How much commercial insurance do I need?

Posted on March 27, 2023April 2, 2023 by agentinsure

When you own a business, having the right commercial insurance is essential. But how do you know how much coverage you need? It’s important to understand the different types of insurance available and what each covers to decide on the level of protection your business needs. The Insurance Team explains commercial insurance options in Queen Creek, AZ.

Commercial Coverage Options

Property Insurance

Property insurance protects the physical assets of your business from damage or destruction due to natural disasters, theft, vandalism, or other unexpected events. This type of coverage typically includes buildings, equipment, inventory, furniture, computers, and other items used for your business operations. Property insurance does not cover losses caused by employee dishonesty or cybercrime.

Liability Insurance

Liability insurance helps protect your business against claims of negligence or wrongdoing that could result in financial loss or injury to others. Liability insurance includes general and professional liability coverage (errors and omissions). General liability protects if someone is injured on your premises or if their property is damaged due to your negligence. Professional liability protects if you make a mistake in performing services for a client that results in financial loss or damages them reputationally.

Business Interruption Insurance

Business interruption insurance provides financial assistance if an incident causes a temporary suspension of operations at your business—for example if a fire or severe weather event forces you to close temporarily. This policy helps cover lost income and expenses associated with getting things back up and running after such an incident.

We Are Here To Help!

Taking out the right amount of commercial insurance is critical for any business owner in Queen Creek, AZ, who wants to protect themselves from potential financial losses resulting from unforeseen events. The Insurance Team can help you find the commercial insurance you need – so contact us today!

What Are the Requirements for Classic Car Insurance?

Posted on February 15, 2023February 20, 2023 by agentinsure

You take great pride in driving your antique vehicle around for the occasional Sunday cruise or showing it at selected car shows. Perhaps your wondering about the requirements for classic car insurance at various companies. Our experts at The Insurance Team in Queen Creek, AZ can help you compare policies, starting with eligibility requirements. In the meantime, we’ve listed the most common eligibility rules and considerations.

Eligibility Requirements for Classic Car Insurance

Each insurer may have unique requirements, but most share a few common elements, including the age range of covered vehicles. Antique cars are typically at least 25 years old. Additionally, you cannot use the vehicle for everyday tasks, such as commuting to work or grocery shopping.

Make sure you have the appropriate space to store your valuable older vehicle. This might include a storage unit, private garage, or barn. However, many insurers won’t cover your classic sports car or refurbished Model T if you leave it in a driveway, parking garage, or carport. Your agent can help you understand the appropriate arrangement to qualify for coverage. Additionally, you’ll probably need to prove you have another vehicle for everyday use.

Are You Eligible for Classic Car Insurance?

Classic car insurance coverage often comes with a maximum mileage per year and requires that you maintain a good driving record. You may also have to prove that the classic car is in good condition with a regular maintenance schedule.

Give Us A Call

You can work with agents at The Insurance Team in Queen Creek, AZ to secure the right policy for your Mustang or refurbished tractor. We can help you understand the eligibility requirements and choose the right coverage for your classic vehicles. Contact us today to schedule an appointment for a free quote so you can show off your vehicle without breaking the coverage rules.

RV Insurance FAQs

Posted on January 18, 2023January 24, 2023 by agentinsure

It’s important to protect your RV with the right insurance policy, but you may have questions. Our trusted advisors at The Insurance Team, in Queen Creek, AZ are here to answer them.

RV Insurance FAQs

What are the Classes of RV?

There are three basic classes, which are Class A, B, and C.

Class A is the largest and most luxurious. These can be as small as 20 feet or as long as 75 feet and are often known as luxury motorhomes or luxury RVs.

Class B RVs are smaller, and typically around 20 feet long. They are more agile than larger RVs. Despite their smaller size, they are typically equipped with everything you need, including a kitchen and shower.

Class C RVs are a middle ground between Classes A and B. They are typically larger or better appointed than Class Bs, without the bus-style chassis of Class A.

What Does RV Insurance Cover?

Similar to auto insurance, RV insurance can include liability and full coverage. Liability covers damage to others’ vehicles or property if there’s an accident. Full coverage covers damage to your RV in the event of an accident.

