If you and your husband have multiple businesses in Chandler, AZ, you may wonder if sharing one commercial insurance policy is possible. The answer is yes! It’s possible to have a single policy that covers multiple businesses. San Marcos Insurance Group explains the benefits of sharing a single policy.

How Sharing a Commercial Insurance Policy Works

When two or more companies apply for the same type of coverage, underwriters will generally combine them into one policy. This makes sense since it eliminates the need for separate policies and can help reduce costs by taking advantage of volume discounts. However, certain factors must be considered before combining multiple businesses into one policy. For instance, the businesses must all be owned by the same people, be located in the same state, and present similar risks regarding coverage needed.

Benefits of Combining Policies

Combining your business-related insurance policies into a single package allows you to enjoy several advantages, including cost savings due to volume discounts and simplified paperwork. Additionally, having a single policy can ensure that all your business-related liabilities are adequately covered because everything is listed in one document. This can eliminate any gaps in coverage, which could put your business at risk in case of an accident or injury. You also won’t have to worry about overlapping coverage since everything will be included in one comprehensive package tailored to your needs.

If you and your husband own multiple businesses in the Chandler, AZ area, combining them into a single commercial insurance policy may make sense. Contact San Marcos Insurance Group today to learn more about combining policies for multiple businesses!

If you’re in Chandler, AZ, and looking for ways to protect your business from financial risk, San Marcos Insurance Group can help. Commercial insurance is a great way to mitigate the potential risks of owning and operating a business. Commercial insurance can help businesses remain secure and profitable by providing coverage for potential losses and liabilities. If you want to learn more about the benefits of investing in commercial insurance, you’ve come to the right place.

What is Commercial Insurance?

Commercial insurance is a type of policy that provides financial protection for businesses, organizations, and non-profits. It helps to protect against potential losses from uncertain events such as fire, theft, lawsuits, or other unexpected losses. Commercial insurance can help you protect your business assets, cover the costs associated with legal liabilities and provide peace of mind in an unforeseen event.

How Does Commercial Insurance Help Alleviate Risk?

Commercial insurance can help your business manage potential risk in several ways. It can protect against property damage, liability claims, and lost income due to an unexpected event. By providing coverage for the costs associated with these risks, commercial insurance helps businesses manage any harm done by unforeseen events.

Contact San Marcos Insurance Group Today

You don’t have to face the risks of running a business alone. With commercial insurance, you can trust that your assets and operations are adequately protected. San Marcos Insurance Group serves Chandler, AZ, providing comprehensive coverage tailored to meet the needs of your business. Our team of agents is here to help guide you in finding the right plan for your company so that you can have peace of mind. Contact us today to learn more about our commercial insurance plans.

If you are a smoker or tobacco user in Chandler, AZ, you may wonder whether you can still get health insurance coverage. The answer is yes; however, it depends on the type of health insurance plan you are looking for and the carrier from which you purchase the plan. Read on for advice from San Marcos Insurance Group.

Finding Health Insurance as a Smoker 

If you’re a smoker or tobacco user and you’re looking for an individual health insurance plan in Chandler, there are several options available to you. Most carriers will allow smokers and tobacco users to apply for their plans; however, they may have to pay higher premiums than non-smoking applicants. Some carriers will even offer discounts or incentives to those who quit smoking while on their health plan. 

It’s important to note that group health plans don’t typically consider smoking status when determining eligibility or premiums. This means that all employees in a group plan—whether they smoke or not—will normally pay the same rate for their coverage. 

Finding Affordable Healthcare Coverage 

No matter your smoking status, shopping around for the best possible rates on your healthcare coverage is important. Many carriers offer plans in the Chandler area, and it pays to compare prices and benefits among them before deciding which one is right for you. 

In summary, smokers and tobacco users can still obtain healthcare coverage in Chandler, AZ. However, you should be prepared to pay higher premiums than non-smokers depending on the type of plan they select and the carrier from which they purchase it. Contact San Marcos Insurance Group so that we can help you find the right health insurance policy for your needs.

Are you a business owner in the Chandler, AZ area? If so, the San Marcos Insurance Group can provide the commercial insurance protection your business needs. The most important part of a business operation is protecting it from devastating financial loss. The difference could be the company’s ability to continue operations or face the possibility of a shutdown. A commercial insurance policy can make a difference.

There are several types of commercial insurance to choose from. The most common types are liability, property, and workers’ compensation. Simply put, liability insurance covers damage to third parties, property insurance covers any damage to the property of your business, and workers’ compensation covers on-the-job illness or injury to your employees.

Even if you work out of your home, every small business needs protection. If you have business vehicles, you will need business vehicle insurance coverage. Most states will require you to have workers’ compensation insurance if you have employees.

