Understanding Farm Umbrella Insurance

A thriving farm in Colorado, highlighting the need for crop insurance to protect against weather risks, pests, and financial losses.

A working farm is full of excitement. It takes hard work and dedication to keep a farm running, after all. But there are also situations that you just can’t prepare for. In these circumstances, your regular farm coverage may not cover you. That would be an unpleasant surprise! Farm umbrella insurance is a smart way to cover yourself in the event that a regular policy doesn’t cover something. In other words, it stacks on top of your existing policies and can fill gaps over a specific deductible. Even if you already have some types of farm insurance, you could still benefit from farm umbrella insurance.

What is Umbrella Insurance?

Umbrella insurance is broad protection that covers you for events that existing policies do not. It fills the gaps and keeps you and your assets protected. It’s worth pointing out that umbrella insurance is a great way to protect against things outside your control. For instance, it can protect you against external claims which could garnish future income. Could your farm survive this type of situation? Another major benefit of farm umbrella insurance is that it can increase your financial coverage level. If you run a growing farm, or business is booming, then this type of insurance could be perfect for you.

livestock insurance
Farm umbrella insurance can protect the life you’ve built—and the lives that rely on you.

Why Do Farms Need It?

Ultimately, farms are unpredictable. Even if you’ve been a farmer for decades, you understand that things happen, and you just have to deal with it. If you’re lucky, and your farm has been steadily growing, then you might have reached new heights in your business. This can bring additional stress and anxiety into your life. After all, you worked hard to get here. Now you need to protect what you’ve built with the right insurance policies.

Not sure? Contact the Prince Insurance team for friendly, honest advice. We respect farmers and know how hard you’ve worked to get here. Let us help you find the right level of protection for your business with farm umbrella insurance.

Understanding Comprehensive Insurance

You’ve probably had the same policy coverage for years. You may have home, auto, and life insurance because your parents or your first employers encouraged you to sign up. But life changes. You may now have a new business, children, and new property that need protection. Comprehensive insurance is a smart strategy to protect what’s most important to you. Most policies don’t cover the small things—but the small things are often the most important. Here’s what you need to know.

Understanding Comprehensive Insurance

There are some situations that you might not be personally covered under. For instance, if you get very sick and have to pay high healthcare bills, would they be able to seize your personal possessions? If you’re working from home and someone steals your identity, do you have coverage for online fraud? Comprehensive insurance can help cover you in all the in-between situations that normal policies won’t cover. After all, we’re living in unprecedented times. Risks are high, and it’s up to you to assemble a suite of insurance coverage that works for your specific life. Don’t accept generic policies. Look for comprehensive insurance that is customized for you as an individual.

a person wearing a smart watch driving on a rainy road
Protect yourself anywhere and everywhere with comprehensive insurance.

Do I Need Comprehensive Insurance?

You might need additional types of coverage if you have exciting hobbies or if you’re particularly vulnerable to risk. For instance, you might get recreational vehicle coverage or jewelry protection. Your farm might need structural protection or crop insurance. A Prince Insurance broker can help you review your existing coverage to find the places where you might be missing protection. Plus, you could discover that bundling actually gives you more coverage at a better price.

Comprehensive insurance can help you live boldly and sleep peacefully, knowing that you have the protection you need. Ready to get a quote? The Prince Insurance team is friendly and ready to help.

When to Get Flood Insurance

If you live in an area that is susceptible to flooding, flood insurance isn’t an option, it’s a must. It’s also important to consult an updated map to see exactly where the flood zones are. Weather patterns are changing and you might discover that your home is at greater risk now than it was ten years ago. People with basements or other below-ground rooms should definitely explore flood insurance options. Remember, it’s better to get insurance now before you’re wading through water and wishing you had checked that item off your list.

Flood-Prone Areas

Low-lying areas are at particular risk for natural flooding. This can happen when the water table rises due to rain. It puts your building at risk for a few months out of the year, when water levels are higher than normal. Many states across the country experience flooding every year, resulting in millions of dollars’ worth of damage to property. However, it’s also possible that a freak storm or other incident inside your home will cause flooding. A forgetful person may leave the faucet on, or a water heater could burst. Flood insurance covers you in the event of flooding, so that you have the financial support you need to rebuild.

