Benefits of an umbrella policy for liability protection

Brokers Insurance Agency is proud to be a resource for the business community in the greater Lincoln, NE area. If you are wondering if it’s time for you to consider an umbrella policy for liability protection, we can answer any questions that you may have. Give us a call today and schedule your consultation.

Umbrella policies for commercial liability protection

When protecting your company, liability can often feel like the most significant risk. This is especially true for retail businesses or those with a high rate of slip and fall incidents or other situations that can turn into frivolous lawsuits. One suit that goes the wrong way can exhaust a primary insurance policy.

You can enjoy additional coverage above your primary policy with an umbrella policy in place. Your umbrella policy will come into play when your primary commercial policy reaches its maximum. This provides you with additional protection right when your company needs it.

If you want to protect your firm from excessive liability risk, why not investigate your umbrella insurance policy options today? This type of policy can help to ensure that your company can continue to operate even if you experience a covered event for which you are held liable. With a commercial umbrella insurance policy in place, you can rest assured that your hard work is protected now and well into the future. 

Now might be the right time to add an umbrella policy to your commercial insurance portfolio.

If you are a business owner in the greater Lincoln, NE area, you can rely on Brokers Insurance Agency for your commercial insurance needs. Find out more about how an umbrella policy can provide liability protection by calling us today.

A Look At How Your Retirement Can Be Aided By Whole Life Insurance

Unlike term life insurance which is only valid for a specific period, whole life insurance lasts for your entire life – assuming you continue to pay the policy premium. One of the most valuable aspects of whole life insurance is that it generates a cash value with significant tax benefits. Each time you pay your premium, a portion is set aside and invested in increasing the policy’s cash value and offers an alternative to saving and a supplement to your retirement accounts. While whole life insurance is significantly more expensive than term life insurance, it offers a multitude of benefits that are outlined below:

The Benefit is Permanent

It may be impossible to qualify for a term life insurance policy as you age because you must participate in an exhaustive physical health screening. However, with a whole life insurance policy, that benefit is 100% guaranteed if the policy remains in good standing. 

Generate Cash Value

Each time you make a premium payment, part of that payment is used to cover the insurance and associated fees, while the rest is used to build a tax-deferred cash component that can grow significantly with time. A loan can be taken against that cash value and used for any purchase if needed. 

The younger you are, the better time it is to purchase whole life because your premiums will likely be lower and will never increase, plus you’ll have more time to grow the cash value of your account.

Contact the Brokers Insurance Agency in Lincoln, NE for more information on life insurance. Our knowledgeable and professional team will be happy to answer all your questions and help you choose the right life insurance policy for your needs.

Commercial Insurance Options for Nebraska Business Owners

When you have a business in Lincoln, NE, you will do everything to see it become a success. From burning the midnight oil to employing top employees, you are willing to throw everything you got to make your business stand the test of time.

While you are dedicated to your business, risks beyond your control can wipe your prized investment in a matter of minutes. We are talking about risks like fire, theft, and natural disasters that can consume your business within no time!

Commercial insurance options

Given the risky nature of the business environment, you need commercial insurance from Brokers Insurance Agency to protect your business. And because commercial insurance is broad, here are some coverage options you can consider for your business:

  • Professional liability insurance: This coverage protects your consultancy business when you miss deadlines or when accused of negligence.
  • Commercial auto insurance: Do you have vehicles for the business? Do you use your personal vehicle for commercial use? Either way, you need commercial auto insurance.
  • General liability insurance: This coverage protects your business when accused by third parties. It protects your business when other people sue you or accuse you of property damage, bodily, and advertising injury.
  • Umbrella insurance: This liability coverage takes over when your general liability insurance is exhausted.
  • Worker’s comp insurance: This insurance plan covers employees against illnesses and work-related injuries.
  • Property insurance: If you have assets like inventory, computers, buildings, and furniture, you need property damage to cover your assets against fire, theft, vandalism, and other risks listed in your policy.
  • Flood insurance: If your business is in a high-risk flood zone, you require flood insurance because typical commercial insurance doesn’t cover flood damage.

Shopping for commercial insurance in Lincoln, NE? Why don’t you contact Brokers Insurance Agency for an affordable insurance plan? We offer numerous commercial insurance coverage options to cater to different categories of businesses.

Preparing for Disasters and Protecting Your Home

The truth of the matter is that a natural disaster, from significant storms to wildfires, can occur at any given time with the potential to destroy your home and its belongings. The best way to protect yourself and your property is to invest in home insurance from a company like Brokers Insurance Agency. Here are a few ways your home insurance policy in Lincoln, NE protects you from a variety of unexpected events.

Home Repairs

A home insurance policy will pay to replace your home in the event it suffers damage by a covered peril. Usually, you will be protected against fire, high winds, and tornadoes, but there will be some specific events that are excluded. This may include food damage, which would require an additional rider for protection.

Damaged Property

When a significant storm or disaster comes through, there is a chance that you will need to replace everything, from the home itself to clothing and furniture. The typical policy will include personal property coverage, which will pay for the replacement of personal items ruined in the covered peril.

Stolen Property

Even in the event that your items are saved to “live” another day following a calamity, they are likely to be vulnerable to theft in the event your home is exposed. The good news is that a home insurance policy will reimburse you for any items that are stolen.

There are many benefits to securing a home insurance policy. If you are ready to invest in the protection of your Lincoln, NE home and belongings, contact our team at Brokers Insurance Agency. We are happy to sit down with you and go over different policies to determine what type of coverage is best suited for your needs and personal budget.

Nebraska Life Insurance – What’s The Difference Between Term Life & Whole Life Insurance?

