3 Ways to Ensure Your Business Is Not Underinsured

Folks in Buena Vista, VA have a good view of the future, enjoying their lives and taking on journeys like starting a business. At Stonewall Grace Insurance, we know that a sunny outlook requires careful planning. This is how you can keep your business growing without the risk of being underinsured.

Report Significant Changes

Taking on new business and improving your company’s revenue feels fantastic and increases how busy you are. You might open up a new brick-and-mortar location, hire help for the extra work, and purchase equipment to improve your workflow. Any of these changes might impact your potential liability, so bring them to your insurer as soon as you can.

Conduct an Annual Insurance Review

Doing at least a once per year checkup on all of your company’s contracts is a solid way to catch risks that might otherwise have gone unnoticed. Include your company’s commercial insurance policies into the mix, even if you think it’s unlikely that anything noteworthy has changed. A little bit of extra time could save you an immense amount of money if there’s an issue that you missed.

Shop around for Options

Prices and offerings might change over time, especially since they are influenced by your company’s risks and assets. Looking through your choices and getting a few quotes will paint a picture of the insurance environment and could point you to the coverage you hadn’t considered. For example, if your company surges and carries a lot of risks, you might benefit from umbrella insurance coverage. To find out more about your coverage options, both new and existing business owners can contact us at Stonewall Grace Insurance in Buena Vista, VA.

Should Virginia renters get renter’s insurance?

Those that are in the Buena Vista, VA area will want to make sure that they pick a good housing option for their situation. For many here, becoming a renter is a good choice as you will have fewer maintenance obligations and have more long-term flexibility. If you want to rent a home, getting a renter’s insurance plan is a good idea. A renter’s insurance policy will be necessary for several reasons.

Coverage Needed to Protect Tenant

A primary reason to have renter’s insurance is so you can receive helpful protection. People that have renter’s insurance will receive several types of beneficial coverage. Some advantages of renter’s insurance include getting protection for all of your personal assets and receiving personal liability insurance support. If there is ever an accident or situation that results in a loss, renter’s insurance will prove to be a great investment. 

Coverage is Required Under Lease

You also will want to have renter’s insurance to comply with the requirements set in your lease. If you decide that you want to rent a home, it is very important that you fully review your lease. In many cases, your landlord is going to require that you get renter’s insurance and maintain the plan throughout the term of the lease. If you do not have this coverage, you could be in default and may even invalidate the agreement. 

People that are in the Buena Vista, VA area need to make sure that they are properly covered with renter’s insurance at all times. If you want to get this insurance support here, calling Stonewall Grace Insurance is a good idea. The professionals with Stonewall Grace Insurance know the value of this coverage and can offer you advice to build a plan that will give you ideal protection. 

Is It Too Late for a Senior to Get Life Insurance?

In Buena Vista, VA, many older adults and senior citizens don’t get insurance because they think it is far too late and cannot get high-quality coverage. This misconception is understandable but troubling. We at Stonewall Grace Insurance try to discourage this belief whenever we can to help our customers get the life insurance policies that they want.

Seniors Can Still Get Life Insurance 

If you’re a senior who hasn’t bought life insurance yet, you still have time. While it is true that your options may be a bit less diverse and that you may have to do a little careful digging, it is still very likely for you to find some kind of policy that works for your needs.

And doing so will provide you with many benefits that will ensure that you don’t run into any issues as a person. These benefits include:

  • Payout for your children after you pass 
  • Help to handle your burial needs. 
  • Paying your debts if you have any left 
  • Handling any other financial needs

As a result, it is a good idea to reach out to an agent right away and learn more about what kind of options are available to you. While it might seem like you’ll end up paying more, you might not because there are many unique policy options available. For example, some companies decide to work directly with seniors to provide them with the kind of help that they need to take care of their financial situation after they pass away.

Do You Want Life Insurance?

If you live in Buena Vista, VA, and want life insurance that you can trust, please reach out to us at Stonewall Grace Insurance right away to learn more. Our team is ready to work with you to make it easier to handle your insurance needs and minimize any complications with your coverage.

A quick guide to purchasing life insurance

Life insurance is a critical tool when it comes to protecting your family from financial difficulties. It provides financial assistance your family can use to cover essential bills — such as mortgages and car loans — in the event of your death. While it’s never pleasant to think about the need for life insurance coverage, planning ahead and securing the right protection is perhaps one of the kindest things you can do for your loved ones. 

