Does my business need commercial insurance? This is one of the frequently asked questions from our Bourbonnais, IL clients. Unknown to them that accidents happen all the time, and they can happen to any small or big business. Without commercial insurance, you pay for damages caused by accidents out of pocket. The truth is some perils can bring a standstill to your business if the resulting injuries or damage are heavy.
Because businesses operate in a risky environment, George Ryan Jr. Insurance Group Inc emphasizes the need for commercial insurance for all companies. Let’s look at why your business needs commercial insurance.
- It’s required by law: Your state will likely require some aspects of commercial insurance. For instance, Illinois requires business owners to have workers’ compensation insurance to protect employees.
- It protects your employees: Workers’ compensation insurance comes in handy when employees suffer work-related illnesses or injuries. The benefits include medical care, missed work wages, or funeral benefits in case of death.
- It builds business credibility: Commercial insurance protects your business and sends a message to your investors and customers. Most customers want to associate with a company that manages their risks and provides proper protection in case of an accident.
- Gives you peace of mind: Commercial insurance offers you all the peace to focus on business development as a business owner. With coverage options like property insurance and business liability, you have peace of mind knowing your policy will cover you financially when the worst happens.
Commercial Insurance in Bourbonnais, IL
Commercial insurance is vital for running a business, regardless of the industry. It helps protect your hard-earned business, so you don’t get into a financial disaster if an accident occurs. If you are looking for commercial insurance in Bourbonnais, IL, and its surroundings, look no further than George Ryan Jr. Insurance Group Inc. Please contact us today for an affordable quote.
If you recently bought a house, you know there’s a lot to think about. One of the essential things to think about is homeowner’s insurance. With this type of insurance being so common across the country, it’s easy to see why there are so many misconceptions about it. At George Ryan Jr. Insurance Group Inc, we want you to know the ins and outs of homeowners insurance and the myths surrounding it.
Myth #1: Home insurance is too expensive
This is a common misconception about homeowner’s insurance. The cost of homeowner’s insurance will vary from one insurance company to another and from one policyholder to the next. However, it’s important to note that homeowner’s insurance is typically affordable and has the potential to save you a lot of money in the long run.
Myth #2: My home is too old/new to get home insurance
Home insurance is available for any home in Bourbonnais, IL. If you have an older home, contact us today for more information about homeowner’s insurance or special coverage you need.
Myth #3: Home insurance only covers the structure of my home
Home insurance covers much more than just the structure of your home. Depending on the policy you choose, you can get coverage for damage from a wide variety of causes, including:
- Wind or hail
- Fire or lightning
- Vandalism or malicious mischief
Myth #4: My homeowner’s insurance doesn’t cover my belongings
When you insure your home with a quality company, you can rest assured knowing that you are getting protection for what matters most to you and your family. Be sure to find out about all the policy features and discounts available that can help save you money.
Get More Information About Home Insurance In Bourbonnais, IL
George Ryan Jr. Insurance Group Inc would love to help you with any other questions you may have. Please feel free to call us to get an estimate. We have the experience you can count on to provide you with proper home insurance coverage.
George Ryan Jr. Insurance Group Inc, serving the greater Bourbonnais, IL area, can help Illinois residents get the auto insurance coverage they need. One of the biggest mistakes we have seen from people regarding auto insurance is purchasing minimum coverage and assuming it will meet their needs. Minimum coverage is the minimum amount of coverage you are required to carry in the state, but for most people, it is not enough. Read on to learn more.
What is Minimum Auto Insurance Coverage?
In Illinois, the minimum amount of auto insurance you must carry is $25,000/$50,000/$20,000. This policy provides a limit of $25,000 per person for bodily injury, up to a maximum of $50,000 per accident. It also covers up to $20,000 in damage to another person’s property.
