How Often Should You Take a Defensive Driving Course?

how often should you take a defensive driving course?

Most likely, you’ve heard the term defensive driving

Maybe you’ve seen people take a defensive driving course to get themselves out of trouble. For example, sometimes you can take this class to remove a ticket from your record. Or, perhaps, you’ve seen other people take a proactive step and go through a defensive driving course to experience all the benefits they provide. 

While both reasons are on opposite ends of a spectrum, each one allows you to unlock benefits that you normally wouldn’t receive. Even more important is that a defensive driving course equips you to anticipate and handle emergencies that happen on the road. 

However, there’s a catch to all of these benefits. If you want to continuously encounter the advantages of a defensive driving course, you may have to take the class multiple times. 

Defensive driving courses are not like most classes that you take in school. For example, don’t have to take geometry in high school and again in college (unless it’s a part of your major). But with defensive driving, you may have to take the class one year and then again in a few years. 

In New York, for instance, you must take a defensive driving course every 36 months to keep your insurance benefits. Most states have the same requirements. 

However, some states, like Texas, are slightly different. While they require you to take a defensive driving course every three years to keep your insurance benefits, you also have to take the class once every year for ticket dismissal. 

Every state will have its own rules and requirements to help you maintain the benefits you received from your first defensive driving course. But if you don’t know all of the benefits you can experience from getting a defensive driving certification, you probably won’t care to take the course multiple times or even once.  

What is defensive driving?

Getting the motivation to take a class every so often can sound difficult, which is why it’s important to have a thorough understanding of all of the benefits you could receive. So, let’s start with the basics. 

What exactly is defensive driving? 

Simply put, a defensive driving course provides safe driving tactics that you can use in emergency situations or when you’re feeling fatigued, road rage, or emotional distress. Whether you’re a great driver or not, you can’t control what’s happening around you. 

When you’re on the road, you’re going to encounter bad weather, aggressive drivers, mechanical issues, and roadway obstacles, like a tree that’s fallen and blocked off half the street. These hazards are things you want to prepare for because they can jeopardize you and your passengers’ safety. 

What are the benefits of defensive driving?

how often should you take a defensive driving course to keep your benefits?

Once you complete a defensive driving course, you can unlock a handful of benefits. Specifically, there are four specific advantages that you may enjoy. 

1. Learn how to stay accident-free

Let’s start with the more obvious benefit. It doesn’t matter if you’re driving down the block or taking a road trip across the country. You will experience road hazards along the way. 

With a defensive driving course, you can learn how to anticipate and avoid potential threats that could hurt you and your passengers’ safety. A good class will teach you how to handle careless drivers, aggressive drivers, poor visibility, and dangers that can occur because of physical or emotional states. 

2. Freshen up on driving laws

Did you know that, on average, there are 6 million car accidents in the U.S. every year? Did you know that 3 million people in the U.S. are injured every year because of accidents and that 2 million drivers experience permanent injuries? 

Unless you’re a new driver, you probably haven’t reviewed any regulations or laws that you should follow on the road. Even worse, you probably haven’t looked at the new driving laws you should know if you’ve moved to a new state. 

However, if you want to prevent car accidents and keep you and others safe, use a defensive driving course to freshen up on rules and regulations. Reminders are great for even the most seasoned drivers. 

3. Experience insurance reductions

If you love a good deal, then you should take a defensive driving course. 

Most insurance companies will voluntarily reduce your insurance premium if you complete a defensive driving class. In other states, like Pennsylvania, insurance companies are required to provide discounts to drivers who successfully finish a defensive driving course. 

Sometimes, the reduction can be as much as 10%. And this discount can be considerable savings for parents who don’t want to pay exponentially higher rates when they add their teen drivers to their insurance policy. 

4. Decrease fines and points

Another great benefit of a defensive driving course is that it can remove points or dismiss tickets on your driving record. As you likely know, when you get too many tickets, you can face fines. And sometimes, you can get your license suspended. 

These consequences are bad news if you make a living as a driver, whether it’s for a ridesharing company, mail delivery service, or retailer. However, what’s worse is that you’ll have to allocate money to buses, cabs, and other means of transportation if you can’t drive.

5. Enjoy convenience 

This benefit applies to an online experience. When it comes to taking a defensive driving course, you have the option to take it online. 

With this path, you can take the class anytime, anywhere. You can use whatever device you have available to you. You can finish the course at your own pace. And you can access your defensive driving certification whenever you want. 

How to get a defensive driving certification 

Taking a defensive driving course has clear benefits. Even if you must take it multiple times throughout your life, it’s worth it. So, your next step should be simple: take the course. 

Barry Risk Management, Inc. offers the opportunity for you to take a defensive driving class and receive your certification. However, the best part is that the class is all online. You don’t have to leave your house. 

All you have to do is find a device that works best for you and start taking the course on your own time. And if you have any questions along the way, the representatives at Barry Risk Management, Inc. has you covered. 

Start taking a defensive driving course and get your certification by contacting Barry Risk Management, Inc. today!

How Can I Get Homeowner’s Insurance?

how can I get the best homeowner's insurance

Buying a home is an exciting time. You get to settle into your desired location. You get to search for a home like you’re a buyer on House Hunters. And you get to make something your own—you can paint the walls whatever color you want, get creative with your landscaping, and expand your home if you prefer to add to it in the future.

All of the fun things that come with buying a home are enough to get you emotionally invested in your property. When you’ve spent days or months looking for a place and personalizing it to your taste, you want to make sure you protect it, which is why you’re probably wondering how can I get homeowner’s insurance. 

Finding homeowner’s insurance isn’t that hard. All you have to do is follow a brief list of steps: 

  1. Compile a list of suitable options 
  2. Compare the costs of different insurers
  3. Investigate the health of each insurance company 
  4. Check policyholder satisfaction and retention rate
  5. Talk to a real person to ask questions and get clarification

If you follow these steps, you’ll find the right homeowner’s insurance in no time. However, before you dive into this process, you should ask yourself what your homeowner’s insurance will cover. 

Will it provide everything you need to protect your new home? Or are there different types of homeowner’s insurance that you should consider? Knowing the answers to these questions will give you the insight you need to confidently start your hunt for homeowner’s insurance.

You don’t want to go into this process uninformed. And with the right amount of knowledge, you’ll discover the best policy possible.  

