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Required Commercial Insurance in Michigan

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Every state has laws about small businesses and what kind of insurance coverage they have to have. These are not the only insurance policies that businesses should have, however, they are just the ones that are mandated by Michigan law. If you want to know more about commercial insurance in the state, give us a call at The Ryan Insurance Agency in Clarkston, MI.

Workers’ Compensation

Workers’ compensation insurance is a type of commercial insurance that many businesses in the state are required to have. If a business has at least one full-time employee, it must carry this insurance for that employee. This coverage pays for the medical bills that result from an employee becoming injured at work or developing an illness from their work. This protects you as the business owner by paying those medical bills, which can be extremely expensive. It also protects you from lawsuits after an injury happens or illness develops. 

Commercial Auto Coverage

Any vehicle that is owned by a business in Michigan must have a commercial auto insurance policy on it. The state has requirements for the types of coverage that must be included as well as the minimum amount of coverage for each of those categories. It has an amount requires for bodily injury for one person injured in an accident, another amount required for bodily injury liability for everyone who is injured in an accident and another amount required for property damage liability for each accident. While there are minimum amounts required, it’s often a good idea to add to that coverage to make sure you can pay for injuries and property damage that result in an accident that was your fault. 

Get Your Commercial Insurance Policies

If you need commercial insurance to keep your business protected, give us a call at The Ryan Insurance Agency in Clarkston, MI.

How Home Insurance Protects You

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If you own a home, it’s important that you have an effective home insurance policy for it for as long as you live there. If you need a home policy, give us a call now at The Ryan Insurance Agency in Clarkston, MI.

Risks to Your Home

When you own a home, there are many risks that can threaten it. There are disasters that can cause untold damage to a house. There are accidents that can cause just as much damage. There are calamities that can require a lot of repairs. When you have a home insurance policy, you have coverage against a wide variety of risks that can damage a house. Without this insurance, you would have to come up with repair funds, or even rebuilding funds, all by yourself. A home insurance policy covers your dwelling and takes care of those covered situations by paying for repairs. 

Risks to Your Finances

In addition to the risks that your home faces, you could face even more risks to your finances. If a third party is in your home and becomes injured or ill there, you can be found liable for all of the medical bills that result from it. With the high cost of medical bills today, these bills can be enormous. However, with a home insurance policy, those bills are covered. You won’t have to come up with the money yourself. Liability coverage is included in home insurance, and it can save you from incredibly high bills after an accident in your home. 

Get Your Home Protected

If your home doesn’t have a home insurance policy, don’t wait. Call us right away at The Ryan Insurance Agency in Clarkston, MI to find out more about these valuable insurance policies. Don’t be caught without insurance protection for your home. 

Motorcycle Insurance in Michigan: Why You Need Collision Insurance

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When you have a motorcycle in Michigan, you will want to be protected against every risk and liability. The minimum state requirements for motorcycle insurance will help you to get on the road and get there safely. However, it may not protect you against collision costs in the event of an accident.

At The Ryan Insurance Agency, we help Clarkston, MI residents understand the importance of a thorough motorcycle insurance policy. We can help you to design the best insurance policy for your budget, and help you define your own terms for collision insurance.

Benefits of Collision Insurance

When you are in an accident with your motorcycle, your insurance will cover a certain amount of damages and risks. If you don’t have collision insurance, you may be out of pocket for some serious costs.

A standard motorcycle insurance policy may cover you for some medical costs and liabilities, but the minimum requirements may not be enough.

Collision insurance will help you to pay for damage to your motorcycle if you are in any kind of accident. This is coverage that protects you regardless of who is at-fault in an accident. Your financial burden in the event of an accident is mitigated when you have collision insurance.

Extended Coverage

When you are considering collision insurance, you should know that you can design your collision insurance to meet your needs. Many motorcycle owners take great care and pleasure in customizing their bikes to make their rides more enjoyable. A standard collision insurance policy can help with some repairs, but it may not be able to cover specialized customization to your bike.

You can add this and widen the coverage on your collision insurance with your motorcycle insurance policy. It is very common to add coverage to your existing policy to ensure you are covered for everything in the event of a collision.

Get a Quote

When you are looking for motorcycle insurance in Clarkston, MI, you will want to be sure that you have collision coverage. When disaster strikes, collision insurance can help you have peace of mind during a crisis. Call The Ryan Insurance Agency for a quote today.

Boat Insurance: Get Protection From Unforeseeable Events

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The market for selling and purchasing boast has registered a notable rise in many regions, including Clarkston, MI. If you are among the proud owners, The Ryan Insurance Agency wants you to feel safe every time your vessel is in the water and when it is off the shows. Purchasing liability risk insurance is among the things that should come by default when you own a boat. 

