Do Single Employee Businesses Need Commercial Insurance?

Posted on March 27, 2023April 1, 2023 by admin

If you own a business company, you need the right commercial insurance coverage. It’s an important tool that offers protection from risks. Anyone living in Albany, NY area can count on Toedt Insurance Agency LLC to provide them with quality insurance products that provide security and peace of mind.

Commercial Insurance Protection

Whether you are a single-person business or you have a large employee base, you’ll need adequate commercial insurance coverage to protect you from liability and other covered risks. Businesses, large and small businesses face various risks to their well-being and can incur losses without the right insurance coverage. Anyone currently interested in finding commercial insurance products that meet their needs can consult with one of our expert insurance agents, who can carefully assess their situation to determine their needs.

Once an agent has a clear picture of the situation, they can recommend insurance products that meet and exceed the client’s needs. We assist with product selection and provide ongoing support throughout the policy’s lifetime, even if there’s a submission of a claim. Our goal is to provide the best customer service to ensure our clients have the support they need to protect their businesses and the most important things.

Reach Out Today

Anyone in the Albany, NY area interested in securing top-quality commercial insurance for their business can count on the expert support and guidance from Toedt Insurance Agency LLC. We look forward to serving the community members to help them protect their businesses and other interests. Call or stop by our office today to speak to one of our friendly representatives or to schedule an appointment for a consultation.

What every new homeowner needs to know about home insurance

Posted on February 21, 2023March 8, 2023 by admin

Buying your first home is an important step in your life. What you know about home insurance is probably minimal except for the fact that your mortgage holder has told you what you need to have to get your mortgage. At Toedt Insurance Agency LLC in Albany, NY, we are here to help you to make sure you get the right insurance, not just the right amount.

What you need to know about home insurance

You decide the amount of your deductible

Your home insurance has a deductible on many parts of the coverage. You are the one that decides the amount that is right for you. If you don’t want to have to pay a lot of money out of pocket, choose a low deductible, and if you want a lower premium, go for a higher deductible.

Not every hazard is covered

Home insurance policies have exclusions. These are things that won’t be covered if they happen to you. Your home insurance doesn’t provide coverage for floods, sewer backups, earthquakes, sinkholes, mudslides, landslides, termites, war, civil unrest, mold, rodent infestation, wear and tear, and owner neglect. Certain breeds of dogs will also not be covered.

Some coverage has limits

Some types of coverage have limits. The amount of jewelry, rare coins, cash, antiques, and art you are covering is limited.

Endorsements allow you to extend your coverage

Endorsements are a way to extend the coverage of your home policy to things it would either not cover or not cover at a level to protect you. This allows you to customize your home insurance to your very specific needs. Identity theft is one that you may want to consider to protect your assets. Also, extended content coverage for your more expensive items.

Give Us A Call

To learn more about home insurance, contact Toedt Insurance Agency LLC in Albany, NY to get a no-obligation quote.

Why You Need Insurance for Your Automobile

Posted on January 19, 2023January 19, 2023 by admin

There is so much distress that comes with the destruction or theft of your vehicle. It is a requirement in New York, alongside a license, that you have auto insurance. Are you in search of a lasting contract that will help cushion you from the strain that may come with unexpected destruction or theft? Toedt Insurance Agency LLC, serving the greater Albany, NY community, is a reliable partner on all your insurance needs.

Why You Need Insurance for Your Car?

More than cushioning the owner of the vehicle from stress related to theft and destruction, insurance carries along with it another couple of benefits.

These include:

Covering treatment of injuries that you may have sustained at the time of accident or theft. Auto insurance will work to supplement your health insurance towards your treatment.
In the event of a collision between two vehicles, insurance covers the owner of the vehicle responsible for the accident as well as the other party to repair the auto vehicles.
Covering of property in the vehicle at the time of an accident or loss. These may be devices that may have been damaged or lost.
An auto insurance cover works to provide cover for any passengers that may have gotten injured during an accident, whether or not they possess a driving license.

