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3 Reasons to Study Your Commercial Insurance Policy

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Commercial insurance is legally required for any business owners who have employees, and it should be a necessity for everyone who owns their own enterprise. If you haven’t taken a look at your policy, it may be time for you to reconsider how you spend your time.

You May Be More Liable Than You Think 

From customer injuries to lost wages, if an employee misses work from an injury, you may be a lot more liable than you think for things that happen at your business. The better your policy is, the more likely it is you won’t have any problems later on down the road. Employee injuries and faulty products can be unexpected causes of lawsuits, and this is where commercial insurance can come in hand.

Litigation Is a Nightmare 

Even if you have basic coverage, you will likely have limits for that coverage on your policy. Just one lawsuit can spell disaster for a company, so it helps to have all the precautions in place. M8 Insurance in Salt Lake City, UT has helped plenty of businesses navigate the complicated waters of the justice system, ensuring that businesses have the support they need to make it through without being harmed. 

You Should Be Informed 

Studying an insurance policy is not how any business owner wants to spend their day, but it can provide a lot of peace of mind. Give M8 Insurance a call if you want a little help going over the documents. We can tell you what you should look for and what you can skip. It’s our job to make sure you not only have the right coverage but that you also understand how that coverage works in a real-life event. Visit us today if you live in Salt Lake City, UT or give us a call if you live outside the state of Utah!

Auto Insurance for Your Teenage Driver

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Learning to drive is the ultimate teenage goal. When a young driver gets their learner’s permit or license, they are eager to explore the limits of their new skill.

According to the CDC, drivers between the ages of 15 and 19 accounted for 11% of all vehicle accidents in 2013. These numbers can make buying car insurance for your new driver pricey. However, insuring your teen is a requirement in most situations. Use these tips to keep your child safe on the road with less impact on your monthly payments.

Buy Smart

  • If you’re buying a car for your teen, choose a model that is at least 4 years old. Less expensive cars usually cost less to insure.
  • Load up on safety features. Stability control, anti-lock brakes, air bags, and back up mirrors are some of the features that can positively impact your payments.
  • It may be cheaper for your teen to have their own policy. An M8 Insurance agent in Salt Lake City, UT can help you decide if this the right choice for your family.

Education is Key

  • Driver’s education and safety classes teach tactics that reduce risky behavior behind the wheel. Successfully completing a driver’s course can earn you an auto insurance discount.
  • Need another reason to encourage good study habits? High academic performance shows a sense of responsibility that can cut your payments.
  • Have your teen sign a safe driving contract. Insist on seat belts, no cell phones, and a limit on passengers. Establish consequences for violations. These small infractions can have a big impact on insurance rates if they’re caught in the act.

You may have other options available to provide security to all the drivers in your household. Contact the experts at M8 Insurance in Salt Lake City, UT to learn more ways to protect your family while on the road.

What Homeowners in the U.S. Need to Know about Home Insurance

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There are a lot of home insurance options available to home owner’s located all around the United States and finding the right one for your needs can be confusing. M8 Insurance is here to provide the necessary assistance in researching the available policies and working with you to ensure that you and your family have the insurance coverage that you require. M8 Insurance in Salt Lake City, UT is proud to serve the great people of the U.S.!

What type of coverage do you need?

When choosing home insurance, be sure to consider your belongings. In addition to the exterior structure of your home and any outbuildings, you will want coverage for damage to any of your belongings that may occur during a catastrophic event. Your agent can also discuss options such as coverage of periods of displacement if damage causes your home to become uninhabitable. Working with one of the M8 agents will help you to get the coverage your family needs.

Do you need a rider with your policy?

Many insurance policies have a limit on the amount of coverage they will provide for one item, such as a piece of jewelry or fine art. Your agent can go through your inventory with you to help you determine if a personal articles rider is required. Other items that may need their own rider are items such as diamonds, expensive electronics, and elaborate sporting equipment, to name a few.

Please give M8 Insurance in Salt Lake City, UT a call today, or even better, stop by and talk with one of our helpful agents. We want you to have the peace of mind that comes with knowing you and your family are covered!