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Cheraw, SC 29520

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What are the risks of not having commercial insurance?

If you are a business owner, you know how stressful owning a business can be. There are so many things you have to consider and think about when running a business. One of these things is business insurance. Some business owners decide to skip it in order to avoid additional expenses. In this article, we are going to explain why not having commercial insurance is a bad idea and what the risks of this decision are:

What are the risks of not having commercial insurance?

If you decide not to get business insurance and run a business without it, here is a list of things you should be prepared for:

  • Financial risks. If you operate your business without insurance, you put your business at a much higher risk. There are different unpredictable and unfortunate events that can happen at any time: natural disasters, fire, vandalism, theft, and more. If you do not have business insurance, you leave your company exposed to all these events without any protection.
  • Loss of your assets. If you run a business, you probably own certain assets, such as a commercial building, equipment, your products, etc. Without commercial insurance, they remain uncovered and unprotected. That means that if something happens to them, whether they are damaged or stolen, you will have to pay for their repairs or replacements out of pocket.
  • Breaking the law. In South Carolina, if you are a business owner and employ four or more employees, you must have workers’ compensation. If you fail to do so, you may face high charges and fines.

Are you a business owner operating your business in Cheraw, SC, or any other town in South Carolina? Are you thinking about purchasing business insurance, or do you want to know more about it? Ingram Insurance is an experienced local insurance agency that works with clients in Cheraw, SC, and other surrounding areas and specializes in different insurance types. At Ingram Insurance, we help our clients find the best policy based on their insurance needs and budget. Feel free to give us a call to learn more.

Do Newer Homes in Cheraw, SC Require More Home Insurance Coverage or Less?

Whether it’s an old or new home in Cheraw, SC, you will need home insurance coverage. However, you may wonder if your newer home comes with home insurance considerations specifically because it’s a newer home. At Ingram Insurance, we want you to make an informed home insurance choice. To that end, here are a few things to consider regarding home insurance for newer homes.

Why Newer Homes Might Have Different Insurance Needs

A newer home typically involves improved, modern building techniques, safer construction methods and materials, and a likely increase in safety-based technology options. All these things can affect an insurance premium.

For example, modern building techniques can mean an inherently safer structure or capable of dealing with extreme weather conditions. You may expect your insurance premium to decrease somewhat in such a case. By contrast, adding technology to the structure can increase its value, potentially increasing the insurance premium.

What Matters When It Comes to Home Insurance Coverage

Your premium will depend on a host of other factors far beyond the year of your home’s construction. For example, does your home have amenities that create liabilities? Swimming pools and outdoor kitchens add value to a home but can also add more potential risks. Then, there are the typical considerations such as location, size, and personal belongings to cover.

Ultimately, the amount of home insurance coverage for a newer home will depend on your personal needs, unique situation, and goals. Just as an older home may have specific insurance coverage needs, so does a newer home. However, in both cases, those needs will depend entirely on a full suite of considerations, not just the property’s age.

Work with a reputable insurer to find the coverage options most suitable for your home and your budget. If you’re looking for home insurance for a newer or older home in Cheraw, SC, contact Ingram Insurance today.

What to Know When Getting Auto Insurance for an EV

As electric vehicles (EVs) become increasingly popular, prospective and current owners need to understand the unique aspects of insuring these vehicles. At Ingram Insurance, we can help drivers in Cheraw, SC find auto insurance for their EVs. Here are a few things you should know to get started.

Understanding the Premiums for EVs

Insurance premiums for EVs can differ from those for gasoline vehicles. The reasons are multifaceted.

EVs often have higher purchase prices, and their repair costs can be greater due to specialized parts and the expertise required for maintenance. They also frequently have more driver assist features, which can be quite expensive to fix. These can all raise comprehensive and collision rates.

At the same time, liability rates may be lower because of the many driver-assist safety features that most EVs come with.

Comprehensive Coverage is Key

Given the sophisticated technology onboard EVs, including batteries and electric motors, we at Ingram Insurance often recommend that Cheraw, SC drivers get comprehensive coverage. Even though it might be a bit more, premiums are nowhere near how much repairing an EV could be.

Consider Battery Coverage

The battery is your EV’s heart and one of its most expensive components. Some auto insurance policies for electric vehicles include specific coverage for the battery pack. Our agents can help you check which insurers offer battery coverage.

Charging Equipment Coverage

Finally, don’t overlook insurance for your home charging station. This equipment may require additional coverage beyond your standard homeowner’s policy. 

Get Auto Insurance for Your EV

Whether you’re new to the world of EVs or looking to update your policy, our team is here to provide expert guidance and support. Contact us today to find a good auto insurance policy for your electric vehicle.

