Do all business owners need commercial insurance in Denver?

The Denver, CO area has continued to be one of the faster-growing metro areas in the country. Along with this, it can be a great place for people to own a business as the growth and consistent flow of visitors could result in a lot of opportunities. If you would like to start a business here, you do need to evaluate your insurance needs. There are several reasons that you should get commercial insurance here.

Insurance is Often a Requirement

One reason that you may need to get commercial insurance in this area of Colorado is that it could be a requirement for you. If you are a business owner, taking out a loan or raising outside capital is often a great way to build and grow. While this can help your business, those that do raise capital will find that they have specific insurance needs as well. Any lender or investor will have insurance requirements for the business to meet. 

Insurance Offers Valuable Coverage

Even if your company is not required by an investor or lender to carry commercial insurance, you should still get it. With a full commercial insurance policy, you can be protected a range of different ways that could keep your company solvent. This protection can include coverage to ensure that your business assets are protected and liability risk is mitigated. 

As you are looking for a commercial insurance policy in the Denver, CO area, you should call the team at AFI Insurance. When you reach out to AFI Insurance, you can learn a lot more about the different forms of insurance that you have to choose from. This can then make it easier for you to get into a policy that will properly protect your organization. 

Why should I get life insurance?

Anyone that lives in the Denver, CO area needs to spend time thinking about their insurance needs and options. One important form of coverage that all people should spend thinking about is life insurance. There are many benefits and advantages that come with life insurance, which can continue to make it a good investment for you. 

Provides Coverage to Dependants

The main benefit that will come with life insurance is that it can provide coverage to your dependents. If there are people in your life that depend on you and your income, you should make sure that you are prepared for the unexpected. If you are to pass away, you will want to ensure they have the ability to live the same lifestyle and major costs are covered. A great way to do this is with a personalized life insurance plan as it will pay out a benefit if you were to pass away unexpectedly.

Coverage Can be an Investment Tool

Additionally, life insurance could be a good investment tool. If you were to get a whole life policy, some of your monthly premiums will build up in an account and accrue interest. In the future, you could close this account out and liquidate the cash value. 

When you are going to get a new life insurance policy in the Denver, CO area, you will want to make sure that you are properly evaluating all of your options. Since this can be a complicated form of insurance coverage to understand, you should speak with the team at AFI Insurance. If you do call AFI Insurance, you can learn a lot about the different options available to you. This will help you pick a new policy that is right for you and meets all of your needs. 

5 Benefits Of Specialty Insurance

Based in Denver, CO, AFI Insurance serves the community through offering residents different types of insurance coverage. We are committed to helping our clients find the policies that they are looking for in order to protect their investments.

Specialty Insurance

Having the necessary insurance to meet the demands of everyday life is very important. Specialty insurance allows you to cover some of your most valuable possessions outside of traditional insurance coverage. If you have a unique vehicle or enjoy special hobbies, specialty insurance will ensure that you are covered while you enjoy those activates. Here is a look at some of the different ways that specialty insurance will cover you.

Protects Your Boat

If you enjoy spending time by the lake in your boat, you will be covered. Specialty insurance will help protect your boat in the event that it is damaged or vandalized. You may also receive emergency assistance in the event that your boat suffers engine failure.

Covers Your Motorcycle

If you are one of the many residents in Denver, CO who enjoys riding motorcycles, specialty insurance will help ensure that you are protected. You will be covered in the event that you are involved in a collision.

Protects Your ATV

ATVs are very powerful vehicles. There are always risks involved every time that you operate a high powered vehicle. Specialty insurance will ensure that you are protected in the event of an accident.

Travel Safely In Your RV

For many people, their RV is like a second home. If you enjoy traveling around the Rocky Mountains, specialty insurance will help ensure that your vehicle is protected in the event that an unforeseen circumstance arises.

Cover Your Snowmobile

Operating a snowmobile during the winter in Colorado is a very popular hobby. Specialty insurance covers you and your snowmobile while you are having fun.

AFI Insurance Will Help You Find The Right Policy

For more information on different types of specialty insurance policies, visit our website today!

Financial planning insurance myths that you should know

Having a solid financial plan may sound like it is for those banking billions across Denver, CO and are not sure how to use them. Or that young couple that hopes to get a better life when the kids are out of diapers–wrong. Financial planning is for anyone earning a living. That is why AFI insurance recommends accompanying your financial dreams with financial planning insurance, which will protect your interests.

If you have never considered having a sound financial plan, maybe you have heard a  few myths from people. They include:

It is only for the rich.

