Package
- property
- liability

Long-Term Care

Business Package Insurance

Note that May 27-June 2 is Hurricane Preparedness Week.
The National Weather Service has several resources which are accessible at www.nhc.noaa.gov/prepare/

We will help you protect your most valuable asset...your business! The Business Owners Policy (BOP) is designed for businessowners who want property and liability protection under one policy. The BOP combines comprehensive property and liability protection under one simple policy. You select the coverages and options important to you including:

• Building values
• Contents or Business personal property values
• Business liability limits
• Loss of Business Income limits
• Property loss deductibles

Business Auto Insurance

Some businesses own vehicles used in their daily operation. If those vehicles are titled in the business name, or if an individual uses the vehicle primarily for business use, a business auto policy is needed to protect the business from liability concerns on the road. Business auto rates, in part, are affected by:

• the size and type of the vehicle
• the operating radius
• the driver(s) and his record
• coverage limits
• physical damage and deductibles

Workers Compensation Insurance

State law requires Workers Compensation (WC) coverage for all of your employees. Whether part-time or full-time, employees are covered on the job for work-related injuries and lost time from work. WC rates are affected by:

• job classification
• total payroll for each job class
• experience

Inland Marine Insurance

List your valuable pieces of equipment and tools on your BOP policy, or schedule them on a separate Inland Marine (IM) policy. Scheduled coverage allows you to list specific valuable pieces, or blanket those equipment and tools.

Bonds

Individuals and businesses need bonds to guarantee performance of a particular job or event. A bond is generally undertaken by a third party promising to pay if a contractor does not fulfill its obligations under a contract. Bonds are generally divided into two types: Fidelity and Surety Bonds. Both types differ from insurance in that they always have three parties as central to the contract: 1) a Principal-the entity or person that might cause a loss; 2) the Obligee-the entity that collects under the bond, should the principal cause a loss; and, 3) a Surety-the entity that pays the loss, such as an insurance company.

Fidelity Bonds are issued as a guarantee against loss due to employee dishonesty (individual bonds, scheduled bonds, blanket bonds, and discovery bonds). Surety Bonds are issued to cover a wide range of actions and other situations (contract bonds, court bonds, federal bonds, license and permit bonds, public official bonds, and other).

Life Insurance

Life insurance provides financial protection for you and your family. It is used to cover debt obligations (mortgages, home equity loans, car loans, credit card debts, etc.) and provide cash flow in the case of an unexpected and premature death of one or more of the family breadwinners. Life insurance comes in several forms and can also be used for estate planning purposes. Forms of life insurance include term, universal, variable universal, and permanent.

• lower initial cost
• protection for a specific time period
• covers a specific need
• option to include income stream
• option to convert to permanent life insurance

• flexible premiums
• flexible coverage amounts
• flexible term
• guaranteed interest rates in a tax-deferred vehicle
• opportunity to accumulate cash value
• access to cash value

• same benefits as universal
• investment subaccounts (mutual funds) to accumulate cash value

• policy guarantees
• protection for your entire life
• access to cash values
• higher initial premium
• tax-deferred vehicle with guaranteed interest rate

Health Insurance

Health insurance provides financial protection against a catastrophic medical expense. You can tailor a program of comprehensive major medical coverage to include networks (PPO's) or traditional (any provider) plans. You select your deductible, coinsurance, and options for yourself and family including maternity, prescription drug card, dental, accidental medical expense, and a Health Savings Account (HSA) for the self-employed. Group plans are available for two or more employees.

Disability Insurance

Disability insurance replaces lost wages due to a long-term health condition that prevents you from working and earning wages. Provide for your family with the disability insurance needed to continue paying your everyday living expenses. Select your level of income, deductible period, term of benefits and options.

Individual Retirement Accounts (IRA's)

Individual Retirement Accounts (IRA's) are available to any employed or self-employed person who receives earned income or compensation. Contributions to an IRA may reduce your taxable income and earnings may accumulate tax-deferred. The principal and interest of your IRA are not taxable income until they are withdrawn, usually upon retirement or mandated by the IRS after age 70 1/2. Early withdrawals (prior to age 59 1/2) may incur a 10% penalty.

Annuities

Annuities are insurance company products. They are an investment vehicle used to provide an income stream at some future date. You may make a lump-sum contribution or periodic contributions over time to the annuity. You select the future date when the annuity's principal and interest are repaid to you. Annuities are popular investment vehicles for IRA's, allowing income to be paid in the future over several years, thus reducing the tax impact.