Auto Insurance Coverage Options

If you have recently thought about purchasing a vehicle or getting auto insurance within Ft Meyers, FL, understanding the various insurance options on the market will be an essential part of your journey. Below, Martin Insurance Team explains different auto policies to consider looking into.

Liability Coverage

Liability coverage comprises two components, with the first being bodily injury liability. This covers costs related to 3rd party injuries when you are found liable for an accident. The second is property damage liability that caters to other parties’ costs of vehicle repairs and replacement.

Medical Payments Coverage

A medical payments policy takes care of your medical costs when you are injured in an accident. This policy also covers your passengers, allowing them to offset any treatment costs and examination fees.

Comprehensive Coverage

Comprehensive coverage comes in handy when your vehicle is damaged during non-collision accidents. These include instances involving fire, theft, hail, and vandalism. Depending on the damage caused, your comprehensive policy allows you to take care of your replacement or repair expenses.

Collision Coverage

As the name implies, collision coverage is designed to help you pay for damages arising from collision accidents. If you hit another vehicle during your drive, this coverage ensures that your vehicle replacement or repair costs are covered. It also comes in handy when you hit objects such as fences and posts.

Uninsured and Underinsured Coverage

If you are hit by an uninsured driver whose coverage cannot pay for your treatment or vehicle damage costs, uninsured coverage will help you offset these expenses. Underinsured coverage kicks in when you get into an accident with a driver whose insurance is not enough to pay for your medical or vehicle damage costs.

If looking for auto coverage designed to protect you and your vehicle, Martin Insurance Team is the partner you need. Call us today for auto insurance designed with Ft Meyers, FL needs in mind.

Homeowners Insurance Coverage and Jewelry

The personal property coverage section of a homeowners insurance policy covers expensive valuables you own, including jewelry. Most Evergreen Park, IL policies cover losses caused by incidents listed in your policy, such as fire, theft, and vandalism. However, damage to your jewelry is not covered during some events, such as flood damage and lost items. Additionally, homeowners insurance policies have limits on how much they payout, and sometimes the jewelry in the home is far more expensive than the coverage. 

The experts at Martin Insurance Team understand you want to protect your expensive belongings, so give them a call to discuss insurance options for your jewelry. 

Standard Homeowners Insurance Coverage

Standard homeowners insurance covers jewelry from the listed incident in the policy, such as fire and theft. Coverage for personal property has a limit, and the payout is after subtracting the policy’s deductible. In some cases, the policy does not cover the item’s actual value, especially after having to pay out of pocket for the amount of your deductible. 

Events With No Coverage

The insurance company does not pay out if the jewelry is misplaced. Additionally, most basic insurance policies do not have flood coverage, which means if a flood damages the item, it is not covered. Protect your jewelry and other expensive personal items by speaking with your agent about adding additional coverage for events such as flooding. 

Jewelry Insurance

If you have jewelry that exceeds the value of your policy limits, you may want to consider shopping around for a specific jewelry insurance policy. Jewelry insurance policies cover theft and damage from covered incidents. 

Evergreen Park, IL, homeowners can shop for additional coverage to protect their jewelry. For further assistance insuring expensive items, such as an engagement ring, call the experts at Martin Insurance Team. 

Why do you need auto insurance in Illinois?

Most people that are in the Evergreen Park, IL area will find that owning a car is a good idea. If you are going to be a vehicle owner in this part of the state, you will find there are a lot of great benefits that come with coverage. It is also typically a necessity for most vehicle owners. There are a few reasons that you will need to maintain an auto insurance plan in this state.

Coverage is a Legal Requirement

The first reason that anyone in this area of the state will want to have an auto insurance plan is that they will be required to have it to comply with the law. Illinois is similar to other states as it requires motorists to carry liability auto insurance. If you do not carry this coverage at all times, you could face penalization if you are caught without it. 

Coverage is Required by Lenders

Purchasing a vehicle today is quite expensive and many vehicle owners will need to have a loan to ensure they can finance the purchase of it. As you are looking to take out a loan, you will want to ensure that you understand your insurance requirements. Most of the time, an auto loan provider is going to require that you maintain a full collision and comprehensive plan as long as the loan is outstanding. 

Getting an auto insurance plan in the Evergreen Park, IL area is a good option for all motorists. As you are looking for a plan here, you should call the Martin Insurance Team. The team with the Martin Insurance Team can give you any support that is needed to choose a new plan. This includes helping you determine what your needs and different options are. 

What is Landlord Liability Insurance? Do I need it?

If you’re a landlord in Evergreen Park, IL, you must know better how difficult it is to deal with tenants. Whether you own residential properties or commercial properties with tenants, you may want to get landlord liability insurance to protect your investment.  If you haven’t heard about this critical policy, Martin Insurance Team recommends learning the coverages and determining your needs before purchasing.

What is Landlord liability insurance?