Who said? You don’t need to earn millions to start planning your finances or buy financial planning insurance. As long as you have financial responsibilities and are earning an income, you are already eligible to have a financial plan. You won’t have to worry about losing because there is coverage to cushion you.

I will start when things cool off.

You will wait and wait and wait because life really never settles down. The earlier you start planning your future or your retirement, the better your chances of achieving your goals and navigating through the challenges that will come up.

It is time-wasting

Many people tend to believe that their financial plans won’t help. This is not only a negative approach to finances but can also be detrimental to your mental health. It mostly happens when you set unrealistic goals that you may not be able to achieve in the set duration. You end up blaming yourself for failing to achieve and call it a waste of time.  Financial planning can only be a waste of time when it is not well-planned, and when you don’t have coverage to back you up.

Don’t wait till the millions start trickling in; buy financial insurance, and safeguard your finances. AFI insurance is here to take you through the complicated journey of finances. Feel free to contact us or visit our Denver, CO today!

What You Should Know About Financial Planning Insurance

Financial planning often brings on thoughts of the future and a bit of anxiety if we are being honest. Financial planning does not need to be an anxious topic, though. At AFI Insurance, serving Denver, CO we love taking the opportunity to better educate our clients on these important topics. Keep reading to learn about financial planning insurance and how it can help you plan for the future. 

What is Financial Planning Insurance 

Insurance of all types is an important part of your financial plan. However, when people speak about financial planning insurance, they are often talking about whole life insurance policies. A whole life insurance policy is a type of life insurance that can build cash value over time. After the third year, the policy begins to build cash value. At any time, you can take out a loan on the cash value of the policy. Many people like to think of this as a supplement to their other forms of retirement savings. 

The best way to make this method work for you is to establish this policy early in life. This gives the cash value more time to build. Cashing out the money also has certain tax exemptions making it an appealing form of retirement supplement. 

The Role of Insurance in Financial Planning

In addition to using whole life insurance as a supplement to retirement, it is also important to remember that all of your insurance coverages are a vital part of any long term financial plan. Your financial security and the financial security of your family can be greatly affected by an accident or a death. Having sufficient insurance in place will safeguard your financial security so that these events do not leave you financially vulnerable. 

If you would like to learn more about insurance and financial planning, please contact our staff at AFI Insurance serving Denver, CO. 

When Should Someone Get Specialty Insurance?

Most people are aware that they need to have home, auto, and other forms of insurance coverage to provide valuable insurance protection. While having these base policies is very important, there are often other forms of insurance coverage that could be needed to ensure they are appropriately protected. One form of insurance that someone may need is specialty insurance, which broadly covers a variety of forms of insurance that are more unique. Specialty insurance could include coverage for a classic car or recreational vehicle or home insurance that protects against specific risks not covered by the base policies. There are several forms of insurance that someone would need this coverage. 

Protects Assets

One of the main benefits of a specialty insurance policy is that it can protect your valuable asset. Your insurance policy can provide you with coverage to repair or replace your specialty assets. It could also give you coverage to repair your home if it is covered by a specialty policy. 

Liability Protection

Another benefit of getting a specialty insurance policy in Denver, CO is that it can provide you with liability protection. Anyone that takes out an insurance policy will receive liability coverage if they cause an accident while using the asset covered under the specialty insurance policy. This could help to keep you solvent if you cause a serious accident. 

If you would like to get a specialty insurance policy, you should speak with the team at AFI Insurance. Specialty insurance is a very unique form of insurance coverage and having someone to work with that understands it is very important. The team at AFI Insurance will help those all over the Denver, CO area to better understand the benefits that come with this form of insurance. This will ensure that you receive appropriate coverage.

Mistakes To Avoid When Researching Commercial Insurance Policies

AFI Insurance serves the Denver, CO community by offering multiple insurance policies. We have established partnerships with multiple carriers to ensure that our clients find the coverage that they are looking for.

Commercial Insurance

Commercial Insurance allows business owners to protect their investment. You can add different types of coverage to your policy to protect your business’s property, as well as your businesses’ vehicles. You can also add liability coverage so that you are protected regardless of any risks that arise. While researching different commercial insurance policies, be sure to avoid some of these common mistakes.

Failing To Read Over The Entire Policy

Read over the entire policy before you move forward. That way you can ask any questions that you may have and voice your concerns before you agree and sign. Try to avoid scenarios where you are not familiar with the language in the policy and it comes back to haunt you.

