Author: agentinsure

How Often Do I Need to Upgrade My Commercial Insurance?

Posted on by agentinsure

If a person wants to ensure their business has the proper insurance coverage, it’s crucial they review it every year. While the process may be time-consuming for many business owners and make it tempting to renew their current policies automatically, it’s important to consider this carefully. If things have changed over the past year, there is the risk that the business will be underinsured or that they will wind up overpaying for the coverage needed. 

If you need help to determine if your commercial insurance is adequate in Chicago, IL, then NCIB Group Inc. can help. Additional information about renewing your coverage and when the time to do so can be answered by our agents.

Your Business Has Moved to a New Location 

If you move from your home office to commercial office space, expand into a new location, or open a new office, all this will trigger the need for changes in your business owner’s policy or your general liability insurance. In some situations, insurance rates may go down significantly – this is especially the case if your new location is smaller or if you have modern safety features – such as a wired alarm or a sprinkler system. 

More or Less Employees 

If the number of people you have employed has changed, it may require you to update your workers’ compensation coverage. In Chicago, it’s necessary for you to purchase insurance when your very first employee is hired. As people come or leave your employment, you should adjust your workers’ comp coverage to ensure everyone is covered and that you aren’t paying for insurance you don’t need. 

When it comes to commercial insurance, you can’t take chances. Instead, make sure your Chicago, IL company is protected with our help at NCIB Group Inc. 

 

Why No One Talks About Home Insurance Anymore

Posted on by agentinsure

There’s a common misconception about home insurance. Everyone knows they need it, but not everyone knows why. Knowing why you need it will allow you to make some very necessary customizations. NCIB Group Inc. in Chicago, IL is here to help you with the details.

Not All Policies are the Same

Many homeowners feel as though they can buy a policy and be protected. It’s not that simple. The policy you buy may not be what you actually need. Not all policies are the same. They can vary based on:

  • The insurance company
  • Where you live
  • The type of home you have
  • What’s inside

The last thing you want is a generic policy. You need to think about how often you entertain for liability purposes. You need to look at the value of what’s inside your home. By considering these details, you can make sure that coverage is added where it matters the most, even if it means adding riders to the policy.

Coverage Levels Matter

Although people aren’t talking about home insurance anymore, it doesn’t mean that it’s not important. You don’t want to get a generic policy that isn’t going to provide you with the personalization that you need. Coverage levels over your home and liability matter. Insufficient coverage levels can lead to insurance claims being denied or not fully funded – and that means you may have to pay considerably more out-of-pocket than what you might be able to afford.

There’s no reason why you can’t be the one talking about home insurance. It might not be the coolest topic, but it can help you when a problem arises.

Call NCIB Group Inc. or visit our office in Chicago, IL to discuss your home insurance needs today. We’re here to answer your questions and get you quotes to help you with the decision-making process.