Is Commercial Insurance a Worthy Investment?

If you are also asking the above question, the straightforward answer is yes. According to Kramer Agency in Bismarck, ND, commercial insurance saves you considerable costs in case of damages or legal claims against your business. 

To get a clear insight on how commercial insurance can help you, keep reading this post to the end as we highlight its benefits.

Liability protection

One of the key reasons you should invest in commercial insurance is to cover the expenses of liability claims filed against your business. For instance, when a customer falls and sustains injuries while on your business property, they can sue your company. It’s under such situations when business liability insurance steps in to bear the cost of such claims.

Ultimately, liability coverage protects your business against advertising injury, bodily injury, and property damage caused to third parties. 

Boosts business reputation

When you have commercial insurance, people will view your business differently. They will have confidence when entering into deals since they know you have insurance coverage that would get them sorted if things go astray. 

Protection of workers

If your workers get injured while in the line of duty, you’d be held accountable for their treatment and hospitalization costs. Also, you’d be required to compensate for their lost income. Such costs can inconvenience your business but not when you have commercial insurance.

Protect business assets

Your business assets such as buildings, furniture, inventory, computer equipment, and so on can get damaged due to unforeseen perils such as fire. Depending on the extent of the asset damages, your business operations may come to a standstill. Luckily, when you have commercial insurance, you can reach out to your commercial insurer and seek compensation.

Buy commercial insurance today!

The above benefits represent just a portion of what you’d enjoy if you subscribe to commercial insurance. Don’t run a risky business. Instead, reach out to Kramer Agency in Bismarck, ND today and have your business insured.

Is it Time To Upgrade my Home Insurance?

The chances are that the Bismarck, ND home you built a couple of years ago looks so different today. To that end, just as you continue upgrading your home, so should your home insurance. The home insurance you purchased a while back could no longer be the policy you need now.

Remember, home insurance aims to protect your assets, including your family member’s liabilities. Therefore, reviewing your home insurance from time to time is crucial to avoid being over or underinsured. But how will I know my home insurance needs to be updated? Relax, at Kramer Agency, we’ve got your answer.

Here are the reasons why you should update your homeowner’s insurance.

Home improvement 

Home improvement or renovation can impact the value of your home significantly. Whether you’ve put on a new roof, renovated your kitchen, or added a bathroom, you must let your insurance agent know. You should update your policy to cover the replacement costs in the event of a claim.

Added personal contents

When purchasing your home insurance, you calculated the amount it would take to replace your personal belongings in case of loss or damage. You are likely to have added more items since then or replaced them with high-end furnishings. With this, your policy may not be enough to cover their replacement. It’s, therefore, important you update your home insurance.

Added safety prevention

Home surveillance systems and alarms are helpful to homeowners as they provide additional security. If you have added any of these components, you may be in for a pleasant surprise. Improving the safety components of your home may affect your premiums favorably.

Homeowners insurance in Bismarck, ND 

It’s always crucial to keep updating your homeowner’s insurance. A regular home insurance review could even land you some savings on premiums besides having the right amount of coverage. Ready for your insurance update or new home insurance? Call us at Kramer Agency for an affordable quote.