Tag Archives: Colling Insurance Services

How To Find the Right Commercial Insurance for Your Business

When it comes to running a business, there are a lot of things to keep in mind. From product development and marketing to sales and customer service, there’s much to stay on top of. And one of the most important things to think about is commercial insurance. Commercial insurance protects businesses from liability in an accident or injury. But with so many different types of coverage available, how do you know which one is right for your business? Here’s a quick guide to finding the right commercial insurance for your business.

1. Understand Your State’s Insurance Requirements

Every state has different insurance requirements for businesses. So, the first step in finding the right commercial insurance is understanding what your state requires. Some states require companies to carry a certain amount of liability coverage, while others don’t have any specific requirements. Once you know what your state requires, you can start shopping around for a policy that at least meets those requirements.

2. Determine What Type of Coverage You Need

There are many different types of commercial insurance coverage available. Some common types of coverage include property damage, liability, workers’ compensation, and product liability. Depending on your business type, you may need one or more of these types of coverage. For example, if you have a lot of employees, you may need to carry workers’ compensation insurance. And if you sell products, you’ll need product liability insurance. Once you know what coverage you need, you can start shopping around for a policy that meets your needs.

3. Get Quotes from Multiple Insurers

Once you know what you need, it’s time to start shopping around for a policy. The best way to find a policy that meets your needs and budget is to get quotes from multiple insurers. When you request a quote, provide the same information to each insurer so that you compare apples to apples. And don’t forget to ask about discounts.

4. Read the Policy Carefully

Once you’ve found a commercial insurance policy you’re interested in, it’s essential to read it carefully. This will help you understand what’s covered and what’s not. And it will also help you ensure you’re comfortable with the coverage limits.

5. Work with an Insurance Agent

If you’re having trouble finding the right commercial insurance policy for your business in Lakewood, CO, you may want to work with an insurance agent. Insurance agents are familiar with the different types of coverage available and can help you find a policy that meets your needs.

Keep these tips in mind when you’re shopping for commercial insurance. By following these tips, you can be sure that you’re getting the right coverage for your business. Colling Insurance Services Inc is here to help with any questions about finding the right commercial insurance for your business. Give us a call today to learn more.

How Colorado’s Worker’s Compensation Laws Affect Small Businesses

Small businesses in Colorado must comply with the state’s workers’ compensation laws. These laws provide specific protections for employees who are injured or become ill due to their job. Colling Insurance Services, Inc. understands Colorado’s workers’ compensation laws are complex, so we’re here to help small business owners in Lakewood, CO become familiar with them before they open their doors.

How does workers’ compensation insurance work in Colorado?

Workers’ compensation insurance is designed to help cover the costs of medical treatment and lost wages for employees. In Colorado, small businesses must have workers’ comp insurance when they have one or more employees. Most business owners in Colorado purchase workers’ compensation insurance through a commercial insurer or the state-sponsored Workers’ Compensation Insurance Pool. Large employers may self-insure their workers’ compensation risks by obtaining approval from the Colorado Division of Workers’ Compensation.

Colorado Workers’ Compensation Benefits

  • Workers’ compensation insurance pays for medical benefits for injured workers. These benefits include:

  • Payment of medical bills related to the injury

  • Reimbursement for travel expenses related to treatment

  • Vocational rehabilitation

In addition, workers’ compensation insurance pays benefits for lost wages for employees who cannot work because of their injuries. The wage replacement benefits are based on a percentage of the employee’s pre-injury earnings.

What are the penalties for not having Colorado workers’ comp insurance?

You could be fined up to $500 per day if caught without insurance. If an employee is injured while uninsured, you will be liable for the entire claim plus a 25% penalty fine. You may also be subject to civil and criminal penalties. The local government might shut down your business until you comply with the law.

Colling Insurance Services Inc. in Lakewood, CO, offers workers’ comp insurance to protect you and your employees. We have the experience and knowledge to help you get the coverage you need at a price you can afford. Call us today to learn more about our workers’ comp insurance options.

