When Do I Review My Commercial Insurance Policy in Cheraw?

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Efficient business management involves maintaining appropriate insurance and documentation throughout the year to mitigate potential legal and financial risks. If you’re a business owner in Cheraw, SC, knowing when to review and reassess your existing commercial insurance policy is crucial to prevent coverage lapses. At Ingram Insurance, we assist our commercial clients in ensuring their current policies are always up-to-date and provide adequate coverage and protection when needed.

When to Review Your Commercial Insurance Policy

It’s recommended to review and reevaluate your commercial insurance policy at least once annually, or every 12 months. This allows you to assess risks, policy terms, and rate changes. Other times when an assessment may be necessary include:

  • When Hiring New Employees: Whenever you hire new employees, it’s important to consider your liability and workers’ compensation plans.
  • Relocation or Expansion: If you’re relocating your business or expanding your property, you may need additional zoning and property coverage. You’ll also want to consider potential structural endorsements and flood insurance needs, depending on your new operating location.
  • Investing in New Equipment: Whether it’s commercial vehicle fleets or a brand-new inventory, keep your equipment, inventory, and added vehicles in mind when reviewing commercial insurance policies.
  • New Products and Services: New services, such as deliveries or consulting services, may require you to update your liability profile and policy.

Understanding how to maintain your commercial insurance policy is crucial for business owners, regardless of their industry or specialty. If you’re a business owner in Cheraw, SC, there’s no need to second-guess your decisions when researching and reviewing your existing commercial policy. To learn more about your commercial policy and to request a professional review from a trusted provider, contact Ingram Insurance today.

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Does Home Insurance Cover Outbuildings?

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As a South Carolina homeowner, you’re likely aware that it’s pretty common to have outbuildings on your property. South Carolina’s temperate climate means that a great deal of living is done outdoors, so many homeowners are avid gardeners, woodworkers, and have similar interests. This means that your property may have a gardening shed, a woodworking shed, a playhouse for the kids, a man cave, a detached home office, or something else. As such, one of the questions that your insurance representative at Ingram Insurance serving Cheraw, SC is often asked is, "Does home insurance cover outbuildings?"

What is Covered?

"Other Structures" coverage typically protects detached buildings against the same risks covered for your main home, such as fire, wind, hail, theft, and vandalism. For example, if a hurricane damages your shed or a fire destroys your detached garage, your home insurance policy may help cover the cost of repairs or replacement. In South Carolina, where intense storms and hurricanes are possible, this protection is especially important.

Coverage Limits

Outbuildings are usually insured for a percentage of your home’s insured value, often around 10%. For instance, if your home is insured for $300,000, your outbuildings might have $30,000 in coverage. But if you have large or specially constructed buildings, such as a workshop with expensive tools or a horse barn, the basic limits may not be enough. In that case, you could increase your coverage by adding an endorsement.

What to Watch For

Outbuildings used for business purposes, such as a workshop where you operate a business, may require separate or additional insurance coverage. It’s essential to disclose how you use your outbuildings to ensure there are no gaps in protection.

If you have outbuildings on your property in South Carolina, reviewing your home insurance policy helps ensure they are adequately covered. A quick conversation with your agent at, Ingram Insurance in Cheraw, SC can help you and help protect all parts of your property.

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Three Things to Know About Buying Auto Insurance

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Purchasing a car for the first time in Cheraw, SC, comes with several responsibilities, including securing insurance. As a first-time buyer, it is crucial to educate yourself on what to expect when obtaining coverage to protect your new vehicle. Ingram Insurance can guide you through the process and help you find an affordable policy that suits your needs.

Deciphering the Components of an Auto Policy

Auto insurance policies have critical coverage sections: collision, comprehensive, and bodily injury liability. You’ll need to have minimum coverage in each of these areas to drive legally. Understanding what each of these terms means and what they cover will enable you to compare policy features among insurers effectively. Other terms you should familiarize yourself with include personal injury payments (PIP), property damage, and uninsured/underinsured motorist coverage. Some policies also offer roadside assistance and other benefits that enhance the value of the coverage.

Expect Higher Rates as a First-Time Owner

If you’ve never purchased auto insurance, you’re an unknown entity to insurers, even if you’ve previously been covered under a parent’s policy. Insurance companies also consider your driving history when determining rates. The less driving experience you have, the more likely you are to be involved in an accident and file a claim.

Save Money by Bundling Policies

One of the most common ways to save money on your auto insurance policy is to bundle it with other insurance lines. For instance, even if you don’t own a home, you can still receive a discount by bundling your auto policies with renter’s insurance to protect your personal belongings.

If you’re still unsure about buying auto insurance, don’t worry. The agents at Ingram Insurance, serving Cheraw, SC, will be happy to explain your policy options. Contact our office today to get started.

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Do Different Industries Need Different Commercial Insurance Products?

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Every business faces unique risks, which is why commercial insurance is never a one-size-fits-all solution. At Ingram Insurance, we work with businesses across various industries, serving the area in and around Cheraw, SC. One thing is clear: each industry has its own specific coverage needs.

