Which coverages should small business owners in Harrisburg PA focus on?

Which coverages should small business owners in Harrisburg, PA, focus on?

Apart from the rigorous business registration process, starting a Harrisburg, PA business means critically focusing on insurance. Whether you are starting a small or midsized business, insurance can save you from unforeseen events like fire, theft, lawsuits, and natural disasters. However, insurance can be confusing, especially if you are not well-versed in the surplus amount of business laws in Pennsylvania. If you are unsure of which coverages to buy for your small business, here are a few coverages experts at Henderson Insurance Agency recommend.

General Liability Insurance

Whether your small business is home-based or not, you need to have adequate liability insurance equal to your business value to provide defense and damage reimbursement.

Workers’ Compensation

This policy is mandatory and applies to all business owners with employees. The policy compensates workers who may get injured while at work and provides income replacement and medical benefits in exchange for the right not to sue you. This coverage is nearly crucial if you have more than five employees or run a high-risk business.

Property Insurance

Property insurance can protect your business equipment like computers, machines, desks, and other inventory and the building. The policy covers your valuables from vandalism, fire, theft, and other accidents.

Business Owner’s Policy (BOP)

A business owner’s policy is a typical combo package that includes all required business coverages such as property insurance, liability coverage, business interruption insurance, and crime insurance. Your insurance company can alter the package based on your business needs.

Professional Liability Insurance

Also known as errors and omissions insurance, professional liability insurance protects your business from lawsuits due to errors or failure to deliver the correct professional services. Mistakes happen all the time, and it doesn’t matter the kind of business you run, but that doesn’t mean you should be sued for every mistake if you have professional liability insurance.

If you run a high-risk operation business, you might want to take more steps in securing it. You can speak to our insurance experts at Henderson Insurance Agency to ensure you have the correct levels of protection. For more information about commercial insurance, contact us today.

How Does Toy Insurance Protect My Investment?

Whether you own a snowmobile, ATV, or golf cart in Harrisburg PA, these vehicles are clearly different than the standard SUV or car in your garage. It’s why many owners don’t consider getting insurance for their ‘toys’, especially if they’re unlikely to take their things out in public. Henderson Insurance Agency wants you to know why this might hurt your investment though and how the right policy can be of service to you. 

Accidents Do Happen 

They can harm the vehicle itself, the people in it, or other property in the vicinity. The right policy doesn’t just help you cover your investment but also other potential damages. In this way, toy insurance can help you protect all of your investments as opposed to just the vehicle itself. 

What Kinds of Policies Are Available?

If you live in Harrisburg, PA, you’ll have a number of types of policies, including everything from comprehensive to liability. If you use your vehicle often, then it’s highly recommended that you get something comprehensive. The more you’re out and about, the more chances there are for an accident to happen with your toy. Collisions, flipping, or even major scratches and dings, you need to think about what’s most likely and what you’ll do in the situation. 

Henderson Insurance Agency works with toy owners of every variety. Some use their vehicles purely for fun while others might have different uses for it. For example, an owner might rent out their snowmobile to neighbors for a small fee. Whatever it is that you need, we’re here to help. Contact us today to learn more about how our toy insurance policies work and what you can do to keep them out of harm’s way. 

A Guide about Home Insurance

When it comes to obtaining home insurance in Pennsylvania, it is vital to get an overview or guide about home insurance. That way, you can make better decisions in choosing adequate home insurance coverage for you. 

It is not mandatory for you to have homeowner insurance in the state of Pennsylvania. However, most lenders and banks will require it for at least your mortgage amount. Other than that, it is important to get home insurance to protect your personal property and your home. With home insurance, you may also be protected against lawsuits from someone who gets injured on your property. 

What are the Types of Homeowners’ Policies Available? 

Homeowners’ insurance policies typically have various coverage packages that provide protection from loss resulting from perils. There are some policies for condominium owners, single-family homeowners, and renters.

