How Will My Home-Based Business Benefit from Commercial Insurance?

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One fundamental rule of running a small business is to keep personal and business finances separate. However, some home-based business owners overlook this rule when it comes to insurance, mistakenly depending on their personal insurance to cover business assets and activities. If you reside in or near Flushing, MI, and require insurance for your home and business, consider our team at Vernon Agency.

Insurance Considerations for Home-Based Businesses

Almost every home-based business possesses office electronics, supplies, furniture, or inventory owned by the business. Some store tools, equipment, or inventory at home, and as the business grows, these assets increase in value, making their proper insurance crucial. It’s important to note that many home policies cover no more than $2,500 in business assets. Assets exceeding this value require the protection of a commercial insurance policy. Besides asset protection, many home-based businesses have other commercial insurance needs.

If your home-based business is a small side gig, a home policy rider may provide sufficient coverage by doubling your business asset coverage to $5,000. Businesses with more assets or needing professional, liability, or other commercial insurance protection should acquire commercial insurance to safeguard themselves and their business.

Simple in-home business insurance providing property, liability, and other insurance elements often suits companies with $250,000 or less in revenues. Businesses with over $250,000 in revenue frequently opt for a Business Owner’s Policy (BOP) that bundles multiple types of insurance. You can add Workers’ Compensation coverage to the BOP if you have employees.

Partnering with the Vernon Agency

The Vernon Agency team serves homeowners and businesses in and around Flushing, MI. Call us today at (810) 230-1375 to schedule an appointment to develop an insurance plan that meets all your needs.

What Documents Do I Need to File a Homeowner’s Insurance Claim?

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While you may have insurance for your home in Flushing, MI, you hope you’ll never need to use it. However, the reality is that most homeowners will need to file a claim at some point. The process of filing a claim can be straightforward, but overlooking a detail could potentially jeopardize your chances of receiving reimbursement. The agents at Vernon Agency are here to guide you through this process.

Guidelines for Filing Your Claim

When filing a claim, you will need to provide basic information, such as your name, address, contact details, and policy number. Additionally, you’ll need to provide the date and a description of the loss. Having a home inventory can be extremely helpful when filing a claim. If an injury occurs during the covered risk, you will also need to provide medical records. Although you typically have one year from the event date to file a claim, it’s best to do so as soon as possible.

If the damage to your home poses a threat to your safety, take steps to mitigate the damage immediately. Your insurance company may require you to complete specific forms that detail the loss. After you’ve done this, you can meet with an adjuster to review the incident and determine the cost of settling your claim. Before deciding on the claim, obtain several quotes from contractors to repair the damage.

What to Avoid When Filing a Homeowner’s Claim

When filing a claim, avoid speculating on the cause of the damage, admitting liability, or making unsupported statements about what caused damage to your property. Also, refrain from making threats or discussing litigation at this stage. When working with your insurance adjuster, please focus on the current claim and avoid discussing other claims; their job is to assess the damage.

If you need to file an insurance claim and are unsure of the process, Vernon Agency, serving Flushing, MI, is here to help. Contact our office today to discuss your homeowner’s policy.

Terms you need to understand before choosing health insurance

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At Vernon Agency in Flushing, MI, we aim to help our customers find the right health insurance for their needs and budgets. As an independent insurance agency, we can offer more choices than a captive agency. We work with several top providers to ensure we suggest policies that will work for you.

Understanding Health Insurance Networks

Every carrier has a network of medical professionals who have been contracted to provide services to the policyholders at a prearranged fee. This allows both the carrier and the providers to survive and is designed to provide affordable patient services. With some managed care insurance, you are required to choose a primary physician from their network. It is essential that you make sure your preferred providers are in the network to guarantee that you are covered.

Considering Health Insurance Deductibles

The deductible is the yearly amount you will need to pay before your health insurance starts to cover you. High deductibles offer the best rates, but you need to decide how much you can afford to pay before your coverage starts.

Understanding Health Insurance Copays

A copay is the amount you pay at the time of service. It is often different for each service.

Reviewing Health Insurance Formularies

The formulary lists the drugs covered by your carrier and policy. It is divided into tiers; the higher the tier, the higher the copay. If a generic drug is available, you will usually need to get it. However, not every drug is covered, so checking if you take prescription medication is important.

Our team at Vernon Agency in Flushing, MI, can help you choose the right health insurance. Call or stop by for a quote.

Choosing PIP Medical Coverage

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If you drive a car in the State of Michigan, you know that you’re required to carry auto insurance. Many car owners have questions about their auto insurance policies. If you live in the Flushing, MI area, our team at the Vernon Agency will take the time to answer your auto insurance questions. We’ve been working with clients in your area since 1960.