What is homeowner’s insurance?

how can I get homeowner's insurance?

If you’ve already started wondering how can I get homeowner’s insurance, then you likely know what this type of insurance is—however, it’s essential to get a refresher just in case. 

Homeowner’s insurance protects your home and possessions by giving you financial relief in the instance that something gets stolen or damaged. While it’s not required by law, you may need to purchase homeowner’s insurance if you have a mortgage. After all, your lender wants to protect its investment the same way that a landlord does

With homeowner’s insurance, you and your lender can count on help in three specific areas: 

  • Repairs to your home or your yard
  • Repairs to other structures dealing with your home 
  • Replacement of personal belongings 
  • Personal liability coverage if you’re legally responsible for damage or injury to someone else

Given its range of benefits, homeowner’s insurance isn’t just important. It’s necessary. And if you’re taking steps to get it, you’re on the right path. 

What does homeowner’s insurance cover?

Protecting your new home is critical, and insurance companies that offer good policies want to ensure they achieve that goal. As a result, standard homeowner’s insurance typically covers the following. 

1. Dwelling 

This type of coverage repairs damage to your home and any attached structures, like your back porch, where you grill and hang out. Usually, if someone or something damages your home, this coverage will ensure you get enough money for the rebuilding costs.

2. Structures

For this coverage, you’ll get to protect stand-alone structures on your property. For example, think of a shed or fence. If one or both of these gets damaged, you don’t have to worry about it. This coverage typically makes up 10% of your homeowner’s insurance. 

3. Personal property 

This coverage usually encompasses 50% to 70% of your homeowner’s insurance. It covers any repairs or replacements that were stolen or damaged. 

4. Temporary living expenses

If your home is getting repaired, you may have to leave for a certain amount of time. Whenever this situation happens, this type of coverage will help pay any temporary living expenses. Usually, this coverage makes up 20% of your homeowner’s insurance. 

5. Personal liability  

Unfortunately, there’s always a chance that you might accidentally injure someone or damage your property unintentionally. Luckily, personal liability coverage will help you. It typically covers $100,000 – $500,000 in damages. 

6. Medical payments 

If someone gets injured on your property, this coverage will help pay their medical payments regardless of who’s at fault for the injury. What’s even better is that it also covers a situation where you, a relative, or a pet hurts someone while off your property. 

What are the different types of homeowner’s insurance?

While standard policies tend to include the same types of coverage, you will have to choose between different types of homeowner’s insurance. 

These different types are called “policy forms,” and some offer more expansive coverage than others. What’s also interesting to know is that policy forms can differ across states and insurance companies. But three of them are pretty common. 

1. HO-3 Insurance 

This type of homeowner’s insurance is the most popular. In 2017, nearly 80% of owner-occupied homes had HO-3 insurance. If you have a mortgage, more often than not, your lender will request this level of coverage at the bare minimum. 

It generally covers damages to your home, except for any events that the policy specifically excludes. For example, some of those excluded events might be an earthquake or a flood. But the list of things that HO-3 insurance won’t cover when your house gets damaged is relatively short. So, you should be happy with this particular aspect of the policy. 

However, if you buy HO-3 insurance, you may want to get additional coverage for your personal belongings. This policy will only cover damage from 16 different perils, including smoke, volcanic eruption, fire, lightning, riots, explosions, vandalism, theft, and more. 

2. HO-5 Insurance 

If you’re looking for more extensive coverage, then HO-5 insurance might be right for you. It’s the most comprehensive and premier homeowner’s insurance that you can get—it’ll cover all damages, except for the ones that the policy prohibits.  

However, typically, you can only buy HO-5 insurance if you have a well-maintained home in a low-risk area. In 2017, about 14% of homeowner’s had this coverage, so it’s not as popular as HO-3 insurance. But again, it’s the most extensive coverage you can buy. 

3. HO-1 and HO-2 Insurance 

These insurances are probably the least popular since they offer very limited coverage. They only cover damages that are listed in the policy—and that list is pretty short. 

HO-1 and HO-2 insurance provide the bare bones of what you need, which is probably why only 7% of homeowner’s had this type of insurance in 2017. It also doesn’t help that HO-1 and HO-2 insurance policies are hard to come by, as neither one is widely available.  

Who provides homeowner’s insurance? 

how can I get homeowner's insurance today?

Now that you know what homeowner’s insurance covers and the types of policies to consider, you can start your hunt for the best homeowner’s insurance. Again, it won’t take long to find the right policy and insurance company for you, especially if you follow the steps outlined above. 

But if you need a little help, here’s a head start. Barry Risk Management, Inc. offers homeowner’s insurance to give you everything you need to protect your new home. 

Barry Risk Management specializes in helping people like you find and purchase the proper coverage for all of your everyday essentials. With the guidance and expertise of Barry Risk Management, you can trust Barry Risk Management, Inc. to find the best homeowner’s insurance for you. 

What’s even better is that you can also speak to an agent to ask questions and clarify the insurance coverage options you have. Remember step five at the beginning of this article. You want to talk to someone at the insurance companies you’re considering, and Barry Risk Management, Inc. makes this easy. 

The representative you speak to will be knowledgeable, helpful, and committed to getting you the best homeowner’s insurance possible. So, don’t wait. Contact a representative with Barry Risk Management, Inc. now to get the homeowner’s insurance you need. 

Get the coverage you need to protect your home by contacting an agent with Barry Risk Management, Inc. today!

Long-Term vs. Short-Term vs. Social Security Disability Insurance

what you need to know about long-term vs. short-term vs. Social Security disability insurance

Sometimes, life throws you a curveball. You might be working with a company that provides you with a stable income but suddenly find yourself unable to continue the job. 

Maybe you got sick. Perhaps you got hurt. Regardless of what happened, you might be considering disability insurance. However, which type of disability insurance should you get? 

There are three types of disability insurance to consider, but their main goal is the same. Long-term, short-term, and Social Security disability insurance all seek to replace a portion of your monthly income if your injury or illness prevents you from working. 

This type of coverage can be very beneficial if you’re the primary breadwinner in your household and your family depends on your income. However, disability insurance is also beneficial if you only support yourself. 

Even though you no longer work, your bills won’t stop, so it’s important to have a monthly income to help keep you afloat no matter your household situation. Long-term, short-term, and Social Security disability insurance will provide this help to you, regardless of the one you choose. 