Various homeowner policies are referred to as ‘forms’. A reliable and proven insurance agent, such as Henderson Insurance Agency, will help guide you on which form and coverage packages are right for you. The following includes the names of the forms along with a brief description of what  each usually covers: 

  • Form 2– this is called a Homeowners Broad Form that covers the dwelling, personal property, medical payments, personal liability, and other structures, such as a shed or detached garage or shed.

  • Form 3– this is called the Broad Form policy that covers perils that are named in the policy. Any perils not listed are not covered. In a Broad Form policy, the peril not named is not covered. There is also the Homeowners Special Form (Form 3) that covers damage to structures, your dwelling, personal liability, personal property, and medical payments, and this form is unlike the broad form policy due to how it list perils it will not cover. 

  • Form 4- homeowner’s insurance that the landlord has will not cover your belongings. Referred to as renter’s insurance, this coverage is called the Contents Broad Form that offers protection against theft or damage of your personal property. This coverage is also good by protecting you if someone becomes injured due to your property.

  • Form 5- called the Homeowners Comprehensive Form, this offers wider coverage than you would get from forms 2 and 3 especially when it comes to your personal property.  
  • Form 6- with your renter’s insurance policy, you can request and get a specific amount of coverage that you need for a small premium. The Unit-Owners’ Form (form 6) is for those who own a condominium. 
  • Form 8- this form is called the Modified Coverage Form which is available for those who have an older home in which the rebuild cost is much higher than its market value. With this coverage, policyholders will get similar coverage to the broad form, but it is less coverage.  

For more information about home insurance, Henderson Insurance Agency is the one to turn to. Located in Harrisburg, PA, Henderson Insurance Agency has been providing insurance services for Harrisburg, PA, and surrounding areas for over 30 years now. Contact them today!

Why Your Business Requires Commercial Insurance

All businesses are required by law to get some insurance coverage, for instance, workmen insurance covers to protect their employees against occupational hazards and unemployment. However, additional commercial insurance will provide you with peace of mind as it will offer protection against many other risks.

What Is Commercial Insurance?

It is a contract between a business (companies, partnerships, sole proprietorships, self-employed persons, etc) and an insurer to provide coverage against various risks commercial enterprises face.

Why Your Business Requires Commercial Insurance:

To Protect Its Automobiles

If your business has vehicles, you do not qualify for personal auto-insurance, but commercial auto insurance. This cover protects these vehicles from theft, break-ins, accidents, and other issues highlighted in the policy.

For Protection against Professional Liability

Professional liability is essential in industries where your business can be sued by clients due to damages arising from services rendered. It is compulsory for physicians in seven states and law firms in one state. You need to determine from your industry regulatory body whether it is a mandatory requirement.

For Protection against Losses Due To Damage or Theft of Business Property

In case a fire, flood, or break-in occurred at your business premises, the losses would be massive. Protect yourself and your inventory from these eventualities with a reliable commercial property cover from Henderson Insurance Agency.

For Protection against Wrongful Dismissal Suits

If your business has employees, you run the risk of being sued for damages due to unfair dismissal, harassment, discrimination, and other claims. These suits can have a serious impact on your business, so take a proactive step to protect yourself against them with an employment practice insurance cover.

If you are a business in Harrisburg, PA, Henderson Insurance Agency provides commercial auto-insurance and workers compensation, which are compulsory in Pennsylvania. Visit their website for more information.

Three things to know about filing home insurance claims

If you’ve never filed a home insurance claim before, you might not be familiar with exactly how the procedure works. At Henderson Insurance Agency, we offer home insurance in Harrisburg, PA. We’re here to help you understand home insurance policies and meet your coverage needs.

The following are three things to know about filing home insurance claims. 

You start the process by getting in touch with your home insurance company.

After an incident occurs that caused damage to your home, you need to let your home insurance provider know.

Most home insurance providers allow policyholders to submit claims via the telephone. This is likely to be the fastest and easiest way to get your claim started. Otherwise, you might prefer to submit your claim online. In any case, you’ll need to contact your insurance provider to let them know what happened and to get the claim process started. 

You’ll need to document the damage in numerous ways.

