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What You Need to Consider When Buying Small Business Insurance

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Every business, regardless of its size, is about managing risk, and smaller businesses are particularly vulnerable if something goes wrong either at their premises or with their daily routines. Our agents at DJ Kauffman Agency in Hutchinson, KS, will highlight a few key points to remember when purchasing commercial insurance.

A Round-up of Various Types of Business Insurance

The type of coverage you need and possibly more than one policy depends on your industry and the services you provide. Here are the most common policy types:

  • Business Owners: A combination of commercial property and general liability insurance.
  • General Liability: A policy covering liability lawsuits resulting from property damage, third-party injuries, and defamation or copyright infringement.
  • Commercial Property: Insurance that can be included with a business policy. It covers stolen, lost, or damaged business property.
  • Business Interruption: This may also be included in a business or commercial property policy. It offers protection if your business has to shut temporarily due to a covered peril.
  • Professional Liability: Also known as errors and omissions insurance, it covers lawsuits resulting from negligence, mistakes, and oversights in your work.
  • Commercial Auto: Covers property damage, medical expenses, and legal costs if your business vehicle is involved in an accident.
  • Workers Compensation: This covers lost wages and medical expenses due to work-related illnesses or injuries.

Understanding the Legally Required Insurance

Certain types of insurance may be legally required for your small business, depending on several factors. State laws, lenders, and the clients you serve may necessitate a certain level of coverage. Landlords of your commercial space may demand general liability policies to minimize third-party lawsuits and property damage.

Securing Your Company with Suitable Coverage

If your small business is in need of insurance, don’t hesitate to get in touch with DJ Kauffman Agency in Hutchinson, KS. Our team will provide the advice you need, and we can provide an estimate for the coverage you require.

Is Your Home Insurance Up to Date?

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Comprehensive home insurance is essential, and maintaining a robust policy necessitates updating it. But, you might question when an update is necessary and who can assist you with it. This is where DJ Kauffman Agency can provide support. If you reside in the Hutchinson, KS area and require a home policy, we are ready to help you obtain the coverage you need. There’s no justification to settle for less when you have the right team supporting you. Our trusted agents are prepared to serve you.

Your yearly policy renewal is usually the optimal occasion to update your home insurance, as, during this period, you can go through your policy details with your agent to ensure you have the most appropriate coverage suitable for your specific necessities. However, your renewal isn’t the only time you might want to update your policy. If you make any significant changes to your home or other aspects of your life, you might want to update your coverage accordingly. This helps in ensuring that you have the necessary protection and eliminates any potential gaps in your coverage level.

For instance, if you add a new annex to your home or install a swimming pool, you may want to revise your insurance coverage. If you’re uncertain whether something warrants an update, the best course of action is to contact one of our experienced agents and seek their guidance. This way, you are informed and can make an intelligent decision.

Feel free to contact us today at DJ Kauffman Agency if you’re in the Hutchinson, KS, area and looking to update or renew your home insurance policy. Whether you need policy modifications or a completely new policy for a new home purchase, we can assist you in getting the right coverage to fulfill your needs.

Three Reasons to Get Auto Insurance When You Get a New Car

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Getting auto insurance is crucial when you purchase a new vehicle. If you’re contemplating buying a new vehicle, this might be the perfect time to consider a new automobile insurance policy. At DJ Kauffman Agency in Hutchinson, KS, we assist drivers in finding the most suitable auto insurance policy for their needs. We collaborate with numerous carriers to ensure our clients have lots of options.

If you’re considering purchasing a new car, contact us today to learn more about the perfect auto insurance policy for you.

1. It’s the Law

Auto insurance is a necessity for everyone on the road as it is required by law. You are required to procure liability coverage, which pays for the repair or replacement of another driver’s vehicle if you’re at fault in an accident. However, liability insurance doesn’t cover the repair of your vehicle.

2. Your Lender Requires It

If you choose to get a car loan, your lender will most likely require you to get full-coverage auto insurance. This coverage compensates for repairing or replacing your vehicle if you’re involved in a collision, regardless of who was at fault. Full coverage also includes a variety of optional insurance types, such as roadside assistance and rental car reimbursement if you need to rent a car. At the same time, yours is being repaired following a covered incident.

3. Auto Insurance Provides Protection from Financial Risk

Auto insurance safeguards you from financial risk. Car accidents can be costly if you’re left to bear the expenses for repairs. Auto insurance helps protect you from such costs.

Get in touch with your insurance agent at DJ Kauffman Agency in Hutchinson, KS to gain more insights about auto insurance. Call us today.

Does Umbrella Insurance Cover Family Members?

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Do you own expensive assets, work in a business with a high incidence of lawsuits, or are planning on taking a trip abroad? If so, you may want to consider purchasing umbrella insurance coverage. It kicks in when you reach the liability limits of another insurance policy and covers bodily harm to other people, damage to property belonging to a third party, and incidents that occur outside the United States. Furthermore, it covers the cost of hiring a lawyer to represent you if you’re sued and the cost of paying a settlement or judgment.

