Benefits of a Virginia commercial insurance policy

For anyone that is looking to become a small business owner, starting in Richmond, VA is a great option. When you are in this area of the state, you are going to be able to rely on a strong population base, a good local economy, and many other benefits. While there are advantages to opening a business here, there are risks as well. One way to mitigate some of these risks is by getting a commercial insurance policy as it can give you a range of benefits. 

Provides Liability Protection

One of the advantages of a commercial insurance policy is that it can provide you with liability protection. As a business owner, there is always a risk that your product or service could cause an injury or illness to another part. Further, if you employ staff, there is a risk someone could get hurt while working. Through liability and workers’ compensation coverage, you can receive the protection you need to offset this risk.

Protects Business Assets

Anyone that starts a small business is going to need to purchase some assets to get the company moving in the right direction. If you lose these assets to theft or damage, it could set you back a lot. When you get a commercial insurance policy, it will give you the coverage you need to replace these assets if you suffer a loss.

Getting a commercial insurance policy is always a good idea for a business owner in the Richmond, VA area. If you are looking for insurance, you should call Easley Hedrick Insurance & Financial as soon as you can. The team at Easley Hedrick Insurance & Financial can help you to determine your insurance needs for your company. From there, they can help you to get into a quality policy. 

What Does Homeowners Insurance Cover?

If you’re in the market for homeowner’s insurance, our agents at Easley Hedrick Insurance & Financial in Richmond, VA are happy to answer any questions and address any concerns that you may have.

One of the single most important things homeowners do after purchasing a home is to acquire homeowners insurance. A basic homeowner’s insurance policy in Richmond, VA covers the following six essential items.

  • Dwelling Coverage – If your home damaged or destroyed by fire, the build-up of winter precipitation (snow, ice, sleet, etc.), struck by lightning, hail, an explosion, or wind (check your policy deductible wind damaged may be listed under or with a hurricane), you’re covered.  
  • Structure Coverage – Includes all structures on your property that are not attached to your home, including your garage, sheds, pool house, guest house, animal homes (doghouse, chicken coop, etc.), and even your fences.
  • Loss of Use – If your home is damaged and you cannot live there, your policy will pay for your living expenses outside of your home.
  • Personal Liability – If someone’s property is damaged or a person is hurt while on your property, it will compensate them. It will also pay for your attorney in a liability lawsuit.
  • Personal Property – If any of your personal items are damaged, destroyed, or stolen, you will be compensated for their loss.
  • Medical Payments – If someone is injured while on your property, it will pay a small portion of their medical bills.

Flood Insurance

Living in Richmond, VA, you may want to include flood insurance as it is not included in a standard homeowner’s policy. Hurricane season comes every year from May 15 to November 30, and with it often comes massive amounts of rain that lead to flooding. Flood insurance covers your home and its foundation, personal belongings, appliances including plumbing, electrical, HVAC, and water heaters, plus debris removal.

To get your homeowner’s insurance policy in Richmond, VA, call Easley Hedrick Insurance & Financial today to set up an appointment.

Who Needs Cyber Insurance?

Cyber insurance is a type of liability insurance coverage that can protect a company from issues as a result of data breaches. Any business that has a computer or cloud that is used to store sensitive customer-related or other private information should acquire this type of insurance policy.

Do You Need Cyber Insurance?

Any company or business that uses electronic equipment or cloud storage should invest in this insurance protection. Leaks of data can happen at any time without warning. This can result from malfunctions or cybercrime activity, and any size business can become a victim, and, therefore, become liable for the loss or exposure of confidential information. If you are wondering if you should purchase cyber insurance, you should consult with an insurance agent to find out more.

Protecting Sensitive Information

It is important to be compliant, but also smart to be prepared for anything when it comes to storing customer or sensitive information. Cyber insurance can help protect the integrity of a business and help owners avoid disaster should any data breaches occur. Those residents of Richmond, VA, who have questions about cyber insurance, or are currently looking for quality cyber insurance should work with Easley Hedrick Insurance & Financial to help them get a complete layer of protection from these types of threats.

Easley Hedrick Insurance & Financial looks forward to working with you to help you get the cyber coverage you need to operate your e-commerce business with confidence. Call or stop by the office if you live near the Richmond, VA area, and see how to begin finding policies that work for you and your online business.

When is getting umbrella insurance in Virginia a good idea?

All people need to carefully consider their insurance needs. One part of this is making sure that you are properly covered for your risk of liability. For those that are in the Danville and Richmond, VA area, one way to ensure that you are properly covered for liability risk is by getting an umbrella insurance policy. There are several situations when getting an umbrella insurance policy would be a great idea. 

When You Want More Coverage

One situation where you will want to get an umbrella policy is when you want more liability coverage. Getting a base home or auto insurance policy is normally enough to cover you for liability in the vast majority of situations. However, there is always a small risk that you could be at fault for a far more significant accident. When this occurs, your umbrella insurance policy will give you more coverage for liability on top of the base policy. 

