An Outline Of Everything That Restaurant/Liquor Insurance Entails

Based in Evergreen Park, IL, Martin Insurance Team assists the community by helping them find insurance coverage. We have established partnerships with several of the top insurance companies in the nation. This allows us to offer our clients flexible policies that will help them protect their assets.

Restaurant/Liquor Insurance Overview

Opening a restaurant in the Evergreen Park, IL area is an exciting time for many entrepreneurs. In order to help your business achieve its full potential, it’s important that you protect it. Restaurant insurance allows you to protect your investment. Liability coverage ensures that you are protected in the event that someone is injured while dining at your restaurant. Restaurant insurance also allows you to cover all of the equipment used to help operate your business. You can breathe a little easier knowing that you are covered in the event that your property is damaged.

You’ll also be covered in the event that a natural disaster causes your food to spoil. Worker’s compensation allows you to protect your employees and ensure that your workforce has high morale.

If you plan to obtain a liquor license so that you can sell liquor at your restaurant, consider the benefits of liquor liability insurance. The policy protects you against some of the risks of allowing liquor at your restaurant. If an inebriated customer starts to cause problems, you will be covered from any potential liability issues. You can also amend your policy to classify your employees as regular patrons just in case some of them try to drink on the job. The policy also covers your restaurant from being held liable in the event that a patron suffers psychological damage from drinking.

Martin Insurance Team Will Help You Protect Your Investment

For more information on restaurant/liquor insurance policies, visit our website today!

Does General Liability Insurance Cover Professional Errors?

There’s no need to tell you that businesses can make some serious errors from time to time. Whether it’s a technical glitch in a computer system or a grave error committed by the staff, there’s no end to potential disasters. When it comes to general liability vs. professional liability, the two types of insurance are easily confused in Evergreen Park, IL. Martin Insurance Team wants you to know more about how the two functions and what you might need to stay safe. 

General Liability Insurance 

General liability insurance tends to cover bodily injury as opposed to more abstract errors. So if a client is allergic to the pillow mints used in a hotel or a shopper slips on an unmarked patch of a wet floor, general liability would likely be able to provide support. If you happened to leave out a clause of a contract though and a client or vendor decides to sue you for this mistake, then general liability would be unlikely to help. 

Taking the Precaution 

You never really know what’s going to happen on a daily basis, and small business owners especially need to be careful not to assume that they’re immune from major consequences. Planning ahead means having enough insurance to keep your livelihood up and running. From missed time off work to bodily injury, the impact of even one incident can end up being serious for even large companies let alone small businesses. 

If you’re in Evergreen Park, IL and what to understand more about how general liability will work for you, call Martin Insurance Team to go over your options. We’re here to explain which incidents are covered and whether the extra protection is right for how your business operates on a daily basis. 

Why should I get workers comp insurance in Illinois?

When someone is going to start a business in the Evergreen Park, IL area, there are a lot of important decisions that need to be made along the way. One item to spend time thinking about is your need for business insurance. One form of insurance that you and your organization may need is worker’s comp coverage. There are a variety of reasons why a business in Illinois should get this type of insurance for their organization. 

Protects Employees 

One of the main reasons to get a workers comp insurance is that it can protect your employees. No matter what type of business you operate, there is going to always be a risk that someone could get hurt while they are at work. If this happens, a workers comp insurance policy will ensure that your employees have their medical bills taken care of. This is can protect all members of your team.

Required by Law

You should also get workers comp insurance for your business because it is required by law for many employers. Due to the benefits and importance of workers comp insurance, the state of Illinois is similar to many other states by requiring that you carry proper insurance coverage. When you do get this insurance, it can help to ensure are in compliance with state law and are able to avoid penalization.

If you are looking for a new worker’s comp insurance policy in the Evergreen Park, IL area, you should call the Martin Insurance Team. At the Martin Insurance Team, the insurance professionals are focused on helping their customers build and choose policies that properly protect their organizations. This can include helping you better understand all of your insurance obligations and answering any questions that you have when it comes to worker’s compensation insurance coverage. 

Why do I need transportation insurance?

Shipping a product is the step when completing a sale with a customer. For those that are in the Evergreen Park, IL area, it is very important to take this step seriously and recognize the risks that can come with losing a valuable product. To help mitigate this risk, a business owner can get transportation insurance. There are several reasons why this may be needed. 

Protects your Assets

A transportation insurance policy is designed to provide coverage for assets that are owned while they are in transit. If your assets and items are stolen, damaged in an accident, or incur another type of loss, the cost to replace them would be significant. Fortunately, you can get a transportation insurance policy that will provide you with the coverage you need to replace these assets.

Requirement of Stakeholders

In many situations, a business will also be required to carry transportation insurance to ensure they are in compliance with various stakeholders. Some common stakeholders that you may need to comply with can include lenders, investors, and other interested parties. They will often want to make sure that you have all the valuable forms of insurance in place, which often includes transportation insurance, before completing a contract or investment with you and your company. 

