There are multiple policies in play when getting church insurance. What are they? Keep reading to find out.

The church is not exempt from unforeseen occurrences. Like any other establishment, churches have to be protected from situations that may risk the integrity of the building and the things in it.

Who needs it?

There are multiple policies covering different risks involved in church insurance. The church often picks a policy that’s matched to their specific risks. Church insurance is applicable to religious organizations including mosques, temples, and synagogues. This insurance is important to have because churches also need to protect their assets.

Some other spiritual institutions  that may need insurance are the following:

•       Traveling preachers – these are preachers who travel from one location to another. Their policy includes property transit.
•       Meditation and other related practices – these spiritual practices may need business insurance to protect their assets.
•       Home churches – these informal prayer groups are often part of the homeowner’s insurance. However, if it accepts donations and is connected to larger organizations, they will need church insurance.

Insurance options in Kentucky

Churches are places not only for worship but for almost all activities in the community. This includes prayer groups, daycare centers, preschool, and community meetings. It means that churches face greater risks when it comes to asset safety.

Some of the major risks that are covered in church insurance are as follows:

1. Theft and burglary – Churches are often victims of theft and burglary. These things result in financial loss and damages to church properties. Church insurance covers valuable items including religious artifacts and stained-glass windows.
2. Fires – Church fires cost $98 million in damages yearly. This cost doesn’t include the indirect damages caused by the fire like the supposed income-generating activities, rental space for meetings, and the outreach programs for the community. Usually, church fires are caused by faulty wiring, arson, and candles. With insurance coverage, the fire damages and other liabilities may be covered.
3. Sexual misconduct liability – Churches are not exempted from sexual misconduct. Insurance protects the church from legal liabilities coming from acts of sexual misconduct by a member of the staff or volunteers.
4. Employee benefits liability – This policy provides coverage for errors or omissions arising out of the administration of employee benefits programs.
5. Hired and non-owned auto liability – This coverage includes liability and medical coverage for the church in case of legal liability issues from non-owned/hired auto.

 

Insurance services here in London Insurance

Here at London Insurance Agency, we want to make sure that your religious organization is properly protected. We are partners with some of the best companies to give you the insurance help that you need. Give our agents a call to inquire about church insurance now.

We have two offices that you can visit. We’re at 309 North Broad Street and at 100 North Kentucky Avenue, Corbin. Feel free to swing by!

 

Home is indeed where the heart is, but not all homes are insured the same.

A home may be a townhouse, a condo unit, a bungalow, or a detached single-family home. In other cases, home means a manufactured/mobile home. These are more affordable and many people can call one their own. 

Kentucky Mobile/Manufactured Home Statistics: 

• An estimated 560,000 residents live in mobile/manufactured homes
• 36% of mobile homeowners are 60+ years of age 
• The state produces over 2,400 mobile homes per year
• Mobile homes take up 13.9% of all housing units

The numbers tell you just how many people are opting to get manufactured/mobile homes rather than a structured one. But mobile or not, this is still an investment and you need the same protection that homeowners have. You need mobile home insurance to make sure that you are protected when risks associated with mobile homes arise.

What is manufactured or mobile home insurance? 

Mobile home insurance is a specific kind of homeowner’s policy designed for mobile homes. Some companies refer to mobile homes as manufactured homes. A builder often makes the mobile home in a factory using light material compared to the traditional home. When the building process is done, the mobile home is placed on a permanent foundation. 

Since the materials used are light, mobile homes are susceptible to strong winds and other damages. The usual homeowners’ policy isn’t enough to address all the unique needs of mobile homes. 

What is covered in mobile home insurance?

The mobile home insurance is similar to a homeowners policy but with different inclusions and exclusions. The following are the basic inclusions in mobile home coverage. 

• Property damage

This coverage pays for damages to your home minus the deductible due to a covered loss.

Flooding isn’t included in this coverage so you might want to get separate insurance for that

especially if you live near a flood zone. 

• Personal property

This is helpful in case of theft or damage to your personal belongings. Itemize your valuables

and insure them at replacement value. Ask one of our agents to help you schedule and ensure

your items. 

• Liability coverage

This is when someone sues you for damages and incidents on your property that you’re

responsible for. Liability coverage helps you pay the legal fees. 

• Medical payments

If you get injured on your property, medical payments will pay for your medical bills. However, it doesn’t include serious accidents. You can talk to your agent and ask about the limitations of this coverage. 

 

Call us now! 

London Insurance Agency has partnered with some of the best companies for your online quotes. You can talk to our agents who will answer all your questions regarding your mobile home insurance.  We want to provide you with the insurance that you need at the lowest price possible without compromising the quality of service we give. 

Our staff are knowledgeable and packed with experience to help you get the best insurance coverage for your mobile home. 

Is general liability insurance right for your business?

Protect your business at all costs with general liability insurance.

General liability insurance is also known as business liability insurance. This is a general policy that protects your business from general claims including damage to property and injuries. It’s a coverage that protects your business from unexpected expenses. So, do you need it? Quite frankly, yes! 

Businesses are protected by statutory limited liability, but that’s not enough and that’s not absolute, especially for smaller businesses. Smaller businesses have a more difficult time when they are sued. In order to protect your business and personal assets, you’ll want general liability insurance. 

