Commercial Insurance: Every Company’s Bodyguard

Everyone faces risks, dangers, and threats to our safety, livelihood, and health. That is the primary reason insurance exists. If you are a business owner or manage a business, those risks, dangers, and threats are increased thousand times over – that’s why there is commercial insurance. With all the risks a business must face, commercial insurance is like your bodyguard.

To Protect

It is one of the most common reasons why people purchase insurance. Damages, lawsuits, and accidents can all equal big expenses. When it comes to repairs, liability, and suffering, insurance is there to help. GTW Insurance is here to afford businesses in NE Arkansas the protection law requires and that their customers want.

To Deter

While the major role of a bodyguard is to protect, having the right protection can also act as a deterrent. When that scam artist slips on that invisible spill, watch how fast they disappear when your management team puts them in touch with your agent. Commercial insurance flexes when it protects your business, deters would be sue-happy criminals and like the best bodyguards, it watches your back – even when you’re sleeping.

The Business Bodyguard

At GTW Insurance, we may not look like your typical bodyguard but we will help you find a plan and policy to protect you and your business. If you are wanting to learn more about commercial insurance for your NE Arkansas company, our agents are here to help and to help keep your business safe. Contact an agent today to schedule an appointment to compare rates or to discuss your commercial insurance options. Commercial insurance, it’s like a bodyguard for your business.

Why Do I Need Home Insurance?

When you make the decision to buy a house in NE Arkansas, you are making a huge commitment. Not only is a home a sound financial investment, but it is also an investment in your family’s future. You will want to do everything humanly possible to safeguard it, which is why home insurance is a must. You will only benefit from protecting your home. Here are a few reasons to contact GTW Insurance for more information on home insurance:

Protect Investment

Many unforeseen situations can be covered under your home insurance policy. If you are faced with a robbery or theft, the insurance will help to recoup the cost of damages to the house and loss of items. It can also protect you in the event of a natural disaster, such as a flood, tornado, or fire. Homeowners insurance will cover repairs, so that you save the money that would have otherwise come out-of-pocket.

Reduce Stress

When you have a safety net, like home insurance, the anxiety that comes with worrying about potential disasters will disappear. You can be confident in knowing that you have gone to great lengths to ensure that your investment and family are protected. Without this stress on your mind, you can focus on the things in your life that really matter.

Lender Requirement

In some cases, a mortgage lender will require that you have at least the minimum coverage under a home insurance policy before you can take out a loan. The reasoning for this is that the the home is the lender’s collateral, so they will want to make sure the house is covered in case of potential damages.

Suddenly having such a big investment to take care of can feel overwhelming. You can rest assured, however, that if you have homeowners insurance, your house will be covered if a catastrophic situation arises. If you are interested in getting homeowners insurance for your NE Arkansas home, be sure to contact GTW Insurance for more information.

What Do I Do if I’m in a Car Accident?

Getting into a car accident in NE Arkansas can be quite a traumatic ordeal. If you have never been in a situation like this, it can be difficult to know what to do when it does actually happen. It can be easy for the shock of the incident and subsequent nerves to take over. The most important thing to try to remember is to keep calm, so that you take away all of the right information for when you call GTW Insurance when reality settles back in.

Here is what you should do if you are involved in minor accident:

Take Pictures

Regardless of whether there appears to be visible damage to either car, take pictures of where the impact hit each vehicle. This way, if the other driver says there is a dent where there was not, you can prove it with photographic evidence. The same goes for if there is anything wrong with your car and the other driver claims that there was no damage to your vehicle. These photos can save you a lot of time and arguments.

Exchange Insurance Information

Be sure to take down all of the other driver’s insurance information and be completely open to giving him yours. You want to remain cordial at this time to prevent any unnecessary or additional stress to either of you. Having this information will give you a point of contact for your insurance company to communicate with the driver and his insurance company.

Call GTW Insurance

Once you are finished at the scene of the accident and settle at a safe location, call GTW Insurance to relay the information about the incident. Be sure to reiterate every detail that you can remember. At this point, they will ask for the other driver’s information and you will be able to send over the photographs you took at the scene, as well.

In the Event of Injury

If you are injured in the accident, if you are able to, do all of the above, as well as take pictures of your injuries. You will need to accurately describe what happened to the insurance companies and a doctor for the appropriate medical treatment.

Car accidents are never fun, but having an auto insurance policy will greatly reduce the stress and financial burden if you are involved in one. If you are located in NE Arkansas and interested in more information regarding auto insurance, please contact GTW Insurance.

Use Umbrella Insurance to Protect Your Business From Lawsuits

Every year in NE Arkansas, dozens of lawsuits affect business owners and cause them great financial hardship. If you are worried about this problem affecting your company, let us at GTW Insurance teach you about the benefits of umbrella policies and how they can protect business owners like you.

How Umbrella Insurance Protects You

Umbrella insurance is a type of extra liability insurance that only goes into effect if you are responsible for somebody’s personal injury or damages and your normal liability policy is not suitable. For example, if your basic liability policy covers just half of a lawsuit claim, umbrella insurance will kick in and pay up to the limits of the policy.

