Monroe, CT residents: have you recently decided to add another member to your family? Will you and your spouse be thinking about having a baby? If so, you should consider upgrading your life insurance policy.
The decision to have a child is one of the most joyful experiences in a couple’s life. But there is so much to think about! From painting the nursery to thinking about a birth plan, to researching a travel system and connecting with local daycares– there is a lot to consider.
One of the most important decisions to make is what sort of life insurance makes sense for your family. As the size and age of your family changes, you should consider upgrading your life insurance policy.
Life is full of uncertainty. If something unexpected should happen, you will want to have the peace of mind to know that your family– including your new son or daughter– will be financially set. Your newborn may be a beautiful, bald delight now, but before you know it, she or he will begin attending preschool– and eventually college! Make sure your life insurance plan takes all the needs of your family into consideration.
Fida Insurance Group knows that new parents don’t have a lot of energy to think about these things. After all, you’re focused on getting enough sleep and making up bottles! That’s why your agent will help you make the right decision regarding life insurance changes for your growing family.
Simply request a quote through our simple online tool. You will be connected with a Monroe, CT agent who can simplify the process and get you set up with exactly the coverage you need.
Children are a blessing, but with big life, changes come important decisions about life insurance. Contact your Fida Insurance Group representative today to talk about what your new baby means for your life insurance policy.
As your Monroe, CT business prepare for Spring, it is important to keep your business clean. Your employees and your customers are fighting allergies and pollen. At Fida Insurance Group, we believe in having a clean environment that will keep your employees healthy and your customers coming in.
Declutter Your Lobby and Hallways
Having a lot of papers or equipment gathered together makes a great home for dust. It is best to clear these areas so that they are easily cleaned daily and dust collection is minimized. Shred any papers that you do not need and give equipment storage out of the hallway.
When you wipe down surfaces and walls, make sure that you are using disinfectant cleaners. They kill any germs or mold that may be lingering in the dust. These germs cause the common cold and can spread quickly among those in the area. Any mold you have in the area will also cause uncomfortable symptoms and trigger sinus infections.
If you have a lobby area with seating, you should have your furniture cleaned. This removes any dust or allergens that may be down in the furniture gathering throughout the year. When your customers or clients visit your business and sit in these seats, the allergens will come out and cause discomfort.
Protect Your Connecticut Business Today
Offering a clean workplace for your employees and a place of business for your customers is essential. Healthy employees keep you fully staffed so that you can provide quality service to your customers. They will also return to a place of business that is clean and cares for their health.
If you are in need of commercial insurance in the Monroe, CT area, contact our agents at Fida Insurance Group today.
Anyone that lives in the Monroe, CT area should consider purchasing a property. This area offers a lot of value and potential to homeowners. If you are going to buy a home in this area, you need to make sure that you are properly protecting your investment. The best way to do this is by getting a home insurance policy. There are several reasons why you need to get home insurance.
Protects Asset and Gives Peace of Mind
One important reason to get home insurance is that it can provide you with peace of mind and protect your valuable asset. Most people will never own an asset that is more valuable than their property. At the same time, it gives you a stable place for you and your family to reside in. By getting a full home insurance policy, you are going to protect your asset and residence, which will give you comfort and peace of mind.
Another reason why a lot of people in the Monroe, CT area need to get home insurance is that it will ensure that you are in compliance with all agreements. Anyone that uses a mortgage to buy a home will need to have home insurance to comply with the loan agreement. Further, if you are in an area that is governed by a home association, liability home insurance is a necessity.
Anyone that is shopping for home insurance in this area of Connecticut should reach out to the team at Fida Insurance Group. When you call the Fida Insurance Group you will receive the guidance and support that you need to make a good insurance decision. This will ensure that you and your property have proper insurance in place to protect you home.
Do you have life insurance? If so, how did you figure out how much you need, or was it just a random amount you chose without putting much thought into it? There are a few things you should consider when purchasing life insurance, such as the type of insurance and calculations that will work for you.
Life Insurance in Monroe, CT
In order to successfully calculate the amount of life insurance you need, you should be considering the following:
- Annual income
- How many years you need the coverage
- The value of your assets
- Any money you may need for a child’s education
- Amount of debts
- Existing life insurance
Once you calculate this, consider any after-tax income to replace, any optional coverage, total coverage needed, any existing coverage and the new life insurance needed. All these calculations work together to help get the right amount of insurance in place to make sure your loved ones are covered in the event some unexpected tragedy occurs.