Not Thinking About Your Customers And Vendors

Before you agree to a policy, think about the services that you provide to your customers, as well as the vendors who rely on you. Look for a policy that allows you to meet the needs of everyone involved with your business.

Failing To Emphasize Workers’ Compensation

Having a Workers’ Compensation policy is extremely important to the overall health of your business. It ensures that you are committed to the best interests of your employees.

Not Thinking About Potential Losses

At any time, disaster could arise and your business suffers damages. While your business is recovering, you may be at risk of suffering huge losses. That’s why it is important that you add some type of income coverage to your policy.

AFI Insurance Can Help

To receive assistance while researching commercial insurance, stop by our office in Denver, CO. We will help you find the right plan for your business.

What is Life Insurance?

Life insurance is one of those forms of insurance you’ve likely heard of but may not know much about. Even if you have heard of life insurance and know the basics it is a good idea to develop a basic foundation of knowledge regarding what it is and whether it is right for you or not. If you live around greater Denver, CO and have questions regarding life insurance, our staff here at AFI Insurance is here to assist you. 

What Is Life Insurance?

Life insurance is designed to provide for your family or significant others after you are gone. With life insurance, you will select a set amount you want the insurance policy to be. This might be a quarter of a million, a million, somewhere higher or lower. You will then pay a monthly amount into your life insurance policy. This amount will gain interest as it is held by the insurance provider. When you pass on the beneficiary will then collect the life insurance after filing a claim with the insurance provider. 

There are a handful of life insurance policy options. These will vary depending on when someone dies, the overall value, and also if the policy can be cashed in prior to the death of the policyholder. Make sure to ask us all questions you might have. 

Finding The Right Life Insurance Options

If you still have questions or want to know more about life insurance, our staff at AFI Insurance will be happy to help you out. When living in greater Denver, CO we will proudly serve you, address your concerns, and give you all the information you need to decide whether life insurance is right for you and if it is something you should pursue. So, give us a call at your earliest convenience. 

Who Should Consider Financial Planning Insurance?

Planning for the future can be complex and carries risks in some cases. Financial planners and others who work in similar fields are often at risk of having liability claims as a result of their planning actions and advice. Having financial planning insurance is the best way to create a layer of protection.

Financial Planning Insurance

Anyone who advises clients, or has an interest in their investments, should have financial planning insurance in place. This coverage is designed to protect the policyholder from liability claims that are related to client losses that may have happened either directly or indirectly as a result of the financial planner’s advice or actions. Unfortunately, investment is never completely predictable and a volatile market can create heave losses that couldn’t be foreseen by those in the business. This insurance will help prevent personal losses as a result of professional actions. 

Top Quality Coverage Options

Those who are currently interested in purchasing financial planning insurance should work with a reputable, knowledgeable insurance company with agents who have experiences and can offer insight. People who are working in Denver, CO can count on AFI Insurance to provide all of their current professional insurance needs. The agents can work closely with you to assess your risk and then offer ideal coverage options. Additionally, if there is a claim in the future, they can also help submit information and documents to help the process along. 

Those who work in the financial planning industry need reliable insurance that can offer adequate protection from liability. Call or stop by AFI Insurance, serving Denver, CO, to find out more details or for answers to questions regarding insurance coverage. 

Who Is Specialty Insurance for in Denver?

When you already have a variety of insurance policies, such as home, auto, and health, it’s easy to wonder why you would need additional insurance on top of what you already have. If you live in Denver, CO though, it may help to at least understand more about what specialty insurance is and who it’s meant for. AFI Insurance is here to give you the basics so you can decide for yourself. 

A Broad State of Coverage 

Specialty insurance is for a specific event, but that event can be nearly anything you can think of. For example, you may use it to cover your home’s roof because you already know it’s aging and you don’t want to pay your full deductible. Or you may choose to get a specific item covered, such as a diamond ring or a snowmobile. Different carriers will offer different kinds of specialty insurance, you may need to check with your policy writer to find out more about what’s available to you. 

Think About It 

The best thing that you can do to decide whether or not you want specialty insurance is to think about the events that you would specifically like to avoid. Whether it’s a liability lawsuit, the theft of a certain object, or the destruction of your property, this can help you figure out if specialty insurance is worth it for you. 

Taking Action 

Part of protecting yourself in Denver, CO is not necessarily buying all the insurance in the world, but simply knowing when coverage is useful and when it isn’t. If you have any questions about how to keep yourself out of trouble, contact AFI insurance today to see how we can help.