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What Retail Business Owners Should Know About Commercial Insurance Coverage

Running a retail business involves daily interaction with customers, inventory, and physical space, all of which create unique risks. Commercial insurance helps retail owners protect their business from financial losses caused by accidents, property damage, or unexpected disruptions.

Core Coverages for Retail Businesses

Most retail businesses rely on a combination of commercial property and general liability insurance. Property insurance helps cover damage to the building, inventory, fixtures, and equipment from covered events like fire or vandalism. General liability insurance protects against claims involving customer injuries or damage to others’ property.

Protecting Inventory and Equipment

Inventory is often one of a retailer’s most valuable assets. Insurance coverage should reflect seasonal fluctuations and high-value stock. Specialized equipment such as point-of-sale systems, refrigeration units, or display fixtures may require specific limits or endorsements to ensure adequate protection.

Liability Risks on the Sales Floor

Retail stores face frequent liability exposure due to foot traffic. Slip-and-fall accidents, falling merchandise, or damaged customer property can lead to costly claims. Adequate liability limits and medical payments coverage help manage these risks and reduce out-of-pocket expenses.

Business Interruption Considerations

If a covered loss forces a temporary closure, business interruption insurance can help replace lost income and cover ongoing expenses like rent and payroll. This coverage is especially important for retail businesses that rely on consistent daily sales.

Adapting Coverage as the Business Grows

Retail operations change over time with new locations, expanded product lines, or online sales. Regularly reviewing commercial insurance coverage ensures that policies stay aligned with the business’s size, operations, and evolving risk profile.

Reach Out to Colling Insurance Services, Inc., Serving Lakewood, CO

If you’re interested in learning more about commercial insurance, we’ve got you covered. At Colling Insurance Services, Inc., we’re proud to serve the Lakewood, CO area. Reach out to our team today to learn more.

Is Your Business Required To Get Workers’ Comp Insurance?

One of the most important things a business can do is protect its workers. Workers’ compensation insurance helps protect employees who have been injured on the job.

If you are a business owner, having workers’ comp insurance can help protect your employees from the financial difficulty that medical bills can cause. The professionals at Colling Insurance Services, Inc., servicing Lakewood, CO, can help you find a workers’ comp policy for your needs. Here’s what you need to know. 

What Is Workers’ Comp Insurance?

Workers’ comp insurance pays medical bills due to medical conditions and injuries that workers experience on the job. Workers’ comp insurance is not like normal health insurance because it only pays bills related to medical conditions that occur because of a worker’s job. 

If Your Business Has Employees, You Should Have Workers’ Comp Insurance

Businesses with employees operating in Colorado are required to have workers’ comp for their employees. If you believe that your business may be exempt from workers’ comp insurance for any reason, you can contact Colorado’s Department of Labor and Employment to find out whether you are required to have workers’ comp. 

How Can You Get Workers’ Comp Insurance?

To get workers’ comp for your business, start by contacting an insurance company you can trust. Your insurance company can help you by shopping around for a policy that fits your needs. Call us at Colling Insurance Services, Inc., servicing Lakewood, CO.

We can also answer your questions about workers’ comp to help you determine what level of coverage is required for your business. Call today to speak with one of our insurance professionals. We handle all calls with professionalism and courtesy to help ensure a good experience when shopping for insurance. 

Filing a Claim With Your Commercial Auto Insurer

A commercial vehicle accident can be overwhelming if you’re unprepared. Proper documentation and quick action are essential for a smooth insurance claim. If you’re managing delivery vans or an entire fleet, knowing what to do immediately after an accident is key. At Colling Insurance Services, Inc., serving Lakewood, CO, we help clients through the claims process. 

Prioritize Safety

Immediately after an accident, prioritize the safety of all parties involved and call 911. Filing a police report is often required, regardless of who is at fault.

