Laurel MD

Required Commercial Insurance in Maryland

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When you own a business in Maryland, you need certain types of business insurance. Commercial insurance is required for many businesses, while some don’t require it. Find out which types of commercial insurance may be required for your business. Call us at Mid Atlantic Insurance Financial in Laurel, MD when you need commercial insurance.

Workers’ Compensation Insurance 

Workers’ compensation is a type of commercial insurance that most businesses in Maryland are required to have. Any business that has employees must have this type of insurance. This is true whether you have one employee or one hundred or more. It’s also required for part-time employees as well as full-time workers. Many expenses can come from an injury that happens at work. You’re generally responsible for the bills when you have an injured employee. This can include medical bills as well as disability payments. When you have this type of commercial insurance, it will pay for those bills, so your business won’t suffer. 

Commercial Auto Insurance 

Your business will own several things, and one or more vehicles may be among them. When a business in Maryland owns a vehicle, it has to be covered by a commercial auto insurance policy. These are required to have different types of coverage in them. These are bodily injury liability and property damage liability. If your work vehicle gets into an accident or otherwise causes damage, this policy will pay for those damages up to its limit. The amounts required in the state are relatively low, so it may be a good idea to add some coverage to the required minimum amounts. If you have a trucking business, you might have other coverage types to comply with the law. 

Get Commercial Insurance 

Get your business insurance through us at Mid Atlantic Insurance Financial in Laurel,  MD.

 

How Term Life Insurance Works

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When you need life insurance, there are a couple of different kinds to choose from. Each of them has its upsides and downsides. One of these is term life insurance, which is an essential type for many people. It’s a type of insurance that leaves a death benefit for your beneficiaries after you’re gone. When you have one of these policies, you can leave something behind for those needing it. Call us at Mid Atlantic Insurance Financial in Laurel, MD to get your life insurance policy.

A Set Time Period

Term life insurance gets its name for the amount of time that the policy is in effect. It’s suitable for a term of time. This specific term is decided up front and written into the policy. In most cases, the policy is in effect throughout that term of time. When the term, such as 10 or 20 years, ends, the policy will be expired. Once this happens, you’re no longer covered. If you still want life insurance, you must start over and get a new policy. There is also no cash value to this type of life insurance that you can borrow against as with whole-life policies. 

Lower Price

So many people choose this type of life insurance because it costs less than the other type of policy. The cost of term-life policies is often relatively low. This makes it more affordable for a wide range of people. Many people can’t afford a whole life policy, but they find term life much more affordable. 

Get Your Life Insurance Policy

If you don’t have a life insurance policy or want more coverage, we’re here to help. Call us at Mid Atlantic Insurance Financial in Laurel, MD to learn more.

Demystifying Auto Insurance in Maryland: Your Go-to-Guide for Complete Coverage

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Navigating the complexities of auto insurance coverage, rates, and policy provisions can overwhelm Maryland drivers. Mid Atlantic Insurance Financial in Laurel, MD, can provide sound advice and help you choose the best auto insurance! 

Drivers in Maryland must carry the minimum amount of insurance mandated by the state. Drivers caught without proper insurance coverage and Maryland can face unwanted penalties and fines.

Maryland Auto Insurance Coverage Options

Get Liability Coverage to Meet State Minimum Requirements

Liability coverage is Maryland drivers’ most basic auto insurance coverage to meet the state minimum requirements.

Most people get liability insurance when they only need the basic minimum, and they aren’t concerned about adding on comp or collision coverage that offers additional financial protections. 

Collision and Comprehensive 

Collision and comprehensive insurance add more coverage to your auto insurance policy, which helps financially protect policyholders from accidental damage, vandalism, and other devastating outcomes that can cause them to have to pay out-of-pocket expenses for repair or replacement caused by accidental damage. 

Get advice from a licensed insurance agent to learn more about individual policy premiums and coverages to stay compliant with Maryland auto insurance laws. 

How to Start an Auto Insurance Policy in Maryland

Ready to start an auto insurance policy in Maryland and don’t know where to begin? No worries! An experienced Mid Atlantic Insurance Financial insurance agent can help you understand the benefits of bundled insurance policies and adding on premium coverage like emergency roadside assistance and towing.  

Get a Maryland Auto Insurance Quote Today

The insurance professionals at Mid Atlantic Insurance Financial in Laurel, MD, can help demystify the process of choosing the best auto insurance to meet your family’s needs. 

Contact a licensed insurance agent today for a free quote! 

Unexpected Disasters: How Home Insurance Can Save the Day

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If you own a home or are about to buy one in the Laurel, MD area, it’s essential to understand the value of home insurance. Mid Atlantic Insurance Financial can help. Then you can have more peace of mind, knowing your home is protected from unexpected disasters. Many things can go wrong with a home, and you want to know that you’re prepared for them if they happen.