But while each type of disability coverage achieves the same goal, there are slight differences between them. And knowing those differences can help you determine which type of disability insurance is best for you.  

The differences between long-term vs. short-term vs. Social Security disability insurance

the differences between long-term vs. short-term vs. Social Security disability insurance

Long-term, short-term, and Social Security disability insurance are three types of coverage that you’ll need to consider. There are a few differences between them, and the differences are straightforward. Here’s what you need to know. 

1. Long-term Disability Insurance 

If a disability impacts you for an extended period of time, then long-term disability insurance is the right type of coverage for you. 

It will cover any serious illness or injury that prevents or prohibits you from working for several months or even years. And if you find that you’re permanently unable to work, long-term disability insurance will cover you in that scenario, too. 

It will typically replace 60 to 80 percent of your pre-disability income. Still, some policies will replace your entire income if you have to take a lower-paying job because of your disability. 

What’s also critical to know is that your benefits will only end is if you’ve recovered from a disability during a maximum benefit period. This period may be set to a couple of years, a decade, or last up to the age of 65. It’ll just depend on the specific disability that’s impacting you. 

2. Short-term Disability Insurance 

Short-term disability insurance is exactly what it sounds like—it covers temporary illnesses or injuries you’re experiencing. 

This type of coverage will usually replace about 40 to 60 percent of your income, and it will generally begin 14 days after you become injured or ill. Your benefits will last for around three to six months. However, some policies will cover you for as long as two years. Again, it just depends on the injury or illness that’s affecting you. 

3. Social Security Disability Insurance (SSDI) 

This type of coverage is a little different than long-term and short-term disability insurance, mainly because it’s a government program that the Social Security Administration created. 

Social Security disability insurance will still provide benefits if you become too injured or ill to work. However, you might find that it’s challenging to qualify for Social Security disability insurance. If you want this type of coverage, you’ll need to meet the following criteria: 

  • You need to have worked in jobs that the Social Security covers
  • You must have worked at those jobs long enough and recently enough. 
  • Your physical or medical condition must align with Social Security’s definition of a disability
  • Your physical or medical condition must significantly restrict your ability to do basic activities, like standing, lifting, walking, remembering, or sitting.
  • Your illness or injury must prevent you from working for a year or more. 

There are some exceptions that will help you get Social Security disability insurance. For example, if you can return to work or find other employment, Social Security will give you that opportunity as long as you’re not engaging in “substantial gainful activity.” 

In 2020, Social Security defined this term as earning more than $1,260 per month or $2,110 if you’re blind. If your monthly income surpasses that number, your Social Security disability insurance will end. 

What will a disability insurance plan cover?

Regardless of the type of coverage that you choose, short-term, long-term, and Social Security disability insurance all have something in common. They tend to cover similar injuries and illnesses. 

But those injuries and illnesses must be considered a disability. You might’ve heard many different things about what does and doesn’t qualify with insurance companies and Social Security. For instance, many people think congenital disabilities and conditions that happen because of a tragic accident are the only instances where you can get coverage.

While these do make the list, there are many other types of disabilities, and they’re more common than you might think. Here’s a broad list of conditions that you can find coverage for: 

  • Depression 
  • Back pain 
  • Stroke
  • Cancer
  • Heart disease
  • Diabetes 
  • Arthritis

If you’re affected by one or more of these conditions, you can start to seriously consider disability insurance. 

The criteria for long-term vs. short-term vs. Social Security disability insurance

What if you don’t currently have a disability but still want to get disability insurance? Well, in this case, companies will assess your risk of becoming disabled to determine the best policy for you and how much you’ll pay for coverage. 

It’s important to keep in mind, however, that you may not qualify for Social Security disability insurance since you’re taking a more proactive measure, and the program is for those who already have a disability.  

But that fact shouldn’t keep you from getting disability insurance through a reputable company. If you decide to take this step, insurance agents will usually refer to the following factors to discern which policy and rate to offer: 

  • Your gender
  • Your age
  • Your health history 
  • Your location
  • Your job
  • Your annual income

After reviewing these criteria, good insurance companies will suggest a policy that works best for you. However, there are many “good” insurance companies in the industry, and you need to make sure you’re buying disability coverage from the right one. 

How to get the best disability insurance for you

should you get short-term vs. long-term vs. Social Security disability insurance

Unfortunately, some insurance companies will recommend policies that don’t benefit you. For example, many businesses in the industry will require you to pay high premiums that don’t justify the benefits you receive. 

For this reason, it’s essential to choose the right insurance company if you’re looking for long-term or short-term disability insurance instead of Social Security disability coverage. Luckily, Barry Risk Management, Inc. can provide the best policies and rates for your needs. 

Our parent company is Barry Risk Management. And the business specializes in helping you find and purchase the proper coverage for all of your everyday essentials. With the guidance and expertise of Barry Risk Management, you can trust Barry Risk Management, Inc. to find the best disability insurance for you. 

The representatives at Barry Risk Management, Inc. are knowledgeable, helpful, and keen on getting you the best deal possible. So, don’t risk wasting your time on an insurance company that won’t provide you with a policy that you need. 

For long-term and short-term disability insurance policies, contact Barry Risk Management, Inc. today to find what you need!

How to Get the Best High-Risk Auto Insurance

how to get high-risk auto insurance

Getting car insurance is easy. You research different providers, learn about their policies, and determine the best one for you. But what if you need high-risk auto insurance? Is the process still so simple? 

Buying high-risk auto insurance isn’t the hardest task ever. In fact, it’s pretty similar to purchasing regular car insurance. You’ll have to take the same steps in both scenarios. However, for high-risk auto insurance, your research process might be a little lengthier than usual. 

If you’re a high-risk driver, it’s not easy to find a great provider to insure you. What’s even harder is finding one when you’re shopping on a budget. But if you want the best high-risk auto insurance at a cost-effective rate that makes sense for you, it’s not impossible to find.  

What is high-risk auto insurance? 

Before you start looking for high-risk auto insurance, it’s essential to know what it means to be a high-risk driver. While the term sounds frightening, it doesn’t have as bad a connotation as you might assume. In fact, it doesn’t directly even mean that you’re a terrible driver.  

