What’s Unique about Commercial Insurance

A commercial insurance policy provides coverage in a way that it protects a business. Not only does it provide protection over the business owner, but also over its employees. Since there are no two companies that are exactly alike, this means that there is no one-size-fits-all business insurance policy. The specifics of your company will determine the exact type of commercial business policy you need to purchase. Let’s take a quick look at a few things that are unique about commercial insurance. 

When it comes to buying insurance for a business, many business owners want to know the exact type of insurance they should be purchasing as well as how much the premiums are going to cost. What should be remembered, though, is that there are multiple factors that affect commercial insurance costs. Commercial insurance is unique because it is affected by the number of employees you have, the gross annual revenue of your company, the location of your business, your number of years in business, and more. You will also need to provide information relating to whether or not the property in which you conduct your business out of is owned, leased, or rented. 

Other factors that are going to influence the exact type of commercial insurance you need for your company include whether or not you own any company vehicles and how often your employees drive them. It should also be noted that there are several types of commercial insurance, including commercial health insurance. The exact types of different commercial insurance you should invest in will be determined by your business’ specific needs. The best way to learn about the types you should buy is by contacting Benefit Insurance Services in Myrtle Beach, SC. 

How To Protect Your Family With Life Insurance

One of the most important, and least obtained insurance is life insurance. Life insurance is designed to offer your loved ones a layer of protection in the event of your covered untimely death. This insurance can keep your family secure in the face of lost income and any financial hardships as a result of your passing.

How Does It Work?

Life insurance pays a sum of money in the event of a covered incident resulting in the death of the covered individual. The policy is paid to a beneficiary upon the settlement of the claim. This money can be used to cover the funeral expenses of the deceased, as well as bills and other living expenses. Having the money to pay all of the bills left for the family can really relieve some of the burdens of an unexpected death. 

How Much Is Enough?

You should figure all of your bills, plus ten years worth of lost wages, in addition to other expenses such as tuition and maintenance of a residence. Once you get a figure, you should round up to the next available coverage amount offered by the insurance company. Ensure you leave your family feeling secure in your absence with proper life insurance planning. For more information on life insurance contact Myrtle Beach, SC, Benefit Insurance Services.

Don’t leave your family’s security hanging in the balance in the event of your untimely death. Check out or stop by Myrtle Beach, SC, Benefit Insurance Services for help planning for the future and for answers to any questions you may have regarding life insurance or their life insurance coverage.

In Myrtle Beach, SC: Do Mopeds Require the Same Insurance as Motorcycles?

In Myrtle Beach, SC, scooters and mopeds are everywhere. The agents of Benefit Insurance Services can answer all of your questions concerning both insuring and licensing/registering them. There are distinct differences between the two, especially when it comes to how they are classified by the Department of Motor Vehicles.

Scooters vs. Mopeds

The main differences between mopeds and scooters involve the size of the motors and where they get their power from. Mopeds are not considered to be motorcycles because they aren’t constantly being driven by the motor. Scooters, on the other hand, are classified as motorcycles because their motor provides all of the power all of the time. Even though they operate in a similar fashion, a moped doesn’t require insurance, but scooters do.

Being Prepared

Mopeds can be used on city streets and all public roadways, just like other motor vehicles. It’s important that you learn as much as you can about how your moped operates before taking to the streets. Make sure you know how each feature operates and study the driver’s license manual thoroughly. While you may not be required to carry insurance on your moped, you must have a valid driver’s license and understand the rules of the road.

The agents of Benefit Insurance Services are available to answer your questions and make sure you understand your rights and responsibilities when it comes to moped use in Myrtle Beach, SC. Don’t leave things to chance, call and talk to one of their licensed agents today to make sure you have the coverage you need at all times. 

 

 

 

Factors to Consider Before Getting Life Insurance

Life insurance is not a legal requirement for the residents of Myrtle Beach, SC, but many people choose to make it an integral part of their estate planning. Life insurance is a long term commitment, and there are some considerations you should be aware of before obtaining a policy that we will discuss in this post. 

Each Situation is Different

It is important to reflect on your family’s situation to ascertain the impact that your death would have on your loved ones. If you currently carry credit card debt or have a mortgage, you will need to calculate how much it would take to pay off those obligations, and you will need to figure out what your end-of-life costs may possibly entail. Knowing how much your burial expenses will likely be is necessary as well as is tabulating how much money your family would need to replace lost income or to put adult children through college. 

