What is the Best Business Insurance?

It depends! Finding the best business insurance for many small businesses can be a challenge. Most small business owners in Kentucky will see that they have multiple options. Generally, competition leads to lower prices for canny consumers. With that said, commercial insurance is not a commodity and finding the best value may take a little effor.

Prices paid for Kentucky business owners’ insurance may range widely. Commercial insurance rates in Georgia and South Carolina are no different. Chances are, the more unique your business is, the tougher it will be to find a great deal on commercial insurance. Ferreting through the long list of products makes it difficult. 

Insurance Options

To find the best commercial insurance for you, start by reviewing your options. Insurance companies do not write insurance in all states. It’s not uncommon to see a company provide great rates to business in one state, but for some small businesses, you will find that they don’t have a lot of options.  Auto dealerships, certain trucking classes, and roofers are good examples. Regardless, it is important to continue your search.  

Price

Commercial insurance premiums can be a cause of friction.   Would you buy a commercial auto policy if it only provided coverage on Saturday and Sunday?

If you could buy it at 10% of the competitor’s price would you do it?

Of course, you wouldn’t! This ridicules and silly example is used to get a point across. Price is significant! But only after you have determined that the policy is suitable for your business. 

Insurance is not a commodity.  TruePoint agents are using transparency and communications to help KY, IN, SC, and GA business owners.
Insurance coverages change from one policy to the next

Coverage

There are many insurance agents, broke, s and carriers that sell on price alone.  Each of them would love for you to believe that insurance is a commodity. Business owners beware. As the business owner or manager, it is your responsibility to make sure any business insurance policy being considered has the coverages that you need.  When comparing multiple policies, make sure that they are on par with each other.  It is the agent’s job to provide a quote that is comparable to your current coverages.  However, it is your business that will bear the brunt.

Great insurance agents don’t sell, they inform and advise. First, they take the steps to understand the prospective business.  And hopefully, an understanding of the risk aversion of the prospect. After generating quotes and putting together a proposal.  The question of price can now be considered.  By interacting with the insured, risk management decisions can be made incorporating both coverage and price information.

Great insurance quotes don’t use deceptive practices to alter the relative value. The following are just a few ways that we’ve seen this attempted in the past:

Commercial insurance for roof blown off, business insurance deductibles in % beware
BEWARE: If your deductible has a % sign and not a $ sign.

• Deductible Changing a deductible from $500 to $1,000 without consulting the client isn’t a smart thing to do. Watching your deductible and other factors, that make up your commercial insurance policy is wise.

By committing to review your insurance policy when quoting and at renewal time you will also avoid some more adverse outcomes. While the dollar-based deductible change is concerning, beware of any deductible expressed as a percentage. Anymore it’s not uncommon to see 1% or 2% deductibles, especially for the wind/hail deductibles. If the deductible were 1% of the loss, there would be no issue. But it’s not; a 1% deductible is based on the policy limit. So if you have an office with a $600,000 value or limit, the deductible is $6,000 at 1%/ $12,000 at 2%.

Assume you have a 2% wind/hail deductible. A windstorm hits that result in $8,000 in damages. At first blush, a 2% deductible on an $8,000 claim is $160??

WRONG!

Your deductible $12, 0000. You pay for all the repairs.

• Read your application.  There are a lot of questions, people make mistakes, and even worse sometimes they assume. By signing the application, you are attesting to the accuracy of the information that is being provided.  Down the road, supplying the insurance company with bad information may muddy things up.

• What does your General Liability say about you? Your Commercial General Liability premium is a result of what and how much you do. You should review both for accuracy. Consider the following. 

You have the opportunity to be an insurance company. Today you can write a General Liability insurance to one business only.  Regardless of your choice, you will receive a premium of $500.  

Need Tree Removal insurance in Kentucky.  TruePoint can help! We're also helping tree trees find insurance in Georgia, South Carolina and, Indiana.
Insurance starts with understanding risk

The first company you can insure is in the Tree Removal Business.  They also do lawn-care, snowplowing, and building demolition.  Their current policy indicates that they are in the lawn-care business.  The owner argues that this is correct as 50% of their revenues come from mowing lawns.