Business insurance requirements will differ from state to state. The names for the various coverage are not always the same among insurance companies. For example, one insurer could refer to coverage for the accidental breakdown of equipment as machinery insurance, while another could call it mechanical breakdown coverage.

Without certain types of coverage, such as workers’ compensation, it puts you in violation of state laws and, in many cases, is considered a felony. This could result in hefty fines and possible jail time.

Also, being underinsured could result in economic losses for the business, as the claim amount could be in excess of the maximum amount that the insurance policy will pay. Underinsurance results from having insufficient coverage or the wrong coverage for your business.

Don’t put your livelihood at risk. Insure it with a commercial insurance policy. The San Marcos Insurance Group can get you started on the road to business security.

What is the need for health insurance? It protects you from the high cost of healthcare. Do you live in or near the Chandler, AZ area? The San Marcos Insurance Group can provide this vital protection.

An accident or illness can befall anyone at any time or age. Without health insurance coverage, any expenses incurred because of accident, injury, or illness will need to be paid by you out-of-pocket. There is no need to risk your savings or financial future. Regardless of age, health insurance is as necessary as car insurance and for similar reasons. To be without either of them is courting disaster.

Health insurance plans cover inpatient care and treatment, ambulance expenses, daycare treatment, pre and post-hospitalization care, and other things. This coverage can be added based on your needs.

Avoiding financial risk is reason enough to make sure you have enough health coverage. Here are some additional reasons:

• Treatment becomes less expensive
• Preventive care helps to keep you healthy
• Peace of mind knowing your finances and health are taken care of
• Those with health insurance are more likely to obtain early diagnosis and treatment, which contributes to improved health.
• Access to prescription drugs and therapies becomes easier.
• Individuals can obtain access to diabetic and asthma medications, contraceptives, and cardiovascular drugs with ease.
• Mental health conditions are more easily managed and treated.

Avoid financial disasters. Just a broken leg can cost as much as $20,000. Why pay this expense out of pocket if you do not have to? Let the professionals at San Marcos Insurance Group provide you with a quote or answer any questions you may have. Contact them today. You will be glad you did.

As a business owner, you have a unique set of responsibilities on your plate. Providing appropriate insurance protection for your business, employees, and customers is one of those essential responsibilities. At San Marcos Insurance Group, serving Chandler, AZ, and the surrounding areas, we can help you make the best insurance choices for your business. Keep reading to learn more about commercial insurance. 

Do I Need Commercial Insurance?

If you are a business owner in Arizona, you are required to provide certain types of insurance coverage under law. This coverage helps to protect your business, your employees, and your customers and clients. Failing to provide proper insurance could result in fines and other consequences.

Even though you may not be required to provide a specific type of insurance, though is not a good reason to ignore the coverage. A sturdy insurance plan protects the investment of time and money you have made into your company. 

What Does Commercial Insurance Provide?

A commercial insurance policy can be customized to suit your needs. In most cases, it will provide the following types of coverage:

• Property damage– This provides money if your property or equipment is damaged during a fire, natural disaster, or burglary. 
• Vehicle coverage– Any vehicles used in the business’s operation must be covered according to state law. Drivers of these vehicles must also be covered. 
• Liability– Liability coverage is crucial to protecting your business and your assets. This coverage will kick in if a customer, client, or employee is injured at work or because of your goods or services. It can help pay for medical bills or legal fees that might occur. 

If you want to learn more about commercial insurance or any other product, please contact us at San Marco Insurance Group, serving Chandler, AZ, and the surrounding areas. 

 

Adults that don’t own health insurance in Chandler, AZ are not fined by the Internal Revenue Service (IRS). Those fees were rescinded in 2018 as a change to the Affordable Care Act (ACA). 

When Did People Need to Pay Fees?

Initially approved in 2010, the Affordable Care Act charged uninsured adults over $600 if they didn’t have coverage. The IRS annually collected the fees. Initially, the goal of the penalty was to encourage adults 25 and older to apply for health insurance. In doing so, they could help reduce medical costs.

When the ACA was modified in 2018, the fee was removed. Thus, there was no need to file a tax exemption to avoid paying the penalty. Nevertheless, there are still some situations where individuals must determine if they’re exempt from policies—for instance, a catastrophic health policy with low premiums but high deductibles. 

Why do I Need Health Insurance if I’m Healthy?

Although you’re healthy now, you don’t know what the future holds. Yes, there’s a good chance you’ll be okay. However, no one can predict the next pandemic or other new illness that can quickly sweep through a population. Ultimately, this is why you should get a health insurance policy.