You will also need to decide whether to purchase term life or cash value insurance. Term life is good for a set period of time, usually ten to twenty years and is good for wage earners in good health. Cash value insurances includes whole life insurance that can last a lifetime and does not have flexible terms and universal life insurance that has more flexible terms and can be used to accrue savings. You will need to decide which insurance option will best fit your situation. 

Benefit Insurance Services is Here to Serve You

Benefit Insurance Services has been privileged to serve the Myrtle Beach, SC area for a number of years, and we look forward to working with you. You can use the handy rating tool on our website to find a fast quote on a homeowners and automobile insurance policy, and we welcome you to stop by our office and to speak to our knowledgeable agents about the life insurance package that is right for you.

 

How is Condo Insurance Different than Homeowner’s Insurance?

Condos are a great way to live but if you do not have the right insurance your valuables and home could be at risk. For those in the Myrtle Beach, SC area, condos are a must and the agents with Benefit Insurance Services can help you find the perfect policy.

The main difference between condo insurance and home insurance is that with a condo, you are not responsible for the exterior of the building. In most cases, the owner of the condos maintains the exterior of the building so that the residents need only worry about the interior of the home and their belongings within. In most cases, the actual building is going to be protected by an insurance policy that the owner holds and you do not have to worry about it.

This means that your policy is going to mainly focus on the protection of your items inside the condo and to help protect from any injury that might occur to guests while they are in the condo. This means that condo policies, much like apartment or renters policies, are going to focus on creating an in depth and in detail list of all the items that are within the home. This allows the insurance agency to get a good idea of what needs to be protected should there be something like a fire or a burglary.

For those that have condos, condo insurance is a great way to keep your valuables safe without having to worry about how you are going to do so. For those that live in the Myrtle Beach, SC area, the agents with Benefit Insurance Services can help you to find the right policy to protect yourself and your belongings if you live in a condo.

Prepare for Flooding During Hurricane Season

Floods are widespread and extremely costly. In Myrtle Beach, SC, the independent insurance agents at Benefits Insurance Services would like to share some important information with you to help you prepare for flooding during the hurricane season.

Heed Hurricane and Flood Warnings

A flood is an immense threat to communities. Water can rise way above sea levels and become stagnant in the streets. Even if you live in an area where flooding is not commonplace, water levels can easily reach your home during a storm. Hurricane and flood warnings are issued when the risk is imminent, so take them seriously and protect yourself.

Prep Your Home

Unplug devices, appliances, and electrical equipment. Make sure anything that must stay plugged in during the storm is placed on a surge protector. If your electricity shortens during the hurricane, your refrigerator should be safe if it is plugged into a surge protector.

Fill sandbags and place them outside as a barrier to prevent water from seeping indoors. Even a little water can damage rugs, furniture, flooring, and walls. You’ll need flood insurance to help with the damage that a flood causes after a hurricane has passed.

Move furniture, clothing, and equipment off of the floor. If at all possible, put it on the second level of your home.

Store Emergency Supplies

Keep a box of supplies in a place where you can get to them quickly. A medium-sized container or box should hold everything you’ll need during and after the storm.

  • First-aid kit
  • Flashlight
  • Canned food
  • Bottled water
  • Dry clothing
  • Rain gear
  • Prescriptions

Talk with your independent agents at Benefit Insurance Services in Myrtle Beach, SC before hurricane season begins. You should purchase flood insurance to protect you from the cost of repairs you’ll need if your home or property becomes damaged.

Renter’s Insurance: Luxury or Need?

Renter’s insurance has much to offer individuals who are renting a home or apartment. Renter’s insurance can save you a substantial amount of money by protecting personal goods from theft, damage or loss. Here are just a few of the many benefits you stand to gain from a renter’s insurance policy from Benefit Insurance Services in Myrtle Beach, SC. 

Personal Belongings

With renter’s insurance, you can recover the cost of repairing or replacing personal goods that have been stolen, damaged or lost due to flood, fire, vandalism or other covered peril. Renter’s insurance can cover such items as clothing, jewelry, electronics, furniture, home appliances, linens, dishes and more.

If you own a fair amount of goods, renter’s insurance should be a priority. Without insurance protection, you would have to pay for repairing or replacing personal goods on your own. Creating an inventory of your belongings will make it easier to file a claim when you have a need.

Accidents

If a friend or relative has an accident while visiting your apartment, renter’s liability coverage will help pay for their medical care, relieving you of the responsibility of covering this expense on your own. The more visitors you have to your property, the greater the risk of accidents. Renter’s insurance will even cover medical treatment for dog bites if your pet gets out of control.

