Month: December 2019

Congratulations on starting your own business in the vast Pomona, CA. Regardless of the size of the business, taking steps to start one involves both short term and long term risks. You are not just risking a lack of clients, you risk having your business damaged or destroyed in accidents and natural elements. 

Small businesses also need commercial insurance.

At THINK Insurance & Financial Services, we recommend taking risk management tools that will help your business to transfer the risk to your insurance company. By paying a relatively small premium, the insurance can protect your business from calamities that may lead to larger financial losses like theft, fire automobile accidents, natural disaster, legal liability and even death of a key employee.

Disasters can happen to any business big or small and cause damages that may require large sums of money. If your small business is not insured, you may end up closing down temporarily or permanently if you don’t have enough savings to get it back on its feet.

How to go about it

As a Small business owner, you must first identify the company’s main areas of risk. A risk questionnaire or survey available in many insurance companies can be an excellent tool for the process. The next step is to establish the potential severity of the loss. This way you can determine what risks to insure against and the coverage amount needed. 

Common types of losses 

• property
• legal liability
• worker’s compensation
• company vehicle
• Key person loss
• Life and health
• Business interruption
• Business opportunity plans
•  e-commerce insurance

Protecting your business as well as its valuables is a great financial strategy. If you need more information regarding commercial insurance, contact THINK Insurance & Financial Services at Pomona, CA  to speak to our agents.

The average consumer in the Pomona, CA area will likely have several forms of insurance, which can include coverage for their car, home, medical insurance needs, and even their small business. Another important form of insurance that all people should have is life insurance. When you are shopping for life insurance for coverage for your dependents, you will find that there are a lot of options to consider. The two main types of insurance to consider are whole and term life insurance coverage. 

Term Life Insurance

One very common form of life insurance for consumers today is term life insurance. With a term life insurance policy, you will get coverage for a certain period of time, which is typically between 10 and 30 years. The amount you spend for coverage each month is normally much more affordable than other life insurance options. However, once the term is over, you will lose coverage. Additionally, all premiums are lost and it does not provide any investment benefits.

Whole Life Insurance

People in the Pomona, CA area that are looking for life insurance should also consider whole life insurance. When you get a whole life policy, you will also be able to use it as a conservative investment option. These policies have premium payments that will partially be deposited into an account that appreciates in value over time, which can also be later liquidated.

Choosing the right life insurance policy for your situation is very important. When you are shopping for your next life insurance option, you should contact the team at THINK Insurance & Financial Services. The insurance professionals at THINK Insurance & Financial Services can help you to decipher your options to help you figure out what type of life insurance is right for your situation.