Do All Employers Provide Life Insurance?

Life insurance is a great way to protect yourself and your family but it can also be difficult to understand if you are not all that well versed in insurance. Life insurance is something that many employers do allow an option for but that not all employers are going to offer to their employees. For those that live in the Flowood, MS area, the agents with Insurance Protection Specialists can help you find the life insurance policy that works for you.

For the most part, your employer is going to offer you a chance to take a health insurance policy through them or a comparable monetary amount to cover the cost of buying your own policy. Health insurance is a must and some states require that employers offer a health insurance option. Life insurance, on the other hand, does not always have to be offered to employees. Life insurance is offered through some employers however and you can purchase it at a discount through the company that you work for.

For those that do not have an option to purchase life insurance through their employer, your bank, your credit union, and sometimes your health insurance offers a life insurance option that you can take to help get your own life insurance policy. You can also buy your own policy through an insurance agent or through your own prerogative. Life insurance is something that is not necessary for all people but that everyone can benefit from if you find the right policy that works for your needs and for your particular instance.

For those that live in the Flowood, MS area, the agents with Insurance Protection Specialists can help you find the perfect policy for your needs so that you can get the policy that is going to work best for you.

Get Your Business Commercial Insurance in Flowood, MS

Having a business means responsibilities, and among those responsibilities is getting good quality commercial insurance to protect the company from problems. There are some options for insurers in Flowood, MS, but it is not necessary to go around to every company in the area and ask them for insurance quotes. Instead of getting quotes in that way, business owners can reach out to Insurance Protection Specialists and get all of their quotes in one place. That not only reduces the time it takes to get the information but makes it far easier to compare the quality and value each company has to offer.

With commercial insurance, it is important to get the right coverage amounts and limits. That allows companies to focus on their business, instead of being worried about whether they’re covered in the event of a problem. With that level of focus, they’re able to get more done and make their business life easier. In the background, knowledgeable agents are working to ensure that they have the proper level of coverage to actually meet their insurance needs. That can keep the company moving forward, and make it easier to grow and develop a local presence.

Getting commercial insurance in Flowood, MS does not have to be a difficult thing. There are plenty of coverage options and different plans to choose from, allowing customers to get what they need and want from their insurance services. Reaching out to Insurance Protection Specialists is one of the best ways for businesses to get their needs met, and to have a plan in place in the event that they would need insurance protection. With the right agents and company on their side, they can feel better about their business and have more peace of mind to enjoy.

Wrecked my ATV Off Road, Is It Covered?

All Terrain Vehicles, or ATV’s, are drivable, use fuel, and carry passengers. And they also require a license. So they should be covered by an owner’s vehicle insurance, right? Not exactly. Regular auto insurance is protection for vehicles used by an owner on public roads. Those are streets, parking lots, highways and similar where public vehicle access is common. That doesn’t automatically extend protection to off-road situations such as woods, wilderness, parks, dirt trails and similar. And the worst possible way to find out this difference is after an accident where someone is seriously injured and/or the vehicle is wrecked. It can mean a really bad financial hit that comes right out of one’s back pocket and wallet.

Flowood, MS is no different than anywhere else; the region has plenty of off-road trails and areas where ATV’s can come in real handy to get around or get work done. But accidents happen, and physical injuries, as well as property damage, can be just as expensive as on a public road. Without insurance coverage, a private party in an ATV off-road accident could very well be facing bankruptcy for financial protection otherwise.

The experts at Insurance Protection Specialists are available to help. While there are plenty of insurance options available for folks in the greater Flowood, MS region, not everyone has a good understanding of what’s needed for recreation vehicle protection. Call the Insurance Protection Specialists today and stop worrying about what might go wrong in an off-road accident. Just thinking about it could actually cause you to wreck on a trail. Remember, focus on the road when driving, not what’s in the back of your mind.

Surprising Things That Health Insurance Covers

If you have health insurance, you most likely already know about the basic services that it will cover. But did you know that there are many more options for services that you may not even be considering? Read our list below to find out if you could receive some of these benefits from The Insurance Protection Specialists in Flowood, MS.

1. Breastfeeding Supplies and Folic Acid Supplements

Most health insurance plans are required by the Affordable Care Act to cover breastfeeding supplies. It is also a requirement for the plans to cover supplements for the pregnant or nursing woman.