Insurance companies consider many people as high-risk drivers, and the reason for this varies. You might need high-risk auto insurance in the following scenario: 

  • Your insurance coverage has lapsed in the past
  • You have received speeding tickets or tickets for traffic violations
  • You have DUI convictions
  • You’re at fault for accidents
  • You just got your license
  • You’re a driver with poor credit
  • You’re elderly
  • You own a high-powered or exotic vehicle

The reasons for getting high-risk auto insurance can fall anywhere on a broad spectrum. 

You might need it because of a circumstance you can’t avoid, like growing older or getting your license for the first time when you’re 16. Or, you might need high-risk auto insurance because you’ve found yourself in a situation that you could’ve avoided like buying an exotic vehicle.  

Either way, the question always comes down to whether or not you’ll ever have an opportunity to get regular car insurance. Will you always be a high-risk driver?

How long are you considered a high-risk driver?

Just because you’re a high-risk driver today doesn’t mean you’ll be one tomorrow. Each U.S. state allows a certain amount of time for driving penalties to stay on your record. And sometimes your auto insurance company will suggest tips to help you decrease the points on your record. 

For example, your provider might reward you for attending a defensive driving course or a traffic safety class. You might also reduce the points on your driving record by having a car with more advanced safety features and obeying traffic and parking rules. 

Either way, you can encounter ways to strip the label of “high-risk driver,” which is welcome news if you’ve made a few mistakes on the road. However, if you love to buy exotic, high-powered vehicles or drive as an elder, you might not escape the high-risk category. Still, that might be a small price to pay to have your favorite cars or continue driving as a senior. 

Who provides high-risk auto insurance?

Regardless of why you’re a high-risk driver, you’re going to need high-risk auto insurance. Some major car insurance companies offer this type of coverage. Geico and Progressive are two great examples. 

But as with any major insurance company, you’re going to come across steep prices. Big providers like to use industry algorithms to determine their rates, but these algorithms are exploitative and usually increase your policy’s price. 

What’s worse is that nonstandard auto insurance companies that are willing to cover the riskiest drivers also charge higher rates. These nonstandard businesses know it’s hard to find high-risk auto insurance at standard providers, and they take advantage of this information by demanding high prices. 

How much is high-risk auto insurance?

The cost of your high-risk auto insurance will depend on various factors, including your location, driving history, gender, age, and the type of coverage that you want. However, the national average for high-risk auto insurance is $1,427 per year. That’s about $118 per month. 

If you want full coverage, that price can double, especially once major and nonstandard providers consider other factors. But if you want minimum coverage, that price will decrease, but not significantly enough to brag about it. 

NerdWallet found the average rate for high-risk auto insurance if you want full coverage and minimum coverage. The media outlet also examined why you might be a high-risk driver to better predict the price you’d pay. Here’s what their research suggests. 

The average rate for high-risk auto insurance for a 25-year-old with poor credit is the following: 

  • Full coverage: $2,894 per year
  • Minimum coverage: $1,195 per year

The average rate for high-risk auto insurance for a 40-year-old with poor credit is the following: 

  • Full coverage: $2,506 per year 
  • Minimum coverage: $1,078 per year

The average rate for high-risk auto insurance for a 25-year-old with an at-fault accident is the following: 

  • Full coverage: $2,451 per year 
  • Minimum coverage: $1,008 per year 

The average rate for high-risk auto insurance for a 40-year-old with an at-fault accident is the following: 

  • Full coverage: $2,146 per year
  • Minimum coverage: $910 per year

The average rate for high-risk auto insurance for a 25-year-old with a DUI is the following: 

  • Full coverage: $2,911 per year
  • Minimum coverage: $1,204 per year

The average rate for high-risk auto insurance for a 40-year-old with a DUI is the following: 

  • Full coverage: $2,531 per year 
  • Minimum coverage: $1,079 per year

Regardless of the situation, high-risk auto insurance is typically expensive, making it imperative to find the best rate possible. And while options are few, you can find great coverage for a reasonable price. 

Who offers the best high-risk auto insurance?

If you want high-risk auto insurance at a fair rate, you shouldn’t use a major provider or a nonstandard agency. 

For the best coverage, use Barry Risk Management, Inc. Our parent company is Barry Risk Management, a business that specializes in helping people find and purchase the proper coverage for all of their everyday essentials.

With their help, Barry Risk Management, Inc. finds the best rates and coverage for high-risk drivers. Instead of relying on manipulative industry algorithms to find a policy, Barry Risk Management, Inc. manually reviews yours needs to match them with the ideal coverage. 

You don’t have to worry about paying ridiculously high prices or spend all of your shopping around for a fair deal. With Barry Risk Management, Inc., you can get high-risk auto insurance at a great rate in no time. 

If you need high-risk auto insurance, contact Barry Risk Management, Inc. today to discover a policy and auto insurance quote that works for you!

What is Commercial Insurance? Here’s Everything You Need to Know

commercial insurance education

Starting a business doesn’t just require action. It requires strategic planning.  

Sales, marketing, product development, and customer service are just a handful of factors that you have to create plans for — and those plans will determine whether or not your company succeeds. 

However, before you start brainstorming ideas and winning strategies for your business, you have to take a step back and consider the foundation you’re building your company on. Are you growing a business on solid ground to protect it from crumbling if something goes wrong? 

Do you have a strategic plan that can guarantee your business stays standing if a natural disaster hits your company, an accident happens on the job, or an unplanned disruption affects your cash flow, causing you to lose income? 

If not, then you need to learn about commercial insurance. It’s a crucial part of the rock-solid foundation that you should build a company on. 

What is commercial insurance?

The definition of commercial insurance is simple. It’s insurance that protects your company and employees. 

While glossed over, it’s important to remember that commercial insurance isn’t just beneficial for your business. It’s beneficial for everyone who works with you.

It protects your company and your employees from accidents, crime, disasters, liability, and financial loss if a tragic event impacts business activities. By having commercial insurance, you’re giving yourself and your employees peace of mind knowing that the worst of the worst could happen, but you’re still covered. 

what is commercial insurance?

Are there different types of commercial insurance? 

While not commonly known, there are various types of commercial insurance. And as a business owner, it’s your responsibility to assess the risks your company could face to determine the best coverage to get.

