You don’t have to wait for misfortune to benefit from your commercial liability policy. Here are several ways your commercial liability policy from The Shay Agency in Wilkes-Barre, PA helps your business right now.

• Your commercial liability insurance can help you find more business. For construction contractors and those who provide direct services to clients, an active commercial liability insurance policy can be an essential selling point. With these policies, your clients know that any damages they sustain from your services or products will be financially covered. Let potential customers know that you care about their property enough to carry extra protection.
• Are you looking for a small business loan? Your active commercial liability policy makes you a more attractive candidate for bank loans. If an accident occurs while your loan is still open, lenders know that they’re more likely to recoup their investment when you have adequate insurance coverage.
• Professional entertainers, writers, and others who frequently state their opinion in a public forum are at high-risk for lawsuits related to slanderous speech. Your active commercial liability policy protects you from the financial fallout of these cases. If you’re trying to convince a publication, station, or other outlets to carry your brand, this type of coverage could help convince them that you’re worth the risk.
• Freelancers and independent contractors often work together on more significant projects. This allows them to make more profits with less effort. However, you can’t always be sure of the other person’s abilities. With an active commercial liability policy, your interests are always protected, no matter who you work with. If an accident or loss occurs, your policy ensures that you’ll be able to afford any legal liabilities. It may also make you a more attractive partner for more experienced partners.

The Shay Agency in Wilkes-Barre, PA offers commercial liability insurance coverage for businesses of all industries, sizes, and purposes. Let us know how we can help you achieve your business goals with comprehensive insurance coverage.

Basic liability coverage is a must-have for any motorcycle rider and a requirement when riding in the Wilkes-Barre, PA area. Full coverage goes beyond what typical liability insurance coverage offers, giving you better protection against financial uncertainties while making it easier to replace your motorcycle after an accident. But is it worth adding extra coverage beyond liability insurance? You can count on The Shay Agency to help you find out.

What Full Coverage Gives You

Here’s a brief list of additional coverage options to choose from when considering full coverage:

• Comprehensive and collision – These options can help you replace your motorcycle if it’s damaged in an accident or stolen.
• Uninsured and underinsured motorist – This option covers you if you’re in an accident with someone who has inadequate insurance coverage or no coverage at all.
• Medical payments – This add-on covers your medical expenses regardless of whether you were found at fault or not.
• Custom parts – There’s even coverage for your motorcycle’s custom parts and equipment, especially for components that aren’t covered by comprehensive and collision insurance.

When to Purchase Full Coverage

Buying full coverage motorcycle insurance is a good idea if your motorcycle’s resale value is higher than what you could comfortably replace out-of-pocket. For a high-value classic or custom motorcycle, the increase in your insurance premiums is a small price to pay compared to the cost of replacing a total loss out of your own pocket.

If you have a cheap used motorcycle, on the other hand, the extra premiums may not justify the benefits you’ll get from a full coverage policy. In this case, you may end up saving money by paying for the repairs yourself.

It’s up to you to decide if full coverage motorcycle insurance is right for you. The experts at The Shay Agency can help you and others in the Wilkes-Barre, PA area select the right coverage.

Flood insurance is a separate policy, and it is not a part of what is offered on your homeowners’ coverage. Unfortunately, not everyone realizes that. They end up without the coverage they need when a flood takes place, and it is only after the problem occurs that they find out they are not covered. Even if you have a flood policy, though, it may not be giving you what you need. By working with The Shay Agency in Wilkes-Barre, PA, you can find out if you are properly covered, and get the guidance you need to find the right flood policy or make changes to the one you have.

A policy for flood insurance should be based on the risk you have in your location. Not everyone who has flood insurance is in a flood zone, but it can flood anywhere it can rain. What you need from a policy will generally be a little bit different if you are in a designated flood zone, so you want to make sure you are working with an agency and an agent who understands your needs and the location of the property you are getting insurance on. Flood zone maps and designations change periodically, as well, so it is a good idea to have your insurance policy reviewed at least once a year.

When you work with The Shay Agency in Wilkes-Barre PA, you will have the representation you need, along with a flood policy that offers you what you actually require for your location. You can feel safe in the knowledge that you will be protected in case of a flood, and you can also reduce your worry about whether your policy is the right one for you. Having the right agency on your side is a great feeling.

Life insurance provides death benefits, and some types of policies also have investment characteristics. Deciding what type of life insurance is a smart choice for your personal circumstances but can be challenging. Work with an agent at The Shay Agency, serving Wilkes-Barre, PA and the surrounding areas, to discuss the different types of life insurance available.

Here are a few things to consider that will help you make the right decision:

Coverage Term

Term life insurance with level premium payments is available for a specific number of years, which are 10 to 30 years in five-year increments. If the time needed for life insurance is predictable, the term life insurance is a good choice. However, after the term is over, life insurance premiums will be much higher. For life insurance needs longer than 30 years, it is better to get whole life (also known as “permanent”) insurance.

Death Benefit Choices

The amount of the death benefit needs to be decided. Term policies only offer payment of a level death benefit. Whole life policies offer the choice of a level death benefit plus the cash value, a decreasing death benefit that is reduced by the accumulated cash value in the coverage, and a decreasing death benefit to reduce premiums over time.

Policy Guarantees

Term policies, some universal life, and some whole life policies offer a guaranteed premium amount and guaranteed death benefit. In other types of policies, which are designed to be investment vehicles, the policy premiums and death benefit are based on the assumption that is made for the rate of return. Premiums may be larger, and death benefits may be smaller if the underlying investments of the policy have a lower rate of return.

