When Should You Change Your Health Coverage?

Your health coverage plan makes a huge difference in your ability to care for yourself. At some point, you may find yourself in a position where you need to change your health coverage. This can be a confusing time, but answers are available.

San Marcos Insurance Group, which serves Chandler, AZ, can help you find health coverage if you think it is time to change your healthcare policy. These are some of the reasons why you might need a new health insurance policy.

You’ve Aged Out of Your Parent’s Plan

The law allows many adults to remain on their parent’s health insurance plans until they turn 27 years old. After your birthday, you should look for new coverage for yourself.

Somebody on Your Plan Has Died

If you have a plan covering the family but somebody passes away, you can remove him or her from your insurance plan. This can be an emotional process, but it can save money on your premium.

You’ve Welcomed a New Child

Whether you gave birth this year or you adopted a child, you need to add this child to your insurance plan. An insurance professional can help you do this the correct way to ensure your child is completely covered.

You Moved to a New State

When you move to a new state, you need to change your insurance plan. You can enroll in a new plan even when the marketplace is closed if you’ve moved from one state to another.

Get the Right Health Coverage For Your Needs

San Marcos Insurance Group provides coverage in Chandler, AZ, helping you find the right insurance. If you need a new healthcare policy, contact the office to learn more.

Is Commercial Insurance all About Liability Protection?

If you own a business in Chandler, AZ, you can’t avoid business liabilities. For this reason, you must buy general liability insurance from San Marcos Insurance Group. Liabilities form a significant component of risks facing a business. Think of advertising injury, property damage, bodily injury, and so on — indeed, the ubiquitous nature of liabilities means businesses must cushion themselves with commercial insurance.

But is commercial insurance all about liabilities? Definitely not. Commercial insurance is broad and covers other facets of your business. Below are additional areas covered by commercial insurance.

Property protection

Your business owns assets, right? If you don’t have a building, you have properties like inventories, computers, furniture, fixtures, and so on. And because accumulating these assets has taken time and resources, you need to protect your assets with commercial property insurance. This way, you don’t have to start from level zero when perils like fire, theft, and hail devour your assets.

Employee protection

Workers’ comp insurance protects your employees from illnesses and work-related injuries. Besides, this coverage covers your employees’ partial loss of income if they can’t resume work due to their injury or sickness.

Online protection

Do you store sensitive customer data? Does your business have an online presence? If yes, you need cyber insurance to safeguard your business against malicious online activities. This coverage covers notification costs, negotiation costs, legal charges, and other cybercrime-related costs.

Whether you own a traditional, online, or home-based business, commercial insurance is the safety net you turn to when the unthinkable happens. While it covers your business against liabilities, it offers much more protection beyond liabilities.

Get commercial insurance today!

Would you like to own a business that will stand the test of time? If yes, then you need to consider commercial insurance. If you are in Chandler, AZ and its environs, please get in touch with San Marcos Insurance Group for an affordable business insurance quote.

What are the benefits of having health insurance in Chandler?

People that live in the Chandler, AZ area are going to want to ensure they continue to have access to quality healthcare. One way that you can ensure you will have access to the care that you need when you need it is by getting health insurance. Several benefits, in particular, come when you get a quality health insurance plan here. 

Access to Affordable Care

A key advantage of having health insurance here is that you can gain access to affordable care. Being able to see a doctor, receive medication, and have procedures done when necessary continues to be very important. One way that you can ensure you are able to get access to this care without spending way too much money is by having health insurance. A proper insurance plan will help to drastically limit your costs in some cases and ensure you have access to healthcare providers. 

Ensure Compliance

You should also get a health insurance plan to ensure you are in compliance with any requirements you may have. For the past several years, all people have been required to carry health insurance. Those that do not have this coverage will be in legal violation and could incur penalties. Evidence of coverage typically needs to be provided at the end of the year when taxes are filed. 

You should always have proper health insurance in place when you are in the Chandler, AZ area. If you are looking to build a health insurance plan here, you should call San Marcos Insurance Group. There are a lot of choices that you need to make when building health insurance. The San Marcos Insurance Group team can offer the insight you need to understand your options and then build a health insurance policy that is ideal for your situation. 

Types of liability coverages to consider for your business

Starting and running any business in Chandler, AZ involves taking major risks, which is why you may want to focus on different insurance policies to protect it. At  San Marcos Insurance Group, we recommend having adequate liability to protect your clients and workers. So, if it’s your first time buying insurance for your business, here are the top 3 liability coverages to consider.

General liability insurance

Often known as business liability, general liability helps cover against claims from other people due to property damage or injuries. It also protects you against reputational harm and lawsuits that could result from late deliveries, poor quality products or services, as well as errors made by your workers.