Why Minimum Auto Coverage May Not Provide Enough Coverage For Most Drivers
Minimum auto coverage may not provide enough coverage for most drivers for several reasons. First, $20,000 in damage to another person’s property is fairly low. Trucks and SUVs can easily cost $40,000 to $50,000, and repairs to those pricer vehicles can exceed $20,000. If your insurance policy does not provide enough coverage, the other party can personally sue you, going after your assets. Additionally, minimum auto insurance does not provide any coverage to you in the event someone is underinsured or not insured.
If you currently have minimum auto insurance, the policy limits may not provide you with as much coverage as you need in the event of an accident. The team at George Ryan Jr. Insurance Group Inc, serving the greater Bourbonnais, IL area, can help you get the policy that provides the most coverage for your needs. Call us now to obtain an estimate for a new auto insurance policy.
After spending countless hours exploring in your own Bourbonnais, IL backyard or playing ball with your friends, it’s natural that you’d want to take those recreational activities outside your property’s confines. One way to do so is by purchasing an all-terrain vehicle (ATV). However, before you run out and buy the first ATV you see, read this article from George Ryan Jr. Insurance Group Inc so that you can make an informed decision.
What is your riding experience?
An in-depth understanding of what you’re getting into can help you choose a good ATV. If you’ve never ridden before, consider a lower power model. An average beginner’s power level is 400-500cc. It depends on your height and weight, so do your research and consult with your dealer.
Where do you plan to ride?
Riding an ATV can be a lot of fun, but certain areas require special gear. If you plan to ride in areas prone to flooding, you’ll want to get an ATV with a higher-quality rubber track that can handle heavy water. Similarly, a four-wheel drive is a must-have if you plan to ride in areas without graded trails. Some manufacturers offer certified and approved models for use on public ATV trails.
Who will ride the ATV?
An ATV is a motorized vehicle that can be shared between multiple people. For kids under 12, the size should not exceed 50-70cc. Those models aren’t meant for adults and can be damaged if ridden by one.
Taking the time to consider these factors will help you make a more informed decision. It’s important to remember that you’ll want to invest in recreational insurance too. Contact George Ryan Jr. Insurance Group Inc of Bourbonnais, IL today.
Motorcycles are relatively affordable, but they are also very risky to insure. If you have one in your garage, there’re steps you can take steps to ease the burden on your wallet. Consider investing in a quality motorcycle insurance policy.
Motorcycle insurance rates depend on various factors, including your age, the type of motorcycle you ride, your previous driving record, and the risk your insurer perceives from your profile. Do you live in Bourbonnais, IL? Get in touch with George Ryan Jr. Insurance Group Inc.
Saving on Motorcycle Insurance
Taking precautions to stay safe on the road, publishing your policy details, and working with an insurer that offers a discount for motorcycle safety classes are just a few ways to save on motorcycle insurance. Many insurers issue a discount if you buy a policy online instead of by phone. Some insurers offer a discount if you take a motorcycle safety class. Others offer a discount if you purchase a policy for a specific time. Ask your insurer about all of the options that may apply to you. Tips to save on motorcycle insurance:
- Join the club
- Infrequent rider discount
- Drop full coverage
- Choose the right bike
- Raise your deductible
- Ask about discounts
- Get additional coverage for extras
Also, consider any discounts available, such as a Good Driver Discount or a policy for Motorcycle Only use. Lastly, if you ever plan on letting someone else ride your motorcycle, like your spouse, make sure they have the correct insurance. Uninsured Motorists Insurance may be required in your state, but it is often not something people think about when letting a family member drive their car.
Motorcycles tend to be more expensive to insure than cars due to their smaller size and higher repair costs. Shop for the best rate, and consider going with a driver’s education course over traditional insurance. Find out if your motorcycle is eligible for discounts, such as anti-theft devices. Stay accident-free, maintain adequate liability coverage, and maintain your bike to keep your insurance rates low. For expert help, call Bourbonnais, IL firm, George Ryan Jr. Insurance Group Inc.
