In NE Arkansas, Does Commercial Business Insurance Cover Payouts for Lawsuits?

In NE Arkansas, the agents of GTW Insurance can help business owners protect their companies from financial loss if a person files a lawsuit due to a defective product, slip and fall accident, or any other type of event in which their life has been dramatically affected. Commercial liability insurance will often pay for a complete investigation, the cost of attorney representation as well as payouts or settlement amounts. Each occurrence is considered an individual event and treated apart from other cases, even though they may have happened at the same time or in the same area.

There are instances in which a commercial liability policy will not pay out after a lawsuit. If the company is proven to be negligent, other sources of payment may have to be considered. Worker’s Compensation claims are covered by Worker’s Compensation insurance that is required by most states. If an event is considered to be an “intentional act,” the insurance company may not cover any cost to the company. There are several types of commercial insurance policies that can be included with a traditional liability policy to protect a company from losses associated with a lawsuit, but they are considered separate and must be added accordingly.

The agents of GTW Insurance serve business owners throughout NE Arkansas. The licensed agents can answer questions, evaluate commercial policies that are already in place, and write new policies that bring the business up to date regarding amounts and types of coverage. Having the right combination of commercial insurance will protect a business no matter what type of event occurs, including lawsuits and other types of legal action.

Renter’s Insurance: A Small Expense That Can Save You A Whole Lot Of Money

You probably know that vehicle insurance is a necessity (and the law) and you also know that homeowners and business owners need insurance coverage, too. But did you know that even renters should have an insurance policy? It’s true. While you are certainly not obligated legally to have renter’s insurance, you really should consider it.  If you are in the NE Arkansas area, you can contact GTW Insurance to learn more about the types of renter’s insurance available.

Why Get Renter’s Insurance?

As a renter, you only have so much protection when it comes to damage to your property. While you don’t have to worry about replacing things like floors, windows or built-in appliances, as a renter, anything you own inside your apartment is your responsibility. If your furnishings or other belongings are damaged in a fire, for example, you alone are responsible for them. The same goes for theft.

In the event of a fire, for example, you’ll have enough stress with having to relocate. On top of that, you’ll need to replace your belongings. This may include your bed, couch, dining set, all dishes and cookware, all clothing and electronics. Think about that. You may not feel like you have much worth value, but ask yourself what it would cost to replace all of it?

Renters insurance covers things like theft and vandalism as well as damage caused by leaking pipes, falling trees, etc. Earthquake and flood are generally not covered by standard policies,  so you’ll have to double-check with your GTW Insurance expert.

Another good reason to get renter’s insurance is liability. If someone gets injured in your home and you are found to be at fault in any way, your landlord may not be responsible. If you are responsible, the costs could be devastating. Renter’s insurance can help cover you and give you peace of mind.

If you would like more information about renter’s insurance in the NE Arkansas area, contact GTW Insurance today.

Safety Features That Save on Home Insurance Costs

When paying your home insurance (or looking at the payment in your monthly mortgage payment), you may wonder if this is the price you will be locked into paying for the foreseeable future. Truth be told there are ways to reduce your home insurance costs without going into a lower grade of coverage. Thanks to several safety features, you’ll lower the chance of a break in and extensive fire damage. At GTW Insurance, we want to make sure your NE Arkansas home is well protected while you save money along the way.

Security System

A security system reduces the chances of you being robbed. Even if you are, the security information can help track down your stolen goods faster. This is good news for both you and the insurance company. As you are less likely to be the recipient of a break in, your insurance company may reduce your insurance costs.

Fence

A fence is a great way to protect your property and give a border to where your property ends and where your neighbors begin. Whether you go with a chain link fence, cast iron or wood, fencing protects your home, so consider telling your insurance agent after installation is complete.

Smoke and Fire Detectors

You can integrate these into the home security system or simply have devices installed in each room. However you do it, these can both save a life and save you money.

These are just a few of the ways you may be able to cut down on the cost of your home insurance. If you are interested in other options, we at GTW Insurance can help. So whether you live in NE Arkansas or a surrounding area, we want to assist you with all your home insurance needs.

Driving Tips for Grandma

We all get old, and we don’t like to admit that we aren’t as quick and sharp as we were when we were spry and twenty. With a few good tips, adjustments and precautions, driving can still be as wonderful and enjoyable and most importantly, safe.