For example, there could be a natural disaster like a bad storm, or you could have a pipe burst in a wall. If you don’t have the right type and level of insurance coverage, you might not be protected or be able to have the damage repaired quickly. Working with the right agent makes the difference because you can get the information you need about home policies and what they cover.

Some basic, standard levels of coverage typically come with home insurance policies, but there are also many additional options to address. You don’t want to miss out on critical coverage that would help protect your home simply because you didn’t know it was an option or that you needed it.

Choosing coverage without the help of an agent could mean you aren’t getting everything you need. If the unexpected happens, you might not have the resources necessary to handle the aftermath. That’s what insurance is for, but you need proper coverage.

That’s why working with us at Mid Atlantic Insurance Financial is the right choice for your home insurance needs in the Laurel, MD area. We understand that every home and situation is different, but we also know how to suggest the right coverage for your home and lifestyle. Contact us today, and let us help you get coverage to protect you from the unexpected.

How Life Insurance Can Help With Mourning

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After someone passes away, families are often left to pick up the pieces. While there is no way to ease the burden completely, proper steps can protect families and help them cope during mourning. Life insurance policies, in particular, can help to reduce the burden. Folks living in or near Laurel, MD, and other areas nearby should contact Mid Atlantic Insurance Financial to learn about the benefits of life insurance policies.

Why Life Insurance Makes it Easier to Grieve

While many families would rather avoid the topic of money after someone passes, financial burdens can quickly compound non-financial issues. Sadly, financial matters can make it more difficult to find closure, and loved ones who are left to sweat such issues may be at risk of being overwhelmed.

The right life insurance plans can reduce the risk of various financial burdens. The terms, details, and coverage will vary from plan to plan, so it’s important to examine each policy closely. You can also partner with an insurance agent who can explain how various policies work.

If someone has passed away, the rest of the family may worry that they can’t afford the mortgage payments or that they won’t have enough to pay for child care, among many other costs. A family might also be stressed over the costs of funeral and burial (or cremation). The more time they have to spend worrying about such matters, the less time they can spend processing loss and honoring the departed.

On the other hand, if a life insurance policy provides the financial security needed to allow loved ones to focus on grieving, this could significantly improve their mental health. Not only can friends and family process their own grief, but they can also provide support to each other. Contact Mid Atlantic Insurance Financial, serving Laurel, MD, and beyond, to explore life insurance policies.

 

Common Myths About Commercial Insurance

Posted on by AgentInsure

It’s no secret that owning and operating a business in Laurel, MD can be stressful. To make matters worse, the confusion and misinformation surrounding commercial insurance and whether or not you need it can lead to costly events down the road. Fortunately, the team here at Mid Atlantic Insurance Financial is here to help you sort through the weeds and make the right choice for your company.

My Business Is Too Small for the Insurance

Simply put, no business is too small for commercial insurance coverage to be useful. A policy can provide you with an invaluable peace of mind. Should injuries or damage occur, you can be protected from paying for everything out of your pocket.

I’ll Be Paying for Coverage I Don’t Need

Commercial insurance doesn’t come as a one-size-fits-all policy! You can customize your plan by choosing the type(s) of coverage you need and the deductible. Your Laurel, MD insurance agent can help you mix and match to find the right policy.

My Homeowner’s Insurance Covers My Home-Based Business

Unfortunately, your homeowner’s insurance policy strictly protects your home and its contents. Filing a business-based claim on your policy can lead to unpleasant outcomes. Not disclosing that you run a business from home can cause some providers to cancel your policy. 

Protect Your Assets With Help From Mid Atlantic Insurance Financial

Commercial insurance doesn’t have to be a mystery. By partnering with our team to find the coverage your business needs, you can protect your livelihood from various events. We will work with you to find the right policy at the right price so that you can focus on the essential tasks of running your business. Contact us today to learn more about how we can help.

Do Accidents Raise Your Insurance Rate if It’s Not Your Fault?

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Having adequate auto insurance in place is required by law, but choosing the right policy and benefits to suit your lifestyle is essential. If you’re looking for quality auto insurance, Mid Atlantic Insurance Financial experts can provide the support you need to choose the proper coverage. We proudly serve the residents of Laurel, MD, and encourage you to reach out to us to learn more.

Accidents

Accidents can happen at any time. That’s why having the right insurance in place is so crucial. Individuals recently involved in accidents that weren’t their fault may wonder if their insurance rates will increase. However, the general rule of thumb is that your insurance rate won’t increase if the accident is not your fault. It’s essential to understand the terms and conditions for each auto policy because not all insurance policies are the same.