Flood insurance can seem confusing because it goes through the National Flood Insurance Program (NFIP). The Federal Emergency Management Agency (FEMA) determines if an area’s properties require flood insurance. The flood policy you purchase from George Ryan Jr. Insurance Group Inc to insure your Bourbonnais, IL home or business comes through our underwriter. It isn’t federal insurance, but it does go through a national program for approval. Let’s explore why.
For a few centuries, floods wreaked havoc across the United States, damaging rural areas, suburbs, cities, and unincorporated areas. Because urban planning can make no area completely impervious to flood since rains can inundate any location, floods continually cause widespread damage that the government and homeowners treat just like any other natural hazard.
In 1968, Congress passed The National Flood Insurance Act, which created NFIP. The legislation enumerated two goals:
- Reduce future flood damage,
- Protect property owners.
A follow-up law, passed in 1973, The Flood Insurance Protection Act, mandated the purchase of flood insurance for homeowners in high-risk flood zones if the homeowner borrowed from a federally insured financial institution. Today, when you take out a mortgage from a bank that the Federal Deposit Insurance Corporation (FDIC) insures, you must purchase flood insurance if your purchased property lies within a flood zone.
So, when you purchase flood insurance from George Ryan Jr. Insurance Group Inc, you still purchase from us. The insurance policy we provide meets requirements set by NFIP to ensure that your insurance will adequately cover flood damage. When your bank tells you that you must purchase and maintain a flood insurance policy to obtain your mortgage, it says that because FEMA conducted flood studies and determined that the property you bought floods. FEMA illustrates this on flood maps it creates for each locality in the US. The bank has to require this to comply with federal law and meet the burdens of keeping its insurance.
Contact George Ryan Jr. Insurance Group Inc serving Bourbonnais, IL to purchase your flood insurance policy. If you’re unsure if your property requires this type of insurance, we can help you look it up.
If you’re one of the millions of people who own a condo, it’s important to protect yourself with condo insurance. This type of insurance protects your investment and covers damage to the building and your personal belongings in case of fire, theft, or other disasters. Here are some basics about condo insurance that every owner should know.
One of the most important aspects of your condo insurance policy is dwelling coverage. This type of coverage protects your unit from damage caused by fire, smoke, wind, hail, and other disasters. It also covers repairs or replacement of any structural damage to the unit itself. Dwelling coverage typically includes:
- The interior walls, floors, and ceiling of your unit
- Built-in appliances such as ovens, dishwashers, and water heaters
- Window coverings such as blinds and curtains
However, it’s important to carefully go through your policy to see what isn’t included in dwelling coverage. For example, most policies will not cover damage caused by flooding or earthquakes.
Personal Property Coverage
Another important aspect of your condo insurance policy is personal property coverage. This type of coverage protects your belongings if they are damaged, lost, or stolen. It includes items such as furniture, clothing, electronics, and appliances.
Liability coverage is also an important part of your condo insurance policy. This type of coverage protects you if you are sued for damages or if someone is injured on your property. It can also help pay for legal expenses if you are sued.
Condo Insurance in Bourbonnais, IL
When choosing a condo insurance policy, it’s important to make sure you are covered for both the structure of your building and your personal belongings. Make sure to read through your policy carefully to understand what is and isn’t covered. And, if you have any questions, be sure to ask your insurance agent. Are you looking for condo insurance in Bourbonnais, IL? George Ryan Jr. Insurance Group Inc. can help. Give us a call today for a free quote.
If you rent out a property in Bourbonnais, IL, you should invest in landlord insurance from George Ryan Jr. Insurance Group Inc. to help you weather the storm when perils like theft, fire, and others strike. But since you may not be familiar with this coverage, we have taken time to answer frequently asked questions about landlord insurance. Let’s dive in.
What does landlord insurance cover?
