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BUSINESS INSURANCE

Please choose one of the following four categories to view frequently asked questions for each.

 

Business Insurance

Personal Insurance
Q: What is Business Insurance?
A: We strive to understand your risk tolerance and financial ability to withstand the spectrum of potential losses and develop insurance programs to protect you.
   
Q: What types of risks do I need to consider when purchasing Business Insurance?
A:

Common business risks are:
- Risk of property damage
- Risk of Inventory Loss or Damage (through spoilage, etc)
- Risk of Loss from Employee Theft
- Risk of Various Liabilities (including injuries to customers or to others)
- Risk from Errors and Omissions Liabilities
- Business Interruption Risks
   
Q: What are property risks?
A: Risks for commercial property include a number of direct risks as well as some indirect ones. A direct risk would be from fire or flooding damage to the building where you do business, regardless of whether you rent, lease or own the property. An indirect exposure would be the business lost because of damage caused by a fire or flood to that property.
   
Q: What are casualty risks?
A: These include such risks as workers' compensation, automobile coverage (for business vehicles) and liability coverages. Since there are various types of potential liability for a business (involving actions of employees, product defects, etc.), it is important to recognize all the liability exposures and make sure that you have adequate insurance against any risk exposure that may be significant for your business.
   
Q: What is risk analysis?
A: Risk analysis is a process by which you consider all the possible insurance risks and determine which are the most significant for your business.
   
Q: How often should I review my coverages?
A: Business Insurance review should be done annually to minimize your exposure to risk. Many insurance premiums come due or up for reevaluation annually.
   
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PERSONAL INSURANCE

Q: What is Personal Lines Insurance?
A:

Personal insurance safeguards your assets, family and health. We built our business by helping our clients manage risk, recover unexpected losses, and secure their financial futures.
   
Q:

How can I save money on my insurance?
A:

There are several ways to potentially lower your premiums. However, first you need to consider what you want your insurance policy to do for you in time of need. You can increase your deductible which will lower your premium, but cost you more when you need to file a claim. Many insurance companies offer a discount if they insure both your home and auto or insure multiple autos on the same policy. At Korthase Flinn, we can show you ways of lowering your premiums up front. without jeopardizing important coverage.
   
Q: Can I purchase an Individual or family health insurance policy?
A: Yes, we offer a selection of individual and family health insurance plans that provide long term protection for you and your family at competitive rates. You can also purchase individual, dental or vision plans if they are not offered by your employer.
   
Q: What is a Personal Umbrella Policy?
A: It is an excess liability policy that provides additional coverage over the limits provided in your home and automobile policies should you become legally obligated to pay damages because of bodily injury or property damage.
   
Q: What coverages are available for college students?
A:

Your homeowner’s policy may not fully cover your student’s personal belongings while they are way at school. Most policies have limitations on certain property that is outside the principal residence. Coverage is available to protect your student’s personal property such as computers, electronics, musical instruments, etc. if they are stolen or damaged.  Also, individual health insurance is available if your student is not covered under your healthcare plan.
   
Q: How do I place an auto or homeowners claim?
A:

To request a quote you can simply call us toll-free at 1.800.303.4113, e-mail info@korthaseflinn.com or visit one of our three convenient locations shown below:

In Boyne City:
    1150 Boyne Ave.
    Boyne City, MI 49712
    Phone: (231) 582-6512
    Fax: (231) 582-7130
In Petoskey:
    1098 Bay View Rd.
    Petoskey, MI 49770
    Phone: (231) 348-8121
    Fax: (231) 348-7983
In East Jordan:
    100 Main St. Suite 5
    P.O. Box 458
    East Jordan, MI 49727
    Phone: (231) 536-2268
    Fax: (231) 536-3277
   
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