What to do After a Flood

Flooding is one of the most prevalent natural disasters. It can happen following a harrowing storm, a broken levee, or an overflowed river. If you ever have to experience a devastating flood in your home, there are a few things you should do afterward. The independent agents at Maanen Insurance Group can help you with flood insurance in Greeley, CO or the surrounding areas.

When Going Back Home

  • Make sure that it is safe to go back before you enter your home.

  • Check on your appliances and other electrical items. If they were flooded, you’d need to keep a safe distance and have a qualified electrician come out before you can use them again. If you use a water soaked appliance, you could be shocked or start a fire.

  • The electrical panel should be dry, if not you’ll need to leave it until an electrician can look at it and make sure it is in working order.

Inspect Your Home

  • Look for random debris, broken glass, or unsafe furniture. Have it removed to maintain safety.

  • Be cautious of standing water. Flood waters can contain pollutants or sewage. After you’ve spent days away from your home, you don’t want to come home and get sick. Contact a company that specializes in removing water from homes.

  • Throw any water-damaged items away.

  • Check the walls for visible mold or mildew. You’ll need to have it treated by a professional before moving back in.

Flood Insurance

In Greeley, CO, floods are generally not covered under your homeowner’s insurance policy. You’ll need to have flood insurance even if you don’t live in a floodplain. The experienced agents at Maanen Insurance Group can help you protect your home from a flood by assisting you with flood insurance coverage.

 

What is commercial insurance?

New business owners often hear of the importance of commercial insurance without getting an explanation as to what a policy covers. What exactly is commercial insurance, and why do business owners in Greeley, CO need such plans? Read on to get a quick overview. Talk to a representative from Maanen Insurance Group for further details.

What is commercial insurance?

In short, commercial insurance is assurance coverage for businesses that protect companies against losses related to theft, property damage, and instances of liability. The purpose of a commercial indemnity policy is to keep you in business in the unfortunate instance of the unexpected occurring.

What are the most common types of commercial insurance policies?

Business insurance is more complicated than some may think. There are several spheres in the industry and the various ways in which a policyholder can tailor a plan to fit their needs. The most common forms of commercial insurance are:

  • Property Insurance
  • Liability Insurance
  • Workers’ Compensation Insurance

About property insurance

A property assurance plan pays for losses incurred due to accidents that damage the structure in which you do business. Many policies pay for both real property as well as personal assets when things such as fire or flooding occur.

Some business owners in Greeley, CO operate under the false notion of property insurance covering natural disasters. Such instances of unexpected tragedy require additional coverage outside the standard plan.

Liability and workers’ compensation plans

Liability insurance and workers’ compensation assurance are not one and the same. You should not believe the myth that workers’ compensation, which pays for on-the-job injuries to employees, is not necessary so long as you have a liability insurance plan that covers injuries caused by you to a third party.

Liability assurance is best used in instances where a customer hurts himself due to your negligence. The policy will not work when the injured party is an employee.

It is against the law to have employees without workers’ compensation insurance. Contact Maanen Insurance Group today to learn more about commercial insurance and ensure that you are fully covered.

The Basics of Home Insurance

Buying a new home is an exciting time. Whether you have moved across town or to another city, a new home represents many new memories together as a family.  The first task, however, is to get the appropriate amount of home insurance. If you have a mortgage lender, they will stipulate the types and amounts of coverage that they require. This protects their investment in the property, but it also protects you as the homeowner. The agents at Maanen Insurance Group understands the needs of their clients in the Greeley, CO area. They can answer any questions that you may have and provide information on the policy options that are available to you. 

A basic home insurance policy will provide coverage in the event of damage from a fire or weather damage. It will also protect the contents of the home and your personal possessions. The policy will also provide liability protection should an individual be injured while on your property if you are deemed to have been negligent. It can cover their medical expenses and legal fees if they sue. These costs can potentially be exorbitant so being protected as a homeowner is important. 

There is a wide range of options available for homeowners, so it is essential to understand all of the terms. For instance, fair market value and replacement cost are two different options homeowners have. Regarding your personal costs, they present various advantages and disadvantages. Also, realize that flood damage is not covered by homeowners policies. If you are in an area that is at risk of flooding, you will need to consider additional flood insurance. The agents at Maanen Insurance Group in Greeley, CO can help you understand the coverage options that are available and what is best for you. Get the coverage you need today!

4 thing to look for in a commercial insurance policy

Your life as a business owner is no easy feat. There is the constant concern about revenue in relation to expenses, and then there is the notion of obtaining commercial insurance, which may feel like a challenge in itself. Maanen Insurance Group can help you find the right policy to fit your business’ needs. For now, check out these four components of an excellent commercial insurance plan. 

1. Open perils

Your business is growing by leaps and bounds. You do not want a commercial insurance policy that does not evolve with the company. An open perils statute covers risks that are not implicitly implied when you initiate coverage, which means that you are not left without financial stability simply because a risk is not explicitly stated in your policy documents as with a named perils agreement. The best business indemnity plan in Greeley, CO is one that is open. 