Floods can be scary. Get the protection you deserve with flood insurance.

Popular Options for Flood Insurance

You have some options for coverage. Generally speaking, your flood insurance will cover your dwelling and losses incurred by water damage due to flooding. You can get flood insurance for commercial and residential properties alike. It’s important to note that general home liability coverage may not include flood protection. There are lots of additional types of coverage you can get to protect your home from top to bottom. If you’re in a zone that’s susceptible to flooding, you’ll need to add flood insurance to your policy to be 100% protected.

Ready to sleep through heavy rain without blinking an eye? Flood insurance can help protect you and your home from water damage. Reach out to Prince Insurance and discover what it means to feel protected.

Reasons to Get a Liquor Liability Policy

wine bar

Liquor liability is a type of insurance that protects your business from the actions of intoxicated people. If you sell alcohol, this type of coverage is absolutely essential. This is true if you own a nightclub, a bar, a restaurant, or any other type of business that sells alcohol. Unfortunately, you could be held liable for auto accidents, fights, and injuries resulting from people who get drunk at your establishment. That is, unless you have a liquor liability policy. Here are some of the reasons you should add this policy to your coverage.

How it Works

This type of coverage is financial protection against the unknown. After all, you can’t be responsible for the behavior of people once they leave your business. But the law says that you can be directly connected to the outcome of their actions. There’s just no reason for you to risk your business — including assets and your reputation — on a stranger’s drunken mistake. A liquor liability policy protects your business against lawsuits that result from property damage or personal injury.

bar and liquor liability insurance
If you sell, serve, or manufacture alcohol, then you need liquor liability insurance.

Why it’s Important

You need this type of coverage if you sell, distribute, or manufacture alcohol. Otherwise, you could be tied legally to the accidents of anyone who purchased your products. For instance, someone could cause an auto accident after leaving your restaurant. Then, the victimized party could try to seek damages from both the driver and you, as the seller of the product. It’s important to realize that a liquor liability policy is separate from your typical general liability coverage. If you thought you had everything worked out, now is a good time to reevaluate your coverage and ensure that you have the protection you need.

Don’t risk your business because you didn’t have the right coverage. Reach out to Prince Insurance to get a quote and make sure you can operate confidently and safely with the right insurance policies in hand.

Protect Your Farm Structures Before Winter Strikes

Home in Leadville Colorado

ithout farmers, this country would not be what it is today. Farms play a vital role in society, providing food for communities and looking after the quality of the land. But hard work is not enough to protect your farm from the perils that can occur come wintertime. If you’re ready to protect your farm structure before winter strikes, here’s what you need to know. From hailstorms and floods, to broken equipment and losing animals, your farm needs comprehensive coverage.

Farm Insurance and Best Alternatives

There are several types of farmers’ insurance. Some policies offer coverage for your personal dwelling and your machinery. Others over protection for employees and even crop failure. But the most important thing on a farmer’s mind in the wintertime is the farm structure itself. If buildings go down in cold weather, you could lose your stock and your most important assets. It’s incredibly difficult to raise a new barn in the snow, for instance, even if you did have farm structures insurance. These are alternative options for coverage. Make sure you select a policy that protects what you need to be protected.

Farm insurance
Protect your farm with coverage for all your assets, including structures.

Coverage for Farm Structures

If you want to protect your personal farm dwelling as well as working structures on your property, then you’ll need farm structures insurance. You can cover your personal home (and everything inside it) along with the barns and buildings that house your equipment, stock, and animals. Once you’ve taken care of this essential coverage, then you can get liability coverage and employee protection, too.

Looking for an agent? The Prince Insurance team can help you review your options and select a farm structures insurance policy that meets your needs. We understand farmers and the risks you face in your business. Reach out for a quote, and we’ll get you started with a comprehensive policy that protects what is most important to you.

