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As a small business owner, you know that insurance is essential for protecting your business. But when it comes to choosing a policy, there are so many options and terms that it can be challenging to know where to start. In this post, we’ll dispel some of the most common misconceptions about commercial insurance so that you can make an informed decision about what’s best for your business.

1. Commercial Insurance Policies Are All the Same

While there are several standard commercial insurance options, each policy has different benefits and exclusions that can make a world of difference. For example, one policy may cover you for business interruption, while another won’t. One policy may cover certain types of damage to your property, while another won’t. One policy may cover certain types of liability suits, while another won’t.

2. I’ll Be Safe if I Do Everything by the Book

Whether you have employees or are a one-person shop, it’s essential to ask yourself if all of your bases are covered. Even if you have the best employees, accidents happen. If an uninsured accident occurs on your property and someone is injured, not only will you likely be liable for damages (pain and suffering, medical bills), but your business will also suffer. On the other hand, if you purchase coverage for this type of event, you’ll be protecting your self from financial disaster.

3. Commercial Insurance Is Expensive

While it’s true that more extensive policies will carry a more substantial fee, don’t let insurance prices scare you. There are ways of ensuring that your policy fits your needs without breaking the bank. For example, if you’re starting and can get by with minimal coverage, you can opt for a policy with lower premiums. Or, you can ask your agent to add endorsements to the policy to give it some extra perks without going over budget.

Commercial insurance policies are not all the same, and it’s important to choose your coverage wisely. If you want to ensure that your business is protected, Kempton Insurance Group in Charlotte, NC can help. We offer affordable commercial insurance options such as property, liability, general liability, and umbrella coverage. Give us a call today.

Kempton Insurance Group serves the Charlotte, NC community. We strive to ensure that our clients find the coverage they need to manage their risks. We offer unique policies that evolve with our clients as their lives change. We work with different carriers throughout the state. This allows us to find solutions regardless of our client’s individual needs. We are confident that we can help you stay protected as you head through life.

Common Motorcycle Insurance Variables To Look Over In Policies

Charlotte, NC provides multiple opportunities for you to explore the city on your motorcycle. Warm summer days are the ideal conditions you need to take a ride. Unfortunately, an accident can occur at any moment, especially in highly populated areas. Motorcycle insurance covers you as you ride around town. You are protected if your motorcycle is stolen or vandalized. Perhaps you are riding through the country and encounter a deer. Motorcycle insurance will cover you if you collide with a deer and damages occur. You can add comprehensive coverage to protect you if your motorcycle is stolen. Maybe you are riding and pass through inclement weather. You are covered if high winds cause swirling debris to crack your mirror.

Liability coverage protects you if you lose control of your motorcycle and damage someone’s property or injure someone. If you are riding with a passenger, liability coverage will take care of their injuries if you are involved in an accident. If you are planning to amend your motorcycle, you’ll need to add extra coverage. This is the only way to cover the custom parts on your motorcycle if it’s damaged or stolen.

Kempton Insurance Group Will Help You Protect Your Assets

Visit our website to learn more information about motorcycle insurance.

When you own an RV, you need to have it insured for your own protection. It’s legally mandated to have RV insurance when you own an RV, but even if it weren’t, it’s smart to get this coverage. If you have an RV and need to get it covered by an insurance policy, call us now at Kempton Insurance Group in Charlotte, NC.

RV Coverage

If you ever drive your RV, it has to have liability insurance just as a car or truck would. There are minimum coverage amounts required by the state, and you can add to that if you want better coverage than the minimum. RV insurance is a little different from auto insurance, however. The insurance covers not only the vehicle portion of the RV but also the living section. There is generally coverage for your belongings that are inside the living area, and you can add coverage for any equipment that you keep in your RV. 

The Cost of RV Insurance

Like auto insurance, the cost of this insurance is partially dependent on your driving history, your age, etc. There are also the state minimums of coverage, the make and model of your RV and its year. Another factor in the cost is the class of your RV. They come in Class A, B and C, with the classifications dependent on the size and design of the RV. From small campers to 75-foot motor coaches, all RVs fit into a classification. Make sure that you know how yours is classified so that you can tell your insurance agent. Another cost factor is the deductible that you choose. 

Get Your RV Insurance

If you have an RV, always keep it covered by RV insurance. If you don’t yet have a policy, call us today at Kempton Insurance Group in Charlotte, NC. 

Kempton Insurance Group serves the Charlotte, NC community. For over 10 years, we have helped our clients find policies to protect their assets. We offer custom policies that change as our client’s needs evolve over time. We have working relationships with multiple carriers throughout the South.

