At Maanen Insurance Group in Greeley, CO, it pains us to witness people falling victims to misinformation regarding commercial insurance. Several business insurance myths exist, and it’s easy to believe them, especially if you are a newbie. Luckily, we are here to debunk some of these common myths. 

Here are the common commercial insurance myths that you should be aware of when shopping for coverage. 

Myth#1: Your venture doesn’t need insurance — it’s too small

Some small business owners assume they don’t need insurance as they believe commercial insurance is meant for large businesses. If you are one of them, you are very wrong. Regardless of the size of your business, it would help if you had commercial insurance to protect you against unforeseen events that may unfold when you least expect them.

Myth#2: Insuring your home-based business isn’t necessary if you have home insurance 

If you think so, you are wrong. A home insurance policy doesn’t cover business-related risks. For instance, if a customer slips and breaks their leg while attending a business meeting, your home insurance won’t cover the emanating liability claims. Given the limited protection of your home insurance, you need commercial insurance to protect your home-based business optimally.

Myth#3: Your landlord insurance policy protects your business

Your business and its building are two different entities. Your landlord’s insurance policy protects the building and not your business. In case of theft, it’s you who will suffer and not the landlord. To that end, you should purchase commercial insurance to protect your business against various risks. 

Your business isn’t something to take for granted. It’s the reason you are financially stable as it works hard to serve you. To return the favor, it’s your mandate to ensure it’s always insured. 

Buy commercial insurance today!

At Maanen Insurance Group in Greeley, CO, we understand the importance of commercial insurance. That’s why it’s our passion to help you distinguish between myths and reality regarding your commercial insurance policy. If you need more clarity, don’t hesitate to contact us. 

Those that live in the Greeley, CO area will continue to benefit by owning a home. Along with purchasing a home, you need to ensure that you choose a proper insurance plan. One form of coverage that should always be considered is flood insurance. Having this protection can be beneficial for a few reasons. 

Protection for Property

A key reason that people in this area of Colorado will benefit from having flood insurance is that they can receive protection for their property. If you are a property owner, you will want to protect it as well as you can. If there is a concern about flood damage in your area, your base insurance plans may not offer much coverage for flood damage. With a full flood insurance plan, you are going to receive the flood risk protection that you need. 

Loan Compliance

You will also benefit from having flood insurance by staying in compliance with your loan agreements. Those that are going to buy a home in this part of Colorado will likely take out a mortgage to finance the purchase. If you have financed your home with a loan, the lender will likely run a flood search. If it determines that your home is in a flood zone, the lender will require that you have flood insurance at all times. 

Getting a proper flood insurance plan should be considered a necessity for anyone in the Greeley, CO area that has concerns about flood risk. As you are looking for an insurance plan here, calling Maanen Insurance Group can be a great option. If you do speak with the team at Maanen Insurance Group, you can learn a lot more about your insurance options and choose a flood insurance policy that is right for your situation. 

The Greeley, CO area can be a great place for someone that would like to start a business and be their own boss. When you are going to start a business in this area of Colorado, you will quickly find that there is a lot of opportunity for professional success. To ensure that your business is covered and protected as well as possible, you need to obtain a quality commercial insurance plan. You need to have this coverage for a few reasons.

Coverage is Required for Most Businesses

A reason that you will need to get a commercial insurance plan when you are in this area of Colorado is that it is required for most businesses. Those that are going to start a business will likely need to take out a loan to grow the company, lease office space, or even raise outside capital. In almost all of these scenarios, you will have contractual insurance obligations that need to be met.

Insurance Will Protect Company

You should always have commercial coverage for your business even if it is not required for you to have it. When you get a commercial coverage plan, it will give you coverage to protect your business assets and will offer great liability protection. In either of these situations, you will get the coverage you need to keep your business solvent during difficult times.

You should always look for ways to protect your Greeley, CO business. If you would like to do this with a commercial policy, it would be helpful for you to call Maanen Insurance Group. The team with the Maanen Insurance Group understands the value that comes with this coverage. They can give the help you need to build a policy ideal for your situation. 

The Greeley, CO area continues to be a great place for someone to start a small business. This area of the state has a great economy and tends to support small businesses. If you are going to start a company when you are here, getting insurance for it is important. There are many reasons why the typical business in this area of the state will need to have a commercial insurance plan. 

