Is Life Insurance Right For Me?

One of the most common questions we receive here at Wellspring Insurance Network Inc. is whether or not life insurance is right for a specific client. They want to know if they should be considering life insurance and if they are even at the right age to get it. With all the different forms of insurance out there it can be difficult to sift through it all. That is why we are here to help. So, if you live around Frederick, MD, let our staff assist you with answering whether life insurance is right for you. 

Is Life Insurance Right For You

First, do you have anyone who depends on you? A spouse, a significant other, or children? If so, you need to look further into life insurance. But let’s say you are single and don’t have any dependents, what then? Well, do you have any serious outstanding debts (such as a large mortgage or student loans)? If so, those loans might be pushed off onto your parents or other relatives. Are they able to afford all of these payments if you were not around? The best option for you is to look into life insurance and find a policy that will protect both you and those you care about. Our staff here can help you identify such a policy. 

Finding The Right Life Insurance Policy For You

If you’re interested in life insurance, or if you want to know more about the different policy options available, our staff here at Wellspring Insurance Network Inc. is ready to help and address all the questions you might have. So, if you live anywhere in greater Frederick, MD you’ll want to give our staff a call. We’re happy to help address all the questions you might have. 

Commercial Insurance Facts Every Business Owner Should Know

Commercial insurance can be a complex subject, even for experienced business owners. By working with an agent from Wellspring Insurance Network Inc., you can make wise insurance choices tailored to your business’ needs. Here are some  important facts every business owner should know about commercial coverage:

Coverage Varies from Company to Company

Commercial insurance isn’t the same for every business. As a business owner in Frederick, MD, you need to assess the risks and needs of your company and select the type and scope of coverage that best protects your business interests.

Basic Coverage

Standard commercial policies offer the following basic protection for your business:  

  • Property – protects your business location, equipment, and products
  • General Liability – protects your business against accidents that may occur on your business site  
  • Business Interruption – covers essential business expenses if your company has to close due to a disaster
  • Worker’s Comp – protects your workers against injuries on the job
  • Commercial Auto – covers vehicles used for business purposes

Additional Coverage

Depending on your business, you can obtain additional commercial coverage in the form of:

  • Product liability – protects you against injuries caused by products your company produces or sells.
  • Professional liability – protects you against negligence in the services you provide.
  • Cyber liability – protects you against financial losses due to data breaches or other forms of cyberattacks.

Mandatory Coverage

If your Frederick, MD business has one or more employees, you’re required to carry worker’s comp insurance to protect them against work-related accidents.

Covered Perils

Commercial property coverage protects your business against such perils as theft, vandalism, storm damage, fire, and other disasters, excluding flooding. To protect your business from flood damage, you should purchase flood insurance. 

For information on commercial policies and costs, contact your Wellspring Insurance Network Inc. agent today.