Making the Right Decisions
A good agent will help you make the right decisions. The team at Fida Insurance Group will be able to sit down and evaluate your needs, helping make an informed choice. The requirements of each state differ, so what may be available in one state may not be available in another. Your agent will be able to give you all the logistics and answer any questions you may have to give you accurate projections on what you will need and the type of life insurance that will work best for you. For more information on obtaining life insurance in Monroe, CT, contact the team at Fida Insurance Group today!
Your Monroe, CT area business depends on constant cash flow to thrive. When you can’t work, nothing comes in. However, you’re still responsible for bills, payroll, and other regular expenses. Without a backup plan, you could quickly find yourself struggling to keep your doors open. A business interruption insurance policy from Fida Insurance Group can provide help during times when you can’t produce income from your business ventures.
As part of your comprehensive business-coverage, interruption insurance gives you extra cash when your business needs to close due to a covered event. While every contract is unique, your business interruption policy generally covers:
- Lost profits. Based on historical earnings, your policy pays out a portion of the profits you would have earned if the covered event had not occurred.
- Fixed costs. Your normal business expenses are included in this calculation. This can include normal operating expenses like utility payments, payroll checks, rent, and even insurance premiums.
- Temporary relocation. If you need to move your operations to a temporary location while your primary space is repaired, business interruption coverage helps defray your cots.
- New equipment purchase and training. When your equipment is destroyed, your policy will help pay for replacements. You can also use the funds to train your workers on the new equipment.
- Taxes and loan payments. Regardless of how your business does, you’ll still have to pay certain taxes and bank loan obligations. These policies provide funds for these essential charges.
As a part of your comprehensive business owner’s policy, your business interruption coverage is triggered by the occurrence of a specifically covered event. Talk to the experts at Fida Insurance Group to learn which perils you can gain coverage for and how this policy addition can provide long-term protection for your Monroe, CT area business.
Families with a lot of drivers may find it beneficial to opt for a fleet policy to protect their vehicles and drivers. If you are a family in the greater Monroe, CT area and have a number of different vehicles that are used regularly, the team at Fida Insurance Group is here to help you determine which type of policy is right for your needs. With a fleet policy, you can often enjoy higher policy limits and have a more streamlined experience when it comes to your auto insurance. There may be more options available to you then you realize, and now is a good time to take a closer look!
Is a fleet policy the right option for your family?
Whether you have a lot of family members who drive, or you just have a number of vehicles that your family uses, it might be a good idea to look into fleet insurance. There are a number of different benefits to this type of coverage, with many families most excited about the level of protection that they are able to obtain. Owning a lot of vehicles doesn’t always have to be a major headache when it comes to insurance! Now is a good time to meet with your local insurance agent to discover if this type of coverage makes sense for you and your family.
Are you in the greater Monroe, CT area and the owner of a number of vehicles that are all used by your family? The team at Fida Insurance group is here to help you determine how best to insure your vehicles. Fleet insurance is an effective and often overlooked option for auto insurance for families with a significant number of vehicles in regular use.
Before you choose a life insurance policy in Monroe, CT, you will need to determine if you need life insurance. This can help you decide what type of policy is needed. If your salary is important to supporting your dependents then you should consider life insurance.
How Much Insurance Do You Need?
The amount of life insurance you need will depend on your personal situation and different factors, including how many dependents you have, your debts, income, and lifestyle. As a very general guideline, you should find a policy that is worth between five and 10 times your annual salary. You may also want to speak with an agent at Fida Insurance Group to determine how much you need.
Types of Policies
There are several policies that you can consider. Whole life insurance will offer both cash value and a death benefit. Premiums stay the same until you pay off the policy and the policy will stay in effect until your death if you have paid off the premiums. This type of insurance can be more expensive than other options. Variable life policies will also build up a cash reserve and you can invest this in different options. The value of the cash reserve will depend on how the investments are performing. With universal life insurance, you can vary the amount of your premium and death benefit. Choose permanent life insurance if you want to accumulate savings and want life insurance to last as long as you live.
