Builders Risk

Auto Gap

Liquor Liability Insurance in Covington, GA

Serving and selling alcohol can be a lucrative and integral part of many businesses’ operations. Companies in the hospitality, entertainment and retail sectors may all attribute a significant portion of their revenue to these products. However, the sale, consumption and distribution of alcohol also involve potentially high risk levels, making liquor liability insurance a necessity.

What Is Liquor Liability Insurance?

Liquor liability insurance comprises various financial protections and coverages focused on limiting potential out-of-pocket losses for incidents involving alcohol. While exact coverage details may vary, a liquor liability insurance policy typically provides businesses with assistance in responding to the following situations:

• Bodily injury liability—If a guest becomes intoxicated and causes harm to others, liquor liability insurance may help businesses manage financial repercussions.
• Property damage liability—If an overserved guest damages someone else’s property, such as while driving drunk, this coverage may offer financial protection.

In addition to potentially covering direct costs and losses related to intoxicated customers, liquor liability insurance may also render aid for legal expenses should a policyholder be named in a resulting lawsuit.

How Much Is Liquor Liability Insurance?

The following factors typically determine liquor liability insurance rates:

• Location
• Industry
• Percentage of total sales earned via alcohol
• Deductible
• Claims history
• Coverage limits

Is Liquor Liability Insurance Important?

Any business with operations that regularly include alcohol should consider purchasing liquor liability insurance. In some cases, coverage may even be legally required, meaning that failure to secure an appropriate policy could have significant legal repercussions. Given these stakes, responsible companies should conduct their due diligence to secure adequate coverage.

We’re Here to Help

At Lord & Associates Insurance Agency, our team is eager to help businesses in the Covington, Georgia, area understand and address their coverage needs. Contact us today to learn more about your options or to get a personalized liquor liability insurance quote.

Life and Health Insurance

Accidents and illnesses can happen unexpectedly and lead to serious health problems. Whether circumstances leave you fighting for your life or with a long recovery road ahead, if something happens to you, it’s critical to have proper insurance coverage to take care of yourself and your loved ones.

What Is Health Insurance?

Health insurance is an essential coverage that can help you access doctors and hospitals, and pay for medical expenses, such as prescriptions, treatments and preventive care. There are many different options when it comes to health insurance plans, such as the following:

• Individual
• Family
• Group health
• Vision
• Dental
• Disability
• Long-term care (LTC)
• Medical spending accounts (e.g., health savings accounts, flexible spending accounts and health reimbursement arrangements)

Health insurance plans can be adjusted or augmented to take into account your budget and medical needs.

What Is Life Insurance?

In the event of your death, life insurance can assist survivors with various expenses. This coverage provides a predetermined sum of money to the policy’s beneficiary, which may be essential for keeping your family and loved ones afloat financially after your death.

The two most common types of life insurance are:

• Term life insurance—This kind of policy only provides coverage temporarily. Your insurance will include protection during a specific period and will be paid out if your death occurs during that time.
• Permanent life insurance—This coverage remains active throughout your life and will pay out the full amount as long as you continue to pay your premiums. In addition, these policies accumulate cash value, meaning it may be able to provide a gradual source of income to the beneficiary.

While term and permanent life insurance are the most common policies, there are others that our agency can help you explore.

Protect Yourself With the Right Coverage

Even people in good health can be blindsided by an unexpected accident or unforeseen circumstances. In these situations, the right health and life insurance policies can provide your family with financial stability and peace of mind. Contact Lord & Associates Insurance Agency today to receive a quote and learn more.

Term Life Insurance

Life insurance can help ensure the monetary needs of your loved ones are protected after you die. The type of life insurance and how much you choose is personal; however, term life may be coverage worth considering. Work with an agent today to learn more about term life insurance and determine whether it’s right for you.

What Is Term Life Insurance?

Term life insurance is coverage you choose for a set number of years, such as 10, 20 or 30, which is referred to as the policy’s term. Term life insurance is sometimes called pure life insurance, as it only provides the guaranteed death benefit and does not feature a savings component.

Your term life policy can provide a death benefit to your named beneficiaries if you die during the policy’s term. If you do not die during this time, the policy doesn’t pay out and expires when the term ends. At the end of the term, you can choose to renew or reapply for a policy, allow the policy to terminate, or inquire about your options for converting the policy into a whole life policy.

How Much Life Insurance Coverage Do I Need?

Determining how much life insurance coverage you should purchase is entirely up to you, and can be complex. Some people choose to buy enough life insurance to cover the costs of their debts, such as mortgages or car payments. If you die while these debts are still outstanding, your beneficiary may use the money to settle these expenses. Other people purchase enough coverage to cover a certain number of years’ worth of their income to their beneficiaries.

