How To Protect Your Business From Breakins

As a business owner, you have invested a lot of time and money into your company. Nothing could be worse than to have that investment violated through a burglary. There are many things a business owner can do to better protect his business from this type of invasion. 

Illumination

One of the best first lines of defense against a break-in is illuminating your buildings well. Criminals want the cover of darkness in order to commit their crimes without notice. Make sure that your entire facility is well lit after hours. This will discourage most criminals from even considering your facility. Install lighting both inside and outside in order to keep all areas safe. 

Use Alarms and Safes

If you are keeping valuable merchandise or cash on the premises, you should use safes. Using a safe that cannot be easily removed from the premises is a great way to keep these items out of reach even in the event of a break in. This will greatly cut down on your loses should a burglar actually gain access to your facility. Even if you feel that you are operating in a relatively safe neighborhood, you should have alarms installed. These alarms are one of the best ways you can discourage burglars. The more sensitive the alarm is, the better chance you have of scaring off a criminal before he gains entry to your business. 

Hire Wisely

Even if you take all the right steps to keep people from breaking in, you must also be on the lookout for dangers from within your company. This is where your hiring process becomes a line of defense against criminal activity. Make sure your hiring process is stringent.  Only hire people you feel you can trust.

By protecting your company from break-ins you can increase your peace of mind and your bottom line in the long run. If you would like to learn more about how to protect your business contact Fida Insurance Group Monroe, CT.

Do Unpaid Parking Tickets Affect Your Insurance Premiums?

In Monroe, CT, residents who have questions about their auto insurance need to talk to agents who are willing to go the extra mile. The agents of Fida Insurance Group understand that their clients want to be fully informed when it comes to the things that can have an adverse effect on their car insurance. This is why they are always available when their clients call in to find answers concerning parking tickets and moving violations.

Penalties For Unpaid Parking Tickets

Many people don’t realize that the penalties for having unpaid parking tickets can be extremely costly if they aren’t taken care of in a timely fashion. In addition to towing costs, impound storage, and the fees tacked on by the city, the cost of not paying your tickets goes far beyond the cost of the actual ticket. Depending on your areas local laws, having numerous unpaid parking tickets can also affect your insurance premiums.

A Suspended License

In some areas, allowing your unpaid parking tickets to accumulate can eventually cost you your driver’s license. If the amount of the fees reach beyond a certain amount (this will be determined by the area), the license branch may be required to suspend your driver’s license until all of your past tickets are paid in full. In addition to towing your vehicle, the fees associated with getting your license back can be costly.

The agents of Fida Insurance Group are always ready to assist the residents of Monroe, CT. If you live in the area and have questions about parking tickets, the agents encourage you to call in and schedule an appointment. They can give you the information you need so that you can get your tickets paid and keep your insurance coverage intact.

 

When to Buy Home Insurance

Your home is likely the most expensive thing that you have purchased. This makes it one of your biggest investments, at least in things that are physical items. The last thing you want to happen is to lose that investment. However, that can happen if you do not have the proper insurance on your home to protect you from things that are outside of your control. If you want to protect your home in Monroe, CT, here at Fida Insurance Group, we recommend that you always have home insurance coverage. 

If you do not already have home insurance on your home, you should consider getting it as soon as possible. Ideally, you should get home insurance on your home as soon as you purchase it but if you have not done this, you do not want to wait another day. Your home can become the victim of a number of things including burglary, fire, or another natural disaster. You cannot predict these things and you do not want to worry about it all the time. 

So what can happen if you do not have home insurance and something happens to your home, what happens? To put it simply, you will lose everything in that incident and you will not have the money to rebuild. This means that you will no longer have a roof over your head or any of your personal belongings if it is a total loss. 

This is not something that you want to happen to your or your home. The only way to protect yourself is by getting home insurance as soon as possible. Be sure to contact us here at Fida Insurance Group, serving Monroe, CT, to get your home insurance policy today. You do not want to leave another minute to chance. 

Many Institutions a Small Business Needs Require Insurance Protection Such as Commercial Insurance

There are a handful of items that every small business, even a home-based company, will be expected to have and in place before various external entities will consider engagement with the startup. Some of them are obvious such as a tax identification number and business license but, believe it or not, many external agencies also expect a bona fide business to be able to show proof of commercial insurance as well.

For example, many government contracts and procurements that small businesses are easily able to win due to preference will expect the given company to be able to show not only does it have insurance but that the policy has a minimum amount of coverage value as well. In addition, many financial institutions in Monroe, CT and elsewhere that provide key business financing, lines of credit and other loan mechanisms will also require that a company applicant has certain insurance protections already in place evidenced by proof of coverage.

