Monthly Archives: January 2015

Get Your Small Business Insured With These 5 Tips

You shouldn’t even think about trying to operate your small business until you’re properly insured. Not having the proper insurance means that the smallest accident could cause you to lose everything. The good news is that insuring a small business doesn’t have to be difficult. You just have to follow these five tips!

Schumacher Insurance

Source: Free Digital Photos

Know your Risks

Taking the time to identify your risks does two things. One, it prevents you from spending extra money on coverage you don’t need. Two, risk assessment helps you decide which insurance company will be a good match for your small business.

Work with an Agent

It’s possible to customize an insurance plan, turning it into something that won’t eat into your profits but will also provide you with an adequate amount of protection. Working with an agent is the best way to create the perfect plan. Plus, it gives you a familiar person to deal with if you have questions or need to file a claim.

Consider All Options

There are lots of insurance companies out there. When insuring a small business, you want to consider all your options and make sure you’re dealing with an insurance company that;

  • Charges fair rates
  • Works closely with clients
  • Doesn’t have a reputation for being difficult when a claim needs to be made

Look into Business Owner Packages

Bundling multiple insurance policies into packages can save your hundreds of dollars a month.

Reaccess at the end of the Year

Don’t assume that just because you are happy with your current policy, that it’s still the best for your small business. At the end of each year, go through the steps again and make sure your still getting a good deal.

Contact us if you have any questions about how to go about insuring a small business.

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Contact Us to Learn More About Our Special Rates for New Jersey Teachers

As a teacher you put in really long days working hard to make sure that the youth in New Jersey have the education they need for a successful future. It’s a tough and important job and we feel it’s only fare that you should be rewarded by your efforts.

Contact Us to Learn More About Our Special Rates for New Jersey Teachers

Source: Wikimedia

While we can’t provide you with new cars or long weekends at the spa, one thing we can do is make sure we provide the best insurance rates for teachers which is exactly what you’ll get when you contact us.

Teachers need to be careful when it comes to choosing their insurance. It’s easy to be seduced by the promise of a low price. The problem that many teachers have encountered is that they find that the insurance company isn’t willing to come through after a claim has been made.

It doesn’t matter if you need to update your policy, have a question about insurance rates for teachers, or have to make an insurance claim, you’ll find that we’re very easy to deal with. We respond quickly to any claims you make so that you’re life can return to normal. Since our website has been set up so that claims can be filed online, you can submit your information and update your policies anytime of the day or night.

The simplest way to learn about our insurance policies and to get the insurance rates for teachers that you deserve is contacting us. We’re happy to answer any questions you have.

5 Factors to Consider Before You Buy a Recreational Property

It’s an exciting time when you realize you can afford not just a primary residence, but a recreational property too! You look forward to it being enjoyed – by your children, friends, family, and of course, yourself. However, there are certain things to consider before buying recreational property to ensure you understand your role:

Home Owners Insurance

Source: Free Digital Photos

  1. Find a great location: As with any property, location is key. For an urban property, do you feel safe? Is it easily accessible? Are there enjoyable amenities? For a rural property, do you like the neighborhood? Is it too secluded? How will you deal with wildlife?
  2. Determine what is included: Just as with a primary residence, you need to know what items are included in the sale. This may include gates, maintenance equipment, portable sheds, hunting leases, and more. Get it in writing.
  3. Consider title insurance: Title insurance ensures that you own property in the amount that you paid, excluding exceptions, such as transferring ownership by legal deed. You should receive a copy of the title insurance document before closing.
  4. Know the property boundaries: How large is the property? What areas exactly will you own? Compare the stated size with that in the assessor’s office, and ask about any discrepancies.
  5. Calculate the true cost of ownership: A recreational property has its own maintenance costs. Replacing fences, repairing sheds, cutting large swaths of grass with a riding lawn mower – account for everything you may need to buy or pay for to understand all costs of owning that property.

Buying a recreational property is thrilling, but make sure you perform your due diligence. If you have any questions about the things to consider before buying recreational property, contact the friendly professionals at Schumacher Insurance. Their experience will help guide you towards fun times.

5 Ideas for Handling Worker’s Compensation Claims

When a worker is injured on the job it is always a delicate situation. Of course the injured person’s welfare is the top priority. But what happens after the initial crisis is taken care of? We have a few tips for handling Worker’s Compensation claims better to leave less room for error and miscommunication.

Schumacher Insurance

Source: Wikimedia

Time is of the essence when handling worker’s compensation claims. Claims should be submitted as soon as possible, while the chain of events leading to the accident is still fresh in the minds of witnesses and any evidence can still be preserved. Always immediately begin the investigation of a claim as soon as it happens.

Keep in touch with the injured worker. Often losing contact with the injured party can lead to miscommunication and misunderstandings later. Once this happens, attorneys get involved and the window of opportunity to come to amicable terms most likely has passed.

Obtain a medical release as soon as possible, ideally the same day as the incident happens. This will help once paperwork piles up and medical records need to be obtained in a timely manner.

As an employer, make sure an excellent safety and prevention program is in place to prevent accidents and eliminate occupational hazards. Cutting down on the risk of a Worker’s compensation claim being filed is extremely important.

It’s also important to have a transitional program in place that helps the injured worker return to work sooner and safer. Identify tasks and positions that can accommodate a limited work release while giving the employee the sense that they are still able to contribute meaningfully to the workforce.

Find out how we can help you with questions about handling  worker’s compensation claims. Contact us today and speak with one of our friendly insurance agents at Schumacher Insurance Group.

 

How to Determine the Best Healthcare Plan for You

The new Affordable Care Act allows you to choose from a variety of healthcare plans. While it is good to have choices, the amount of plans you have to go through can be overwhelming. The following tips on how to determine the best healthcare plan for you will help you choose the right plan.