What Are Some Things To Consider When Buying RV Insurance?

When you are considering buying RV insurance, there are a few things you need to keep in mind. The first is that not all policies are the same. You must ensure that you get the right coverage for your needs. At Colling Insurance Services, Inc., we can help you find the right RV insurance policy for your needs. Here are a few things we recommend you consider when shopping for RV insurance:

Compare Total Loss Replacement Vs. Actual Cash Value

Replacement Cost Value (RCV) is the amount needed to replace your RV with one of a similar kind and quality at the current market price. Actual Cash Value (ACV) accounts for depreciation and is generally less than RCV. It’s crucial that you understand the difference to make an informed decision about which type of coverage is right for you.

Get a Quote for Full-Timer Coverage

If you plan on living in your RV full-time, you will need a quote for full-time coverage. This type of coverage differs from standard RV insurance and will cover things like your personal belongings, liability, and medical payments.

Ask About Discounts

A number of discounts available can help you save money on your RV insurance premium. Some of the discounts that may be available to you include:

  • Multi-policy discount: If you have more than one policy with the same company, you may be eligible for a discount.
  • Good driver discount: If you have a clean driving record in Lakewood, CO, you may be eligible for a discount.

Make Sure You Have Enough Liability Coverage

Liability coverage is important because it protects you if you are found at fault in an accident. The liability coverage you need will depend on several factors, including the value of your RV and assets.

Conclusion

When you are shopping for RV insurance, be sure to keep these things in mind. If you have any questions, our Colling Insurance Services, Inc. team is here to help. We can work with you to find the right RV insurance policy for your needs and budget. Give us a call today or visit us in Lakewood, CO.

Is Boat Insurance Needed in CO?

Boat insurance is not required in Colorado; however, this doesn’t mean that your finance lender will not require insurance or that you should skip having coverage. Generally speaking, if you financed the purchase of your boat, the lender will require that you carry boat insurance coverage till the vessel is paid off because this ensures that their investment in you is protected should an accident happen. In addition, storing your boat at a marina may result in the insurance being a requirement in your storage agreement. Regardless of whether or not it is required, boat insurance is a must. Interest in boating is exploding with accidents on the rise and boats are not an inexpensive investment. 

Factors that influence the annual premium can include the type of boat, the boat’s length if it is being used in a commercial capacity, where the boat is being stored, and the amount of coverage you purchase. Boat insurance policies can vary from one provider to the next, but typically coverage will include liability insurance that pays the costs associated with an at fault boating accident, comprehensive insurance for non-collision related damage, equipment insurance for things like fishing gear, GPS devices and towables, uninsured boater insurance to help pay for damages or medical expenses if another vessel hits your boat and doesn’t carry insurance. 

Having a boat insurance policy can save you substantial money if there’s an accident and having a professional like the team at Colling Insurance Services Inc in Lakewood, CO by your side will help you find the best coverage possible. Give Colling Insurance Services Inc a call or stop by our conveniently located office in Lakewood, CO to learn more about our boat insurance offerings. 

How Can an Umbrella Insurance Policy Help You?

Similar to a real umbrella, umbrella insurance can protect you from a variety of things. This type of personal insurance offers additional liability coverage when you need it most, such as from extensive claims and lawsuits. Serving Lakewood, CO, Colling Insurance Services Inc. wants to share how an umbrella insurance policy can help you.

What Does a Personal Umbrella Insurance Policy Cover Typically?

Generally speaking, umbrella insurance is designed to protect you from a variety of events that may lead to significant financial loss. For instance, if your home is paid in full and you own a second property that you want to protect, a personal umbrella policy may help extend your insurance protection.

Umbrella Insurance and Your Auto Insurance

If you are ever worried about your auto insurance policy not being enough to cover damages that are sustained in an accident, or if you are ever sued after causing an auto accident, an umbrella policy may be something to consider.