Umbrella Insurance: What is and Isn’t Covered

Umbrella insurance covers your spouse and children for the same incidents for which you receive coverage. It’s ideal for many families as you only need to purchase a single policy to provide compensation for a vast range of incidents. However, it’s important to bear in mind that umbrella insurance doesn’t cover every possible scenario that could affect you and your immediate family. It doesn’t include intentional acts or injuries, including deliberately damaging someone’s property or harming a third party. It won’t cover business losses, damage arising from criminal acts you’ve committed, or losses related to a terrorist attack, war, or nuclear radiation. 

Get the Right Insurance from DJ Kauffman Agency in Hutchinson, KS

DJ Kauffman Agency has been serving Hutchinson, KS, since 2011. This small, family-owned business has a track record of providing its clients with top-tier customer service, personalized attention, and expert advice. If you’re looking for full coverage and are thinking about taking out an umbrella insurance policy, contact us to learn more about our options or to get a policy quote.

 

Should You Choose Whole Life or Term Life Insurance?

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When you know that you need life insurance, figuring out what you need and how much of it can be complicated. One of the most significant decisions is about the type of life insurance. There are whole-life policies and term-life policies, and there are a lot of differences between them. Understanding how these policies differ before you make your choice is a good idea.

When you need to find a life insurance plan, call DJ Kauffman Agency in Hutchinson, KS. 

Whole Life Insurance 

Whole life gets its name from the amount of time that the policy lasts – for your whole life. It never expires. It can’t be canceled as long as you pay for your policy. This allows people to have their policies still when they become elderly. Term life doesn’t work this way. But with whole life, you never have to try to get another policy. You can keep this one as long as you like. These policies also come with a cash value that becomes available for you to borrow over time. Term life policies don’t have this benefit. However, whole life policies are more expensive. Many people can’t fit this type of policy into their budgets. 

Term Life Insurance 

As the name suggests, this type of life insurance is suitable for a certain term. During that term, the policy is in effect. However, the term ends, and this causes the policy to expire. No cash value builds up, either. However, this type of life insurance is highly affordable. It’s often the best type for a family that has a tight budget and needs life insurance in place. 

Get Your Life Insurance Policy

Call us at DJ Kauffman Agency in Hutchinson, KS, if you need a policy. 

Auto Insurance for the Short and Long Haul

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Insurance isn’t for some drivers; it is for every driver, and it is also the law. However, the real question for drivers isn’t whether they need insurance but all the other details. How much is enough? How do I choose the right deductible? These and other questions are where the help of experienced and professional agents can help, and that’s why Hutchinson, KS drivers turn to the team at the DJ Kauffman Agency for all their auto insurance needs.

Auto Insurance for Every Mile

Some drivers put hundreds of miles on their vehicles weekly, while others barely drive. Then there are folks who drive their beat-up old jalopy to work every day and those folks who always drive their pride and joy. The point is that every driver has different insurance needs and goals. 

That is also why it is important to work with an agent who will take the time to listen and who has the experience to help with all your auto insurance needs. At the DJ Kauffman Agency, we are here to help you stay covered every mile, no matter what you drive, with insurance solutions that fit all your needs. That is auto insurance you can rely on for the short and long haul.

All Your Auto Insurance Solutions

If you drive a vehicle and live in or around the Hutchinson, KS, area, then the friendly and professional agents at the DJ Kauffman Agency are here to help with all your insurance questions and needs. Contact us to learn more about getting the right insurance solutions for you and your vehicle, and ride safely with the team at the DJ Kauffman Agency today.

Understanding Workers’ Compensation Insurance

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Navigating the world of workers’ compensation insurance can be complex, but both employers and employees in the greater Hutchinson, KS region must understand this vital coverage. Here’s important information from DJ Kauffman Agency to help you understand how workers’ compensation insurance works. 

What is Workers’ Compensation Insurance?

Workers’ compensation insurance is a coverage that provides benefits to employees who suffer work-related injuries or illnesses. It typically covers medical expenses, lost wages, rehabilitation costs, and, in unfortunate cases, death benefits for the dependents of deceased workers.

Employer Responsibilities

Employers in Kansas are generally required to carry workers’ compensation insurance to protect their employees in case of workplace accidents or injuries. Compliance with state regulations is essential to avoid legal penalties.

Employee Rights

Workers’ compensation insurance ensures that employees receive the necessary medical care and financial support if they are injured or fall ill due to their job. Employees have the right to file a claim for benefits without fear of retaliation from their employer.

Benefits of Workers’ Compensation Insurance

For employers, workers’ compensation insurance provides protection against lawsuits related to workplace injuries or illnesses. It also helps maintain employee morale and productivity by demonstrating a commitment to their well-being. For employees, workers’ compensation insurance offers peace of mind, knowing that they will be taken care of if they suffer a work-related injury or illness. It provides financial support during recovery, helping them focus on healing without worrying about medical bills or lost wages.

