Commercial Insurance for Business Success

Business success is a celebration for all involved. Taking care of business priorities is smart for business owners and the leaders focused on profits for a company.  A business structure is a consideration for the owners and often conversations with professionals can make this an easier planning process.  Also, finding an experienced agency, such as Genesis Insurance, for commercial insurance is smart for the growth of a business. This could include plans for business success with commercial umbrella and personal asset protection for business owners.

An established relationship with the staff at Genesis Insurance can be helpful when discussing business general liability coverages.  Workers comp is smart to focus on for business owners and growth strategies can be worked out with the insurance agency. Planned growth is a smart way of managing expenses and optimizing the work arrangements for those managing the business. The numerous small and mid-size companies in Phoenix, AZ are able to see the many opportunities of locating a company in such a large city. Profitability with such a large market is another smart focus and insurance planning goes nicely with business successes. 

Commercial auto is important with vehicles for business-related activities. Business property insurance is understood as smart if leasing any office or warehouse space for products and storage. Covering products and services with talks of the best insurance coverages are smart topics when contacting Genesis Insurance. The agents are able to discuss the umbrella coverages and go through product protections for production, distribution, storage, and the selling process. Genesis Insurance is serving Phoenix, AZ and the experienced group is available to help align your commercial insurance with your business planning. Contact this insurance agency for more information or visit Genesis Insurance online to learn more about available insurance.

Surprising Things Auto Insurance Covers

Auto insurance can cover a number of different things, and there are some obvious benefits, but there are also some you probably didn’t think of in Phoenix, AZ. An agent at Genesis Insurance can help you with any questions about your policy.

  • Damage from Rodents: It may not be likely, but rodents, such as mice and squirrels, can do severe damage to the inner workings of a vehicle. They do this damage by building nests or chewing on electrical wires. Comprehensive coverage can pay for damage that is caused by animals.
  • Car Seats: Car seats are needed in order to protect your children properly and should be replaced after an accident. Insurance companies view car seats as part of your car, and they are covered under collision coverage.
  • Falling Objects: Comprehensive coverage will cover all falling objects, whether that’s a tree branch that comes down during a storm, construction materials falling, or rocks from an overpass.
  • Wildlife: Animals in the road can cause a lot of damage, and even hitting a small animal can trigger an accident. Comprehensive coverage will pay for repairs. It’s not just getting into a collision with a vehicle. For example, if a bear rips into your car to get food, you could be covered as well.
  • Potholes: If you hit a pothole at high speed and cause damage to your vehicle, your collision coverage can come in handy. Technically, you would be considered at fault for the accident, but repairs to your car will be covered.
  • Others’ Personal Property: Your personal property in your car, such as your laptop, isn’t covered under your car insurance, but someone else’s property is. If there is damage to someone’s property while in your car, the liability insurance will help pay for any costs.

Contact Genesis Insurance, serving Phoenix, AZ, to get a quote on auto insurance. 

Do I Need Flood Insurance If I Don’t Live in a Floodplain?

If you live in or near Phoenix, AZ, you may not be too concerned about a flood. There are areas, however, that do show a significant risk of flooding under certain circumstances. At Genesis Insurance, agents are always available to answer any questions you may have in terms of floodplains and whether or not it would benefit you to have a flood insurance policy in place to protect your home.

Floodplains

The fact is Phoenix, AZ has several areas where floodplains are designated. The different zones range in terms of percentages, but many of them have over a 5% risk of flooding, especially after torrential downpours. Even if you live in an area with less than 5% risk of flooding, getting insurance after the fact will do you no good. Your policy needs to be in place before a flood event if you want to be fully protected.

The Benefits of Having Flood Insurance

There are several benefits to having a flood insurance policy in place. First and foremost, you will have the peace of mind that your home is protected in the event of a flood event, no matter what its cause. A flood insurance policy ensures that you will have the resources to repair or rebuild your home if it is damaged due to flood waters or their after effects.

If you live in the Phoenix area or any of the surrounding communities, call the agents at Genesis Insurance today and schedule an appointment. You can review your existing policy and find out how close you are to local floodplains. Contact us today to get the answers to all of your questions.

Does Life Insurance Expire?

Life insurance is something that more people can benefit from than you might think. With a good life insurance policy, you can have peace of mind, a great policy to fall back on, and your family can stop worrying about paying for funeral expenses and end of life expenses should something happen. For those that live in the Phoenix, AZ area, the agents with Genesis Insurance can help you find the perfect insurance policy.

Life Insurance Expiration

A great thing to consider is the expiration of life insurance. For the most part, life insurance is not going to expire in the traditional sense unless you stop paying for it. In these cases, the policy will lapse, and you will need to take out new coverage and start payments again.