It is, however, important to note that insurance may not compensate for the damage to a car that has been covered by a warranty.

Get Your Vehicle Insured Today

Are you in Albany, NY and looking for an agency that will help you renew your cover or decide on the most suitable cover for your automotive? Get rid of stress! Contact Toedt Insurance Agency LLC or visit us and talk to one of our agents for more information or cover for your car today. Insure your vehicle through us today and enjoy your peace of mind.

How commercial insurance can save your small business

Posted on December 20, 2022December 20, 2022 by admin

Small businesses face lots of challenges every day. The risk level for failure is very high. While commercial insurance can’t protect you from everything, it offers a variety of lines that can come in very handy. At Toedt Insurance Agency LLC in Albany, NY, our team of insurance experts can help discuss your commercial insurance needs and determine the coverage that offers the most protection.

How commercial insurance can save your small business

Commercial liability insurance

One of the biggest perils that businesses face and small businesses in particular is the danger of being sued. It is so common that about 30% of all businesses will be sued in any given year. In an atmosphere where suing is something that can bankrupt your small business, protecting yourself is vital. With commercial liability coverage, you will be able to pay a judgment up to the limit of your policy and also the legal cost associated with it.

Commercial property insurance coverage

Commercial property insurance is different from individual home property insurance. Not only does it cover the physical building, but it also covers all the things you use to do business. This makes it valuable coverage for renters as well as building owners. It covers your tools, your machines, your office equipment, display cases and racks, raw materials, inventory, and lots more.

Business interruption insurance

When something happens to your business to make it close its doors for the short term, income may come to a halt. Unfortunately, your expenses usually don’t. If you don’t have business interruption insurance coverage, you may not be able to recover from a temporary closure. It can help you to pay your bills and even payroll. It is a lifesaver.

Give Us A Call

Contact Toedt Insurance Agency LLC in Albany, NY when you need to talk about the benefits of commercial insurance for your small business.

What is a Home Inventory Sheet?

Posted on November 17, 2022November 17, 2022 by admin

A home inventory sheet is an essential tool to help you in the event of a claim after a disaster. In addition, this can help you select the right amount of insurance to purchase, and your Toedt Insurance Agency LLC representative will be happy to answer any questions you have in this regard.

What is a Home Inventory Sheet?

Your inventory should, at its most basic, include a list of all possessions kept on your property. Secondly, there should be an in-depth description of the item itself. Video helps in this endeavor, as you can film from multiple angles and show the condition at the time of filming as well as any special features.

Be sure to write down any pertinent serial numbers, the make and model, or any other identifier. Also, record the date of purchase along with a copy of the receipt. It’s also recommended that you take a photograph of the receipt, as these can tend to degrade with age.

It’s important to state the purchase price but also the amount you estimate it would cost to replace the item. Keep a backup of this document at a separate location, in cloud-based storage, on a home inventory sheet app, or in a safe deposit box. Keep the information current, updating all copies at periodic intervals.

Homeowners insurance is not a requirement in the state of New York by law but is usually mandated by your lender as long as you have a balance. Some Albany, NY residents choose to continue carrying this indemnification for the benefits it confers.

Let Us Meet Your Insurance Needs

We at Toedt Insurance Agency LLC in Albany, NY work hard to get the right coverage package for you. You can reach us by phone or email, and we invite you to stop by our office.

Is it worth it to get roadside assistance as part of your auto policy?

Posted on October 28, 2022November 1, 2022 by admin

If you are a car owner in Albany, NY or the surrounding area, you can count on the team at Toedt Insurance Agency LLC for all of your insurance needs. We can help you find the policy that works well with your needs. Contact our office today!

Benefits of including roadside assistance with your auto policy

In addition to the basic coverage that you expect from your auto insurance policy, there are also a number of exciting add-ons available. Features like roadside assistance can be of great benefit if you are ever involved in a mishap or experience a breakdown.