If you purchase a term policy to protect your family, you must understand if your family’s life insurance needs may change before the term expires. For many people, this can mean the kids will be grown and on their own, the house will be paid off, and you may want to leave some money as a safety net for your surviving spouse. Work with an agent to determine what amount of coverage is right for you.

How to Get Life Insurance

Your decision to buy a term policy should be guided by your specific situation and what matters to you.

If you need term life insurance, we’re here to help. Give Lord & Associates Insurance Agency a call to get started.

Mobile Home Insurance

If you own a mobile home, having insurance coverage is essential. Like any home, mobile homes are vulnerable to various accidents and other incidents. Mobile home insurance can provide a layer of protection against the unforeseen, such as burglaries and weather damage. However, selecting the right policy can be challenging. Our agency can help you learn more about mobile home insurance so you can decide on the best coverage.

What Is Mobile Home Insurance?

Mobile home insurance is an agreement between you and your insurance provider in which you pay an insurance premium for protection against accidents or other incidents, such as vandalism. Depending on your coverage, you may be able to receive financial assistance following a covered loss.

What Does Mobile Home Insurance Cover?

Policies vary among mobile home owners, but standard coverage often includes the following:

• Property protection helps insure your mobile home and any adjacent structures on your premises (attached patio, deck, shed, etc.) against losses due to fire, windstorm damage and damage from falling objects, lightning and explosions.
• Personal property protection will typically cover losses for removable property such as electronic equipment, bicycles, furniture and clothing up to a certain amount.
• Personal liability protection covers losses if someone is injured or something is damaged on your property. A policy may pay for medical expenses for nonresidents of your home and damages or defense costs resulting from other covered incidents.
• Loss of use of your mobile home helps cover costs, such as additional living expenses, if your mobile home becomes uninhabitable following a covered event.

Contact our agency today to learn more about your coverage options.

How to Get Mobile Home Insurance

Lord & Associates Insurance Agency is ready to assist you in evaluating your mobile home insurance coverage options. Contact us today to request a quote.

Workers’ Compensation Insurance

Accidents happen in the workplace, no matter what precautions you have in place. Workers’ compensation insurance is designed to help cover the costs associated with a work-related injury or illness. We’re here to help you sort through business insurance, including workers’ compensation insurance benefits. Contact us today to get started.

What Is Workers’ Compensation Insurance?

Workers’ compensation insurance is a type of business insurance policy that provides benefits to employees if they suffer work-related illnesses or injuries. Workers’ compensation benefits typically include coverage for paying for medical care and lost wages from time missed from work.

Employers also benefit from workers’ compensation insurance, as it can help protect your business from lawsuits and keep it compliant with state regulations.

What Are Workers’ Compensation Benefits?

Workers’ compensation may provide various benefits to employees who experience an injury or illness, including:

• Medical benefits—Employees may receive compensation to cover doctor appointments, hospital visits and medications.
• Wage-loss benefits—If an employee cannot return to work at total capacity, wage-loss benefits may help them supplement their lost income. This benefit may last until the employee has recovered or until the wage-loss benefit limit has been reached.
• Vocational rehabilitation benefits—Employees may receive access to vocational rehab services to help them learn new skills and reenter the workforce after an injury.
• Death/dependent benefits—If an employee loses their life because of a work-related injury or illness, workers’ compensation may help cover funeral costs and lost income. These benefits are typically provided to the spouse or dependents of the deceased.

Worker’s compensation laws vary by state, which may impact the limits and duration of benefits and the type of employers required to have it. Reach out to an agent to discuss specific requirements for your business.

How to Get Workers’ Compensation

We’re ready to help you secure workers’ compensation coverage for your business. Contact Lord & Associates Insurance Agency today for more information or a quote.

Recreational Vehicle Insurance

Recreational vehicles (RVs), whether they are motorhomes, campers, or off-road monsters, are a ticket to adventure and exploration. As any seasoned RV enthusiast knows, the key to worry-free travel is to secure the right insurance coverage.

Are There Different Types of Coverage Under RV Insurance?

Recreational Vehicle insurance is not one-size-fits-all. It offers a range of coverage options to cater to various needs. Here are some common types:

• Liability coverage—This coverage may help pay for losses and expenses arising from third-party bodily injuries and property damage if you’re at fault in an accident.
• Comprehensive coverage—This may cover noncollision-related damage to your RV, such as theft, vandalism or damage from natural disasters.
• Collision coverage—If your RV gets damaged in an accident, collision coverage may help with repair or replacement costs minus the deductible.
• Uninsured/underinsured motorist coverage—This coverage may financially protect you if an uninsured or underinsured driver causes an accident.
• Contents coverage—This type of coverage may financially safeguard your personal items inside the RV, like clothes, electronics and appliances.
• Emergency expense coverage—This part of RV insurance may cover costs incurred during an emergency while on the road, such as lodging, food or towing.
• Full-time RV coverage—This coverage is designed for those who live in their RV full-time, providing coverage for your unique lifestyle.

