Tag Archives: Colling Insurance Services

How to Understand a Commercial Insurance Quote

It’s pretty easy to apply for a commercial insurance quote in Lakewood, CO but it can be harder to understand all the details and if you are getting a policy to suit your needs.

The Details

This is where you should be spending the most time looking at your quote and comparing policies. The policy that has the lowest premium may not necessarily be the best one. Each quote will tell you what kind of policy you are looking at and what type of coverage it has. After you review the coverage, if you have questions about the policy then speak with an agent at Colling Insurance Services, Inc. For example, a quote will tell you how much general liability you will be getting per occurrence and how much the total policy will pay for claims filed through the policy year.  

There are some keywords that you should know when looking at the details. The per occurrence limit is the higher amount the policy pays during a single claim. The aggregate limit is the total for the claims paid in a policy period. The deductible is what you will pay out of pocket before you get any insurance benefits. 

Comparing Quotes

If you are looking for a general liability policy in Lakewood, CO, you may get quotes for a business owner’s policy, which has general liability included as well as property insurance and other policies bundled, or you may just have one for general liability. Be sure you are comparing apples to apples and only comparing the standalone liability policies to other standalone policies. Even if you are looking at the same type of policy, don’t just assume you are getting the same amount of coverage. Read carefully about what you are getting. Quotes are not final but they are a pretty good guess on what you will end up getting. 

Contact Colling Insurance Services, Inc. to get a quote on commercial insurance. 

What’s Covered by Worker’s Comp Insurance in Colorado?

If your Lakewood, CO business employs one or more workers, be they full or part-time, you’re required to have worker’s comp insurance. Worker’s comp covers accidental injuries of employees on the job. Worker’s comp is an important part of your company’s commercial insurance package. Here’s what all business owners should know about worker’s comp coverage from Colling Insurance Services, Inc.

What’s Covered by Worker’s Comp?

Workplace accidents can happen at any time, even in safe work environments. Worker’s comp insurance protects your business by covering employee injuries that occur on the job. This coverage includes: 

Accident Medical Costs – Worker’s comp pays for medical expenses of workers who are injured in an accident on the job. This includes slip and falls, broken bones, strains and sprains, back injuries, dislocations, and more. This coverage extends to rehab services or ongoing care, if needed, to help employees fully recover from injuries sustained on the job.   

Work-Related Illnesses – If an employee contracts an illness due to unhealthy workplace conditions such as poor ventilation, exposure to harmful substances, etc., worker’s comp in Lakewood, CO will help pay for his treatment costs.

Repetitive Injuries – Jobs that require repetitive actions like extensive sitting or standing or heavy lifting may result in repetitive injuries due to stressed muscles and joints. Worker’s comp will cover treatment for repetitive injuries if they are caused by your job.  

Lost Wages – Worker’s comp covers part of your employee’s lost wages while he or she is recuperating from an illness or injury related to his or her job.

Disability/Funeral Costs – If a work-related illness or accident results in disability or death, worker’s comp will pay disability benefits or cover funeral costs.

For more information about worker’s comp or commercial insurance policies in Lakewood, CO, contact Colling Insurance Services, Inc. today.

Do You Have a Garage Full Of Toys That Need Coverage?

Do you have an ATV, Boat, Motorcycle, or other Vehicle that you use mostly for fun and recreation? There may be special insurance considerations to take so you can have full peace of mind as you cut loose and enjoy the great outdoors around Lakewood, CO.  Colling Insurance Services Inc. serves the area with premium insurance services for your whole life from home, life, health, and of course fun. 

Most "toys" such as four-wheelers, golf carts, ATVs, jet skis, small watercraft, etc do not require insurance legally, but if they are financed you likely need insurance for the loan. Motorcycles, motor homes, and certain road-legal small vehicles do require a basic level of insurance to be road legal. If you are unsure about the legalities of your specific vehicle contact an agent to clear up any confusion. 

Just because insurance may not be legally required by the state of Colorado does not mean you should skip it altogether. Because of the nature of the use of these toys the risk of damage to the property or yourself is higher. Playing without some level of coverage could leave you in debt, with unexpected medical expenses, and without an ATV to enjoy in the future. We offer coverage for your ATV, motorcycle, camper, Four-wheeler, jetski, and other recreational items that are easy to purchase and fair. Give us a call today to learn more about Toy insurance coverage. 

If you live in or around Lakewood, CO contact us at Colling Insurance Services Inc. for an insurance quote for your toys, business, home, life, or automobile. We are proud to provide quality coverage to protect all aspects of your life. 

Why Recreational RV owners would want insurance coverage

Many people own an RV and use it mainly for recreational purposes such as camping and road trips. Even if your RV is only used for these casual reasons, it still makes sense to get insurance coverage on your vehicle. Colling Insurance Services Inc. in Lakewood, CO provides excellent coverage for all RV owners in the state. 

