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 As a business owner, you're likely well aware of the importance of business insurance and workers' compensation but protecting your company doesn't end with these things. Cybersecurity insurance, commonly referred to as cyber insurance, is another essential tool every business should have in its arsenal. If you're not familiar with cyber insurance, here's a basic overview of what you should know.
What Is Cyber Insurance? Cyber insurance offers protection against losses resulting from cyberattacks and data breaches. These insurance plans provide coverage for lost income as well as costs like legal fees associated with data exposure. This form of insurance is intended to be used alongside cybersecurity technology. What Businesses Should Have Cyber Insurance? In the modern era, cyber insurance is a necessity for the vast majority of businesses. According to Forbes, 88% of small business owners feel that they are vulnerable to cyberattacks. Your company most likely stores data online in some form, and without the right insurance coverage, that data is at risk of being released to the public. Security breaches can be especially disastrous if private information about clients is leaked. The more devices and apps your business uses, the higher the risk of unauthorized access becomes. Investing in a solid cyber insurance plan is vital to the safety of your business and the people who interact with it on a day-to-day basis. What Is Not Covered Under Cyber Insurance? While cyber insurance can enable businesses to recoup many losses, there are some forms of damage it does not traditionally cover. Hardware damage, such as computers that cease to function properly, will typically need to be addressed by a separate commercial property insurance policy. Cyber insurance will also not cover preventative measures to avoid future cyberattacks. Can Cyber Insurance Replace Cybersecurity? While cyber insurance offers many benefits, it should not be viewed as a substitute for cybersecurity. Insurance mitigates the damage caused by cyberattacks, but it doesn't prevent them from occurring. Managing risks with top-of-the-line cyber defense technology is vital. Now that you have a better understanding of cyber insurance, it's time to invest in a policy that offers your business the protection it needs. Rollo Insurance of Dripping Springs will be happy to help you choose the ideal plan for your company. Contact Rob Archambeault today to learn more about our policies for cyber insurance and more. We look forward to helping you keep your business safe.
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 Car insurance can greatly help you out of a sticky situation that was caused by something out of your control. The whole purpose of insurance is to have it just in case something goes wrong, and it's important to know what it covers so you know how to use it properly. Below are just a few things normally covered by car insurance, but always ask your local car insurance agent for more information.
Defining Comprehensive versus Collision Coverage Comprehensive coverage in auto insurance is designed to protect against a variety of non-collision incidents that can damage your vehicle. This includes scenarios like hitting a deer, damage from hail or other weather-related events, a tree falling on your car, vandalism, and theft. Essentially, it covers damages to your vehicle that occur from events other than collisions with other vehicles. On the other hand, collision coverage specifically addresses damages to your vehicle resulting from collisions, regardless of fault. This includes colliding with another vehicle, hitting a stationary object like a tree stump, gate, garage door, or wall, and other accidents where your vehicle hits or is hit by something. Together, comprehensive and collision coverages provide a broad spectrum of protection for various unexpected incidents that could harm your vehicle. Coverage for Car Accidents This one may seem obvious, but it's the most important reason car insurance is always required for drivers. Car accidents are terrifying, dangerous, and potentially fatal, and it's important to have protections against the financial burden of an accident. Car insurance very often covers collisions and theft of the vehicle so the driver is not on the hook for all these expenses. Damages caused by a collision would be taken care of by your insurance, so the driver can worry about healing rather than paying bills. Coverage of Medical Expenses The health of the driver is often taken into account as well. Health is one of the most essential assets humans carry, and it's important to cover expenses to nurture that asset. Insurance for cars often covers any expenses related to the accident, even if the other driver is uninsured. This is important as one in eight drivers in the United States do not carry auto insurance, according to Forbes. Normally, liability determines which insurance pays for expenses, and in the case of a driver not carrying coverage, your insurance may be able to step in and help pick up the pieces. Coverage of Property and Vehicles Of course, if you as the operator of a motor vehicle cause damage to the property of another individual, you are responsible for payment of those damages. Car insurance is extremely important in this circumstance as it will often cover fees associated with these damages. This includes damages to buildings, parked cars, property, and many other items. Your local car insurance agent will be able to better explain exactly what's covered in your policy. Motor vehicle accidents are one of the most frightening experiences people can have, and the fear continues into the aftermath as well. Auto insurance is designed specifically to put that fear at ease to better support you in this struggle. Contact a local car insurance agent at Rollo Insurance of Dripping Springs for more information. Anne and Rob are ready to help!  Business insurance is crucial in risk management. Protecting your business against unseen events while mitigating financial loss is why every business needs coverage. While business insurance is a term for several different coverages, they all protect your business to ensure operations proceed. Let's look into some common business insurance types that will cover your company.