Identify what you need to protect 

The first step in deciding what life insurance plan to purchase is to identify what you need to protect. Make a list of all your assets and debts. Determine how much money your family will require to take care of basic financial needs if they can no longer rely on your income. Many insurance policies offer different coverage options based on location — insurance regulations in Louisiana are different from those in places like Buena Vista, VA. An insurance agent familiar with the local market, such as Stonewall Grace Insurance, can brainstorm with you to ensure that you get coverage that works for your individual needs. 

Important factors to keep in mind

When selecting life insurance, there are several factors that can impact the type of coverage you choose and its ultimate cost. Many insurance companies take factors such as your age, gender and health into consideration when determining coverage options and rates. Most insurers require a physical exam of some sort as part of the application process. 

Give us a call! We’re here to help

There’s a ton of information available online when it comes to life insurance, and we at Stonewall Grace Insurance understand that it can be daunting to work through all the details to determine what kind of life insurance you need. We’re happy to provide guidance that can streamline the process and help you efficiently sift through the various choices. We proudly serve Central Virginia, including Buena Vista, VA — reach out today to get started. 

Required Commercial Insurance in Virginia

When you own a business in Virginia, there are certain types of commercial insurance that you are required to have by state law. In addition, there are many types that can be helpful, although they aren’t mandated. If you need commercial insurance, contact us at Stonewall Grace Insurance in Buena Vista, VA.

Workers’ Compensation

This is an extremely important type of coverage that is required for all Virginia businesses that have three or more employees. This type of coverage helps to pay for the expenses incurred when a worker falls ill or gets injured while working in your business. This insurance provides for the medical bills that result from this as well as paying lost wages when necessary. It can also pay for any ongoing care needed after an accident or illness that happens while on the job. This protects your business from having to come up with all of these expenses if this should happen. 

Commercial Auto Insurance

This type of insurance covers vehicles that are owned by the business as well as those that are used for the business. It generally includes liability coverage, property damage, medical bills, an accident with an uninsured motorist. It is recommended that vehicles that are used for business purposes get this type of insurance, as a personal policy may not cover an accident that happens while the vehicle is being used for business tasks. 

Business Owners’ Policy

This is not a required type of insurance, but it is recommended for most small businesses. It includes a number of different coverage types that are important to have for business owners. It includes a number of types of liability coverage to keep your business well-protected. 

Get Your Commercial Insurance

If you own a small business, you need commercial insurance. Call us at Stonewall Grace Insurance in Buena Vista, VA.

What Are the Benefits of Senior Market Health & Life Insurance?

Having good insurance coverage is one of the best ways to feel safe and secure. But it can be hard to know which policies to choose when you have a lot of options and need information. Our knowledgeable agents at Stonewall Grace Insurance can help you find the Senior Market Health & Life Insurance policy that’s going to be right for your needs. If you’re in the Buena Vista, VA area and have questions about this type of insurance, reaching out to us is the right step.

With the right information on these kinds of policies and the coverage options they provide, you can choose one with benefits that work for your needs and lifestyle. Often, these policies allow you to have the option to build equity that can be used for retirement or other options. That can add to the peace of mind you may have about getting older, and help ensure that you’ll have what you need once you retire and are looking to go out and have adventures in life. With a policy that fits your needs, you could have more security than you expected and the opportunity to do more in life, as well.

Reach out to us today, at Stonewall Grace Insurance. We can help you with the Senior Market Health & Life Insurance policy that meets your needs, and that fits with your plans and goals. If you’re in the Buena Vista, VA area we’re here to work with you on getting the right type and level of coverage. You don’t have to settle for less or be confused about the options you have. Our trained and dedicated agents will give you the information you’re looking for so you can find the right policy and get on with enjoying your life.

Could You Benefit from a Combination of Life and Disability Insurance in Your Financial Plan?

Want to know if life and disability insurance policies will be of benefit to you and your loved ones? Many people don’t even think about getting these types of insurance, especially if they’re in great health. It’s in your best interest to speak with an agent at Stonewall Grace Insurance of the Buena Vista, VA area and get more information before making your decision.

Having a Financial Plan

Put a solid financial plan together so that you can have more of a cushion of security later on. When you have permanent life insurance, this means you can accumulate cash value in order to put wherever you want in your plan. This can be used as a college fund, retirement fund, or in case of an emergency situation. Its strength is in how flexible it is, so you can meet your goals and have protection if a worst-case scenario happens.

