Month: June 2019

Breakdown: How Commercial Insurance Helps When Things Go Awry

Posted on by AgentInsure

Our local Laurel, MD businesses rely on a marriage of hardware and software to run efficiently. No matter how big or small your company is, chances are you’re dependent on machinery, technology, and communications to keep things going smoothly. But what happens when one of these crucial components stops working? This is a time when a solid commercial insurance policy from Mid Atlantic Insurance Financial can become your life saver in a sea of troubles.

Commercial Insurance for Hardware

Even though you may already have minimum coverage to insure your commercial property and vehicles, that may not be enough protection when your most important hardware breaks down. You may be asking "what exactly is hardware?" or "why do I need to insure it?". Simply put, "hardware" is any physical piece of equipment that you use in the daily running of your business. Hardware can include large machinery used for fabrication, smaller equipment or tools, or even physical components of computers and other office equipment such as printers or copy machines. It’s important to consider how much loss you might encounter should any of your vital hardware break or malfunction. Does your current commercial insurance policy cover repairs, replacements, or time lost?

Commercial Insurance for Software

In the digital age, most companies need a robust cyber presence for success. Unfortunately, the programs that run daily business needs can encounter complex threats that can severely hinder your productivity. Insuring your business software means you’ll be protected if your computer network falls victim to malware, viruses, or even data breaches that can interrupt or even stall your work completely. 

Located in Laurel, MD and having trouble determining the correct coverage of your business? Contact Mid Atlantic Insurance Financial today and let us provide you with certainty!

Does Life Insurance Cover Non-traditional Burial Costs?

Posted on by AgentInsure

Life insurance is something that we often forget to worry about until it is too late. For the most part, your life insurance policy is going to be used by your beneficiary to cover the end of life expenses and to settle any accounts that you leave. These policies can also cover other costs. For those that live in the Laurel, MD area, the agents with Mid Atlantic Insurance Financial can help you to find the right life insurance policy for you.

In most cases, your life insurance policy is going to cover whatever it is that your beneficiary decides to spend it on. Unless you buy specific burial insurance or insurance that is meant only to cover final expenses, your beneficiary can use the policy to pay whatever they want to pay. This means that if you want to be cremated and buried at sea if you want to be buried in a natural grave with no embalming, or if you want some other non-traditional burial, your beneficiary can use the funds from your life insurance policy to cover the cost of that burial.

Your beneficiary, unless there are specific stipulations put on your life insurance policy, is going to have the ultimate say in what the funds from your life insurance policy payout are used for. You can delegate what you want the funds to be spent on, you can prepay for end of life expenses, or you can put the trust in the hands of your beneficiary to do what you want to be done with your life insurance funds.

For those that live in the Laurel, MD area, the agents with Mid Atlantic Insurance Financial can help you find the life insurance policy that works best for you, for your beneficiary, and for the end outcome you want to see.