Getting Life Insurance Early

While life insurance is commonly thought of as a need for people as they get older, it is actually more beneficial to start learning about life insurance and creating policy at a young age for a number of reasons. Cross Creek Insurance is available to help assist with providing information about life insurance to you. 

Savings

The best reason to start paying for life insurance at the youngest age possible is that the cost is significantly reduced. Life insurance providers generally factor things like age and pre-existing health conditions into the cost of policies. If someone waits until they are very old or have a serious medical condition before starting to pay into policy, it is likely to be extremely expensive. To avoid these problems, you can lock in a low rate by paying into policy years or even decades before any of these concerns. 

Preparation

People who are subject to high risk due to their occupations or other factors may want to always be prepared with a life insurance policy. Even for those who are still relatively young, life insurance provides protection for your family. Even if you are not married or do not have children, life insurance will make sure your funeral expenses and other debts are paid to bring peace of mind to your family members during a difficult time. 

For any additional questions or further help with getting life insurance, please contact Cross Creek Insurance serving the Hope Hills, NC area. Agents who have specific local expertise and knowledge of the regulations and laws relevant to Hope Hills, NC will create a policy that works for you and your family.   

Should Commercial Insurance Plans Cover On-Demand Services

The on-demand service industry is ever-growing and soon the leading companies will ask how commercial insurance can help to limit work-related issues. 

Technology is the Tip of the Problems

On-demand service providers can no longer argue that they’re innocent bystanders who just provide a technological platform that connects users with different services offered on the app. It’s just an unrealistic premise to think an on-demand service company would not be a liable party in an independent contractor lawsuit. Sharp on-demand service companies will have a commercial insurance policy that protects them from unscrupulous business practices from independent contractors that advertise on their website. The wording of these type of policies isn’t of the standard nature as the coverage agreement is quite extensive because of the wide range of services provided by each independent contractor. 

The 1099 Economy

The on-demand business community is often called "the 1099 economy" as this is a reference to the Internal Revenue Service (IRS) tax form that most workers of this industry will fill out each year. Their define as independent contractors who provide a specific service on short or long-term projects. Often, on-demand businesses will create a separate commercial policy that covers independent contractors on their payroll. But, this practice has been legally challenged as most insurance providers will require proof of coverage before independent contractors are allowed to work in any capacity for the policyholder. This stance has been softened somewhat if the company adds independent contractors as employees to their policy. 

The Risk of Insuring On-Demand Services

One of the biggest nuances in the commercial insurance industry is determining the coverage capacity for the on-demand service industry. It may come down to the distinction between independent contractors and employees. Because this definition has yet to be defined by those who run these businesses. Agents like Cross Creek Insurance in Hope Hills, NC will draft a policy that covers both groups together as one entity. Some businesses may want general liability added to their coverage, so to protect themselves from the actions of the insured. 

How To Know If Your Furniture Is Protected With Cross Creek Insurance

Homeowners insurance helps to provide financial coverage in the event of loss due to theft, disaster, or accident. There are four types of coverage provided under the standard policy, this includes; coverage for the structure of your home, coverage for additional living expenses, liability protection and, of course, coverage for personal belongings. Cross Creek Insurance which serves Hope Hills, NC provide for all four coverage. 

Your personal belongings, including furniture and clothes, are covered if they are stolen or destroyed by a hurricane, fire or any other insured disasters. Coverage for your furniture or other personal belongings is generally 50-70 percent of the insurance that you have on the structure of your house. 

Many people are often not too sure if their coverage is adequate. One of the best ways of determining the adequacy or otherwise of your home insurance, with regards to furniture and personal belonging, is to conduct a home inventory. 

Personal belongings coverage will cover for furniture that are stored off-premises; this translate to mean that your furniture is covered anywhere in the world. In some cases, some insurance companies limit the amount to ten percent of the amount of insurance you have on your possession. 