RV Insurance can also cover your belongings and specialty equipment.

Is RV Insurance Required?

Liability insurance is required for all motor vehicles by Arizona law.

If you rent or have a lien on your RV, you may also be required to have collision and comprehensive coverage.

What is Full-Time vs Part-Time RV Living?

RVs are designed to be lived in, which is why they have many of the amenities you would find in a home. Some people choose to live in their RV part-time. They may spend a weekend in their RV, or reside there while on vacation.

If you choose to live in your RV full-time, you’ll need full-time RV coverage, which differs from part-time coverage.

Give Us A Call

If you need RV insurance in the greater Queen Creek, AZ community, contact The Insurance Team. Our friendly agents will speak with you and discuss your coverage options.

What are Some Perils Motorcycle Insurance Typically Doesn’t Cover?

Posted on December 22, 2022December 23, 2022 by agentinsure

Liability motorcycle insurance is a requirement for Queen Creek, AZ riders, and it’s important to understand that not every circumstance will be a covered peril. The Insurance Team is happy to assist with this vital coverage.

Below are some of the more common scenarios that tend to fall outside most standard policies:

Engaging in risky behavior, such as racing and its resulting injuries, will often result in a rejection of your claims, and the same is true when you are doing stunts or participating in demolition derbies.

Operating your vehicle under the influence of controlled substances and all narcotics may void your coverage, and alcohol may do so as well, as it is illegal to ride when over a certain limit of intoxication. The Insurance Team would be happy to go over the details of what is and isn’t included in your plan.

If you are someone who uses your motorcycle to deliver goods for a service charge, this may fall outside the scope of your indemnification. In addition, this can also affect you when involved in an accident while driving passengers for a fee.

Any wreck, property damage, and medical costs that are incurred while you are involved in illegal activities may be your own financial responsibility, but this usually does not extend to simple violations of traffic laws.

If you ride your bike in a reckless manner intending to self-harm or wound others, this type of behavior is often in violation of the terms of your insurance contract and will likely not be covered.

The Insurance Team Works for You

We serve the insurance needs of those living in Queen Creek, AZ, and we can be reached by phone, email, or by stopping at our office. We invite you to make an appointment to speak to us about your specific situation today.

How to keep your boat safe in a storm

Posted on November 17, 2022November 17, 2022 by agentinsure

The Insurance Team in Queen Creek, AZ is happy to provide boat insurance to our clients who are boat owners. We are also here to offer guidance to better protect your vessel.

It’s no secret that a storm can cause major damage to your boat. In fact, a storm can be so destructive that it can actually sink your boat. That’s why it’s important to take steps to protect your boat from storms.

Here are five tips for keeping your boat safe during a storm:

1. Make sure your boat is properly anchored

If you don’t anchor your boat properly, it could easily be blown away in the wind.

2. Install storm shutters to protect the boat from high winds

Storm shutters will help keep the wind from damaging the boat or causing it to capsize.

3. Tie down any loose items on the deck

Loose items can become projectiles in a storm and may damage the boat or injure someone on board.

4. Move the boat to a safe location if possible

If you can move your boat to a sheltered area, do so before the storm hits. Some safe places to bring your boat include:

-In a marina or harbor

-Near a breakwater or dock

-In a sheltered cove or bay

-On a lake or river with low winds

5. Keep an eye on the weather forecast and take appropriate precautions

Monitor the weather closely so that you can stay one step ahead of any potential storms.

Get Boat Insurance Today

By taking these steps to protect your boat from storm damage, you can help ensure its safety no matter what the weather brings. With a little bit of preparation and planning, you can enjoy many years on the water without worrying about damage from storms.

If you have any questions about how to keep your boat safe, in smooth seas or stormy waters, give The Insurance Team a call today. We proudly serve the greater Queen Creek, AZ community.

Do you need additional liability protection for your business? Ask us about an umbrella policy today!

Posted on October 27, 2022October 27, 2022 by agentinsure

The Insurance Team is proud to work with the greater Queen Creek, AZ area business community. We are here to help your business stay protected, now and in the future. Schedule a consultation today and learn more about the options that are available to cover businesses in our area.