These types of policies are a wise investment for people from many different walks of life. However, a large number of individuals probably will rarely, if ever, be in a position where they need umbrella insurance. As a result, you should understand if you are one of these people or not.

People Who Might Need Umbrella Insurance

Not every business will benefit from an umbrella insurance policy. However, the following individuals are probably wise to invest in this type of policy:

  • Individuals Worth a Lot of Money – People who are worth more than six figures should get umbrella insurance to stay safe.
  • People Who Work From Home – Self-employed individuals who work from home probably need umbrella policies to avoid liability claims.
  • Any Independent Contractor – Builders, electricians, and other contractors who work for themselves should invest in umbrella insurance.
  • Those Who Work a Semi-Dangerous Career – If you work in a career that is potentially dangerous to your or your clients, get an umbrella policy.

Finding a Policy That Works

Anybody who lives in NE Arkansas who is concerned about umbrella insurance and whether it is right for their needs should contact us at GTW Insurance to learn more. Our professionals will help you better understand the available policies and get you one that works for your needs.

RV Insurance Brings Out The Best In Your Travels

Insurance You Can Understand

It doesn’t matter if you’re an experienced RV owner in NE Arkansas or you’re planning your first great escape next season, you’ll need specialized RV insurance for that rig of yours. Many people have trouble understanding all the details and terms of their insurance policies. Let GTW Insurance answer your questions so that you can have the knowledge that brings confidence. If you ever need to act on your insurance, you’ll have that information right at your fingertips so that you’ll have far less to worry about when something goes wrong. No matter what policy you have through us, a quick call to us will clarify the information for you at any time of year.

Make Great Memories

In Arkansas or out-of-state, your RV becomes your vehicle to adventure and memories. Your RV insurance coverage needs to be up to date with adequate coverage that works across state lines. The details can vary, but with our help, you can make sure that the insurance you have will work for you no matter what. If the unfortunate were to happen, it would become just a story to tell your friends. GTW Insurance has professional and knowledgeable people waiting to help you:

  1. Discuss your unique insurance needs with you.
  2. Present the policies of several major insurance providers for your inspection.
  3. Register your vehicle for excellent coverage.
  4. Protect your investment.

GTW Believes in Customer Satisfaction

You may not have considered what insurance you’d like for your RV yet. Perhaps you’ve had the same policy for years and haven’t really thought about it lately. State requirements and policy coverage details change on a regular basis. It’s important you contact GTW Insurance, serving NE Arkansas, for immediate access to the policies that will cover your RV. You won’t have to worry about insurance while stocking your rig and planning your next route. Happy camping!

The basics of motorcycle insurance.

Whether you are a recreational motorcyclist or a serious cross-country motorcyclist, it’s important to have the right insurance cover which meets your needs in order to protect yourself while on the road. Most states require motorcyclists to have basic liability insurance but due to the risks associated with riding a motorcycle, it is important to purchase more than just basic liability insurance.

The basics of motorcycle insurance include:

1. Liability coverage

Naturally, this cover includes protection of damage property and bodily injury to the motorist. It ensures you do not pay injury and repair bills for you and others. Despite the fact that It’s not the best option, it’s required.

2. Comprehensive and collision

While liability coverage shields another person’s expenses, collision coverage pays the bills in case of an accident. This policy pays for repair of your bike, riding apparel, helmets etc.

Collision coverage pays for damages to your bike in case of an accident while a comprehensive policy protects your motorcycle in case of theft, fire or vandalism. It comes in when it’s a non-collision incident an example being theft of your motorcycle.

With motorcycle insurance, it is possible to get special coverage which includes:

  1. Personal injury protection which includes physical therapy, psychiatric visits, and other costs regardless of whether you were at fault or not.
  2. Medical payments which cover expenses related to an accident
  3. Replacement value which covers the replacement cost of the motorcycle. It’s considered the original value less depreciation. If you have added any special features to your bike, you should consider upgrading your cover to replacement coverage so that it is not undervalued in case of theft or damages.
  4. Uninsured//underinsured motorist which will protect you in case of an accident with a person who has insufficient insurance cover for damages
  5. Trip interruption which covers any costs or expenses in case your bike breaks down when you’re far from your home until your bike is up and running
  6. Accessory custom parts equipment which will protect your bike against any additional unique parts which you purchased for your bike.

If you are a motorcycle enthusiast looking for coverage, visit us today at NE Arkansas, GTW Insurance for an array of motorcycle insurance coverage. Our team of professionals understand the importance of this cover and know exactly you need.

What to Look for in Renters Insurance

Renters can have a lot of personal property in their homes in NE Arkansas, and it’s necessary to get the proper coverage for those belongings. Many renters are under the assumption that insurance from their landlord will cover personal belongings, but that is not the case. In order to protect belongings and personal items, it’s necessary to have a renters insurance policy that adequately covers everything.