Although other items such as jewelry, art, silverware, and collectibles are equally covered, there is usually a limit on them in the event they get stolen. To insure this item to full value you must purchase a special personal property endorsement to insure the item for its officially appraised value. 

Homeowners insurance, in some situation, may also cover for your furniture when you are moving from location to another. For example, if the moving vehicle is involved in an accident while moving your properties. Whether you are moving or not, it is pertinent to know that any furniture or property covered by homeowners insurance will enjoy protection to the limits on your policy. 

Are you planning on moving and you want your furniture to be safe during transit or do you just want to protect them against unforeseen disasters such as a hurricane, wildfire, and flooding? Then, Cross Creek Insurance which serves Hope Hills, NC and its surrounding can offer you such coverage. To find out more about them you can visit the company’s website. 

Must-Have Business Insurance Products Every Startup Needs

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. 

Do I need another life insurance policy if I have one through work already?

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.

Myths about Life Insurance

There are a lot of common myths about life insurance in Hope Hills, NC that can stand in the way of you getting proper coverage.

Employer-Provided Life Insurance Is All You Need: An employer may provide life insurance, and you may be able to purchase more worth up to six times your salary, but to provide for dependents you typically need more. You may also lose the insurance when you leave the job, and while you may convert, it’s typically more expensive than just purchasing a policy today on your own.

Only a Breadwinner Needs It: If something happens to a stay-at-home spouse, then the breadwinner will need to hire someone to care for the children and clean, which can be expensive. It’s a good idea to have insurance on both spouses. This way, the working spouse can also take some time off to help the family adjust.

You Are Too Young to Worry about It: It actually makes more sense to get life insurance when you are young, since it’s usually less expensive and you don’t have medical conditions that could disqualify you. By the time you need life insurance, it could be too late, which makes it a good idea to purchase it as soon as you are able to.

You Can’t Get It If You Have Health Issues: You can generally buy term life insurance, even with some health issues. It may mean higher premiums, but you should still be able to find insurance. Speak with an agent at Cross Creek Insurance if you have some health issues.

You Don’t Need It If You Are Single: You may still have family that relies on you, such as aging parents. Benefits can also be used to pay for burial costs, so your family doesn’t have to go into debt.

Contact an agent at Cross Creek Insurance, serving Hope Hills, NC, to get a quote on life insurance.

Where to Get Quality Business Insurance in Hope Hills, NC

With so many choices at your fingertips, you may be wondering how to select your business insurance policy.

The protection of your enterprise is nearly as important as your business model. Running an unprotected company may be the single riskiest method of operation. As the owner of a company, you need to protect your employees, customers, and your assets. Business insurance is the perfect layer of protection for your company.

Our expert agents in Hope Hills, NC will help you understand the various types of commercial insurance to choose the best form and amount for your company. Business insurance provides coverage for your physical equipment, inventory, and company vehicles. You can also choose a policy that protects your company if an employee steals from you or you incur some other type of theft. Business insurance is vital if your company encounters a lawsuit. If you have an employee that requires an extended absence leave due to injury, commercial insurance provides coverage. 

There are typically four ways to categorize business insurance:

  • Business liability insurance
  • Business umbrella insurance
  • Business property insurance
  • Business automobile insurance

Business automobile insurance gives protection to all cars used only for business purposes. Umbrella insurance gives you extensive coverage for any losses that wouldn’t otherwise be covered. Business property insurance provides reimbursement for an individual suffering from financial loss due to destroyed property, buildings, land, etc. Business liability insurance pays for property damage and bodily injury when the insured party is responsible.

Even if you need insurance for business-related activity outside the realm of these categories, Cross Creek Insurance can help. We have been serving the Hope Hills, NC area for many years, helping business owners acquire insurance for their specific needs. Contact Cross Creek Insurance today for a custom policy. Rest easier knowing your employees, customers, assets, and financed are protected.

At What Age Should I Get Life Insurance?