2. Massage Therapy

If you have been in a traumatic accident, have injured your spine, or have chronic back pain, you may be in need of a good massage. Well, great news! With an okay from your doctor, you may be able to see a medical massage therapist. Your insurance will help cover the costs.

3. Gym Memberships and Weight-Loss Counseling

The rules set by the ACA have put a healthy diet and weight management at the top of the priority list. If you are trying to lose weight, you may be able to get a discounted gym membership and free visits with a certified nutritionist.

4. Hot Tubs

This may seem crazy, but you can actually get a hot tub through your insurance company. That is, if you have a legitimate reason and can get a recommendation from your physician.

Keep in mind that it’s always smart to check with your insurance broker to review your coverage options. The Insurance Protection Specialists in Flowood, MS will help you determine if you are eligible for any of these services.

Can You Take Out Life Insurance on a Child

For those that have children, serious illness and other accidents are always at the forefront of their worries. While taking out life insurance policies on yourself to protect your loved ones may seem simple, it is a bit more difficult to determine who you can take out policies on when they are not yourself. For those that live in the Flowood, MS area, the agents with Insurance Protection Specialists can help you find the policy that works for you.

We all know you can take out a policy on yourself and your spouse but taking out a life insurance policy on your children may be a bit murkier. For those that do have children the simple answer to the question can you take out a policy on your kids is yes. There are some stipulations however that you must meet in order to be able to take out a life insurance policy on your children. The first is that they must be your biological children or your children by marriage that you have adopted legally. The reason for this is that you have to have a vested interest in the child before you can take out a policy.

This is to prevent people from taking out random policies on children and people that they do not know. The second stipulation is that when the child turns 18, you are likely either going to transfer the ownership of the policy to the child or cancel dependent on the policy regulations. Your child can borrow against the policy for things like a car or for college and in many cases, your child can benefit greatly from having a policy in place. For those that live in the Flowood, MS area, the agents with Insurance Protection Specialists can help you find the policy that is right for you.

Can Anyone Take Out Commercial Insurance

Insurance is something that every business owner needs and those that have any sort of commercial interest. For those that do own a business, insurance is something that is not only necessary but also highly recommended and most business owners have a commercial policy in place. The question is, can anyone take out a commercial policy?

For those in the Flowood, MS area, the agents with Insurance Protection Specialists can help you find the policy that is going to be right for you. As with most specialty policies, there are some stipulations that help make commercial policies different than your average policy. For most commercial policies, you cannot take one out unless you have a business of some sort for which the collateral can be put.

Since a commercial policy is a specialty policy that may have lower rates, special benefits, and special coverages, you cannot take out a commercial policy unless you have taken the time to work with an agent to prove you have a business and to make sure that your business meets all the requirements of the policy that you are looking to take out. You should make sure that you are using your policy correctly and that you are not overreaching so that if there is something that happens you are able to draw on the policy as needed.

For those that live in the Flowood, MS area, the agents with Insurance Protection Specialists can help you find the right policy that works for your needs even if you do not have a commercial policy. It is important that you have the right coverage so that if there is an issue you can draw on the policy to recover adequately rather than having to take a loss on what happened.

Is Commercial Insurance Legally Required for My Business?

Commercial insurance is used by businesses to protect them against a number of different tragedies that may befall them. It’s often the only thing that stands between a business and out-of-pocket bills that they’re likely unable to pay. But do you need to have it? Insurance Protection Specialists can help you decide what’s right for you.

When You Need It

Commercial insurance is a legal requirement if you have a business with employees in Flowood, MS. All employees are required to have some type of workers’ compensation in the case of an accident or injury. Just one small trip and fall can end in multiple surgeries and months of missed work. Employers may be required to pay for not just the lost wages, but also the rehabilitation as well. In addition, if you rent an office from someone or you finance your space, you may be required to have commercial insurance from your landlord or the bank.

When You Don’t Need It

Let’s say you’re a one-person show when it comes to your business. You operate out of an office that is entirely paid off and owned by you, and you deal with clients solely over the phone or online. In this case, you aren’t required to have commercial insurance (though there are reasons to still get it anyway.)

