detroit

What Is Cyber Insurance?

Posted on by admin

When a business has a computer network, and most businesses do, it can be vulnerable to various threats. You can guard against some of these threats by getting cyber insurance. It’s a type of commercial insurance that virtually all businesses need to protect themselves against problems like data breaches. When these happen, it can be catastrophic. Some companies have gone out of business after a serious data breach. It’s important to protect your business’s network properly to avoid this fate. To get cyber insurance, call us at Premier Insurance Agency, serving Detroit, MI.

Protection Against Breaches

When data is breached at a business, the data can be used in many ways. It can be stolen and sold on the dark web. It can be taken and posted somewhere for everyone to see. It may even be held hostage. When a data breach happens, it’s often the personal and/or financial information of employees and customers that gets stolen. This is valuable information that can be lucrative for the thieves. There’s a lot of incentive to steal this information, and virtually every business is vulnerable. This type of commercial insurance gives you protection in case this were to happen, so you can get back to doing business.

Paying for the Aftermath

Once a data breach has happened, it can cost a lot to take care of the problem. It may be necessary to pay a settlement to the people whose data was stolen. This is a common way for businesses to handle the problem, thanks to the lawsuits that often follow. Your cyber insurance can take care of these settlements. 

Get Cyber Insurance

When you need commercial insurance, we’re here to help. Just contact us at Premier Insurance Agency, serving Detroit, MI, to find out more.

Home Insurance and Natural Disasters: What to Know

Posted on by admin

Michigan homeowners don’t always think of natural disasters the way people in other states do, but that doesn’t mean the risks aren’t real. Heavy snow, ice storms, flooding, and even the occasional tornado can leave serious damage behind. Knowing what your home insurance through Premier Insurance Agency serving Detroit, MI covers before something happens can make all the difference.

What’s Typically Covered

Standard home insurance policies in Michigan generally include protection for wind, hail, and damage caused by falling trees or branches. That means if a winter storm takes down part of your roof, you’ll likely be covered. Fire damage is also included, which is important after events like lightning strikes during summer storms.

Where Coverage Falls Short

Flooding is a major gap. Rising water from heavy rain or overflowing rivers isn’t included in a standard policy. Homeowners near lakes or low-lying areas often need separate flood insurance for full protection. Earth movement, such as sinkholes, is another area where standard coverage usually won’t apply. Knowing these exclusions ahead of time helps avoid unwelcome surprises.

Extra Protection to Consider

In Michigan, endorsements or add-ons can be a smart move. Sewer and drain backup coverage, for example, is valuable during the spring thaw when water tables rise. Extended replacement cost coverage can also help if rebuilding after a disaster costs more than expected due to labor or material shortages.

Natural disasters may not be everyday concerns in Michigan, but when they strike, the impact is serious. Reviewing your policy with an agent at Premier Insurance Agency serving Detroit, MI, ensures you’ve got the right mix of coverage so your home and the investment behind it are protected no matter what the weather brings. Contact us today, and we’ll be happy to review your existing coverage or get you covered with what you need.

Recreational Insurance Coverage That Protects Against Catastrophic Events

Posted on by admin

Do you use your recreational equipment regularly during certain times of the year? A catastrophic event could unexpectedly damage your equipment. Review the scenarios below, and ensure you have adequate recreational insurance coverage to protect your investments.

Exposed Parking and Storage

If you store your recreational equipment in a parking lot or storage area exposed to the elements, it may sustain damage from high winds, rain, or other weather conditions. Recreational insurance can provide coverage for damage to your equipment, mechanical issues, and lost parts, ensuring your equipment is protected even in challenging conditions.

Accidents

Accidents can occur during catastrophic weather events. For example, if visibility is severely reduced while operating recreational equipment, such as an ATV, you could crash or damage your equipment. Collision coverage is designed to protect your equipment from body damage and mechanical failures while it is actively being used.

Unintentional Damage

Unintentional damage to another person’s vehicle or property can happen, especially during a catastrophic event when risks are elevated. If you are held liable for the damage, liability insurance can cover the costs associated with repairs or replacements resulting from the incident.

For Advice From an Insurance Agency in Detroit

It’s essential to secure sufficient recreational insurance coverage before using your equipment. Start by preparing a list of the recreational items you own, including their model numbers and descriptions. This will help ensure all your equipment is adequately insured.

Contact one of our Premier Insurance Agency representatives for personalized guidance. Our agents will assist you in preparing your new insurance documents during your consultation, so you can enjoy peace of mind while using your recreational equipment.