Document

Take photos and videos of all vehicles involved in the accident. Retrieve the names of those who were in the crash, along with their contact information and insurance details. If possible, collect witness statements and the police report number. 

Notify Your Insurer

Once you have documented the scene and taken photo evidence, report your accident to your commercial auto insurance provider. This will include information such as the date, time, and location of the accident. Provide a description of what occurred, as well as your photo and video evidence. Include driver information and details about the damage to your vehicle. 

Working together with the right agency can make all the difference when dealing with the aftermath of a commercial accident. If you’re in or near Lakewood, CO, Colling Insurance Services, Inc. will help you find the right coverage for your commercial vehicles. And if you’re ever in an accident, we’ll be here to walk you through the claims process. 

How To Tell if a Water Leak Is Covered by Your Home Insurance

Water damage ranks among the most common and expensive homeowners insurance claims, but not all water leaks are covered. Understanding when your policy will pay for water damage versus when you’ll face out-of-pocket expenses can save you thousands of dollars and prevent claim denial disappointment. At Colling Insurance Services, Inc., serving the Lakewood, CO area, we help homeowners understand their water damage coverage so they know what to expect when leaks occur.

Sudden and Accidental vs. Gradual Damage

Most homeowners policies cover water damage that happens suddenly and accidentally, like a burst pipe or washing machine hose failure. These unexpected incidents typically qualify for coverage because they’re not preventable through normal maintenance. However, gradual damage from slow leaks, poor maintenance, or aging plumbing systems usually gets excluded. If, for example, your bathroom floor rotted over months due to a small leak you ignored, insurance likely won’t cover the damage.

Source and Location Matter Significantly

The water’s source determines coverage eligibility. Internal sources like plumbing fixtures, appliances, and HVAC systems generally receive coverage when they fail suddenly. External sources like floods, groundwater seepage, and surface water typically require separate flood insurance. Roof leaks present gray areas where coverage depends on the cause. Storm damage that creates sudden roof leaks usually qualifies, but leaks from poor maintenance or gradual wear don’t.

Prevention and Documentation Are Key

Insurance companies investigate water claims thoroughly, looking for signs of negligence or gradual damage. Maintain your plumbing systems, document any repairs, and address small leaks immediately to avoid coverage disputes.

Understanding water damage coverage helps you make informed decisions about repairs and claims. Contact Colling Insurance Services, Inc., serving the Lakewood, CO area, to review your policy’s specific water damage provisions.

Your On-Board Emergency Kit: What To Pack for On-the-Water First Aid

Boating is one of life’s great pleasures, but even the calmest day on the water can turn unpredictable. Having a well-stocked first-aid kit on board ensures you’re ready for minor injuries or medical issues until professional help arrives. Here’s what to include in your on-the-water emergency kit.

Essential First-Aid Supplies

Start with the basics: adhesive bandages, sterile gauze pads, antiseptic wipes, medical tape, tweezers, scissors, and disposable gloves. Include a digital thermometer and instant cold packs for treating minor cuts, scrapes, and bruises. A waterproof first-aid manual is also a smart addition, especially for situations where communication may be limited.

Medications and Ointments

Pack pain relievers like ibuprofen or acetaminophen, seasickness tablets, and antihistamines for allergic reactions. Include hydrocortisone cream for insect bites, antibiotic ointment for preventing infection, and aloe vera gel for sunburn relief. If anyone in your group requires prescription medication, store extra doses in a waterproof container.

Marine-Specific Items

Because water introduces unique risks, include items tailored to boating. Saline solution can rinse saltwater or debris from eyes and wounds. A space blanket helps prevent hypothermia, while a tourniquet and elastic bandages can manage more serious injuries until help arrives. Consider adding a waterproof flashlight, emergency whistle, and signaling mirror for visibility and communication.

Storage and Maintenance

Keep all supplies in a durable, waterproof container labeled “First Aid.” Store it in an easily accessible location, and check expiration dates every season. Replace used or outdated items promptly. Your preparedness can make a crucial difference when emergencies strike offshore.

