Do You Need Commercial Insurance If Your Business Is Located In Your Home?

If you have a home-based business, you probably have questions regarding the type of insurance coverage you need to adequately protect yourself from risk. If your home also serves as the location of your business, you should learn about the types of commercial coverage you need to have a blanket of protection.

Commercial Insurance For Your Home Based Business

If you work from home, there are generally two different types of commercial insurance you will need to purchase to have adequate coverage. The first is commercial liability coverage to protect you from harm to others and damage to your property. The second is commercial property coverage which protects your assets in your home-based business such as your structure. To determine which types you should purchase, as well as the level of coverage, you should consult an experienced insurance agent. 

Finding The Right Agency

Finding an agency that can meet your needs and deliver personalized customer service is a major step towards acquiring the commercial insurance coverage you need to protect your home-based business. If you are looking for coverage options and live near the Bailey, CO area, you can count on Centennial State Insurance Agency to provide you with the tools you need to protect your business and property. They can even help you file a claim during the life of your policy. 

Get the insurance products you need, complete with top-notch customer service from the agents at Centennial State Insurance Agency serving Bailey, CO and the surrounding areas. Call or stop by the office today to speak with an agent or to schedule a consultation regarding coverage for your business. 

Home Security Tips for When You Go on Vacation

Do you know how to keep your home secure when you leave for a vacation? There are a number of things you can do to protect your property, including various technological devices.

Keep Your Home Maintenance Schedules the Same

You should have the pool cleaning guy and landscaping crew visit for their regular appointments while you’re away. This will help prevent any thieves from easily finding out that you are out of the home for an extended period of time.

On the same note, have your newspapers, magazines, and any other mail that’s scheduled to arrive held at the post office. Alternatively, you can have a friend or family member pick up your mail so it’s not left sitting out for days.

Avoid Leaving a Key Outdoors

Do you normally keep a key under a potted plant or yard chair cushion? If so, you probably should give it to a designated person instead. Anyone who will need to enter your home while you’re gone, such as someone who is feeding your pet(s), should have a key anyway.

Keep Social Media Updates to a Minimum

Mainly, keep from mentioning on your social media that you’re away. Share the news with friends in private messages, and save your amazing photos for when you get back. Definitely make sure that your address is not listed anywhere on your profile if you do mention you’re leaving.

Use a Home Monitoring System

Though these tend to be on the pricey side, there are now more options on the market than ever before. This means you can find something more reasonably priced. Set up your system view live video remotely, or even just a reliable camera in the instance that something happens at your home and you will have the proof right there.

If you want information on how to insure your home, contact Centennial State Insurance Agency today. Serving the greater Bailey, CO area, Centennial State is sure to have options that fit your needs.

Safe Driving Tips for a Colorado Road Trip

With summer right around the corner, there’s no time like the present to prepare for your upcoming road trip. The following safe driving tips from Centennial State Insurance Agency in Bailey, CO can help you have a safer, more enjoyable journey.

Service Your Vehicle

Service your vehicle to make sure it’s safe for hitting the road. Ask your mechanic to give it a thorough inspection to include checking the tires, brakes, fluids, wipers, and lights. Get an oil change if needed and check your spare tire to ensure it’s in good shape.

Take Frequent Breaks

If you get tired while driving, take a break. Driving when drowsy increases your risk of accidents. Pull over and rest from time to time to stay alert or switch off on drivers if you’re traveling with companions who can help carry this load.

Map Out Your Trip 

Map out your journey so you can enjoy it to the full and avoid getting lost. Keep your GPS handy and have written directions as a backup to keep you on course. If you decide to deviate for food or pleasure, having a mapped out route will make it easier to get back on course when your detour is done.

Pack an Emergency Kit

Pack a car emergency kit to handle emergencies that may occur on the road. Your kit should have such basics as a cell phone with mobile charger, first aid supplies, drinking water, fire extinguisher, flares, tire sealant, jumper cables, flashlight and simple tools to work with for minor repairs.

Update Your Auto Insurance

Make sure your auto insurance is up to date to protect you on the road. Contact Centennial State Insurance Agency in Bailey, CO today for the auto insurance protection you need to enjoy your Colorado road trip to the full.  

3 Tips for Buying Home Insurance in Bailey, CO

If you own a home, you know what a significant investment this represents. As a result, you need to ensure you protect it. Regardless of the location or price tag on your home in Bailey, CO, using the services of Centennial State Insurance Agency can help make sure your home is protected. Keep reading to learn how to purchase this insurance and how to get an affordable price.