Your primary goal should be avoiding financial loss. As such, you’ll need to consider your business’s vulnerabilities and assets to choose the policies that fit your needs. Many types of commercial insurances can help prevent financial ruin. But to keep things simple, here is a handful of important policies for you to contemplate. 

1. Commercial Auto Insurance 

It’s not uncommon to have a motor vehicle for your business operations. Whether it’s a car, van, or truck, you might find that it’s imperative for your company to have a commercial vehicle to be successful. 

If this is the case, you should think about getting commercial auto insurance. This coverage will protect you if someone steals or damages your commercial vehicle. And what’s even better is that it’ll cover your employees who are responsible for driving your company’s cars, vans, or trucks.

When you have commercial auto insurance, you’ll have a policy in place that covers your losses in various scenarios, including: 

  • Medical payments 
  • Theft
  • Vandalism
  • Bodily injury liability
  • Collision coverage
  • Property damage liability 

With so many benefits, getting commercial auto insurance will be critical if you have business vehicles. 

2. Business Disruption Insurance

Sometimes, you can experience financial loss because of an unplanned event. For example, a pandemic, natural disaster, or fire could affect your business activities, leading you to miss sales targets and lose money. 

For these unpredictable and tough situations, business disruption insurance is ideal. It’ll cover your losses during the time that your company’s operations are stalled. For example, business income insurance will cover: 

  • Loan payments 
  • Taxes
  • Lost profits 
  • Rent
  • Mortgage payments 
  • Moving to a temporary location
  • Employee wages

With this policy in place, you can rest easy knowing that your company is safe and secure if an unfortunate event occurs. 

3. Commercial Property Insurance 

Unless you run a remote workforce, property insurance is critical. If your company operates in a physical location, you need a policy to cover the building, equipment, and land. 

If your property is stolen, vandalized, or damaged because of a natural disaster or fire, commercial property insurance guarantees that your business and employees are covered. 

4. Workers Comp

If you plan to have employees, you need to think about worker’s comp. This type of insurance covers businesses that have employees, and it’s typically required in most states. 

Your employees want to work for a company that protects them, and some states appeal to this desire by demanding business owners get workers comp. 

With this insurance, you’ll have a policy that pays out benefits to employees who become disabled, sick, or injured on the job. And if the worst-case scenario happens where an employee dies because of a work-related event, the employee’s family will receive the benefits. 

Getting workers comp ensures you give employees the protection they need and your business the coverage it needs. Quite simply, without this insurance, your business could get sued or experience significant financial loss if an employee gets hurt, sick, or dies because of work.

5. Business Owner’s Policy 

If you’re a small business owner, there’s commercial insurance that’s specifically tailored to your needs. Business Owner’s Policy provides small businesses with liability and property and income protections.

This type of policy is great if you need a combination of a few things instead of a full suite of coverage. It includes business income insurance, commercial property insurance, and commercial general liability insurance, which are crucial policies for most small businesses.

Do you need to get commercial insurance?

Despite the various reasons for getting commercial insurance — like covering financial loss if your company experiences a crime, natural disaster, theft, or vandalism — you still might be wondering if you actually need commercial insurance. 

The short answer? Yes. 

Unless you want to pay out of pocket when something goes wrong, you need this type of insurance. You don’t want to pay thousands of dollars if your company gets flooded or encounters a liability claim.

Those types of scenarios can lead to financial ruin, especially if you’re a small business owner. 

How much does commercial insurance cost? 

how much does commercial insurance cost?

Once you decide to get commercial insurance and know which policies are necessary, you’ll want to find an insurance company that’s going to provide you a reasonable rate. 

Most insurance providers are going to assess various factors when determining your costs, including: 

  • The type of company you have
  • Where your business is located
  • Your gross annual income 
  • How many employees you have
  • How long you’ve been in business
  • Any commercial property that you own
  • Any commercial vehicles you own 
  • The training resources and procedures you have for employees

All of these elements will determine how much you pay for your commercial insurance. Some policies are more expensive than others, but generally, each policy is less than $100. 

How to get commercial insurance

Getting commercial insurance is easy. There are plenty of providers who offer this policy. However, the hard part is determining which insurance provider to choose. 

You should work with a company that has knowledgeable agents, reasonable rates, and your best interest in mind. And Barry Risk Management, Inc. meets these criteria. 

Our parent company is Barry Risk Management, a business that specializes in helping people find and purchase the proper coverage for all of their everyday essentials.

With Barry Risk Management, Inc., you’ll find guidance, great policies, fair prices, and a company that protects you and your employees when things go wrong. If something bad ever happens, you can count on Barry Risk Management, Inc. to help you out. 

Don’t start your business on a rocky foundation by going with a terrible insurance agency. Set you and your employees up for success by working with an insurance company that wants to see you succeed. 

Use Barry Risk Management, Inc. to protect your company from financial loss.

For commercial insurance, contact Barry Risk Management, Inc. today to speak with a representative. 

How Long Does It Take to Get Renters Insurance?

how long does it take to get renters insurance

There are a handful of insurance policies that are easy to get. One of them is renters insurance. It takes about 10 – 30 minutes to apply for and buy.

Other insurance policies, however, aren’t so simple.

Take health insurance, for example. Acquiring this type of coverage requires you to know the correct enrollment date, wait to apply, fill out multiple forms, and read through tons of policies until you discern the right one for you. 

If you’re unequipped to understand all of the terms in the policies, it can take hours to determine the best health insurance to buy. What’s worse is that other types of coverages are just as challenging to purchase. 

Disability and life insurance can take several weeks to get if there’s an underwriting process involved. And to be frank, there typically is one. 

But renters insurance isn’t like that. It’s one of the quickest types of coverages that you can purchase. Of course, it still depends on the insurance company that you go through. If you use a lousy insurance agency with bad representatives, you will experience a horrible process. 

However, with the right company and agents in place, getting renters insurance is simple and easy.   

How do you apply for renters insurance?

how long does it take to get renters insurance after you apply

While you aren’t legally required to get renters insurance, your landlord might request it if you want to sign a lease.

In this situation, you probably want to get renters insurance quickly, especially if you’re seeking a residence that’s in high demand. But luckily, applying for renters insurance doesn’t require too much time.