Do you need insurance for lawn care business in Kentucky.  TruePoint is also working to insure lawn cares businesses in Georgia, South Carolina and Indiana.
We have great lawncare insurance options in KY, GA, SC, and IN

The second company is a Lawn Care Business? They mow lawns.  Period!

Pick one.  Remember, the premium will be the same regardless of your choice.

The point is you need to know what type of business your insurance policy says you are.  What if you’re the first business? 

Do you think he will be covered if a tree falls on a house?

How much?  How much business you do is also important.   Premiums for Commercial General Liability are primarily a function of what you do.  What you do has multiple meanings. For example, the type of work you do, how often you do it, how many people help you, how long you’ve done it and how many losses you’ve had.

What will happen If your application states that you have a payroll of $34,000 when the truth is you have a payroll of $95,000?

Houston we have a problem!

Rocket launch pad, experiencing problems similar things can happen to your commercial insurance

After your policy has been in force for a full year, your insurance company will perform an audit. At this point, they will discover that your payroll is almost three times higher.  What happens? They will send you a bill to offset the difference. Hold on. Things are about to get worse. After plugging your true payroll into their system, you will start receiving significantly higher bills.  One last carpet bomb; you know have a policy that is costing $2,000 more per year than advertised. In hindsight, you now have to question your decision. What appeared to be a $400 savings appears to have cost much more than the policy with all the bells and whistles. Wow!

But this is not the end of the process; it is ongoing.

It doesn’t matter whether you’re trying to buy Georgia commercial insurance or South Carolina. Great insurance is a two way street between the agent and the business owner. Constant communication aimed at awareness and identification of ever-changing exposures. Feedback to this should come in the manner of risk transfer options.  This should include their cost and some form of analysis.  The end result gives the business owner the ability to make an educated decision.

We are Kentucky Business Insurance Specialist.  TruePoint will soon be on of the best business insurance solutions in Georgia and South Carolina.
Business Insurance that’s on target. TruePoint Insurance!

There is an answer to what is the best business insurance. Unfortunately, it isn’t as simple as the insurance company or that insurance agent. It is a function of where you live, what you do, and what you need in regards to insurance. The formula should be extended to what insurance companies you can access.  The final factor may be the easiest place to get off track.  It is critical that you find an agent or broker that is knowledge and transparency.

In short, you are the key to determining what the best business insurance for your business is.

TruePoint Insurance Group, LLC

Our Kentucky and Indiana team can be reached at (502) 410-5089

Contact our Georgia and South Carolina commercial insurance team at (912) 330-1265

Business Insurance for Savannah Small Business Owners

The kind souls of Savannah, GA are helpful and creative people, as we at TruePoint Insurance have found out since moving into the area. We’d like to help you put that potential to work as your own boss with business insurance coverage.

The first insurance risk that every business needs to evaluate is their workers’ compensation liability. Any company that has three or more employees is required by state law to have coverage, and there are good cases for having the coverage when you have even a single employee.

Your other liabilities will depend on the type of service that your company provides. If you sell crafted goods through an online store, you won’t have the same risk as if you opened a food truck. When you discuss your company with your provider or agent, always accurately answer any questions about your operations. Even if you’re not lying to them, you may end up underinsured with a huge liability risk.

The last major component of your business insurance will be property coverage. This will be broken down into different types of assets and causes of damage, but the typical policy setup will include coverage for both your business’s own buildings, fixtures, and equipment as well as any under its custody throughout the course of doing business.

Other types of coverage exist, but the details may change depending on the provider. For more details, contact an insurance agent like us at TruePoint Insurance whose job is to get you into the right policy for your liabilities and assets. With your insurance needs properly covered, you can get back to starting or running your small business in Savannah, GA with fewer distractions on your mind.

Georgia Auto Insurance: Do You Need Collision Insurance and Comprehensive Insurance

The only time that you absolutely need collision insurance and comprehensive insurance in Savannah, GA is when your lender requires it. In other cases, it can be a good idea. In some cases, it’s not worth the expense.

At TruePoint Insurance, we will be able to help you determine if you need it or not. There are some things to consider when you are renewing or updating your Georgia auto insurance policy.

The Car Value

If you have an older car or one that is only worth a few thousand dollars, you may not need collision or comprehensive insurance. The damage to your vehicle may be worth more than the insurance coverage.