Stakeholders Require Coverage

A reason that many businesses in Colorado will have to get a commercial insurance plan is that it could be required by their stakeholders. If you would like to start a business, taking out a loan or raising capital from the outside is a great way to fuel growth. When you do this, your investors and lenders will want to ensure your company is properly protected. They normally will have commercial insurance requirements that need to be met at all times.

Coverage Can Help Protect Solvency

Another reason that you should get a commercial insurance plan is that it can help to protect the solvency of your organization. If you have started a company, you will want to protect its solvency the best that you can. With a commercial insurance plan, you can receive the coverage you need to repair or replace company assets or to mitigate insurance risk. 

Anyone that would like to start a business in the Greeley, CO area will need to get a commercial insurance plan. Those that would like to get this coverage when they are in Colorado should call the Maanen Insurance Group. The insurance team with the Maanen Insurance Group understands the value of this coverage. They can help you build a plan that will properly protect your company in the future. 

Homeowners in Greeley, CO need to purchase flood insurance to protect the financial investments they make in their properties. We can provide flood insurance to you at Maanen Insurance Group.

The following are three mistakes to avoid when you purchase flood insurance in Colorado.

Being unaware of your property’s flood risk

One of the most important things you need to do when you’re shopping for flood insurance is look up the flood zone and flood risk of your property. The flood risk in your area should give you an idea of what you should expect to pay for your flood insurance premiums.

The more at risk you are to experience flooding at your property, the higher your flood insurance premiums will be. 

Failing to explore FEMA subsidized options

If you’re in a high-risk flood zone, you might find that flood insurance coverage options are unaffordable. In certain high-risk areas, you might not even be able to get standard flood insurance. However, you may be able to get FEMA subsidized coverage if you are in a high-risk area. 

Do your research and find out about FEMA sponsored resources when you’re looking for coverage. 

Buying an inadequate amount of coverage

If you don’t invest in enough coverage, you could be financially devasted by a flood. Calculate the coverage amount you need carefully. Ideally, you want to have enough coverage to fully insure both your property and your possessions. 

Contact us today if you’re interested in exploring your flood insurance options in Greeley, CO. We’re here to offer you information about flood insurance in Colorado at Maanen Insurance Group. 

If you live in the Greeley, CO area and are going to purchase a home, it is important that you get the right type of insurance coverage in place. One important form of insurance coverage that people here often need is flood insurance. There are several situations when someone in this area of Colorado will need to get a flood insurance policy. 

When in a Flood Zone

One situation when you will need to have flood insurance is when your home is located in a flood zone. There are several areas around the state of Colorado that have a higher risk of flood. Those that are in a high-risk zone and take out a mortgage to buy the home will likely be required to carry flood insurance at all times. Many lenders will also require that you escrow for payments each month.

When Wanting More Coverage

You will also want to get a flood insurance policy when you want more coverage for your home. In many situations, flood damage will not be covered by your home policy. If you are concerned about the significance of flood damage, you will want to get an additional flood insurance policy that will provide protection if your home is damaged. 

If you are in the market for a new insurance policy in Greeley, CO, it would be a good idea to speak with someone that understands this unique type of coverage. The team at Maanen Insurance Group can help you understand if you need to get flood insurance and how it can protect you. Maanen Insurance Group can then help you build a policy that will offer the protection that you need to stay in compliance with all of your requirements and give you peace of mind. 

If you are a property owner in the Greeley, CO area you can enjoy a wide range of long-term benefits. For those that do own their own property here, it continues to be very important to get the right insurance in place. One form of insurance that should be considered if you live here is flood insurance. There are a variety of situations when someone here should get flood insurance for their home in Greeley.

When Required by Lender

One situation when you should get flood insurance is when it is required by your lender. Mortgage lenders are well aware of the value that is provided by a flood insurance policy. Due to this, they want to ensure that people who are at risk of flood damage will have the coverage and protection in place that they need. If you are located in a flood zone, there is a very good chance that your lender will require that you carry full insurance at all times. 

When Looking to Protect Home

Another reason that you should get flood insurance is that it can help to protect your home. Depending on if you have a mortgage or the type of mortgage that you have, getting flood insurance may not be a lender requirement. However, you should still obtain this coverage if you want to protect your property as well as possible.

Ultimately, getting flood insurance can be a great option for anyone that wants to protect their home against the potential damage that could come with a flood. If you are going to get this insurance here in the Greeley, CO area, you should contact the Maanen Insurance Group. At the Maanen Insurance Group, you can learn a lot more about your options when it comes to flood insurance. 

