New Business? You May Need a Commercial Insurance Policy

If you’re starting a new business in the Hope Hills, NC area, contacting Cross Creek Insurance is the right choice. We can help you decide on the commercial insurance policy that meets your needs so that you can get the right coverage for protection and peace of mind. The kind of policy you need will depend on the type of business you’re starting, where you’re located, and other factors. You don’t want to get the wrong coverage, or you may not be protected from a claim.

Understanding how to categorize your business is the first step toward finding the right policy for your new company. Service-based businesses are different from product-based businesses and don’t need the same kinds of policies. The same is true for home-based companies; whether customers or clients are coming to your physical location also matters. That’s why working with an agent is the right choice because you’ll get the important information you need.

Also, think about the size of your business and whether you have employees. If you’re working by yourself, you won’t need the same level of coverage as someone with many employees at their location. In short, it’s vital that you pay careful attention to the specific needs of your company when you choose a policy and carrier.

The good news is that you don’t have to worry about all these things on your own. If you’re in the Hope Hills, NC area and looking for help to find the right commercial insurance policy for your company, contact us today at Cross Creek Insurance. Then, you can feel confident that you’re receiving suitable options, so you can select a policy that will give you the right coverage for the long term.

What’s indexed life insurance?

Rising living costs in North Carolina show the importance of preparing for the future. That includes savings and protecting against worst-case scenarios that could happen today. Indexed life insurance can help Hope Hills, NC with both.

The Mechanics of Indexed Life Insurance

Indexed life insurance combines the death benefit protection of traditional life insurance with an investment opportunity linked to a market index. These policies are unique because they offer potential cash value growth based on the performance of a market index, like the S&P 500. The exact index followed can vary from one policy to another, but they’re generally well-known and broad market indices.

This allows policyholders to capitalize on potential gains that a market index will likely have over time should the index go down. However, an indexed life insurance policy typically limits how much of those losses the policyholder sees.

To do this, the policy credits interest to the cash value based on a formula linked to the chosen index. This isn’t the same as directly investing in the stock market, as the credited rate comes with participation requirements, maximum caps, and loss mitigations.

Choosing the Right Policy with Cross Creek Insurance

If indexed life insurance sounds like something you would like, contact the independent insurance agents at Cross Creek Insurance. The Cross Creek Insurance team is well-versed in life insurance, including indexed policies, and can help you determine whether one of these policies would make sense for you. Assuming one does, they’ll ensure you find an indexed life insurance policy that meets your needs well.