An example where you may consider the life insurance to be expiring in a sense is with term life insurance. Term life insurance is a policy type that you pay toward for a specific term. If you do not use the policy within the term, you may be able to get your premiums back for the time that you paid. This type of coverage is best if you do not want a policy that you will have to pay on for life or until it is used. A term policy is going to have the same benefits but may have lower premiums than other types of coverage.

In some cases, you can continue coverage even after you have reached the term of the policy. For those that live in Arizona or Texas, the agents with Genesis Insurance in Phoenix, AZ can help you find out what type of policy works best for you, what type of coverage you need once you get your policy in order, and how to find the right amount for you.  

10 Ways to Prepare Your Home for Winter

Winter weather presents myriad hazards for homeowners. Here are ten suggestions from the Department of Energy to prepare for the season.
Be sure to contact Genesis Insurance, serving Arizona and Texas, to make sure your homeowner’s insurance is up to date.

1. Inspect Roof
Before the first major storm of the season, it is a good idea to hire a professional roofer to inspect and repair your roof.

2. Ensure the Furnace is Functioning
Schedule your heating system for regular service and replace your air filter once a month or as needed.

3. Clean Out Gutters
Prevent damage from ice blockage by cleaning leaves and debris from gutters before the cold temperatures arrive.

4. Disconnect Outside Hoses
Another easy way to prevent unwanted ice backup is to disconnect and drain outside hoses.

5. Stock Up on Salt
Stock up now on rock salt to be ready to prevent injuries on your front steps and sidewalks.

6. Add Insulation
Conserve energy and save money by insulating exterior doors and windows.

7. Protect Water System
Insulate pipes in colder parts of your house to prevent freezing.

8. Invest in a Generator
Before the electricity goes out is the best time to pick up a generator to keep important appliances running in the event of power loss.

9. Get the Chimney Cleaned
If your home has a fireplace and chimney, get it cleaned out to save energy and for fire prevention.

10. Check Fire Extinguishers and Smoke Alarms
Before lighting the fireplace and turning up the heat for the furnace, verify that your fire extinguisher and smoke alarms are in good working order.

Now that you’re winter ready, be sure to contact Genesis Insurance, serving Arizona and Texas, to update your homeowner’s insurance for winter.

Sole Proprietor Advantages Using Commercial Insurance

Most small businesses in Arizona run by a single person are bootstrap operations when started. Insurance is often skipped for the business if the sole proprietor already has insurance coverage through personal policies. That can include renters’ and homeowners’ insurance, auto insurance, and even regular day job health insurance. But this assumption can be mistaken, especially when it gets discovered that the claim against one of these policies turns out to be related to a sole proprietor business. That’s because when the personal policies were created, the insurance providers assumed they were addressing the risks of a private individual, not a business owner. The policy language may bar or limit anything associated with a business risk. The same is even more likely if the sole proprietor gets sued by a business’ customer and damages are sought from the litigation.

Commercial insurance solves the above problem for a sole proprietor. It is specifically designed for a business, and the risk assumed is business-related right from the start. Typical risks covered can and usually do include injuries during the course of the business, losses to the business property, and even lawsuits against your business activity. It’s almost a given that a private homeowner’s insurance is not going to accept these kinds of claims in comparison. For sole proprietors in Arizona, Genesis Insurance can find an appropriate provider, depending on the business need. Our staff regularly works with small businesses of all types in the commercial insurance market. So, to choose a policy or learn more about how commercial insurance works, give Genesis Insurance a call.

Bad Driving Habits can Damage Your Car

Many drivers are guilty of bad driving habits that damage their vehicles. Most people, however, are unaware of these habits or the damage they can cause. Recognizing these habits can give you the incentive to stop. Here are some of the most common driving habits that cause vehicles harm.

Riding Brakes

Braking is an essential aspect of driving. Riding your brakes, however, is not. Riding brakes, especially when going downhill, will cause them to wear out quicker. Brake overuse can even cause brake discs to warp before their time, forcing you to have them replaced at your expense.

Accelerating /Braking Rapidly

Although there are times you have to stop suddenly, some people have a habit of accelerating rapidly and then braking rapidly to avoid hitting someone or running a light. Rapid accelerations will burn fuel more quickly, and sudden stops will wear out your brakes before their time. By paying more attention to your driving, you can learn to accelerate and brake smoothly so as not to harm your car.

