Commercial Insurance Modifications for Changes in Your Business Plan

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Are you planning to modify your existing business plan? If so, you might also want to consider updating your commercial insurance policy.

Upgrading Your Commercial Business Plan

The changes you’re considering could significantly alter your business operations and potentially add considerable value to your establishment. Ensuring you have adequate insurance protection will safeguard your business against unforeseen events like natural disasters, theft, or vandalism.

Adding New Structural Materials

Modifications to your business plan might include installing new structural materials, such as upgrading the roof or flooring. These changes will require a significant amount of new materials.

Including these materials in your commercial insurance policy will protect you if they are damaged. For instance, if inclement weather damages exterior siding, shingles, or other structural components, your insurance coverage may cover the cost of repairs or replacements.

Commercial Liability Risks

Modifying your business plan could increase your liability risk. For example, investing in new equipment might increase the risk of injuries. Additionally, the new equipment could also heighten the chances of physical damage. If equipment malfunctions, it could disrupt your daily operations.

Having adequate liability protection can cover any expenses you might incur due to an accident.

Insurance Consultation

Consult with one of our H & R Insurance Group LLC agents. An agent serving Portland, OR, will discuss your new business plan with you. They will identify risk factors that may require additional commercial insurance coverage. Once you choose the right amount of coverage, your commercial insurance policy will be updated accordingly.

Home Insurance: Are Smart Home Devices Covered?

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With homes implementing smart devices in the modern day, it’s essential to understand if they are covered under home insurance. Home insurance covers many extra additions to your home, but not all will include smart device coverage. That’s why chatting with an agent is important to determine if your smart devices are covered. Our agents at H & R Insurance Group LLC in Portland, OR, can help you understand if your plan includes coverage for smart home devices.

What Smart Home Devices Are Often Covered?

If your home insurance plan covers smart devices, you’ll need to check which ones are covered. Policies often only cover either personal property or permanently installed devices. Personal property often includes smart devices such as Amazon Echo, smart plugs, thermostats, and cameras. Installed devices include smart doorbells, locks, security systems, and lighting.

Coverage Considerations

While policy plans differ, some elements must be considered when selecting a plan. Coverage falls under damage causes, which means fire, theft, and vandalism. However, this does not cover earthquakes or flooding. Smart home device coverage will have a set deductible, which may be smaller than expected. Any devices that require a subscription are not included. 

Some home insurance plans offer discounts if you install devices that reduce insurance risks. Devices such as detectors and security systems can count towards a discount. They often offer this because they can prevent further damage or issues to your home before they happen.

Call Us Today

If you’re in the market for a new home insurance plan or want to switch so that your smart devices are covered, we can help. Our Portland, OR offices have qualified agents who can help you find a good plan for your home. Call H & R Insurance Group LLC; we’ll gladly assist you.

Does Auto Insurance Cover Extensive Rain Damage in Portland, OR?

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If you’re new to the city of Portland, OR, you might be surprised by the amount of rain the city gets. While Portland’s rains are typically known for adding to the city’s charm, extensive rainfall, thunderstorms, and natural disasters can cause havoc on streets, automobiles, and homes.

If you’re unsure whether you have sufficient coverage to protect your vehicle from rain-related damages, review your current auto insurance policy or consult with a trusted agent at H & R Insurance Group LLC.

What Kind of Rain Damage Can Happen to My Vehicle in Portland?

Excessive rainfall can lead to a host of costly issues, which can include some or all of the following:

Vehicle Flooding: Flooded streets can cause engine damage and harm to internal electrical systems.

Hydroplaning: Persistent rainfall can leave streets flooded and increase the risk of drivers losing control as they try to navigate waterlogged roads and highways.

Water Leaks: Nonstop rain can cause water to leak into your car through cracks and unsealed openings, damaging its interior and electrical systems.

Mud and Debris Damage: The aftermath of devastating and long-lasting rainstorms can include mud and debris that submerge, scratch, or otherwise damage your vehicle.

Protect Your Vehicle from Non-Collision Related Damages in Portland, OR

Investing in a comprehensive insurance policy is the best way to ensure adequate coverage from torrential downpours and other natural disasters. Speak with a trusted insurance agent to learn more about how a comprehensive auto insurance policy protects you from weather-related events, collision-related events, non-collision-related events, and other covered perils.

At H & R Insurance Group LLC, agents are standing by to answer your most pertinent questions and provide you with a customized auto insurance quote.

I have a small online business. Do I need commercial insurance?

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Most would agree that businesses can vary greatly in scope, size, and type. As a result, it can be not easy to know what forms of coverage might be best for a business owner. Fortunately, commercial insurance is designed to meet the unique needs of any business. This is why the types of coverage and coverage levels vary from one business to the next. Our Portland, OR team at H & R Insurance Group LLC knows that understanding commercial insurance can be daunting. This is why we take pride in having a team dedicated to meeting all our business owners’ unique needs.

What is commercial insurance?