Fida Insurance Group can guide your new business through the coverage maze to the right policy at the right stage in your startup life. Instead of getting stuck with a balloon policy for what you don’t need and costs too much, the staff at Fida can match your specific need now and go forward the next five years with a commercial insurance policy that makes sense. So you don’t have to be shut out of opportunity in Monroe, CT or in the wider region simply because of an oversight task. Fida Insurance Group can be your guide to business growth and greater success. Give them a call or email today!

5 Myths About Life Insurance

If you have misconceptions about life insurance, it’s time to learn the facts so you can make smart choices that benefit your future. At Fida Insurance Group in Monroe, CT, we can help you discern truth from fiction concerning life insurance coverage so you can get the protection you need.

Myth: Life Insurance is Terribly Expensive

Life insurance costs vary according to policy type and coverage. By reviewing various types of policies, you’re bound to find an affordable option to suit your needs.

Myth: Young, Healthy Adults Don’t Need Life Insurance

As a young adult, you may have loved ones such as aging parents who count on you for support. Life insurance can provide financial security for them if you were to unexpectedly pass on. Some policies, such as whole life insurance, accumulate cash value which you can borrow from to purchase a home or pay for college. By buying life coverage when you’re young, you can lock in a policy at a very reasonable price.

Myth: Life Insurance is Only for Families

Life insurance can benefit singles as well as families. Life insurance benefits can help pay off your debts or provide ongoing financial support for a business partner to keep the business going if you were to suddenly pass on. Policy benefits can even cover your funeral expenses so family or friends aren’t burdened with this cost.

Myth: Stay at Home Parents Don’t Need Life Coverage

Stay at home parents provide valuable support for their families that would be extremely costly to replace upon their sudden demise. Benefits from a life policy can help cover the cost of childcare, home care, meal prep services, etc. so your spouse can continue working to support your family.

Myth: Beneficiaries Pay Taxes on Life Insurance Benefits

In general, life insurance benefits are tax-free, so beneficiaries can benefit from all they have to offer.

For more information about life insurance options and costs, contact us at Fida Insurance Group in Monroe, CT.

Reasons to Get a Commercial Liability Insurance in the State of Connecticut

Like every other state along the New England coastline, Connecticut can get hit with serious storms and cold winters. And your business can take damage from these kinds of incidents. Getting coverage for your business can keep you from taking on more liability than you can afford, and it can get you back in operation after an event occurs.

How Commercial Liability Insurance Works

Commercial liability insurance will give you coverage of customer injuries or property damage, which can protect you in case you’re in the middle of a lawsuit. And it includes medical expenses and legal fees. It’s the first policy that small businesses will get because they usually need it to sign a lease on a commercial property or get a customer contract.

 

You might think that you’ll never get sued, but it’s part of today’s business landscape. When a company gets sued, the costs can be crippling. And commercial liability insurance is a safety net that you shouldn’t live without. Be sure to speak to someone at Fida Insurance Group in Monroe, CT for more information.

Your Choice for Commercial Liability Insurance in Monroe, CT!

If you want to work with a solid provider of commercial liability insurance in Monroe, CT, Fida Insurance Group has a team of agents that can help you get the coverage you need. Not only can we get you a general liability policy, but we can also tell you about some of the other options that can protect you. If you want to find out how we can help you, feel free to contact our office today!

How To Determine The Coverage Limits For Your Home Insurance

Monroe, CT is one of many “bedroom” communities in Western Connecticut. The area is known for elegant homes. Homes need insurance. There are several ways that a person can determine the coverage limits for their home insurance.

You should first understand what coverage limits mean. You must include the value of the physical structure. You can include an increase in the value of the physical structure based on the average inflation rate. This keeps you from losing anything if the home is destroyed in a disaster.

If you are buying a home, you can ask the previous owner about their coverage limits for the physical structure. You should ask about any additions and modifications the previous owner made.

You must include all of the stuff that will go in the home. Appliances, clothes, electronics, furniture, and other large items are important. You should include all the small things like tools and small appliances as well. Making a film of all the contents is a permanent record of what you have.

Your coverage limits depend on where you live in Connecticut in part. Coastal areas had a hard time in the last few years due to hurricanes. Monroe, CT had its share of damage from the weather as well. The Connecticut Insurance Department has prepared a very helpful resource for determining coverage limits for home insurance based on location and weather.