Retail Businesses vs. Professional Services

A retail store has very different risks compared to a law firm or accounting office. Retail businesses deal with foot traffic, which increases the chances of customer injuries and property damage. General liability and property insurance are essential. On the other hand, professional service providers face risks related to errors in their work, making professional liability insurance (also known as errors and omissions insurance) a must-have.

Construction Companies vs. Restaurants

Construction companies handle heavy machinery, dangerous job sites, and strict regulations. Workers’ compensation and contractor’s liability insurance are critical to protecting both employees and the business. Restaurants, however, face their own set of risks, including foodborne illnesses, kitchen fires, and liquor liability. For this reason, restaurant owners need a tailored policy that includes general liability, property insurance, and food contamination coverage.

Technology Startups vs. Manufacturing Businesses

Tech startups often need cyber liability insurance to protect against data breaches and intellectual property disputes. Meanwhile, manufacturing businesses face risks related to equipment breakdowns, product liability, and supply chain disruptions. A well-rounded policy should include coverage for business interruptions and product recalls.

No matter what industry you’re in, having the right commercial insurance is essential for protecting your business. Ingram Insurance, providing commercial insurance throughout the greater Cheraw, SC region, can help you find coverage tailored to your industry’s unique needs. Contact us today to ensure your business is fully protected.

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Should I Tell My Insurer if I Have a New Swimming Pool?

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Adding a swimming pool to your property is an exciting way to create fun memories and increase your home’s value. However, it’s important to consider the insurance implications. At Ingram Insurance in Cheraw, SC, we often get asked whether homeowners should notify their insurers about a new pool. The short answer is yes.

Why Your Insurer Needs to Know

A swimming pool is more than just a fun addition—it’s also a liability. Unfortunately, pools increase the risk of accidents and injuries, which makes them a concern for insurers. By informing your insurance company about your new pool, they can adjust your policy to provide the coverage you need. This helps protect you if someone gets hurt or unexpected damage occurs.

Additionally, a swimming pool often increases the replacement cost of your home. If something catastrophic were to happen, such as a fire or natural disaster, you’ll want your insurance to account for the added value of the pool when rebuilding or repairing your property.

The Risks of Staying Silent

Failing to notify your insurer about your pool could lead to significant headaches. If an accident happens and your insurer isn’t aware of the pool, they may deny your claim. To avoid this, it’s always better to be upfront.

Protect Your Home and Pool

A swimming pool can bring years of enjoyment, but it’s essential to stay proactive about your insurance coverage. If you’ve added a pool or plan to, contact Ingram Insurance in Cheraw, SC, today. We’ll help you ensure your policy is current so you can dive into worry-free fun.

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I Want to Buy a Car and I Don’t Have Auto Insurance – What Now?

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If you’re planning to buy a car, one of the necessary steps is to secure auto insurance. Auto insurance is a requirement in most states, and if you’re purchasing a vehicle from a dealership, you’ll likely need to show proof of insurance before you can drive the car off the lot. Even if you’re buying from a private seller, you must comply with your state’s insurance laws before driving the vehicle for the first time.

The professionals at Ingram Insurance, serving Cheraw, SC, can help you get the insurance you need. We work with various insurance carriers to ensure our customers have options. When you’re ready to shop for car insurance, we’re here to assist!

Securing Auto Insurance

While you can’t get an auto insurance policy for a car you haven’t purchased, you can contact your insurance agent to discuss your plans and prepare a potential policy. Let us know when you’re shopping for a car, so we can ensure someone is ready to assist you when you’re finalizing the car-buying process.

Timing for Auto Insurance

Buying a car takes time. As you finalize the process, contact your insurance agent to ensure you have the necessary coverage for the vehicle you want.

Choosing the Right Auto Insurance

There are several types of auto insurance, including liability only, collision insurance, comprehensive insurance, and full coverage. Your auto lender may require you to get full coverage auto insurance, or you may have a choice of other policies. The professionals at Ingram Insurance, serving Cheraw, SC, can help you decide which type of insurance policy is right for you.

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Does My Business Need Cyber Insurance?

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Does your business really need cyber insurance? The answer for most businesses is yes! This specific type of commercial insurance comes in handy in many different situations, and it’s a must for most of today’s companies. To learn more about cyber insurance, you can call us at Ingram Insurance in Cheraw, SC.

Data in the System

If you use a computer or computer system for your business, chances are that you save data on them. Your network will likely have the personal data of employees as well as some data about customers. It may have payment data, personal data, or both for customers or clients. When you have all of this data, it’s always possible for it to be stolen. Data breaches are increasingly common, and they are only growing in numbers. Many companies face financial devastation after a data breach. To keep that from happening, there’s cyber insurance.

