look for through a company like Insure It All when living or working within Ammon, ID.

COMMERCIAL INSURANCE

If you are operating a business of any kind in Idaho, you will need a form of commercial insurance. Now the amount of this insurance and coverage of this policy will obviously vary based on the business you are running, as some will require more than others. But every business will need some kind of insurance to protect both the customers and the business owners from injury or lawsuits, as well as the items that are sold or used within that business itself if they are stolen or damaged.

AUTO INSURANCE

Driving in Ammon, Idaho requires insurance by law, but it is also just a generally good idea. There is bad weather, ice on the roads, major blizzards for half of the year which can lead to auto accidents, not mention moose and other large animals that can wander in front of your car on the highway. Better to have full coverage than end up paying a bundle to fix your vehicle.

HOME INSURANCE

With the inclement winter weather and constant threat of wildfires in the hotter, dryer months, having home insurance is also a must in Ammon, Idaho. Having full coverage on your dwelling will undoubtedly allow you to sleep easier at night.

Commercial Property Insurance with Insure It All

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Keeping your business running in Ammon, ID  is a long and arduous process. If your place is damaged, you may be without an income for a long period of time unless you have commercial property insurance. Commercial property insurance is a policy for businesses that give you protection if your building is damaged from unexpected circumstances.

Types of Commercial Property Insurance

  • Basic Business Insurance – generally covers the cost of replacing or repairing the building if it has been ravaged by fire, weather, and other natural and unnatural causes.
  • Broad Business Policy – can offer coverage from common damages, such as those caused by structural collapse, leaks, and water damage.
  • Specific Business Insurance – excludes risks that are covered under your basic insurance policies. Floods, hurricanes, acts of terrorism, tornados, nuclear disasters, and other extraordinary occurrences can be covered under the specific business policy.

Other Commercial Property Insurance Options

  • Business Interruption – insures you if you lose your business income from risks outlined in your policy.
  • Off-Premise Coverage – is available for items that are carried off your property, but are still used for business purposes, such as cell phones and laptops.
  • Newly Constructed Space – should be insured separately for complete structural coverage.

Replacement and Actual Cash Value

  • Actual Cash Value – is the current value to replace your damaged property. If your place of business were completely destroyed by a fire, then you would receive the fair market value for your business.
  • Replacement Value – is the amount you would receive for replacing, repairing, or rebuilding your property.

For more information, check out the independent agents at Insure It All in Ammon, ID. Not only will they be able to assist you with commercial property insurance, they are available to research other policies that you may be interested in, including home, health, auto, and life.