business insurance

Business Insurance and Commercial Insurance in Waupun, Ripon and Plymouth, WI.

Friday, August 8th, 2014

Business and commercial insurance coverage for your type of business

Business insurance or commercial insurance can help to protect your financial interests in the event of some disaster and accident or other unfortunate event or mishap. However it is important that you have the right commercial insurance for your type of business. There is nothing easy or straightforward about business insurance and it is probably best to consult with a local expert in your area.

Behnke Insurance is an independent and local agent serving the business communities of Fond Du Lac, Ripon, Waupun, Oshkosh and Plymouth. There are many aspects to commercial insurance and there is no single policy that covers the requirements of different businesses.  As business owner you face many risks and there are specific policies designed to address and cover different perils.

The biggest risks do not necessarily lie in natural disasters and similar calamities. Yes we all face the possibilities of floods, storms, earthquakes, hurricanes and so on. But there are many other risks that happen more often. These include fire, accidents, mistakes as well as malicious actions such as theft and fraud.

There are general business and commercial policies to cover you against natural disasters and storm damage. However you can suffer severe losses as a result of unfortunate accidents, malpractice claims and liability claims.  Property insurance is probably the biggest component in your coverage but It also follows that liability insurance is an important part of your business insurance profile. Related polices include workmen’s compensations, group medical, commercial auto and errors and omissions.

Depending on the type of business you operate you may also need industry specific insurance such as builders bonds, marine insurance, aviation insurance, truckers insurance, haulage insurance and so on.

Another important aspect of business insurance is the cost. When you deal with an independent agent you are likely to get the best deal since such an agent has access to the best commercial insurance plans offered by leading carriers.

 

Fond du Lac Car Insurance – Uninsured Drivers?

Wednesday, July 2nd, 2014

Car Accident

On this week’s Fond du Lac Car Insurance Q&A, we’ll be addressing what happens when an uninsured driver hits your car.

WISCONSIN: AN AT-FAULT STATE

In Wisconsin, when two cars have an accident together, the police will determine one of the parties to be at-fault. The at-fault party will be responsible for all damages, both bodily and property. This is really where insurance steps in and pays the bills for the driver. The driver will then have a tarnished insurance record, which will affect monthly premiums.

AN UNINSURED DRIVER RAN A RED LIGHT. NOW WHAT?

Now you have $5,000 damages to your car, medical bills totaling $20,000 and lost wages totaling $900.

  1. Your Uninsured Motorist Coverage acts in place of the other party’s insurance for bodily damages, up to  your limit.
  2. Your Collision Deductible will be what you pay to get your car repaired.
  3. You can then sue the uninsured driver to get your collision deductible back.

BAD WAY – You sue the uninsured driver for $25,900 and, if  you win, try to collect this money from them. Generally, uninsured drivers don’t have the assets for a large payout and actually collecting can be a challenge.

GOOD WAY – You have good car insurance and sue the uninsured driver for your $500 collision deductible. Collecting $500 is much easier than collecting $25,900.

**Call Behnke Insurance Agency in Fond du Lac, WI at 920-922-3850 for details**

Concealed Carry Criminal Defense Reimbursement Bond

Wednesday, June 18th, 2014

Behnke Insurance StaffBehnke Insurance Agency partners with West Bend Mutual Insurance Company. West Bend offers an pertinent new product:

Concealed Carry Criminal Defense Reimbursement Bond

As a permit holder of a legally possessed weapon, the bond provides for the reasonable legal fees, expenses, and costs of defense up to the maximum bond limit chosen, after declaration from the prosecuting attorney that no criminal charges will be filed, a dismissal of all filed criminal charges, or acquittal of the “permit holder” following a trial and verdict is upheld on appeal.

“But doesn’t my homeowners insurance protect me in this case?” Your homeowners liability coverage protects you against civil lawsuits, not criminal lawsuits. This product fills the gap for a very low cost.

“Why do I need this? I have a right to carry and self defense.” You are correct, but defending that right in court can be costly, if the situation arises.

This bond helps share that cost. Below is a link to West Bend’s video explanation. Call Behnke Insurance for details, your Fond du Lac insurance professionals.

http://www.thesilverlining.com/cccdr-bond/

Fond du Lac Child Life Insurance Questions 6/10/2014

Tuesday, June 10th, 2014

life-health-img-1

This week in Fond du Lac Child Life Insurance Questions, we received several inquiries on life insurance for a child. The info below should be very helpful.

Question 1: My son just had a baby boy. I’m a grandparent! Is it a good idea to buy a policy for my grandchild?

