Insuring your home correctly

Insuring Your Home Correctly
Of all the assets you own, it is likely your home is the most valuable and the one you cherish the most. Because of this, you want to make sure you have home insurance that adequately covers all necessary expenses and other items associated with your home. Yet when starting the process of buying insurance for your home, you may not know everything you need to in order to make the best decision. To help with this, here are several key points you should always keep in mind during your search.

Rebuilding Costs
When purchasing home insurance, always make sure you take into account the costs that would be associated with rebuilding your home. Should the unthinkable happen such as a fire or a tree falling down on your home, you’ll need to have insurance coverage that will provide you the funding needed for the rebuilding effort.

Your Home’s Contents
While you may not think about it very often, the fact is you have plenty of items in your home. Once you start doing a room-to-room inventory, you’ll quickly discover your kitchen, living room, dining room, bedrooms, and other rooms in your home have lots of furniture and other items whose value can quickly add up. Therefore, before purchasing your home insurance, have a general idea of the value of your home’s contents and how much it would cost to replace everything if necessary.

In almost any home, there will be various types of valuables. Whether this includes antique furniture, valuable jewelry handed down from generation to generation, artwork, or more current valuables such as watches, cameras, or sports equipment, these should always be given careful consideration when buying home insurance. If possible, it is usually a good idea to have these items appraised before buying your insurance. By doing so, you’ll have a much better idea as to how much coverage you will need.

Accidental Damages
No matter how careful you are in and around your home, there is always the chance an accident will take place. Whether this involves a motorist crashing into your property or pipes that burst and cause water damage to your basement, these situations need to be fixed immediately and often require significant amounts of money.

By taking these and other aspects into account, you will be able to purchase your home insurance while making sure you’ll have enough money to cover whatever comes your way.

Best regards,                 

Gary Hanson       II

Professional Insurance Strategies

P: (623) 463-9000  •  F: (623) 463-9001  •  E:

2822 W Northern Ave.  •  Phoenix, AZ 85051

15331 W. Bell Rd, Ste 212, Surprise, AZ 85374

Mailing Address: 3655 W Anthem Way Ste. A 109 #283 • Anthem, AZ 85086 

Auto*Home*Life*Commercial*Bonds*Workers Compensation*Property

Cannabis Business & Liability Insurance

As marijuana has been legalized in more parts of the United States, numerous cannabis businesses have emerged in an attempt to cash in on what many experts believe will be a multi-million dollar industry in the years ahead. But just like any other type of business, these companies need various types of insurance to protect them from liability and other issues. To learn more about this, here is some additional information regarding cannabis business & liability insurance.

General Liability
With this coverage, the policy will pay out if the business becomes liable for bodily injuries and property damages occurring on the premises or due to the product or operations. Along with this, medical payments and expenses will be covered, no matter who is at fault.

Crop Insurance
An extremely important aspect of cannabis business & liability insurance, crop insurance covers a crop through the growing cycle. While it offers protection against such indoor and outdoor hazards as fire, temperatures, soot, and water, there are certain areas in which protection does not apply. With most policies, these areas will include:
–Fertilization Issues
In most cases, these areas where coverage does not apply are found in policies for traditional agricultural crops as well.

This part of cannabis business & liability insurance covers losses to such things as buildings, machinery, personal property, and business income due to fire, theft, vandalism, and water. With most businesses this is very important coverage to have, since they often have to use vehicles to transport finished stock. Unfortunately, many of these vehicles become targets for theft. If this happens, property insurance will cover any losses.

Workers Compensation
As with any business, workers compensation is a crucial aspect of insurance coverage. By having this as part of a company’s cannabis business & liability insurance, three primary areas are covered in the event employees are injured on the job, which include:
–Medical expenses
–Lost wages
–Accidental death or dismemberment
By having this insurance coverage, an employee who receives workers compensation is often not allowed to pursue a lawsuit against their employer, which can ultimately save a company from potential financial ruin.