Commercial insurance, also known as business insurance, simply protects against financial losses in the form of liability coverage, injuries, crime, property damage, and even events that interrupt the running of a business. There are also forms of coverage unique to specific business needs that a business owner can invest in. For example, if your business uses vehicles, commercial auto insurance can also be included in a commercial insurance policy.

I have a small online business. Do I need commercial insurance?

Protecting your business in some form or fashion is always a good idea. Commercial insurance is that layer of protection that can keep your business healthy and running. Even as a small online business owner, some situations and circumstances can affect your business adversely. If you sell items, you could be sued by a customer. However, other situations affect online businesses. Consider data breaches and any number of other scenarios that could negatively impact your business. Essentially, if you can be sued, you should carry commercial insurance. Commercial insurance is bundled insurance in that it provides many forms of coverage under one policy. It can be designed to meet the unique needs of your particular business. If you are interested in protecting your business, call us. We’d be happy to help you explore your options.

How to Prepare Your Home for Insurance Inspections

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Getting ready for a home insurance inspection doesn’t have to be stressful. At H & R Insurance Group LLC in Portland, OR, we want to help you feel confident and prepared. Here’s a simple guide to ensure your home is inspection-ready.

Tidy Up Your Space

A clean and organized home creates a positive impression. Take some time to declutter and tidy up your property’s interior and exterior. This will not only make it easier for the inspector to do their job but also highlight the care you put into maintaining your home.

Check for Safety Hazards

Inspectors will be looking for potential safety issues, so it’s a good idea to address these beforehand. Ensure smoke detectors are working, handrails are secure, and pathways are clear. Simple fixes can make a big difference in the inspection outcome.

Document Recent Upgrades

Have documentation ready if you’ve made any recent upgrades or renovations, such as a new roof or updated plumbing. This information can positively impact your coverage and premiums by showing the steps you’ve taken to improve your home’s condition.

Review Your Policy

Before the inspection, review your current insurance policy. Understanding what’s covered and what might need additional attention will help you prepare and ask informed questions.

Be Present and Engaged

Being available during the inspection allows you to answer any questions the inspector might have and learn about any areas that may need improvement.

Preparing for a home insurance inspection is straightforward with a little planning. For more tips or to discuss your coverage, contact H & R Insurance Group LLC in Portland, OR. We’re here to help you every step of the way.

How to Minimize the Chances of Your Car Being Stolen

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Car theft is a valid concern for every vehicle owner. However, you can take several steps to limit this risk. At H & R Insurance Group LLC in Portland, OR, we’re eager to share practical tips to help keep your vehicle safe.

Careful Parking Can Make a Difference

The spot where you park can significantly impact your vehicle’s safety. Always prefer well-lit and busy areas where thieves are less likely to operate unnoticed. If you own a garage, use it to safeguard your vehicle not only from theft but also from potential weather-related damage.

Secure Your Vehicle Intelligently

Always lock your doors and close your windows upon leaving your car, even if it’s for a few minutes. Avoid leaving valuables visible, as this makes your vehicle an attractive target for thieves. Instead, stow them in the trunk or take them with you.

Invest in Safeguards

Consider incorporating additional safety measures like an alarm or steering wheel lock. These enhancements can deter thieves and even entice them to choose an easier target. Also, some insurance companies may offer discounts for cars equipped with certain security devices.

Key Management Matters

Never leave your car keys in the vehicle; be mindful about storing spares. Hiding a spare key in or on your car can be counterproductive. Seasoned thieves know to look for these, so keeping your spare keys at home is safer.

Implementing these steps significantly reduces the risk of car theft. For more helpful tips or to discuss your auto insurance needs, contact H & R Insurance Group LLC in Portland, OR. Our goal is to help protect you.

Are Businesses Required To Carry Workman’s Compensation?

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Many companies carry worker’s compensation insurance. This insurance helps cover the costs of getting injured on the job. For example, the company is often liable if someone falls on the job without a wet floor sign. Workman’s compensation will cover the cost of disability if the person can no longer work, even temporarily. It can also cover medical expenses. However, the laws and regulations often vary depending on the state. 

Oregon Laws

Many states require companies to offer worker compensation. However, companies in Portland, OR, can also be self-insured. According to state law, you don’t have to carry workman’s compensation insurance as long as you are self-insured and your insurance covers the same things. Self-insured businesses must work with their insurance company, like H & R Insurance Group LLC, to determine if they meet state worker compensation guidelines. 

Law Exceptions

There are certain exceptions to this law. Companies are not required to carry worker’s compensation on independent contractors. Family member business owners and others who own a large portion of the company may not be eligible for worker’s compensation claims. If you hire people as independent contractors instead of employees, you are not responsible for their injuries like an employee. Working with a knowledgeable insurance agent is crucial to ensure your company complies with the law in Portland, OR. 