Schumacher Insurance Agency

Source: Free Digital Photos

  • Figure Out What You Need: It is natural to choose the insurance with the lowest premium, but try to look beyond the cost. Figure out what you want and need the most, from keeping your doctor to specific tests. When you narrow it down to a price range and features, you can start from there when sorting through plans.
  • Find Out What Is Covered: It is best to find out what doctors and hospitals are fully covered before signing up for insurance. Some plans restrict the doctors and hospitals, while others cover almost all providers. This is very important if you wish you keep your current doctor and hospital.
  • Take Note of The Complete Cost: You cannot rely on the lowest monthly premium alone when choosing an insurance plan. There are five factors you need to keep in mind when choosing insurance, and they are the premium, deductible, co-payment, coinsurance and out-of-pocket maximum. Please keep in mind that the lowest monthly premium may not cover everything, such as an emergency or overnight hospital stay.

If you need additional tips on how to determine the best healthcare plan for you, the staff at the Schumacher Insurance Agency is ready to help you choose the plan that best fits your lifestyle. We are certified, experienced and willing to pass our knowledge onto our clients.

When you are ready to choose a healthcare or insurance plan, contact us and we will get back to you in a timely manner.

Keep These 3 Factors in Mind When Purchasing Life Insurance

Purchasing life insurance is not a topic many like to discuss, but it is very important to have a plan. You do not want to leave your loved ones with a burden or expenses, especially while they are grieving. To help you prepare for the future, here are three tips for purchasing life insurance.

Life Insurance

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  • Types of Coverage: There are two different types of coverage, and they are term life and whole or cash value insurance. Term life is more expensive, accumulates cash value and never expires. Cash value is more affordable, does not accumulate cash and expires within 10 to 30 years.
  • Individual Goals: One of the most important tips for purchasing life insurance is to use your goals to decide which type of coverage is best for you. You may want a plan that allows your beneficiary to accumulate cash over time, or you may be looking for a plan you can afford right now.
  • Policy Value: When analyzing your need for coverage, be sure to keep your current and even your future budget in mind. Your death benefits can be used to pay off existing debts, reduce expenses for your family or invested in real estate or stocks. It is very important to figure out how your family’s budget may be affected at the unfortunate time of your passing, so you can figure out how much insurance is needed. We would recommend using an online life insurance calculator.

If you are looking for additional tips for purchasing life insurance, Schumacher Insurance Agency is ready to address your concerns. We do not just sell insurance, but we make sure our clients walk away with more knowledge on insurance than before they came to us.

When you are ready to discuss or purchase life insurance, contact the Schumacher Insurance Agency.

Condo vs. Homeowners Insurance: 3 Differences Between Condo and Home Insurance

When you purchase a home or condo, having an insurance policy to cover the cost of damages to it is essential. However, not all homeowners insurance policies are the same. There are some important differences between condo and home insurance that you should keep in mind.

Condo Insurance

Source: Wikimedia

Primary Dwelling

With condos, the homeowners’ association holds the insurance for the structure itself, but this doesn’t include permanent parts of the condo, such as cabinets. For homes, the homeowner holds the insurance for the structure, construction materials and any permanent parts of the home. Cabinets and other permanent parts of a condo are covered under the insurance policy’s personal property section.

Personal Property

For homeowners, personal property coverage includes personal belongings that are valued at half of the home’s structure. Homeowners can purchase extra coverage as needed. For condo owners, personal property typically includes everything inside the actual condo that isn’t covered under the primary dwelling section. Since this affects home improvement projects, such as getting new cabinets, condo owners need a higher amount of personal property coverage.

Other Structures

Homeowners insurance includes coverage for other structures on the property, such as garages and sheds. Coverage is usually valued for up to 10 percent of the main structure. Homeowners can get additional coverage if they need it. Coverage for the other structures section of an insurance policy usually doesn’t apply to condos, since these typically don’t have additional structures.

Need more information on the differences between condo and home insurance? Please contact Schumacher Insurance Group to learn more.

5 Tips for Preparing Your Motorcycle for the Winter

The winter season is upon us, and this means motorcycle owners will be putting their bikes away for the season. There is more to putting your motorcycle away than just placing it in your garage. The following tips for preparing your motorcycle for the winter are essential for prolonging the longevity of your bike.

Tips for Preparing Your Motorcycle for the Winter

Source: instructables.com

  • Change The Oil: Once you take your last ride for the season, change your oil so it is ready to go by the time spring rolls around. Now keep in mind that every motorcycle is different, so you will need to look through the owner’s manual for specific details.
  • Wash Your Motorcycle: Tips for preparing your motorcycle for the winter includes cleaning, so the finish is not ruined over the season. Be sure to wash it using soap, water, sponge, hose and bucket.
  • Fill Your Gas Tank: Leaving the gas tank half-empty and the gasoline untreated causes gunk and varnish to form, creating major issues for your motorcycle in the long run. You want to fill 3/4 of the tank with gasoline, follow the directions to add in a gas-stabilizing chemical and let the motorcycle run for five minutes.
  • Move the Motorcycle to Your Storage Location: You want to keep your motorcycle in a warm, dry location, such as the shed or garage. Turn off the motorcycle so the engine and mufflers can cool down.
  • Cover the Mufflers: Use motorcycle exhaust plug or plastic bags with rubber bands to cover your mufflers. This prevents unwanted critters from building a next in your mufflers.

Schumacher Insurance Agency offers several packages, as well as a friendly staff who is ready to educate clients on insurance.

If you need insurance or additional tips for preparing your motorcycle for the winter, contact us and we will be happy to help.

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