Documenting damage is important in any home insurance claim. Depending on the situation, you may need to file a police report. This is especially important if the damage was caused due to theft or vandalism.

You also may want to photograph the damage and save any news or documents describing the event that caused the damage. 

Your insurance company will send an adjuster out to your property.

After your home insurance company gets your claim, they’ll send an adjuster out to your property. The adjuster will assess the damage and determine what the costs of the damage are. 

If you need to purchase home insurance in Harrisburg, PA, let us know. At Henderson Insurance Agency, we’ll be happy to hear from you. We can provide you with the information you need to find the right policy for your unique situation. Contact us to learn more. 

Do You Have Enough Auto Insurance?

Pennsylvania drivers are required to have liability insurance. However, the state minimum coverage may not be enough to meet your needs. At Henderson Insurance Agency in Harrisburg, PA, we understand the importance of the right auto insurance coverage. 

Minimum Coverage

Liability coverage is a requirement in most states, including Pennsylvania. The state minimum requirements include $15,000 bodily liability coverage up to $30,000 per accident and a property damage liability limit of $5,000. 

When you look at the typical costs of an accident, a fatal injury averages out to $1.5 million. A disabling injury averages $80,000. However, these events are rare. Pennsylvania had 1,200 traffic fatalities in 2018. Most car crashes result in more minor injuries and property damage. The average cost of a non-disabling accident is $9,300. It’s important to note that average cost covers a wide range of actual costs, so the potential cost of a car crash is much greater than $9,300.

Opting for minimum coverage amounts results in cheaper premiums, but most accidents will go beyond minimum coverage limits. Consider choosing a higher coverage limit or even selecting the maximum coverage limit.

Comprehensive and Collision

If you have a significant investment in your vehicle, comprehensive and comprehensive coverage is also recommended. You’ll want to select a policy that covers the value of your vehicle. If you owe a loan on the vehicle, you should consider gap insurance as well. This is particularly important if you are upside down on your car loan, meaning you owe more than the vehicle is actually worth. In the event of an accident, collision coverage typically pays the current value of the vehicle. If your loan amount is higher than the value, you are required to pay the difference. Gap insurance covers the gap.

Uninsured and Underinsured Motorists

If an accident is the other party’s fault, your insurance company will expect the other party to cover the damage. What happens if they don’t have insurance or enough insurance to cover the damage? Uninsured and Underinsured motorists mean your insurance company will cover your claim if the other party doesn’t have insurance or has inadequate insurance.

At Henderson Insurance Agency in Harrisburg, PA, we know how important the right auto insurance is for your financial security and peace of mind. Our agents are happy to assist you in selecting the coverage options that meet your needs. 

6 Health Insurance Questions to Ask Your Agent

If you’re ready to get health insurance, or you have a policy and you aren’t sure if it’s right for your needs, working with an insurance agent can make things easier. If you’re in or near the Harrisburg, PA area, Henderson Insurance Agency is here to help. By understanding the kinds of things you need to ask your agent, you can get the support and guidance you’re looking for. Then you can take that knowledge and make an informed policy choice. With the right health coverage, you’ll have strong protection and good peace of mind. Here are six important questions to ask your agent.

1. Is the health coverage you already have the right policy for your needs and situation?

2. Is there a policy that would be a better fit for you as your situation changes?

3. If you don’t already have coverage, can you get covered at any time of year or is there an enrollment period?

4. How often should your health coverage be re-evaluated, make sure it’s the best option for you?

5. Can — and should — you bundle health coverage in with other insurance policies from the same company?

6. Who can you turn to if you have questions about your insurance coverage?

Are you ready to get the right insurance coverage that will meet your needs, from trusted agents you can rely on? Anyone in or around the Harrisburg, PA area can reach out to us at Henderson Insurance Agency today. We’ll help you get the coverage you’re looking for. Then you can focus on living your life and enjoying the journey, knowing that you’re covered with the right health insurance policy. Good insurance is an important part of feeling good about your safety and security, and we want to be the ones to work with you on finding that security in your life.

