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Santa Clarita, CA 91381

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Looking for New Health Insurance? Financial Health Insurance Terms You Should Familiarize Yourself With

If you are looking to purchase a new health insurance policy, the team at QuoteBroker Insurance Services, serving the greater Santa Clarita, CA area, can help you. One of the things that we strongly recommend is familiarizing yourself with financial terms that you may see on health insurance policies.

Knowing what these terms mean can make it easier for you to find the right policy for your needs:

Premium

Your premium is the amount you pay to carry health insurance. Some people pay this every month, while other people may pay the entire term of the policy, usually six or 12 months, up front. The premium is the cost simply to purchase your health insurance policy. 

Deductible

The deductible is the amount that you have to pay before your policy kicks in and starts paying for coverage. For example, if you have a $1,000 deductible, you will need to pay your first $1,000worth of medical bills before the insurance company pays for the rest of the costs. 

Co-Payment

Once you have met the terms of your deductible, you may have a co-payment. This is how much you will have to pay out of pocket for each doctor’s visit or for prescriptions. Co-pays are generally fairly low, usually ranging from around $20 to $50. 

Out-Of-Pocket Maximum

The final term you should know is the out-of-pocket maximum. This is how much you may have to pay out-of-pocket. Once you reach this amount, all of your medical expenses up to your maximum policy limit amount will be covered and you will no longer need to pay anything out of your own pockets. 

Get Health Insurance Today

When you are in the market for a new health insurance policy, look no further than QuoteBroker Insurance Services, serving the greater Santa Clarita, CA region. Our team can listen to what you want and need in a health insurance policy, and then get to work helping you to find the best policy for your needs. Reach out to us today to get started.      

Types of Business Insurance

When you own a small business, you are probably watching every penny that you spend. You may try to save money, by doing with less. That being said, it can be a mistake to skimp on your business insurance. 

In order to make sure that you have enough insurance for your business, you need to know more about the types of business insurance. QuoteBroker Insurance Services in Santa Clarita, CA can help you navigate this important insurance coverage.

The most common type of insurance is called the Business Owner’s Policy:

It includes general liability, commercial property insurance, and business income insurance. 

  • General liability insurance protects you if someone is injured on your property. It will cover medical expenses and other fees. General liability also covers damage that may occur to someone’s property. 
  • Commercial property insurance covers your building where your business is. It will cover your office whether you rent or buy the building. It also covers the equipment that you have in it. 
  • Business income insurance protects you if you are unable to run your business due to property damage. It will help you pay your bills, even though you aren’t able to make any money. 

You may also want to look into professional liability insurance

This is also called errors and omissions (E&O) insurance because it will cover your legal fees if you have made a mistake in your business. 

If you have a vehicle that you use for your business, you will need commercial automobile insurance

This works like regular automobile insurance. 

In order to be fully protected, you may also want umbrella insurance

This simply picks up where your regular insurance stops. 

Give Us A Call

In order to make sure that your small business is protected, you need to contact us today at QuoteBroker Insurance Services in Santa Clarita, CA.

Workers Comp Insurance Plan Options

Buying workers’ comp insurance from QuoteBroker Insurance Services doesn’t mean purchasing a standard policy. It is a policy tailored to your Santa Clarita, CA business.

Workers’ Compensation: What You Need To Know

Because each state administers its own workers’ compensation program, people sometimes think that every business buys the same exact policy. Instead, each business buys a workers’ comp policy designed specifically for it.

Your business’s workers comp policy covers the number of employees you hire. The size of your business, number of employees, and location of your business provide a guide for the premiums for your policy, but each state uses different policy requirements. If you move your business to California from another state, your workers’ comp policy will change.

Workers’ compensation policies must include coverage for medical treatments, disability benefits, vocational rehabilitation, and death and funeral services. You can add endorsements to cover other items though, such as alternative care, which includes items like acupuncture.

The items you can add as an endorsement also vary by state and underwriter. In some states, this policy extends to contractors and subcontractors working with your business.

If you have workers who frequently travel to other states, you can list these states in your declarations area of the policy. This means that your workers comp policy purchased in California will cover your workers when they travel to the states named. Otherwise, your worker might file a claim in the other state, for example, Oregon. Without having declared it in the policy, your insurance wouldn’t cover them, and you’d have to pay out of pocket.

Give Us A Call

Contact QuoteBroker Insurance Services serving Santa Clarita, CA for more information about workers’ compensation insurance. Let us help you customize your policy to perfectly cover your business.

Protect Your Assets With Umbrella Insurance

When you have many assets, it’s essential to protect them in case of an accident or a lawsuit. One way to do this is with umbrella insurance. This policy provides coverage above and beyond your regular homeowners or auto insurance.

Understanding an Umbrella Policy

An umbrella policy is a type of liability insurance. That means it can help protect you from lawsuits or claims against you. If you are liable for damages, your umbrella policy can help pay for them. It can also help cover the costs of your legal defense.