Answer: This is a great gift. One company we partner with has a simple child policy, also known as a jumping juvenile, which increases it’s coverage when the child turns 18 and 25 years old. It’s a whole life product, which means it’s permanent insurance which will keep it’s premium cost until death. An example, a newborn policy which starts at $10,000 coverage, jumps to $15,000 at age 18, and jumps to $20,000 at age 25 costs $73/year or $6.27/month!

This is a great value. When this young man is 80 years old, his policy still costs $73/year. In comparison, an 80 year old buying a new policy would be charged over $2,600/year. The policy can be surrendered for it’s cash value any time and, should the worst case happen, it’ll help pay for funeral expenses and a legacy.

Question 2: What options are there for my newborn baby?

Option 1: Jumping juvenile policy mentioned above. Starts at $10,000 coverage and jumps to $20,000 coverage. It’s a whole life product for under $100/year.

Option 2: Single Pay Whole Life. Pay about $1,700 today and never pay again for this $20,000 coverage whole life policy.

Option 3: Everything else. There are many ways to insure newborns. Call a Behnke Insurance professional for ideas at 920-922-3850.

Question 3: How does ownership work with baby insurance policies?

Answer: You can be the policyholder. You designate the baby as the insured. You select a beneficiary. Down the line, you can transfer ownership from yourself to the baby, perhaps when he’s an adult.

Fond du Lac Home Insurance Questions 6/9/2014 – Falling Trees!

Monday, June 9th, 2014

House

This week in Fond du Lac Home Insurance Questions, the topic came up, “What happens when a tree falls over and damages my house?” This is an excellent question and a real concern for homeowners everywhere.

MATT’S TREE HITS MATT’S HOUSE

Matt pays his home deductible and insurance pays the rest of repairs. Debris removal is paid up to the limit.

MATT’S TREE HITS JOHN’S HOUSE

John pays his home deductible and insurance pays the rest of repairs. Debris removal is paid up to the limit. If John thinks Matt was negligent in his tree maintenance, John’s insurance company may sue Matt to have Matt’s insurance cover John’s deductible. To have negligence stick, you generally need to have documentation about the tree issue.

MATT’S TREE HITS MATT’S CAR

Matt pays his car comprehensive deductible and insurance pays the rest of repairs. If Matt doesn’t carry comprehensive insurance, insurance will not cover it.

MATT’S TREE HITS JOHN’S CAR

John pays his car comprehensive deductible and insurance pays the rest of repairs. If John thinks Matt was negligent in his tree maintenance, John’s insurance may sue Matt to have Matt’s insurance cover John’s deductible. To have negligence stick, you generally need to have documentation about the tree issue. Also, debris removal isn’t covered by either party’s insurance (it gets activated once the home deductible is activated, which doesn’t happen in this case).

MATT’S TREE FALLS BUT DAMAGES NOTHING

Insurance will not pay for debris removal when damage hasn’t happened to the home.

WHAT ABOUT TREES THAT LOOK LIKE THEY’RE READY TO FALL?

Insurance covers accidents that happen, not accidents that may happen. Ultimately the homeowner will save most by proactively preventing accidents. While getting stuff repaired is nice, paying your deductible and seeing your home insurance premiums rise from claim activity are not in policyholders long-term interest.

 

Policies vary by company. Call a Behnke Insurance professional agent for details!

Fond du Lac Insurance Agency also serving Ripon, Oshkosh, Waupun, Sheboygan and more

Friday, June 6th, 2014
Behnke Insurance Staff

Behnke Insurance Staff

The Behnke Insurance Agency was started and still is in Fond du lac, WI. Although primarily selling the city of Fond du Lac insurance products since 1973, we also serve plenty of personal and commercial customers in other cities. Today, just about 190 cities between Wisconsin and Minnesota have some insurance from our agency.

We’re able to do this effectively because of our skilled insurance agents and employees, our continued commitment to technology, and most importantly because our customers tell their friends about the service they receive here at Behnke Insurance.

Although we are based in a nice-sized town like Fond du Lac, our reach is really a reflection of our ability to help serve customers.

**Call Behnke Insurance Agencies today, 920-922-3850**
**Like us on Facebook https://www.facebook.com/BehnkeInsurance**

Business Insurance in Waupun, Plymouth, Ripon and Oshkosh WI

Thursday, June 5th, 2014

Lower your business insurance costs with these tips

Lots of people nowadays look for different ways to reduce the cost of their business insurance policies. If you find yourself in this situation, here are some useful tips that can help you do that.

First of all, you can adopt a consistent safety plan which should include the elimination of hazards that can become claims. It is also recommended that you develop a tracking system to make it easier for you to follow the safety plan and maintain it. This way, you will be able to show your insurer that your employees are properly instructed, and it also reduces the risk of injury.

