Common Commercial Insurance Myths

Introduction

Business owners are so busy these days making sure they work hard to bring in profit and make their businesses grow. Because of this, it’s easy to forget about details concerning commercial insurance. These details, even if they seem to be small, can be detrimentally costly. Thus, it’s important that businesses are aware of commercial insurance myths, so they won’t be terribly surprised. With concentrating on the state of Tennessee, the following include those common insurance myths: 

1.  Only doctors and lawyers need to be concerned with errors and omissions’ insurance. 

Again, this can be a grave mistake with this fallacy of thought. Any service provided for a fee has an E&O exposure. 

2.  I possess enough insurance coverage. 

Every business is unique in their business needs and risks. That is why it’s important to contact a reputable, experienced, and knowledgeable insurance company to ensure you have the right amount of coverage. 

3. Older agents are always more equipped.  

Just because older agents may have more experience doesn’t necessarily mean they all are more knowledgeable concerning this field 

4. There is no need for really small businesses to worry about lawsuits. 

Many think that businesses and people with deep pockets only need to worry about lawsuits, but anyone can get sued. So, just because you don’t generate enough revenue in your business, you still have to pay the judgment ruled against you via possible garnishments and seizing of assets and bank accounts.  To prevent this travesty, it’s vital to obtain the appropriate liability coverage amount.  Brock and Poole Insurance Agency, located in Collierville, TN, is the one to turn to concerning your insurance needs. 

5.  Obtaining a Business Insurance quote shouldn’t take long. 

With the brainwashing of insurance commercials and instant access at our fingertips through search engines,  many tend to think that it’s quick and easy to get a business quote in minutes. However, a good insurance agent will take the time to consult with you concerning a full depths of your business and the risks associated with it. 

Conclusion

If you living in the Collierville, TN or surrounding areas, Brock and Poole Insurance Agency is the one to turn to you with all your commercial insurance needs. So, contact them today, and you will be in good hands. 

How much life insurance do I need?

Despite the challenge of planning for life after death, many clients come to us at Brock and Poole Insurance Agency in Collierville, TN, in hopes of doing exactly that. Caring for dependents and other loved ones requires careful planning and conversations that are difficult for most. One of the most common insurance-related questions we receive is, “How much life insurance do I need?”

Because the answer is highly individual, we meet with each client face to face to discuss their current situation, their goals in purchasing life insurance, and their questions and concerns. Some of the most important things to take into consideration when planning for life insurance include:

  • What are your goals? What are you hoping to achieve in purchasing life insurance?
  • Whether you really need life insurance. If you don’t have dependents or debt, you may not need a life insurance policy.
  • Which debts might be outstanding upon your death if you were to pass away today, in five years, or in 20 years.
  • Which assets your family would have access to upon your passing, not including those they would need to keep in order to live comfortably, such as your home.
  • How much income is required monthly to run your current household.
  • How many dependents you have and how old they are.
  • Whether your spouse works and how much he or she earns.

By exploring your personal goals and current financial standing, we can assist you in selecting a policy that provides the comfort and security you want for your family long after you pass away. Because insurance regulations vary significantly from state to state, choosing an agent in Tennessee is important in protecting your future.

To learn more, contact Brock and Poole Insurance Agency in Collierville, TN, today!

                     

Common Mistakes When Purchasing Home Insurance

Buying home insurance is an important way of keeping a home safe from damage, but many Collierville, TN residents don’t fully understand the buying process. That’s why we’re here to point out some common mistakes and why they should be avoided when buying home insurance.

Focusing Only On The Policy Cost

Trying to save money on policies by getting the cheapest possible one is a major mistake. Why? It often leaves you with inadequate coverage that may leave your home at serious risk. For example, if you fail to buy a “valuables insurance” coverage option, your collection of rare comic books will not be covered if they are destroyed in a fire.

Ignoring Flood Insurance

On that same note are the problems that occur if you ignore flood insurance. Floods in Tennessee are common due to the heavy rains in spring and fall, making it necessary to invest in this important additional coverage. Even if you’re in a low-risk area, a full 25 percent of all flood claims come from areas considered to be at a “low risk” for flood damage.

Failing To Check For Policy Updates

People who purchase home insurance need to ensure they have followed the latest policy updates. For example, people who buy a policy and then add a major change to their home, such as a pool or a second story, need to update their policy to cover these new additions to their home.

Making “Renters Insurance” Mistakes

If you rent out a home, its inhabitants need to get their own renters insurance to cover their belongings. Your policy will only cover your personal items in the home, as well as the home. This is a serious mistake because it can leave your renters in a precarious situation and may even lead to angry and financially devastating lawsuits.