If you are thinking about getting a life insurance plan, it’s essential to know that there isn’t a set magic age for buying this coverage. Whole life insurance plans are best bought at the youngest age possible while term coverages are often purchased to offer protection for a specific time-constrained obligation. This may include providing a child’s college tuition fees in case you pass on before they get to college.

Some people choose to get both policies so that one portion can offer protection for the unknown future while the other covers different financial obligations that happen as the policy holder’s family grows. You can always get a life insurance plan from Cross Creek Insurance. We serve the entire Hope Hills, NC area and its environs.

What’s the best time to get a whole life coverage?

The perfect time to start a whole life coverage is when your kid is born. A whole life policy accrues value over time, so buying one for your child will give the protection they need during their later years. By the time your child is ready to leave home, the plan will have accumulated adequate funds that can be borrowed against the coverage to buy a house or overcome an unexpected hardship.

Basically, the younger you are when buying a life insurance coverage, the lower the premium costs will be. Since the average people’s lifespan has increased, the standard length of life insurance plans increased as well. This means that the risks of paying out a claim prematurely are lower today than before.

What’s more, there will be more time for a young one to pay premiums compared to a 60-year old person, meaning that the premium costs will vary significantly. But this doesn’t mean that old people shouldn’t get life insurance plans even if it’s for nothing more than paying for their funeral expenses when they pass on.

At Cross Creek Insurance, we can offer life insurance plans regardless of your age. Contact our Hope Hills, NC office today.

How many kinds of insurance does a small business need?

Business owners in Hope Hills, NC recognize the value of the community, which is thriving and supportive of small businesses.  Cross Creek Insurance works hard to make sure our small business customers have what they need when it comes to protection. 

Operating a business has so many kinds of risks, and different kinds of insurance policies address the different and distinct areas. Businesses are especially vulnerable because they have so many contacts with the rest of the world, and a simple slip and fall on the property could cause enough damage to pit some small businesses deep in the red.

Various Kinds of Insurance 

You will need insurance for the property, whether you rent or own it. Even if you work from home, you may need special insurance because homeowners insurance usually doesn’t cover business-related damages or injuries. General liability insurance helps protect against incidents like slip and fall injuries on your property. 

If your business uses automobiles, there is commercial auto insurance available. Product liability will protect you if someone is injured by one of your products. If you are a professional, we offer special insurance for damages that occur as a result of your professional advice. 

Save Money With a Business Owners Policy

You can save money by bundling some of your insurance needs into a BOP. Business owners in Hope Hills, NC may be eligible to combine the property and liability portions into one policy, which is also more convenient. 

There are also other kinds of insurance you may want to take advantage of, depending on your circumstances. Call Cross Creek Insurance where we can address your questions and give you a free quote that will address all your business liability needs.

 

When Should You Get Life Insurance?

Life insurance can help protect family members left behind after death in Hope Hills, NC. Many young people do not think about life insurance because they are more concerned with the present time instead of the future, and no one wants to think about his or her premature death. The best time to purchase life insurance is at birth because, as each year passes, a policy becomes more expensive. When a parent purchases life insurance for a child, the policy is prepaid and then transferred once the child turns 18.

The cash from life insurance grows tax-deferred. When a policy is purchased at a young age, the money can be used as a down payment on a home or, if held onto long enough, it could be used to supplement retirement income instead of being used for death benefits. Since many people struggle with finances in today’s economy, many choose to skip life insurance. It is important to know that there are options available depending on needs. An agent at Cross Creek Insurance can help you with the right options for your situation.

If life insurance is not purchased when the child is young, it’s best to purchase it under the age of 35. However, many people in this category are more concerned with paying immediate bills than worrying about the future.

It can be costly to forgo life insurance at a young age. It’s usually much cheaper to purchase earlier in life. Not only can be it be more expensive, it can also be more difficult to acquire life insurance. As an individual gets older medical conditions can arise, which lead to higher premiums and the possibility that coverage could be denied.

Contact an agent at Cross Creek Insurance serving Hope Hills, NC to get a quote for life insurance.