Please read our blog about a wide variety of insurance topics. Please feel free to ask us any questions.
Business Owners Package Insurance: What You Should Know
Posted: September 25, 2017
Business Owners Package Insurance: What You Should KnowMany small to medium sized businesses can get business owners package insurance (often called "BOP”), which simplifies the entire insurance coverage problem. A business owner package insurance policy is more affordable, as there are several forms of insurance in one "package.” All business owners have concerns about staying protected against financial losses, and for good reason. It is impossible to know what the future will...
The Importance of Key Person Insurance for Small to Midsize Businesses
Posted: August 24, 2017
The Importance of Key Person Insurance for Small to Midsize BusinessesKey person insurance is life insurance on a proprietor, partner, or a valued employee who is key to the successful operation of a business. Small and midsize businesses typically have one or a few key persons who are primarily responsible for generating revenue. Examples include the partners in a two-attorney law firm, the sole cosmetologist in a small beauty salon, or the owner-founder chef of...
How Small Businesses Can Avoid Insurance Mistakes
Posted: August 4, 2017
It takes hard work, dedication, creativity, and tenacity to get a small business up and running successfully, and it makes sense to have the right insurance coverage in place to protect it. In fact, purchasing business insurance may be one of the most important decisions you make. The right coverage can help prevent unforeseen events from ruining all you have worked so hard to build....
The Importance of Workers' Compensation
Posted: July 3, 2017
The Importance of Workers' CompensationAt Lowdermilk & Associates, we know how important workers' compensation insurance is for your business. It can be one of the largest expenses your business pays, and there are various insurance markets for your specific industry. You need an agency that will do the legwork to find the policy that will be most affordable and best suit your enterprise. We proudly serve business owners and...
Small Business Health Benefits: How to Lower Your Costs
Posted: June 21, 2017
Small Business Health Benefits: How to Lower Your CostsBy John Lowdermilk You may think you have one option to control the rising costs of small business employee benefits - shop plans and compare rates. But I’m happy to tell you that you have other options and can lower costs and improve employee satisfaction. In addition to Traditional Employee Benefit Plans, Level-Funding and Partially Self-funded Employee Benefit Plans are viable alternatives for small business...