2. Coverage for lawsuits

It is only a matter of time before you are sued as a business owner. Regardless of whether or not you are at-fault, you want to make sure that your insurance policy pays for the cost of legal representation as well as ramifications in the instance of you losing the case. It may also be a good idea to select coverage that pays for libel so that you are fully protected against all instances of a legal dispute. 

3. Reimbursement for damaged or destroyed buildings

If you own the building out of which your company operates, then you certainly want to ensure that the structure is covered by your commercial insurance plan. Most insurance companies state how much they are willing to pay in the event of the building being severely damaged or destroyed. It is best to pay certain attention to the amount offered to rebuild since such projects typically cost more than the building is worth. 

4. Replacement value coverage

Some business owners in Greeley, CO may get excited at the notion of an actual cash value insurance plan. This policy, however, limits the indemnity company to only paying the current market price for items lost or destroyed. It is best that you invest in a replacement value coverage plan that pays for the cost of lost or destroyed items sans depreciation.

Maanen Insurance Group can help you find the commercial insurance policy that best satisfies your company’s needs. Call today for a quote in Colorado, Nebraska, Wyoming, Georgia, or Florida!

Where are the high-risk flood areas in Colorado

As a high-plains, mountainous state far above the sea level, Colorado doesn’t see significant flooding on a regular basis like Florida or Louisiana. But, flooding can happen, as we saw in 2013 when a cold front collided with Southern monsoon air, resulting in heavy rain and flooding taking place all the way from Colorado Springs up to Fort Collins in the North. Because Colorado is so far from the coast, and because flooding tends to result most frequently as a result of these sorts of conditions, it’s hard to pin down high-risk flood areas in Colorado. Although Colorado residents are generally at a lower risk than people in some states, there is a risk. The risk is not distributed evenly throughout the entire state, from Greeley, CO to Boulder, the risk is, while not insignificant, generally much lower in Colorado than in many states.

Of course, this doesn’t mean that flood insurance isn’t important if you want to cover your home in Greeley, CO. When you call Maanen Insurance Group, you’re looking to protect your home against what might happen, not what’s guaranteed to happen. With luck, you might never have to deal with flooding if you live in Colorado, but insurance is about being prepared.

Maanen Insurance Group can connect you with a policy that meets your needs and will protect you no matter what may happen to your home. While flooding isn’t the chief concern for Colorado homeowners in comparison to other risks, it is a risk, and being a homeowner means being prepared for anything that might happen no matter where you live.

Do you need Commercial Insurance for a Home-Based Business in Greeley CO?

Many professionals operate from home and have homeowner’s insurance. However, this doesn’t cover legal suits or negligence charges. Accountants, attorneys, and brokers working from home need commercial liability insurance. Contact your Maanen Insurance Group agent in Greeley, CO to find out whether you need commercial insurance for your home-based business.

When Does Your Home-Based Business Need Commercial Liability?

If you have a business you run from your home or are planning to start one, don’t assume your homeowner’s insurance policy will provide sufficient coverage. A commercial insurance policy can protect your business against liability claims, fraud, theft, vandalism, and employee injuries. Some of the coverage options included are:

  • Property and liability insurance
  • Workers’ compensation
  • Business auto and crime insurance

Liability Coverage for Home Businesses

If a disgruntled client or employee tries to sue you, you can protect your home and other valuable assets with business liability insurance. Homeowners and umbrella policies don’t cover incidents that take place in a home-based business. Instead, get business liability coverage to cover injuries and property damages that result from a business-related activity. This type of policy is a financial buffer that can help you replace lost property or a loss of income.

Examples

You can cover your businesses that involve personal services like music lessons, tutoring, consults for weddings, catering, and arts and crafts, among others. Photographers, accountants, lawyers, doctors and real estate agents that operate from their home could benefit from commercial liability insurance.

How Do I Qualify for Commercial Insurance for a Home Business?

Here are just some of the considerations for whether you need liability insurance specific to a home-based business.

  • Where do you do business and what’s the building’s primary use?
  • Do you own and operate the business?
  • How many employees do you have?
  • Does your business include home care services?
  • Do you display a business sign?

Call your Maanen Insurance Group agent in Greeley, CO to decipher the answers to these questions and to make an appointment for a free consultation and quote.

Home Insurance is a Lifesaver With Unexpected Water Problems

Both new homes and older structures share the same risk: a loose fitting or a broken pipe can quickly cause thousands of dollars of damage with leaking water. And the problem can be magnified if the leaking is on a second floor, dripping down through the floor onto the first-floor furniture and carpet. Most residential plumbing is designed to last for years, but if it is badly installed or the fittings have aged significantly, the results can be the same. And once water under pressure finds a leak, it doesn’t back off. The water will continue to flow and widen the hole until the source is shut off, usually well after the damage has occurred for a quite a period of time.