Colling Insurance Services Inc. Is Proud To Provide Boat Insurance to Lakewood, CO

At Colling Insurance Services Inc., our team is here to make sure you’re protected on the water. We’re proud to serve residents of Lakewood, CO. Contact our team to learn more about our boat insurance services.

Will Umbrella Insurance Pay for a Car Seat After an Accident?

Many people in Lakewood, CO, have umbrella insurance to help protect their assets. However, it’s essential to understand how it works and what your policy will cover before an emergency, such as a car accident, occurs. 

Umbrella Insurance Is Secondary Insurance

Umbrella policies don’t immediately kick in to pay for damages. Instead, your auto policy will kick in first. Then, if there isn’t enough coverage, your umbrella policy will usually pay for the rest. For example, if you’re responsible for $90,000 in property damage, but your auto insurance only covers $50,000, your umbrella policy will likely pay for the remaining $40,000 (or up to your policy limit). 

Liability Insurance

These policies are a form of liability insurance. Liability insurance will pay for the other person’s damages or bodily injury if you’re at fault in an accident. It doesn’t pay for your personal property, ilike damages to your car or car seat. Because of that, it’s unlikely to pay for a new car seat after an accident. There are other options, though. 

Options Available

Always check with an agent at Colling Insurance Services Inc. to learn more about your coverage. Your policy may pay for your car seat if the other driver is found to be at fault but doesn’t have enough coverage. Some auto policies will automatically reimburse you for a new car seat, too. It’s best to speak with a professional to see what options you have. 

Here at Colling Insurance Services Inc., we understand the importance of keeping your children safe and following safety guidelines for replacing a car seat after an accident. Our agents will work with you to learn more about your policies. Contact us to speak with a representative. We’re currently serving the Lakewood, CO, area. 

Do You Need to Remove Someone from Your Life Insurance Policy?

Occasionally, the unthinkable happens. A trusted individual unforgivably betrays your trust. Perhaps they deceived you, stole from you, or did something that left a bitter taste in your mouth. Consequently, they’re no longer in your good graces, and you want them out of your life and your life insurance policy. It’s not enough to sever ties; you must take legal steps to ensure they don’t benefit from your demise. Otherwise, you might find yourself in a precarious situation, akin to a murder mystery game.

How to Remove Someone from Life Insurance

Firstly, removing an irrevocable beneficiary can be quite challenging. To do so, you need their written consent. However, if they’ve committed a crime, you might be able to get a court order to remove them. Otherwise, the process is straightforward. Contact your life insurance provider and request a change of beneficiary form. Fill it out, sign, date, and submit it. You might be able to do this online. Always confirm with your insurer that the change has been processed. You can then decide what to do with the share your former beneficiary would have received. Donating to a charity organization is a commendable option.

Colling Insurance Services Inc. – Your Trusted Insurance Agency in Lakewood, CO

If you reside in the Lakewood, CO, area and require life insurance, please contact us at Colling Insurance Services. We will connect you with a professional and friendly agent who is dedicated to helping you find the policy that best suits your unique needs.

Can Long Term Care Insurance Help Pay Home Health Aides?

Long-term care insurance is specifically designed to assist individuals who require long-term care. It can help cover the costs of care in various situations, but there are a few things you need to understand about the coverage.

Types of Long Term Care Options in Colorado

Long-term care insurance can help cover the costs of various types of care to ensure you or a loved one receives the appropriate care you’re comfortable with. Common situations covered include:

  • In-Home Care: Coverage can help pay for assistance with daily activities, in-home nursing care, housekeeping, and other tasks.
  • Residential Facilities: Long-term care insurance can also help cover the costs of stays in nursing homes.
  • Assisted Living Communities: Assisted living communities provide long-term care for residents who need help with daily living tasks but can manage many things on their own. Communities may provide laundry, housekeeping, and meal services, but residents have more freedom than in a nursing home. Many have their own apartments.