Risk Management Options for Large Businesses

Managing risk is a daily task for owners of large businesses. You’re in a constant balancing act, trying to meet the needs of your clients, while also growing your company and taking care of your team. Risk is that pesky, unpredictable element that can throw off your well-laid plans. That’s why it’s extra important for large businesses — with large teams and bigger assets — to explore risk management solutions.

Definition and Benefits of Risk Management

Although you can ward off some disasters by planning ahead, there are still some events that you can’t predict. Inclement weather could destroy your office building. Employees could have a freak accident on the job. Crops could fail, and your brand new equipment could give out unexpectedly. How will you manage your risk in these situations?

The definition of risk management is forecasting possible risks and then taking steps to avoid them and protect yourself. The right suite of insurance coverage is one of the best risk management solutions. You can carefully evaluate the risks you face in your industry and then protect your most important business assets.

office team
Protect the people who keep your business going—that’s smart risk management.

The Importance of Coverage

If you’re a business owner, then you know that your people are the most important asset in your business. After all, they operate the software, they interface with clients, and they show up to work each day with the skills and the mindset to support your growing business. If you’re looking for risk management solutions, make sure you pick the coverage that helps your staff be protected. In risky industries, this coverage is especially important for hiring and retaining quality employees. When you give them great protection while on the job, you will also benefit as a business owner. You can rest easy, knowing that your people are protected.

Keep your business competitive with the right risk management solutions. Ready to protect your business assets? Get a quote from Prince Insurance and see how easy it can be to grow your business with confidence.

Best Home Builder Insurance Packages

Homeowners Associations (HOA) Insurance

Construction projects are fraught with risk, no matter how careful you are. Even if you choose the best contractors in the world, there is always a chance that something could go wrong. That’s why you need home builder insurance. The best packages will offer coverage for you, your team, and your equipment. Accidents happen, and the right coverage will help protect you and attract cautious clients. Ready to find the right insurance for a home builder?

The Best Insurance for a Home Builder

First, let’s understand the coverage. Construction and home building include a variety of complex tasks. After all, the home needs to be durable and livable. You need coverage to protect you while you install electrical, plumbing, woodwork, plastering, roofing, and more. On-site, workers are often required to use power tools or climb scaffolds. If something falls on a car parked at your construction site, would it be covered? While you’re in the process of building someone’s home, you need insurance that covers everyone and everything. This should include broad liability protection, workers compensation, materials coverage, and vehicular protection. Not only is this good for your business, but it’s a great way to gain the trust of your clients.

Man sliding a piece of wood across a table saw.
Make sure your home builder insurance covers everyone and everything on site.

The Importance of Home Builder Insurance

Protection can’t be underestimated in risky businesses like construction. Your reputation is at stake. If you don’t have insurance, and one of your workers gets injured, you might struggle to hire great contractors in the future. Insurance for a home builder is critical from a client’s perspective, too. Your potential customers will want to know that you have robust coverage in case of an emergency.

The right coverage could help you get more business. Ready to explore your policy options as a home builder? Get in touch with Prince Insurance, and we’ll find an option that gives you the coverage you need.

Why Every Business Needs Disability Coverage

man welding with sparks flying out

As a business, your employees are your number one priority. As your number one priority, you need to assure them that they will be taken care of if they suddenly require extra assistance to be able to perform their jobs.

Equipping your business with the right Disability Coverage policy can provide exactly this kind of assurance.

How Does Disability Coverage Work?

If an employee gets injured, becomes sick, or suffers some form of general disability that hinders their job performance, Disability Coverage works to get that employee the help he or she needs to be able to continue doing his or her job. Or, if that employee can’t return to work, Disability Coverage can make sure they’re covered even when they can’t work, such as with Workers Compensation.

doctor holding someone's arm in a cast
Disabilities don’t always result from just physical injury in the workplace.

Without Disability Coverage, it can be you or your business that has to pay out of pocket to help that employee. Many businesses are more than happy to support their employees this way, but it can nevertheless pack on a substantial financial burden that some businesses, especially newer ones, aren’t able to sustain long-term.