Another way to reduce the price of business insurance is by constantly checking to see whether an employee that appears on your policy is still working for your company. This can result in significant saving if the loss of an employee lowers the risk.

In addition, you can hire an insurance adviser to make a proper assessment of your company, and also discuss with your insurance company about all the aspects of your policy. Even though at first this may seem to be an extra cost, in time most of the entrepreneurs who contacted the services of such a person recovered their money through the lower price they had to pay for their insurance policy. They are also available in most of the countries, even in areas such as Fond du Lac, Ripon, Wwaupn, Oshkosh, and Plymouth.

Furthermore, you should include a training program that all of your employees should take. Lots of insurance companies offer great price discounts for businesses that have their employees trained, because by doing this they will learn how to protect themselves and also how to be more efficient at their workplace.

Cheap car insurance vs. Valuable car insurance | Fond du Lac

Thursday, June 5th, 2014

A common request we at Behnke Insurance Agencies of Fond du Lac get is “Can you find me the cheapest car insurance?” We’re always happy to check around for our customers and prospects, asking each of our partnered companies what they can offer. However, a distinction needs to be made about “cheap car insurance”.

Here’s a good example of cheap car insurance: I keyed my information into a popular company’s online system and it recommended a policy for me. I’d save 50% on my annual insurance! But, their recommended policy eliminated or reduced all but one of the standard coverage options I had before. This is cheap insurance because it costs very little AND it doesn’t meet my needs.

A difference is valuable insurance. As your life situation changes and your nest egg grows, your protection should grow with it. Each policy is personalized to your unique needs. The most valuable part of the insurance you buy from Behnke Insurance is the agent you get to work with directly. We find the best price among quality companies we represent, ask you about your coverage needs and make recommendations based on these needs. The final option is always yours, but we have a teaching responsibility to each of our prospects and customers. Valuable insurance makes you feel better because it gives you peace of mind at a competitive price.

If you’re looking for cheap car insurance, let us know and we’ll tell you about something better: valuable car insurance.

**Stop in, email or call a Behnke Insurance agent for details**

Fond du Lac Life Insurance Questions 6/4/2014

Wednesday, June 4th, 2014

Today’s post will describe some different Fond du Lac life insurance questions we’ve received in the past week. These turned out to be some pretty common life insurance questions, so I hope this Q&A section benefits you.

Question 1: I qualified for the standard life program. Can I attempt to requalify for their preferred program, which features lower premiums?

Answer: Yes. You may submit to a reexamine upon renewal. A great reason to do this is if you recently gave up smoking and all tobacco usage. With most companies, if you are smoke free for 2 years, you can move to a much less expensive program.

Question 2: What’s a contingent beneficiary?

Answer: Your primary beneficiary is the person who receives your life insurance policy’s death benefit. Your contingent beneficiary is who receives the death benefit if both you and your primary beneficiary die from the same accident. Check with your agent and your policy for details of the timing.

Question 3: Who should have life insurance?

Answer: Anyone who wants to provide financial assistance after death. The big three reasons are: 1. to pay off loans or a mortgage if I die, 2. to support my children’s education if I die and cannot provide an income stream, 3. to pay for funeral expenses, which average $8,700 in Wisconsin. The earlier you purchase life insurance, the lower your price will be. It can save to be proactive!

Contact a professional at Behnke Insurance for inquiries in Fond du Lac, Oshkosh, Waupun, Ripon and Sheboygan area.

Fond du Lac Motorcycle Insurance 6/3/2014

Tuesday, June 3rd, 2014

This post is going to be all about the types of Fond du Lac motorcycle insurance questions we get here at the office. It’s definitely riding season now and the Harley Davidson bikes and sporty bikes are ready to roll.

Question 1: I want to remove coverage for the winter season when my bike is in the garage. Can I do that?

Answer: We strongly recommend against this. While you can cancel a policy at any time, the trouble comes when reapplying for the motorcycle insurance. Most companies don’t like to play the “motorcycle game” and will charge more or refuse coverage. Additionally, motorcycles are not eligible for Comp Only coverage where liability protection is removed.

Wisconsin companies do lower the price of motorcycle insurance to compensate for the needed “Winter Discount”. A quick comparison showed me that the same coverage is: Wisconsin $557/year vs. Alabama $962/year vs. Florida $1,356/year. While it does seem unfair that you cannot remove winter coverage, you are being compensated for it.

Question 2: My bike has accessories. Are those protected?

Answer: Yes we can protect those. Let us know the amount of protection you need and retain receipts and photos of the items. This includes chrome packages and non-stock bags.

**Call a Behnke Insurance professional agent for details**