Covers Other Situations

While home and auto insurance policies give a good amount of liability coverage, they do not cover all situations that could result in a lawsuit and liability. For example, if you are sued for slander, your current policies will not give coverage. However, if you get an umbrella insurance policy, you will get the coverage that you need to ensure you are covered for this liability risk. 

Those that are in the Danville and Richmond, VA area and think that they need umbrella insurance should reach out to Easley Hedrick Insurance & Financial to discuss their insurance needs. The team at Easley Hedrick Insurance & Financial can help you to build and select an umbrella insurance policy that covers you for all of your potential risks and gives you enough coverage to provide protection and peace of mind. Reach out to our office for more information.

What is Multiple Driver Auto Insurance?

If there’s more than one driver in your household and you all share the same vehicle, more than likely, you’ll all be listed on one auto insurance policy. Multiple-driver auto insurance from Easley Hedrick Insurance & Financial may be just what you need to protect the drivers in your Richmond, VA household, and save money on your premium. Here’s what you should know about multiple-driver auto insurance policies.

Greater Convenience/Lower Costs 

There’s greater convenience in putting all drivers in your household on one auto insurance policy. You’ll be working with one insurer and paying one premium, even if several drivers contribute to your auto insurance costs. Under most circumstances, multiple-driver auto insurance is also cheaper than purchasing separate auto insurance policies.

You can even add a “non-resident” driver to your auto insurance if he or she uses your vehicle regularly as it enables you to take advantage of lower premium costs. As much as possible, your coverage should reflect the protective needs of all your drivers.

Risks of Adding Poor Drivers to Your Policy

A multiple-driver auto policy can work to your advantage if you’re partnering with good drivers. If one or more drivers have accidents or tickets on their driving record, however, you could wind up paying more for your policy. Poor drivers increase your cumulative risk of accidents, prompting your insurer to charge you more for your coverage.  

The good news is that once you decide to purchase your policy, you won’t be charged extra for citations or accidents caused by other drivers previously on your policy.

Multiple-driver auto insurance may not be for everyone, but it does have its benefits to households with more than one driver. To learn more about this type of auto insurance coverage, contact Easley Hedrick Insurance & Financial in Richmond, VA.

Does Commercial Insurance Cover Personal Belongings Within A Covered Structure

Many people who are homeowners’ will have some type of external structure such as a shed or a pool house on the property. These external structures are usually covered for most types of home insurance, or can be protected with an additional policy or rider to get comprehensive coverage, but does the coverage include the contents of the structure?

Structure Contents Coverage

Most insurance policies covering external structures don’t cover the contents unless there are special provisions or riders on the policy. Anyone who has this type of building and wants to protect the contents should speak with an insurance agent to determine which options are available in the area and whether it will give enough protection. When it comes to insurance, there is usually a way to get a policy to meet individual needs. 

Working With An Experienced Agent

Experienced agents are a policy holder’s best defense against losses and gaps in coverage. Their knowledge and skill will help outline each need and offer common-sense solutions to avoid losses as a result of a covered incident. Those who live in the Richmond, VA area should consult with an agent from Easley Hedrick Insurance & Financial to find out more about options for their location. 

Never assume insurance will cover personal items. Instead, thoroughly go over the terms and conditions with an agent and purchase any additional coverage to prevent losses. Richmond, VA area residents should call or stop by Easley Hedrick Insurance & Financial today to find out how to get complete policy coverage and ask any questions before making a home insurance policy purchase. 

Winter Home Maintenance: Five Tips to Protect Your Plumbing During Virginia Winters

Winter in the Richmond, VA area is undoubtedly beautiful. While the seasonal ice and snow make it the ideal backdrop for winter holidays, the sharp decline in temperatures does no good for your water and sewage lines. Easley Hedrick Insurance & Financial are proud to represent the residents of Richmond, VA. To help you avoid costly damage this season, our agents have compiled this list of essential tasks to help keep the pipes in your home from freezing, bursting, or otherwise succumbing to harsh weather conditions.

  • Keep your eye on the weather report. When overnight temperatures are projected to drop below freezing, consider shutting off your outdoor water valves. Open all the faucets connected to these lines to remove excess water from the lines. This removes excess water that can freeze and crack delicate pipes in hard freezes.
  • Wrap pipes in uninsulated areas of your home to keep them safe from hard freezes. A trip to your local hardware store will help you find a variety of easy-to-install temporary insulation solutions for your basement, attic, and outdoor lines. You may want to wrap the pipes under your sinks as well, as these enclosures are often much cooler than the surrounding rooms.
  • Keep your indoor space heated above 45ºF, even when you aren’t home. This simple act will prevent indoor pipes from getting too cold.
  • Get your water heater professionally checked before the cold season begins.
  • Avoid dumping easy-to-coagulate foods like oils and grease into your garbage disposal. These stick to the sides and trap pockets of moisture that can freeze and compromise the integrity of your indoor plumbing.

