Does a New Year Mean Changes to Your Commercial Insurance Policy?

Each New Year Brings Its Own Special Challenges 

You want your business to be evergreen. You do not want your livelihood to be subjected to the whims of each new year. Challenges with emerging business technologies, the global and local economies, even dramatic changes in the weather will affect your business. Each new year should bring a careful review of your commercial policy. Your commercial policy should include any areas of liability that may have resulted from new events in the new year. 

A new year may bring changes to your commercial policy contingent upon the circumstance and nature of your business. You do not have to understand all of the nuances of how outside events and situations could affect your current commercial insurance policy. The agents at Silverton Insurance Specialist, LLC in Greensboro, GA take the responsibility of acquiring all of the necessary information to assist you with how your liability may be affected with the new year.

Discussing changes with your agent is a safeguard to your business concerns. Your coverage may be adequate despite outside trends and differences in the world. The only way to be certain, however, is to discuss your current or new policy with an insurance agent. It is their business to be confident that your liability protection is at the highest level.     

Protecting Your Business is As Important as Protecting Yourself 

No matter where you are located, contact us today to discuss how our agents can help you decide which commercial insurance policy will best fit your needs. The agents at Silverton Insurance Specialist, LLC will help you find the appropriate coverage for your business and answer your questions. Our telephone number is 404-850-7071. Call today. 

Understanding How Umbrella Insurance Works

Umbrella insurance is a separate policy that can be added on to your homeowners or auto insurance, and it gives you more liability coverage. It can also cover some liability claims that other policies may not, such as false imprisonment, slander, and libel. Getting umbrella insurance can be less expensive than increasing the liability limits on other insurance policies. An agent at Silverton Insurance Specialist, LLC can help you determine how much coverage is necessary,

If your homeowner’s policy has a personal liability limit of $500,000 and you throw a birthday party where someone falls outside on the front steps, you would have to pay for the medical bills. If the guest that falls has some serious medical bills and ends up suing you with a judgment of $1 million, then you would be on the hook for an additional $500,000. Your homeowner’s insurance would pay the limit and then what would happen? Likely without umbrella insurance, you would have to pay for the rest of the money by dipping into your other assets, which can include your home, car, and anything else you own, as well as future wages.

If you have an umbrella policy that can kick in, then you wouldn’t have to pay these out-of-pocket expenses. It’s likely the umbrella policy will pay for any attorney fees that wouldn’t typically be covered under the homeowner’s policy. The only thing you would have to pay in this situation is the deductible on your homeowner’s policy. Depending on the situation, there isn’t a deductible to be paid on your umbrella insurance.

In this above example, there wouldn’t be a deductible on umbrella insurance. However, if there is a case where you are found liable and your auto or home insurance didn’t apply, then there would be an umbrella insurance deductible before the policy kicked in. Contact Silverton Insurance Specialist, LLC to get a quote on umbrella insurance. 

Types of Auto Insurance

Auto insurance is meant to offer protection against financial loss in the event of theft or if your car is involved in an accident. Understanding the different types of auto insurance is an important step in ensuring you get what’s right for you.

Most states have laws that set the minimum amounts of financial responsibility car owners must have before they can legally drive. Even though not all types of auto insurance are required, purchasing extra coverage with Silverton Insurance Specialist, LLC is the best way to ensure maximum protection. Most car owners know a thing or two about auto insurance, the only problem is being able to differentiate one form of coverage from another. Below, we detail the different types of auto insurance to help you make an informed decision:


This car insurance covers property damage and bodily injuries that you may cause to others. Most states have a minimum requirement for the amount of coverage you must have under liability insurance; however, buying more than the state-required minimum is usually a good idea as it offers extra protection.


Collision insurance is meant to repair or replace the policyholder’s car in the event of a covered accident resulting from a collision.


This car insurance covers all physical damage to your car from non-collision accidents such as vandalism, accidents with animals, theft, fire, and certain weather events.


All drivers are required to carry auto insurance; unfortunately, this is not always the case. Uninsured/underinsured coverage protects you and your car in case you are involved in an accident caused by a driver with none or minimal insurance. It can also come in handy in hit-and-run situations.

At Silverton Insurance Specialist, LLC, we provide affordable and reliable auto insurance policies. Our knowledgeable agents will help you determine the right amounts of coverage concerning state laws. Contact us today for a peaceful driving experience.

Types of life insurance available

Life insurance is a great way to shield your loved ones from financial devastation that may follow your demise. Life insurance, unlike auto insurance, is not mandatory in most states. However, that doesn’t mean that it is less important. It is one of the most critical coverages to carry as long as you live. Silverton Insurance Specialist, LLC offers customized life insurance plans for your lifestyle.