You just have to provide simple information, including: 

  • Your address
  • The type of dwelling (house, apartment, condo, townhouse)
  • The purpose of the unit (personal use or commercial use)
  • Any pre-existing damage 
  • The family members and roommates you want on the policy
  • The monetary value of your possessions 
  • Any burglar alarms, smoke detectors, and fire alarms in the residence
  • Previously filed claims 
  • Any pets that will live in the unit with you

After you provide this information, a credible company will suggest different types of renters insurance coverage. Then, all you have to figure out is which policy you want. 

What does renters insurance cover?

Like most types of insurance policies, renters insurance covers a few foundational things. In fact, there are five aspects where renters insurance comes in handy. 

1. Personal property

If one of your possessions gets damaged or stolen, this coverage is ideal. It’ll cover the cost of anything that you misplaced or that someone took, ensuring you experience a little peace of mind. 

2. Personal liability

What if you injure yourself or notice some property damage in or outside of our residence? Personal liability coverage has your back. It’ll cover any legal costs that you incur so that you don’t pay a hefty bill at the end of the day. 

3. Medical expenses

If someone gets injured in your residence, the medical payments can be pricey. Thankfully, your renters insurance covers it. This benefit will prevent you from tackling any expensive medical bills on your own, saving you cash and time. 

4. Deductible

Before your insurance kicks in, you have to pay a certain amount of money every time you file a claim. Typically, this deductible isn’t too expensive. But it’ll depend on the policy you purchase. 

5. Loss of use

In less than ideal situations, you might have to leave your residence. There could be a safety hazard or an issue with the building. But regardless of the reason, your renters insurance will provide the money for any new accommodations. 

There are benefits to having renters insurance. A good policy can save you plenty of money and provide you peace when things go wrong. But what happens if you need to add more policies to protect your new space?

How long does it take to get additional coverage?

Depending on where you live, you might want to get more than just renters insurance. For example, if you live in a part of Florida that experiences a lot of flooding, or somewhere in California that frequently gets earthquakes, you’ll likely need additional coverage. 

Renters insurance doesn’t typically cover natural disasters. It just covers the basics. If you need more than that, you’ll have to research and find companies that offer flood insurance, earthquake insurance, or whatever type of coverage you need to add.

But it’s important to keep in mind that insurance policies for natural disasters don’t take effect immediately. It usually takes about 30 days after the purchase date for flood insurance to kick in, so it’s essential to buy this before a storm happens. 

Similarly, if you wait for an earthquake to buy earthquake insurance, it will take 30-60 days for companies to even sell policies again. Agents prefer to wait until the “aftershock period” ends so that they don’t suddenly fork over a ton of money for your residence. 

When does your renters insurance policy start?

when does renters insurance start

While it can take 1-2 months for add-on policies to start, your renters insurance can begin whenever you want. After applying, you can determine when your coverage activates. 

You can start it tomorrow, in a couple of days, or a few weeks from now. The decision is in your hands but try not to schedule the effective date for months down the road. 

Some insurance companies won’t let you activate a policy that’s two, three, or four months away. So, your best bet is to buy renters insurance when you know you’re going to use it.

Can you get renters insurance quicker than usual?

Applying for and buying renters insurance is a quick process. But if you want to speed it up even more, there are a few steps that you can take. 

1. Gather information about your residence

Before you start looking for renters insurance, figure out everything you can about your residence. Is there any pre-existing damage? What are the safety features? Are there any previously filed claims? 

Knowing this information before your search begins will ensure you speed up the application process and quickly get renters insurance. 

2. Determine the coverage you need

After you finish the application, you usually compare the renters insurance quotes and policies to determine which one you’re going to get. 

But there’s something you can do to make this process quicker: know how much coverage you need. You can make your decision-making process a lot simpler by already having a good idea of what is and isn’t necessary. 

3. Collect your personal information

To buy renters insurance, you need to provide your Social Security number, previous address, best payment method, and the names of any roommates or relatives that you want to add to your policy. 

While it doesn’t take long to stop in the middle of the application process to gather this information (if you know where it is), having it on hand will save you time in the long run. 

4. Find a good insurance company

Using an excellent company to buy your renters insurance is the most important step, which is why we saved the best for last. The typical ease that you experience when purchasing renters insurance will not happen if you go through a terrible agency.

You need to find a reputable company that has knowledgeable representatives and a seamless online experience. Barry Risk Management specializes in helping people find and purchase the proper coverage for all of their everyday essentials.

With our help, you can get renters insurance as quickly as possible. You can shop policies online without any hassle, and you can reach out to experienced insurance representatives who have the answers to your questions. 

It’s time to get your renters insurance  

Buying renters insurance should be quick and easy. Just use the tips in this article. Then, for the best quotes and policies, reach out to Barry Risk Management, Inc. You’ll find the simplicity and efficiency that you want and have your renters insurance in little to no time.  

Contact a representative with Barry Risk Management, Inc. today to find the best renters insurance quote and policy!

How to Get Workers’ Comp: What Employers Need to Know

how to get workers' comp

When you’re ready to start a business, you’re probably thinking about the product or service you’re going to sell, your sales strategy, your marketing plan, the team you need, and even the documents you have to fill out to become an established company. But what’s something that might not cross your mind as quickly? Workers’ comp, and specifically, how to get workers’ comp. 

Getting workers’ comp insurance is not difficult or the most time-consuming task you’ll have to complete when you start your business. In fact, if you want to get workers’ comp coverage, you only need to find an experienced insurance company to help you. 

With workers’ compensation laws varying across state lines, you’ll want to seek an insurance provider that understands your business’s unique needs. Let’s be honest. The last thing you want is for a workplace injury or illness to occur, and your insurance provider fails to help you. 

A great provider is going to set you up for success in case one of your employees falls victim to an injury or illness while on the job. However, a great provider will also know if your business needs workers’ comp insurance in the first place. 

how to get workers' comp for your employees

Does your business need workers’ compensation insurance?

Workers’ comp insurance allows your business to pay for an employee’s medical costs and rehabilitation expenses. It can also provide partial lost wages if an employee has to miss work because of an injury or illness. Some workers’ comp policies even offer death benefits if one of your employees dies while performing a work-related task. 

The versatility of this coverage makes it an attractive option for many businesses, and most companies have to purchase workers’ comp insurance if they have employees. But the determining factor regarding whether you need workers’ comp insurance will rest on where your business and employees are located.