Temporary Dwelling

In the event of a disaster that forces you out of your apartment, renter’s insurance will help pay for the cost of the temporary dwelling such as a hotel, meals and living expenses until your apartment is repaired and you can return home.

The many benefits of renter’s insurance make it a worthwhile investment in protecting your assets. Learn more about coverage options and costs by contacting your Benefit Insurance Services agent in Myrtle Beach, SC.

 

Is Vision Covered Under My Health Insurance Policy

We often take our vision for granted until it becomes a problem.  Every day we wake up, open our eyes and step out of bed.  We complete these routine thousands of times throughout our lives, but things change over time. We grow and our bodies change and mark the passing of time.  What we see and how we see it changes over time.  At some point, we call our vision provider.  We wonder how we will pay for it later.  It isn’t always clear if our health insurance will pay for our visit with the provider.  Benefit Insurance Services wants to help by providing answers as to whether vision is covered under your health insurance policy. 

Medical Conditions Causing Vision Loss

There are lots of things to see and do in Myrtle Beach, SC  but it can be hard when you’re sick and it causes vision loss. Sometimes illness or medical conditions cause vision loss. Medical conditions such as Diabetes, Lyme Disease, Homocystinuria, Sarcoidosis  cause changes in eyesight   

When vision loss is related to a medical condition your health insurance may cover an appointment with an optometrist or an ophthalmologist. There are a range of issues that can arise secondary to medical conditions and when issues arise it becomes necessary to treat the problem.  If your vision loss is secondary to some other problem you may be covered.  

Routine Eye Exams

If your need is simple and all you need is a new prescription for contacts or glasses health insurance probably won’t cover the appointment.  This is where vision coverage takes over and covers the appointment.

There are lots of options for providers and insurance companies in Myrtle Beach, SC and Benefit Insurance company wants you to have answers to all of your questions about eye care and health insurance.

Do You Need Commercial Insurance For Your Home Business?

Running a successful business from your Myrtle Beach, SC home can be a tough, yet fulfilling way to make a living. However, having a business run from your home can complicate matters from an insurance standpoint. Fortunately, the experts at Benefit Insurance Services can help you find the right type of insurance for your unique needs.

It’s all too common for home business owners to rely solely on their homeowner’s insurance policies to cover their business equipment. However, most homeowner policies don’t apply to home business operations. If you lose vital business equipment to a fire or theft, there’s a good chance it won’t be covered under your existing homeowners policy. Your insurer may even decide to cancel your policy if such losses occur. Having commercial insurance for your home business insures that you can cover any losses that occur without worrying about it affecting your homeowner’s insurance coverage.

Another reason to have commercial insurance is to prevent physical losses from shutting down your business operations. If something happens that causes your business to lose a substantial amount of income or threatens to shut down your business altogether, your commercial coverage may be able to help you weather the storm.

Commercial insurance can also protect your home business against common liability risks, including bodily injury or property damage that’s business-related. Your homeowner’s insurance policy won’t cover claims stemming from services rendered, so it’s a good idea to have commercial insurance that can take care of these and other liability issues.

There’s no reason to be without commercial insurance coverage for your home business. If you’re in the Myrtle Beach, SC area, you can turn to Benefit Insurance Services for a policy that best matches your home business needs.

Can A Child be the Named Beneficiary on a Life Insurance Policy?

There are a great number of issues to keep in mind when filling out insurance paperwork and one is of course, who is going to be named beneficiary. In most cases, you have a basic idea of who you want to get the policy in the event of your death, but you may still have questions. For those that live in or around the Myrtle Beach, SC area, the agents with Benefit Insurance Services can help.

A beneficiary can be pretty much anyone you want, if you are naming a child however, there may be special provisions. A child that is under the age of 18 is not typically the best choice when it comes to beneficiary, the reason being that most insurance companies will not pay out a policy to a minor. There is a way to get around this however. One is to choose someone you trust, maybe even the person that will be getting custody of your children if you die, and name them trustee.

You can do this two ways, you can name them as the trustee for the child and draw up the legal paperwork or you can simply name them beneficiary on the policy. Generally if you trust someone enough to take custody of your children you can trust them to keep the child’s best interests in mind and to use the money from the policy to take care of your children.

Though you can name anyone as beneficiary, naming a child that is under the age of 18 is likely to incur legal action which will take time, money, and will add to the stress that the child is already going through. For those in the Myrtle Beach, SC area, the agents with Benefit Insurance Services can help.