Advantages of Employee Insurance

If you live in Hope Hills, NC, you know you have a great community that you can count on. You probably got a life insurance policy through your employer when you were signing up for health insurance, and you probably got a great deal. Employer life insurance plans get group discounts and are often at least partly funded by the employer, as an added benefit for working there.

Another great thing about your life insurance policy through your employer is that you probably didn’t have to qualify or take a medical exam. Your employer wants to take care of you, so you can usually get the best deal through them.

So Why Buy a Private Policy?

There are good reasons you should get another policy through Cross Creek Insurance, though.  You need to carefully consider these factors because taking advantage early is important.

1. If you lose your job, you will also lose your life insurance coverage. Even if they let you take your policy with you, it will probably be very expensive.
2. There may be other limitations for when coverage ends. For instance, you may not be able to retire at a certain age, but the life insurance through your employer may not be available after that.
3. Your employer might decide to cut that benefit. While it would see unfair, it may be well within their rights.
4. The policies offered through an employer are usually very specific and limited. They typically only offer a death benefit and don’t have options for turning your policy into an asset unto itself. Your work policies might also not offer as much coverage as you need.

We at Cross Creek Insurance work to help the people of Hope Hills, NC make sure they have life insurance coverage tailored to their individual needs. The earlier you sign up for a policy, the more benefit you can get from it. If you have any questions, please call us today.

As an aspiring entrepreneur, the to-do list is endless when planning your Hope Hills, NC startup business. Not surprisingly, significant aspects of your new endeavor can be overlooked. Protecting your new business is crucial, so one of the most important things to consider is evaluating what types of insurance your startup might need to in order to keep you and your assets protected. 

The types of insurance you will need for your startup depend on the type of business or industry you run. Here are some of the common insurance products Cross Creek Insurance recommends you consider when evaluating which insurance policies your new company should have in place. 

General Liability Insurance 

 Professional Indemnity Insurance 

This type of insurance covers your business against claims of slander or libel, theft of intellectual property, sharing confidential information, and more, and is essential if you are working with partners. 

Automobile Insurance 

If you have a company vehicle or use your own to conduct work-related tasks, you will need both personal and commercial insurance, regardless of whether you use one vehicle or maintain a fleet.  

Worker’s Compensation 

If you have employees, you must have Worker’s Compensation. This insurance covers potential employee medical bills and time away from work if they are injured at your workplace or while on the job.  

Professional Liability Insurance 

This form of insurance covers you if you fail to provide contracted services or render them improperly.   

Do I Need All of These? 

Most startup businesses will not initially need all of these types of insurance but may grow into them. Some startups may require specialized insurance such as Data Breach or if you work from home, homeowners or renters insurance. To find out which specific types of insurance your startup needs, call the Hope Hills, NC insurance experts at Cross Creek Insurance today.