With these tips, you can enjoy a happy winter season without worrying about your plumbing. Talk to the experts at Easley Hedrick Insurance & Financial for more information on keeping your Virginia property safe throughout the year.

How Much Renter’s Insurance Do You Need?

Are you a renter in Richmond, VA?

You’ve probably heard people mention renter’s insurance, but what does it do, and how much do you need? Renter’s insurance is designed to protect you in two ways. First, it ensures your property that is in the rental. It can protect you from theft and damage, depending on the policy. The second thing it does is protect you from liability claims if someone is hurt while at your place. Knowing how much you need for each type of coverage can feel tricky, but these tips from Easley Hedrick Insurance & Financial will get you started.

Property

The primary reason people get renter’s insurance is to protect the things they own. On average, people keep less than $35,000 worth of stuff in a home they rent. There’s a good chance a policy on that scale will be sufficient for your belongings, but you can always tally what matters most to you. There are probably a few specific things that you especially want to be covered. As long as your policy is enough to replace or repair them, you’re in good shape on the property front.

Liability

Renters often don’t think about liability in terms of insurance, but this is the more critical aspect of a policy. Liability can easily be more expensive than replacing things you own, and it’s a more significant risk. A typical policy will usually cover around $100,000 in liability damages. Whether or not that’s enough depends on your lifestyle. If you have a lot to lose, you might want a better policy. It’s also worth a little more liability coverage if you entertain more than most people. Otherwise, a standard policy will probably be enough to keep you covered.

The best way to protect your rented home in Richmond, VA, is to talk to an agent. A little experience goes a long way, and a representative with Easley Hedrick Insurance & Financial can make sure your policy is sufficient for your needs.

How much umbrella insurance do you need?

Umbrella insurance, also known as excess personal liability insurance, is a great way to prevent financial loss in Richmond, VA. An indemnity plan of this sort serves as extra coverage when the policy limits of your traditional insurance plan are exhausted. 

Many consumers understand the value of umbrella insurance. Some, however, are still confused about how much they need. An agent at Easley Hedrick Insurance & Financial can help you find the best umbrella assurance plan to fit your lifestyle. Read on to get a general overview of how much coverage you may want to purchase. 

How umbrella insurance coverage works

Umbrella policies are not primary insurance plans and, thus, only works when your traditional plan has exhausted its limits. You cannot purchase umbrella insurance without showing proof of already having standard insurance. Therefore, most consumers find it easier to buy an umbrella indemnity plan along with their auto, home, or other types of traditional policies. 

The average umbrella plan is sold in increments of $1 million. Each additional increment may cost more. Still, the expense is minimal compared to what you would pay out-of-pocket if you do not have an umbrella insurance plan to cover the shortfall left by your traditional insurance plan’s policy limits. 

How much umbrella insurance do you need?

The amount of umbrella insurance you need depends on several things. Those with low auto premiums may consider purchasing more umbrella insurance. Equally so, individuals with dogs may want to buy a higher policy as well. Pet owners are fully responsible for the actions of their furry friends and may be on the hook for thousands if their dog bites an unsuspecting neighbor. 

It is best to speak with an agent in Richmond, VA from Easley Hedrick Insurance & Financial to determine how much umbrella insurance you need. Call today to get started with a quote!

5 Ways to Protect Your Vehicle While on the Road

Summer road trips offer great opportunities to explore the sights and sounds of Virginia. By planning your trip in advance, you can enjoy safer, more pleasant travels. The following tips from Easley Hedrick Insurance & Financial in Richmond, VA share ways you can protect your vehicle and belongings while on the road. 

Pack Wisely

Pack wisely, stowing cash and other valuables out of sight for safekeeping on the road. When stopping at a hotel or restaurant, avoid moving valuables into your trunk in plain sight of those around you, as it could draw undue attention from individuals looking for people to rob.

Park in Safe Locations

Choose your parking spaces wisely to discourage thieves or vandals from targeting your car. Park as close to the hotel or restaurant entrance as possible within easy view of people coming and going. Park in well-lit areas at night. If given a choice, park your car yourself as opposed to using valet parking to reduce your risk of theft.

Always Lock Your Vehicle

Always lock your car – even if you’re just jumping into a convenience store for a snack. An unlocked vehicle makes a tempting target for a would-be car thief. Use theft prevention devices such as car alarm or steering wheel lock to protect your vehicle on the road.

Maintain Interior Neat and Tidy

Avoid leaving beach towels, sweaters or pieces of clothing scattered on your car seats it gives the impression that you have something to hide. Thieves may risk breaking into your car to see if you’re hiding costly gadgets under these items. A neat car clearly shows there’s nothing to steal, encouraging thieves to move on.

Update Car Insurance

Update your auto insurance before hitting the road to ensure your vehicle and belongings are fully protected throughout your travels.

For quality auto insurance at reasonable costs, contact Easley Hedrick Insurance & Financial in Richmond, VA.