Questions You Should Ask When Looking for Commercial Insurance

As a business owner, you probably understand the importance of business insurance. However, finding the right insurance plan can be a challenging task. To find good commercial insurance that will suit your needs, you need to do some homework. A part of this homework is acquiring as much information as you can. The best way to get information is to ask questions. Here is a list of questions you should ask an insurance agent when shopping for business insurance: 

  • What type of commercial insurance can and should I get? The types of business insurance that you want to consider include business interruption insurance, liability insurance, errors and omissions insurance, extra expense insurance, and others. 
  • What is covered by commercial insurance? Understanding what is covered by business insurance and what is not is essential. An insurance agent can always explain the details of coverage, so make sure to ask this question. 
  • How can I submit a claim? Every insurance company works differently when it comes to submitting claims. It is important to ask an insurance company to clarify this process to protect yourself from a headache in a crisis. 
  • Can I bundle my business insurance? Sometimes, you can bundle your business insurance with other types of insurance. It is a good practice because it helps you save a lot of money. Ask an insurance agent whether their insurance company offers this option. 

AFI Insurance  – Reliable and Trustworthy Insurance Company Serving Clients in Denver, CO

If you are considering getting insurance for your business, AFI Insurance is the company you should contact to receive all the necessary information. We specialize in different types of insurance, including commercial insurance as well. Do not hesitate to contact us if you have any questions or are ready to purchase an insurance plan. 

Categories of People Who Would Benefit From Life Insurance

Life insurance is something no one wants to think of, but it is one of the most important types of insurance to have. The primary purpose of this insurance is to protect dependents if the family provider passes away financially. Anyone would benefit from life insurance, but there are certain categories of people who need it most:

People Who Would Benefit From Life Insurance:

  • Breadwinners. If you are a breadwinner and your family depends on you financially, you need life insurance. It will provide income replacement, so your dependents will use life insurance to pay for their everyday expenses if something happens to them. 
  • Stay-at-home parents. Stay-at-home parents play a vital role in their families by creating a supportive environment for their children and spouses. They provide such services as childcare, preparing meals, cleaning the house, etc. These services cost a lot of money, and life insurance can cover them. 
  • Single mothers. Over 40% of children in the United States are born to unmarried women. Since single mothers are usually the only providers for their children, they should carry life insurance to protect their babies. 
  • Business owners. If you own a business, you will also benefit from life insurance that can be used to pay off your business debts. You can also use life insurance to fund your employees’ retirement plans. 

 AFI Insurance – Insurance Company in Colorado That You Can Trust

If you live in Denver, CO, or any other nearby area, and are looking for life insurance, contact AFI Insurance. You can count on our company which specializes in different types of insurance, including life insurance as well. Our experienced and knowledgeable agents will help you choose the perfect plan based on your needs and budget. We serve clients in Denver, CO, and other towns in Colorado. Please visit our website and give us a call. 

Tips to prepare your house for a storm

As the summer storm season approaches here in the Denver, CO area, it’s important to take proactive steps to ensure your home is prepared for whatever Mother Nature has in store.

Here are five tips from us at AFI Insurance that can help you get ready to face a storm:

  • Inspect Your Roof and Gutters: Make sure your roof is in good condition, and check the gutters for any blockages or debris that could cause problems during the storm.
  • Trim Trees and Remove Debris: Before the storm arrives, trim any trees near your home that could become uprooted and remove any debris around your property that could become dangerous in high winds. 
  • Take Inventory of Valuables: Make a list of all valuable items in your home so you know what needs to be covered or moved into sheltered areas before the storm hits. 
  • Prepare an Emergency Kit: Create an emergency kit filled with water, food, medical supplies, flashlights, batteries, a first aid kit, and other essentials so you’re prepared if the power goes out or access to stores becomes limited after the storm passes through. 
  • Secure Outdoor Furniture: Make sure all outdoor furniture is securely fastened down and bring anything inside that has the potential to become airborne during strong winds or heavy rains. 

By taking these precautionary steps now, you can help protect yourself and your home this summer storm season!

For more tips or to explore a homeowners policy, call us at AFI Insurance today. We proudly serve the Denver, CO area and would be happy to help you find a policy that meets your needs and budget.

Auto Insurance for Electric Cars: What to Consider

The increasing popularity of electric cars has led to a growing need for specialized auto insurance. As a trusted provider of insurance solutions in Denver, CO, AFI Insurance is here to help you understand the key aspects of auto insurance for electric cars and what factors to consider when choosing the right policy.

Electric vehicles (EVs) have unique features, such as advanced technology and high-capacity battery systems, which can impact insurance costs. Understanding the factors that influence EV insurance premiums is essential before deciding. These factors include the vehicle’s make and model, repair costs, and safety features.