4 Benefits Of Motorcycle Insurance

Motorcycle insurance covers you against the risks associated with operating a motorcycle. Accidents can happen at any time. All it takes is one crack in the road, and you could suffer a serious injury or harm others. Liability coverage protects you if you accidentally damage someone’s property, or injure someone. Comprehensive coverage protects you if your motorcycle is vandalized or stolen. You are also covered if your motorcycle is damaged due to severe weather moving through the Charlotte, NC area. Here is a look at some other unique benefits of motorcycle insurance.

Covers Your Passengers

Perhaps you enjoy taking your friend with you for a ride on your motorcycle. In the unfortunate event that you are involved in a crash, motorcycle insurance covers any necessary medical care for your passengers if they are injured. You can add personal injury protection to cover any injuries that you sustain.

Emergency Breakdowns

Motorcycle insurance covers emergency breakdowns. You can have peace of mind if your engine or transmission starts having issues.

Towing Service

If your motorcycle shuts down, you can receive urgent towing service to get you back on the road as soon as possible.

Storage Coverage

Even when you aren’t operating your motorcycle, it’s still at risk for possible damage. You can add storage coverage to protect your motorcycle against possible damage when you aren’t using it.

Kempton Insurance Group Will Help You Protect Your Assets

Visit our website to learn more information about motorcycle insurance.

Buying boat insurance is not always a straightforward process, especially if you’re doing it for the first time. However, you need to get the right amount of insurance to stay safe in the water, whether you do it for pleasure, sports, or other reasons. Some marinas at Charlotte, NC may require you to have boat insurance to allow you to dock with them.

Your lender may also require you to get boat insurance to safeguard their investment when buying a boat. That’s why Kempton Insurance Group recommends learning about your policy by asking the following questions.

Do I need boat insurance for my boat?

Nobody will arrest you for not having boat insurance in Charlotte NC. However, it’s always a prudent idea to be financially responsible in case you cause an accident. You may be eligible for a boat endorsement on your home insurance policy if you own a small boat. Large motorized boats require specialized insurance based on your lifestyle and type of boat.

Can boating experience affect my policy?

Yes. Like car insurance, boating insurance companies check your boating experience to rate your risk level and determine your insurance rates. The lesser your experience, the more expensive your policy gets. You should prove to your insurer that you can safely handle and navigate a vessel without much hassle.

Is my personal property covered?

Yes. You can have special personal property coverage if you keep lots of valuables in your boat to protect them. Most water sport enthusiasts who have to take their sporting equipment with them purchase this policy to help replace their personal property when damaged by water or stolen.

The more questions you ask, the better you understand your policy. At Kempton Insurance Group, we encourage our customers to ask any questions they might have to address and clear all doubts about any policy. Feel free to contact us for more questions or information.

Umbrella insurance was designed to provide an extra layer of liability protection on top of primary policies like home and auto insurance. Lawsuits in Charlotte, NC can be pretty expensive. They can easily lead to significant financial losses if you are not adequately prepared. Here are three things you probably don’t know about umbrella insurance. 

1. Not ALL lawsuits are covered

While umbrella insurance mainly works on liability, not all lawsuits are covered. Once your home or auto insurance limits have been reached, Umbrella insurance can come in and take care of the rest. However,  the policy may not cover you if the act was found to be intentional or criminal. That means acts such as sexual harassment, intentional bodily harm, property damage or damage and injuries that result from too much intoxication are not covered. Umbrella insurance is designed to protect you from lawsuits that result from accidents, not malicious acts.

2. Some dog breeds are NOT covered

Dog bites are quite common in Charlotte NC but pretty expensive to treat. It’s even worse if you’re sued.  Fortunately, umbrella insurance can cover dog bites, BUT not all breeds are covered. Be sure to ask any Kempton Insurance Group about the breeds covered to know if your pet is covered or not.

3. Certain risk factors can impact your coverage

The most attractive part of umbrella insurance is a liability. Some people are at a higher risk of getting slapped with a lawsuit than others. Remember, you can be sued for many reasons, including injuries, property damage, threats or giving wrong information, false advertisements, and many other reasons. Depending on your risk level and type, you may want to buy umbrella insurance if you are a landlord, own dogs, travel regularly, own a swimming pool, gym, or trampoline,  or entertain visitors more often.

At Kempton Insurance Group, we care about you and what matters to you most. That’s why we go out of our way to ensure you get an insurance policy that will protect your assets and loved ones. Feel free to call or visit us today!