How Is Recreational Vehicle Insurance Structured for Off-road Enthusiasts?

Specialized RV insurance may be essential for off-road enthusiasts who prefer the untamed wilderness to established campgrounds. These policies cater to the unique risks associated with off-roading adventures:

• Off-road RV coverage—Many standard RV policies may not cover off-road activities. Specialized RV insurance can cover the wear and tear that can result from these rugged adventures.
• Accessories coverage—Off-road enthusiasts often customize their RVs with expensive equipment like winches, off-road tires and suspension enhancements. Tailored policies can provide additional coverage for these accessories.
• Towing and recovery coverage—If your off-road expedition takes an unexpected turn and your RV gets stuck or needs towing, this coverage can help cover the costs of recovery.
• Trailer coverage—If you’re towing an off-road vehicle or trailer, it’s also important to have coverage for them.

Can Recreational Vehicle Owners Find Coverage Tailored to Their Needs?

Yes, recreational vehicle owners can find coverage tailored to their unique needs. Qualified insurance providers, such as Lord & Associates Insurance Agency, understand that RV enthusiasts have diverse requirements and offer customizable options. Contact us today to get started.

Renters Insurance

Renters insurance can provide you with needed financial protection against adverse circumstances, whether it’s covering your personal belongings in case of damage or ensuring you’re protected if someone is injured in your residence. If you need renters insurance, we’re here to help. Contact us today to learn more about your renters insurance options or to get a quote.

What Is Renters Insurance?

Renters insurance provides protection against property loss and liability if you cause injury or property damage. To learn more about what that means, we’ve covered some basics about each.

• Property protection—Renters insurance covers your possessions against damage for things such as fire, smoke, lightning, vandalism, theft and water damage—but not flooding—to name a few. It also extends beyond on-premise theft and hazards, covering property that is stolen from your car or lost or damaged anywhere you happen to be. Talk to your agent today to learn more additional property protection options, such as flood and earthquake insurance and scheduled items riders.
• Liability protection— The liability portion of a renters insurance policy helps protect against claims of third-party bodily injury or property damage caused by you or another person listed as insured on your policy. It may also help pay for medical bills if someone has an injury in your rental. Liability also provides coverage for legal defense costs and judgments in a lawsuit, whether the incident occurred within your rented residence, or elsewhere.

Some renters insurance policies pay a tenant’s temporary living costs if they need to live elsewhere because of a fire, severe storm or other covered disaster. This coverage may include hotel bills, temporary rentals, restaurant meals and other living expenses. Talk with your insurer about whether your renters insurance has this inclusion.

How to Get Renters Insurance

Whether you call a rented house, condo or apartment your home, you can benefit from renters insurance. Call us today to learn more about renters insurance or to get a no-obligation quote.

Life Insurance in Covington, GA

Securing your future and protecting your loved ones is paramount. At Lord & Associates Insurance Agency, we understand the importance of finding the right life insurance coverage tailored to your unique needs. Explore the following topics to gain valuable insights into determining the right amount of insurance and managing multiple policies.

How Much Life Insurance Do You Need?

Determining the appropriate amount of life insurance coverage is a crucial step in safeguarding your family’s financial well-being. Our experts at Lord & Associates Insurance Agency can guide you through the process, considering factors such as:

• Income Replacement: Ensure your loved ones maintain their standard of living in your absence.
• Debt Coverage: Cover outstanding loans, mortgages, and other financial obligations.
• Education Expenses: Plan for your children’s education and future endeavors.

Managing Multiple Policies: How Many Life Insurance Policies Can You Have?

Flexibility is key when it comes to protecting your loved ones. At Lord & Associates Insurance Agency, we understand that your life and financial situation may evolve over time. Our experts can help answer questions such as:

• Can I have multiple insurance policies?
• How do multiple policies complement each other?
• What are the advantages of having more than one policy?

Discover the benefits of managing multiple life policies to ensure comprehensive coverage that adapts to your changing needs.

Get Life Insurance Now

At Lord & Associates Insurance Agency, we’re committed to providing you with the knowledge and tools to make informed decisions about your insurance coverage. Contact us today to embark on the journey of securing a brighter and more secure future for you and your loved ones.