You’ll have to check your state’s requirements to discern if your corporation or small business needs workers’ comp. State laws will differ around this coverage. In Texas, for example, workers’ comp insurance is optional for employers to get. But in other states, this law is totally non-existent. 

Most states typically look at the number of employees that your business has to determine if you need workers’ comp insurance. And many states will require you to get the coverage as soon as you hire your first employee, or you’ll face the consequences. 

The penalties of not having workers’ compensation insurance

The consequences of not having workers’ comp insurance will vary state by state. But no matter where you live, the penalty can be brutal, sometimes even resulting in jail time, a hefty fine, or both. 

There are a few states, in particular, that enact severe consequences. 

1. New York: If your business doesn’t have workers’ comp in the city that never sleeps, you might face a misdemeanor or felony. Your fine will be anywhere between $1,000 – $50,000. And you’ll have to pay $2,000 for every ten days that you go without coverage. 

2. Illinois: Without workers’ comp insurance in Illinois, you’re looking at a $500 payment for each day of non-compliance. Your minimum fine will be $10,000, which might sound small if you own a major corporation. But if you run a big company, who wants to spend $10,000 on a fine if that money could go towards a nation-wide marketing campaign? 

3. Pennsylvania: If you’re an employer who is intentionally choosing not to get workers’ comp insurance, you’ll face a felony of the third degree. Your non-compliance might also lead to a $15,000 fine and up to seven years in jail, making you spend much needed time away from your business.

4. California: In this state, it’s a criminal offense not to offer workers’ comp insurance. You could go to jail for up to one year, receive a maximum fine of $10,000, or experience both. And if you own an illegally uninsured business, you could face up to $100,000 in penalties. 

While some states offer harsh punishments for non-compliant businesses, it’s all for a good reason: state officials want to see your business succeed and your employees stay safe. Workers’ compensation coverage is a crucial part of your business’s success, and it provides many benefits for your brand. 

Workers’ compensation benefits 

While it’s easy to think that nothing will physically harm your employees, no workplace is without risk or entirely safe. Even if your company has thorough safety policies, one of your employees could still fall ill or get injured on the job. 

In fact, the U.S. Bureau of Labor Statistics found that private industry employees in 2018 experienced 2.8 million nonfatal workplace illnesses and injuries. This research mirrors the data from 2017, which suggests that workplace injuries and illnesses aren’t declining or going anywhere. 

Your business needs to be prepared for the worst-case scenario. And you can prepare your company by having workers’ comp insurance. This coverage will benefit you in the long run. 

If an employee becomes injured or ill on the job, you won’t have to pay out of pocket for their medical treatment or suffer any fines or consequences. With workers’ comp insurance, the process of resolving the injury or illness is simple and painless.  

How to tackle workers’ compensation claims

If one of your employees experience a work-related injury or illness, it can feel devastating as a business owner. Thankfully, the claims process can help you settle the injury or illness effectively. You just have to follow a handful of steps. 

1. Go to an approved medical professional 

When one of your employees is injured or ill, find and seek medical assistance. Don’t hesitate to take this step.

Immediate medical attention is necessary as any delays can put your employee’s health at risk. Once you get an approved healthcare professional involved, the physician will create a medical report to file along with your employee’s injury claim. 

2. Jumpstart the claims process

As the business owner, you are responsible for starting the claims process. It is your job to offer the correct documents, contact information for your brand’s insurance company, and resources about the claims process. After you have all of this information, give it to your employee so he or she can take the next step.

3. Have the employee file a claim

Once you’ve compiled everything that your employee needs, have your employee file a claim with your insurance company. But please make sure your employee pays attention to the deadlines. 

There’s a specified amount of time that employees have to file a claim, and it differs from state to state. If your employee takes too long to contact your insurance company, he or she might not receive benefits, causing frustration and disappointment on their end.

4. Experience the benefits of workers’ comp insurance

After your insurance company approves the claim, your employee can start getting workers’ comp payments. Your employee will likely receive money for their rehabilitation expenses, medical costs, and two-thirds of their wages while they stay home from work. 

5. Create a smooth transition back to work

Depending on your employee’s illness or injury, you’ll need to determine the best time for them to return to work. It might make sense for your employee to come back full time or part-time until they can handle a full work week. 

But the most important thing to consider in this decision is a doctor’s advice. You’ll want to check in with the physician to get the best recommendation on when and how your employee should return to work. And you’ll want to make sure you offer a smooth transition by having the right accommodations in place. 

These steps in the claim process are not difficult to implement. And sometimes, you can work around them entirely if you and your employee reach a workers’ comp settlement. This type of agreement is voluntary and allows you to resolve the case by giving your employee a lump-sum payment that you both agree on. Once you finalize the settlement, you resolve the case permanently. 

How to get workers’ comp through the best providers 

Workers’ comp insurance is one of the most beneficial things that you can get for your company. It protects you, prevents out of pocket costs, and provides your employees with benefits in case they get injured or ill or the job.  

Of course, you’ll still want to put policies in place to ensure you decrease the risk of workplace accidents. It’s important to conduct ongoing safety training, encourage employees to share concerns and questions about safety, and provide information about your insurance plan. 

But none of those steps should replace your responsibility to get workers’ comp insurance. If you want to obtain this coverage, find a good insurance provider to help you. Then, contact a representative at the company. 

Businesses like Barry Risk Management, Inc., for example, have plenty of representatives who can help you get workers’ comp insurance in your state. Barry Risk Management, Inc. make the process easy and straightforward, so it doesn’t take long for you to get this coverage. And their representatives have the proper knowledge to ensure your workers’ comp insurance is tailored to your business’s unique needs. 

For more information, contact Barry Risk Management, Inc. to learn how to get workers’ comp in your city to protect you and your employees!

How Much is Motorcycle Insurance?

how much is motorcycle insurance?

So, you finally bought your dream vehicle: a motorcycle. Whether you’re riding a Harley-Davidson, Yamaha, or street bike, you’re probably ready to cruise on your sleek, two-wheel motorcycle to experience the freedom of the open road. 

But before you hop on your new ride, there’s one thing you need to have: motorcycle insurance.

How much will you pay for motorcycle insurance?