While owning a boat comes with pride, the risks involved are magnificent. They range from keeping up with maritime regulations to the cost of maintenance. That way, it goes without saying that you cannot afford to live without decent boat coverage.

Understanding The Essentials of Boat Insurance Policy 

Insurance plays a pivotal role when your boat needs repair if it gets damaged. The insurance may replace your vessel if it gets stolen or damaged beyond repair after purchasing replacement insurance cover. However, there are regulations that you must understand before moving forward. Here are some guidelines on viable policy options.

Boat Damage Coverage 

The policy has the power to protect your vessel both in the water and on land. Regardless of the state of your boat, the insurance coverage protects it from all physical damages. It shields pre-installed equipment alongside any additional ones. Here is a review of some of the losses covered:

  • Sinking
  • Burglary
  • Vandalism
  • Explosion 

A Closer Look into Boat Liability Insurance 

Your future finances are safe with the kind of insurance coverage. Whatever lays ahead is a mystery, and you may not tell what might happen when your boat is in the water. You can find yourself on the receiving end if an accident involving your boat leads to property damage or injuries. That said, you need to protect your vessel as much as you cover yourself and your crew.

Contact The Ryan Insurance Agency today for your boat liability insurance cover around Clarkston, MI. They will keep you safe from unforeseeable adversities.

Add to Your Liability Protection With Umbrella Insurance

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Liability protection is one of the most important types of insurance coverage. It can mean a big difference in your finances later. Without enough liability coverage, you could face paying enormous bills with your own money. One way to prevent this from happening is to get an umbrella policy to add to your liability protection. If you’re interested in this kind of coverage, contact us at The Ryan Insurance Agency in Clarkston, MI.

Your Existing Liability Coverage

A part of the coverage that you get from your home and auto policies is the liability coverage that is a part of these policies. It pays for property damage and medical bills that can come from an accident that happens either in your car or in your home. The problem comes when you have a serious accident and your liability coverage doesn’t pay for all of it. This is a common occurrence due to these policies being notorious for having little liability protection. That’s why so many people are getting umbrella insurance policies. 

Your Higher Liability Coverage

When you get an umbrella policy, it adds more liability protection to your auto and home policies. The way it works is that the auto or home insurance will pay first, and it will max out at its stated maximum amount of coverage. Rather than having you pay the rest, the umbrella policy kicks in then to provide a higher amount of coverage so that you aren’t trying to come up with the money yourself. It’s a great way to protect your finances and your assets. 

Get Umbrella Insurance

If you want to be better protected against accidents in your car and home, you may need umbrella insurance. To find out more about it, call us today at The Ryan Insurance Agency in Clarkston, MI.

The Realities of Life Insurance

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Many families in Clarkston, MI have tried to buy life insurance from The Ryan Insurance Agency, only for them to tell us about the many myths surrounding this policy. The current nature of the life insurance industry is that most customers do not have the important facts that can help them when it comes to buying such policies. Here are some realities of life insurance that can help customers to make good decisions. 

Understand Term and Whole Life Insurance

Term life insurance covers a period of time while whole life covers the entire period of your life. The two policies are good, but whole life insurance is the costlier of the two, and most people cannot cater to the premiums of whole life insurance. Understanding the two policies will help you to choose the best concerning your financial status. 

Life Insurance is Product and Not Investment

Many people have a perception that life insurance is an investment whereby they will be getting some financial returns after a specific period of time. However, from the planning and execution of insurance policies, it is important to indicate that insurance is a product and not an investment.

The Earlier You Buy, The Better

A huge number of people wait for many years before they can buy life insurance with the argument that they are saving on premiums. This is always a huge lie because buying life insurance at old age will attract larger premiums. Therefore, it is always necessary to buy life insurance when one is still young.

If you live in Clarkston, MI, and you want to understand more about life insurance realities, you can contact professionals at The Ryan Insurance Agency, where you will get the best guide on life insurance. 

What does motorcycle insurance cover?

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You appreciate an insurance policy only when something goes wrong. In a motorcycle accident, having an insurance policy can be the difference between recovering from your injury and repairing your property or taking a financial hit that takes time to restore. Besides the peace-of-mind advantage of carrying motorcycle insurance, it is also a legal requirement in Clarkston, MI.

So, what will the insurance policy cover in case of an accident? The experts at The Ryan Insurance Agency explain the different types of coverage included in your policy.

Liability coverage

If you inadvertently cause the accident, the law requires you to pay the injured party’s medical bills and property repairs. The amount is included in your policy’s liability limit. The coverage also extends to your family should they be responsible for an accident while using your motorcycle.