Umbrella Insurance and Your Homeowner’s Insurance

If someone slips and falls on the swimming pool deck and suffers a very serious injury, they may decide to sue you for the medical expenses, pain and suffering, etc. In the event your homeowner’s policy fails to cover all of the expenses, you are left paying for those expenses out of your own pocket.

The good news is that an umbrella insurance policy can help cover those costs.

How Exactly Umbrella Insurance Works

Ultimately, umbrella insurance will step in when your homeowner’s or auto insurance limits have been reached, providing you with additional protection to take care of the unexpected that has come up.

If you would like to learn more about umbrella insurance and how it may relate to situations more specific to you, contact Colling Insurance Services, Inc. Serving Lakewood, CO, our team can discuss umbrella insurance options with you, work with you to customize your coverage so it fits your individual needs, and ensure your personal assets are safeguarded moving forward.  

Long Term Care Benefits for Colorado Residents

Long-term care is an inevitable part of most people’s lives, and you should be aware of the options and choices you have when it comes to long-term care insurance in Lakewood, CO. 

Colling Insurance Services Inc. understands the hesitation some people have with investing in long-term care insurance, and we can answer any questions you have about the need for this type of coverage. 

Many people don’t know that in order to qualify for long-term care insurance, you have to be in good health and without any pre-existing conditions. That’s why it’s often encouraged to purchase it while you are younger and in better health, so you can maintain the policy over the years instead of trying to get it when it’s too late and you have medical issues. Once you are sick, you do not qualify for long-term care insurance. 

Nobody plans to become unhealthy, get sick, acquire a disease or illness, but it happens frequently. The older you are, the less capable your body is of fighting off an illness. If you feel compelled to explore your options regarding long-term care insurance, we are here to help at Colling Insurance Services Inc. 

People are also concerned about the cost of this type of insurance, which is a valid concern – it is expensive. However, the cost of long-term care without insurance is staggering. We encourage you to protect yourself and your family members from this financial burden while you still can. 

If you’re in Lakewood, CO and the surrounding areas, give us a call at Colling Insurance Services Inc. We can work with you to find the best solution for your long-term care needs and address all your concerns. Don’t hesitate to reach out. 

Life Insurance Options

Life insurance is more important than most people realize. It provides security for your loved ones financially when you pass away. They will then have the space to grieve your death without the financial stress that may come with it and the life insurance agents at Colling Insurance Services Inc in Lakewood, CO are prepared to answer any questions you have about life insurance policies.

The Importance of a Life Insurance Policy

Life insurance is a very important type of policy to have as it protects your loved ones in the event of your death. It will also give you a sense of peace and comfort in knowing your loved ones will have financial stability when you pass away.

Types of Life Insurance Policies

There are three main types of life insurance policies.

Term Life Insurance

A term life insurance policy is more strict in the fact that you only have the coverage during the term in which the policy is active. Once the term expires, you will need to purchase another term and your premiums may increase. It is a simple type of life insurance that you get to choose the amount in which the term lasts, from one year to 30 or more years.

Universal Life Insurance

Universal life insurance is a very popular type of policy since you can borrow from the policy while you are still alive. This allows you to pay off major bills before you pass away, such as your mortgage and credit cards, so that your loved ones are provided for in the event of your untimely death.

Whole Life Insurance

There are three types of whole life insurance policies you can choose from, including universal life, variable universal life, and traditional whole life. Any of these three types are considered permanent life insurance and will pay out a death benefit when you pass away.

To obtain a quote and to decide upon which type of life insurance will work best for you and your loved ones, contact the trusted and experienced life insurance agents at Colling Insurance Services Inc in Lakewood, CO today!

Do you need to have health insurance when in Lakewood?

People that are in the Lakewood, CO area will always have various insurance needs. One type of coverage and protection all people here need to have is health coverage. Those that do reside in this area of the country will need to have this health insurance coverage for multiple important reasons. 