Carrying Heavy Loads

Although modern vehicles have the capacity to carry heavier loads, you shouldn’t overdo it. The more weight your car carries, the greater the strain on its suspension, drivetrain, and brakes. If you don’t need to lug around extra stuff, don’t. Driving lightly will save you gas and protect your car.

Hitting Potholes/Speed Bumps at Rapid Speeds

Driving too quickly on unfamiliar roads in Phoenix, AZ can cause you to hit potholes at rapid speeds. The more potholes you hit, the greater your chances of damaging your tires or causing wheels to become unbalanced.  

Careful driving can improve the performance and condition of your car. In like manner, insurance protection from Genesis Insurance in Phoenix, AZ can safeguard you and your family on the road. To learn more about auto insurance options, contact Genesis Insurance.

 

Prepare Your Home for a Flood

Floods are considered one of the most dangerous and expensive natural disasters in the world. Flooding does not always occur in a designated floodplain. Although you may be at greater risk if you live near a levee or large body of water, flooding can happen anywhere. There are ways you can protect yourself and your home from flooding as a result of a severe rainstorm or an overflowing of water. The Genesis Insurance agency in Phoenix, AZ would like you to have all of the information to be able to protect your home from a flood.

Outside of the Home

  • Raise your home – Some homes can be elevated or raised on stilts to prevent flood waters from entering your home.

  • Coat the foundation – Certain types of waterproof sealants can be sprayed or painted onto the surface of your home which seals cracks. This can prevent water from seeping into any cracks in the foundation.

  • Buy sandbags – Sandbags can be purchased at your local home improvement store. Place the filled bags around the outside to keep water away.

Inside of Your Home

  • Use a safe – Place important documents, such as birth certificates, passports, and insurance policies, inside a waterproof safe.

  • Lift valuables off the floor – Move valuables and furniture to a higher level, if possible.

  • Turn off all electrical items – Electrical items, like televisions, game consoles, and cable boxes should be unplugged and moved to higher ground.

Obtain Flood Insurance

In Arizona, you’ll need to purchase a separate policy for floods. Homeowners policies usually do not cover floods. Most people will need to acquire coverage with the National Flood Insurance Program. The agents of Genesis Insurance in Phoenix, AZ are available to help answer any question you may have about flood insurance in your area.

Can You Add Your Parents to a Life Insurance Policy?

Life insurance is something that more people can benefit from than they currently do. Life insurance can help not only make life after your passing easier for family, but it can also be borrowed against and taken out in the event of a major accident. So who can you add to your policy? Your immediate family like spouses and children are obvious choices, but you can also add your parents. For those in the Phoenix, AZ area, the agents with Genesis Insurance can help.

You can add parents to your life insurance policy under certain circumstances. For instance, if you have a parent that lives with you, that is your dependent, and that can be counted on your taxes, you can add them to your life insurance policy. You must have a vested interest in their lives and their care to put them on a policy, however. You will not be able to add parents that are independently living and non-dependent on you because you do not hold power of attorney over them.

The role of life insurance is to help ease the burden of costs associated with the death of a loved one. As such, most life insurance policies are going to require that those that you are adding to your policy are directly related to you and that you are responsible for their expenses and, therefore, would be responsible for their expenses if they were to pass. When adding parents, you will need to prove that they live with you and that they are your dependent. For those in Phoenix AR, the agents with Genesis Insurance can help you create a perfect life insurance policy for you and your family.

3 Ways to Save Money on Home Insurance

Are you looking for ways to save money on home insurance in Arizona or Texas? You’ve certainly come to the right place. No matter how modest or lavish your home may be, purchasing a home insurance policy is most likely a highly recommended part of the process. 

Bundle Deals

One of the best ways to save on home insurance is by purchasing your home insurance, auto insurance, and other types of insurance from the same company. The vast majority of insurance companies offer very reasonable bundle deals that allow customers to save more, by purchasing multiple policies, which are often discounted and packaged together with one payment for all policies. 

Home Security

Moreover, in addition to the peace of mind resulting from purchasing a home security system, you can also save some money on your home insurance policy. Since home security systems help add an additional layer of security to your home, most home insurance companies will reward you with a discount for keeping your home safer. 

Stick with the Same Company

Although this isn’t always possible (or even advisable), sticking with the same insurance company may yield you some serious discounts over time. Unless you have major concerns about your company, try sticking it out for at least a few years to see if you receive any additional discounts for being a loyal customer. 

Overall, for residents of Arizona or Texas, Genesis Insurance is one of your most reliable options. Offering outstanding customer service and competitive prices, Genesis Insurance gladly serves an array of customers in Texas and Arizona. Call, email, or stop by the office today to find out how to start your policy and hopefully save a few bucks during the process.