You have to coordinate any home insurance purchase with your mortgage lender if you plan on getting a mortgage. The laws are complex about insurance and mortgages. 

The easiest way to determine the coverage limits for your home insurance is to contact an independent insurance provider like Fida Insurance Group. Independent insurance providers allow you to select from the best options in home insurance available in the United States. You get insurance that is tailored to your home and your situation.

Contact Fida Insurance Group with all your questions about coverage limits for your home insurance. Twenty-five years experience in providing home insurance solutions is something you can depend on.

 

How Life Insurance Can Protect Your Beneficiaries in Monroe, CT

Life insurance is vital to estate planning. It lets you preserve your wealth, provide for dependants or your spouse, and ensures there’s money available for taxes and debts. Keep reading to learn how to protect your beneficiaries with life insurance. Feel free to contact your Fida Insurance Group agent for more information on your specific situation.

Estate Planning for Financial Dependents

If you are the primary wage earner in your household, life insurance can replace your income. This is especially important if you still have a large mortgage or other debt. Even if you have a lot of cash, it’s a good idea to get enough life insurance to cover a few years of income. This gives your spouse and children liquidity and time to make any changes needed to preserve their lifestyle or scale down.

Estate Planning with Young Kids or Special Needs Children

To protect very young or disabled children, life insurance is imperative. You should consider term life insurance policy to cover children until they turn 18. For special needs children, you may need up to a 30-year term or get whole life insurance policy to cover their needs. You can set up a trust to control the disbursement of the inheritance for disabled or young children.

Estate Planning for Business Owners

If you co-own a business, consider a buy-sell agreement that is paid for with life insurance. In this agreement, the surviving partner uses a life insurance policy to buy out any heirs to preserve control over the business. This protects your business partner against unqualified heirs becoming involved in the day-to-day operations and protects your business from insolvency.

Contact Us

Feel free to contact Fida Insurance Group in Monroe, CT today for life insurance questions or to make an appointment for a quote.

Things to Know about Homeowner Insurance in Monroe, CT

Other than meeting all your mortgage requirements, having home insurance is another excellent way of securing your financial future. You cannot predict what will happen and unfortunately, you could find yourself in a disaster that will require repairing or rebuilding your home. That will make you incur some expenses that could be hard to meet with your pocket money. Homeowner insurance in Monroe, CT is designed to help you meet these expenses without undergoing much pressure.

Fida Insurance Group is here to help you understand things that you ought to know before purchasing a homeowner insurance policy. Here are facts you need to know:

There are different types of coverage

Depending on what you wish to protect or to be protected against, there are a variety of policies for you to choose from. The policies include:

Liability insurance – Protects you from harm done to other people while in your home or property

Personal item coverage- Caters for the loss or damage of your items

Accommodation coverage – It helps you pay for the expenses you incur in an event where your home is undergoing repair or renovation making it inhabitable

These are some of the many policies you can select depending on your needs.

Home insurance does not include all types of damages

For example, harm caused by the flood is not included in the homeowner insurance coverage and will need to have extra coverage for that kind of disaster.

The type of construction can affect the premiums rate

Different kinds of constructions demand different premium rates. For example, a building made of timber will need different premiums compared to one made of bricks.

These are some essential facts that will guide you into making the right decision when buying homeowner insurance in Monroe, CT. Contact Fida Insurance Group or get a quote from our online rating tools today to keep your home and property protected.

Can You Collect On Life Insurance Without Dying?

Life insurance is something that more people could benefit from if they just took the time to find the policy and policy type that worked best for them. For the most part, life insurance is only beneficial after death but there are a few different instances in which you can benefit from life insurance without passing. For those that live in the Monroe, CT area, the agents with Fida Insurance Group can help you to find the policy that is going to work best for you.

In most cases, those that have insurance policy can benefit from it without dying if there is an accidental clause included in the policy. Most accidental clauses include dismemberment. This means that if you lose an arm, leg, hand, or foot, you can cash out a portion of your life insurance to help pay for medical costs, time off work, or the time that it takes to get your disability in order. This is going to help you pay for those things that need to be paid since you are obviously going to be taking time off to recover.

This type of clause is not included in all policies and you should take the time to check with your agent to make sure that your policy does include an accidental clause so that you can collect if need be. You can also collect if you borrow against the value of your policy in the form of a loan. For this type of transaction, you need to check with the bank that you are borrowing from to see how the transaction works. For those that live in the Monroe, CT area, the agents with Fida Insurance Group can help you find the perfect policy for your needs.