1. Compare Quotes

One of the first things you should do when it is time to purchase homeowner’s insurance is to compare quotes from various service providers. Take some time to “see what’s out there.” By doing this, you can compare offers line by line to find out which one offers the most value. Keep in mind, the insurance company with the most value isn’t always going to be the one with the lowest prices.

2. Bundle Policies

Do you have car or life insurance with an insurer already? If so, you should consider bundling your insurance with this company, too. In many cases, by bundling all your polices with the same provider, you can save a significant amount of money. An added benefit of doing this is the fact that it’s much easier to keep track of everything and ensure it is paid on time month after month.

3. Work with a Reputable Agent

Perhaps the most important thing you can do when buying home insurance is to find a reputable agent. This person will help ensure you get the coverage you need for a price you can afford. If you are ready to purchase homeowners insurance for your home in Bailey, CO, contact the team at Centennial State Insurance Agency to get started. We will help you get the policy you want at the right price.

 

How Many Life Insurance Policies Can You Have?

When you’re in Bailey, CO, it’s important to think about life insurance policies. You might have one policy from work and want to get another one personally. At some point, you have to wonder how many you’re allowed to have.

The quick answer is that there is no limit to the number of life insurance policies you can have. However, there can be a limit to the total benefit that you can obtain.

At Centennial State Insurance Agency, we can guide you through the life insurance buying process to determine if it makes sense for you to have multiple policies.

There are a few reasons why you might want additional policies. The first policy you have may not be enough. As such, you focus on getting another policy for additional coverage.

You may want to explore an advanced financial strategy where you stack term life insurance policies. It will allow you to pay lower premiums over time as you focus on paying off debts.

Then again, you may want to mitigate risks. If you worry that a life insurance company is going to go out of business, you may want the added layer of protection that comes with getting policies from multiple companies.

If there is no set reason for having multiple life insurance policies, it might be best to work with an insurance agent to decide what benefit amount will suit your family in the event of your death. Further, you can explore term, whole, and universal life insurance as viable options.

Ultimately, it’s all about having the right coverage in a life insurance policy. Whether you want one or ten, the options are out there. It’s a good idea to work with a professional insurance agent to ensure you’re making the right decisions so that you and your family are protected later on in life. Contact us at Centennial State Insurance Agency to help you with these decisions. 

What Is Uninsured Motorist Coverage?

When it comes to choosing an insurance policy in Bailey, CO, you’re undoubtedly faced with a number of potential plans. But because the coverage options are filled with all kinds of technical jargon, few people will read through their whole policy.

Many people choose based off of the price. Others choose based on the minimum requirement they’re supposed to have. (For example, a car owner with a lease or a loan will be required to have more car insurance than someone who owns their car outright.) Centennial State Insurance Agency wants you to understand more about how uninsured motorist coverage works — whether you’re required to have it or not. 

Uninsured Motorist Coverage 

Drivers on the road in Colorado are required to have some type of auto insurance. In the event they cause an accident, this insurance will cover property damage and bodily injury to the victims. But not everyone follows the rules on the road. Uninsured motorist coverage provides you with financial compensation in case someone without insurance causes an accident. (You are technically allowed to sue in a case like this, but it’s not always possible to recoup the money from the at-fault driver.)

Potential Perils

The people of Bailey, CO need to know what they’re signing up for. Shortcuts may be helpful when it comes to deciding between a dozen different policies, but they don’t allow drivers to dive into the nuances behind the clauses within the policy. Ultimately, this can lead people to make assumptions about their coverage that isn’t true.

If you want to learn more about uninsured motorist coverage, give Centennial State Insurance Agency a call today. We’re here to explain the differences between policies and give you more information about the smartest option you can choose for you and your vehicle. 

 

Why All Good Employers Have Commercial Insurance

Getting commercial insurance for your business can often seem like just another unnecessary business expense. If you value your employees, however, nothing could be further from the truth. The truth is that all good employers have commercial insurance for a variety of reasons. If you own a business in the Bailey, CO area, Centennial State Insurance Agency is here to help you get the commercial coverage you need. Here’s what you need to know:

Commercial Insurance Protects You and Your Business

A good commercial policy will keep you protected in a wide variety of scenarios, such as property damage from flood or fire, theft, liability lawsuits from clients, and employee injury. Because of this, there are different kinds of coverage you can have under your commercial policy, and we are happy to sit down with you to evaluate your specific needs. After all, you don’t want to be caught unguarded by an expensive and life-changing event. 