Finding The Best Policy For Your Needs

Collierville, TN residents that want to avoid these simple mistakes should turn to Brock and Poole Insurance Agency. They offer a variety of great coverage options that can make your home insurance situation that much easier to manage.

Preparing for the Autumn in Collierville, TN

If you live in Collierville, TN, there are many things that you should keep in mind in terms of home insurance. In the state of Tennessee, the seasonal changes are not too extreme. However, you should still make sure that you prepare for the seasonal changes that do occur and prepare for the autumn and impending winter.

There are many things that you should do to prepare for the cooler weather that is coming. Your house will be under more stress because of the weather, as well as the consequences of that weather. You should make sure to clean out any leaves and other debris from the gutters, so that the gutters are not clogged. If they are clogged, this could cause damage to your water drainage systems, costing you money that is not going to be covered by your policy. You should also make sure that water pipes in areas that are exposed to cold temperatures are insulated, as any damage to these pipes will not be covered by your home insurance policy if they can show that you did not make an effort to keep your home adequately heated. You should also have sandbags that are ready in the event of a flood. Unless you have flood insurance, a flood will not be covered. Home insurance policies do not generally cover flooding. There are several more things that you should keep in mind, and you should look to your home insurance policy for a comprehensive idea.

If you want to make sure that you have all the information you need about home insurance as it applies to the autumn season in Collierville, TN, you should feel free to contact Brock & Poole Insurance Agency, Inc. The agents at Brock & Poole Insurance Agency, Inc. have the expertise to be able to give you any information you would want and answer your questions about home insurance in the state of Tennessee.

Tennessee Commercial Insurance

Owning a business can mean the freedom to be your own boss, the joy of serving others and the satisfaction of personal success. In some circumstances, however, it can also mean unique legal issues and liability concerns. At Brock and Poole Insurance agency, we understand the legal needs of Tennessee business owners, and help our clients deal with these contingencies every day through appropriate commercial insurance coverage.

Depending upon the type of business or attraction you own and/or manage, your commercial insurance coverage needs may vary. For businesses like small retailers and general services (accounting, dry cleaning, etc.), your commercial insurance coverage may focus predominantly on general liability coverage and protection from things like product liability, libel, slander, property damage, etc. An amusement park or fitness center business, for example, may require more advanced coverage that protects you in the case that one of your patrons is injured or otherwise harmed on your property. If you own a home-based business, you may also be surprised to learn that certain business-related aspects may not be covered by your homeowner’s insurance (or even by available homeowner’s insurance riders). 

Because of the variability of coverage based on the type of business activities, products and services you provide, it is important to discuss all possible legal concerns and coverage options with an expert insurance agent. If you are a Tennessee business owner or are considering opening a commercial enterprise in the Collierville, TN area, make sure that you’re appropriately insured. The knowledgeable agents at Brock and Poole Insurance Agency can help you identify the best commercial insurance coverage policy for your needs at the right price for your wallet. 

Types of Motorcycle Insurance

It is essential that any operating vehicle, be it car or motorcycle, be properly insured before it takes to the road. That being said, finding the right insurance coverage can be difficult and confusing.  Brock and Poole Insurance Agency can help you understand the levels of coverage that are available and decide which level of insurance is right for you.

There are several different coverage options when it comes to motorcycle insurance just as there are with car insurance. The first and most obvious is going to be full coverage. This is going to be required in most states if you have a lien against the bike and owe money to any lending agency for it. This is to protect the interest of the company that loaned you the money.

If there is an accident, full coverage will cover the cost of the loan so that you can purchase another vehicle and so that no one loses a ton of money. Most full coverage policies are also going to have specific options like paying medical bills, how much money is paid out in the event that the bike is totaled and so on. You can find out more about this specific type of coverage for your state from your insurance agent.

The other common type is liability insurance. This is only going to cover a certain amount of money and will help take care of your medical bills and of the bills of the person that is involved in a crash with you. This is going to be the type of insurance you may have if you buy the bike outright and owe no money on it.

No matter what type of insurance coverage you opt for, it is always easier if you have an agent on your side to help you get through the process. 

Tips For Prepping for Summer Boating

Summer is a great time for many people. There are more things to do as the days get longer and the temperature heats up. A popular thing to do, especially if you live by the water, is to spend a lot of time on your boat. While you may want to get out there right now because it is a great day, there are a few things you need to do in order to prep your boat for summer fun. Use our tips to get started so you can have a great summer on your boat.