Choosing PIP Medical Coverage

If you get involved in an auto accident, there is a chance that someone riding in your car may become injured. According to Forbes, auto owners can select PIP medical coverage, which pays for medical expenses caused by a car accident. The PIP option will pay for those expenses whether or not you’re found to be at fault for the accident. The same policy option will pay for wages you can’t earn due to your injury.

According to the Michigan Department of Insurance, a new law requires insurance companies to provide information about PIP to their potential auto insurance clients. There are six potential insurance levels, and the level you choose will provide the highest dollar amount that your insurance company will pay because of the accident. Available levels range from $50,000 (for Medicaid clients) to $250,000. Clients who have Medicare A & B can opt out of including PIP coverage in their auto insurance policy.

Call Us Today for Your Appointment

You may have questions about the differences between comprehensive and collision coverage for your auto. Our agents at the Vernon Agency bring years of expertise to our discussions with clients. Clients in the Flushing, MI, area can feel confident when they purchase an auto insurance policy from our team. Call us for an appointment today, and let’s talk about auto insurance.

What Types of Commercial Insurance Products Should Independent Contractors Look Into?

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Being an independent contractor offers many benefits, such as flexibility and control over your work. However, it also means you’re solely responsible for protecting yourself and your business from potential risks. Without the safety net of employer-provided insurance, having the right coverage is crucial to protect you from financial setbacks. At Vernon Agency in Flushing, MI, we’re here to help you understand the commercial insurance options every independent contractor should consider.

General Liability Insurance

General liability insurance is often the foundation of any independent contractor’s coverage. It provides protection if you’re held responsible for third-party injuries or property damage caused during your work. If a client trips over equipment you brought to their property or you accidentally damage their premises, this policy ensures you’re not stuck paying out of pocket for legal or medical expenses.

Professional Liability Insurance

For contractors who provide specialized services or advice, professional liability insurance is a must. Also known as errors and omissions insurance, it protects you against claims of negligence, missed deadlines, or mistakes in your work. Whether you’re a consultant, freelance writer, or designer, this coverage can shield you from costly lawsuits if your client isn’t satisfied.

Commercial Property Insurance

Do you rely on tools, equipment, or technology to get your job done? Commercial property insurance protects these valuable assets from theft, fire, or other damage. Even if you work from a home office, this coverage ensures your business property is safeguarded.

Securing Your Future

Independent contractors need a safety net, too. Contact Vernon Agency in Flushing, MI today to learn more about commercial insurance products tailored to your unique needs. Let us help you protect your business and focus on what you do best.

The Role of Home Insurance in Protecting Your Backyard and Outdoor Spaces

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When most people think about home insurance, they picture their house—the roof, walls, and everything inside. But what about your backyard? Outdoor spaces like patios, fences, pools, and garden sheds are just as much a part of your home as your living room. At Vernon Agency in Flushing, MI, we want homeowners to know that a comprehensive home insurance policy often extends protection to these outdoor features, giving you peace of mind for your entire property.

Home Insurance: Coverage for Structures Beyond Your Home

Your backyard isn’t just a space for relaxation; it’s also an investment. Features like decks, patios, and fences can be costly to repair or replace if damaged by storms, falling trees, or other covered events. Fortunately, many home insurance policies include coverage for these structures under the "other structures" portion of your policy. This means that should disaster strike, you won’t have to shoulder the financial burden alone.

Protecting Your Pool and Sheds with Home Insurance

Pools and garden sheds are two backyard staples that can also be protected under your home insurance policy. If your pool is damaged by a covered peril or your shed is broken into and valuable tools are stolen, your policy may help cover those losses. However, reviewing your policy limits is important to ensure these features are adequately insured.

Secure Your Home Insurance with Vernon Agency

Your backyard is an extension of your home and deserves the same level of protection. By having the right home insurance policy, you can rest easy knowing your outdoor spaces are covered. If you live in Flushing, MI, Vernon Agency can help you find a home insurance policy tailored to protect your entire property—inside and out. Contact us today to learn more and get started.

Is Drug Rehab Covered by Health Insurance?

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Congratulations on taking the first step by admitting you have a problem. However, it’s not as easy as just saying no. You may have to check into a drug rehab facility. Don’t let a lack of funds keep you from getting the help you need! There is a good chance that your health insurance may cover your stay in rehab.

Plans and Benefits

The three most common healthcare plans are Health Maintenance Organization (HMO), Preferred Provider Organization (PPO), and Point of Sale (POS). An HMO will allow you to choose your primary care physician. This is best suited if you are not seeking a specialist or healthcare provider outside your network. A PPO will allow you to see healthcare providers without any referrals inside and outside your network. These tend to have higher deductibles than HMOs, but you would have the option to see a specialist outside your network without a referral. A POS is much like an HMO; only you may be able to occasionally see a care provider outside your network in specialized cases. Take care to go over the details with your insurer.