Getting life insurance at a young age

Many young people do not think about life insurance, but it is an important investment to protect your family and those around you. Henderson Insurance Agency is available to assist people with life insurance coverage in Harrisburg, PA.

Life insurance policies increase in cost with age, as the person who is covered is more likely to die as they get older. From the insurer’s perspective, advanced age is an added risk. From a cost-savings perspective, it certainly does make sense to invest in a policy at a young age. This is because the rates will generally not change as a person gets older. Their cost for the policy remains the same as they age once they are locked into a policy.

Younger people also tend to be in better health, and your policy will be easier to afford if you are young and in good health. If someone starts to develop health conditions as they get older, the price of a policy can go way up. This can also place family members in a worse situation when they get older and need more money for healthcare expenses as well.  

Lower costs will also help people keep their insurance if they experience financial hardship due to job loss or other problems. It makes sense to keep the policy active for the entire term as long as it is not a significant financial burden.  

Get help with choosing life insurance coverage that works for you

There are agents who serve Harrisburg, PA and surrounding areas with Henderson Insurance Agency. You can provide information to an agent and they will recommend the right policy based on your needs. 

Four key steps when you buy an umbrella insurance policy

Standard auto or home insurance policy typically doesn’t provide enough coverage to protect consumers from their risks and liabilities. Purchasing umbrella insurance in Harrisburg, PA is a good way to get extra coverage when accidents cost you more than your insurance policy maximums.

At Henderson Insurance Agency, umbrella insurance is one of the numerous products we offer. The following are four key steps to go through when you buy an umbrella insurance policy. 

Do your research

Umbrella insurance is an insurance product that needs to be used along with standard home and auto insurance. Research the details of your home and auto insurance policies. It’s important to be aware of what their maximum coverage limits are. Umbrella insurance will typically kick in when expenses amount to more than these maximum coverage limits. 

Contact an insurance agency representative

You should talk to an insurance agency representative about your umbrella insurance options with their company.

Ask questions about details that are unclear and ask about the representative’s recommendations for your situation. This will help you to pinpoint policies that best correspond with your needs. 

Get quotes on policies available to you

The next step is to get a few quotes on umbrella insurance policies. It’s best to get quotes from more than one umbrella insurance provider. Comparing quotes will help you find a policy that offers the best value. 

Purchase the policy of your choice

You’ll then need to analyze the costs and coverage features for each quote you get. Choose the policy that provides the most quality coverage for the least amount of money. 

Would you like to learn more about how to purchase umbrella insurance in Harrisburg, PA? Contact us at Henderson Insurance Agency to get more information on umbrella insurance. 

3 Types of Popular Toys Protected with Toy Insurance

In Harrisburg, PA and nearby areas, many of our clients have worked hard for their outdoor toys. The best way to protect these toys and are with toy insurance from Henderson Insurance Agency. Below are some popular toys our clients enjoy regularly. 

ATVs

A family favorite toy for many of our clients, they look forward to taking these all-terrain vehicles through mountain trails and off-road. They come in a variety of sizes and brands to choose from. Because they have the ability to be customized, they can become a significant investment that needs the protection of insurance.

UTVs

Like ATVs, the utility terrain vehicles are a larger version. They come with bigger motors and the ability to reach highway speeds. In some areas, they are even authorized for highway driving. They can be used for a fun off-road afternoon, and also used for work around farms and homesteads around the countryside. 

Jet Skis

Enjoying the local lakes and rivers during the warm months is done best with a pair of jet skis. They bring speed and a level of freedom that only jet skis can offer. These toys are cherished by those that own them. In order to protect the enjoyment and hobbies enjoyed with these toys on the open water, toy insurance is required. 

Protect Your Toy Collection Today

No matter what type of toys you have, it is essential to protect them in the event of a tragedy. Burglaries, accidental fires, or other unfortunate accidents can damage or destroy these toys that you have worked hard for. Toy insurance can protect the financial investment that you have made into any of these toys. If you live in or around the Harrisburg, PA area, contact our agents at Henderson Insurance Agency today for more information.