For those who may only want life insurance while they have dependents to take care of, consider term insurance. This insurance type will be in effect for a certain number of years. There is a death benefit available but no cash value. Term life insurance can also help you if you need a large amount of insurance but have a smaller budget.
Contact Fida Insurance Group, serving Monroe, CT, to get a quote on life insurance.
Your business in Monroe, CT needs insurance in order to protect your assets. There are a number of different insurance options available depending on your industry. If you aren’t sure what policies are best for your business, speak with an agent at Fida Insurance Group.
General Liability Insurance: This insurance will protect your business from claims of bodily injury or property damage. This policy helps cover the cost of legal fees and the settlement if you are sued.
Professional Liability Insurance: This will cover someone’s claims against a business that provides personal or professional services. Examples can be negligence or protecting you when you haven’t made a mistake.
Business Owners Policy: This is a combination of business property insurance and general liability insurance. It’s useful for small businesses that need to protect against liability claims and also want to protect business equipment.
Workers Compensation Insurance: This coverage will pay for medical care and replace partial wages for employees who are injured on the job. If an employee dies from an injury then compensation can be provided to the employee’s family. Any Connecticut business with employees will be required to have this type of insurance.
Property Insurance: Property insurance can cover physical disasters, such as theft or fire. Depending on the plan you have, it may also include furniture, technology, and items used for your business. This insurance is important for businesses that depend on having a physical location in order to make a profit.
Auto Insurance: This is useful if there are cars owned by your business. If an employee drives one of your vehicles and causes injuries or property damage then the auto insurance will pay for the costs for which you are responsible.
Contact Fida Insurance Group, serving Monroe, CT, to get a quote on commercial insurance for your business.
During implementing the Affordable Care Act, many smaller companies decided to cut insurance benefits, especially life insurance. If you have a house that works with a large corporation, you may want to put the entire family on that policy. The other option is to go through the open marketplace. The demand for life insurance has increased since 2016, but at the same time, some people find themselves at an advantage when they go to do their own life insurance shopping.
Don’t Get Stuck at a Disadvantage with Purchasing a Life Insurance Plan
While we have seen some life insurance plans increase in premiums in Monroe, CT area, this is not across the board. The time to shop is when you are young and in good health. Life insurance can be quite affordable at that point; however, we may have situations that require us to shop around. Fida Insurance Group will provide you with the confidence to be picky about who you want to insure you, even when life insurance programs are developing stricter policies.
The Good Thing About Finding Your Own Life Insurance Policy
The sooner that you do it, the more prepared you are. If you work for a company with less than 100 employees, there are no guarantees that your company will continue to offer this plan. Getting locked in on a life insurance policy 5 years before any health conditions occur or you begin to age is definitely the advantage that most of us focus on when thinking of this predicament.
Fida Insurance Group will help our clients in the Monroe, CT area research plans for competitive life insurance rates outside of your employer’s group plan, which will shield you from any negative effects of rate increases as we begin to see how ACA works out for our country.
Horse touring companies in Monroe, CT take riders around this beautiful area and showcase beautiful equines in an exciting way. If you own one of these companies, you need to purchase high-quality commercial insurance from us at Fida Insurance Group to protect your business and your investment, especially your gorgeous horses.
Necessity of Commercial Insurance for Horse Tours
Though horse touring companies may been low-key and safe, there are some dangers that may occur in these businesses. For example, a tour may suffer from an accident or crash that impacts the health and well being of the horses and the customers. As a result, commercial insurance for horse tour companies provides high-quality coverage needed to keep these companies safe from financial loss.
Coverage Types Available
Individuals interested in commercial insurance for horse touring and riding companies have many options from which they can choose. For example, they can buy medical insurance and liability coverage for their team. This helps to protect riders from injury if they don’t ride a horse properly or get bucked off during a tour. General aggregate and property insurance is also available.
Beyond these coverage options, horse owners should also purchase mortality and theft coverage for their horses. This type of insurance is designed to kick in should a horse unexpected pass away or get stolen by somebody. In this way, a tour company can replace their horse and stay in business should one of their beloved beauties disappear.
Find Commercial Policies That You Deserve
So if you live in Monroe, CT and run a horse touring company, please don’t hesitate to contact us at Fida Insurance Group. We can help individuals like you get the high-quality commercial insurance that you need to stay solvent financially and successful with your horse tour business.