Workers’ compensation insurance is a crucial component of workplace safety and security for both employers and employees in the greater Hutchinson, KS region. If you have questions about workers’ compensation insurance or need assistance with your coverage, reach out to DJ Kauffman Agency today.

What home insurance covers and what it doesn’t

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Owning a home is both a joy and a burden. Worrying about everything that could go wrong and damage your home can lead to a lot of stress. Our independent agents at DJ Kauffman Agency in Hutchinson, KS, are here to help reduce that stress by ensuring you have the home insurance coverage you require. 

What home insurance covers

Property

The main structure, attached structures, and structures on your property are covered for various hazards, including fire, theft, and vandalism. 

Contents

The things inside your home are covered, but it is essential that you know the type of coverage you have and any limits you have on specific content. 

Liability

Being sued is a danger for all homeowners. Liability helps to protect your assets from a legal judgment against you and pays legal expenses. 

Loss of use

If a covered peril damages your home and is not habitable, this coverage will help pay for a place for you to stay until you can come back home. 

What home insurance doesn’t cover

Flood

Floods are not covered by traditional home insurance. You need to purchase a separate flood insurance policy. 

Earth movement

Home insurance does not cover earthquakes, mudslides, landslides, and sinkholes. 

Wear and tear

Things like your roof get old. This is not covered by home insurance. If your roof needs to be replaced, it is up to you to replace it unless a covered hazard damages it. 

Owner neglect

You need to do the necessary maintenance on your home, and if it is damaged because you didn’t do it, your home insurance won’t cover it. 

Our team at DJ Kauffman Agency in Hutchinson, KS, is here to offer help and support to homeowners through the right home insurance. Give our office a call today. 

Personalization in Policies: Tailoring Auto Insurance to Individual Needs

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The auto insurance industry is evolving, introducing personalized policies crafted to meet the distinct needs of each driver. Traditional insurance relies on standardized models that often struggle to address specific requirements, leading to gaps in coverage. At DJ Kauffman Agency, serving Hutchinson, KS, and neighboring areas, the significance of this transformation in insurance practices is deeply understood.

Personalized auto insurance transcends simple modifications in pricing structures. It prioritizes the intricate tailoring of coverage, taking into account complicated aspects such as usage patterns and the distinct needs of various vehicles. The ultimate goal is to deliver comprehensive protection that authentically resonates with and accommodates the individual requirements of each driver, departing from the limitations of standardized policies.

Moreover, the commitment extends beyond offering tailored coverage; it encompasses the secure handling and protection of sensitive data. Going above and beyond mere compliance, a culture of trust and reliability is fostered in the insurance services provided, especially within the realm of personalized coverage. This reliability instills a profound sense of assurance, reinforcing confidence in selected auto policies’ specifics and protective measures.

Step into an exploration of personalized insurance solutions precisely tailored to your unique driving habits and circumstances with DJ Kauffman Agency. Proudly serving Hutchinson, KS, and nearby regions, the unwavering dedication persists in advocating for customized options that intricately address specific needs. Connect today to delve into insurance solutions precisely aligned with your driving behaviors. Stay informed about the dynamic transformations occurring in auto insurance, enabling you to make informed and well-considered coverage decisions. Your journey towards personalized insurance, crafted to match your individual needs, starts today – reach out and explore tailored solutions that set the stage for a secure driving future.

Does Your Mechanic Shop Need Umbrella Insurance?

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Umbrella insurance policies are a standard option for mechanic businesses, but you’re unsure whether it’s right for you. Let our team at DJ Kauffman Agency help your Hutchinson, KS mechanic shop find a high-quality umbrella policy that works for your shop’s unique needs.

What Umbrella Insurance Covers 

Umbrella insurance is technically a type of extra liability coverage that pays for what your standard policy does not. All liability policies have a payout limit, meaning you’ll get stuck paying the rest. However, umbrella insurance covers that amount and then some to keep your facility safe.

It’s an option that makes sense for businesses like yours because you’re working with expensive machines and could seriously impact your customers’ lives. If you make a mistake that triggers a lawsuit, it could result in severe financial and legal issues if you don’t have umbrella protection.

Why It Might Be Great for You

While umbrella insurance might seem like a luxury you don’t need, it’s a smart option for mechanic shops. After all, you’re likely at a higher risk of liability lawsuits than many other businesses and deserve protection. Here are a few scenarios in which it might benefit you:

  • When your repairs cause a crash that seriously impacts your health and well-being
  • If you get sued for negligence when one of your repairs doesn’t work correctly and damages a vehicle 
  • When someone gets injured in your shop and sues you for failing to protect them properly

Finding a Policy You’ll Love

Our team at DJ Kauffman Agency is here to help your Hutchinson, KS mechanic shop find an umbrella insurance policy that makes sense for you. With the help of our crew, you’ll find the unique and effective policy that fits into your budget and provides the long-term support you deserve.