Data Breach Liability

When a data breach occurs, a lot of data can get into the wrong hands. This can be used to steal credit card numbers that can be used or sold. There’s also an active market for other personal information like passwords. Once this happens, it can cost a lot for a company to take care of the problem. There may be a huge number of hours needed to stop the breach and/or recover stolen information. This may include monetary payments to those who had their data stolen. With cyber insurance, these issues can be covered by the policy.

Get Cyber Insurance in Cheraw!

Most companies today depend on their computer networks. When one is damaged, it can be incredibly costly to fix. To get cyber insurance, call Ingram Insurance in Cheraw, SC.

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Seasonal Home Maintenance Tips to Prevent Insurance Claims

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As the seasons change, so do your home’s maintenance needs. Keeping up with these tasks can help you avoid unexpected insurance claims. At Ingram Insurance in Cheraw, SC, we want to ensure your home stays safe and sound all year round.

Spring: A Fresh Start for Your Home

Spring is the perfect time to inspect your roof for any damage from winter storms. Check for missing shingles and clear out gutters to prevent water damage. Thoroughly cleaning your home’s exterior, including windows and siding, can also reveal any necessary repairs.

Summer: Keeping It Cool and Secure

In the summer heat, schedule a professional service to ensure your air conditioning system is in top shape. Trim trees and bushes away from your home to reduce the risk of storm damage. It’s also a good time to check for cracks in your foundation that could lead to water intrusion.

Fall: Preparing for the Cold

As temperatures drop, ensure your heating system is ready for the winter months. Have it inspected and serviced to avoid breakdowns. Clean out chimneys and fireplaces to prevent fire hazards. Inspect and seal any gaps in windows and doors to keep your home energy-efficient and cozy.

Winter: Prioritizing Safety

Winterize your plumbing by insulating pipes to prevent freezing and bursting. Regularly check for ice dams on your roof, which can cause leaks and water damage. Ensure walkways are clear of ice and snow to prevent slips and falls.

Protecting Your Home

By taking these preventative steps, you can reduce the risk of damage to your home. For more tips on protecting your property or to review your home insurance policy, contact Ingram Insurance in Cheraw, SC. We’re here to help you safeguard your home.

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How Do Collision and Comprehensive Insurance Differ?

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The sum of liability, collision, and comprehensive insurance is often acknowledged as a full auto insurance cover. They provide you with varying levels of protection against financial losses if you’re at fault in an incident. South Carolina law makes auto liability insurance mandatory, providing protection for bodily injury and property damage and coverage for situations involving uninsured motorists. The law doesn’t, however, enforce collision or comprehensive insurance, both of which pay for damages to your vehicle under specific circumstances. If auto insurance seems like a maze, connect with the Ingram Insurance team serving Cheraw, SC. We can help tailor the most suitable insurance plan for your needs.

Collision vs. Comprehensive Insurance

Collision and comprehensive auto insurance deal with situations where your vehicle has been damaged. Collision coverage applies when your vehicle collects damage from an at-fault accident. Comprehensive insurance, on the other hand, covers damage not caused by a collision. This could include scenarios like theft, hail damage, collisions with animals, falling trees or branches, and even vandalism.

While the law doesn’t require collision or comprehensive insurance, your lender may require both coverage types if you lease the vehicle or pay for it via loan. For those owning their vehicles outright, deciding to take collision or comprehensive coverage becomes optional. Usually, owners of newer vehicles opt for both. At the same time, the coverage is often dropped as the vehicle ages due to the lower value and potential repair costs involved with older cars.

Experience the Ingram Insurance Difference

If you reside in or near Cheraw, SC, the Ingram Insurance team is ready to assist with all your auto and comprehensive insurance needs. Come by in person or call us today for a personalized insurance plan that effectively meets your requirements.

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Key Things to Know about Commercial Cyber Insurance

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Understanding Commercial Cyber Insurance and Its Importance

While computers have vastly simplified various aspects of running a business, they also present a new set of challenges, primarily the threat of cybercrime. This threat isn’t exclusive to businesses that are household names or companies that are listed on Forbes’ list of the top 100 businesses. Every business is vulnerable. This is why business owners in and around the Buford, GA, area entrust their commercial insurance needs and concerns to the knowledgeable and friendly team at Town & Country Insurance.

Coverage That Extends Beyond Business Boundaries

Every business, large, midsize, or small, is audited by a professional agent to identify potential gaps in existing coverage. Cybercrimes exploit these gaps, and unpredictability is the key challenge in preventing them. This unpredictability can inflict severe damages that might exceed the limits of the primary insurance coverage, incurring significant unexpected expenses. That’s precisely where commercial cyber insurance fits in, providing additional coverage to shield your business from such unforeseen costs.

Towards Comprehensive Protection for Your Business

The concept of commercial cyber insurance could be quite daunting, especially for business owners in the Buford, GA, area. Town & Country Insurance has the necessary expertise to ensure your business gets the right coverage. Our professional team can guide you through all your commercial insurance needs, providing sufficient protection against potential cyber threats that might compromise your business’s prosperity. Contact us today to schedule an appointment to provide your business with the enhanced protection it deserves.

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