Getting a quality transportation insurance policy is practically a necessity for people all over the Evergreen Park, IL area. Since this is a unique form of insurance, those that are in this area of the state should reach out to someone experienced with this form of insurance. The Martin Insurance Team can help people in this area of Illinois to determine their insurance needs and build an appropriate insurance policy. The Martin Insurance Team will also be able to explain all of your options and how they can mitigate your risks. 

Truck Insurance Coverage Options for Evergreen Park, IL Truckers

As a commercial truck driver, you’re the largest vehicle on the road, which means you have to take extra caution for your safety and the safety of other drivers while traveling. As a trucker in Evergreen Park, IL, here are the coverage options you need to consider.

Getting Commercial Truck Insurance

Getting commercial truck insurance can be difficult because there are a lot of factors you need to consider. We at Martin Insurance Team are here to help. All minimum trucking insurance requirements are set by the Federal Motor Carrier Safety Administration (FMCSA). The specific coverage requirements depend on the commodity and weight of the truck. The type of transportation business you work for will also be considered when determining your insurance premium.

Truck Insurance Coverage in Evergreen Park, IL

Primary Liability 

Primary liability coverage provides protection from damages and injuries to other drivers and their passengers due to a truck accident. This insurance is mandatory. Driving without primary liability insurance will result in expensive penalties and fees. Keep in mind primary liability insurance and general liability insurance are two different things.

Comprehensive Physical Damage and Collision Coverage

Comprehensive physical damage and collision coverage provides protection for your truck and trailer. This insurance offers repair and replacement coverage due to damages caused by:

  • Hail
  • Fire
  • Windstorm
  • Collision
  • Earthquake
  • Flood
  • Vandalism
  • Mischief

Motor Truck Cargo Coverage

Motor truck cargo coverage is insurance that protects you, the trucker, and your responsibilities in the event of a damaged or lost freight. This type of insurance covers losses due to damaged goods. If for whatever reason the cargo does not make it to the client, because the goods are damaged, the client is reimbursed.

General Liability Insurance

General liability insurance covers business risks that occur outside of the ruck operation. Different situations general liability insurance can cover include:

  • The delivery of goods to the wrong location 
  • Slander that results in a lawsuit
  • A client that slips and falls in the workplace

At Martin Insurance Team, we provide Evergreen Park, IL residents with a variety of insurance solutions, including auto, home, commercial, and a variety of other insurance options. We also provide transportation insurance for truckers. Contact us today to get a personalized quote.

Do Illinois Drivers Need Auto Insurance?

The state of Illinois requires all vehicles on the road to carry liability insurance, specifically a 25/50/25 policy. If you used a loan to purchase your car, the lender will likely require that you obtain full coverage of the vehicle for the life of the loan. There are several elective policies, between the minimum and full coverage, that can cover particular incidents that may arise outside of your control. The Martin Insurance Team, serving the Evergreen Park, IL area, can help determine what insurance you need.

State Minimums

Illinois state law requires a liability policy of a minimum of 25/50/25 coverage. This means that the policy will pay up to:

  • $25,000 for medical expenses per individual.
  • $50,000 for the total of the medical expenses. 
  • $25,000 for property damage to the other parties.

Optional Policies

Though you can do your best to avoid accidents, there are things that can happen beyond your control that will result in damage to your vehicle. Your own liability coverage will not cover your vehicle as it would be expected the other person is responsible. Sometimes, nature is responsible. 

Uninsured/Underinsured Motorist Coverage

Should someone cause damage to your vehicle and that damage exceeds their coverage, this will cover the disparity. 

Medical Payments

Should you be responsible for an accident, liability only medical coverage only pays for the other parties’ medical expenses – not yours. This policy will cover any medical expenses that you may incur should you need to seek treatment. 

Auto insurance needs can be as unique as the individual seeking coverage. Full coverage may be overkill for some vehicles, but minimum coverage can lack enough protection. Speak with one of the experienced professionals at the Martin Insurance Team, serving the Evergreen Park, IL area, to learn what policies are available to suit your needs.

What You Need to Know About Tax Free Retirement Insurance

When most people think about tax-free retirement income options they think of their traditional choices. The 401 (k) comes to mind as well as Roth IRAs and traditional savings accounts. As the cost of retirement goes up for many people, and life expectancy grows longer, you might be hoping to look into more tax-free options for retirement income. Life insurance policies are quickly becoming popular vehicles for tax-free retirement income. The Martin Insurance Team, serving Evergreen Park, IL, is here to teach you more about this option.

A New Option for Tax-Free Retirement Income

Although often thought of as a way of supporting your family after your passing, today’s permanent life insurance is being looked at in a whole new way. Whole and universal life insurance policies, which build cash value over time, can actually be treated as a form of tax-free retirement income. The insurance policy works like this: an individual invests in the policy through paying premiums. The insurer, which holds the policy, will deduct the expense of the policy. The remainder is considered the cash value of the policy. Depending on how long you have been paying in, the cash value can grow substantially. If an individual chooses to withdraw the cash value of the policy (for use during retirement) the money is tax-free.