Having Access to Affordable Care

A primary reason that all people should maintain a health insurance plan is so they can have access to affordable care. When you do get health insurance, you will have access to doctors, physicians, specialists, and other healthcare professionals at a much reduced rate. Further, you will have access to medication and other services and reduced rates as well. If you do incur a significant medical expense throughout the year, there are typically out-of-pocket caps that you can hit to further reduce your bill while receiving necessary care and attention. 

Maintaining Coverage Will Meet Legal Requirement

The primary reason people in this area of Colorado should get this coverage is to ensure they have access to affordable care. However, having health insurance is also a legal requirement today. For several years, all people have been required to maintain this insurance. If you are not able to provide evidence of coverage when filing your income taxes, you could be assessed a fee at the end of the year. 

Those that are in the Lakewood, CO area will always want to ensure that they have proper health insurance in place. When you are looking to get a health insurance plan in this area, it would be a good idea to call Colling Insurance Services Inc. The team with Colling Insurance Services Inc. can help you build a plan that will ensure you remain properly protected and supported. 

Variables To Consider While Researching Dental Insurance

Colling Insurance Services Inc. offers coverage to the Lakewood, CO community. We recognize that each of our clients have unique needs. That’s why we work closely to find custom policies. We want our clients to be protected in any situation.

Dental Insurance Variables

You strive to live a healthy lifestyle so that you can make the most of your experience as a Lakewood, CO resident. Part of having a healthy lifestyle is taking care of your teeth. Dental insurance covers your treatment. You are protected for preventative care visits every year, as well as emergency visits. This includes teeth cleaning and x-rays. While researching dental insurance policies, consider these variables.

Research your policy carefully to see which treatments are automatically covered and whether you may need to amend your policy. In some cases, dental insurance will cover you if you need your teeth pulled. However, you may need extra coverage if you plan to undergo a root canal.

Think about whether you will be assigned a network. It’s possible that your dental insurance policy will assign you to a network where you are allowed to receive treatment. If you choose to see a dentist outside the network, things may become complicated. You may have to inquire about an alternative policy.  Some policies allow you to stay protected even when you are traveling. If you are having a bad toothache on vacation, you are covered if you need to go to the local emergency and receive treatment. Dental insurance policies have flexible treatment options.

Colling Insurance Services Inc. Will Help You Find The Right Policy

Visit our website to learn more information about dental insurance.

4 Advantages of Worker’s Comp Insurance

Among the many business insurance policies, worker’s compensation cannot go unmentioned. No matter the business type, your employees are prone to injuries. With this in mind, workers’ compensation insurance comes in handy as it compensates for work-related injuries and other illnesses. 

Why should I incur an extra cost in purchasing worker’s comp insurance? Why do I need this coverage, yet I have a safe working environment? If you are not sure about worker’s comp insurance, here are the benefits you accrue when you purchase this coverage from Colling Insurance Services Inc. of Lakewood, CO.

Protects your employees 

The policy ensures that your employees get the appropriate cover in the workplace. The policy cushions against accidents, sickness, and injuries that happen due to work-related issues. The coverage covers:

  • Medical expenses
  • Death benefits
  • Missed wages while the worker is recovering

Protects your business

Any company that values its employees is viewed positively. One sure way to appreciate your employees is getting worker’s comp insurance. This insurance not only boosts the confidence of your employees but cushions your company against lawsuits that employees could file due to work-related injuries. The policy thus protects your business from the financial burden as a result of employees’ work-related incidences. 

It’s mandatory by law

Colorado requires businesses to purchase worker’s compensation insurance. Compliance with this law keeps you off hefty fines and penalties. 

It’s affordable 

Worker’s compensation insurance is essential yet very affordable. While it doesn’t come for free, the cost of this coverage is minute compared to the costs it saves you when the unexpected strikes your business.

Worker’s comp insurance in Lakewood, CO

There you have it, the advantages of having the worker’s comp insurance. If you have a business and employees, better be safe than sorry. Contact us at Colling Insurance Services Inc. for an affordable quote.