Reasons to review your life insurance

Most people have at least one life insurance policy even if it is only one administered by their employer. Life insurance provides valuable protection and offers benefits as well depending on the type of policy you have. Over time things change in your life and when your life changes your need for life insurance also changes. At D&B Insurance Solutions in Dallas, TX, our experienced agents are here to help you make sure your coverage stays up to date with your needs. 

Changing jobs

In today’s job market, you may not stay with one employer very long. If you are getting your life insurance as a benefit of your employment, every time you change employers your policy will also change. That means coverage may be different and it may have a grace period. If this is the way you will be living for the foreseeable future, buying a life insurance policy of your own is probably a good idea. It gives you control over the type and amount of life insurance coverage you have. 

Getting married

Once you have taken the next step in your life and gotten married, it is time to reevaluate your life insurance coverage. You may want to change the beneficiary on your life insurance at this time so it a good opportunity to discuss your coverage with your local independent agent. 

Children

When children enter the picture you should take a good look at how long you will need to provide for them and the amount of life insurance required. Something between seven and ten years of income is usually suggested. The amount that actually represents depends on your annual income. 

If it is time for you to review your life insurance in Dallas, TX, D&B Insurance Solutions has an experienced team of agents who will be happy to discuss your life insurance needs with you. 

What is a business owner’s policy (BOP)?

In Dallas, TX, much competition exists when starting a business. You need to give yourself every edge that you can. One valuable tool D&B Insurance Solutions can provide, your business owner’s policy (BOP), protects your business from unexpected loss.

Regardless of whether your business just began or has existed for years, you need BOP coverage. BOP insurance coverage protects your business in four key ways: liability, named perils, property damage, and business interruption. The advantage to the BOP is you obtain four coverages for a reduced price. You could purchase four separate insurance policies to obtain the same coverage, but you would pay higher premiums.

A BOP insurance package provides you the essentials needed by most businesses. You can also purchase other policies to add to it. These types of commercial policies include options like commercial auto, boiler, glass, inland marine, and crime insurance. Customization of your policy lets you obtain just the coverage your company needs.

For example, you start a business located in a strip mall. On either side of your storefront resides another business. Your dry-cleaning business gets flanked by an ice cream shop and a dentist’s office. All three businesses purchase a BOP, but each adds a different policy to it. Your dry-cleaning business requires inland marine insurance, while the dentist carries a malpractice policy, but the ice creamery adds an umbrella policy for increased liability coverage. All three save money by starting with a BOP.

Let D&B Insurance Solutions help you obtain a BOP and customize the policy to your needs. We serve the Dallas, TX metro area, including Ft. Worth and Plano. Call us today to learn more or set an appointment for a consultation.