Cash Value

Term policies do not accumulate any cash value. Permanent whole life and other insurance policies that have investment characteristics accumulate cash value over time. Some prefer to have term insurance that comes along with a conversion rider that allows the option to convert the policy to permanent life insurance at some point in the future.

Talk with your agent at The Shay Agency in Wilkes-Barre, PA about these issues and any others to get a complete understanding of the options available for life insurance in New York and Pennsylvania.

If you are thinking about setting up a salon, then there is a high chance that this will end up being the thing that pays the bills and supports your family. This means that you need to get the right commercial insurance from The Shay Agency to keep your investment secure.

Remember the fact that your beauty salon will act as a one-stop-shop for your customers’ every beauty need. However, you must realize the fact that things can go wrong at any time and you may find yourself in a disaster or accident no matter how professional you may be.

Your commercial insurance in Scranton or Wilkes-Barre, PA will protect your small business against that angry client whose eyebrows were waxed too thin or who experienced a severe allergic reaction to the hair dye that you used. Here are some of the top reasons why you should purchase a commercial insurance policy if you are starting a salon.

The Beauty Products that You Use May Be Recalled

To help you maximize profits, you will probably sell beauty products in your salon. To make your clients start using that particular product that you stock, you will have to demonstrate the product by using it on them during their routine appointments and tell them why you think that is a good brand.

 A few months or years later, the product that you have been recommending to your clients is recalled from the stores. How will your loyal clients feel? They’ll feel cheated and assume that you didn’t vet the product, but instead, you were just after the profit. 

Finally, some of your customers may decide to walk away, and your business will drop. This means that your enterprise will suffer significant financial losses as a result of the above scenario. Luckily, your commercial insurance from The Shay Agency may be reimbursed if the scenario is included in business interruption.

Your Salon May Suffer Damages Due to a Fire

The back room of your beauty salon where you store your essential oils, nail polishes, hair dye, and other highly flammable chemicals is considered a high-risk area. If precautionary measures aren’t taken, your store could easily end up in flames.

However, the business’s property damage coverage may cover such damages and ensure that you can still serve your clients afterward. Without a commercial insurance policy, could you manage the financial effects of such a disaster?

Do you run a beauty salon in Scranton or Wilkes-Barre, PA? Contact The Shay Agency today for a client-friendly commercial insurance policy.

You might ask yourself if you need flood insurance even if you live in an area that does not have a lot of flooding. The short answer is yes. You do need flood insurance. Flooding can happen anywhere. Damage created by a heavy rainstorm, hurricane, tornado, or other natural disasters are the first thing homeowners think about when considering flood insurance. But apartment renters and condo owners also need to realize that their property could be damaged too and flood insurance is a great safety net to have. Contact The Shay Agency in Wilkes-Barre, PA. Our independent insurance agents can get you started with the appropriate amount of insurance you need for your home, apartment, or condo.

What is a Flood?

According to FEMA, the Federal Emergency Management Agency, a flood is the most common natural disaster. Floods can happen as a result of heavy rains, melting snow, overflow from levees, new development, dam outages, hurricanes, and rising rivers. The advantage of flood insurance is that you can purchase it no matter where you live, even if you don’t live near a flood zone.

What is Flood Insurance?

Flood insurance is protection that covers you if a flood ruins property in your home, business, condo, or apartment. You can acquire one of two policy types. The first covers the building and its structure. This type is usually purchased by condo associations or apartment building owners, so this will help to reimburse them if their buildings receive any damage. On the other hand, inside the apartment or condo, your items will not be reimbursed unless you have protection with the second type of policy. This policy covers personal property.

The Shay Agency in Wilkes-Barre, PA has independent insurance agents to help you understand your need for flood insurance. You can also get further assistance with auto, life, and commercial insurance throughout Pennsylvania, Florida, New York, and New Jersey. Reach out to our agents to learn more.

The benefits of life insurance are always paid to the beneficiaries listed on the policy. They can be the insured’s family members, siblings, or charity organizations. As a result, conventional life insurance policies are settled after the death of the policyholder.

Contact the insurance provider and inform them of the death of the insured and your intention to file a claim. The contact information is always available on the insurer’s webpage or policy documents. One may call, email, or send a letter to the insurer.

Get the documents ready

Some documents are vital for a successful insurance claim. They are:

• Death certificate: It provides proof of the death the policyholder. You may need several copies if there are several insurance policies
• Certificate of insurance: This is a policy document that is provided at the time of purchasing insurance coverage. It should be kept among essential papers since it easily gets lost given that it is rarely used.
• Insurance claim form: Insurance companies have a life insurance claim form on their website. You can download or fill them online depending on the policy provider’s requirements. At The Shay Agency in Wilkes-Barre, PA, we insist on seeing the original documents at some point.

Once you have these documents, you can visit the policy provider to file the claim. Alternatively, you can send them to the post office or courier services. The processing of the claim may take one to two months, depending on the level of necessary verifications. The benefits are often settled in lump-sum.

In conclusion, taking on an insurance policy is a choice that safeguards the future of your family and other dependents. You can secure them today by purchasing a policy with The Shay Agency in Wilkes-Barre, PA. Other states where we offer service include Florida, New Jersey, and New York. Contact us today at (570) 704-0074 for more information.