Commercial Commercial insurance is coverage for aspects of the business rather than individuals. Commercial auto insurance protects in the case of physical damage, theft, and bodily injury. Property insurance covers damages to property such as buildings, equipment, inventory, and other assets at risk of being damaged. An umbrella policy is necessary for the assets not covered by the other policies. This coverage acts as a safety net for any other losses incurred to keep your business protected. Group While commercial insurance covers property and other assets, group insurance policies protect you and your employees. Group life insurance covers employees in the event of a death, providing financial protection to the beneficiaries of the employee. This should be an essential part of an insurance package due to the protection of the employees and the business. Disability insurance provides regular payments to a member of the group in the event of a serious injury or illness. Group insurance policies like these ensure better company-wide retention and make positions within the company attractive to new applicants. Liability General liability coverage is a type of business insurance every company should have. This policy protects against any liability claims for property damage and bodily injury outside of operations. Professional liability insurance protects the costs of defending against a claim, damages, or a lawsuit. This coverage ensures financial security for your business, protecting against financial risks. Other A business owner's package combines all of the basic business packages into one bundle. This coverage is ideal for any small or medium-sized business for its cost-effectiveness, customization, and risk management. While convenient, it will also provide you peace of mind while you grow your business. Worker's compensation is often a legal requirement for every business. This is essential for covering employees and creating a safer, more productive work environment. Getting the necessary business insurance for your company is essential for staying protected against risks. According to IBISWorld, there are 410,176 insurance businesses as of 2023. However, not all of these companies are equal in the quality of service they offer. Rollo Insurance is dedicated to giving you the right coverage at the best possible price. Call us today or fill out the form on our website to get started with our insurance coverages.  Homeowners insurance is essential for any residential property owner. It's often underestimated how frequently damage can strike a house. From flooding to fires, you should be prepared for anything. Let's explore the most common homeowner’s insurance claims that may be of concern to you in the future.
Weather Weather is by far the most common claim among homeowners. High winds can cause severe damage to a home. Pairing severe winds with hail is a nightmare for anyone with a house and car. Whether it's damage to your roof or your windows, rough storms have the potential to devastate your wallet. Stay insured against hailstorms and tornadoes to prevent hours of headaches in the future. Water According to Comfy Living, 78% of homeowners with insurance have an HO-3 policy. While an HO-3 policy can cover some common water damage, flood damage is from outside water coming into the home and is NOT covered on any insurance policy. Pipe bursts and leaky appliances can wreak havoc on your house. Water damage can be caused by 2 different items. One is water seepage and leakage; for example, burst pipes, a dishwasher seal leaking or a shower tub liner leaking. The other is water back up which is water being pushed into your home through outside lines from a blockage in the septic or plumbing lines. These problems not only cause water damage but can lead to mold and other health risks. Discuss these concerns with your local insurance agent to stay covered against any type of water damage that may occur. Fire Fires can spur in your home in hundreds of different ways. An electrical fire or cooking accident can cause thousands of dollars in damage. A house fire can escalate quickly, with the potential to destroy a large portion of your property. When discussing plans with a local insurance agent, ensure you get coverage over any potential fire damage. Other Property Damage There are some forms of damage no one can predict. Whether your home gets hit by a stray soccer ball or a tree, property damage is often random and unpreventable. Strong coverage from a local insurance agent can cover expenses such as debris removal and damage to trees and shrubs, as well as common repairs. Coverage can vary depending on policy, so make sure you stay covered against the unpredictable. A quality local insurance agent can help you with any of your specific insurance needs. If you're looking for the best home insurance in Dripping Springs, Rollo Insurance can guarantee satisfaction. Call us today or fill out a form for a free quote on any of your insurance needs.  Investing in the right health insurance policy is vital for your and your family's well-being. You're likely aware that health insurance is important, but you may not know exactly how it can benefit you. Let's look at a few of the biggest reasons why it's critical to get quality health insurance from a dependable local insurance agent.