Most people don’t need an umbrella policy. But if you have significant assets, it’s something to consider. That’s because if you are sued and found liable for damages, your regular insurance policy might not cover all the costs. An umbrella policy can help fill in the gaps. QuoteBroker Insurance Services in Santa Clarita, CA can help you determine if an umbrella policy is right for you.

Umbrella Insurance and Your Assets

Your assets are everything you own. They include your home, savings, investments, and future earnings. If you are sued and liable for damages, your assets could be at risk. That’s why it’s crucial to have adequate insurance coverage.

An umbrella policy can help protect your assets in two ways. First, it can help pay for the damages you are liable for. Second, it can help cover the costs of your legal defense.

Contact QuoteBroker Insurance Services Today

If you’re looking for umbrella insurance in Santa Clarita, CA, contact QuoteBroker Insurance Services today. Our team of insurance experts will help you find the right policy for your needs. We’ll also answer questions you have about umbrella insurance.

Health Insurance Coverage Options in California

You can’t be at your very best if your health is failing you. Unfortunately, with the rising healthcare costs in America, financing your medical bills from your pocket can be taxing. As a result, at QuoteBroker Insurance Services, we advise our clients to invest in a sound health insurance plan to avoid running into a financial mess when diseases and injuries occur. 

Health Insurance Coverage Options in California

Like other insurance policies, health insurance isn’t one-size-fits-all coverage. There are several health insurance plans to answer different needs. These include:

  • Medicare: It’s an insurance plan for persons aged 65 and above. Also, certain younger persons with disabilities and patients with end-stage renal disease may be eligible for Medicare. Medicare is divided into parts A, B, C, and D. Your insurance agent should help you know the difference.
  • Medicaid: This insurance plan is for eligible low-income families, children, pregnant mothers, elderly persons, and people with disabilities.
  • Dental and vision health plans: Usually, your standard health insurance plan excludes dental and vision coverage. However, you can get separate policies to cover your dental and eye health.
  • Corporate health plans: Businesses don’t have to get an individual health insurance plan for every employee. There are corporate health plans designed for companies and organizations.
  • Individual health plan: You can purchase health insurance as an individual.
  • Group health plan: This health insurance plan targets groups like families.  

While health insurance isn’t mandatory in the US, it’s a worthwhile investment given that America’s health services are the most costly around the globe.

Protect your health today with health insurance in Santa Clarita, CA

Understanding health insurance in the US can be a nightmare. Thankfully, you don’t have to figure it out alone. If you are in Santa Clarita, CA, please get in touch with QuoteBroker Insurance Services, and we will help you choose a health insurance policy that suits your needs.

Buying Car Insurance in Santa Clarita, CA

Choosing the right car insurance is a vital decision. Buying a policy for your car, truck, or SUV in Santa Clarita, CA can be a challenge with the many options available. You want to ensure that you are getting the best coverage for your needs and following the law.

Car Insurance is a Requirement in California

All drivers in California are required to have car insurance. This includes liability insurance, which covers damages you may cause to others in an accident. When you go to register your vehicle, the DMV will require proof of insurance.

If you don’t have it, they will not register your car. You are also required to have uninsured motorist protection, which covers you if you are in an accident with someone who does not have insurance or if you are the victim of a hit-and-run driver.

What if You’re Caught Driving Without Insurance?

Driving any vehicle without insurance is a crime in California. If you’re caught, you’ll be fined and may have to pay a higher premium for future coverage. You may also have your license suspended. The best way to avoid these penalties is to make sure you have insurance before you drive.

Even if you’ve had a previous suspension or a not-so-stellar driving record, your QuoteBroker Insurance Services representative can help you get the best car insurance policy for your needs.

Advantages of Full Coverage Car Insurance

Most people in Santa Clarita, CA choose to buy full coverage car insurance. This type of policy covers you for damages to your car caused by an accident, theft, or vandalism. It also covers you if you cause an accident and someone is injured. If you have a loan on your vehicle, your lender will require full coverage.

Contact QuoteBroker Insurance Services for a quote today.

Common Commercial Insurance Exclusions

Commercial insurance is vital for any business venture in Santa Clarita, CA. It safeguards business entities against liabilities culminating in their daily activities like an injury at the workplace, property damage, and prevailing damage to reputation. Generally, commercial insurance covers mishaps and accidents which can transpire during ongoing business operations. Nonetheless, it’s also prudent to understand what commercial insurance excludes. With this in mind, QuoteBroker Insurance Services is here to share standard commercial insurance exclusions.

Liquor liability

When a given business entity engages in manufacturing, selling, and serving alcohol, it’s exempted from getting protection as there is no liquor liability. Therefore, a company must obtain a separate policy underwritten explicitly for the liquor risk.