Most U.S. states require you to have motorcycle insurance, but every rider can benefit from having coverage. Research suggests that the average rate for motorcycle insurance in the U.S. is $702. That price is for one full year of coverage. 

But the cost of motorcycle insurance ultimately comes down to your location. For example, if you live in California, your monthly rate will be around $113. If you live in Arkansas, however, that price drops to approximately 64 bucks. 

Of course, plenty of states fall somewhere in between that range. Motorcycle insurance in states like Arizona, Missouri, Florida, Rhode Island, and Georgia costs anywhere between $74 – $78. And motorcycle insurance in Louisiana, Michigan, and New York cost $81 – $98. 

Your motorcycle insurance price will depend on the state you call home, so you can’t base your rate on what your friend or family member is paying in another city. But what’s also important to consider is that other factors — excluding your location — can determine how much your motorcycle insurance cost. 

Key factors that play into the cost of motorcycle insurance

Like car insurance, the price of your motorcycle insurance will also depend on factors that have nothing to do with the state you live in. The good news is that most of the factors are pretty common and unsurprising.

1. Your age

It’s not uncommon for insurance providers to demand higher premiums for younger riders. The average cost for motorcycle insurance for an 18-year-old is $1,428. For a 21-year-old, the cost decreases to $1,365. For a 35 or 50-year-old, the price drops to about $1,083.

However, those numbers are just an average. A motorcycle insurance provider will also look at the type of motorcycle you have, and then use your age to determine your rate. 

For example, if you’re an 18-year-old with a 2019 Yamaha V Star 250, the average cost for motorcycle insurance is $987. But that price drops to around $753 if you’re a 35 or 50-year-old riding the same motorcycle.

2. Safety and risks

This factor might seem obvious, but motorcycle insurance providers put enormous thought into this component. Insurance companies want to refer to as much risk and safety information as possible to determine your rate. So, the type of motorcycle you have will play a significant role. Most providers will consider four key components: 

  • Theft rate: If a specific type of motorcycle is frequently stolen, insurance providers will charge a higher price to cover it. The high cost is a result of the likelihood that providers will have to pay out for a comprehensive claim. 
  • Motorcycle value: Expensive motorcycles cost more money to replace and repair. Consequently, providers require more money to insure them if you want collision and comprehensive insurance. 
  • Crash rate: Unfortunately, some motorcycles models are in more accidents than other bikes. If your motorcycle typically gets into accidents, insurance providers will assume you’ll need to file a claim at some point and charge a higher price for insurance. 
  • Bike safety: Unlike crash rate, if your motorcycle has an abundance of safety features, providers will assume you’re less likely to get into an accident. Because of this, your cost will be cheaper. 
  • Engine capacity: If you have a large displacement engine, you might notice a higher rate for your motorcycle insurance. A larger displacement engine signals an increased likelihood of a crash and more claims or tickets, so providers like to charge for those risks.  

3. The type of motorcycle 

Certain motorcycles require you to pay higher prices for your motorcycle insurance. Street bikes like sport and supersport bikes typically cost more money to insure. 

In fact, sportbikes cost 362% more for insurance than cruiser style motorcycles. Touring bikes, on the other hand, are 47% cheaper to insure than sportbikes. 

how much is motorcycle insurance?

What are the requirements for motorcycle insurance?

How much your motorcycle insurance costs will depend on a wide variety of factors. But the type of insurance you get is something you have a bit more control over. 

Most U.S. states only require you to get liability insurance. This type of insurance pays out for someone else’s injuries or damages if you cause an accident. The lowest amount of liability insurance that you need will be the same as your state’s car insurance minimum requirements, so be sure to research that information. 

However, it’s always a good rule of thumb to consider buying extra liability. If you get sued because of an accident, additional liability can protect your assets. Creditors can easily come for your assets if someone sues you, and minimum liability might not be enough to safeguard you and pay for your claims and legal costs. 

You’ll also want to make sure that your bodily injury liability insurance covers passengers, as this is a requirement in several states. Some states even want you to have underinsured and uninsured motorist coverage. This type of insurance pays for injuries that a driver — without insurance or enough insurance — caused during an accident. 

What type of coverage options are available? 

There are various coverage options for motorcycle insurance. And the options are similar to the ones that you see for auto insurance. You can choose from a list of coverage options, including: 

  • Comprehensive Coverage: Providers will pay out if your motorcycle is damaged or stolen. There’s only one caveat. Comprehensive insurance does not cover anything if you get into a collision with another vehicle. 
  • Collision Coverage: This option guarantees that providers pay out damage to your motorcycle minus your deductible.
  • Personal injury protection: This policy pays out for medical bills that you obtain because of injuries to you, your passengers, or pedestrians who were hurt during an accident. Providers will pay out regardless of who’s at fault for the accident. However, some states do not provide this insurance. 
  • Medical payments: This insurance is not available in every state. But it covers medical bills if you or another passenger gets hurt in an accident. However, it’s unlike personal injury protection because it doesn’t cover lost wages or other expenses. 

Can you get motorcycle insurance discounts?

Once you choose the type of coverage that you want, you might be eligible for a discount. Not every insurance provider will offer them, but there’s no harm in checking with an insurance company to see if there are any price breaks. 

There are several ways that you can get a discount:

  • Purchase another type of policy from the same insurance provider
  • Finish a motorcycle rider training course
  • Have a clean driving record
  • Find another motorcycle to insure under the same policy
  • Join a motorcycle riders group
  • Ask if the insurance provider offers a mature rider discount if you’re over 55-years-old or a longtime motorcycle rider

Getting a discount isn’t impossible if your insurance provider offers them. All you need to do is find a great provider and do a bit of research to see if any discounts are available. 

motorcycle insurance for Harley Davidson

Finding the best rate for your motorcycle insurance 

It should be obvious — the cost of your motorcycle insurance will depend on a variety of factors. The type of coverage you want, the discounts available, the bike you have, the risks involved, and your age will all play a significant role in determining your price. 

To get a reasonable rate, you need to find a great insurance provider who will take everything into consideration but still try to provide a great deal. Fortunately, Barry Risk Management, Inc. offers the best motorcycle insurance for your new ride. Just contact one of their representatives, and they’ll give you a quote that’s better than any of its competitors. 

To learn more about Barry Risk Management, Inc.’s motorcycle insurance, go here to contact one of their representatives for motorcycle insurance quotes.