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Why You Need a Solid Workers’ Compensation Insurance Policy

work injury claim formWorkers’ compensation is one of the most important insurance policies that a business can have, especially if they are a small business. Here are a few reasons why it is important for every company to have a solid workers’ compensation policy in place:

Protect Your Employees

Your employees are your most valuable asset. Without them, you don’t have a business, so you need to protect them. If an employee is hurt on the job, they may be out of commission for a while, but a good workers’ compensation policy can help them recover and get back to work as quickly as possible. Most people cannot handle a large financial burden due to medical bills, so they will appreciate that you took steps to cover them. Having a good workers’ comp policy also helps you attract and retain dedicated employees.

Protect Your Business

Your business could be held liable for any accident on your premise that results in an injury. If an employee is hurt on the job and you do not have workers’ compensation insurance, they can take you to court. Having this insurance protects your business from legal liability.

Speak to an Experienced Insurance Agent Today

Do you need effective workers’ compensation in Maitland, FL, for your business? Speak to an experienced insurance rep at Mike Elliott Insurance Agency at (407) 671-1100 today.

Do You Need Supplemental Health Insurance?

health insuranceSupplemental health insurance can be very beneficial depending on your needs. A supplemental health insurance policy will cover anything above the minimum necessary medical coverage. If you need help covering costs not covered by your primary plan, a policy like this will be very helpful. Here are some examples of when supplemental insurance in Maitland, FL, is needed:

Critical Illness Insurance

This type of supplemental plan is also referred to as disease-specific insurance. If you require treatment for diseases like cancer, a critical illness policy will pay a cash benefit directly to you for treatment. In many instances, this cash can be spent in any way you choose as it is meant to ease your financial burden during this difficult time. The policy is not impacted by how much your insurance pays towards your medical bills.

Travel Insurance

If you need to travel outside your health network, whether that is domestic or international, it can pay to have a supplemental travel policy. This type of insurance policy will cover medical costs you incur when you can’t access doctors or hospitals in your insurance network.

Hospital Indemnity Insurance

This type of plan provides a cash benefit on a daily, weekly, or monthly basis if you are in the hospital for an extended period and cannot work.

There are many more types of supplemental insurance that we haven’t mentioned yet. If you have certain health risk factors, you may benefit from an additional policy for your health insurance plan. Speak with an experienced agent at Mike Elliott Insurance Agency today to see if you would benefit from these or any other type of supplemental insurance plan at (407) 671-1100.

What is Supplemental Insurance?

young family holding up fake roofPurchasing insurance can get pretty confusing. How do you know that you’ve purchased enough coverage to suit your needs? How do you know if you are getting the best price? What if you purchase too much insurance? These are all questions that the reputable agents at Mike Elliott Insurance can help you answer. If you find yourself examining your insurance situation a little more closely, you may have also seen mentions of supplemental insurance, whether it is supplemental health, life, or any other form of insurance. We’re here to explain what supplemental insurance is and why it is important for some people to have.

What is Supplemental Insurance?

The name tells you most of what you need to know: this type of insurance is intended to supplement an existing policy. If you have health insurance, but find yourself paying a lot of money out of pocket for your medical needs, supplemental insurance is a good investment. It will help to cover expenses that your regular insurance will not cover.

Basically, supplemental insurance is a policy gap-filler. If you can’t find a policy that meets your needs exactly, supplemental insurance in Maitland, FL, can be tacked onto your existing insurance policy to ensure that you have the exact coverage that you need.

Find the supplemental insurance policy that is right for you when you reach out to our experienced insurance agents at Mike Elliott Insurance Agency, Inc. at (407) 671-1100.

How to Save Money on Home Insurance for your First Home

real estate agent handing over set of keysBuying your first home is an exciting time, but figuring out how to find the best home insurance can be stressful. Here are a few tips to help you save money on insuring your first home:

Don’t Purchase Last Minute

Home insurance can get complicated. When you leave it to the last minute, you can feel pressured to make your decision and not give yourself enough time to weigh your options carefully. This can result in your paying a much higher premium than you needed to. Make sure you give yourself plenty of time to choose a policy.

Use an Agent Instead of a Mortgage Lender

Your mortgage lender will sometimes offer you mortgage insurance, but they tend to generalize their rates to match the average client, which could wind up costing you money in the long run. It’s important to speak with a reputable insurance agent to be sure you are getting the best coverage options at the best rate for you.

Make Sure You Get a Home Inspection

The home inspection will help you figure out the potential problems with your home. This inspection may also give you insight on ways you can improve your home to get discounts on insurance costs. Be sure to discuss your inspection results with your insurance agent.

Have a History of Renters Insurance

Having renters insurance protects you from unexpected financial burdens, and it can also help you save money on home insurance when you decide to purchase a home of your own. A loss-free claims history can secure you a better rate on home insurance, so having a history of renters’ insurance can be a big help.

When you need home insurance in Maitland, FL, that meets your needs and budget, contact Mike Elliot Insurance Agency, Inc. at (407) 671-1100.

Welcome to the Mike Elliott Insurance Agency Blog

Mike Elliott Insurance Agency LogoHaving the right insurance for your home, your family, and your business is absolutely crucial for maintaining your financial security. Mike Elliott Insurance Agency wants to make sure that you are fully prepared for the worst case scenario and any other bumps in the road that may come along. Our family-owned and operated insurance agency has your best interests in mind, working diligently to protect the assets you have worked hard to acquire.

In this blog, we will cover a wide range of insurance topics from how to select the right home insurance to information about general contracting insurance in Maitland, FL. One of our goals with our blog is to help you approach your insurance situation armed with the knowledge to make the best choices. If you want to learn more about your coverage options, you should subscribe. We will be publishing interesting new content on a regular basis, so don’t miss out.

When you need help finding the best insurance policies to suit your needs, turn to the experienced agents at Mike Elliott Insurance Agency to help you protect the things that matter most. Call us today at (407) 671-1100 to get a quote or request your free quote online.