Frequently Asked Questions

Business insurance is a critical tool for managing risk and protecting your business's financial health. You need business insurance to protect against uncertainties that can impact your operations. It will protect you against lawsuits in case you are held responsible for causing harm or injury to others or their property.
General Liability is the most common insurance policy to protect your business.

Cyber liability insurance, also known as cyber insurance or data breach insurance, is a type of insurance coverage designed to protect businesses from financial losses and liabilities associated with data breaches, cyberattacks, and other cybersecurity incidents. It is not currently mandatory in Indiana, however, is it highly recommended to protect your business. In an increasingly digital world, where businesses rely on technology and handle sensitive data, cyber liability insurance has become essential to mitigate the financial and reputational risks associated with cyber threats.

The main difference between full coverage and liability auto insurance is the extent of coverage the insurance company provides. Liability insurance covers damages you may cause to others in an accident, while full coverage includes liability coverage and also provides protection for your own injuries and damage to your own vehicle. Full coverage is often recommended for financed or leased vehicles, newer or more valuable automobiles, while liability coverage may be suitable for older cars or for those looking to minimize insurance costs.
Bodily Injury Liability Coverage:

$25,000 per person: This is the minimum amount of coverage required to pay for injuries sustained by a single person in an accident for which you are at fault.
$50,000 per accident: This is the minimum total amount of coverage required to pay for injuries sustained by multiple people in a single accident for which you are at fault.
Property Damage Liability Coverage:

$25,000 per accident: This is the minimum amount of coverage required to pay for property damage caused by you in an accident for which you are at fault.

Umbrella insurance or Excess Insurance is a type of liability insurance that provides additional coverage on top of your existing home, auto, or other primary insurance policies. It's designed to protect you financially in case you are held responsible for an accident, injury, or property damage that results in a lawsuit with damages that exceed the limits of your primary insurance policies.

It depends on the type of policy you own. But in general, unless you buy additional coverage, you won't be compensated for losses due to floods, earthquakes, nuclear accidents, wars, intentional damage, and normal wear and tear. Other exclusions may also apply.

A home can require a tremendous investment of money, time, and energy. Homeowners insurance is designed to protect that investment by insuring the actual structure or structures and the personal possessions in and around them, as well as providing liability protection for the residents. Through homeowner's insurance, you can protect yourself and your family from enormous loss in the event of damage or destruction to your home and property. Most likely, if you have a mortgage on your home, you are required to carry homeowner's insurance.

You can purchase additional coverage, through an endorsement to your existing policy or with a separate policy, to extend the limits of coverage for specific items.

After an accident or theft recovery, if the insurance company decides your car is "totaled," it means the estimate of repairs exceeds the car's value. At this point, the insurance company will likely send you a check for your car's value. It gets to keep your car unless you make arrangements to buy it back "as is".

If you were not at fault in the accident, you will make a third-party claim to the at-fault driver's insurance company. Because you are the claimant, the insurance company typically will issue the check directly to you. It's your responsibility to pay the repair shop, and the lender if you have a car loan. If the other driver doesn't have insurance, your uninsured motorist coverage will take effect.

If your car was stolen, be prepared to wait. Most insurance companies will impose a waiting period to see if the police recover your car. If your car is still missing after the waiting period, usually 21 days, you should receive a settlement soon after. If your car is recovered during the waiting period, the insurance company will want to see a repair estimate before deciding how to proceed.