You can change your coverage at different times if need be. This is an ideal policy to have since it grows over time. There are various options for when you decide you want to use all or part of the funds in your life insurance, which depends on the company holding your policy.

Disability Insurance Coverage

When you have disability insurance, it covers in the instance you have an illness or injury that’s preventing you from conducting work tasks. Whether you are diagnosed with a disorder or have a sudden injury that leaves you unable to work or not up to your usual capacity. You’ll need the means to care for yourself and your family if this happens, and that’s where disability insurance comes into play. If you don’t receive disability insurance through work or it’s not adequate then it’s a good step to add this policy.

Stonewall Grace Insurance of the greater Buena Vista, VA area can assist you in getting set up with your life and disability insurance needs. If you have questions or concerns to address before you make an official appointment, feel free to contact us.

Why would someone want renters insurance?

Anyone that is going to move to Buena Vista, VA will have different housing options to consider. One great type of housing to think about is renting a home. If you do choose to rent a property here, you will have more flexibility and less responsibility. However, you do still need to have proper insurance. There are several reasons why someone in this area will need to have a full renters insurance policy. 

Renters Policy is a Lease Requirement

One of the reasons that people here will want to get renters insurance is that it is often a lease requirement. When you move into a new home, it is important to read your lease carefully. In a lot of situations, it will require that you carry a full insurance policy at all times. If you do not have this coverage in place, it could lead to a lease default.

Insurance Gives Important Coverage

Another reason that you will want to get renters coverage is that it gives very important protection. If you have leased property, you will want to have personal liability protection and coverage for your assets. A great way to get this protection is through a renters insurance policy as it will have all the coverage you need. 

If you do want to choose a renters insurance policy and you are in the Buena Vista, VA area, it will be important that you receive coverage that protects your assets and gets you into full compliance. As you are looking for coverage here, you should call Stonewall Grace Insurance. The team at Stonewall Grace Insurance can give you the support that is needed to choose a policy that will keep your properly covered and in full compliance at all times. 

3 Ways to Protect Your Business from Cyber Attacks

It might be tempting to think that because you run a small or medium-sized business that you are invincible from being the target of a cyberattack, but that’s not true because every business is at risk of being attacked. Consequently, hardening your defenses to help prevent a hack or data breach is imperative and three easy steps to follow are outlined below.

Know Your Data

Depending on the type of business that you operate, you may be privy to extremely sensitive data about your customers that could be tempting for a cybercriminal to attempt to steal. Consequently, being able to delineate between sensitive and non-sensitive data is imperative so that you can harden your defenses around the data most likely to be stolen. Examples of data that is often targeted include credit card information, social security numbers, health data, and Personally Identifiable Information. 

Train Your Employees

Training your employees on how to spot a possible social engineering attempt by a bad actor calling for information or not clicking a bad link in a phishing email is imperative and can save your company from potential financial ruin if a threat is detected in time by a front line worker. 

Cyber Liability Insurance

Most business owners are familiar with the two types of coverage that are mandated in nearly every state – workers’ compensation insurance and commercial auto insurance. However, what you may not know is that you can also purchase cyber liability insurance coverage which helps businesses pay for the damages associated with a cyber attack. At Stonewall Grace Insurance in Buena Vista, VA our knowledgeable team of insurance professionals can help determine the perfect commercial insurance policy for your business. We’ll take the time to answer your questions, address any concerns, and customize a policy that works for you. 

Reliable Senior Market Health & Life Insurance in Buena Vista VA

 If you are looking for reliable and affordable senior market health and life insurance in Buena Vista, VA, then you should definitely visit Stonewall Grace Insurance policies for your comprehensive coverage. Interestingly, you will find that the best insurance agencies do not usually involve copious insurance services for specific services. Rather, they will tend to cover the comparative simulative actions that are likely to happen to you and the possible covers you can get.

What does comprehensive senior market health and life insurance entail?

Comprehensive health coverage could involve a variety of life-threatening factors that are very likely to happen in today’s age such as accidents, chronic illnesses, special needs, among others. The most valuable item that you have as an individual is the ability to cater to your basic life needs. Comprehensive life insurance would enable you to cover most of the issues related to the stability of your health as well as that of your family.

Most individuals view life, health, and disability insurance as a cover that is only necessary for ill, aged, or disabled individuals. Nonetheless, it suffices to argue that every individual needs to at least consider enrolling in a reliable life and health insurance cover so as to help cover the treatment costs and recovery processes involved in the case that you or any of your family encounters any health hazards.