Cyber Liability
A relatively new aspect of cannabis business & liability insurance, cyber liability coverage protects a company against cyber threats and data breach events. In doing so, it will cover such aspects as business interruption, funds transfer loss, cyber extortion, and losses resulting from identity theft.

Best regards,
Gary Hanson

Professional Insurance Strategies
P: (623) 463-9000 • F: (623) 463-9001 • E:
2822 W Northern Ave. • Phoenix, AZ 85051
15331 W. Bell Rd, Ste 212, Surprise, AZ 85374
Mailing Address: 3655 W Anthem Way Ste. A 109 #283 • Anthem, AZ 85086
Auto*Home*Life*Commercial*Bonds*Workers Compensation*Property

Insurance for Apartment Buildings

Apartment insurance for landlords and investors is invaluable for protecting against legal, financial and natural disasters. The policies and coverage types available are wide and varied. Companies typically offer coverage based on individual needs. Commercial property insurance options commonly vary from state to state. A local insurance agency can provide landlords and investors with available options based on location and the specifics of the property.

Basic Coverage

Commercial property coverage is based on a number of factors, which include:

• The location, age, size and type of the building
• The age of the roof and HVAC systems
• The presence of appliances in the apartments
• The presence of a clubhouse, fitness center, laundry room, swimming pool and other outdoor buildings
• Indoor and outdoor furnishings
• Updated fire and security protection systems

Basic coverage protects the dwelling, other buildings and structures along with the insured contents in the event of a fire, a storm or damages from theft or vandalism.

Coverage Options

Commercial property owners might also consider opting for additional coverage beyond the basic apartment insurance for landlords and investors. These add-ons include:

• Rental Income Loss-In the event one or more apartments suffer damage and cannot be inhabited, the protection pays the property owner for the loss of income.

• Personal Liability-The coverage protects property owners in case a tenant or other person should suffer an injury while on the property.

• Debris Removal-The coverage helps pay the clean-up expenses following covered property damage.

• Emergency Property Removal-The option pays for emergency property removal.

• Loss Repair Coverage-Pays the expenses for repairing property that suffered additional damage after the initial incident.

• Fire Department Fees-The coverage provides a pre-determined service charge to cover the cost of fire department fees.

• Landscape Coverage-In the event that lawns, plants, shrubbery or trees suffer damage due to covered incidents, the additional protection pays for the loss.

Additional Coverage

Individuals seeking apartment insurance for landlords and investors typically focus on the main structures and contents. However, there are other aspects of the property and liability to consider protecting.

• Loss assessments
• Computers and other on-site office equipment
• Personal effects
• Off-site coverage
• Transportation
• Automatic indoor and landscape sprinkler systems
• Wind damage incurred by landscape
• Earthquake damages
• Marina structures
• Comprehensive personal liability
• Construction risk or theft
• Automatic coverage on newly constructed structures
• Miscellaneous expenses
• Wrongful eviction
• Privacy invasion

First and foremost, property owners want to protect their investment. Adequate coverage ensures that landlords and investors have enough protection of pay for replacement costs.

Best regards,
Gary Hanson
Professional Insurance Strategies
P: (602) 481-0161 • F: (623) 463-9001 • E:
Physical Address: 2822 W Northern Ave. • Phoenix, AZ 85051
Mailing Address: 3655 W Anthem Way Ste. A 109 #283 • Anthem, AZ 85086
Auto*Home*Life*Commercial*Bonds*Workers Compensation*Property

Proper Insurance Coverage for Apartment Complex Owners

Regardless of whether you own a smaller apartment complex with a dozen units or less or you own a much larger property, the property is understandably a large investment that you want to insure. If you have a mortgage against the property, your lender typically will require you to maintain a multifamily insurance policy with specific minimum coverage types and limits. Insuring apartments in Arizona may be essential, but the type of coverage that you purchase plays a major role in how effective and protective the policy is to you.