One of the main benefits of securing your roadside assistance service through your auto policy is the fact that you know that any service providers dispatched by the service will be approved by your insurance carrier. This can give you peace of mind during a very stressful situation.

Your insurance carrier has a vested interest in keeping you and your vehicle as safe as possible. Roadside assistance that is provided as part of your auto service is sure to be efficient and effective. Being involved in an accident, or finding yourself stranded by the side of the road are incredibly stressful situations. Knowing that you have help on the way can help to alleviate that stress. Find out more today about roadside assistance and the other great feature add-ons available.

Find out more today!

Toedt Insurance Agency LLC is proud to serve the insurance needs of our friends and neighbors in the greater Albany, NY area. If you have questions about the many auto insurance policy add-ons that are available in our area, give us a call or stop by our office today and learn more.

Commercial Insurance Considerations For Your Growing Business

Posted on September 29, 2022September 29, 2022 by admin

If you own your own business of any size in the state of New York you want to be knowledgeable about New York insurance requirements. The good news is that the state’s commercial insurance requirements are straightforward and serve to protect business owners and their employees. At Toedt Insurance Agency LLC we serve Albany, NY and the surrounding areas with insurance services for businesses, homes, autos, and more. We will be happy to answer any questions you may have about coverage.

How Much Commercial Insurance Does Your Business Need?

The basic requirements for insurance for New York businesses are Worker’s Compensation and Disability for each and every employee (even if that employee is family), and commercial auto insurance if you use a company vehicle. These policies are easy to purchase and cover the basic needs of a business.

However, a wise business owner will look further than the basic legal requirements for insurance and add specific coverage for the unique risks and needs of their business. For example, if your business stores a significant amount of inventory, you may want to increase insurance on the building and its contents, if you work one on one with clients you have an increased liability and may need coverage for your protection. If you work with large sums of money it only makes sense to have specific coverage that protects your business in case of theft or fraud. You may be surprised at the individualized policies available for your specific business needs and unique risks.

Contact Us Today

If you own and business in or around Albany, NY contact us at Toedt Insurance Agency LLC to discuss your commercial insurance needs today.

Five Mistakes People Make When Buying Home Insurance

Posted on August 31, 2022September 2, 2022 by admin

Home insurance is one of those things that you hope you never have to use, but it’s there for peace of mind if the worst happens. However, many people make mistakes when buying home insurance that can cost them dearly if they ever need to make a claim. This blog post will explore five of the most common mistakes people make when buying home insurance. By avoiding these pitfalls, you can be sure that you’re getting the best coverage for your needs. So read on to learn more.

1. Not Reading the Policy Documents Carefully

When taking out any insurance, it’s essential to read the policy documents carefully to understand exactly what is and isn’t covered. This is especially true for home insurance, as there can be a lot of small print that you may not be aware of. Many people skim over the policy documents or don’t read them at all and then find themselves disappointed when they try to make a claim and discover that it’s not covered. So take the time to carefully read your policy documents to know exactly what you’re covered for.

2. Not Disclosing Any Relevant Information

When applying for home insurance, you’ll be asked to disclose relevant information about your property and lifestyle. It’s vital that you answer these questions honestly, as failing to do so could invalidate your policy.

3. Buying the Bare Minimum of Coverage

Many try to save money by only buying the bare minimum of home insurance coverage they need. However, this can be a false economy, as if you ever need to make a claim, you may find that your damages aren’t fully covered. It’s always better to err on the side of caution.

4. Not Shopping Around

When it comes to insurance, it’s important to shop around and compare different policies before you decide on one. Many people go with the first policy they come across without research, but this could cost you more in the long run.

5. Not Reviewing Your Policy Regularly

Your needs and circumstances can change over time, and it’s important to review your home insurance policy regularly to ensure that it still meets your needs. Many take out a policy and then forget it, but this could leave you underinsured or even completely uninsured.

If you’re looking for home insurance in Albany, NY, Toedt Insurance Agency LLC can help. We offer various policy options to suit your needs, and our team can help you find the right coverage for your situation. Contact us today to get started.