You don’t have to work a second job to obtain quality coverage. The ACA created an affordable marketplace to help individuals and families obtain policies with smaller premiums. Some programs, like Medicaid, have no premiums and minimum copayments. 

Do you need a health insurance policy? If so, reach out to San Marcos Insurance Group representatives to obtain the one that fits your budget.

Most commercial insurance companies require that you have your policy updated annually. It’s a good idea to stay on top of things by contacting your insurance broker, keeping your policy in order, and renewing your policy as soon as possible. For inquiries and guidance in Chandler, AZ, discuss with San Marcos Insurance Group. 

Commercial Insurance Policy Renewal 

Commercial insurance policies typically have a term between 3 and 5 years. If you don’t renew your policy by the end of its term, you may be subject to several penalties. Among other things, your business may experience a drop in coverage levels, be subject to a higher renewal rate, or even face the possibility of being dropped from the policy altogether. 

Contact your insurance provider before the policy’s end date to avoid these scenarios. Confirm that they will be offering your company coverage for the following year. 

Commercial insurance policies are typically for a term of one year. However, depending on the type of coverage, it may be wise to keep your policy for the long term. For example, if you have a property insurance policy, it is generally smart to keep that policy for the term of your mortgage. 

Even if your business purchases a policy that lasts for one year, it may be advisable to buy a policy that lasts three years or longer. The risk of a claim occurring within the first year of the policy’s start date may be higher than purchasing a policy that lasts longer. 

You can get a commercial insurance policy with a term of less than a year. However, the length of the policy may vary depending on the risk being covered. For example, a three-month term may be sufficient for covering inventory, while a one-year period may be sufficient for protecting significant assets like machinery. 

Key Takeaways 

Most commercial insurance policies have a term of between 3 and 5 years, but it depends on the type of policy and the insurer. You should always check with your broker or insurer to see when your policy ends and what happens at that point. Contact San Marcos Insurance Group to seek help in Chandler, AZ.

Having health insurance can help protect you from high medical bills and give you access to quality medical care if you ever need it. You can access it through your employer or purchase it from a health insurance broker. 

Many people purchase health insurance to have peace of mind. You won’t have to worry about how to pay bills or how much health care you can get. For expert help, confer with San Marcos Insurance Group in Chandler, AZ. 

Much More about Health Insurance 

If you don’t have any health insurance, then you are at risk of not being able to receive the medical attention that you need if you are sick or injured. Not only is it essential to have health insurance, but you should also make sure that you choose the right plan that fits your needs and budget. 

There are many different plans, and you must know precisely what you are getting with your coverage. Health insurance will protect you from high medical bills if you ever need to see a doctor. It will also help you with the quality of care to visit a specialist. 

When you’re admitted into the hospital, it offers the right help. It will also help you receive proper treatment if you ever need to undergo a long recovery process. Being healthy is essential for your overall quality of life, but protecting your financial well-being is also important. 

In the event of a severe health problem or accident, health insurance can help you receive the medical attention you need and the financial assistance you may need to cover expenses such as a hefty medical bill. 

Bottom Line 

Most uninsured people don’t qualify for financial assistance through government programs such as Medicare or Medicaid or coverage through their employer. 

Even some people who qualify for government programs may find coverage costs too high, especially if they are self-employed. For assistance, check with San Marcos Insurance Group in Chandler, AZ.

Pets are fun, aren’t they? Pets provide companionship and light up our days when everything else is stressful. While pets are exciting, sometimes they can land you in trouble by causing damage or injuries. But is pet damage covered by your home insurance? San Marcos Insurance Group has the answer.

When your home insurance won’t cover pet damage

If your pet rips through your expensive sofa or chips a large section of your drywall, the damage isn’t covered by your standard home insurance. Similarly, if your pet injures you or someone in your family, any claim for medical costs is likely to be voided by your home insurance provider.

When a pet lives with you, your insurer assumes you are in complete control of the situation. So, when your pet damages your structure, electronics, or furniture, the damage is assumed to be inflicted by the owner.

When your home insurance covers pet damage

If you have liability coverage in your home insurance, the policy should cover you when your pet causes damage or injury to others. When your pet bites someone, they could sue you to get compensated for medical costs incurred treating the injury. In such a case, your home insurance should cover third-party claims.

While most home insurance policies provide liability protection of $100,000, we advise our clients to increase the limit for optimal protection. Plus, we recommend umbrella insurance or excess liability coverage if your assets are nearing the million-dollar mark.

Home insurance in Chandler, AZ 

Home insurance covers your building and the contents inside. It also pays for additional living expenses when your home is rendered unlivable. Your home insurance also covers you against liability claims, such as pet damage. If you would like to get this protection from home insurance, please get in touch with San Marcos Insurance Group for an affordable quote.