Liability Coverage
One of the more important types of coverage to consider when insuring apartments in Arizona is liability coverage. This type of insurance pays other parties and does not provide you with any compensation. Other parties may sue you for damages, such as if they are injured on your property because of negligent property maintenance. This is only one of many types of liability situations that you may face. Coverage may pay for legal costs associated with a lawsuit, a settlement outside of the courtroom or a court-ordered judgment. Before buying this type of coverage, it is important to understand all of the liability risks that you may face as a commercial property owner and the potential costs associated with those risks.

Building Repair or Replacement Coverage
In addition to liability risks, there are also financial risks associated with property damage. Building or property coverage may pay for repairs or even for a full building replacement when the property is damaged by fire, windstorm and many other events. Keep in mind that flood insurance typically needs to be purchased as a separate coverage. This type of coverage is not usually necessary when insuring apartments in Arizona, but you should research flood plans to determine what your property’s risk is. When insuring apartments in Arizona, remember that you do not need to insure the value of the land. Insurance coverage should be in an amount required to completely replace the building in a worst-case scenario. Land is never destroyed, so it does not require coverage.

In addition to focusing on the types of coverage for apartments and their limits, you should choose an affordable deductible. A common deductible amount when insuring apartments in Arizona is one percent of the property’s value. However, this can be a small fortune when you own a larger apartment complex. Always ensure that the deductible is affordable for you to pay at a moment’s notice. Keeping an equivalent amount of money in a savings or money market account is a smart idea.

Best regards,
Gary Hanson
Professional Insurance Strategies
P: (602) 481-0161 • F: (623) 463-9001 • E:
Physical Address: 2822 W Northern Ave. • Phoenix, AZ 85051
Mailing Address: 3655 W Anthem Way Ste. A 109 #283 • Anthem, AZ 85086
Auto*Home*Life*Commercial*Bonds*Workers Compensation*Property

Workers Compensation Claims Issues in Arizona

Workers’ Compensation in Arizona provides critical benefits to people who are injured or disabled while working. An injury can lead to a partial or full disability that is temporary or permanent. Despite the law that lays out details like the time limits on filing claims and caps on benefits, a variety of work comp claims issues can arise, like miscalculated benefits or denied claims that must be appealed.

No-Fault Workers’ Compensation System

Arizona has a no-fault workers’ compensation system that allows injured workers to receive benefits no matter how the work-related injury or disability was incurred. That makes it sound as if receiving compensation and benefits is a straight-forward process. Unfortunately, it can be a very complicated process, from obtaining claims approvals to appealing denials.

Arizona employees who are approved for claims may be eligible for:

• Payment of a portion of lost wages
• Medical care reimbursement
• Supportive care
• Job retraining

Work comp claims issues can involve something as simple as requesting a change of physician or as complicated as an employee believing unfair claims processing practices are in play. The Claims Division of the Industrial Commission of Arizona says it makes more than 30,000 workers’ compensation claims determinations each year. The odds of a mistake being made or a claim being slow walked through the system are high.

Many Possible Claims Issues

There are many reasons that work comp claims issues develop. They include but are not limited to:

• Employer claims the injuries were caused by disobeying reasonable workplace rules and the employee disagrees
• An injury proves over time that it caused more severe medical problems than previously determined so the claim needs reopening
• A claim is denied because case reviewers decided it was a mental injury only, or some portion of an approved claim is not paid due to a mental health component
• Claimant gets an unfavorable decision from an Administrative Law Judge (ALJ) who has reviewed a denied claim per appeal
• Benefits end before the employee is physically ready to return to work
• A condition due to a workplace incident develops over a period of time, making it more difficult to prove cause-and-effect, i.e. exposure to a chemical
• Disagreement over what should be included in the employee’s earnings amount used for determining the value of the claim
• Questions as to whether the employee was really traveling to a jobsite when an accident occurred
• Employee’s chosen physician does not agree with the physician the employer required the employee to see for the first medical examination
• Insurance company requires an Independent Medical Examination (IME) that appears to be for the purpose of limiting benefit amounts

This is just a short list of the types of work comp claims issues that an employee may experience.