Our helpful team members work hard to explain each policy’s fine print to ensure the customer is well-informed. We carefully assess each person’s situation and recommend policies based on those needs. Not only do we assist our customers with purchasing the policy, but we also offer support and guidance throughout the policy’s lifetime. We can provide documentation submissions and assist with any future claims.

Find Out More 

If you are currently interested in acquiring insurance for your automobile, be sure to reach out to Mid Atlantic Insurance Financial, proudly serving the residents in and around the Laurel, MD, area. Call or stop by the office today and get answers to questions or consult with an insurance professional to learn more about coverage options in the services we provide.

 

Three priorities when you buy home insurance

Posted on by AgentInsure

Homeowners mustn’t underestimate the importance of making the right home insurance decisions. If you decide on a home insurance policy in Laurel, MD, we can help you at Mid Atlantic Insurance Financial. 

The following are three priorities you should focus on when buying home insurance. 

Factoring your home insurance premiums into your budget

Plan ahead regarding your finances to ensure you’ll pay your home insurance premiums on time every month. When you choose a home insurance policy, you should set out a budget to have a detailed financial plan and keep up with your homeownership expenses. 

Having complete coverage on your property

Getting complete coverage with a policy that offers replacement value coverage. Complete coverage on your property allows you to avoid a lot of financial risk as a homeowner. 

Understanding exactly what types of coverage you’re getting

Home insurance policies can potentially include a variety of different kinds of coverage. Not only does home insurance cover you for damage to your dwelling, but also damage to outbuildings and other personal property. Home insurance also provides coverage for medical bills resulting from injuries on your property. 

At the same time, home insurance doesn’t typically offer coverage for flood or earthquake damage. Be sure to read the fine print to know what coverage you’re getting and what coverage you’re not getting on your policy. 

At Mid Atlantic Insurance Financial, we are here to assist you with your home insurance needs. Contact us today to get a quote on a home insurance policy for your property in Laurel, MD.

 

Why It’s Crucial to Keep Your Life Insurance Policy Up to Date

Posted on by AgentInsure

Although no one ever plans on passing away sooner rather than later, it can happen to even the healthiest, most careful people. Life insurance can help ensure your loved ones are taken care of in the event of your untimely passing, but policies must be updated.

If you’re in or near Laurel, MD, and looking to purchase or upgrade a life insurance policy, we at Mid Atlantic Insurance Financial can assist you with all of your needs.

Avoid a lapse in coverage.

If you currently carry term life insurance (or plan to), it’s essential to know when your term date ends so you can make arrangements to either convert your policy to a whole-life alternative or choose a new term policy.

Even a short coverage gap can mean your family doesn’t collect a death benefit if the worst should happen. So to be on the safe side, always initiate new applications at least six months in advance, just in case.

Change is part of life.

People who lead relatively tranquil, low-key lives in Laurel, MD may think of their lives as unchanging, but this is never the case. Change is part of every life, no matter how quietly lived, and your life insurance should change to match.

Consider how your life circumstances have changed since you last updated your policy. For example, have you remarried (or considered it)? Are any of your children now grown or living on their own? Have you switched careers or accumulated more assets? Any of these possibilities (or similar) should trigger a review of your existing life insurance policy.

If you’re in the market for a life insurance policy or need to upgrade an existing one, you need the right insurance agency on your side. Contact us at Mid Atlantic Insurance Financial today, and let us know how we can help!

Top Three Liability Risks For Business Owners

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Being a business owner can be hugely satisfying, but at the same time, there are also a lot of risks that come with it. At Mid Atlantic Insurance Financial, we make it our job to help business owners reduce these risks as much as possible in Laurel, MD, and the surrounding areas. Keep reading to learn about business owners’ top three liability risks. 

Employee Injury 

One of the most significant liability risks you will face as a business owner will always be the risk of employees getting injured while they are performing their work tasks. It is always your responsibility to provide a safe work environment for your employees. So, when they get injured, it is a reflection of the work conditions in many ways. It can also be a reflection on the training they have received. If an employee feels that you, as the employer, put them in unnecessary danger or risk of injury, you might be held liable. 

Customer Injury 

Another risk you will face is that of customers getting injured. Customer injuries can occur on your business property or as a result of your goods or services. You are 100% responsible for providing safe products and services and a safe place of business for customers to visit. You will almost always be held liable for any customer injuries. 

Property Damage

Another considerable risk is damage to your place of business or your equipment. When the damage of this sort takes place, you are liable for the expense of replacing or repairing the damage. If the damage is extensive, this could leave you with a devastating financial burden. 

If you want to learn about our commercial insurance policies to help protect business owners from these liabilities, please get in touch with us at Mid Atlantic Insurance Financial, serving Laurel, MD, and the surrounding areas.