Protect Your New Business with Commercial Insurance

One of the best ways to protect your newly established business in Bethlehem, PA is to obtain a commercial insurance policy. Commercial insurance from Saucon Insurance Agency can protect your business property, services, products, workers and finances against risks that could cause financial loss. What kind of protection does commercial insurance offer?

Liability

As an entrepreneur, you’ll face many challenges in building your business. A lawsuit could cause you to close up shop before you even get started. General liability protects you against the threat of lawsuits due to accidents that cause serious injury or property damage to others on your business property. You can also obtain specific liability coverage for protection against explicit industry threats.

Business Property

Business property protects your commercial property against such perils as fire, vandalism, theft or natural disasters. This includes your warehouse, office, business equipment and products. If any of these suffer damage or loss in a covered peril, your insurance will pay repair or replacement costs. This saves you from having to pay these expenses out of pocket.  

Business Interruption

If a disaster forces your business to close down temporarily, business interruption insurance will provide financial resources to stay afloat while repairs are being made. Business interruption insurance will compensate your business for lost income, operational costs, employee wages, rental or lease payments and more, saving your fledgling business from financial ruin.

Workers’ Comp

Workers’ comp protects your employees against injuries on the job. It covers medical expenses and lost wages if workers need time off to recuperate from their accident. This coverage also protects you against lawsuits by employees seeking extra compensation for injuries on the job.

To learn more about commercial insurance for your startup, call or visit Saucon Insurance Agency, Bethlehem, PA. We can help you obtain competitive commercial coverage suited to your individual business needs.

Myths Concerning Boat Insurance

Longstanding tales can be divided into history, myths and legends. History describes events  that have been documented to have actually happened. Conversely, legends and myths have never been proven to be true.

Let’s take a peek at several boat insurance myths revealed recently by an industry by an industry survey of over 1,000+ boaters across the country.  

Myth #1: Every boat owner remits higher premiums for boat insurance because of recent hurricanes across the country.

The Reality: This is a widely-believed myth, although not completely accurate. Pricing policies are contingent upon the claims for each state. The more hurricanes , the more losses in that state, resulting in higher priced policies. 

The Myth #2: Boat insurance covers the boat anywhere it roams.

Reality: Navigation limits depend upon the insuring company’s standards and guidance. Some insurers might limit coverage to 100 nautical miles from the boat’s home-port. Others have regionally-based nautical boundaries. Saucon Insurance Agency serving the Bethlehem, PA area is ready to put together a boater’s insurance package that’s right for you.

The Myth #3: You will receive reasonably priced boat insurance rates if you choose to insure your home or car with the same insurer.

Reality: Although some companies do offer multi-policy discounts, buying more than one policy from an insurance company doesn’t necessarily guarantee that  you get the best rate, or the best ‘bang for your buck.’

The best way to ensure you get the best coverage for the price, is  to select specialized policies from experts in the industry.  

 

Pennsylvania Motorcycle Laws

The Bethlehem, PA area has some of the most beautiful scenic drives in the region. Make sure you are operating within Pennsylvania state law when enjoying the countryside on your motorcycle.

Requirements from the Department of Motor Vehicles

All Pennsylvania motorcycle drivers need to have a class M license. To obtain a valid license, applicants must pass a knowledge test. After successful completion, applicants receive a learner’s permit that allows them to ride during daylight hours. Learners must be accompanied by a fully licensed chaperone.

  • To get a full license, applicants under the age of 18 must:
  • Hold learner’s permit for 6 months or more.
  • Complete 65 hours of supervised riding.
  • Successfully complete the Pennsylvania Motorcycle Safety Basic Rider Course.

Applicants over the age of 18 can schedule their road test after passing the knowledge test.

Restrictions may be applied to your license if you take the road test using a motorized bicycle, scooter, or a 3-wheeled cycle. These restrictions only allow you to operate the type of vehicle you used during testing.

Registering Your Motorcycle

All motorized vehicles must be registered with the state before operating on public roads. Your vehicle must also conform to certain mechanical standards for safety. Motorcycles that don’t meet these requirements will not be granted a license until problems are corrected.

You will need valid insurance coverage before riding. The experts at Saucon Insurance Agency can help you find the coverage you need to be safe on the road.

Helmet Law

The Pennsylvania Helmet Law requires all motorcycle operators to wear protective headgear unless they:

  • Are over the age of 21 with at least 2 years of riding experience, or
  • Have completed a PennDOT or Motorcycle Safety Foundation approved safety course.

The law also calls out requirements for helmet manufacturers. Wearing protective gear while riding reduces catastrophic injury in case of an accident.

Before you set off on the road in the Bethlehem, PA area, contact the insurance agents at Saucon Insurance Agency. They can guide you through the insurance process, so you know you’re always covered, no matter where you journey.

Can You Add Umbrella Insurance to Any Type of Insurance Policy?

Insurance is a wonderful way to protect your belongings, yourself, and your family but it may not always meet your needs. Though individual policies are tailored to each purchaser, they may not have all the coverage that you need to be fully protected. This is where umbrella insurance comes into play. For those that live in the Bethlehem, PA area, the agents with Saucon Insurance Agency can tell you just what umbrella insurance is and where it can be applied.