A landlord insurance policy is a type of property insurance policy designed to protect you from damage and injury claims related to your rental property. It helps pay for expenses if you’re found legally responsible after an injury that happens on your property. Anyone living, visiting or passing by your property can sue you for injuries they sustain while in your property. 

Do I need it?

Absolutely. Home insurance doesn’t cover homes that you rent out. If anything happens to your rental properties, you may incur significant losses if you don’t have a backup policy. Landlord liability insurance typically covers the structure and liability that prevents you from paying out-of-pocket costs if you’re found at fault in some situations. If you bought the property through a mortgage, your lender might need you to have landlord liability insurance to protect the investment.

How much landlord insurance should I get?

When deciding the amount of landlord insurance to buy, you need to do several calculations to ensure you’re not underinsured. Begin by assessing your insurance needs by checking risks. If it’s a commercial property, know the type of business being run and your risk of getting sued. Next, check the value of the building and determine how much you’d need to rebuild based on the current market price. Don’t forget to keep the building in tip-top condition to avoid unnecessary lawsuits from tenants.

Buying landlord insurance in Evergreen Park, IL?  Feel free to contact Martin Insurance Team, and we will be happy to help.

How Umbrella Insurance Works

Getting more liability insurance is a smart choice these days. Not only is society a litigious one, but there is also the problem of escalating medical costs. To protect yourself against accidents you may be liable for, you need umbrella insurance. If you are interested in this type of insurance, contact us at Martin Insurance Team in Evergreen Park, IL to find out more. 

Home and Auto Liability Coverage

When you already have home and auto insurance, you may feel that you are well-covered for your liability. However, these policies often come with very little liability protection, especially with medical costs going up. You could find yourself having to come up with the overage if your home or auto policy doesn’t pay enough to cover the resulting bills. Umbrella insurance is a type of policy that adds more liability coverage to both your home and your auto policies. 

Two-Step Liability Protection

When you have an umbrella insurance policy, it works in two steps. The first step is that the person’s home or auto policy will come in and pay for the bills you owe for your liability. If the coverage is enough to cover it, then that’s all that happens. However, if the policy doesn’t pay out enough to cover all of the bills, there is a second step. The umbrella policy comes in and pays that overage amount so that you don’t have to. It’s a great way to ensure that you are well-covered for situations that you can be held liable for. 

Get Your Umbrella Policy

If you’re interested in having more liability coverage, call us today at Martin Insurance Team in Evergreen Park, IL to talk with an agent about this important coverage. 

Types of Liabilities to Cover With Illinois Restaurant and Liquor Insurance

Restaurant and liquor liabilities are a serious concern for restaurant owners in Illinois. One wrong thing could turn into a significant legal crisis. Where food and drink are concerned, establishments today need to be proactive when it comes to safety and protection for both customers and employees.

At Martin Insurance Team, we want Evergreen Park, IL restaurants and bars to be protected from any legal and financial crisis. There are a number of potential liabilities to consider when you are buying Illinois restaurant and liquor insurance.

Food Liabilities

There is always going to be a concern that a food problem could arise in your establishment, no matter how careful you are. You may have the best health inspection record in town, you still need to be covered for every possible scenario. This can be covered through general liabilities. 

Labor Liabilities

Labor liabilities are sometimes more expensive than customer liabilities. If an employee injures themselves on the job, or someone else, the problem becomes a crisis.  Safety training is a great place to start and may help with insurance costs. 

Be sure that all of your employees are certified to handle liquor service responsible. Workers’ compensation insurance is important, but so is commercial general liability insurance.

Liquor Liabilities

The number of potential liquor liabilities in an Illinois restaurant is infinite. Anything can happen. Insure yourself as much as possible with liquor liability insurance.

The law does stipulate that in most cases, intoxicated patrons are responsible for their own actions, however there are situations that may be excluded where you could be held liable. Insure yourself, and lay down the law when you need to so that you can avoid the claim in the end.

Get a Quote

When you are serving alcohol and food, the stress of potential liabilities could be crippling. Martin Insurance Team wants the restaurant owners of Evergreen Park, IL to eliminate this stress. Call us for a quote for liability insurance today.

How Cyber Insurance Protects Your Business

Cyber insurance is a type of liability coverage that can come in handy for most businesses. Virtually every business has an online component these days, and cyber problems can cause serious damage. If your business doesn’t have cyber insurance, contact us at Martin Insurance Team in Evergreen Park, IL.

Data Problems

One of the main problems that encourage people to get cyber insurance is data breaches. These happen to businesses of all sizes. You don’t have to be a large, well-known business for this to happen. When a data breach happens, your company information, banking records, passwords, and other important information can be put out there for all to see. What is especially damaging is that the data you have on your customers, and employees, can be posted online after one of these breaches. That means credit card numbers, personal information, etc. 

Your Liability

The problems really start to mount when your customers have their data stolen. Even if it isn’t used right away, it can be posted online so that it can be used at any time. Many people have to cancel credit cards, put a hold on their credit, etc. And if the data is used right away, it can end up costing them a lot of money. This is why so many companies have had to make payouts to their customers for data breaches. If this happens to your business when you have cyber insurance, they handle much of the aftermath so that your business doesn’t go bankrupt. It’s important to have this coverage if your business has a website, but it is even necessary if you simply use a computer system for storing customer data. 