Expected or intended damage

This risk is excluded when a given action is undertaken intentionally, and there is a high expectation of damage or injury from the activity. Commercial insurance won’t cushion you when you consciously engage in an action that is susceptible to a claim. For example, when you try to maneuver a forklift through a parking lot to load materials, you accidentally damage a motorcycle blocking your path.

Breach of contract

Your insurer is likely to dishonor any claim arising from a breach of contract. So, honor your contracts to avoid financial losses.

Pollution

When a given company releases contaminants due to its operations, there will be no compensation against such a claim. This exclusion stands irrespective of whether the pollutants get emitted gradually or abruptly.

Flood damage

Flooding isn’t covered by typical commercial insurance. However, you can purchase stand-alone insurance from private carriers or the National Flood Insurance Program (NFIP).

Are you a business owner in Santa Clarita, CA searching for commercial insurance? Please get in touch with QuoteBroker Insurance Services. We will help you navigate commercial insurance by educating you on what it covers and excludes.

Does your company have the appropriate amount of worker’s comp protection?

QuoteBroker Insurance Services is here to help businesses in the greater Santa Clarita, CA area with all of their insurance needs. If you have questions about commercial insurance or issues with worker’s comp protection, give us a call today.

Make sure you have the appropriate worker’s comp insurance in place

When an employee gets injured on the job there will likely be some financial impact on your company. Even if you are not at fault, a worker’s comp case may determine that you must bear some of the financial impacts. In most cases, your insurance will kick in and you will have some protection from the financial implications.

Because every situation is different, it can be difficult to determine the exact level of coverage that you should have in place. This amount can be determined in a number of different ways. Because of the variability of the amount you will need, along with the importance of this protection, it is a decision worth a lot of consideration.

Meeting with an insurance agent who understands the complexities of commercial insurance is advisable. By turning to a professional, local agent, you will be able to discuss your unique needs. If you find out that your company does not have adequate protection and needs to increase the amount of worker’s comp insurance that your firm carries, they will be able to help. 

Finding the right policy with the appropriate levels of coverage is very important. 

Don’t overlook this important part of protecting your business

Having the right amount of worker’s comp protection is an important part of business insurance. QuoteBroker Insurance Services is here to help business owners in the greater Santa Clarita, CA community with all of their insurance needs. Call today!

Why umbrella insurance is so important

QuoteBroker Insurance Services is here for business owners in the greater Santa Clarita, CA area. We know how hard it is to start and maintain a successful business in our area. We want to help you protect your investment and hard work. If your business has grown in recent years, it may be time to add an umbrella insurance policy to your portfolio.

The importance of umbrella insurance 

Umbrella insurance is essential for business owners that carry a lot of liability or have a lot of assets that need protecting. With an umbrella insurance policy in place, you will still be protected if and when your primary commercial policy is exhausted.

The main benefit of an umbrella policy is the protection it provides from personal liability. There are too many ways that you could find yourself in a situation where your primary policy has reached its policy limits and you still have a need for insurance coverage.

When you have an umbrella policy in place, it will provide coverage above and beyond the policy limit levels and maximum coverage amounts of your primary policy. It is important to have this additional protection in place for your business.

In today’s litigious world, it could take one frivolous or disingenuous lawsuit to wipe out all of the hard work that you have put into building and maintaining a successful business venture. Let us put the necessary protection in place!

Let us help you protect your business!

Business owners in the greater Santa Clarita, CA metro area can rely on QuoteBroker Insurance Services for all of their insurance needs. If it’s time for you to learn more about umbrella insurance, give us a call today and set up a consultation. We look forward to working with you!

Why it may be time to adjust your homeowner’s policy

Are you a homeowner in the greater Santa Clarita, CA area? The team at QuoteBroker Insurance Services is here to help you ensure that your homeowner’s policy is up to date. If it’s been a while since you have taken a close look at your policy, give us a call today and set up a review.

Is it time to adjust your homeowner’s policy?

The main reason you will need to adjust your homeowner’s policy is if you do a major upgrade to your home. People who put an addition on their home or complete a kitchen or bathroom update will have different insurance needs at the completion of those projects. These are just a few obvious examples, but here are other triggers that can create the need for a policy adjustment.

Our homes are likely our greatest investments, and it’s important to protect them. As you build equity in your house, it becomes an even more significant part of your overall financial portfolio. Additionally, in most markets, your home will gain value as time goes by. Whether you have made any significant improvements to your house or not, it’s important that your policy keeps pace with the house’s intrinsic asset value.

Find out more about your homeowner policy options today!

QuoteBroker Insurance Services is here to serve the insurance needs of the residents of Santa Clarita, CA. We understand that insurance policy review is a task that can easily fall through the cracks. Call or stop by today and let us help you take care of this important step in protecting your family home!

Business Insurance

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  • Commercial Property
  • Workers Compensation
  • Group Health
  • Professional Liability (E&O)
  • Bonds
  • Commercial Auto
  • Business Owners Policies (BOP)

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