You will have a car replaced with the value of your vehicle. If it doesn’t have a high value, and your lender doesn’t require it, these coverages may not be worth it.

Deductible Amount

This ties into the value of your car. If you have a high deductible so that you can save on premiums, then collision insurance or comprehensive insurance won’t be worth it.

If your deductible amount is the same as the amount on your replacement value, for example, neither collision nor comprehensive insurance is worth the added costs to your premiums.

You can apply for that extra money every month to other coverages for your auto insurance, or just get the minimum liability coverages you need for auto insurance.

When You Need Collision and Comprehensive Insurance

If you have a newer car or a car worth a high value, you will think more seriously about collision insurance and comprehensive insurance. If you want to replace your car to the same value that you have now, these are coverages worth getting.

Talk to a Broker

When you are looking at renewing or updating your auto insurance policy in Savannah, GA, it is always best to talk to a broker or insurance agent and find out how to get the best policy for your situation. Call TruePoint Insurance for a quote today.

3 Times to Review Your Commercial Insurance Policy

From small business owners to leaders of massive corporations, every person who runs a company should take the time to evaluate their commercial insurance coverage. At TruePoint Insurance, we recommend doing so in these cases.

When Your Revenue Grows

Growing revenue is what every business wants, but your company tends to take on additional risks as it expands. You may hire new employees, open a new location, or add vehicles to the company fleet. Workers’ compensation is required for any Savannah, GA business that has three or more employees, and all vehicles need commercial auto coverage. Beyond that, your coverage limits on perils like business interruption may no longer be enough to cover the losses.

When You Shed or Lower Risks

Insurance policy costs reflect the risks that your business faces. Some risks will be a part of your company’s existence no matter what you do, but there are some that fluctuate. When you move your business to a better location or no longer have a contract like shipping volatile goods, you have lowered your overall risk. Showing these improvements to your commercial insurance provider or using them to shop for a new policy could result in lower costs or improved benefits.

When Doing an Annual Review

No matter what’s going on with your business, regularly checking on your existing financial obligations and protections is a good habit. Look over your policy at least once a year, evaluate the monetary values against your business’s assets and revenue, and consider the likely costs of the covered perils. If you’re a TruePoint Insurance customer or live in the Savannah, GA area, you can contact us at any time to compare your current insurance policy with other options.

Auto Insurance and Teen Drivers: What You Need to Know

There are many questions that arise for Savannah, GA parents who have teenagers about to start driving. If this sounds like you, then you are in the right place. TruePoint Insurance has put together several commonly asked questions to help you as you navigate this new and exciting chapter of your life.

Why Do Your Auto Insurance Premiums Increase?

New and teenage drivers are responsible for a significant portion of serious automobile crashes, and insurance companies are very well aware of this information. Because of this, they must figure out a way to balance out the risk and reward. They do this by increasing auto insurance premiums for younger and less experienced drivers.

Is It a Good Idea to Get Teens Their Own Insurance Policies?

Many parents believe they should simply get their teen their own individual auto insurance policy. However, as a general rule, when it comes down to it, adding your new teen driver to your current auto insurance policy will be less expensive than purchasing a separate policy solely for your teen driver. However, there may be instances when a standalone policy is ideal, and our team can speak to you about your individual situation and determine which option is most cost-effective for your family.

Is There Any Possible Way to Reduce Premiums?

Because your insurance premiums go up when you add your teen driver, you may want to figure out a way to save money if you can. From multivehicle discounts, if you add another vehicle for your teenager to discounts for good grades, the good news is that there are plenty of discounts available through most insurance companies.

If you have any further questions about insuring your teen driver in Savannah, GA, or if you are ready to add your teenager to your insurance policy, reach out to our team at TruePoint Insurance.

4 Things to Keep in Mind When Buying a Condo

It may come as a surprise, but buying a family home is not the same as buying a condominium. One of the critical factors to consider include condo insurance. TruePoint Insurance serving Savannah, GA, provides affordable and effective options to choose from. Some of the crucial factors condo buyers should consider before purchase are:

Amenities

They include extras such as a swimming pool, gym, guest suites, party room, visitor parking, etc. You need to consider how you will make good use of them when you are the new owner. Instead of leaving the swimming pool water or gym space to get dirty since you don’t need it, it would be wiser to go for an option without those unnecessary extras.