Get Your Cyber Insurance

To protect your business against catastrophic fines and lawsuits filed against you. Get cyber insurance to keep your business protected. Call us today at Martin Insurance Team in Evergreen Park, IL to find out more. 

What every business owner in Evergreen Park, IL needs to know about general liability insurance

As a business owner in Evergreen Park, IL, knowing what works for your business is the most significant step you can take to achieve your targets. One of these steps is having general liability or business liability insurance. According to the Martin Insurance Team, it’s a critical policy that every business owner must-have. So what makes it so unique, and how does it help a business achieve goals? Read on to find out!

It’s all about lawsuits

As a business owner, you are legally responsible for anything that happens in your business. If another party gets hurt or their property gets damaged while at your business, you may be held liable and policy helps pay medical expenses and legal costs in case you are sued. It also covers you for property damage and injuries that could result from your employees, products, operations or services.

Liability claims can be costly

Lawsuits in Illinois are not cheap. They can quickly sweep your bank accounts clean if you are not well-prepared. If you don’t have general liability insurance, you might have to cover these costs from your pocket. If someone sues your business for slander or libel because of something you or your employees wrote, said or did, general liability can help cover legal costs. Similarly, if your business gets sued for copyright infringement, like using other people’s photos in your advertisement without permission, the policy can cover the costs.

General liability fits in all types of business

It doesn’t matter whether you run a small, mid-sized or large company. It also doesn’t matter whether you provide services or deliver goods; every business in Evergreen Park, IL, needs general liability insurance. You can be sued by a client, another company or even an employee. If you don’t have enough liability, your business can easily crumble down due to a lack of funds.

For more information about general liability insurance, contact Martin Insurance Team today!

What Is Workers’ Comp Insurance, And Why Do I Need It?

What would your Evergreen Park, IL business be without the employees? Naught. Nada. Zero. Your employees are the most valuable assets in your business. In light of this, you need workers’ comp insurance from Martin Insurance Team to protect your most prized investment. 

Why you need workers’ comp insurance

Whether you are a startup or seasoned business in Illinois, the state requires you to carry workers’ comp insurance. Failure to have this insurance will expose you to civil and criminal lawsuits. However, besides compliance, carrying workers’ comp insurance offers the below benefits.

Protects your business

Can you imagine the actual costs of accident-related medical expenses? It can be massive, and not many businesses can survive the blunt of work-related injury expenses. Thankfully, when you carry workers’ comp insurance, you don’t have to pay for employees’ medical expenses, saving you substantial finances and loss of productivity.

Businesses may view workers’ insurance comp as an unnecessary expense, but the premium is far less compared to the medical treatment of an injured employee. As a matter of fact, one significant work-related injury claim can cause unspeakable financial damage to your business. Would you want that for your business? 

Protects your employees

Regardless of how safety-conscious your work environment is, accidents can still happen. According to the Bureau of Labor Statistics, over 6 million Americans suffer from work-related injuries every year! Given the inescapable fact that injuries are never far off from the workplace, workers’ compensation insurance becomes no-miss insurance. This insurance protects your employees by covering their medical expenses and paying wage replacement benefits where applicable. 

Having proper workers’ comp insurance is a smart move to protect employees and your business. If you need workers’ comp insurance for your Evergreen Park, IL business, you can trust Martin Insurance Team to ensure your business is well-covered. Contact us today to partner with us.  

Trucking Insurance in Evergreen, IL

As a transport business owner, you need to carry insurance if the cargo, truck, or equipment is damaged or stolen and liability insurance to cover the costs of your actions cause any damage. There are many different trucking insurance policies to choose from, depending on your circumstances. For instance, the policy you choose may depend if your shipping company transports goods by land, air, or water.  These days, with internet marketing, many companies require international shipping to deliver goods to their clients from other countries. Therefore you may need a specialized cover depending if you transport cargo nationally or internationally.
If your company is based in Evergreen Park, IL  Martin Insurance Team can help you choose the comprehensive policy to ensure you are sufficiently covered for any eventuality. When choosing your policy, consider the risks it covers.  At the very least, a policy should cover you for any damages suffered through a collision. If your truck, full of cargo that belongs to other people, is involved in an accident, a policy will need to cover that cargo’s replacement costs. Additionally, the policy will need to cover the costs for the damages caused to your truck.  What if your truck has been totaled in the collision? Your insurance will cover the cost of buying a new truck. You may also need the liability coverage needed for the costs of medical expenses to your driver or others involved in the collision.

Running a trucking business is not easy, and many perils can make your business vulnerable. Storms, theft, fire all can cause irreparable damage. To ensure that you and your cargo are protected, let Martin Insurance Team assess your business’s needs and help you choose the perfect cover so that you can concentrate on running your business safely.