Water damage can be particularly bad because, like fire, it spreads and permanently ruins what ends up in direct contact with the moisture. Worse, water can also lead to mold damage, which can create greater problems both with staining as well as causing a toxic environment. No surprise then, cleanup has to be comprehensive and detailed, making sure all the damage is collected and repaired, not just what is immediately visible.

Because water damage can be a real risk in homes, homeowner’s insurance typically covers the risk. However, generic policies may not be enough, especially in areas that freeze during the winter which can be a major cause of pipes bursting into a home. The Maanen Insurance Group can help Greeley, CO residents find the right policy for their needs and ensure that coverage is complete. Homeowners don’t need to play a guessing game with their home’s protection; call the Maanen Insurance Group in Greeley, CO today and be comfortably protected in winter or summer, regardless of what might occur with plumbing in Colorado, Florida, Georgia, and surrounding areas.

Why You Need Additional Commercial Insurance

Commercial insurance isn’t usually a very popular conversation topic. It doesn’t help that most business owners don’t have a lot of extra time to sit down and go through their policy. So it’s no wonder that most small business owners don’t have the coverage they need to sustain their business should something go wrong. It is important to see why you likely fall into this category if you’re a business owner in Greeley, CO. 

Limits and Liability 

Your policy will set your coverage limits at a certain amount, after which, you’ll be responsible for additional charges. If you’re like many other business owners, you may have chosen either a lower level or a moderate plan because they fit your budget better. But the problem is that expenses tend to amount quickly when it comes to even a single insurance claim. If a customer claims that a slip and fall in your establishment led to chronic back pain for years, there’s a chance that you’ll need to cover their medical bills indefinitely. As you might imagine, this can force you to hit your limits rather quickly. The same goes for property damage. Between inventory and the physical structure of your property, it’s easier than you might think to surpass your limits. 

Contact Maanen Insurance Group 

Maanen Insurance Group is here to help business owners in Greeley, CO acquire the commercial insurance they need to keep their income alive in even the darkest of times. Too many business owners declare bankruptcy if they can’t cover their bills, and we don’t want to see that happen to you! To learn more about how our policies work, give us a call today. Our friendly staff is ready to answer your questions so you can feel confident and protected no matter what the future has in store for you! 

How Likely Is A Flood In Greeley, CO?

Greeley, CO is mountain country, and when you tell an outsider that flooding is still a concern at these high altitudes, their responses tend to range from surprised to skeptical. But Maanen Insurance Group will be the first to tell you that it’s more likely than you might think. Up in Colorado we may not have the same risk of sea-level flooding as a coastal town does, but when you’re surrounded by lakes and snowy mountain tops and towns situated in valleys, well, we get heavy rains here, too.

In fact, the colder climate in Colorado has contributed to notable floods in the past, such as the 2013 Colorado floods, which resulted directly from a clash between a stalled cold front with a warm monsoon air over Colorado. Weather can be kind of weird. To a layman, the obvious culprits for flooding are busted dams, tidal waves and hurricanes. Colorado has proven time and again that there are a lot more possible causes for a flood than you could count without a spreadsheet.

So the short answer to the question of "how likely is a flood in Greeley, CO?" is "You’d be surprised.

There’s no way to prevent a flood, of course, and only so much you can do to prepare for one. It’s a good idea to keep some canned food stocked up in your home and make sure you have a plan should you need to evacuate, but most of all, you should give Maanen Insurance Group a call and make sure your home is covered. Without a good policy, a flood can turn you from homeowner to renter in seconds flat.

A Successful Business Must Have Commercial Insurance

Every successful business has a story. How they started, where they are, and where they are headed. In all this planning, a disaster could bring everything to a standstill or damage the smooth progress. Maanen Insurance Group is dedicated to mitigating such unforeseen disasters. We understand the risks involved in running a business and want Greeley, CO investors to continue with stories for future generations to appreciate and learn. 

Commercial insurance is not only confined to protecting your business from natural catastrophes. It is also designed to safeguard your investment from specific risks such as employee malpractice. In Colorado, most business insurance policies are options while a few are mandatory. The primary types of commercial insurance coverage include general liability, employees’ compensation, and property. Most businesses in the state of Colorado have them in their insurance package.

General Liability

While running a business, injuries can occur unexpectedly on your premises. If this results in damages or injury to third parties, then insurance can take care of you. If the costs or injury was a result of negligence, then the general liability safeguards your business from lawsuits, fines, and other expenses.

Property Insurance

When fires and other disasters strike your business, it results in a substantial amount of losses to both the building structure and the items inside. This is where property insurance becomes vital. It protects your business building, inventory, and exterior landscape. Moreover, the coverage can also include breakage and theft.

Employees’ Compensation

In your business, you have employees who depend on wages. In case of injuries or sickness, the worker’s or employees’ compensation compensate them for the lost salaries. The coverage ensures that you don’t suffer losses from disaster since the Maanen Insurance Group compensates wages. 

There are many other commercial insurance options available. We take pride in serving Greeley, CO business community. Please contact us for more information. Our agents can provide you with a quote and answer your questions.