Types of claims covered by general liability insurance 

Third-party claims are covered by general liability insurance. The following are the types of claims covered: 

• Property damage – An example of this is when you are trying to repair your store and you accidentally damaged the property of the store next door. General liability insurance covers the repair cost. 
• Bodily injury – this type of claim can get very expensive due to medical bills and other related healthcare costs. Sample cases would be a customer falling down the stairs and breaking a leg. Bodily injury claims like this are covered by general liability insurance.  
• Personal and advertising injury – this type is related to how you advertise your business. If a competition claims that you are using similar advertising design materials that you are using and they want to make an advertising claim, you can use general liability insurance to cover the cost. 

General liability insurance is your business’ first line of defense against third party claims. However, it does not include employee benefits liability, workers’ compensation, or employment practices liability. Those coverages are separate and must be added or purchased. 

Do I really need it? 

If you want to make sure you’re ready when an unforeseen problem arises, then getting this coverage for your business is a great idea. It is best for new businesses that are using third-party locations, businesses using clients’ equipment, businesses that visit clients’ homes or offices. There may also be times when your clients will require for your business to have this type of coverage before they’ll do business with you. 

London Insurance Agency offers various types of business insurance that can protect you and your business at all cost. We could also make tailored plans that are specific to your needs. 

Protect yourself, your business, and your employees by getting workers’ compensation insurance.

Starting a business is a difficult ordeal. It’s not just the investment, it’s more than that. One has to have courage, ample calculation, and the right insurance coverage.

The first thing that an entrepreneur must do upon opening the business is to protect the company and the people working for it. It’s so important, in fact, that state governments require owners to process this information the moment they start hiring employers.

What is workers’ compensation insurance?

Workers’ compensation insurance is for employees who are injured or have gotten sick due to their job. This insurance can pay for the worker’s medical expenses and their rehabilitation costs. The employee/s can also be paid if they miss work because of the injury. In some cases, death benefits are also given if the employee is killed in a job-related duties.

Benefits of Workers’ compensation insurance

As the business owner

No matter how safe your working environment may be, there are always risks present. Data from the US Bureau of Labor Statistics shows that employees miss at least eight days of work a year due to work-related injuries. In 2016 alone, private businesses experienced almost 900,000 occupational injuries and illnesses, and the number is growing.

Business owners are responsible if their employees are injured at work. Without the proper coverage, these medical bills might end up eating your investment slowly. You don’t want to push your personal money to the limit to pay for medical treatments.

As an employer

Employers of the injured workers are responsible to provide the appropriate forms and information in the claiming process, but it’s the employee who should be filing to the employer’s insurance company. Once the provider approves the claim, the employee can receive the workers’ compensation insurance benefits. This could include the medical expenses, rehabilitation costs, and two-thirds of their wages while they are unable to do their work.

If the employee wants to return to work, he/she may work on a reduced schedule depending on the physician’s recommendation.

Here at London Insurance Agency, we make sure that you get the best out of your compensation insurance. We also want to protect you and your business. This policy will reduce injuries and losses, medical and disability costs, and reduce the premium cost. We can customize the program depending on the type of business and the number of employees you have.

Should I get life insurance? Let’s consider the why.

It’s almost taboo to talk about getting life insurance while you’re still living. It defeats the purpose of really living life to the fullest when you’re already putting half your money into your grave. But why is there such a wrong connotation about life insurance? What is it really?

Life Insurance Defined

In simplest terms, this coverage helps your family get financial stability by paying a lump sum to your beneficiaries when you pass away. This is your safety net to ensure that your family won’t have to drastically change their lifestyle to accommodate the bills to pay now that you’re no longer there to provide. When you have the right policy, it can cover your debts such as credit cards, mortgage, and education.

Benefits of Life Insurance

There are several reasons why getting one is a good decision and a good investment but the first one is to protect the family you’re leaving behind from debt and other expenses. Grieving and figuring out how to go from here on out is difficult.

According to statistics done by LIMRA, 85% of people getting a life coverage is for burial and other final expenses, 67% for helping replace lost wages, 63% have it to transfer wealth or to leave an inheritance. The list can go on, but the bottom line, life insurance is for your family’s sake and not for your personal gain.

Is your family protected in case something happens?

 

Types of Life Insurance

There are four styles of coverage to categorise insurance policies – there’s the term life, critical illness, funeral, and disability.

•        Life Insurance – it’s the most basic form of life insurance that covers you in the event of death. This policy will help your family ease any financial burden by paying a lump sum to your bereaved family beneficiaries. This can include unpaid dent, education, and mortgage.
•        Critical illness insurance – This policy was conceptualized by Dr Marius Barnard, a South African physician while he was operating on his first heart transplant. While he can save a patient’s life, he can’t save their families financially.

This insurance doesn’t have to wait for a person to die before it pays benefits, it provides payout while you are still alive. A lump sum is given if one suffers from a life-threatening disease like cancer or heart failure.

•        Disability – This coverage is a consistent income paid monthly to policy owners. The payment could be up to 755 of your gross monthly income, this amount can differ depending on your provider. This insurance covers you in case of disability or inability to work due to illness or injury.

A rehabilitation program can pay up to 50% of your gross monthly income if you are eligible. It includes resources and training so that you can go back to work faster. Your approved rehabilitation program will be covered along with vocational training, special equipment, and even workplace modification for a better work transition.

•        Funeral – The last type is the funeral coverage for people who are 50 years old and above who want to cover their burial expenses instead of letting the family take on the financial burden. This usually costs around $5,000 – $15,000 making it the most affordable type.

There are many reasons why you should get one but if you’re still at a loss and you need time to think about it, you can talk to one of our agents at London Insurance Agency. We are professionals in the field and connected to multiple agencies. You can ask us every question you have in mind; we’ll show up ready to answer your queries. Your needs come first.

If you are ready, you can ask us directly for a quote.