Benefits of Alarm Systems on Your Commercial Insurance Policy

Protecting your business in Jackson, MS is a top priority. To do this, you need the right commercial insurance policy. But to really get the benefits of this policy, there are a few things you need to do: meet state requirements, install alarm systems, and then relax knowing that your business is protected every moment of every day. Read on to learn more about getting the most out of your commercial insurance policy. 

Meet State Requirements

Generally speaking, fire alarms are a state requirement for your business to meet local, state, and federal fire codes. The systems vary from simple to highly sophisticated, depending on the size and scope of your business. They are also often required by your insurance carrier. 

Get a Discount on Your Premium

When you install qualified alarm systems, most insurance companies will give you a discount on your commercial insurance policy. However, many companies require that you first install the required alarm systems before purchasing your policy. The most common alarm systems for businesses are fire and security alarms. In some cases, your insurance carrier may mandate a very specific fire and alarm security system that you need to install.  

Have Peace of Mind

After installing the qualified fire and security system at your business location in Jackson MS, you will have peace of mind knowing your business is protected. A security alarm reduces the risk of theft, while a fire alarm reduces the risks of having your entire business go up in flames.  

To learn more about purchasing a commercial insurance policy in Jackson, MS and how to maximize your savings and other benefits, contact the team at Newman Insurance Agency. Our friendly agents will answer all your questions, help you compare quotes, and find the perfect policy for your business. Call Newman Insurance Agency today at 601-487-6801.

 

Is whole life insurance a good financial investment?

At some point in your life, you will probably be considering whole life insurance and the part that it can play in your overall financial picture. Your financial future depends on a complex combination of investments, savings, and life insurance. If you live in or near Jackson, MS the Newman Insurance Agency has the knowledgeable staff who can help you make the decision that is right for you when it comes to whole life insurance. 

The answer is not as straight forward as it might seem. Whole life is a safe way to save but if you are young, being able to get the amount of whole life insurance that you might need to protect your family in the event of your death might be more expensive than you can afford. To get large amounts of coverage, term life insurance would be a better investment. While you will not accrue any cash value, you will be able to cover a mortgage and provide money for your family to survive without you. 

Having said that, whole life can be a good financial investment for the long term. Purchasing an affordable amount of whole life when you are young can give you financial security and cash value when you are older. It also allows you to borrow from that cash value if that need should ever arise. Not all whole life policies are created equal and that is where it is important to discuss what you want from your policy with your financial advisor or insurance agent. 

Making sure that your financial future is secure with a variety of investments, savings and insurance is what most people want. Give the agents at the Newman Insurance Agency in Jackson, MS a call, stop by the office or visit our website. We would love to share our knowledge with you. 

How much auto insurance do you need in Jackson, MS?

Jackson, MS is the capital of Mississippi and home to more than 500,000 residents. The Freedom Trail runs through the city as do other historic sites. There is much to love about Jackson. You, however, may experience the worst of the city if you do not have proper car insurance.

The state of Mississippi requires all two million of its drivers to operate vehicles that are covered by at least liability assurance. Newman Insurance Agency can help you find the indemnity policy that best satisfies your lifestyle. Call them when you want to make sure that you are adequately protected. For now, read on to learn about Mississippi car insurance minimum requirements.

Auto insurance requirements in Jackson MS

Mississippi state law requires drivers to have at least liability insurance. The minimum requirements for policies are as follows:

  • $25,000 bodily injury per person/ $50,000 for all involved in an accident

  • $25,000 for property damage

Drivers are not required to have coverage outside of liability assurance. It is, therefore, not necessary to purchase uninsured motorist protection as well as collision and comprehensive coverage.

Is the bare minimum enough?

You may want to consider buying full coverage with an uninsured motorist and comprehensive and collision coverage even if the state does not require such protections. Mississippi tort law holds the individual who is at-fault in an accident financially responsible. Drivers can, in other words, be sued if their insurance plans fall short.

The agents at Newman Insurance Agency can help you find the auto indemnity plan that works best for your lifestyle. Contact them today to get started with a quote and get one step closer to financial security on the road!

Why You Should Get Commercial Auto Insurance for Your Business

Are you aware that most of the personal car insurance policies out there do not cover business driving? This is because it is considered riskier than personal driving. Someone who is behind the wheel for work purposes stands more of a chance of getting into an accident or receiving damage to his or her vehicle. Also, it can violate terms of your personal auto policy. Personal car insurance is only for private use, and it is priced accordingly. Find out more by talking to a professional agent at Newman Insurance Agency, serving the Jackson, MS area.

Higher Degree of Risk

When you use your personal vehicle to conduct work-related tasks/services, you are more at risk. Your insurance policy doesn’t include this if you only set it up as a personal insurance policy. For this reason, the company can deny an insurance claim if you get in an accident while you are using your automobile for business purposes. In the worst case scenario, you might be dropped as a customer.

