Is It Time to Update Your Life Insurance Coverage?

Life insurance is one of the many ways that insurance can provide you with peace of mind and confidence that your family can weather the future, whatever it may hold. Unfortunately, many of our clients in the greater Ball Ground, GA are purchase life insurance as young professionals with a growing family, and then simply forget about it. Like so much else in life, your life insurance needs will change over time, and it is important that you review your policy on a regular basis to ensure that it provides the coverage you need. The Sanford Group is here to help you with this review and to work with you as you successfully navigate your ever-changing insurance needs.

Your Life Insurance Needs Will Change Over Time

As your family grows, and you progress through your career, your life insurance needs will change. When you have a young family, it is likely that your main focus is on providing for your spouse and children in the event that you have an early or unexpected death. As you grow older, you may worry about how your spouse will survive and thrive after you are gone, especially if they have devoted their lives to taking care of the family and do not work outside of the home. Some families like to establish funds for their children to help give them a leg up in life and make the process of home buying even easier for them. 

Is it time for your regular insurance review, or has it been years since you have even thought about your policies? The Sanford Group is here to meet the comprehensive insurance needs of the citizens in the greater Ball Ground, GA area, contact us today to schedule a consultation.

Do I need commercial insurance for an online business?

From the day you start a business, you need to purchase sufficient commercial insurance. However, the online business model is different from a business with a physical location. At the end of the day, you have inventory and equipment to protect. If you have a bricks-and-mortar business in Ball Ground, GA you have to protect the goods you are selling against disasters and events such as fires. You may also need coverage from The Sanford Group to protect your business against slip and fall claims. But, what are the potential liabilities you may encounter when running an online business?

Online business potential liabilities

For example, if you are selling jewelry, razors, or baby clothes online, you may be sued for injuries caused by those products. Your e-commerce business deals with products that have the potential of causing allergies or even food poisoning. Even if you have not manufactured the products you can be found liable and be sued for a lot of money. This can happen, especially if the manufacturer is overseas or you have refurbished the products that you sell on your online store.

Why insurance is important

It is possible to face lawsuits due to incidences of data loss, hacking, or your website being unavailable for a period of time. If you don’t have sufficient coverage you might end up closing shop. While it is not easy to find online insurance products, you can discuss your specific needs with your insurer to see whether it is provided. Furthermore, some commercial insurance coverage options such as Workers’ Compensation may not apply to an online business. But, The Sanford Group can customize an online business insurance package that is suitable for your specific type of business.

Remember, insurance can be expensive and in case you decide to use, you have to read your policy carefully to avoid making costly mistakes. Do you own an online business store? You can contact one of our knowledgeable insurance agents in Ball Ground, GA for more information on how to start protecting your online business today.