The type of care covered usually depends on the specific policy. Some policies have exclusions regarding what type of care they will cover or how much. Always speak with an agent at Colling Insurance Services Inc. to ensure you understand your coverage.

The Waiting Period for Long Term Care

It’s common for long term care insurance policies in Lakewood, CO to have a waiting period, also known as an elimination period. This is the period that must pass before the policy will cover the costs of care. Many people must pay out of pocket for expenses until it kicks in.

The coverage provided often depends on your specific policy, but agents at Colling Insurance Services Inc. can help you understand what’s covered. We can also help you find the right policy to meet your needs. Contact us today to learn more. We’re currently serving the Lakewood, CO area.

Five Different Types of Health Insurance Coverage

One would think all health insurance is the same, but that’s not true. We understand that finding the right health insurance coverage can be a daunting task. Colling Insurance Services, Inc. can assist you in Lakewood, CO.

1: Health Maintenance Organizations (HMOs)

HMOs are a type of coverage that connects patients with " in-network " doctors. They only cover out-of-network cases in emergencies. These plans are convenient as they offer multiple locations throughout specific areas. They also allow you to get treatment from a PCP and emphasize prevention, care, and wellness.

2: Preferred Provider Organizations (PPOs)

A PPO is a network of healthcare providers where patients pay less if they visit in-network providers. These providers are often spread across specific areas, with some organizations being nationwide. These plans are ideal for individuals who travel frequently or prefer to keep their options open, as they can visit doctors and hospitals even if they aren’t on the preferred provider list.

3: Exclusive Provider Organizations (EPOs)

An EPO health insurance plan is similar to a PPO, except patients can only see in-network providers. These plans often include more providers in specific areas. The only downside is that they might require referrals to see any provider other than your PCP.

4: Point-of-service (POS) Plans

POS plans allow patients to pay less if they use specific doctors or hospitals for healthcare services. You can use providers in this type of plan’s network at lower costs. However, they often lack choice, and patients will need a referral to see a specialist. 

5: High-deductible Health Plans (HDHPs)

An HDHP is a type of healthcare plan with higher deductibles but lower monthly premiums. It can be an excellent choice for those who don’t frequently need to see a doctor. In addition, it can be used in conjunction with an HSA, which is a savings account for healthcare costs.

The Bottom Line

Choosing a plan can be complex, as many factors influence each plan. Colling Insurance Services, Inc. can help you find the perfect plan if you’re located in the Lakewood, CO, area. Contact us through our website or give us a call.

Does Dental Insurance Cover Braces?

Many people get dental insurance to help with the cost of those procedures. If you live in the Lakewood, CO, area, we invite you to consult with one of our experienced agents at Colling Insurance Services Inc. Our agency has been serving area clients since 1957, and we will work with you to find a customized solution for your insurance needs.

One dental procedure that can be costly is getting braces. According to Value Penguin, the costs of braces will vary based on the materials used and the length of time they will be needed. Dental insurance policies will cover some or all of the costs of braces. Almost all dental policies will cover the x-rays, examinations, and braces installation procedures by the dentist.

To discover whether your dental insurance policy covers braces, you’ll have to read some fine print in your policy. According to EHealthinsurance, it’s also essential to know whether the policy’s braces coverage will apply to the costs of braces for adults. The same website reports that although 25% of U.S. patients who wear braces are adults, braces are not typically covered for those clients. If you’re anticipating braces for you or someone in your family, you need to check your family’s parameters.

Call Us Today for an Appointment

When you need dental insurance, you need to get a clear picture of what your policy will cover. If you live near Lakewood, CO, we encourage you to meet with one of our agents at Colling Insurance Services to discuss your insurance needs. We will review our many coverage options and work with you until we can find suitable options for you. Call us for an appointment today, and let’s talk about insurance.