Helps You Stay Healthy It's hard to say anybody wants to be sick. Fortunately, getting check-ups, immunizations, and other services from medical professionals will greatly help your long-term health. If you have any pre-existing conditions, health insurance can cover the maintenance and prevention of any chronic illnesses. According to the CDC, 29.6 million people under the age of 65 don't have health insurance. People who are not covered under insurance are exposing themselves to all the uncertainties life has to offer. Preventing any illnesses and other medical conditions before they happen can ease both your quality of life and your wallet. Protects from High Costs A trip to the doctor's office can sneak up on your wallet. Whether it's a small cold or a multiple-night stay at the local hospital, the costs will likely add up. Getting health insurance can protect you from these sharp, unexpected costs that could financially hurt you. Depending on the severity, health problems and accidents can truly cost you an arm and a leg. Protect yourself from the high costs of the medical world by working with a qualified local insurance agent. Provides Calmness of Mind It doesn’t matter how young, healthy, or fit you are; illness and injury can happen anytime, anywhere. Having access to medical care no matter the scenario can ensure there is no more fear of seeking medical assistance. You'll surely sleep better knowing your health is covered. Having this "safety net" in the case of a serious accident or illness takes some serious weight off of your shoulders. Don't bear the risk of going uninsured; the health and financial risks are too high to take the chance. If you're looking for a local insurance agent in the Dripping Springs area, give Rollo Insurance a call today or fill out a quote form to get a free estimate on your home, auto, business, life, health, or any other insurance you may need. We are looking forward to hearing from you soon!  When thinking about insurance and the kinds of insurance you need, you may feel overwhelmed. The good news is that it doesn't have to be overwhelming! When working with a trusted insurance agent, getting yourself covered with the appropriate policies can be easy. From auto insurance to property insurance, here are three policies that you shouldn't go without.
Home Insurance If you are a homeowner, making sure you have home insurance is vital. Home insurance can protect you and your home in a few ways. Not only does it protect you if you were to lose your home, but it can also cover the loss of personal possessions or any accidents that may occur at your home. Making sure your home, where you probably spent most of your time, is protected can take a lot of stress off your shoulders. Home insurance can even protect against rare events like flood damage or additional living expenses. Auto Insurance Not only is hiring an insurance agent important for home insurance, but making sure you are taken care of properly with your car is just as vital. According to Forbes, one in eight drivers doesn't have car insurance. This means that one in eight people aren't protected if they are injured in a car accident, their vehicle is damaged, or even if their car gets stolen! If you own a vehicle or drive frequently, auto insurance is essential. Health Insurance One type of insurance that may be often overlooked is health insurance. Whether you run your own business and need to get it yourself, are an employee of a company, or even are currently unemployed, ensuring you have the proper protections in order is important. We only have one life and one body, so it's critical to protect them. If you get sick or injured, health insurance can be key in keeping your costs down and getting the proper care, too! While some people may think health insurance is something they can skip, it's good to be prepared in case of an emergency, so this shouldn't be overlooked. With the right help, finding appropriate insurance policies can be easy and stress-free. If you're ready to connect with an insurance agent, contact Rollo Insurance of Dripping Springs today!  Whether you have purchased an insurance policy on your own before or not, it can feel like a challenge. You probably have questions for your insurance agent you want answered. According to Comfy Living, 85% of homeowners in the U.S. have insured their homes. Homeowners insurance can be complex, so it is normal to have some questions. Read below to discover the top questions you should ask a home insurance agent.
1. How Are Homeowners Insurance Rates Calculated? Homeowners insurance is calculated based on a couple of factors. Home insurance rates are usually based on coverage limits as well as the likelihood of future losses occurring. The way something like this is calculated is by analyzing the history of loss for both the potential homeowner as well as the actual home. Make sure you ask your homeowners insurance agent about this. 2. What Is Covered? Under a home insurance plan, just like any insurance plan, there may be things that are not covered. Asking your home insurance agent what is covered in a specific policy will help you choose the right plan for you. 3. What Should I Set My Deductible? There is no specific answer to this question. Your home insurance agent will help guide you in the direction that is best for you. The higher your deductible is, the lower the cost of your insurance premium. The deductible is the amount that the insurance company will deduct from an insurance payout. That being said, your deductible needs to be an amount that you would be comfortable paying out-of-pocket after a loss. 4. What Is the Dwelling Coverage Limit? Dwelling coverage is defined as the maximum amount of money the insurance agency will pay to rebuild your house. Ensuring that this has been recalculated recently will reduce the risk of running out of coverage in the event of a total loss. Talk to your local homeowners insurance agent to get all of the details about your home's dwelling coverage. Asking your homeowners insurance agent these questions when you are purchasing a plan will help you in the long run. Unexpected financial responsibility can happen if you make assumptions about your policy rather than asking your agent. Rollo Insurance is proud to provide residents of Dripping Springs, TX with premium home, auto, and business policies that fit their needs. Don't hesitate to contact our team of insurance agents today for more information!  Life is often exciting, fulfilling, and unexpected, full of twists and turns that we never saw coming. Because life can be so unpredictable, it's important to provide safety and security for your loved ones. One of the best ways to help your family is by investing in a life insurance policy. Read on to learn more about why you should invest in life insurance as soon as possible.