This is why it is ideal to purchase a separate car insurance policy for business use, known as commercial auto insurance. Even though your personal policy may cover instances in which you do some types of business driving, like a commute to meet a client within a short distance, you do not want to take any big chances.

How to Get Commercial Auto Insurance

It is a fairly simple process to get commercial auto insurance. Notify your insurance provider that you use your vehicle for business, as well (or exclusively). They may decide to add a certain designation to your policy to cover it.

Keep in mind that there are a few types of business car insurance. For instance, you either have a car that your business owns to be used as a commercial vehicle or one that is also your personal car. Those that are owned by employees or rented from an outside agency would fall under the category of hired and non-owned auto insurance.

Regardless of what type of business auto insurance you need, it is important to reach out to experts such as the Newman Insurance Agency of Jackson, MS.

 

How Much Home Insurance Do You Need?

One of the biggest mistakes you can make is not getting enough home insurance in Jackson, MS. If disaster strikes, you want to be able to rebuild.

Dwelling Coverage

The dwelling coverage you need should equal the replacement cost of your home. Calculating replacement costs can be a little tricky, but you want to take the square footage of the home and multiply it by location construction costs. You can also have a professional give you an estimate. Speak with an agent at Newman Insurance Agency in order to make sure you have enough coverage for replacement costs. You should check replacement costs every few years because different things affect it. Factors that can affect replacement cost include remodeled kitchens, new building codes, additional structures and rooms, rising construction costs, prices of building materials, and hard to replace features.

Personal Property Coverage

In addition to having enough coverage to protect the structure of your home, you also need enough to cover your belongings. It’s easy to underestimate how much stuff you have, so it’s possible to underinsure personal property. Make an inventory of everything you own. Take photos, especially if items are more expensive. This may sound like its going to take some time, but it’s worth the effort if you need to end up replacing your stuff after belongings are damaged. Pay attention to expensive and rare items, such as jewelry, and get extra coverage if you are going to hit your limits.

Liability Coverage

Most policies will have a minimum of $100,000 in this type of coverage. You should try to have more and aim for between $300,000 and $500,000 if you can afford it. If you have a dog, you will need to know if your breed is considered high risk and may need more coverage.

Contact Newman Insurance Agency, serving Jackson, MS, to get a quote on home insurance. 

3 Tips for Buying Auto Insurance in Missouri

In Jackson, MS, it is required by state law for all drivers to have auto insurance. Whether you’re looking to buy your first auto insurance policy or make a switch, there are a few ways you can actually save money in the process. Read on to learn about the best three tips for purchasing auto insurance in Jackson, MS.

1. Compare Quotes

It’s always a good idea to compare a few auto insurance quotes from different insurance companies. This will help you to determine costs vs. coverage and find the best policy for your needs at the best price. A reputable agent from Newman Insurance Agency can help you analyze each quote, looking at the fine detail, to choose the best policy.

2. Bundle Your Insurance Policies

Do you have another insurance policy, such as home insurance, renters insurance, or another auto insurance policy? If so, it’s a good idea to bundle these policies together under one insurance company. When you choose to bundle, you can expect to save money on your insurance premiums, which adds up fast.

3. Work with a Reputable Insurance Agency

Trying to buy auto insurance on your own may not get you the best policy out there. Instead, work with a reputable agent whose job it is to know all the ins and outs of auto insurance. A reputable agent will be able to help you find the right policy for your driving needs and help you save money along the way.

To learn more about purchasing auto insurance, contact the team at Newman Insurance Agency. We will answer all your questions and guide you step-by-step through this process. Come visit our office in Jackson, MS.

Commercial Insurance – Considerations for those who engage in multiple facets of business

Multitudinous forms of commercial insurance currently permeate our very accident prone, overly preventative society as a whole. And of these, many businesses alike have made their every attempt to offer their clients and employees substantial forms of coverage to help assist them in the event that something does not go as planned. And in today’s day and age, that tends to happen more often than before and not always with prior warning. On that note, thus, it’s always good to be prepared and have a plan B and C (even a plan D, in case the prior three fail). Thankfully, there are all kinds of commercial insurance coverage forms that one may elect to get, such as commercial crime insurance, commercial officers’ liability insurance, commercial directors’ liability insurance, commercial worker’s compensation insurance, commercial auto insurance, commercial malpractice insurance, and so many others. 

There’s even commercial ordinance or law insurance, of which most reputable businesses tend to posess, in some form or another; even smaller businesses hold a lesser degree of minimal coverage, but at least some. It is never wise to be uninsured. And professionally licensed, recognized businesses in their trade will not think twice before getting coverage, despite the toughest of premiums potentially imposed by the plan offered; they know it’s a "must" if they want to keep their doors open and even be able to hold a more serious reputation. And did we mention that this type of commercial insurance also covers natural disasters and their ongoing destruction? It all falls under "commercial", many times.