  • Get a tune up on your boat. If you have been letting your boat sit all winter, then you should probably get a tune up to make sure everything is working well. 
  • Check your battery. Another thing to check if your boat has not gotten any use is the battery. Make sure it has enough charge and if it doesn’t, you may want to get a new one. This is also true if you o a few weeks in between uses this summer. 
  • De-winterize your boat. If you winterized your boat before winter, you need to de-winterize before you use it.
  • Make sure you have your safety supplies on board. Make sure you have life jackets that are in good shape. Check your fire extinguisher. Make sure your first aid kit is stocked. We know you don’t want to use it but you need to have it ready just in case. 

Even with all of the prepping, if you do not have a good boat policy, you should not be out on your boat. To explore your boat policy options or even take a look at your current policy, please contact us at Brock and Poole Insurance Agency. We will be happy to assist you.

ATV’s for First Time Riders: Tips for Safety

Owning and riding an all-terrain vehicle, or ATV, is an adventure that the whole family can enjoy and with safety rules in place when learning to ride, that enjoyment can last for years to come.

Choosing an ATV
When purchasing an ATV for children who are new to the sport of riding, choosing an ATV that will fit the size of a child is important for the safety of the child. ATV’s designed for children usually are not as heavy as an adult ATV which allows the child to have control over the movement of the ATV.  They also have a smaller engine and an automatic transmission and therefore don’t go as fast. 

Equipment
Helmets, goggle, boots and gloves are essentials for riding as they will protect your body from injury in the event that you wreck.  If nothing else is purchased, a helmet is the most important piece of equipment to invest in.   

It’s Time To Ride
When riding an ATV for the first time, it’s a good idea to ride slowly and get a feel for how the ATV speeds up, how to make turns smoothly and how to bring the ATV to a stop without doing so abruptly.

When purchasing an ATV, it’s wise to do a bit of research as to what your homeowner’s insurance policy covers.  If you are not riding on your own property, the policy may not cover the ATV and in addition, some states require additional ATV insurance.  To make sure you are fully covered, call Brock and Poole Insurance Agency, servicing the Collierville area today at 800-396-9667 to see if you have the coverage you need.

Ways to Give Back that Feel Great

Looking for a way to make yourself feel great? That doesn’t necessarily mean going to the spa to get a facial or getting a new outfit, it can mean doing something for someone else in your community, and there are many ways to do so. 

1. Visit the Department of Veteran Affairs

You may want to offer to take a veteran to dinner or just sit with one and chat. You’d be surprised how many interesting stories they have to tell. There are other organizations besides the Department of Veteran Affairs that help those who served our country. 

2. Adopt a Pet  

Go to your local animal shelter or pet rescue center and adopt a pet. These homeless felines and canines have nowhere to go and no one to love them. You can be the one to provide both. Some of them have suffered from being in an abusive situation or near starved to death. You have the option to foster a pet, or you may opt just to donate to the facility. Remember, they rely on donations and can’t feed or nurture these animals without the generosity of others. 

3. Donate Your Unused Clothing and Other Items

Not everyone has the ability to afford clothing, furniture and other items; therefore, they make do with what very little they have. Anything you have that’s in decent condition and you’re not using can go to someone else in need. It doesn’t have to be in perfect condition either. Plus, you’ll free up space in your home, so it’s a win-win situation for everyone. 

4. Know Someone Who’s Lonely?

Maybe you have an elderly neighbor that nobody comes to visit. Even if they’re not the most pleasant of people, go spend a little bit of your time with them. It will make all the difference. 

Brock and Poole Insurance Agency gives back to the community and encourage you to do so as well. If you’d like to know more about their insurance, contact them at 901-854-9775 today. 

What You Need to Know When Renting Cars Abroad

If you’re getting insured in Collierville, TN, Brock and Poole Insurance Agency is all you need to stay covered. But what if you’re renting a car while on vacation overseas? Here are a few things you’re going to want to know about driving a rented car abroad:

It May Take Some Getting Used To

Don’t be surprised if the steering wheel winds up being on the "wrong" side of the car. Foreign cars can be a little imposing, so don’t be afraid to ask any questions you might have about how to convert gallons to liters and miles to kilometers. Rental agencies are there to help, so ask away.

Some Personal Insurers Offer Insurance for Rental Cars

If you’d rather not shell out for the additional insurance offered by the rental agency, you may be able to get coverage from your insurer back home. Ask your provider before taking off to be sure. If your insurer can’t cover you overseas, some credit card companies also offer insurance, so feel free to compare quotes between your credit card company and the car rental agency.

Study the Local Laws

It’s very important that you take some time to get used to the traffic laws in your new location. Even in the US, it can vary from state to state whether or not you’re allowed to turn right on a red light. Learning a new country’s traffic laws and customs is like learning to drive all over again, but the last thing you need is a traffic ticket and a court date that forces you to reschedule your return trip.