Professional liability insurance

Professional liability insurance was first designed for people offering professional services,  such as attorneys, carpenters, engineers, accountants, realtors, and insurance agents. However, today any business person in Chandler AZ can get this policy to protect what they do as it protects the end product or the service offered if found faulty. For instance, if you sell a hair product that ends up damaging your clients’ hair, the policy can help pay for legal fees if you’re sued.

Employer liability

Employer liability is a critical component of workers’ compensation that helps pay for additional legal fees if your worker sues you for injuries beyond workers’ compensation. For instance, if one of your chefs gets injured when cooking, workers’ compensation will help pay for their injuries and replace their lost income. However, suppose the chef decided to sue you for not providing protective clothing. In that case, employer liability can help cover the legal fees.

Your business needs liability insurance. Don’t wait till it has grown to buy a commercial policy. It might be too late. If you have any questions or have trouble choosing your ideal liability coverage, feel free to speak to an agent at San Marcos Insurance Group, and they will be happy to help.

Health Insurance FAQs for Families

Feeling overwhelmed with health insurance options? It seems like health insurance plans are always changing and evolving. Figuring out which type of health insurance is best for your family can be challenging. At San Marcos Insurance Group, serving Chandler, AZ, we aim to provide you with the information you need to make the best choices. We’ve prepared these FAQs to help you better understand health insurance for families.

When Can I Sign Up For Health Insurance?

You can sign up for a new health insurance plan, or change an existing plan during open enrollment. Open enrollment is a specific time frame each year. You will need to speak with your employer or an insurance representative to determine when open enrollment is active. 

Why Are Multiple Types of Plan Offered?

One of the most confusing aspects of health insurance is the many different types of coverage available. There are different types of coverage available because different families have different types of medical needs. A family with intense, ongoing medical issues will need a more intensive type of insurance coverage. A family with very few medical issues will not need as many services. Insurance companies provide different types of coverage so that you can choose the one that will best suit your family. This ensures that you are not paying for services you do not need, but you are getting the services you do need. 

Which Coverage Should I Choose?

If you are feeling overwhelmed by the different types of coverage available, and are not quite sure how they are different, you should talk with a representative. An insurance representative will be able to walk you through the details of each plan and help you pick the one that is best for your family. 

If you would like to learn more about our services, please contact our office at San Marcos Insurance Group, serving Chandler, AZ. 

What Does Business Interruption Insurance Do?

Has the closure of the nearby amusement park led to a decline in your profits? Has electric or phone line disconnections of service led to a reduction of your income? If so, then you need to get some business interruption insurance. Business interruption insurance coverage safeguards your business by replacing the business income that gets lost whenever a sudden and disastrous event halts or slows your business.

The business interruption policy isn’t sold as a unique insurance cover. Instead, it is often added to the casualty/property policy or made as an add-on of a comprehensive package policy.  The coverage can help businesses replace lost income when they can’t run their operations temporarily due to property damage or service disruptions. 

What Does the Policy Cover?

When a business gets compelled to close its doors, the interruption insurance policy can cover its operating costs. Some of the expenses that can get covered include:

  • Relocation expenses if you have to move your business to a new location permanently or temporarily.
  • The income that your business would generate if it were open as usual.
  • Training for staff to use new work equipment after a covered peril occurs.
  • Additional expenses that get incurred in renting new space or equipment to keep business operations running a loss.
  • Payment for employee’s dues.
  • Tax payments that should get paid during the time of disruption
  • Loan payments that should get paid during the time of disruption
  • Lease, rent, or mortgage payments in the disruption time
  • What Can’t Business Interruption Insurance Cover?

Business interruption insurance covers San Marcos Insurance Group, and other insurance companies can cover many interruptions. Still, there are some incidents and losses that can’t get covered by such a policy. Here are some of the uncovered incidents:

  • Damage caused by earthquakes and floods
  • Broken items from a covered loss or event
  • Pandemics and epidemics that push businesses to shut down
  • Utility bills for utilities shut down when the company closes after a covered risk occurs. 
  • Undocumented income, which isn’t evident in financial records. 

Get Your Home Insurance Cover Today from San Marcos Insurance Group

If you’re a Chandler, AZ, resident, visit the San Marcos Insurance Group website to get the best business interruption insurance offers for your Chandler, AZ, business.

Health insurance FAQs

Health insurance provides one of the most vital types of protection. It is hard to imagine that just a generation ago it was not something most families had; now it is a necessity. Choosing your insurance plan is one of the most important decisions you make every year. It is literally life and death. Before you make this all-important decision you need to ask some questions to make sure that you are choosing a plan that provides the coverage you need while being affordable. In Chandler, AZ at the San Marcos Insurance Group, we strive to give every customer the personalized service they deserve and encourage them to ask all the questions they need to feel confident in their insurance decision. 

