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Can umbrella insurance cover breach of contract?

Many of us associate umbrella insurance with liability coverages. In fact, it is the main reason why most wealthy business owners, asset owners, and landlords in Lakewood, CO buy umbrella insurance–to add extra coverage to protect their valuables. Umbrella insurance goes beyond simple liability coverage that home, boat, and auto insurance offers.

At Colling Insurance Services Inc., we understand that we are living in a very litigious society. That is why we help people like you add extra liability coverage to avoid expensive lawsuits in case they happen.

Umbrella insurance and breach of contract.

Umbrella insurance is known to go above normal liability coverages and cover most legal issues. When you decide to buy the policy, it is important to consider your exact insurance needs as well as the terms and conditions of your insurer. Most umbrella insurance plans are linked to various legal issues that include breach of contract. If you have been looking for coverage that will help cover for breach of contract in Lakewood, CO, the umbrella insurance will do.

Should you hire a lawyer

Most umbrella insurance claims often involve some complex terms and concepts that may require you to hire a lawyer to help you through the process. Breaching a contract is not a straightforward activity, and a lot of proof and evidence needs to be presented, which can lead to serious strain on your finances. Umbrella insurance will pay for the legal fees based on your coverage limits.

Business loss of use and negligence cases

Like we said, contract cases are hard to prove as they contain a lot of technicalities that can quickly trip a lawyer. If your contract is breached, you want to prepare yourself by hiring some of the best lawyers to protect your interests. This is made possible when you buy adequate umbrella insurance.

For more information, feel free to visit us Colling Insurance Services inc. today!

What Is Longterm Care Insurance and When Do I Need It?

When you buy health insurance, there’s a tendency to let the matter go for many people. But health insurance is not necessarily designed for long-term illnesses, which is why longterm care insurance is available in Lakewood, CO to help you cover your bases. Colling Insurance Services Inc. is here to help you understand when it’s needed and what it’s used for. 

A Special Kind of Insurance 

There can be a lot of consequences of a major condition. You might be kept in the hospital for long stretches of time followed by even longer healing periods. The emotional strain alone can be difficult to bear, let alone the financial strain. The point of this kind of insurance is to have everything you need to get by during a particularly hard time. This kind of insurance is not an easy one to consider simply because it means thinking through the worst-case scenario. Still, it’s important to have an understanding of it before deciding whether to move forward with it. 

Reaching Out 

Colling Insurance Services Inc. knows that deciding on the right kind of insurance can be laced with plenty of questions. For the most part, younger people aren’t at risk for long-term illnesses, so they aren’t always candidates for this form of insurance. It’s generally better for people over a certain age or those with certain health conditions in Lakewood, CO.

If you know you want steadfast security in your life in the form of longterm care insurance, we ask you to give our staff a call today. We want to help you discover ways to augment your current insurance so you have everything you (and your family) will need if you’re unable to work or care for yourself for long stretches of time. 

Why should I get life insurance?

People that are in the Lakewood, CO area are going to have a variety of personal insurance needs. Most of these insurance policies are designed to protect assets or limit liability risk. However, another form of insurance that many in this area should consider getting is life insurance. There are several reasons why someone should get a life insurance policy. 

Coverage Provides Financial Protection

A primary benefit that comes with getting a life insurance policy is that it can offer you financial protection for your dependents. If you have dependents that rely on your income to live, you will want to make sure these people are cared for. When you get a life insurance policy, you are going to be able to name your dependants as your beneficiaries. Additionally, you will be able to create a policy that is designed to work for you based on the amount of coverage and term of the policy. 

Life Insurance Can be an Investment

Another reason that someone should get life insurance is that it can be a good investment as well. When you are looking to round out your investment portfolio, a whole life insurance policy will provide you with a conservative investment option. When you get this form of insurance, it will provide you with life insurance coverage but a portion of your payments will also accumulate in an account that you can liquidate in the future. 

When you are shopping for life insurance in the Lakewood, CO area, you should call Colling Insurance Services Inc. When you call Colling Insurance Services Inc. you can learn a lot more about how life insurance can benefit someone. The team can also help you to pick a policy that will give you the coverage that you need. 

3 Benefits of Having a Health Savings Account

In Lakewood, CO, the agents of Colling Insurance Services, Inc. offer information about health savings accounts to individuals who are looking for ideal ways to pay for some of their health and medical costs. Health savings accounts can have part of your paycheck direct deposited into it or you can add money whenever you choose.

No Tax

The money that goes into your health savings account is not taxable unless you use it for something other than a health or medical-related purchase. Money that is earmarked for your HSA account can be taken out prior to your wages being taxed.

Use It Any Time

Health savings accounts can be used at any time. You can use the money while you are on vacation or whenever you need to pay a co-pay or deductible. You will receive a debit card with your account that will provide you with easy access to your funds whenever you need them.

Covers Any Type of Medical or Health Related Cost

A health savings account will cover any health or medical-related cost. This includes costs associated with prescriptions and pre-existing conditions. The money can also be used to purchase vitamins and supplements, braces, and other items that are needed to provide direct care.

The agents of Colling Insurance Services, Inc. are dedicated to providing the residents of Lakewood, CO the best possible health insurance coverage at all times. Health insurance coverage can be confusing. With a health savings account, the agents can make it easy for you to cover many of your most unexpected health and medical expenses. Call your agent today to see if a health savings account is right for you.

The Importance of Dental Insurance

Keeping a healthy set of teeth in your mouth is an overwhelming task. If left untreated, multiple diseases (diabetes, respiratory and cardiovascular ailments) have a direct correlation to poor dental hygiene. It’s wise to learn the importance of dental insurance from Colling Insurance Services Inc. of Lakewood, CO.

How Does Dental Insurance Work

The basics of your dental insurance policy can differ from another person’s or family’s care plan. It’s designed to cover all preventative and emergency dental procedures. And that could mean biannual checkups of your teeth, gums, and providing some protection from unexpected oral surgery for major dental injuries. Quickly, you will learn the importance of quality dental insurance coverage as these same medical procedures are quite expensive on their own.

The goal of dental insurance is to offer some form of preventative care that quickly identifies oral health issues early in their development. If tooth decay or gum disease goes unnoticed, then it could manifest into a serious medical condition. Dental insurance is much more than preserving your smile. 

Dental Insurance Provides All The Right Benefits

Often the wording of your dental insurance coverage is limited to your current health condition. You want to design a policy that protects your healthcare needs. It’s important to gain the right dental insurance benefits that protect your teeth and gums long-term. A person wants to have the confidence to smile in public situations. 

Just like primary health insurance, dental insurance can help lessen the cost of annual visits and immediate treatment needs. Most policies offer at least two teeth cleansings-per-year, $ 5,000 maximum annual coverage for all required dental care, and other treatment options.

Good dental insurance should be part of your overall healthcare plan. Speak with a representative from Colling Insurance Services of Lakewood, CO to learn more about quality dental insurance coverage. Schedule an appointment today!

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.