Get Legal Help to Settle Issues

Thousands of work comp claims issues in Arizona lead to the need to consult with an attorney. When temporarily injured or permanently disabled, it is stressful to have to deal with the workers’ compensation claims process. This is especially true when the state or employer creates a risk of being unable to continue paying bills or support a family. For people who are injured on the job, consulting an attorney can mean getting the full benefits allowed by law.

Best regards,
Gary Hanson
Professional Insurance Strategies
P: (602) 481-0161 • F: (623) 463-9001 • E:
Physical Address: 2822 W Northern Ave. • Phoenix, AZ 85051
Mailing Address: 3655 W Anthem Way Ste. A 109 #283 • Anthem, AZ 85086
Auto*Home*Life*Commercial*Bonds*Workers Compensation*Property

Cost Of Contractors Liability Insurance Phoenix, AZ

Insurance is a basic part of every businessperson’s life. It can make the difference between a mishap being a minor speed bump or a devastating loss. There are some basics every contractor must know which may influence the cost of contractors liability insurance Phoenix, AZ and aid the contractor being able to help his/her business stay in the game.

The types of coverage make up the base cost of contractors liability insurance Phoenix, AZ. Those types of coverage can include those discussed below but certainly are not limited to only these.

General liability insurance is the term used for the insurance to cover the basic accidents that could occur on a job site on a day to day operations. This would cover the things generally incurred when running a business as well as job site accidents.

Course of Construction insurance (a.k.a. Builders Risk Insurance) cover physical damage to a property under construction. Financial institutions require this type of coverage, at times, prior to lending the money to start a construction project. This includes remodeling projects, as well.

Workers’ Compensation insurance is a coverage that most everyone is familiar with. This covers the business owner in the event an employee is injured while going about his or her job on the site and during employment hours.

Tools and equipment may also be insured. Generally, insurance coverage on these tools and equipment requires that each piece not exceed $500 in value, but can insure replacement costs in the event of theft.

Business auto insurance is a standard operating expense for vehicles used and operated for the business needs. Private policies sometimes may exclude coverage during business tasks. It is important the contractor have the proper coverage on any and all vehicles used for business purposes.

The cost of contractors liability insurance phoenix az can vary from other locations in the country and even the state. Location plays a big factor in the pricing of these types of coverage. Local insurance companies can offer pricing quotes for all of the available types of coverage for each individual contractor’s needs and location. These representatives are educated in assisting contractors to choose the coverage types and amount right for each individual contracting business. What is right in Tempe, may not be what is right in Phoenix and visa versa. Those insurance representatives are available online and in person to help their customers, including contractors, choose the most timely, efficient policies to cover everything, should the need arise.

Best regards,
Gary Hanson
Professional Insurance Strategies
P: (602) 481-0161 • F: (623) 463-9001 • E:
Physical Address: 2822 W Northern Ave. • Phoenix, AZ 85051
Mailing Address: 3655 W Anthem Way Ste. A 109 #283 • Anthem, AZ 85086
Auto*Home*Life*Commercial*Bonds*Workers Compensation*Property

Amazon Logistics Commercial Insurance Requirements

When it comes to logistics companies, there is no company today that can compete with Amazon. A company that is becoming more and more of a one-stop shopping center for almost anything imaginable, the company is doing much to increase and improve its logistics capabilities. Because of this, many companies are looking to join forces with Amazon regarding delivery services. However, to do so they’ll need to meet certain commercial insurance requirements. When it comes to Amazon logistics commercial insurance requirements Arizona companies as well as those in California, Nevada, and New Mexico must meet certain requirements and guidelines.

Commercial General Liability
To do business with Amazon, a company must be fully licensed and carry a minimum of $1,000,000 worth of commercial general liability insurance. By meeting this requirement, companies in California, Nevada, and New Mexico can partner with Amazon. Along with this, when it comes to Amazon logistics commercial insurance requirements Arizona companies also need to demonstrate they meet insurance requirements by providing documents that show driver safety policies, procedures, and training.