Commercial Insurance Coverage Essentials for Your Retail Store

Enhancing Your Retail Store Insurance Coverage

Business owners frequently grapple with unforeseen adversities such as inventory damage or unanticipated theft. Are you fully equipped to handle these setbacks? Adequate insurance coverage is essential for your retail store. This blog outlines critical steps in building your insurance plan.

Layout and Region

Firstly, evaluate your business layout, considering how easy it is for potential criminals to gain access. The location of your business significantly matters. In crime-prone areas, anxiety over security may constantly loom over your business operations. Beefing up your store’s insurance coverage ensures 24/7 protection in such instances.

Value of Goods

Moreover, take into consideration the value of goods stored in your facility. With a large inventory, you face a high risk of severe financial loss in cases of theft or damage. You can avert a financial calamity by hiking up your business’s insurance coverage. Note down all equipment, office materials, machinery, and valuable inventory items you wish to incorporate into your commercial insurance policy.

Security

Implementing suitable security measures, using them consistently, and equipping your retail store with security features are crucial responsibilities. This can considerably curtail the risk of burglary, defacement, and damage.

Contact Ingram Insurance

Our agents at Ingram Insurance are always ready to assist you. Contact our team if you are in Cheraw, SC, to update your commercial insurance policy. Get started with a quote!

Renovations That Can Affect Your Home Insurance

Many home renovations can impact the value of your property and increase or decrease the cost of your current homeowner insurance policy, while others may not have that much of an impact. Ingram Insurance in Cheraw, SC is here to help you navigate your options. 

Here are four popular renovations that may affect your insurance policy:

1. Increasing the Square Footage of Your Home

Regardless of its intended use, adding living space to your home increases the square footage and its replacement value, which is a factor in your property’s value. Your homeowner’s insurance cost is likely to rise in accordance with the amount of the addition’s new square footage.

2. Adding Major Outdoor Installations

Many of life’s most memorable moments are spent in the backyard where you can be stress-free and enjoy privacy. Two additions that are often called “attractive nuisances” can pose certain safety risks, especially for children. Two of the most common backyard additions are swimming pools and trampolines, both of which are likely to increase coverage costs.

3. Installing a Security System

Homes with security systems (either monitored or unmonitored) enjoy greater protection from criminals and increase the owner’s peace of mind. Burglar alarms, water leak detectors, steel doors, and deadbolts can help lower home insurance premiums.

4. Renovating a Bathroom or Kitchen

Kitchen and bathroom remodeling are two of the most costly home upgrades owners can make and be both risky and challenging to navigate. Making certain that you have proper amounts of insurance coverage in place can minimize any unexpected issues or mishaps that arise during the project.

Call Your Agent About Home Upgrades & Your Home Insurance Policy

Before making renovations, you can contact your insurer about potential policy increases or decreases, but you definitely need to let them know immediately afterward to ensure you’re covered. Let us be your home insurance provider of choice at Ingram Insurance in Cheraw, SC.

If You’re Confused About Auto Insurance, Read This Quick Guide!

Are you about to buy auto insurance for the first time and feel absolutely baffled? Well, our team at Ingram Insurance can help Cheraw, SC drivers understand their policies and provide the guide that you need through this important and potentially rewarding process.

Price Factors

Have you looked at policy pricing and had no idea how it was decided? Here are some factors that affect it:

  • Your age
  • Driving history 
  • Marital status
  • Gender
  • Current location 
  • Credit scores 

Collision and Comprehensive Coverage

Comprehensive coverage is designed to protect you from issues caused by non-collision issues, such as fire, flood, hail, deer, and vandalism. Collision helps when you hit anything while driving, and you’re at fault. Both are important options to add to your policy.

Bundling Policies 

Did you know that you can bundle different insurance policies if you get them from the same provider? So, if your parents or partner has a policy, you can get one from the same provider and even save money. Furthermore, you can also get home and even life insurance in this way. 

Other Drivers are Protected 

If your brother borrows your car and gets into an accident, will your insurance pay? Absolutely! Your policy follows the car, not the driver. In the same way, your policy won’t protect you if you drive a different car, so make sure every vehicle you drive has insurance. 

Lapses are a Problem 

We know that it might seem pricey to pay your policy every month. But if you don’t keep your insurance up to date, you’ll end up lapsing and could lose coverage. When you get it again, you’ll have to pay even more.

We’re Here to Help 

Contact us at Ingram Insurance if you’re still confused about your Cheraw, SC insurance protection. Our team will provide the help you need to choose a policy that fits your budget.

3 Features to Look for When Choosing a Commercial Policy

Ingram Insurance is proud to serve business owners and operators located in Cheraw, SC and the surrounding area. If you want to make sure that you have the coverage you need, you can count on us to review your current commercial policy for completeness. Contact our office today to schedule a consultation.