How an umbrella policy can help protect your business from liability

As a company or business grows and becomes more established and successful, it is typical for its liability risk to also increase. This means that it’s important to take steps to help protect your hard work from losses due to liability. This fact is especially true for any company that is operating in a highly litigious area or industry.

A primary policy will only provide a certain amount of protection before it is maxed out. Once it meets or exceeds the maximum level of coverage, the business or its principals, or both, can often become financially responsible for any excess losses caused by liability.

Lawsuits that award high-level damages have destroyed more than one company! Your business can protect itself from such a fate by adding an umbrella policy to supplement the primary commercial policy. This means that if there is ever a time when the primary policy’s maximum limits are exceeded, the umbrella policy will be activated. This additional coverage can be the difference between success and failure.

Schedule a consultation today

Queen Creek, AZ area businesses can rely on The Insurance Team for all of their commercial insurance and liability protection needs. Contact our office and schedule a meeting to learn more about how the right insurance portfolio can help protect your local business. We look forward to working with you!

What is flood insurance and what does it cover?

Posted on September 29, 2022September 29, 2022 by agentinsure

In 1954, a major flood hit Queen Creek, AZ, damaging 17,000 acres of crops and causing $1.8 million in damage. Since that time, the town has focused its efforts on flood control and education. Flood insurance comprises one of the essentials of those flood control efforts.

Flood Insurance: The Basics

At The Insurance Team, we offer flood insurance policies that help you protect your home and business. We work with the National Flood Insurance Program (NFIP) to offer a complete collection of flood policy options. You can purchase a policy that covers:

Structure only,
Contents only,
Structure and contents.

This means that you can either choose to insure only the building itself or your personal or business property inside it. A contents and structure policy covers both.

Why might someone want a structure-only policy? A landlord typically covers just the building because the contents belong to their renter. The renters buy their own policies.

The renter typically chooses a contents-only policy. This applies whether the person rents a home, office, or storage center.

Homeowners and vacation homeowners typically choose the structure and contents policies, as do business owners who own the building that houses their business.

You can find out what flood zone your home or business resides in by checking the Federal Emergency Management Agency (FEMA) website.

Which policy type do you need? How much flood insurance do you need?

Let us help you answer that question. Contact The Insurance Team serving Queen Creek, AZ for an appointment today. We’ll consult with you on your flood insurance needs and help you choose a policy that fully addresses your needs.

Don’t Leave Your Family Unprotected

Posted on August 29, 2022September 7, 2022 by agentinsure

Do you ever consider what would happen to your loved ones in the event of your passing? How about leaving a financial gift for those you care about the most? The Queen Creek, AZ professionals at The Insurance Team can help you choose the level of protection that best suits your needs.

The Insurance Team services 38 different states across the country providing lasting peace of mind for their clients and loved ones.

There are several different ways this policy can be used by your loved ones to help with financial responsibilities:

A life insurance policy is designed to compensate your beneficiaries at the time of your passing. As illnesses or accidents and other unexpected events occur all the time, don’t leave your loved ones without financial protection.

Your loved ones can mourn without the burden of funeral expenses that will be due. These expenses can be paid with the insurance policy proceeds.

Are you currently carrying a mortgage on your residence? If so, ensure that you have adequate insurance to cover this amount. You do not want your family to be concerned about the possibility of losing their home.

A life insurance policy can act as a financial safety net for your family, business, or others. It is essential protection you can be sure of as your beneficiaries will receive a tax-free, lump-sum payment that is guaranteed to be paid in full and can be used for childcare, healthcare, tuition, and for the elimination of household debt.

Give Us A Call

Our agents at The Insurance Team in Queen Creek, AZ can tailor a policy to meet your individual needs. If you require additional information, get in touch with us today.

Do I Need to Purchase Auto Insurance If I Don’t Own A Car?

Posted on July 12, 2022July 12, 2022 by agentinsure

If you don’t own a car, you may be wondering if you need to purchase auto insurance. The answer is yes – you still need to be insured, even if you don’t have your own vehicle. There are several reasons why this is the case.