What To Do

No matter what you do, insurance can be complicated. If you’re in Flowood, MS and want to know more about how to approach commercial insurance, then give Insurance Protection Specialists a call. No matter what you do and no matter how low your overhead is, you may not want to replace everything if it was lost in a natural disaster. From your electronics to your inventory, commercial insurance can be a huge help.

Why Life Insurance Needs to be a Part of Your Investment Portfolio

Many people look at life insurance as a way to protect their family’s financial health after their death. While it does perform this function very well, there are many more positive aspects to comprehensive life insurance. Insurance Protection Specialists is here to serve the life insurance and planning needs of the citizens of the greater Flowood, MS area. If you are in the process of reviewing your current life insurance coverage, please allow us to work with you to maximize your coverage as part of your overall investment portfolio.

Why Comprehensive Life Insurance Needs to Part of Your Investment Portfolio

One of the main reasons that life insurance is such a popular financial tool is the favorable tax treatment that the proceeds received. Whole life, variable life, and universal life are all permanent policy options that grow on a tax-deferred basis. Such policies are also valuable diversification tools that work to lessen the overall financial risk to which your portfolio is exposed.

The cash value of such permanent policies can be accessed for large payments such as the purchase of a family home or to cover the costs of college tuition. Our agents are fully trained in this line of business and are here to help you to maximize your investments and further diversify your financial investment portfolio with the use of a permanent life insurance policy.

Please give us a call today at (601) 992-4040 to schedule an appointment with the Insurance Protection Specialists. Our agency is proud to serve the greater Flowood, MS area and we are here to help you procure the most comprehensive life insurance coverage that you require and strengthen your overall investment portfolio. Our agents look forward to working with you soon!

When Can You Change Health Insurance Outside of Open Enrollment?

People have a lot of questions about health insurance. As a general rule of thumb, plans have an open enrollment period only one time per year. If you do not make any changes to your plan during open enrollment period, you may be stuck with it until the following year. However, there are a few instances when you can change your policy outside of open enrollment. Here at Insurance Protection Specialists, serving the greater Flowood, MS area, we want you to know when this is so you don’t miss out. Here are the instances when you may be able to change your health insurance outside of open enrollment.

Loss of Health Insurance Coverage

If you have lost your health insurance coverage, either because you lost your job, had your hours cut, got a divorced or reached the age where you were taken off your parent’s policy, you are eligible to enroll in a new policy when this occurs.

Getting Married

After saying “I Do” to your new spouse, both you and your spouse are able to change your health insurance plans. There is a common misconception that you have to add your spouse to your policy to make the changes, but this is not true. You can still retain an individual plan.

Welcomed a Baby

The last reason why you may be able to change your health insurance plan outside of open enrollment is that you welcomed a new baby, either by giving birth or adopting the baby. Pregnancy does not allow you to change your plan, only welcoming the baby does.

If you meet one of these criteria, you have 30 to 60 days to change your plan. Contact Insurance Protection Specialists, serving the Flowood, MS area today to begin the process of changing your plan before your window closes.

Why should you have a recreation insurance cover?

To most people, recreation insurance sounds like a cover you take when you or your family members are going for a vacation. However, it is not an individual cover. Recreation insurance is a policy which is meant for business persons who offer or provide recreational activities. So, if you are in the amusement or entertainment industry, it is time you got a recreation insurance cover.

We as Insurance Protection Specialists are here to guide you. We have employees who are friendly, experienced and well-trained to help you understand more about recreation insurance. However, in simple terms, recreation policy is a coverage which protects businesses if a client gets injured while on the site.

Some people may not see the need for this cover because they assume they have instructors guiding clients in each activity but you can never be so sure of what will happen. If you offer services such as swimming pools, rock climbing wall, hiking activities, team-building activities and ropes course among more, there are many risks involved.

Remember, you are dealing with human beings, and that means you have to be extra careful. Someone may sue your company for negligence or someone may get hurt so badly while on the site. At that point, the law requires you to pay medical bills for the injured parties and any other financial loss as a result of the recreation services you offered.

With this insurance policy, your business is protected from using its revenues and savings to cover for risks. That means whichever the risk no matter the damage; you business remains in operation. Keeping in mind that there will always be people looking to have fun, it is best that you protect your investment.

If you live in Flowood, MS, the team at Insurance Protection specialists is there to listen to your needs. Once you visit our offices, we will guide and advise you accordingly. So, feel free to visit our offices or call us for more information.