What You Need To Know

If an individual chooses to access cash this way, it is considered a policy loan. The insurer will have certain rules and requirements on how this is done. You will need to review these rules and requirements to make sure you understand everything and are comfortable with this arrangement. Some of the most common rules include limitations on how many years the policy must be in place before a withdrawal is made and percentage caps on how much can be withdrawn.

Learn More

In order to learn more about this tax-free retirement income option, you should talk with an insurance representative. They will be able to answer your questions and help you decide if this is a good retirement option for you. If you would like to learn more, please contact our friendly staff at The Martin Insurance team, serving Evergreen Park, IL

Health Insurance: Expect the Unexpected

Health insurance provides peace of mind. Coverage for your family lets you know that in uncertain times, they can receive the medical care they need. Evergreen Park, IL residents are used to looking out for their neighbors. After all, it’s what small-town communities do for one another. But there is one area where caring neighbors and kind friends can’t help, and that’s when it comes to healthcare costs.

Healthy individuals and those with a history of medical issues alike can benefit from thinking ahead. After all, none of us can see the future, but health insurance keeps the guesswork out of managing the risks that come with potential medical bills. No one wants to have to consider making compromises when it comes to the care of family members. That’s why Martin Insurance Team offers a variety of health insurance policies that meet your needs and fit within your budget.

Many of us did not expect to encounter health risks serious enough to shut down communities across the globe, but the current crisis has shown us that there’s no way to know what the future may bring. That’s why there is no time better than right now to speak with a Martin Insurance Team insurance agent about what insurance policy would look like for your family in terms of deductible, premiums, coverage, and more.

Evergreen Park, IL is your home, and you want to work with an insurance agent that you trust. Our local insurance agents can set you up with health insurance coverage that will put your mind at ease. We all hope that we won’t need to use our health insurance, but it’s nice to know you will be able to see a doctor or go to the emergency room without worry– just in case you or your children need to be seen.

Now is the time to connect with a Martin Insurance Team member. We are available by email and would be happy to set up a quote that meets your needs. Health insurance helps us prepare for the unexpected and allows us to stay healthy and well. Reach out today to get your quote.

Exploring The Differences Between Short Term and Long Term Disability Insurance

For over 20 years, Martin Insurance Team has served the Evergreen Park, IL community. We have established relationships with over 15 national and regional insurance companies to help our clients find the policy that suits their needs. We are committed to providing our clients with excellent customer service.

Short Term Disability Insurance vs Long Term Disability Insurance

At Martin Insurance Team, we believe that disability insurance is an important asset that we recommend all of our clients in the Evergreen Park, IL community should consider purchasing. Having disability insurance coverage protects you in the event that you are unable to work. You may choose to purchase short term disability insurance or long term disability insurance. Before you purchase a policy, it’s important that you research the differences between short term and long term disability. To assist you through the process, here is a guide that compares short term and long term disability insurance.

Time Frame

Short term disability benefits often last for several weeks and may extend to a few months in serious cases. You may start receiving short term benefits within two weeks after you have purchased the coverage. You can receive long term disability benefits for a few years, or you can purchase a policy that stretches until you reach retirement age. You should start receiving long term disability benefits after a few months.

Common Reasons To Purchase Both Policies

Short term disability insurance often covers ailments such as muscle strains and sprains. Childbirth is often covered under short term disability insurance as well. Long term disability insurance covers long term issues such as being diagnosed with cancer or mental health trauma.

Let Martin Insurance Team Assist You!

The agents at Martin Insurance Team will work with you to find the right disability insurance policy for your situation. Visit our website to learn more information.

Motorcycle Insurance for Every Season

You enjoy taking your motorcycle out on the open road. The tires connect with the asphalt and the scenery flashes past as you cruise the highways and little-known roadways. Your bike brings you joy and you connect with others who share your passion for the open road. In a way, your vehicle says a lot about who you are and what you value. Put simply, it’s vital to protect your bike and the way of life it represents.

Martin Insurance Team knows how important your motorcycle is to you. That’s why they offer motorcycle insurance to protect you, your passengers, and others you may encounter in the event that the unexpected happens. Carrying insurance provides peace of mind for drivers, and Evergreen Park, IL residents must obtain a policy to be in compliance with state law. Keeping a current insurance policy with a trusted provider makes the biking experience worry-free.

But what about in the Illinois winter, when few bikers plan to test their machines on the icy, snow-covered roads? Many Evergreen Park, IL motorcyclists store their vehicles for the cold season, keeping their bikes in a garage, shed, or storage unit for the duration. 

If you’re not planning to operate your vehicle in the winter, shouldn’t you remove your insurance policy? Not necessarily! 

Just because a motorcycle won’t be driven doesn’t mean its coverage needs to disappear. After all, a bike can be stolen out of a garage during any season. Additionally, damage to the vehicle can occur if stacked boxes fall on the chassis or if a water leak rusts the frame.

Speak with your Martin Insurance Team agent to determine the best motorcycle insurance for your needs. Consider the importance of maintaining insurance during the offseason to protect your vehicle from the risks your prized possession may encounter in storage. Secure your bike for the long run– you’ll have confidence that your vehicle is protected in every season.