Insurance

Condo insurance covers personal property, interior damage, housing displacement, master policy coverage limits, and guest liability. Having your insurance helps you avoid complicated situations that may arise due to an accident in the condo.

Review Condo Rules

Since most condos are close to one another, there will be rules and restrictions on residents. For example, pet restrictions are pretty popular in most condos, while others only allow small-sized dogs. In other settings, condo owners are not allowed to make any renovations without permission. Such rules exist to tame annoying neighbors who don’t care about others’ welfare.

Location

Depending on how your things progress, you may not spend your entire life living in a condo. Therefore, it’s essential to consider the location as it plays a significant role in its resale value. If the area your target condo is in is developing rapidly, it could help boost the property’s value.

Buying a condo can be a relatively straightforward process if you consider important factors such as the ones above. Consider reaching out to TruePoint Insurance serving Savannah, GA to get advice and offers on the right condo insurance coverage. Call to speak to an insurance expert for vital advice.

How much motorhome insurance should I buy?

If you’re buying a motorhome soon, you might be wondering what you need to operate it safely.  The Savannah, GA law requires that all motorhome owners carry motorhome insurance, particularly liability coverage. Motorhomes are generally more expensive to insure than most RVs as they cost more to replace than travel trailers and other RVs. At TruePoint Insurance, we recommend assessing your needs before purchasing motorhome insurance to maximize helpful coverage. Here are some of the factors that determine how much insurance you will need.

Motorhome usage

How you use your motorhome greatly affects how much insurance you will need. If you’re always on the roads, your insurance company may need you to have vacation liability and enough bodily injury and property damage liability. If you use your motorhome for recreation purposes, let your insurer know approximately how many days in a year you use your motorhome to adjust your rates.

Driving experience and record

Handling a motorhome is a completely different experience than driving a normal car. You have to know how to negotiate corners, keep the length and height of your motorhome in mind and drive carefully to maintain a clean driving record: the cleaner the records, the better the rates.  Additionally, too many claims indicate risk on the road.

Your location

Where you live or store your motorhome in Savannah, GA, matters as populated areas are at higher risk of accidents, which can increase your motorhome insurance costs. Regions prone to catastrophic weather may also cost more to insure. Motorhomes are large, expensive vehicles and a big target for car thieves. Consider storing them in a spacious locked garage or taking them to a storage company for additional safety.

At TruePoint Insurance, we can help you get a motorhome insurance policy that truly reflects the factors that will go with your motorhome.  Check out our website for more information and hesitate to call us if you have any questions.

Is renters insurance a necessity?

If you are renting an apartment in Savannah, GA you will need an outstanding insurance policy to safeguard your possessions. Landlords insurance property insurance protects the building itself, whether an apartment or a house. Your belongings and certain liabilities are covered only through a renter’s insurance policy that you have to scout and pay for. Regrettably, few tenants procure renters coverage with a notion that their landlord’s policy covers them. Connect with our agents at Truepoint Insurance, and they are ready to explain the following benefits of renters insurance you accrue as a tenant.

It covers losses to personal property.

A salient renters insurance policy covers against losses to your personal belongings such as clothes, jewelry, computers, furniture, and electronics. Even if, as a tenant, you don’t possess much, it can quickly accrue to a lot more than you realize. Renter’s coverages protect your personal property against imminent perils like:

  • Explosion
  • Falling objects
  • Fire or lightning
  • Smoke
  • Theft
  • Vandalism or malicious mischief

Provides liability coverage

Liability coverage protects someone if they are injured while on your premises or if you or another covered party injures someone else. It also pays any court judgments inclusive of legal fees up to your policy limit.

Provides coverage for additional living expenses

If your rented apartment gets uninhabitable in Savannah GA as a result of covered perils, your renter’s insurance coverage will cater to additional expenses like hotel bills and food costs.

Your landlord may require it.

It’s prudent to be aware that your landlord’s insurance caters to the structure itself devoid of your belongings. A sizeable number of landlords in Savannah GA might require tenants to procure their renter’s insurance coverages. They will expect to see a proof before allowing you to rent or occupy their building.