How Life Insurance Works

A life insurance plan is simply a binding contract between the insured (you) and the insurance company (carrier). It’s an agreement that you will pay a particular premium value for a specified duration in exchange for a lump sum payment from the insurer at the end of the contract or a death benefit to your beneficiaries when you’re gone. Different plans are customized to meet the needs of the insured, so don’t settle for something that doesn’t meet your needs.

Life Insurance Coverage Plans                      

There are three common forms of life insurance. Permanent life insurance, sometimes packaged as whole life insurance, gives protection for the entire lifespan of the policyholder. Term life insurance provides protection for a specified duration on time. Universal life insurance provides flexibility by offering components from both portions of term life and whole life packages. Please note that all kinds of life insurance plans are exempted from income tax.

Silverton Insurance Specialist, LLC provides life insurance coverages that you can rely on. Whether you’re looking for whole life, universal life, or term life insurance plans, we’ve got you covered. Visit our offices and speak to one of our experienced agents who will weigh your options and design a flexible plan that suits your lifestyle and budget. You can also give us a call or head straight to our website for further information on life insurance.

The Trick to Getting Commercial Insurance

When you own a business, one of the things that you want to make sure you have in place is commercial insurance. However, commercial insurance does not work the same way that a lot of other types of insurance work. In fact, it is a type of insurance that is completely catered to what you need as a company, and there is no one size fits all. Because of this, you want to make sure that you ask for the right things from Silverton Insurance Specialist, LLC. 

Commercial insurance is something that should be created around your needs when it comes to the business. There are a lot of different kinds of coverages that you can include in your commercial insurance policy and some that you want to make sure you include. Some of the things to definitely have are things like workers compensation and wage insurance. However, commercial insurance is not only designed to protect your business but also to protect you and your employees. A lot of things can happen in the course of running a business, and you want to make sure you are protected from your employees, outside sources, and other things that you cannot control. You also want to make sure that your employees are protected from a variety of situations that are beyond their control. The right commercial insurance policy covers all aspects.

Now that you have a better understanding of how commercial insurance works, it is time to put a policy in place or audit your existing policy to make sure it works based on your needs. Be sure to reach out to us here at Silverton Insurance Specialist, LLC today so we can help you through the process and get you a free quote for commercial insurance. 

What does an umbrella policy not cover?

Every insurance policy has its limitations, but you may be surprised just what your policy can cover when you buy umbrella insurance from Silverton Insurance Specialist, LLC.

A typical umbrella insurance policy might offer additional coverage for home and auto claims, but it can come into play for anything insurance can cover. Many people rely on their umbrella policy to cover legal costs, for instance, if they are taken to court for civil damages or even criminal charges, depending on the nature of their insurance policies. You can cover retirement accounts, health, and almost anything else with an umbrella policy.

The only real limitations on your umbrella policy come down to how much coverage you’ve purchased. If, for instance, your auto policy covers one million in liability, and your umbrella policy can cover another two million, you would need to exceed three million in damages to transcend the boundaries of your total insurance coverage, and it is highly unlikely that you’re ever going to be involved a four million dollar car accident.

Umbrella coverage can run under three hundred dollars for a one million dollar policy. This is all based on different factors. Your price may be higher or lower. But the point is that umbrella coverage is a lot more affordable than one might assume. People tend to believe that an umbrella policy is something that only the super rich can afford. In truth, if you own a car and a home and you have health insurance, an umbrella policy is an excellent way to extend your policy with Silverton Insurance Specialist, LLC. The only real limitation on umbrella insurance comes down to how much protection you want. Reach out to our agents to learn more.

Can I Add My Friend to My Car Insurance Policy?

Typically, the car insurance sector runs on a model of assumed risk, and that is the primary reason why your car insurance provider such as Silverton Insurance Specialist, LLC will want to know who is operating your vehicle at any particular time. In fact, a significant number of these insurance companies will want you to list all the people you think might drive your car at any particular time.

However, for most people, the first question that will come up is, "can I add my friend to my car insurance policy?" Read on to find out who you can add and who you can’t add to your auto insurance policy.

Can I Add a Friend/Roommate to My Auto Insurance Policy?

The good news is that you are free to add your friend or even a roommate to your auto insurance policy as long as you live at the same address. If you own a vehicle, but your friend doesn’t, then the policy should be in your name and not your friend’s name.

You can always ask your insurance agent about adding your friend to your auto insurance policy as a driver of your car. However, if both of you own cars, then you will need to have different policies. If you’re likely to drive each other’s cars, please be sure to check with your respective insurance provider to be sure that the coverage extends to other operators and to learn how you can include each other in your policies.