Newman Insurance Agency, working for those who live in Jackson, MS, is never short of an answer to your problem. Let it help you with what you need. The agency is all about results. Call now for more or visit our office in Jackson, MS. Get insured! 

Step By Step: Insuring Valuables In Your Home

You may think that your Jackson, MS homeowners insurance policy will provide coverage for all your valuables in the event of a theft or home damage, but most basic policies only provide limited coverage – and possibly no coverage – for specific items that are damaged or stolen, including typically expensive possessions.   

For example, your homeowner’s policy may have a $1,000 to $1,500 amount of coverage for art or jewelry if the loss is due to theft. But if items valued at more than $2,000 are stolen from your home, you’ll only receive $500 to $1,000 from your policy to replace the stolen items.   

What Is An Insurance Rider? 

An insurance rider also called an insurance endorsement, can provide increased coverage to protect your valuable possessions. For an additional premium, this endorsement can offer you increased protection from theft or damage to high-end valuables like antiques, jewelry, computers, electronic equipment, collectibles, and artwork.  

Have Your Valuables Appraised 

Your possessions may be worth more than you think. To help you determine whether you need additional coverage, talk to your Newman Insurance Agency representative about coverage and consider having your valuables appraised. An appraisal will help you determine whether or not your current Jackson, MS homeowners insurance policy will cover the full value of your property. 

Create a Home Inventory 

In addition to having specific valuables appraised, it’s smart to take stock of your possessions by creating a home inventory. Take photographs of all your valuable properties, make a list of all items of value, and keep all your receipts and appraisals in a safe location – away from your home.  

Safeguard Your Personal Valuables 

If you have valuable items in your home, you need to ensure your homeowner’s insurance policy covers them in the event of a loss. Call your Newman Insurance Agency representative today to find out if your irreplaceable valuables are covered by your current homeowner’s insurance policy. 

Do You Need Comprehensive Insurance If You Are Financing Your Vehicle?

Owning a new vehicle is exciting and gives you a sense of achievement. Part of owning a new vehicle is taking care of the many obligations you have, including providing the proper amount of coverage to protect it from losses. If you are financing your vehicle, you may wonder if you have to have comprehensive insurance the entire time you are paying for your new vehicle.

Insurance And Financing

If you are financing your new vehicle, you will be required to provide full coverage insurance, including comprehensive, to protect their investment and yourself. You are required to have this type of coverage the entire time you are financing your vehicle. Consult the sales agent and the financing company to find out what limits of coverage you require before you begin shopping for your insurance policy. Always make sure you purchase your insurance before you leave the dealership. In some states, it is a law that you must carry full coverage insurance before leaving the lot. 

Finding The Right Coverage

If you are looking for full coverage insurance for your new vehicle, then you need to work with an insurance company that can anticipate your needs and recommend coverage that will adequately protect you from any financial losses or gaps in coverage. This is especially important if you have a luxury vehicle or you have especially high risks. If you live in or near the Jackson, MS area, you can count on Newman Insurance Agency to guide you through the process of selecting the right coverage and help you get the policy you need.

Don’t take chances with your new vehicle. Find the full coverage you need if you live in or near the Jackson, MS area with Newman Insurance Agency. We can work with you one on one and answer all of your questions. Stop by or call today for more information. 

Why Do You Need Personal and Commercial Insurance in Jackson, MS?

Just because you have insurance does not mean that you have the right kind of insurance for your situation. There is a vast difference between personal and commercial insurance, and you must understand these differences so that you can cover your needs.

There is nothing worse than buying an insurance policy and realizing that you do not have the correct kind of coverage when something happens. Here are the major differences between commercial and personal insurance that you should understand according to the state laws of Mississippi.

Personal Insurance in Mississippi

Your personal insurance is the more common type of insurance. Although 12% of people are completely uninsured in Mississippi, more of them have personal insurance than commercial insurance. Why? It applies to more situations.

You will need personal insurance to protect your personal well-being and the assets that you personally own. This includes your house, your car, furniture, boats, skis and other things like jewelry and heirlooms. Because these items are not owned by a business, they cannot be covered by commercial insurance.

Commercial Insurance in Mississippi

Under Mississippi law, you must have commercial insurance if you are engaged in commercial transportation. You should also think about having commercial insurance from the Newman Insurance Agency if you own a business in Jackson, MS.

For instance, the furniture that is in your business’ office would need to be covered by commercial insurance. If you have a retail space and an inventory, those things would need commercial insurance in order to be protected under state law.

The Newman Insurance Agency serves the area in and around Jackson, MS with personal and commercial insurance for all situations. Give Newman a call and let one of their established insurance experts help you determine the best insurance plan for your personal and business needs.