It is helpful to first look at what umbrella insurance is. Umbrella policies are those that go above and beyond typical policies. They can be added to virtually any type of policy that you may have to help cover any gaps you feel you may have and to help add extra coverage above and beyond what your existing policy already covers. They are put in place to help keep you safe and to help make sure that each and every single policy you have covers any event that might take place. The only stipulation is that an umbrella policy is not going to take place of specific insurance that is required by law like auto or home insurance.

These umbrella policies are put in place to add extra coverage without altering your existing policy or without paying extra premiums associated with that policy. Umbrella policies are generally less expensive than some policies and may help you get more coverage without sending your rates through the roof. They also help you to fully customize your policy to get the exact amount of coverage that you want and need to feel fully safe and secure.

For those that live in the Bethlehem, PA area, the agents with Saucon Insurance Agency can help you find the perfect umbrella policy to add to any of your existing policies.

Four mistakes to avoid when you purchase umbrella insurance

One of the best ways to ensure that you have coverage for every possible liability you could experience in Bethlehem, PA is to get umbrella insurance that will offer comprehensive insurance. While it’s smart to purchase umbrella insurance for those who have a lot of assets to protect, you need to avoid potential mistakes to make the smartest investment in this insurance product.

The following are four mistakes it’s important to avoid when you purchase umbrella insurance from a provider like Saucon Insurance Agency:

Neglecting to analyze what coverage you already have before making a purchase

Umbrella insurance is typically as additional coverage on top of what one already has. It’s therefore important to analyze current coverage before purchasing it to see where there are gaps that are leaving the policy holder susceptible to liabilities and financial loss. You need to look at the policies you have and analyze nuances in depth to see where insurance or gaps and coverage are leaving you vulnerable.

Purchasing umbrella insurance without first undergoing a loss analysis to analyze your liabilities

Take advantage of a loss analysis to examine all the claims you have made on your insurance policies up to this point. Consider whether your policies have easily covered your needs or whether your claims have been denied or only partially fulfilled in the past.

Not getting the opinion of a claims consultant

Before purchasing, discuss coverage options with an experienced and knowledgeable claims consultant for invaluable advice on what umbrella insurance can do for you. 

Not getting coverage for recreational possessions and liabilities

A lot of people are more focused on business and practical assets and overlook recreational assets. Yet recreational assets can be very valuable and open consumers up to unique liabilities against which they need to be protected.

Reasons You Should Buy Supplemental Flood Insurance

If you live in the greater Bethlehem, PA area, flooding caused by heavy rain or rivers and creeks overflowing into your home may not be covered by your home insurance. The only way you are covered is by purchasing a supplemental flood insurance policy. Many people wonder if this is something they need and what the benefits are. Here at Saucon Insurance Agency, we want you to know the benefits of purchasing flood insurance so you can make an informed decision as to whether it is right for you. Here are a few of those benefits.

Your Home is Covered if it Floods

The biggest benefit to purchasing flood insurance is that your home is covered if it floods. Flooding can cause a significant amount of damage to your home. Additionally, removing all of the water and moisture from the home, as well as any dirt, mud and mold that are brought in by the floods can be pricey. Flood insurance covers all of this, protecting your financial investment in your home.

You Are Reimbursed the Fair Market Value Of Your Water Damaged Belongings

The other major benefit to buying supplemental flood insurance is that it helps to reimburse you for the fair market value of the items in your home that are damaged by flooding. This includes your furniture, electronics, clothing, toys and other household goods that cannot be salvaged. All of these items can add up quickly if you are not covered.

If you are interested in learning more about supplemental flood insurance, or are ready to purchase a policy in the greater Bethlehem, PA area, call Saucon Insurance Agency today! We are more than happy to answer any questions you have or help you find the right flood insurance policy for your needs.

Planning an RV Adventure? Start the Process with RV Insurance

The open roads can take you through mountains, down valleys through forests and even to the beach. With a recreational vehicle, you’re able to enjoy the experience with amenities like a bed and a shower. Before going on your trip, you should get RV insurance, so you can enjoy every minute of your trip.

1. Helps You Budget

If you don’t figure out how much money insurance is going to cost you, especially if you choose to pay biyearly, you might have less money for your journey than you thought you would. Plus, if you get a quote for an insurance policy from Saucon Insurance Agency, serving Bethlehem, PA and the surrounding area, you’ll know how much money you have to spend on your trip before you actually begin the planning phase. 

2. Feel Safe Going Anywhere

You can feel safe going anywhere in your RV once you have insurance. By getting insurance, you’ll be able to go on a trip anywhere in the U.S., or even out of the country, and know you’re covered if you get into an accident. Take as long of a trek as you like because you’ll be covered the entire time. 

3. Accident Won’t Spoil Your Trip

An accident would ruin your trip if you didn’t have insurance. You could find yourself having to spend your own money to cover the cost of the accident. Without insurance, you could find yourself worrying about how to pay for the damage, which would ruin the rest of your trip, if you’d even be able to finish your trip. However, when you have insurance, an accident won’t spoil your trip because you’ll be covered. 