Medical Payment Coverage

If you or your family members are injured in an accident, the policy will reimburse all medical or rehabilitation expenses resulting from the accident. The policy will also pay the funeral costs.

Collision coverage and Comprehensive coverage

Collision coverage reimburses for physical damage to your motorcycle that occurred during the accident. Comprehensive coverage compensates for damages caused by falling objects, fire, theft, hail, or animals.

Uninsured and underinsured coverage

Uninsured and underinsured coverage protects you when the accident is someone else’s fault, and the other driver does not have insurance or has a low coverage limit. In that case, your policy will reimburse the difference. The coverage includes medical bills and property damage.

Preparing to take care of your family and your property when the unexpected happens is easy. Talk to our experts from The Ryan Insurance Agency in Clarkson, MI, who can help you choose a perfect policy, so you can relax.

Do I need boat insurance in Clarkston?

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Anyone that is in the Clarkston, MI area of the country should look into purchasing a boat. Those who have a boat in this area can use the many Great Lakes and other waterways that are popular destinations during the summer months. If you would like to get a boat here, you also need to get boat insurance. There are several reasons why an owner may need to get a boat insurance plan when they are here. 

Insurance Protects Your Assets

A reason you will need to obtain a boat insurance plan is that it will protect your assets. A boat insurance plan is a very effective way to protect your vessel as it will provide you the resources needed to repair or replace your boat if it is damaged or stolen. This coverage will also be required if you took out a boat loan.

Insurance Includes Liability Coverage

When you operate a boat, you must be safe and careful. However, even if you are, there is a chance that you could cause a boat accident. Due to this risk, you need to make sure that you have proper insurance coverage. A boat liability insurance plan will give you support if you are found to be liable for damages in accident. 

Those in the Clarkston, MI area and are looking for a boat insurance plan should call the Ryan Insurance Agency team. The insurance team with The Ryan Insurance Agency understands how important this coverage is. They can help you assess your needs and options regarding coverage and help you build a plan that will cover your boat and ensure you are in full compliance with requirements. 

What Can Umbrella Insurance Do for You?

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Having strong insurance coverage means more than just protection. It also means peace of mind. If you’re in the Clarkston, MI area and you need good coverage, an umbrella insurance policy from The Ryan Insurance Agency could be just what you’re looking for. Even if you already have good policies on your home, auto, and other areas of your life, having an umbrella policy could help you get the extra level of protection you want. A lot of people who own businesses or have significant assets choose these kinds of policies. Still, you don’t need to fall into those categories to benefit from extra insurance coverage.

An umbrella policy can provide that for anyone who wants another layer of liability over and above the limits of their other policies. If you have a claim on any of your policies and reach your claim limit, there will be additional insurance that can help protect you and the people and things that matter most in your life. By working with a trusted agent, you can ask about the benefits of these policies and get all your important questions answered. Our team can help you make great decisions about your future insurance needs.

Reach out to us today at The Ryan Insurance Agency, and let’s talk about umbrella insurance options for your lifestyle and goals. If you’re in or around the Clarkston, MI area, we’re here to help you get the coverage that best fits your needs. You don’t have to settle for less than that or worry about whether you’re fully covered in the event of a claim. Instead, you can work with us to create a level of coverage that will provide you with important security, so you can get back to living your life.

How much life insurance is enough

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It would be great if anything in life prepared you for discussing life insurance. Your parents aren’t going to pull you aside and have a talk with you about life insurance. You won’t take a class in college called Life Insurance 101. When it comes to deciding how much life insurance is enough, you will have to rely on your independent insurance agent. At The Ryan Insurance Agency in Clarkston, MI, we have an experienced team here to help you find the insurance you need. 

If you are young and unattached, your need for life insurance is minimal. This is ironic since this is the best time to invest in insurance since rates are the lowest they will ever be. You may have some life insurance provided by your employer, and taking a good look at it is a good thing to do. Is it enough to take care of any debt that you have and your final expenses? If it is, you may not need additional life insurance at this time. 

When you get married, your need for life insurance changes, and when you have children, it changes even more. You need to provide for your spouse and children so that they don’t have to change their lifestyle because you are no longer with them. How much insurance that requires depends a lot on how much you earn, whether your spouse works, how many children you have, and how young they are. It is safe to say that you need between 7 and 10 years of your annual income. If you want to provide for their college education, that is an additional amount. 

Life insurance needs are very personal and can be customized to fit your life. At The Ryan Insurance Agency in Clarkston, MI, we will work with you to develop the correct amount of life insurance to provide for your family.