Therefore, the best way to support your employees is to offer Disability Coverage. This way, even if an employee can’t return to work after an accident, they can rely on their Disability Coverage to provide a large portion of their income (usually 50-70 percent) and maintain their standard of living until they get back on their feet

How Do You Get Disability Coverage?

Getting the right Disability Coverage for your business requires working with an insurance company that is familiar with your industry, your type of business, and the needs of your specific employees.

This is why getting coverage from Prince Insurance Group is a great choice. With over four decades of experience working with all kinds of different businesses, we can quickly provide you with a tailor-made policy perfect for your business and employee needs.

Get in touch with Prince Insurance Group today to start setting up your business with the perfect Disability Coverage.

Commercial Property Insurance for Your Colorado Business

open office spaced filled with people working at their latops

After years of deliberation and saving, you finally made the jump and opened up your business in Colorado. Congratulations!

Now that it’s up and running, to make sure that a simple accident doesn’t result in your dream business coming to a screeching halt, the best thing you can possibly do is invest in quality Commercial Property Insurance.

What is Commercial Property Insurance and Why Do You Need It?

You can think of your Commercial Property Insurance policy as your saving grace in the event that your business suffers an unforeseen accident, however major or financially impactful.

Instead of you having to dig into your or your business’s pocket to recover from such an accident, potentially putting your business and employees at risk in the process, you can simply rely on your insurance to help you recoup your losses instead.

More specifically, you can expect Commercial Property Insurance to cover such things as:

open office space with a long working table in the middle
Commercial Property Insurance can help you quickly recoup from costly mistakes or accidents.
  • All office equipment, including computers, phone systems, and furniture (whether owned or leased)
  • Accounting records, business data, and other important company documents
  • Inventory
  • The building your business is housed in (whether owned or rented) (see Builders Risk Insurance for even more coverage)
  • Manufacturing or processing equipment
  • Exterior items such as fences, signs, and satellite dishes

Finding the Right Commercial Property Insurance

In many cases, it’s not necessarily that businesses don’t have Commercial Property Insurance, but rather they don’t have the right kind of coverage for their needs; there’s nothing worse than realizing after the fact that your destroyed office equipment that isn’t actually covered under your policy after all.

That’s why taking the time to find an insurance company that’s familiar with your industry and understands your business’s specific needs is so important. Fortunately, Prince Insurance Group can help speed up the process, as we work to provide businesses of all shapes, sizes, and industries with tailor-made Commercial Property Insurance they can count on.

Learn what kind of coverage we can provide for your business by contacting Prince Insurance Group today.

The Importance of Insurance Programs for Businesses

group of young people standing in a field smiling

The people that work for your business are more than employees – they’re family. Because of this, they deserve the same level of protection and coverage you would offer your family.

With the right insurance program for your business, you can offer them just that.

What is a Business Insurance Program?

You can think of a Business Insurance Program as something that keeps your employees healthy, motivated, and assured to be able to pursue their job effectively, knowing that they’re covered at every angle.

4 people talking in a circle smiling
The right Business Insurance Program can improve employee loyalty and productivity.

A comprehensive program will often include such things as:

How is a Business Insurance Program Beneficial?

Other than promoting better work from your current employees, these types of programs also help attract new, top-tier talent to your business.

After all, employees want to work for businesses that give them all the necessary coverage and support they need to do their job well. This is often why you’ll see businesses publicly advertise exactly what is included in their insurance program in job ads, right alongside salary and vacation time.

How to Choose the Right Business Insurance Program

There are a lot of moving parts to your business, with different types of employees, across different industries, having different types of insurance needs. This is why when pursuing the right Business Insurance Program for your business, it’s essential to work with a company that is familiar with your industry, can understand your employees’ specific needs, and accommodate them appropriately.

That’s exactly what we at Prince Insurance Group have spent the past 40 years mastering – providing the best protection plans for businesses and their employees.

Learn more about setting up your business with the perfect insurance program through Prince Insurance Group today.