Contact Saucon Insurance Agency, serving Bethlehem, PA and the surrounding area, to get a quote and a new policy. We’re available by calling 610-868-1800.

Is Actual Cash Value or Agreed Value on Boat Insurance Right for Me?

Whether this is your first boat or you just upgraded to a more impressive yacht in Bethlehem, PA, it’s time to purchase some boat insurance. Saucon Insurance Agency is ready to help you purchase the right policy that protects not just you and your guests, but also your wallet if you are involved in an accident.

Boats Depreciate Like Cars

As soon as you put your new boat in the water, it starts to lose value much like a new car.  By the time your first season is over, your favorite party pontoon could have lost a quarter to a third of its original purchase price. If you have replacement on your boat insurance policy, you likely will get Actual Cash Value as part of the standard coverage if your boat is damaged in an accident. The insurance carrier will determine what the current value of the boat is and send you a check for that amount, not what you paid at the dealer.

Protect Your Vintage Vessel

Actual Cash Value works if you have a small boat with a simple outboard motor as you’d probably be able to absorb the difference in insurance payment vs. cost of another boat without too much fuss. However, if your boat is either a custom luxury yacht or a vintage vessel featuring teak decking and built-in furniture, you may wish to opt for Agreed Value on your policy. You’ll have the boat appraised and pay for coverage based on the real cost of fixing or replacing the damaged ship.

It’s always a good idea to spend a few minutes talking to your Saucon Insurance Agency representative in Bethlehem, PA before finalizing your new boat insurance policy to fully protect your latest investment.

Should an Owner of a Company Allow Teenage Employees to Drive Company Vehicles?

Dosomething.org is a global movement of teenagers that counts over five million young people as members. To avoid any criticism for age discrimination in this review of this topic; here are some teenage driving statistics that this group of young people reports about teen drivers:

  • The highest rates of auto accidents for any age group are caused by 16-year-old drivers.
  • Within the first year of driving, 20% (one in five) of 16-year-old drivers will have an accident.
  • More than half (56%) of teens admit to talking on a mobile phone while driving.
  • Distracted driving, such as talking on a cell phone or texting while driving, doubles the probability of having an accident and reduces the reaction times of teen drivers to the equivalent of those found in 70-year-olds.
  • Motor vehicle crashes cause one-third of the deaths of young people between 13 and 19-years-old.
  • The chance having an accident caused by a teen driver increases by the number of additional passengers.

Use of Commercial Vehicles

The company policy about employees who are authorized to drive company vehicles is a business risk decision. Like all decisions of this kind, insurance coverage and the cost of it, are key factors that the business owner should consider when making the decision about who is permitted to drive a company vehicle. Many companies require an employee to be 25-years-old in order to be allowed to drive commercial vehicles for the company because this is normally the age where the insurance rates are more reasonable. Each policy is different, so check with your agent at Saucon Insurance Agency serving Bethlehem PA, for the specifics.

The experts advise business owners to exercise caution when allowing a younger person to drive any vehicle. For example, if the business owner asks an employee to drive a few blocks to pick up food for lunch at the office that is considered a commercial use of that vehicle, even if it is the owner’s private vehicle. When an owner asks an employee to do something as part of their work, then this task is a commercial activity, not a private trip in the vehicle. Business owners need to be careful not to create liability risk by mistake.

Summary

Check with your agent at Saucon Insurance Agency serving Bethlehem, PA, to make sure you have adequate coverage, which includes adequate vehicle insurance for the business owner’s private vehicle that includes coverage for the occasional use of the vehicle by others (including employees) and commercial insurance to cover the potential liabilities for company-owned commercial vehicles.

Tips for Safer Driving Habits

Not everyone is a safe driver in Bethlehem, PA and whether you want to believe it or not, you may be another culprit at times. If people are constantly telling you to slow down or be more careful, then you likely do not have the best driving habits. They may even be scared to ride with you. Driving safer can help you keep your auto insurance premiums low too so if you want to be a safer driver, use these tips from Saucon Insurance Agency.

  • Remove distractions. The one device that causes the most distractions while you are driving is your cell phone. You do not need your cell phone to drive and if you are guilty of using it while driving, you should consider putting it in another place where you cannot reach it. That text can wait and texting while driving is illegal anyway.
  • Use your blinkers. No matter what, if you are turning, you should use your turn signals. They are there to tell other drivers what you plan to do and to keep everyone aware. Use them as they are meant to be used to stay safer.
  • Go the speed limit. Sure, driving fast may be fun but it can also be dangerous. Don’t test the limits. Always follow the speed limits for the area because they are posted for a reason. 
  • Wear your seatbelt. It is the law to wear one while driving and even if you do not like the way it feels, it is there to protect you. Always put it on no matter how short your drive may be. 

Driving safer really takes just a few minor adjustments. This can make a huge difference though. If you need an auto insurance policy to protect you on the roads, be sure to reach out to Saucon Insurance Agency, serving Bethlehem, PA.