Electric cars often have higher repair costs than conventional vehicles due to their specialized parts and technology. As a result, insurers may charge higher premiums for EVs. However, electric cars are known for their safety and eco-friendly features, which can help offset the increased cost. For instance, EVs with advanced driver-assistance systems or superior crash test ratings may qualify for discounts on insurance premiums.

When choosing auto insurance for your electric car, it’s crucial to consider the specific coverage options that cater to EVs. AFI Insurance offers customized policies tailored to your unique needs, providing the necessary protection for your electric vehicle. Talk to one of our knowledgeable agents to determine the right coverage and discounts applicable to your EV.

As the electric car market continues to evolve, it’s vital to understand the distinct characteristics of EVs and how they impact insurance costs. AFI Insurance, serving Denver, CO, is committed to helping you navigate the world of auto insurance for electric cars. Please get in touch with us for more information or assistance with your auto insurance needs.

Retirement Planning for the 55+ Crowd in Denver, CO

It’s never too late to start saving for retirement. Even if you are over 55 and haven’t started planning, there are still ways to ensure your golden years are comfortable and secure. AFI Insurance explains some of the best strategies available to people in Denver, CO to jumpstart their retirement savings. 

Traditional IRA vs. Roth IRA 

One of the most important things you need to decide regarding retirement planning is which type of account you should open—a traditional IRA or a Roth IRA. Both have advantages and disadvantages, so it’s important to carefully consider your options before deciding. 

A traditional IRA offers tax-deferred growth on contributions made throughout your working life. Any money you contribute will not be subject to taxes until you withdraw from the account during retirement. A Roth IRA offers no immediate tax benefits but allows withdrawals during retirement without paying any taxes. 

Maximizing Your Contributions 

Once you have chosen an account type, it’s time to start contributing as much as possible each month while still being able to cover monthly living expenses such as rent or mortgage payments, utilities, food costs, etc. Whether you choose a traditional or Roth IRA will affect how much money you can put away each month; however, both types offer favorable contribution limits that allow for plenty of financial flexibility over time.

Get Started Today

At AFI Insurance in Denver, CO, our dedicated agents can help you find the perfect retirement plan that fits your needs and goals. We specialize in helping individuals over 50 prepare for their future by offering advice on investments and insurance products designed specifically for those nearing retirement age.

What You Need To Know About Speciality Insurance

Businesses have unique needs and are often at unique levels of risk. Insurance services from AFI Insurance serving Denver, CO, and the surrounding areas can help to offset these risks. Keep reading to learn more about specialty insurance and how it can help small business owners like you.

What Is Specialty Insurance Coverage?

Specialty insurance policies are specially designed for business owners needing unique coverage. This might include coverage for high-risk holdings. If businesses deal with unusual objects or products that do not usually fall under a standard insurance policy, a specialty policy could help. This might include weapons, antiques, or other items uniquely valued.

Who Should Purchase Specialty Insurance?

If you are a business owner serving high-risk clients, you will want to consider specialty insurance. An example would be a skydiving company. Any company actively providing high-risk experiences for clients will be at an increased risk of liability for those clients.

Construction contractors are another type of business that may want to consider specialty insurance. Unfortunately, builders often get sued when things do not go as planned. Having this type of coverage in place could help to protect your business from financial hardship.

You can talk with an insurance expert to learn about specialty insurance categories to find the right policy.

Will Specialty Insurance Protect From Lawsuits?

The risk factor is that a client or customer will sue the business and that the expenses of that legal action will negatively affect the business. Specialty insurance can protect you from paying the costs that might arise from a lawsuit.

If you would like to learn about specialty insurance, please get in touch with AFI Insurance serving Denver, CO, and the surrounding areas. We will happily answer your questions and help you find the right policy.

Choose Commercial Vehicle Insurance to Protect Your Employees on the Road

As a Denver, CO business owner, you want to ensure that your employees are safe and secure while driving for work-related purposes. That’s why having commercial vehicle insurance is so important. It helps protect your employees in the event of an accident or injury and safeguards your business from expensive legal liabilities. Here’s what you need to know about commercial vehicle insurance and why it’s essential for any business with a fleet of vehicles. 

What Is Commercial Vehicle Insurance? 

Commercial vehicle insurance is a policy designed specifically for businesses using vehicles for work. This type of coverage protects the company and its employees from liability in the event of an accident or injury involving one of their vehicles. It also helps cover medical costs, property damage, and other expenses related to a company vehicle incident.  

Do you need help understanding your coverage needs? AFI Insurance can assist you in selecting a policy that is right for your business and provide expert advice to ensure you are fully protected.