Business Automotive Liability
Just like the commercial general liability, the business automotive liability requirements are also $1,000,000 worth of coverage. This is especially important for fleet owners in California, New Mexico, and Nevada, since those who have DOT or MC numbers will need to have proper documentation showing they meet these requirements.

Worker’s Comp
As part of their commercial general liability coverage, Amazon logistics commercial insurance requirements Arizona companies must meet include having worker’s comp insurance of $1,000,000, ensuring workers are covered in the event an accident occurs.

Cargo Legal Liability
For companies seeking partnerships with Amazon, cargo legal liability coverage is one of the most important aspects of commercial insurance requirements. For companies employing delivery drivers, a minimum of $25,000 coverage is required.

Professional Cargo Vehicles
In addition to having the proper insurance coverage, companies must also own professional cargo vehicles. To meet the basic requirements, companies will need to own a minimum of five cargo vans or similar vehicles that are 200 cubic feet or longer, and meet the latest DOT requirements. By doing so, not only will customers get their packages delivered in a prompt manner, but a safe one as well.

By meeting these commercial insurance requirements, companies will be able to partner with Amazon to not only help them increase their business, but also build their own brand and give customers even better service.

Best regards,
Gary Hanson
Professional Insurance Strategies
P: (602) 481-0161 • F: (623) 463-9001 • E:
Physical Address: 2822 W Northern Ave. • Phoenix, AZ 85051
Mailing Address: 3655 W Anthem Way Ste. A 109 #283 • Anthem, AZ 85086
Auto*Home*Life*Commercial*Bonds*Workers Compensation*Property

Home Health Care Agency Insurance -AZ, NV, CA, NM

As the United States population ages in the years ahead, the need for home health care will continue to rise. Because of this, more and more people are looking to open home health care agencies in an effort to help those who will need help while staying at home. However, before opening a home health care agency, it’s important to know the various types of home health care insurance coverage in AZ, NV, NM and CA.

General Liability Insurance
To ensure you and your employees are covered in the event a claim is made against your agency, general liability insurance is a must-have. In many cases, states will have a minimum amount of coverage an agency must carry, so be sure to check with an insurance agent who specializes in home health care insurance coverage in AZ, NV, NM and CA. For most standard policies, an adequate amount of coverage is $1 million.

Automobile Coverage
Since you and your employees will be traveling to your client’s homes on a regular basis, it’s a good idea to have automobile coverage that will protect you and your employees in the event of an accident or when transporting a patient to and from a doctor’s office. In most policies where various types of coverage are packaged, both non-owned and hired car liability coverage can be included.

Employee Dishonesty Coverage
Since employees of your home health care agency will be inside a client’s home, there is always the possibility that they will be accused of stealing money or other items from the client’s home. If this happens, having employee dishonesty coverage as part of your home health care insurance coverage in AZ, NV, NM and CA can be extremely important in protecting your agency from a significant claim that may be filed by a client.

Abuse and Molestation Coverage
Unfortunately, there may be an occasion where serious accusations of abuse or molestation may be leveled against one of your employees. Needless to say, these can be extremely serious allegations, and could ultimately result in the closing of your business. However, by having abuse and molestation coverage as part of your overall general liability insurance, your business will be able to survive these serious incidents.

By taking all of the above-mentioned types of insurance coverage into consideration prior to starting your home health care agency, you and your employees can be assured of having the protection you need.

Best regards,
Gary Hanson
Professional Insurance Strategies
P: (602) 481-0161 • F: (623) 463-9001 • E:
Physical Address: 2822 W Northern Ave. • Phoenix, AZ 85051
Mailing Address: 3655 W Anthem Way Ste. A 109 #283 • Anthem, AZ 85086
Auto*Home*Life*Commercial*Bonds*Workers Compensation*Property

Assisted Living Facility Insurance

This type of insurance is absolutely essential for all assisted living facilities. However, the nature of the coverage you will need is dependent upon a variety of factors. The following are just a few of them.