Peace of Mind While it may not be the most fun activity in the world, folks need to prepare for any and all outcomes. Whether you're entering your Golden Years or just looking to alleviate your loved ones of some stress, it's important to have all of your ducks in a row. According to the CDC, 29.6 million people under the age of 65 don't have health insurance. Those without health or life insurance may find themselves in a bind at one point or another. When it comes to life insurance, this is one of the best ways you can prepare for the future. Having life insurance can help protect your family when you pass on. A life insurance policy can help cover any funeral expenses, out-of-pocket medical care, or day-to-day costs. This can prove to be incredibly helpful to your family, as it may help to alleviate the stress of paying bills during an already emotional time. Variety of Options One of the great things about life insurance is that it can be used in a plethora of ways. Do you have a charity that you feel especially passionate about? If so, you can opt to make them the beneficiary of your life insurance plan. This means that your funds will go directly to the charity once you pass. This is a great way to ensure that you're making a difference in people's lives even after you're gone. Life insurance is more than just an investment; it's a central pillar to creating a safe and secure plan for your loved ones after you've passed away. If you've been considering purchasing life insurance, don't wait any longer. Protect your peace of mind and relax knowing that you're covered in the event that anything should happen to you. Contact our team at Rollo Insurance today to receive a life insurance quote or to learn more about our services. We can't wait to hear from you and learn more about how we can assist you.  No matter your carrier or location, the insurance market is rapidly tightening, especially for home and auto insurance. This holds true nationwide, but states like California, Florida, and Texas feel the brunt.
Key Points:
Reasons for Change: 1. Claim costs have surged in recent years. 2. Increasing material and labor prices affect the costs to rebuild homes. 3. Car repair expenses have soared due to advanced technology and parts. 4. Rising medical care costs, notably for auto injuries. 5. Increased litigation expenses. 6. Higher frequency and severity of post-COVID auto accidents. 7. Reinsurance markets are strained, with skyrocketing rates. What You Can Do:
Remember, insurance agents are intermediaries. They navigate this evolving landscape, ensuring you get the best possible coverage. At Rollo Insurance of Dripping Springs, we’re experiencing the same challenges and are striving to guide you through. If you're looking for home or auto insurance for you or your family, get in touch with us today. We are more than happy to provide you with a free insurance quote.  Are you in the process of buying a new car? Don't forget to get auto insurance! According to Forbes, an estimated one in eight drivers operates their vehicle without the necessary insurance. Auto insurance is an important part of responsible car ownership. Let's take a closer look at a few reasons why.
1. You're Required to Have Coverage There are many reasons to have car insurance, with the most popular one being that it's required in the state of Texas. Your job may also require that you have coverage if you use your vehicle for work. And finally, most financial institutions carry a certain amount of insurance coverage as a condition of your car loan. These are all important reasons for you to always have insurance protection for your car. 2. You Need to Protect Your Vehicle Many of us rely on our cars for transportation to work or to meet other obligations. Without the proper level of insurance, you can put your livelihood in jeopardy. When you have a comprehensive policy, you could enjoy features like rental car coverage, towing services, and roadside assistance. All of these services will be helpful if you ever have an accident and need assistance when your car is being repaired. Now's an ideal time to review the policies that are available in our area to ensure that you have the coverage you need now and into the future. 3. It's the Financially Responsible Choice Having to pay out of pocket to cover auto repairs caused by a covered event isn't a financially responsible choice. With car insurance, your policy will cover the cost of repairs when you're involved in an accident or another covered event. This is especially true when an accident causes injury or property damage. Without the right insurance coverage, you could be held personally liable for the cost of damages. This type of scenario can make financial stability incredibly difficult. The right insurance policy can protect your financial interests and prevent you from having personal financial liability. Not only can Rollo Insurance of Dripping Springs help direct you to the correct coverage, we can also help you select a car based on policy affordability. Give us a call today and let us help you with all of your auto insurance needs. We look forward to working with you! |
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