What Sort of Rehab is Covered by Insurance.

You’d be surprised by the broad range of rehabilitation covered by health insurance. Your health insurance may cover whether you’re inpatient or outpatient and need counseling or maintenance medication. In any case, it’s better than the alternative.

Contact Vernon Agency in Flushing, MI

If you are in the Flushing, MI, area and need health insurance, please contact Vernon Agency. Our discreet, courteous, and knowledgeable agents will do all they can to help you find the policy that best suits you and your unique needs.

What Flushing Drivers Should Know About Michigan’s No-Fault Insurance

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Driving in Flushing, MI means taking on all the legal responsibilities of operating a motor vehicle on local roads. Learn how Michigan’s no-fault insurance system affects Flushing drivers from the professionals at the Vernon Agency.

According to recent changes in state laws, Michigan drivers must carry a minimum level of insurance called “no-fault insurance.” This state-mandated insurance coverage consists of three key components that ensure all drivers are financially protected in an auto accident – regardless of who is at fault.

No-Fault Insurance Basics

The no-fault insurance system in Michigan is designed to protect all drivers on the road when accidents happen – regardless of who is at fault for an auto accident.

Component #1. Personal Injury Protection – PIP

The first component of Michigan’s no-fault insurance provides a financial layer of protection for drivers who have been injured in an accident. PIP insurance can help cover the costs of medical expenses, lost income, and even household services required due to an accident.

Component #2. – Property Protection (PPI)

Property protection insurance helps offset the cost to other people’s property in an auto accident. This protection is designed to shield drivers from the costs of repairing or replacing damaged property like fences and buildings. It does not cover the cost of repairing or replacing vehicles.

Component #3. – Residual Liability, Bodily Injury, and Property Damage

The third level of no-fault insurance in Michigan is designed to protect insured drivers from the high out-of-pocket costs that can arise from a head-on collision, side swipe, or other auto accident.

Learn how to get the right auto insurance coverage when you contact the Vernon Agency in Flushing, MI, today!

Does Your Company Need a Commercial Insurance Policy?

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Navigating Commercial Insurance for Your New Company

As someone starting a new company, you’re probably brimming with questions, especially about legalities and protection for your business growth. One crucial aspect to consider is getting a commercial insurance policy. Understanding whether your company requires this coverage or not can be tricky. However, if you are situated in the Flashing, MI area and need guidance regarding coverage options, Vernon Agency is here to provide definite answers.

Why Do Most Companies Need Commercial Insurance Policies?

A commercial policy is essential for most companies as it safeguards their premises and equipment. Additionally, it eases hardship in scenarios where an employee or a customer lodges a claim against your business. But remember, if you’re a solo entrepreneur working from home, you may not require an insurance policy. We recommend consulting an insurance agent to understand your specific rights and responsibilities.

Choosing the Right Coverage

Our devoted agents at Vernon Agency can furnish quotes from various insurers, enabling you to select the option that best accommodates your needs. There’s no justification for jeopardizing your new business when you can secure comprehensive protection suiting your workflow and the nature of your company. Collaborating with skilled professionals can set your company on the path to success.

Get in touch with us at Vernon Agency today if you’re in the Flushing, MI area and seeking a commercial insurance policy. We’re here to help you ascertain whether you need one and to choose the best policy for your unique situation. Let us be your trusted partner in safeguarding your business for the long term.

Should I Update My Home Insurance Due To Remodeling?

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Remodeling or renovating a home takes hard work and money, so it makes sense to protect yourself financially against damage or loss. Your home is subject to certain risks during the remodeling process, and since most remodeling projects increase a home’s value, you should discuss the planned changes with your insurance agent. It is best to have a conversation before the work begins. If you live in or near Flushing, MI, consider working with our Bachmann Insurance Agency team for all your insurance needs.

Remodeling and Renovating Increases Your Insurance Risk

Home insurance protects our property against damage and injuries that can occur to or on it, and homeowners must recognize that their risks increase during the home improvement process. Workers may be on site, materials and tools are stored on the property, and projects often involve changes to electrical, plumbing, and other systems that can cause damage if not completed correctly. The increased risks during the remodeling process are why many insurance policies require homeowners to notify their agents before a remodeling project.

Completed renovations commonly increase the home’s value by adding square footage, new cabinets or appliances, and many other upgrades. On the other hand, electrical and heating system upgrades can reduce the likelihood of certain damage, leading to reduced risk and lower insurance premiums. So, whatever your plans, speak with your agent before starting a project.

Protecting Your Home with the Bachmann Insurance Agency

Remodeling a home involves financial and emotional investment, so protecting your assets is critical. If you live in or near Flushing, MI, consider working with our Bachmann Insurance Agency team to obtain the needed home and other insurance protection. Please stop by the office or call us today at (810) 230-1375.