Contact H & R Insurance Group LLC

Companies who fail to provide workman’s compensation can face fines. Businesses are still responsible for the lost wages, medical expenses, and the overall cost of injuries, even if there isn’t insurance to pay the bill. Employees can, and often do, sue the company to cover these expenses. Working with an experienced H & R Insurance Group LLC agent can ensure you comply with the law. Contact us for more information today. 

Types of Homeowners’ Insurance

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If you’re a new homeowner, buying homeowners insurance for the first time can be daunting. If you’re located in Portland, OR, and need homeowners’ insurance, our expert team at H & R Insurance Group LLC is ready to answer all your insurance-related questions. With over 30 years of experience serving local clients, we are prepared to cater to all your insurance needs.

A comprehensive homeowners’ insurance policy typically has six parts. The first type of homeowner’s insurance, Homeowner’s Insurance A, is commonly referred to as dwelling insurance. In the event of your home’s destruction, your dwelling insurance will cover the cost of replacing the home’s structure following a qualifying incident.

Other Types of Insurance

If you’re unable to reside in your home due to damage, you’ll utilize a type of insurance called Loss of Use. Many homes have additional structures on the property, like a garage or gazebo. These structures will be protected under Other Structures Insurance. Your home contains myriad personal belongings that will be safeguarded under Personal Belongings Coverage.

Liability Insurance is essential to cover the expenses of someone injured on your property or iiftheir personal property is damaged. This category of insurance covers you if someone sues you. If they incur injuries on your property, even if it’s not your fault, their medical expenses will be covered under Medical Expenses to Others coverage.

Consult with Us Today

Homeowners in the Portland, OR, area have found our team to be responsive and professional consultants. Our extensive experience can help clarify how different types of homeowners’ insurance relate to your unique situation. At H & R Insurance Group LLC, our licensed agents are eager to talk to you. Call us for an appointment today, and let’s find the right insurance solution for you.

The Role of Maintenance Records in Auto Insurance Claims

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Maintenance records play a pivotal role in auto insurance claims in and around Portland, OR. They document the vehicle’s history and can indicate if negligence has contributed to accidents or injuries.

Establishing Vehicle Maintenance History

Maintenance records present a detailed history of the vehicle’s care and upkeep. This includes routine services, repairs, and inspections performed by certified mechanics or service centers.

Demonstrating Vehicle Condition

Detailed maintenance records serve as tangible proof of the vehicle’s condition before an incident. They reveal the vehicle’s mechanical integrity and performance, which could have contributed to the claim event. This information assists insurers in evaluating the vehicle’s pre-existing condition and any potential impact on the claim.

Supporting Claims for Comprehensive Coverage

Maintenance records can confirm the vehicle’s overall condition and value in comprehensive coverage claims cases—such as theft or vandalism. Insurers may utilize this data to verify the vehicle’s worth and assess the required compensation or repair coverage. Comprehensive maintenance records improve the precision and legitimacy of insurance claims made under such circumstances.

Enhancing Safety and Reliability

Regular maintenance enhances vehicle safety and reliability while decreasing the possibility of accidents or mechanical failures. Insurance providers may look favorably upon vehicles with consistent maintenance records, potentially influencing premium rates or coverage conditions. A well-maintained car signals lesser risk, leading to more favorable insurance outcomes.

Facilitating Claims Processing

Maintenance records can speed up assessments and decision-making in the claims process. Insurers can promptly review documented maintenance to validate claims and determine coverage eligibility. This efficient process minimizes delays and ensures swift claim settlements, which is beneficial for both policyholders and insurers.

H & R Insurance Group LLC Helps Guide You

H & R Insurance Group LLC is here to guide you and demonstrate how auto insurance can offer long-term savings. Our team serves the Portland, OR area. Contact us today.

Three Kinds of Commercial Insurance Your Business May Need

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It is crucial to have the appropriate types of insurance when running a business. Numerous commercial coverage options exist to shield your business from various types of risks. To figure out the specific commercial insurance policies your business requires, consult with an insurance agent. Feel free to contact us at H & R Insurance Group LLC in Portland, OR.

Workers’ Compensation

Workers’ Compensation is an essential form of commercial insurance required by any business with employees. In Oregon, every business with one or more employees must have it. It is crucial to protect your business against the substantial costs of medical treatments should any worker get injured.

Professional Liability

Professional Liability insurance is a necessity if your business depends on providing expertise to your clients, as with doctors treating patients. This insurance safeguards you if your advice or service is incorrect or otherwise negatively impacts your clients. Professions such as lawyers, accountants, and any other, depending on your expertise, should consider this coverage.

Commercial Auto Insurance

All vehicles owned by your business must comply with commercial policy. This ensures legal compliance and provides the protection you need against accidents. The policy won’t be honored if a personal policy covers a business vehicle and an accident occurs during work tasks. This would leave all subsequent repair and medical bills to your company. It is crucial to always ensure that this policy covers your vehicles.

Acquiring Commercial Insurance

We can help you obtain the appropriate insurance policies for your business. Contact us at H & R Insurance Group LLC in Portland, OR.

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