If you’re a parent, then your partner, your kids, and any other person that you live within your household will normally be listed on your car insurance policy.

Keep in mind that there is no limit to the number of operators you can include on your auto insurance policy but there must be a good reason as to why you are listing them as drivers of your car. Some of the people that you can’t list on your policy include your children that have moved out and other people that don’t reside in your household or use your vehicle.

Contact Silverton Insurance Specialist, LLC today for an auto insurance policy and a quote. Also, try our online rating tool for quotes from home.

What kind of life insurance do young people need?

Many people wait until they are older to buy an insurance policy. They assume that they won’t need it until later in life. At Silverton Insurance Specialist, LLC, we help people to find policies that can give them the most prominent benefits over their lifetimes.

First, life insurance is a big help if there are people who depend on you financially. When you are younger, that may be your parents or siblings, and as you become a young adult, a spouse and children. You can even name a live-in boyfriend or girlfriend on a policy, which protects that person if he or she suddenly needs to pay all the expenses alone. 

You can also purchase the kind of policy that acts as a savings account, where you can borrow against your policy because the money is yours. Unlike a fixed policy, these policies help individuals who may be able to use the money in times of need. When someone buys a whole life insurance policy for a baby or child, that person has a nest egg waiting when it may be needed most. As long as the premiums are paid, this is a lifelong investment. A whole life policy has major benefits for young people, and the premium won’t go up.

The bottom line is that it is never too early or too late to find a life insurance policy that meets your needs. If you are interested in investigating your options, call Silverton Insurance Specialist, LLC, and we can help you decide which policy is right for you.

How Commercial Coverage Protects Your Business Against Disasters

Commercial insurance from Silverton Insurance Specialist, LLC can protect your business against disasters. Commercial coverage can help you recoup the cost of repairing business property or replacing business equipment and inventory lost in a natural disaster. Commercial insurance will also protect your business assets if you had to shut down temporarily due to extensive damage to your property. Here are just a few ways your business can benefit from commercial coverage.

Property Coverage

You never know when a major disaster will strike. With commercial insurance, however, you can be prepared to face the consequences. If you were to lose your inventory or business equipment in a disaster, your insurance could help cover replacement costs. In like manner, commercial property insurance will help cover the costs of repairing your office, shop, or warehouse after disaster strikes so you can continue your operations.

General Liability

General liability would protect your business against lawsuits if customers were to have an accident on your property. Natural disasters such as tropical storms make conditions conducive to accidents. If a customer gets injured by slipping on a wet floor in your place of business or gets hit by debris in your parking lot, liability insurance will cover their medical costs. It will also cover legal expenses in the event of a lawsuit.

Business Interruption

If your business had to shut down due to extensive storm damage, business interruption insurance would help cover running expenses until you get back on your feet. This includes payroll, utility bills, and rental of business property. Depending on your policy, a business interruption can also cover the cost of renting a temporary office or warehouse while your building is being repaired.

For greater insight into how commercial insurance can meet your business needs, contact us at Silverton Insurance Specialist, LLC. 


3 Ways Umbrella Insurance Protects Small Business Owners

Insurance products like commercial liability, property, and auto policies protect the assets of small business owners. However, there are times when basic coverage isn’t enough. Silverton Insurance Specialist, LLC wants to help small business owners thrive, no matter what happens. Here are three ways umbrella insurance ensures the financial viability of your enterprise.

  • Many businesses rely on fleet vehicles to supply their customers with goods and services. During times of growth, managers may order extra vehicles to meet rising demand. If a catastrophic accident occurs that results in the loss of a piece of financed equipment, your primary insurance policy will likely cover the remainder of your loan. However, you will be liable for the entire cost of replacing that asset. This could mean lost business opportunities that could endanger your growth for years. An umbrella policy would provide additional funds that could be used towards the purchase of a new vehicle.
  • Accidents that cause injury to visitors on your property can lead to big bills. If a court of law finds you guilty of negligence, you could face astronomical fees and penalties. A large settlement can wipe a business’ cash reserves clean. Your commercial liability covers some of the cost but can be quickly eaten up by medical and legal payments. Your umbrella policy defrays many of the costs associated with claims against your property insurance.
  • When a worker is hurt on the job, worker’s compensation helps pay for medical bills, therapies, and living costs for employees while they heal. However, a large-scale accident can test the limits of your policy coverage. If your employee decides to sue, you may need to come out of pocket to cover defense fees and court-ordered judgments. Umbrella policies provide funds for legal costs associated with worker’s compensation cases.

For more information on how umbrella insurance protects your small business from rainy days, contact the experts at Silverton Insurance Specialist, LLC.