Disaster prep is an important aspect of growing a business. In addition to insuring your Greeley, CO business with commercial coverage from Maanen Insurance Group, there are measures you can take to prepare for a disaster. Advanced preparation could be the key to keeping your business going after a major disaster.

Create a Disaster Plan

Create a disaster plan that addresses such issues as a chain of command, employee responsibilities, business operations if your workplace is compromised, evacuation routes, communications, and more. Your plan should outline procedures for continuing after a disaster. Your employees should be familiar and comfortable with these procedures to avoid delays in implementation.

Develop a Plan for Communicating After a Crisis

Develop a plan for communicating with your employees and customers after a disaster. Make sure someone is in charge of checking on the health and safety of your employees. A team should also be in charge of communicating with customers to keep them informed on the status of your business. This could be done through emails, social media or press releases.

Back-Up Essential Business Data

Make sure you have copies of essential business documents stored in a safe, off-site location as well as in the cloud. This includes employee and customer data, payroll information, tax forms, insurance forms and other essential data.

Review Commercial Coverage

Review your commercial insurance policy often to ensure you have adequate coverage. As your business grows, you may need to adjust your coverage to keep up with the needs of your enterprise.  

Set Up a Disaster Fund

Set up a disaster fund to help cover payroll and urgent business expenses in case your business isn’t able to generate income for days or weeks following a disaster.

To purchase commercial insurance to protect your Greeley, CO business from disasters, contact Maanen Insurance Group.

Business owners in the Greeley, CO area have long relied on Maanen Insurance Group for their comprehensive commercial insurance needs. If you are a business owner and want to review your current policy, or if you are just getting started, we are here to help! Our team has the knowledge and experience necessary to help our clients protect their commercial interests. 

Benefits of a Comprehensive Commercial Policy

When you opt for a comprehensive commercial policy you are taking steps that will protect your business in the event of a covered event. A basic policy may help in some situations, but in most cases, they just don’t provide the coverage that businesses need. Property and equipment protection, liability, injury, and business interruption coverage are just a few of the ways that an appropriate policy can protect all of your hard work. 

Working with a dedicated business insurance team allows you to focus on your work. If you want to sleep easy knowing that your business has the protection it needs, it makes sense to sit down with a local agent and review your policy options. Choosing the correct coverage levels is also an important step in securing the most appropriate policy for your company. A robust commercial policy can protect you and your business and help you get back on your feet after a covered event.

Owning a business takes a lot of hard work and dedication, it only makes sense to have the necessary coverage in place to protect it! Find out more today and make sure your business is safe. Don’t wait until you’ve experienced a catastrophic event to review your policy. Call the team at Maanen Insurance Group today and let us help you protect your Greeley, CO business. 

One thing we know living in the Centennial State, Mother Nature can sometimes prove a temperamental parental unit, and you do not need to live in Colorado to understand the extensive damage that can be caused by flooding.  While flooding is not necessarily a regular factor for residents of Greeley CO, flooding does occur and many people, in the aftermath of such an occurrence, are shocked to find that their normal homeowner’s coverage does not cover flood damage.  If you are worried about the possible implications and costs of being uncovered for flood damage, we are standing by at Maanen Insurance Group to discuss your options.

Importance of Flood Insurance in Greeley, CO

When it comes to needing flood insurance, not everyone will necessarily find themselves in the same situation.  Specifically, flood insurance coverage is offered via a federal program known as the National Flood Insurance Program. 

The aim of this 50-year government program is, according to the Federal Emergency Management Administration (FEMA) website, “to reduce the impact of flooding on private and public structures by providing affordable insurance to homeowners, renters, and businesses.”  Additionally, the program works to encourage communities to adopt and enforce floodplain management regulations.

As a Greeley, CO area resident we’re standing by with information and flood insurance policies tailored to your specific circumstances and needs.  You never want to start thinking about insurance after a disaster, so contact our knowledgeable staff for the information you need to make an informed decision today.

Maanen Insurance Group for Your Flood Insurance Needs

We welcome you to contact our friendly staff to start discussing your flood insurance needs in Greeley, CO.  As mentioned, everyone’s situation is different when it comes to getting flood insurance, so come on in and we can tailor the flood insurance policy designed to meet your exacting requirements.