Month: November 2020

Life Insurance Myths Maryland Residents Must Avoid While Researching Policies

Posted on by AgentInsure

Based in Laurel, MD, Mid Atlantic Insurance Financial assists local residents by helping them find insurance coverage. Our primary goal is to help our clients find policies that will prepare them for whatever obstacles life may throw their way. As an independent insurance agency, we have established successful relationships with several different carriers around the greater Washington DC area.

Life Insurance Myths To Avoid

Researching life insurance policies can be uncomfortable at times. However, having coverage can help alleviate some of the stress and burden on your loved ones after they pass away. Life insurance can help secure your assets and ensure that your family has some structure after your passing. While you are researching different policies, avoid some of these common life insurance myths.

I Don’t Need My Own Policy Because I Have Coverage Elsewhere

Many people make the mistake of relying on coverage through their Laurel, MD employer. In order to make sure that you have the benefits that you need, research your own policy. With an individual policy, you can tailor the coverage exactly as you want.

I’m Single So Life Insurance Isn’t Necessary

Things can change in the future. While you may be single now, that may not be the case in a few years. Life insurance makes things easier in the event that you do get married and start a family one day. Even if you don’t get married, life insurance will ensure that the process of transitioning your assets after your passing is less stressful.

I’m Young With No Real Assets, I Don’t Need Coverage

It is a mistake to think this way. Do not wait until you start aging to research policies. Regardless of the stage of life that you are in right now, it’s never too early to plan for the future.

Mid Atlantic Insurance Financial Will Help You Plan For What Comes Next

Visit our website today to learn more information about life insurance.  

Who needs to get commercial insurance in Maryland?

Posted on by AgentInsure

The Laurel, MD area continues to be a great place for anyone to start a business. Those that are business owners here will enjoy a strong local economy and favorable attitude towards small businesses. While this could help you to achieve success, there continue to be risks that come with starting a company here. One way to mitigate these is by getting commercial insurance. There are several situations when someone here will need to get commercial insurance.

Those That Take Out a Loan

One situation when you will need to get commercial insurance is when you are going to take out a loan. Any business lender will want to make sure that their borrowers are well insured as it ultimately helps to protect their investment. If you are going to take out a loan here, you should make sure you understand your insurance needs.

Those that Have Employees

Another situation when you will need to get commercial insurance is when you are going to hire employees. The state of Maryland is similar to other states in that they require all businesses to carry worker’s compensation insurance if they have employees. If you have hired someone to your team, the worker’s comp insurance will provide coverage if they get hurt while at work. Companies that do not have this coverage could be penalized. 

If you are searching for commercial insurance in the Laurel, MD area, it will be very important that you speak with someone that you can trust. Since picking commercial insurance can be complicated, you should call Mid Atlantic Insurance Financial. When you reach out to Mid Atlantic Insurance Financial for your insurance needs, you will get the coverage that you need. This can ensure that your business will be properly covered at all times.