The main thing to look for in a renters insurance policy is adequate coverage for any personal property. This includes anything inside the home, which can be furniture, clothes, and your TV. Keep in mind that anything valuable, like jewelry or expensive art, will need a separate part of the policy. Also be mindful of any limits for expensive property. In order to determine how much coverage you need, do a complete inventory of your possessions. Having this inventory list will be helpful in the event that you need to file a claim. It’s important to note what isn’t covered as well. Policies won’t cover belongings if there is damage by floods, and you will need to purchase separate polices to cover these events. Ask an agent at GTW Insurance to explain what is covered and what is not.

Pay attention to the different coverage types and if it’s for full replacement or actual cash value. Actual cash value will take into account depreciation, so you won’t get as much money for your items, but your premiums are lower.

The second important thing to look for is proper liability coverage. This will protect you if you are sued because someone is injured on your rental property. Many times, people don’t get renters insurance because they think nothing like that will happen to them, but accidents do happen.

Contact GTW Insurance, serving NE Arkansas, for a quote on renters insurance.

Four common misconceptions about life insurance.

Often at times, people keep off from life insurance topics and discussions not knowing how important it is for their family’s well-being when they are gone. With the technicalities and rules revolving around it, it’s important to have proper knowledge which will give you more confidence to make the right decision before purchasing life insurance.

Below are four common misconceptions about life insurance that are mostly misunderstood making individuals stay away from purchasing this product.

1. I have enough insurance at my workplace

In as much as your employer may provide you with life insurance, there are many other factors to consider. Usually, the employer provides insurance equals to 1-2 times your annual salary which might not provide for your family expenses when you are gone.

2. My family won’t need much when I die and they can easily move on

Unless you have made certain provisions to have all the expenses, mortgage and other utilities paid monthly, it might be very difficult for your family to move on smoothly after you die. It is therefore important to have an income need of at least 70% of all your household income catered for before you die.

3. I’m too young and healthy to buy life insurance

Getting a life insurance cover earlier is of great advantage to take care of your future. This is because circumstances could possibly change. In addition, getting a life insurance while healthy and young enables you to to get lower premiums.

4. Life insurance is expensive

Lately, there are a number of options for finding affordable life insurance coverage. Before purchasing a life insurance cover, talking to an insurance agent who will give you various alternatives is important. Often, you can start with an affordable term policy or a combination of both term and permanent policies. There is also an option of being a policy rider which gives you the opportunity to buy coverage but at a future date.

Since every person’s situation is unique, always ensure to make informed decisions when it comes to life insurance. At NE Arkansas, GTW Insurance our insurance agents will be glad to assist with any queries regarding life insurance matters.

 

What Are The Risks If I Don’t Have Commercial Insurance?

If you an owner of a business, finding ways to cut down on costs is always very important. One way that some people try to cut down on the amount of money they spend each month is by cutting out their commercial insurance costs. While this might be able to save you a little bit of money, there are many different risks that are covered by commercial insurance. If you do not have commercial insurance in place, you are running a variety of different risks that you should be aware of.

Liability Risk

One of the biggest risks that you are taking on when you do not get commercial insurance is an increased liability risk. When you have a full commercial insurance policy in place, your liability insurance will be a major part of the policy. If you do not have this type of coverage in place, it could place a significant amount of risk on your company. If you are sued for liability, the loss and legal defense costs could cause a serious setback. 

State Violations

Another risk that you are taking on if you do not have commercial insurance is the risk of state violations. When you own a business in Arkansas, you may be required to carry workers compensation insurance. If you do not have this type of coverage in place, you could end up being penalized by the state. These penalties can include significant financial penalties and even the closing of your business. 

If you are a NE Arkansas business owner, having good commercial insurance in place is very important. Because of this, you should speak with the team at GTW Insurance today. When you speak with the team at GTW Insurance, you will be able to learn more about the benefits of having a good commercial insurance policy.

Does My Homeowners Insurance Policy Cover My Dog?

We can’t deny the fact that home insurance policy is essential. Your home insurance policy not only protects your investment but also protects you from potential financial if other people sustain injuries while visiting you. However, it is always good to have a detailed conversation with your GTW Insurance agent before choosing your insurance plan. This will ensure that you get the right policy plan that caters to your unique needs. So far, the biggest worry among homeowners in NE Arkansas is whether their standard homeowners’ insurance policy covers their dogs. Read on to find out.

Does Home Insurance Cover Dogs?

The first thing you need to understand is that there is a big difference between coverage for a dog and liability coverage for the acts of your dog. Typically, your standard home insurance policy will not cover your dog as a family. For instance, you can’t use your home insurance policy to treat your dog if it falls sick or if it is injured. In this case, you will need to purchase a pet insurance policy that will cover your dog’s health.

When it comes to liability coverage for property damage and bodily injury that your dog causes to other people, your standard home insurance policy may cover you depending on your dog’s breed. This coverage will also depend on the specifics of your home insurance policy, the company that insures you, and it will also depend on where you stay.

If your insurance agent asks you whether you own a dog at the time of applying for the insurance policy, it is always good to be honest. You need to keep in mind that any misrepresentations on your policy application may void the policy or result in denial of coverage in the event of an insurance claim.

Are you a homeowner in NE Arkansas? Contact GTW Insurance today for your home insurance policy.