What is the difference between a PPO and HMO?

The most basic difference between a PPO and an HMO is the ability to seek medical care outside the plan network. With an HMO you have a network of healthcare providers you can use. If you go outside the network for anything but an extreme emergency, the plan will not pay for the services. With a PPO you get the best rates in-network but are able to go outside the network for care. 

What is a network?

The healthcare providers who have contracted with a healthcare plan to provide services to their members for a reduced rate are referred to as a network. It includes medical professionals across a variety of specialties. Check the providers to make sure your favorites are in the network. 

How much of a deductible should I have?

Most policies have a deductible that must be met before services are covered. High deductible policies are popular because they are less expensive and will cover a catastrophic illness but offer little coverage for routine services. Your overall health should determine the deductible you can live with. 

Contact San Marcos Insurance Group in Chandler, AZ for all your health insurance needs. 

Should I get a life insurance policy?

When you are a resident of the Chandler, AZ area there are going to be many different forms of insurance that you need to have. One important form of insurance coverage in this area is life insurance. There are a few different reasons why someone in this area of Arizona needs to have this coverage. 

Insurance Will Protect Dependents

A reason that you need to have a life insurance plan is that it can protect your dependents. If you have people that you care about and that rely on you, protecting their financial future is very important. A great way that this can be done is by getting life insurance. If you were to pass away, those that are named as beneficiaries on the policy will receive a payout from the life insurance provider. This could be used for any purposes that they see fit. 

Insurance Offers Investment Option

You should also consider getting a life insurance plan as it can provide you with an investment benefit as well. If you choose to get a whole life insurance plan, some of your monthly payments will build up in an account that can be liquidated in the future. This can make it a good addition to your personal investment plan as well as offer life insurance protection. 

Picking a new life insurance plan in the Chandler, AZ area will always be a big decision. When you are shopping for coverage, you could find that getting the guidance provided by the San Marcos Insurance Group is a great option. The team with the San Marcos Insurance Group understands the value of this type of coverage. They can help you better assess all of your personal needs and then help you choose a plan that offers you the right coverage. 

An Introduction to the Business Owners’ Policy

An Introduction to the Business Owners’ Policy

You might start your Chandler, AZ business on a shoestring budget. When looking for ways to obtain all the needed information, equipment, funding, and insurance, San Marcos Insurance Group recommends you purchase a business owners’ policy (BOP).

The BOP means you obtain four insurance policies typically needed by a business in a bundle that costs you less in premiums than purchasing them separately. The standard BOP provides these four types of insurance:

  • business interruption,
  • liability,
  • named perils,
  • property damage.

Besides those essential coverages that protect your property and equipment as well as your liability protection, you can also add other coverage to the BOP. They will function as standalone policies but in conjunction with the BOP. For example, you could add a commercial auto policy to protect your commercial vehicle from any type of damage since commercial auto automatically provides full coverage. A crime policy protects a business’ storefront or office space from theft, vandalism, and other crimes of property.

Your business may not need nor qualify for a BOP. San Marcos Insurance Group determines your qualification for a BOP by considering your business’ class, size, location, and annual revenue. Those businesses that do not immediately qualify can apply for a policy under special circumstances.

Contact San Marcos Insurance Group of Chandler, AZ, today to apply for your BOP. Consult with us to learn what other policies your business might need. We can help you find the insurance coverage you need to protect your new business. We want your Chandler, AZ business to grow, so let us help you obtain the insurance protection it needs to thrive.

What are the benefits of having health insurance?

When you are in the Chandler, AZ area you will have a few different types of personal insurance needs. One type of insurance that you are going to need to get is health insurance. There are several benefits that will come when you get a health insurance policy. 

You Will Have Access to Affordable Care

One of the primary advantages that come when you obtain a health insurance plan is that you will have access to affordable care. Anyone that would like to get health insurance in this area of the state will then be able to find a local physician to provide their primary care. If you ever become ill or hurt, you will also be able to receive the care that you need at a far more affordable rate. Ultimately, this can help to ensure you get care when needed without breaking the bank.

Policy Will Ensure Legal Compliance

You will also want to get health insurance as it can help to ensure you stay in legal compliance. Everyone across the country is required to obtain health insurance for themselves and their dependents. If you do not have this coverage, you could be required to pay a penalty when the year comes to an end. 

Those that are in the Chandler, AZ area and would like to get a proper health insurance plan should call the San Marcos Insurance Group. The team with the San Marcos Insurance Group understands how important it is to select the right health insurance. They can provide great service by assessing your personal situation to determine what type of coverage you should get. This will help to ensure that you get into a policy that is right for you and provides access to the healthcare that you need.