The Senior and the Car

  •  Automatic transmissions allow for less to concentrate and physically do while driving.
  • Be Proactive.  Take a defensive driving course. AARP and many insurance companies offer these.
  • Always wear your seat belt.
  • Don’t tint your windows.
  • Limit distractions inside the vehicle, this includes phones, conversations, and loud radio.
  • Keep a safe distance between the car you are in and the car ahead of you.
  • Windshield wiper blades should be kept in good working condition.
  • Avoid driving in bad weather.
  • Stay close to home and use well-known routes of travel.
  • Make sure your seat is adjusted so you have a clear view of the road and can reach the pedals.
  • Limit night time driving.
  • Keep your mirrors, windshield, and headlights clean.
  • Turn the brightness up on the instrument panel.
  • Have your car checked regularly.
  • Keep your gas tank full and your cell phone charged.
  • Carry a sweater and/or a blanket in the car.

The Senior and Physical Wellness

  • Annual checkups are a must, as well as vision and hearing tests.
  • Remember to use your glasses and hearing aids.
  • Read your medication to make sure they don’t  impair driving skills, with drowsiness, or impaired vision
  • Don’t drive if you feel lightheaded, tired, or stressed.
  • Take your time driving, reaction time slows down with age.
  • Take frequent breaks when driving for a long time.
  • Have a few snacks in the glove box in case you miss a meal.

Call GTW Insurance in NE Arkansas, for advice.

Should I Buy More Home Insurance Coverage?

Your home insurance bill probably already seems high enough as it is, but your policy may not be protecting everything you need to protect. If you originally moved into your home without many assets but have slowly built them up over time, you might be surprised at how limiting your old policy is. Find out more about what better coverage can do for you from GTW Insurance if you live in NE Arkansas.

Understanding Your Role 

A home insurance company doesn’t want you to update your coverage merely for the sake of updating your coverage. Without limits that take into account all of your possessions and improvements in the house, you risk losing all the time, effort and money that went into obtaining those improvements. Whether it’s in the form of nice furniture or refinished floors, you need a way to keep all it all safe. And it’s part of the responsibility that comes with being a homeowner. Your provider has no idea that you purchased a new television, and therefore may not be liable to cover it should it be destroyed.

Getting Another Opinion 

Calling GTW Insurance is a great option if you live in NE Arkansas, and need another opinion about whether or not you need additional home insurance. You may have only made changes in your home that are of marginal value, meaning you can keep your policy as is. But you may have gaps that you aren’t even aware of, and the time to address that problem is now. It’s our job to make the changes easier for you. Before you’re faced with a surprise you can’t afford what is already going to be a difficult time, call our agency for more information about our policies and coverage limits.

Personalize Your Auto Coverage to Reduce Insurance Costs

Various aspects to include age, sex, location, lifestyle, driving experience and type of vehicle you own to determine the cost of your auto insurance. Some aspects are beyond your control; others can be used to your advantage to reduce insurance prices. Personalizing your auto insurance coverage in NE Arkansas gives you greater control over your costs.

Driving Experience

Young drivers often pay more for car insurance due to their lack of driving experience. Taking a driver defensive course qualifies young drivers for insurance discounts to offset higher premiums. Maintaining a good driving record can also reduce the cost of your auto insurance.

Type of Vehicle

The vehicle you buy can impact the cost of your car insurance. By choosing a make and model vehicle that’s cheaper to insure, you can avoid paying high insurance rates. Before buying a car, talk to your GTW Insurance agent to see if the vehicle you want can be insured at an affordable price.

Deductible

Your choice of coverage and deductible will affect the cost of your insurance premium. A higher deductible will lower your monthly insurance payments. When buying car insurance, consider the type of coverage you need. Bodily injury and property damage liability coverage is required by law in Arkansas. Other types of coverage such as collision and comprehensive are optional.

By discussing coverage options with your GTW Insurance agent in NE Arkansas, you can determine the best package for you. Personalizing your coverage will save you money on insurance costs while still providing the protection you need.

Lifestyle

The less you drive, the less risk you have of being in an accident, which can qualify you for a discount on your insurance. When possible, consider walking or biking to your destination as opposed to driving. This lifestyle change can benefit your health as well as your pocketbook.

Tree On The Line: Who Is Responsible For Tree Maintenance On The Border Of Your Property?

Is Your Deductible On The Line With That Tree On The Line

It is a relief that no one was hurt in the recent windstorm. With gusts up to 80 miles per hour, it was an intense weather event. As you look around your property, you notice that a tree has fallen. What’s worse is that the tree is a huge, tall one that interlopers with a tree on your neighbor’s property. In fact, your neighbor’s fence has also fallen as a result of the two trees coming down.

