Month: October 2019

What Maryland Business Owners Need to Know about Comprehensive Commercial Insurance

Posted on by AgentInsure

Business owners in the greater Laurel, MD area rely on the team at Mid Atlantic Insurance Financial for their insurance needs. There are a lot of factors that go into choosing the right commercial insurance policy, and they appreciate having these professional agents on their team. Choosing a comprehensive commercial insurance policy involves a lot of thought and deliberation because being underinsured can have a catastrophic effect on the health of your business. 

Comprehensive Commercial Insurance

In addition to finding the right policy features, it can also become complicated determining the proper policy coverage levels. When you work with a professional agent who understands comprehensive commercial insurance you are more likely to get the protection your business needs. Coverage for your vehicles, employees who do work using personal vehicles, litigation liability, and business interruption are just a few of the important areas that carry risk. A comprehensive policy can protect you from those scenarios and a lot more. Business interruption coverage is another feature that can really make a difference if your company experiences a covered event that knocks your production offline. This coverage can allow a business to stay open as they recover from a natural disaster, fire, or other covered situation that has a significant effect on their ability to conduct business as usual. Minimizing risk is the foundation of any successful business!

Is it time to review your commercial insurance policy for completeness? Knowing that you have the protection that is right for your business needs can offer a lot of peace of mind! The team at Mid Atlantic Insurance Financial invites the business owners in the greater Laurel, MD area to call or stop by today and find out more about the available policy options!

How to Choose the Right Life Insurance Policy

Posted on by AgentInsure

Choosing the right life insurance policy in Laurel, MD can be overwhelming. There are some things you need to think of to discuss with your agent at Mid Atlantic Insurance Financial in order to get the right one.

The Reasons You Need Life insurance

The need for life insurance can depend on your personal situation. If you don’t have dependents then you may not need life insurance. If your salary is important for supporting your family then you need to consider life insurance.

How Much Coverage You Need

How much coverage you need will depend on different factors, such as sources of income, the dependents you have, your lifestyle, and outstanding debts. A general guideline is to have five and 10 times worth your annual salary. You may also want to consult with a financial planner to determine how much coverage you need.

Types of Life Insurance

There are two types of life insurance in Laurel, MD. Term and permanent life insurance can both be beneficial for different parts of your life.

Consider term life insurance if you only need insurance for a certain period of time. You can also consider term insurance if you have a limited budget but still need a large amount of insurance. If you think your financial needs might change then look for a policy that is convertible. This will allow you to convert it to permanent insurance with the need for a medical exam. Premiums are the lowest when you are young and will increase when you try to renew.

Consider permanent life insurance if you need insurance coverage for as long as you live. You can also choose permanent life insurance if you want to have a cash saving element. On some policies, the savings element can be used to pay premiums to keep the life insurance active.

Contact Mid Atlantic Insurance Financial to get a quote on life insurance.