Here are some reasons why:

1. You Rent Cars Often

Most rental companies require that their customers have insurance before they can rent a vehicle. Otherwise, the customer would be responsible for any damages that occur while they are driving the car.

If you don’t have your own auto insurance policy, you can purchase short-term rental car insurance from the rental company, or you can purchase a non-owner liability policy. For either of these options, it’s important to make sure that you are properly covered in case of an accident.

2. You Borrow Car Often

Even if you don’t own a car, there’s a good chance that you borrow other people’s cars from time to time. Maybe you have a friend or family member who lets you use their car when you need it. Or maybe you use a car-sharing service on occasion.

In any case, if you are borrowing someone else’s car, you will need to be insured. Otherwise, the car owner’s insurance would be responsible for any damages that occur while you are driving. The best way to insure yourself in this situation is to purchase a non-owner liability policy from a reputable company like The Insurance Team in Queen Creek, AZ. This type of policy will cover you when you are borrowing someone else’s car.

Give Us A Call

As you can see, even if you don’t own a car, you still need to be insured. There are several reasons why this is the case. If you are ever in doubt, it is always best to err on the side of caution and purchase some form of auto insurance. Contact us today at The Insurance Team in Queen Creek, AZ, for your non-owner auto insurance.

Commercial Insurance FAQs

Posted on May 31, 2022June 13, 2022 by agentinsure

As a business owner, you want to do everything you can to protect your business from all the things that could happen to it. Different types of businesses face different types of perils. You don’t need to protect yourself from things that will never happen to you. But, you need to have enough to protect yourself from the risks your business faces. The Insurance Team in Queen Creek, AZ is here to help you find the right balance of commercial insurance between affordability and necessity.

Commercial Insurance FAQs

What are the commercial requirements in Arizona?

The only legally mandated commercial insurance required in Arizona is workers’ compensation. All employees, whether full or part-time, must be covered.

Does commercial insurance cover flooding?

It depends on what kind of flooding is involved. If a pipe bursts and floods your business, this should be covered. If a stream, river, or ocean rises and floods your business, then no, it isn’t covered with commercial insurance. If you live in an area prone to flooding, you can purchase a separate flood insurance policy through the NFIP.

What does commercial property insurance cover?

Commercial property insurance covers the building that houses your business if you own it. But even if you don’t, it covers all of your business property inside the building. Your inventory, tools, office equipment and furniture, displays, machines, electronics, and raw materials. All the things you need to do business.

Do home-based businesses need commercial insurance?

You should talk to your insurance agent. In most cases, your home insurance will not have enough coverage to protect your business. The liability portion of your home insurance will not cover people who are visiting you for business. Your personal auto insurance won’t cover your vehicle if you use it for business.

Contact The Insurance Team in Queen Creek, AZ for a no-obligation quote.

The Insurance Team

Get a Quote

Commercial Coverage Options

Property Insurance

Liability Insurance

Business Interruption Insurance

We Are Here To Help!

Eligibility Requirements for Classic Car Insurance

Are You Eligible for Classic Car Insurance?

Give Us A Call

RV Insurance FAQs

What are the Classes of RV?

What Does RV Insurance Cover?

Is RV Insurance Required?

What is Full-Time vs Part-Time RV Living?

Give Us A Call

Below are some of the more common scenarios that tend to fall outside most standard policies:

The Insurance Team Works for You

Here are five tips for keeping your boat safe during a storm:

1. Make sure your boat is properly anchored

2. Install storm shutters to protect the boat from high winds

3. Tie down any loose items on the deck

4. Move the boat to a safe location if possible

5. Keep an eye on the weather forecast and take appropriate precautions

Get Boat Insurance Today

How an umbrella policy can help protect your business from liability

Schedule a consultation today

Flood Insurance: The Basics

Which policy type do you need? How much flood insurance do you need?

There are several different ways this policy can be used by your loved ones to help with financial responsibilities:

Give Us A Call

Here are some reasons why:

1. You Rent Cars Often

2. You Borrow Car Often

Give Us A Call

Commercial Insurance FAQs

What are the commercial requirements in Arizona?

Does commercial insurance cover flooding?

What does commercial property insurance cover?

Do home-based businesses need commercial insurance?

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