Life Insurance can be a scary topic to talk about considering the implications of having to use it.  You shouldn’t look at life insurance as a possibility of your death, but you should approach life insurance as a tool to help your family after you’re gone.  Death is impending for all of us, the only factors that change is the manner and timing of it.  Life Insurance provides your family and other beneficiaries with help in the event of your passing.  There are two different life insurance policies that you can get, term life insurance and whole life insurance.  You can purchase life insurance through Brokers Insurance Agency in Lincoln, NE.

Term Life Insurance

Term Life Insurance covers you during a pre-determined length of time.  This length of time could be five years or up to 20 years.  Should you pass away during this time, your beneficiaries will receive your death benefit amount.  The good thing about term life insurance policies is that the premiums are much lower in comparison to whole life insurance policies.  This is a way to provide that protection for your family without spending too much money out of pocket.  Should the term end with no event, you walk away as there is no accrued money value built up in the policy.  That’s the downside of having term life insurance, it’s essentially “rental” life insurance that must be used during the time period.

Whole Life Insurance

Whole Life Insurance is much different than term life as you can have the policy for the rest of your life.  The policy grows money value over time with each premium paid and you can borrow against this policy should you need it.  Should you pass away during your whole life insurance policy, not only will your beneficiaries receive the death benefit payout, but they’ll also receive the cash value of the policy that’s been paid in over that time period.  The monthly premiums paid are higher than the term-life due to the money value accruement over the life of the policy.

More Information

You can learn more about life insurance policies by contacting Brokers Insurance Agency in Lincoln, NE today!

Protect your Lincoln, NE business with a commercial policy

Brokers Insurance Agency understands the importance of protecting all of your hard work as a business owner. We are here to provide Lincoln, NE companies with the coverage they need, now and into the future. If your business has been growing and changing, it may be time to review your current commercial insurance policy.

We can help you understand your commercial policy coverage options 

Today’s business environment makes it more important than ever to have an appropriate commercial policy that meets your current needs. The policy that was right for you when you were just starting out may not be adequate now. Protecting your business with commercial insurance includes coverage for:

  • Business interruption
  • Inventory
  • Equipment
  • Vehicle Fleets

and a lot more! As you build your business and enter into a growth stage, it becomes more important than ever to protect your efforts. We strongly encourage our commercial clients to review their coverage on a regular basis to ensure that their policy protection keeps pace with their current business needs. If you haven’t taken a close look at your commercial policy in a while, now is a perfect time to sit down and review your policy. It’s always better to have the appropriate protection in place before you need it!

Contact us today and find out more

If you are a business owner in the greater Lincoln, NE area, give Brokers Insurance Agency a call today. We will work with you to ensure that your company has the protection it needs! We can set up a consultation for a comprehensive review of your policy and your current commercial protection needs.

Home Insurance & Water Damage: What You Need to Know

Water damage is one of the most difficult types of damage to contend with in the home. When your home experiences water damage, you want to know if your insurance can be helpful.

Brokers Insurance Agency, which series Lincoln, NE, knows that water damage is tricky. Here’s what you need to know.

Home Insurance Covers Water Damage to Dwellings

Even if your home insurance policy does not cover flooding, it may cover your dwelling if it faces water damage in another form. For example, a pipe might have busted in the wall, leading to severe damage to your home’s structure.

Keep in mind that not everything is covered by your policy. If your home does not have proper maintenance over the years, you may not be able to recover some expenses. It is important to stay up to date with your policy documents.

Home Insurance Provides Personal Property Coverage

Water damage can also impact your belongings. If your personal items, like electronics or books, are damaged, you may be able to get some help thanks to your home insurance.

Deductible Needs Differ

Each home insurance policy has different types of deductibles. If you are unsure when your policy kicks in to help with water damage, you should speak with an insurance agent who understands your needs and your contract.

Get Home Insurance to Protect Your Property

Whether you want to protect your home or your personal property, you need home insurance. If you do not know what kind of policy you need, consult with Brokers Insurance Agency serving Lincoln, NE to learn more about your options.

5 Tips for Winterizing your RV

Caring for Your RV During Winter

If you are a seasonal RVer, winter is usually the time of year to ready your RV for storage. It is crucial to thoroughly winterize your RV, especially if you live in northern climates.

Our dedicated agents at Brokers Insurance Agency of Lincoln NE offer tips to winterize your RV, and insurance coverage to protect your valuable investment during all months of the year.

Tips for Winterizing Your RV

  • Drain water – All the tanks, including grey water, fresh, and black water, should be drained. Turn on faucets and flush toilets after draining. Blowing out the lines can help remove the remaining sediment and waste.
  • Fill up propane – Filling up propane tanks will help them remain safe and effective during harsh winter months. Alternatively, you can take out and store tanks that can be removed.
  • Clean and cover vents – Covering cleaned-out vents and holes will prevent dust and dirt from settling in them. 
  • Check engine and top off fluids – Top off critical engine fluids like oil and transmission. Check brake and antifreeze fluid levels. Inspect lines and look for leaks. Maintaining periodically during colder months will keep your RV ready for spring and summer.
  • Cover your RV – RVs that are left outside in cold snowy weather wear quicker. Covering your RV with a weatherproof covering will keep the exterior of your RV protected from the elements in winter.

Quality Insurance in Lincoln

The professional team at Brokers Insurance Agency of Lincoln, NE knows the ins and out of RV insurance. We have helped countless individuals with high-quality, year-round coverage. Winterizing your RV and keeping it insured during winter, ensures your RV will be protected from damages and theft.