Liability coverage for your facility
This forms the bedrock of your insurance needs. Although you will need general liability coverage as any other business would, there are also insurance needs that are more specific to an assisted living facility. Professional liability is at the top of the list of importance. All of the staff that provides care to your tenants is open to a potential lawsuit, and therefore, your facility is vulnerable. This includes claims of abuse by the staff. The exact amount of coverage required will be dependent upon the size of your facility as well as any legal requirements for Assisted Living Facility Insurance in Arizona, New Mexico, Nevada or any other state you operate in.

Property damage for your facility
This type of coverage is to protect your facility in case of fire or other types of damage from such things as weather. Many companies will extend the coverage to include damage from earthquakes. In this sense, it is the same type of policy as any other business would have for their building, but there are a couple of things you need to add for an assisted living facility. You will need insurance for relocation of your tenants in case of major damage to the property. You will also want coverage for damage to prescription medication that is refrigerated but spoils due to a loss of electricity.

Custom coverage for your facility
Although there are common attributes to most facilities, there are also likely special liability needs you have, so an agent should analyze your particular facility to determine what, if any, they are. A risk management assessment can be done to help reduce your liability, and the amount of coverage you require. This can include recommendations for the installation of safety features for your tenants, and updating staff procedures to reduce the chances of accidents.

Ultimately, finding Assisted Living Facility Insurance in Arizona, New Mexico, Nevada or other areas of the country can be complex, so you should always consult with an agent to make sure you are getting all of the coverage your facility needs. In addition, if you have more than one facility and they are located in two or more states, you should seek the expertise of an agent who specializes in Assisted Living Facility Insurance in Arizona, New Mexico, Nevada and other states.

Best regards,
Gary Hanson
Professional Insurance Strategies
P: (602) 481-0161 • F: (623) 463-9001 • E:
Physical Address: 2822 W Northern Ave. • Phoenix, AZ 85051
Mailing Address: 3655 W Anthem Way Ste. A 109 #283 • Anthem, AZ 85086
Auto*Home*Life*Commercial*Bonds*Workers Compensation*Property

Assisted Living Center Liability Insurance, Arizona, New Mexico, Nevada, Texas, CA

Running an assisted living facility. One of the many challenges that comes along with running an assisted living facility is making sure that you have the proper insurance. There are several types of insurance that you will need to get.

Insurance For Assisted Living Centers

General Liability Insurance

This is one of the most important types of insurance for assisted living centers. This type of insurance protects you and your business if someone suffers bodily injury while they are at your assisted living facility. The person’s claim and medical expenses can be covered by your general liability insurance policy. This form of insurance can also cover claims that are related to slander and defamation of character.

Professional Liability Insurance

Professional liability insurance is also referred to as errors and omissions insurance. This form of insurance covers you if you or one of your staff members makes a mistake and unintentionally harms a client while providing them services. Negligence and defense costs are things that are covered by professional liability insurance.

Workers Compensation Insurance

Workers compensation is another important type of insurance for assisted living centers. One of the key responsibilities that you have is making sure that you provide a safe working environment for your employees. However, even if you work hard to provide a safe working environment, things still can go wrong. That is why workers compensation is essential.

If one of your employees is out of work due to an injury that is sustained on the job, then workers compensation can cover the lost wages. It also covers medical treatments and services that focus on helping the employee return to work.

Commercial Auto Insurance

Commercial auto insurance covers your facility’s vehicles. This type of insurance is important because company vehicles are not covered by your own insurance policy. Commercial auto insurance helps protect your company’s assets if someone gets into an accident while driving a company vehicle. If you have collision insurance, then the cost of repairing the vehicle will also be covered by the policy. Comprehensive insurance covers a vehicle if it was damaged by something other than an accident, such as theft, falling debris and vandalism.

Property Insurance

Property insurance covers the building itself. Fires, storm damage and water damage are examples of some of the damages that can be covered by property insurance. Not only does property insurance cover the building, but it can also cover the furniture and other items in the building.

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