How Does Idaho Commercial Insurance Protect My Small Business?

Posted on July 5, 2021June 18, 2021 by admin

To be successful in business, one must have outstanding commercial insurance. Various disasters can occur, jeopardizing your business operations and leaving you with massive financial liabilities. The good news is that partnering with an insurance agent with your interests at heart can protect your business against many eventualities.

Are you looking for business insurance in Post Fall, ID? You can trust Infinity Insurance Group for all your commercial insurance needs. When you buy commercial insurance coverage from us, it will protect you in the following ways:

Compliance with the law

The state of Idaho requires businesses to carry a workers’ compensation insurance policy if it employs one or more part-time or full-time employees. Failure to have this insurance may result in civil and criminal penalties. Additionally, all business-owned vehicles in Idaho must maintain commercial auto insurance to cover your car and driver when involved in an accident.

Assets protection

Commercial property coverage covers your business structure and contents, including computer equipment, inventory, and other assets. If a disaster were to strike, this coverage compensates you for the loss up to your policy limit.

Protecting employees

If you have employed one or more workers or occasional or seasonal employees, you are legally mandated to maintain workers’ comp insurance. This policy is designed to protect your employees from work-related injuries and illnesses.

Liability protection

General business liability insurance mitigates costs associated with several liabilities you encounter during your daily business operations, including advertising injury, bodily injury, and property damage.

Cushioning your business against cyberattacks

Web presence is a significant necessity to operate a business in the modern-day business climate. Unfortunately, online companies are prone to the risk of cyberattacks. As such, you need cyber insurance to protect you against data breaches and cyberattacks.

Commercial insurance in Post Falls, ID

If you need assistance in determining what type of commercial insurance you need, call or visit our Infinity Insurance Group offices situated in Post Falls, ID. Our agents will answer any queries you have about commercial insurance.

What every Post Falls, ID homeowner should know about renovations

Posted on June 18, 2021June 18, 2021 by admin

Planning a home renovation can be full of fun activities such as finding the right paint colors and picking fixtures. But, whether you’re finally getting that dream kitchen or a bathroom make-over, Infinity Insurance Group recommends having a heart-to-heart talk with your insurance company as the renovations ultimately affect your home insurance policy. Some upgrades could lower your premiums, while others may increase it. Here is what you need to know about home renovations in Post Falls, ID.

Home Insurance Covers Renovations

Your home insurance covers renovations, but you will need to up your coverages if you increase the house’s square footage, add a hot tub, swimming pool, or create an in-house office. These substantial renovations could quickly leave you underinsured.

You Need to Inform Your Insurance Agent When Renovating

Before you begin any renovation, it’s always prudent to notify your home insurance company to ensure you’re adequately covered during and after the renovation. Remember your liability limits may not be sufficient if someone got injured while the renovation was going on. Take photos and videos of the renovation progress and save receipts and other documents required in the renovation process.

Your Contractor Should Be Insured

Your contractor should present a copy of their insurance policy before they start working. The policy should have adequate general liability, workers’ compensation, and professional liability coverages. Keep this copy until the work is done. If you need to hire different contractors for different areas, make sure they’re adequately covered.

You Need to Update Specific Areas of Your Policy

Home renovation can either increase or decrease your home insurance costs. Adding a security system, remodeling your kitchen or bathroom, or repainting your home all add value to your house, which generally lowers your premiums. However, if the remodeling affects space, building costs or increases accident risks, your premiums will go up. That means increasing your coverages to adequately cover additional risks.

Need to buy a new policy or update the existing one after a home renovation? Infinity Insurance Group can sort you out and ensure you are adequately covered. Contact us today.