Benefits of Commercial Vehicle Insurance 

Having commercial vehicle insurance can provide significant benefits to both employers and their employees. For employers, it protects against financial losses if an employee is injured while driving a company car or truck. It also helps protect against legal liabilities should an employee be found at fault in an accident while operating a company-owned vehicle. 

Employees with commercial vehicle insurance can safely operate company vehicles without fear of being personally liable if something happens on the road. Without this coverage, drivers may be responsible for costly repairs or medical bills if they are involved in an accident while using a company car or truck. 

Contact AFI Insurance today to get started if you want quality commercial auto coverage in Denver, CO.

What if I Live a Dangerous Lifestyle?

Your life insurance company will perform due diligence to assess the level of risk they undertake when they agree to accept you as a subscriber. In doing so, they must determine certain risk factors in your health and lifestyle. 

If your hobbies, for example, include skydiving, this should be divulged to your AFI Insurance representative. Your activities will not be judged on their appearance or common perceptions of their hazardousness but on the actual statistical likelihood that they could cause a life-threatening peril. Skydiving, for example, has not been found to pose a severe threat to one’s life in any significant empirical data. 

Something like this would not necessarily bar you from obtaining life insurance, but it could increase your premiums. Other recreational activities may be too risky for a company to indemnify you against. It’s important to remember that life insurance is not a legal requirement in the region of Denver, CO but is a resource people choose for its ability to convey wealth to their benefactors. 

Another category of risk comes from your occupation. Some of the most dangerous jobs include fishing, hunting, logging, piloting, roofing, construction, farming, and driving trucks. Law enforcement and firefighting also come with elevated danger. Your insurance company likely has several classes of categories they use to label various factors. They will designate you the level of risk they feel most likely suits your work and other habits to insure you properly. 

We Can Help you with Life Insurance.

AFI Insurance takes pride in serving Denver, CO with insurance products and services to meet your needs. We invite you to contact us by calling, visiting us online, or stopping in person for more information about how we can serve you. 

What Should I Do After a Car Accident in Denver?

Knowing what steps to take is essential if you’ve just been in a car accident. In the moments following an accident, you may feel overwhelmed and scared. Keeping your emotions in check and taking care of the steps can help you safely get back on the road. Here are some key things to remember if you have recently been in a car accident in Denver, CO.

Step 1: Remain Calm and Check for Injuries 

The first step is to remain calm and assess everyone’s safety. If possible, move your car to the side of the road and turn on your hazard lights. Check yourself and all other passengers for any injuries, no matter how minor they may seem. Call 911 immediately for injuries or significant property damage from the accident. The police can document details of the accident that could help in any future legal proceedings or insurance claims. 

Step 2: Exchange Information and Document Damages 

Both drivers should exchange pertinent information, such as name, address, phone number, driver’s license number, vehicle registration number, and insurance policy information, with each other at the scene of the accident. Take pictures or video of both vehicles and any further property damage sustained during the incident. Get contact information from witnesses who saw what happened before they left the scene. 

Step 3: Contact Your Insurance Company and Seek Medical Attention (If Needed) 

Once all your immediate needs are taken care of at the scene of an accident, contact AFI Insurance as soon as possible so we can start working on your claim immediately. If anyone was injured, seek medical attention as quickly as possible. It could affect your claim if you delayed seeking medical attention, even if you thought the injuries were insignificant.             

Don’t wait until you have an accident in Denver, CO to get the proper coverage. Contact AFI Insurance for peace-of-mind protection against life’s unexpected events.

Does home insurance cover my work-from-home office?

Many companies now encourage their employees to work remotely from home. But what about your home office space and all your work equipment? Is it covered by your Denver, CO home insurance policy? AFI Insurance discusses what you need to know when protecting your work-from-home office. 

What is Covered? 

In most cases, your home insurance policy will cover the property in your home office, such as computers, furniture, and supplies. However, there are some limitations on what is and isn’t covered. For example, suppose you have expensive electronics like a professional camera or high-end audio equipment that you only use for business purposes. In that case, your regular policy may not cover these items. In this case, you may need to purchase additional coverage to ensure they are protected. 

Business liability insurance coverage is critical if you are interacting with customers regularly. It can provide protection if someone slips and falls in your home office or if something happens to damage another person’s property while you are working from home. 

Will My Rates Increase? 

The cost of covering the contents of your work-from-home office may cause a slight increase in your premium rates depending on how much coverage you need. However, it’s important to remember that having the right level of protection can save you money in the long run if something unexpected happens while you’re working from home.

If you work from home in Denver, CO, it’s essential to ensure that you and all your belongings are adequately protected. Do you still have questions? Contact AFI Insurance today – we’re here to help.