When selecting a formidable renters insurance, ensure to choose an insurance company that satisfies your needs or budget. Get In touch with us at Truepoint insurance in Savannah, GA  for comprehensive information about renter’s insurance. 

What Does RV Insurance Cover in Savannah Georgia?

If you like traveling with your family in an RV, camper or trailer, then you need liability insurance on your vehicle. If your RV, camper, or trailer are financed, you will need full coverage to protect your finance company’s assets. Different types of insurance can be confusing and at Truepoint Insurance we are here to help you.

What is the Minimum Liability for RVs in Savannah, GA?

In the state of Georgia, the minimum amount of insurance for an RV is 25/50/25. This means that you have $25,000 in property damage coverage per each accident, $50,000 for bodily injury per each accident, and $25,000 for property damage liability. This is the minimum amount you need if your RV is paid off and you own it outright.

What are the Other Types of RV Coverage?

Full coverage includes both comprehensive and collision insurance. Collision covers damage to your RV resulting from an accident and comprehensive damage to your RV for non-collision-related items such as wind damage or hail damage.

Vacation liability insurance covers costs of others’ property or for their injuries. This is different than the standard liability insurance needed for an RV in Savannah GA that you drive in that it will cover you when you hurt someone else or cause damage to their property when your RV is being used while you are on vacation instead of just driving down the road.

Roadside assistance is a great item to add to your RV insurance policy because you never know when something will go wrong. It can help you to tow your RV to a shop and allow you to get a rental car if repairs will take some time. Then you can get back on the road for your family adventures.

At TruePoint Insurance, our knowledgeable experts can help you to determine how to effectively insure your RV to recoup any losses if you incur damage. You can call us or come by our office near Savannah, GA in Pooler, to get all of the information you need.

Georgia Boat and Watercraft Insurance


TruePoint Insurance

As the Captain, your job is to manage risk constantly. While the safety of your passengers and crew is your number one concern, risk management for your vessel is also an ongoing problem.
That’s where we come in. TruePoint Insurance provides Coastal Georgia boatowners with access to many of the top boat insurance options. With locations in Pooler and Wilmington Island, TruePoint is making it easier than ever to find the proper insurance coverages for Savannah boatowners.

Boat insurance for Coastal Georgia

We provide coverage for the following types of watercraft:

  • Air Boat
  • Bass Boat
  • Bay Boat
  • Bowrider
  • Cabin Cruiser
  • Catamaran
  • Center Consoles
  • Cuddy Cabin
  • Deck Boat
  • Fishing Boat
  • Game Boat
  • High-Speed Boat
  • High-Value Boat
  • Houseboat
  • Jet Ski
  • Offshore Fishing Boat
  • Personal Watercraft
  • Pontoon
  • Runabout
  • Sail Boat
  • Ski Boat
  • Sport Boat
  • Yacht
  • and more…….


Whether you’re purchasing your first boat or just checking around for a better value, reach out to one of our Georgia boat insurance specialists. We’ll take the time to find the right coverages for your unique situation.

Give us a call at (912) 330-1265,

or Click Here to learn more about TruePoint Insurance.

Georgia Restaurant Insurance



Restaurants and Pubs

Managing a Restaurant or Pub is hard work. Finding the correct insurance for your endeavor shouldn’t add to your headaches. Obtaining the coverages at the right price should be the responsibility of a reliable and trusted insurance professional.

Insurance for Pubs and Taverns
Insurance for Georgia Pubs and Taverns

Different cuisines, Franchises versus Mom and Pop, and the processes utilized for cooking are just a few of the factors that may influence a restaurant’s premium. Other factors can have a more dramatic impact on premiums. For example, alcohol sales, entertainment (such as live music or karaoke), and dance floors may make it harder to secure adequate and reasonably priced insurance.

That’s where we come in. With two locations in Savannah, GA, our insurance agency is helping restaurant owners in Coastal Georgia, and many other Georgia locations navigate the specific insurance needs of the industry. TruePoint Insurance has aligned with many of the top carriers providing insurance for Georgia restaurants and pubs. So while you focus your energy on staffing, menus, and other operations-critical issues, we will be behind the scenes searching for the appropriate insurance coverages that meet your unique needs.


Give us a call now at (912) 330-1265

or Click Here to learn more about TruePoint Insurance