Main Features to Look for When Choosing a Commercial Policy

  1. Comprehensive Protection – it’s important that your commercial policy includes the features and benefits that are most important to your company. Your local agent can review your policy with you to identify any gaps in coverage.
  2. Inventory and Equipment Coverage – you’ll want your inventory coverage to protect you at its highest levels. If you own a business that experiences fluctuations in inventory levels throughout the year, be sure to have the correct amount of protection in place. Equipment valuation is another important part of obtaining and maintaining the proper level of coverage.
  3. Robust Protection from Liability – as your business grows, so too does your need for liability protection. Don’t overlook this important part of your insurance portfolio. And it’s also a great idea to speak with one of our local agents about the possibility of adding an umbrella policy to your commercial insurance portfolio.

Schedule a consultation today to review your current insurance policies for completeness.

Trust Our Team for All Your Commercial Insurance Needs

Business owners and operators in Cheraw, SC and nearby communities trust the team at Ingram Insurance. Contact our office today to learn more about the comprehensive commercial policy options currently available in our area. We look forward to working with you!

Why You Need the Protection of Home Insurance

When you are a homeowner, it’s important to have home insurance from the day you buy your home. It’s required for many people to keep a policy. Any lender will have you get this insurance and keep it. HOAs and other community organizations may also require it. When you have home insurance, it protects you in various ways against the many risks your home and belongings may face. When you are in need of a home policy, call us at Ingram Insurance in Cheraw, SC. 

Home Protection

One of the biggest ways that home insurance protects is by giving protection to your home against many different accidents and incidents. Specific disasters and calamities can happen to a home and cause it a great deal of damage. This can be extremely expensive to get fixed if you don’t have a home insurance policy. If you do have home insurance, the policy can take on the repair bills. This can save you an enormous amount. 

Items Protection

In addition to protection for your home, this insurance also supplies protection for the items you have in your home. The coverage protects your belongings against the same type of damaging events that it protects your home against. It can pay for replacing your items so you can get back to your life again after so much damage has happened. 

Liability Protection

These policies also have an amount of coverage for liability. This covers you against medical bills and other costs if someone has an accident on your property. Those medical bills and other expenses, like lost wages, can be high. Don’t go without the protection you need to pay those bills. 

Get Your Home Insurance Policy

When you need home insurance, don’t wait. Call us at Ingram Insurance in Cheraw, SC to get started. 

How can I benefit from having an auto insurance plan in South Carolina?

Owning a car is a good option for many in the Cheraw, SC area. If you are going to buy one here, it is very important that you also think about your insurance needs. When you have a proper auto insurance plan in place, you can benefit in a variety of ways that will make it a great investment. 

You Will Meet All Requirements

One benefit that is received when you continue to carry an auto insurance plan in this state is that you will comply with requirements. Having auto coverage is necessary in most situations. When you take out a loan, you will be required to carry coverage to meet lender standards. Further, to drive a car in South Carolina, you will need to have liability coverage. If you have a full auto insurance plan at all times, you will meet such requirements and can avoid being penalized.

You Will Receive Appropriate Coverage

It is also a good idea to have an auto insurance plan to receive all the coverage it can provide. A standard auto insurance plan will offer both coverage for your vehicle and liability coverage. With this support, you will have financial protection to cover a liability claim if you are responsible for an accident as well as protection for your car if you incur a covered loss.

Reach Out To Us

It is always helpful to have an auto insurance plan when you are going to buy a car in the Cheraw, SC area. If you are looking for this coverage here, you can call our team with Ingram Insurance to start the search. Our professionals at Ingram Insurance know the value of this coverage and will offer the help you need to build a policy that is right for your situation. 

How commercial insurance can save your small business

All businesses face risks daily, but small businesses are more vulnerable because they don’t have the same assets as large businesses. No insurance can protect your business from every risk, but commercial insurance is designed to offer the most protection possible. At Ingram Insurance in Cheraw, SC, we are independent insurance agents with the expertise and experience to provide our customers with the level of service they expect. 

Not every small business will need every type of potential commercial insurance, but some types are universally useful. 

Commercial property insurance

Commercial property insurance will cover the building where your business is located if you own the building, but it does more than that. It is valuable even if you are renting your location, it covers the things you use in your business. That can be things like office equipment, inventory, display units, raw materials, tools, and anything that you need to conduct your business. 

Commercial liability insurance

Being sued is one of the most common risks that all business face. You can be sued by an unhappy customer, by someone who was injured while visiting your business, or by something that you produce. You can even be sued by an employee who is unhappy. All of these pose dangers to your business’s survival. Commercial liability insurance will pay a judgment against you and legal costs up to the limit of the policy. 

Worker compensation insurance

The state of South Carolina requires that businesses that employ four or more employees provide worker compensation. There are some exceptions for casual workers who don’t work regular hours and employers who have a payroll of less than $3000 annually. Worker compensation protects workers but also employers. 

Contact us

When you are ready to discuss your commercial needs, give us a call at Ingram Insurance in Cheraw, SC. 

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