A Tale of Two Trees

GTW Insurance is right there when you call with the question. Who is responsible for the fallen tree removal and more importantly do you have to pay for the fence that has also fallen due to the windstorm? Consulting with your agent is the best thing to do in this circumstance since both trees are on the border of both properties. Also the fact that a natural weather condition was the precipitating event. Would the town have to be contacted to find out who is responsible for this act of God event? Which tree fell first? Well before you climb a tree in your NE Arkansas neighborhood let the experts help you figure it out. More than likely since the fence is not on your property you will not be liable for its repair.

If you make your domicile in the NE Arkansas area there is a great resource for you there. You will find the professional staff at GTW Insurance are relaxed and capable to assist you with all of your insurance inquiries. Even if you decide to purchase insurance elsewhere we are more than ecstatic to give you a quote for your home insurance policy. Getting a quote online is also a great option.

Myths About Auto Insurance

Most of what you have heard about auto insurance is likely not true. In fact, there are many different myths that people assume to be true simply because they do not know any better. GTW Insurance, serving NE Arkansas, wants to make sure that you know the truth behind some of these common myths. these are just a few that you may have heard:

  • You Can Avoid Paying Higher Rates After An Accident By Not Reporting It. Even if you think there is no way your insurance company will find out about your accident, if your accident involved another person, it will be reported through them. An accident can definitely result in your rates increasing but avoiding telling your insurance company will not stop it.
  • Red Cars Cost More to Insure. This could not be further from the truth. In fact, auto insurance is determined based on the make, model, age, body style, and engine size of the vehicle and the age, driving record, and credit history of the driver. The color of the car has nothing to do with it.
  • Your Rates Will Increase When You Get Older. While many think that as people get older their rates increase because of failing vision of slower reflexes, it is actually the opposite. That is because many insurance agencies see older drivers as having more driving maturity. There may even additional discounts that you can get if you are over the age of 55.

These are just a few of the auto insurance myths that you may hear about but knowing the truth about them can help you be better prepared to get a great auto insurance policy. If you are looking for one, be sure to contact GTW Insurance, serving NE Arkansas, today to get started.

What is the USA Federal Requirement for Auto Insurance?

Auto insurance is something that all drivers must hold in order to be legal when they drive. That being said, some drivers may not know what the minimum coverage is by federal standards. The agents with GTW Insurance in the NE Arkansas area can help you find out just how much coverage you need to be legal when you set out.

According to federal regulation, you have to have liability or minimum coverage of some sort. Though there is not a federal amount that is set that goes above and beyond the individual requirements of each state, the federal government does leave it up to each state to set their own requirements for minimum coverage for each state.

You can find out how much each state requires by doing a quick search. For Arkansas for example, the minimum bodily injury insurance that you must carry is $25,000 liability for each person. You must also carry $50,000 bodily injury liability per accident as well as $25,000 property damage liability per accident as well. Your agent can better explain what each item means but basically, your state is going to set a minimum requirement for your state that will allow you to legally drive and operate your car.

In some states, the coverage differs, a good example is that in California you only have to have $15,000 bodily injury liability per person. No matter where you live, it is important to have the right amount of coverage and to make sure that you are going to be both safe and legal when you drive. For those in the NE Arkansas area, the agents with GTW Insurance can help you find and adjust the policy that is going to be right for you each and every day.  

4 Tips For Saving On Home Insurance

There’s absolutely no reason to spend more on home insurance in NE Arkansas than what is absolutely necessary. Many people don’t even realize exactly how much their premiums are because they get hidden inside of escrow payments. However, if you lower your home insurance premiums, you lower your escrow, and therefore you lower how much you pay on your mortgage payment every month.

Get All Insurance from 1 Company

When you live in NE Arkansas, home insurance might not be the only type of insurance you need. You may also need auto, RV, life, and more. Rather than getting policies from different companies, get them from one. Companies reward loyalty in the form of discounts on your premiums.

Secure Your Home

Adding a security system reduces the likelihood of your home being broken into. This shows the insurance company that you are trying to deter crime – and you can usually get an insurance premium savings because of it.

Compare Rates

Take the time to compare rates from at least three different insurance companies. You may be surprised by how much the same level of coverage varies from company to company. The cheapest rate isn’t always the best, either – you want to get coverage from a company you can rely on.

Get Help from an Agent

It’s a good idea to work with an independent insurance agent. The difference is that an independent agent does not work for one specific insurance company. At GTW Insurance, we work with some of the top insurance companies across Arkansas, providing you with more options. It also allows you to get quotes and make better comparisons.

Getting help with home insurance is easier than you might think. Contact us at GTW Insurance to get quotes today. Our agents will be happy to help you every step of the way.