As a general rule, insurance protects against financial loss and risk to your property. An RV is a significant investment for most people that cannot be replaced if there is ever an accident. Even if someone only uses their RV a handful of times a year for recreation, there is still the possibility that it can be severely damaged in a collision with other vehicles, damaged due to vandalism or theft, or destroyed by severe weather.

People often have lots of valuable personal items inside of an RV such as electronics, clothing, and other valuables that are necessary for travel. These should be covered by your policy as well through a comprehensive plan in the event of theft and damage. Liability is another reason why insurance is important for most people. In a general sense, liability coverage protects you in the event that you are sued or cause damage to other people of their property. If someone is found to be at fault for an accident while driving, or a guest in their RV damages someone’s property, liability coverage is crucial to protect against the need to pay for these damages out of your own money. 

Get help with setting up an RV insurance policy today

There are agents who serve the Lakewood, CO area from Colling Insurance Services Inc. They can speak with you and determine what policy will work best for your needs. 

What Is Umbrella Insurance?

At Colling Insurance Services, Inc we encourage our clients to consider umbrella insurance. This is because we have seen clients make claims that are larger than their auto insurance, homeowner, or watercraft insurance policies.

In Lakewood, CO, umbrella insurance is a life-saver. It serves as a backup for your other insurance policies. You still look confused with the brief explanation. Let’s shed more light on the term with a simple illustration. One day, you found yourself almost late for a meeting with a potential high net worth client that could give your company million-dollar deals repeatedly.

You became impatient in your Ferrari. You tried to beat the red light and ran into a bus with several passengers. You damaged the bus, spoiled your Ferrari, and also caused bodily injuries to all the occupants of the vehicles.

You will be liable for the cost of fixing the bus, the cost of fixing your car, and the medical bills of the people who got injured. In addition, one of the passengers could figure out that you must be rich to be cruising a Ferrari, so she may decide to sue you. To make matters worse, your auto insurance policy can only pay a fraction of the total amount. So, you’ll need to raise the remaining part fast.

This is where your umbrella insurance comes in. The policy will provide the remaining coverage and prevent you from debt, bankruptcy, and the emotional trauma that comes with insolvency. We used the auto accident as an illustration, but it could happen with your homeowner or watercraft liability insurance too.

It goes further. In Lakewood, CO, umbrella insurance also covers legal liability claims like wrongful arrest, wrongful detention, false imprisonment, slander, and libel. Many other policies do not cover these. If you need more information on umbrella insurance, we’ll be too glad to oblige you. Just contact Colling Insurance Services, Inc, visit our office today or anytime.

Benefits of a Lakewood CO boat insurance policy

For a lot of people, living in the Lakewood, CO area often means dealing with cold winters. However, this area of Colorado also offers some amazing weather during the summer. To ensure that you are able to enjoy your summer months as much as possible, you should consider getting a boat. If you do get a boat, there are several benefits it will come if you invest in a quality boat insurance policy.

Asset Protection

One of the main advantages of getting a boat insurance policy is that you can receive protection for your asset. A boat is a very big purchase and investment that should be properly covered at all times. If you get a full boat insurance policy you will receive coverage for virtually any situation that could result in a loss. This form of insurance is also required if you took out a loan to buy the boat.

Liability Coverage 

Another benefit of having boat insurance is that it can provide you with valuable liability coverage. If you were to cause an accident when you were using your boat, there is a chance that you will have to pay a significant amount of money to cover damages. However, if you continue to carry a boat insurance policy you will have coverage for these situations. This coverage could help to save you a lot of money and give you peace of mind.

If you do purchase a boat in the Lakewood, CO area, it is always a good idea to get a boat insurance policy. As you are shopping for a new boat insurance policy, you should call Colling Insurance Services Inc. The team at Colling Insurance Services Inc. can help you pick a new insurance policy that will properly protect your boat.

Does The Pandemic Effect Life Insurance?

Many people are speculating about the changes to the world that may be brought about by the recent spread of the Covid 19 virus. At this point, much of it is only speculation. Many forecast a future consisting of greater precautions during flu season, a possible Covid 19 season each year, more people working from home, and the increased ability to handle pandemics. Colling Insurance Services Inc. serves people in the community of Lakewood, CO with quality life insurance services, and we want to reassure you that although this pandemic seems to be bringing about changes across the globe, many things will remain the same and reliable such as human kindness, mathematical probability, and of course, insurance services. 