If you have invested in landlord insurance, you definitely want to know what it covers. Here are the areas covered by landlord insurance:
- Property damage: Landlord insurance covers your properties from risks such as fire, vandalism, and certain natural disasters. Ideally, invest in landlord insurance that can replace your entire property when it’s totaled.
- Liability protection: Landlord insurance covers you when accused of bodily injury or property damage by other people, including tenants, trespassers, and visitors. This insurance coverage also protects you when sued.
- Loss of income: This coverage will protect you when your property remains uninhabitable due to a covered loss, such as a fire or storm.
Other coverages you can consider include natural disaster coverage, employee liability, and landlord’s contents insurance.
Must I have landlord insurance?
The law doesn’t require this coverage, but it’s a must-have investment if you manage or collect rent. Suppose a fire or storm strikes your building, costing you about $90,000 in repairs. Without landlord insurance, these costs will have to come from your pocket. Can your business afford it? And even if you have the savings, was the primary goal of saving to pay for damages? Invest in landlord insurance to protect your assets and savings.
Where can I get landlord insurance?
If you live in Bourbonnais, IL and its environs, you need to purchase insurance from an independent insurance agent. By partnering with George Ryan Jr. Insurance Group Inc., we will help you find comprehensive yet affordable landlord insurance.
Auto insurance will often be mandatory for numerous states, with Bourbonnais, IL not being any different. While the repercussions of driving without a policy could leave you with penalties or cost you your license, the benefits of coverage outweigh these consequences. Below, George Ryan Jr. Insurance Group Inc discusses what to expect when you purchase auto insurance.
As stated above, auto insurance is compulsory in numerous areas, with drivers expected to have the proper protection for their vehicles. Auto policies will cover you in the event of an accident, helping you take care of both financial and legal obligations when other parties get injured. This allows you to avoid any legal complications that could jeopardize your future driving needs.
Provides Comprehensive Coverage
While numerous insurances will cover you when you encounter general hazards such as fire or theft, auto policies allow you to get increased protection. This means that you get protection when your vehicle is damaged by uninsured drivers, collision accidents and vandalism incidences. With this, you get protection from multiple incidences, lowering any out-of-pocket expenses.
Covers Injury Costs
A single collision could leave you, your passengers or third parties with significant medical bills, an area that auto coverage can help with. Auto policies will compensate you for your treatment costs if you encounter such an incident. It also ensures that lost wages are covered when injuries lead to loss of work.
Pays For Damages
In addition to providing compensation for injuries, auto insurance will also pay for the costs of damaged property. Whether you need to pay for your vehicle replacement, third-party repair costs or building repairs, your cover ensures that these fees are taken care of. Your auto insurance will also protect your vehicle from devaluation, allowing you to get increased usage of your car.
Consider reaching out to George Ryan Jr. Insurance Group Inc today if you need an auto policy to keep you protected during your Bourbonnais, IL drives.
Though you may understand the importance of life insurance, you may not be ready to start a policy for your child. Since the risk of your child dying is low, you may be not sure that you want to start a policy for him or her.
Here are some reasons why you should.
It allows your child to get a life insurance policy later in life. Your child will be locked in for life when it comes to getting a better policy as he or she ages. In fact, your child won’t be stuck worrying about getting a pre-existing condition. Your child also won’t have to worry if they like to do dangerous things, like hiking mountains, which could make their premiums more expensive.
You may want to consider it an investment for your child. Once your child becomes an adult, he or she may continue their plan or use the money to help them with their future. They can put that money toward college or buying their first home.
If your child does die, a life insurance policy will help you during the grieving process. Parents who lose a child will have the money to help them during this time. They will be able to take time off of work and get their lives back together, without worrying about paying their bills.
Though you may not think that your child needs life insurance, it can give them a heads-up about getting a policy later in life. It can also be used as an investment if they want to use the money towards college.
If you want to learn more about life insurance, don’t hesitate to contact us at George Ryan Jr. Insurance Group Inc in Bourbonnais, IL.