Commercial Insurance Reassures Employees

It can be downright dangerous to work for a business without a decent commercial insurance policy in place. Why? Because this means that things like employee injury (worker’s compensation) may not be covered should a person come into harm’s way at work, leaving them with devastating medical costs. Furthermore, it can also mean that the employees are unprotected if a client tries to sue them and the business, leaving them with legal expenses that aren’t rightfully theirs in the first place. Basically, good employees are more likely to stay longterm with an employer who is responsible enough to have commercial insurance. 

The insurance experts at Centennial State Insurance Agency in the Bailey, CO area have over 20 years of experience and are happy to discuss what you need (and don’t need) in a good commercial policy. When you’re ready, give us a call, shoot us a message, or drop by our offices to learn more. 

Practice Makes Perfect: How Often Should You Review Your Home Insurance Policy?

Is It Necessary to Review Your Home Insurance Policy Annually?

If you are like most people you do not have a clue as to the details of your home insurance coverage. In fact, most people do not take the time to familiarize themselves with the details of any of their insurance policy coverages. Typically, consumers wait until calamity strikes before they search for the policy. In other words, people wait until they need the coverage.

It is a great idea to review your insurance policy each time a renovation is in the works or a new pet or family member joins your household. Any major life event should include a review of your policy to make certain that the ramification of the item do not involve additional liability. Staying covered FULLY in any event is the best policy. 

A review is simply that – a review. It is important to have the initial view or reading as soon as possible. In the excitement of purchasing a home, it is easy to be preoccupied with the myriad of things that are going on all at once. Take the time to carefully read the policy so that you have an idea of what your protection is. You may want to add or subtract some items but should consult with Centennial State Insurance Agency in Bailey, CO first.

Don’t Stay in The Dark About What Coverage You Currently Have or Will Need

We are excited to help you with your questions regarding your home insurance policy. Please come in today to find our more about what your insurance options are. Centennial State Insurance Agency is located at 12 Rosalee Road, Bailey, CO 80421. If you prefer to contact us via telephone, our friendly and knowledgeable agents and staffers can be reached at 303-838-0554.

What are my auto insurance requirements?

Driving a car is a responsibility and necessity for many people. If you drive a vehicle in the state of Colorado, it is crucial that you understand what your insurance requirements are. Most people have a variety of different requirements that they need to take into consideration when they are choosing a new auto insurance policy.

State Requirements

Similar to other states, the state of Colorado will require that you carry minimum liability insurance at all times. To drive legally in the state of Colorado, you will need to carry $15,000 worth of property damage coverage at all times. You will also need to have bodily injury coverage of at least $50,000 per incident and $25,000 per person.

Lender Requirements

While the state of Colorado will only require that you carry the minimum level of liability insurance, there are still other types of insurance that you may be required to have. If you happen to have a loan or a lease on your vehicle, the finance company will undoubtedly require that you carry collision and comprehensive insurance as well. This type of insurance will provide you with far more types of insurance coverage including if your vehicle is stolen, damaged in a storm, or involved in an accident with an uninsured driver. Even if it is not required by your loan, it is often a good idea to have this type of insurance. 

When you are looking for a new auto insurance policy in the Bailey, CO area, you should speak with the team at Centennial State Insurance Agency. The Centennial State Insurance Agency will be able to help you figure out what type of coverage is right for your situation. We will then get you into a policy that provides you with reliable protection. Contact our offices in Bailey, CO for a quote.

Commercial Insurance: Why Choose a More Comprehensive Policy?

When you have a business, you know you need to protect it and your investment in it. But what is the best way to do that? One of the ways is to choose a commercial insurance policy because these policies reduce financial risk and liability if there is a claim made against the business you own. That claim could come from you, employees, customers, vendors, or someone else, but protection against claims matters. Fortunately, Centennial State Insurance Agency can help protect your Bailey, CO area business with the right commercial insurance policy, including one that is more comprehensive than you have now.

If you do not have a commercial policy, it may be time to get one. If you already have one, you may need to upgrade it to something that is more comprehensive in order to ensure that your business has the level of protection it really needs. There are several reasons you would want to have a more comprehensive policy, and these can include an expansion of your business, a high-risk type of business, and other factors that would make it more likely that a claim would be filed in, by, or against your company. By getting a more comprehensive policy, you will be covered more directly and have a higher level of peace of mind, as well.

Reach out to us at Centennial State Insurance Agency today, and get your Bailey, CO area business protected with the right level of commercial insurance. You might want to upgrade the policy you currently have, or you may want a new policy for a new business you are starting up. No matter where you are in the lifecycle of your company, having a more comprehensive policy can help protect you and your interests.