Possible Effects On Life Insurance By The Pandemic

  • The current pandemic will not affect your current policy in the least. Your benefits will remain the same as they were when you purchased the policy. 
  • When it comes time to renew, you may have new questions concerning travel and exposure, and you may find that pandemic coverage will be a special section or even add on depending on the underwriter and how the next few months proceed globally. 
  • If you need to renew or purchase life insurance at the moment, more companies are allowing noncontact insurance purchasing options to keep everyone safe. This will likely continue after the pandemic as most businesses have online options to begin with. 

No matter what the future brings, or the little and bigs ways the world may be different after all this is over, at Colling Insurance Services Inc. We are here for our clients, as we have always been. Contact us to purchase your life insurance policy so your family will be protected in a worst-case scenario. We serve Lakewood, CO and the surrounding counties. 

When is the right time to buy longterm care insurance

Like most places in the United States, Lakewood, CO has an aging population. Slightly over 5% of Americans over the age of 65 are in longterm care facilities, by age 95 it is almost 50%. Beyond that, 50% of those 65 years old today will need some longterm care. Most will need care for under two years but more than 10% will need more than 5 years.  Given these statistics and the cost of longterm care in Colorado being in excess of $100,000 per year, longterm is something that should be on most people’s minds. Colling Insurance Services, Inc. is here to help you with this important financial decision. 

Long-term care insurance covers many of the expenses that are not covered by health insurance or medicare. It can provide help when you have a chronic health condition, are disabled or have diseases like dementia or Alzheimer’s. It can help with ADLs (activities of daily living) such as bathing, dressing and taking medication. This help can be provided in your home, in assisted living or in a nursing home. It can even help with adult daycare. 

Unlike life insurance which should be purchased as young as possible, longterm care insurance is normally purchased between the mid-50s and the mid-60s. What you don’t want to do is to wait too long. Once you have developed a serious condition it is too late,  you will not be eligible to purchase it. 

When purchasing longterm care insurance can be a tricky decision, you have to buy it when you are still healthy and often serious illness gives a little warning. At Colling Insurance Services Inc. in Lakewood, CO our team is here to offer you the advice you need to make an informed decision. Stop by the office or give us a call to make an appointment. 

Offering Health Insurance Benefits for Employees

No law in the state of Colorado requires an employer to provide health insurance for the employees of the business; however, most employers do provide this insurance coverage.

However, under Colorado law, most people, with some exceptions, are required to have health insurance if they live in the state of Colorado as a resident. This means if they do not have health insurance from their employer, they must get their own coverage unless they are exempt.

The exemptions in Colorado are:

  • Short-Term Visitors: Anyone in the state for less than three months is not required to have health insurance.
  • Low Income: People below the limit required for filing federal taxes and those who would have to pay more than 8% of their income for health insurance do not have to buy it. They get Medicaid coverage for free instead.
  • Other Exemptions: People who are not legally in the United States, those who are incarcerated, members of federally-recognized tribes, certain religious members, and those with hardships who apply for an exemption.

Health Insurance Consultation

For business owners who desire to provide health insurance for their employees and for those who are looking on their own for health insurance coverage for themselves and their families, consult with an agent at Colling Insurance Services Inc. serving Lakewood, CO, and the surrounding area.

Your agent will help you explore the options and bring some clarity to the variety of health insurance program choices for you to consider. The agents keep up with all the constant, ongoing changes, so you do not have to be concerned that you are making a bad decision when you work with an expert in health insurance.

To get help with all of your health insurance needs, contact your agent at Colling Insurance Services Inc. in Lakewood, CO for a health insurance review and to get a quote.

Can I purchase dental insurance by itself in Lakewood, CO or does it have to go with a health insurance policy?

If you or a family member isn’t getting dental insurance through an employer you have to go to the marketplace to find a policy. If you already have a health insurance policy, will that interfere with your purchase of dental insurance? Do you have to purchase dental with regular health insurance, or can you purchase a dental plan by itself?

If you live in Lakewood, CO and need dental insurance, you actually have a choice as to how you decide to purchase it. At Colling Insurance Services Inc., we can help you find a plan that works with what you already have, or we can help you find a whole new plan. 

If your health plan includes dental, you will pay one premium to get all the services offered by your comprehensive plan. If you choose a stand-alone policy, you will have two different premiums. You can even choose dental coverage at a completely different company than the one one that services your health insurance.

Dental insurance is an essential benefit for children, but not adults, so health insurance plans must offer coverage to minors either as part of a comprehensive plan or as a stand-alone plan. Sadly, dental insurance isn’t considered essential for adults.

When choosing your plan, you will probably have to choose a higher premium with lower copayments and deductibles or a lower premium with higher copayments and deductibles. Think about whether you want to pay less every month and then pay more for services.

If you live in Lakewood, CO, you have choices when it comes to dental insurance. Call Colling Insurance Services Inc. today so we can help you explore your options.