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Types of commercial insurance that most businesses can benefit from

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Running a business inherently involves risk. Predicting all the potential issues that could harm your business is impossible, but commercial insurance provides the best possible protection. At Storey Insurance in Senatobia, MS, we offer our commercial customers personalized service and conduct a risk assessment to identify the most significant risks to their business.

Commercial Property Insurance

Commercial property insurance is crucial coverage, even if you’re renting your business space. If you own the building, it provides similar protection to home insurance. Beyond that, it covers the essentials for conducting business. This includes inventory, display units, registers, records, and office equipment for a retail business. For a factory, it covers machinery, raw materials, inventory, tools, office equipment, and more.

Commercial Liability Insurance

Each year, one in three businesses faces a lawsuit. This alarming statistic highlights the importance of commercial liability insurance. Not only could you face a judgment against you, but the legal costs could put you out of business. Commercial liability insurance helps protect you and provides the funds needed to keep your business operating if you’re sued.

Business Interruption Insurance

When a covered peril impacts your business, your income flow stops, but your bills don’t. Business interruption insurance provides the funds to pay your bills and allows your business to recover.

Contact us at Storey Insurance in Senatobia, MS, and let our team provide the choices an independent insurance agent can offer.

Will Home Insurance Cover Lightning Strike?

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Your homeowner’s insurance policy will pay to repair or replace your home if a covered event occurs, but is lightning one of those covered events? The professionals at Storey Insurance, servicing Senatobia, MS, can help answer this question. If a lightning strike has damaged your home, knowing what your home insurance will cover and what to do next is important. Our insurance agents are here to help.

Does Home Insurance Cover Lightning Strike?

Most home insurance policies do cover lightning strikes. This includes lightning striking your house and damage that may occur if a nearby tree is struck by lightning and falls on your house or other structures on your property. Lightning strikes can cause a fire and may damage appliances and sensitive appliances. If your home has been affected by a lightning strike, your home insurance policy could be a very important part of your recovery.

What Should You Do If Your Home Is Struck By Lightning?

If your home is struck by lightning, the first thing you should do is get yourself and your family members to safety. Call for emergency services and vacate the area if your home is on fire due to a lightning strike. If your home is not on fire, you can assess the damage. Your appliances and sensitive electronic equipment may be damaged or ruined.

Once you’ve assessed the damage, contact your insurance agency. You may need to file a claim to get your home and personal belongings repaired. Your insurance agency will likely send a claims adjuster to your home to assess the damage. They may also ask you to take pictures of the damage, keep any receipts for items you purchase, and fill out forms.

Do you have questions about recovering from a lightning strike? Call Storey Insurance, servicing Senatobia, MS. We can help.

The Importance of Auto Insurance in Hit-and-Run Situations

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Dealing with Hit-and-Runs: The Role of Auto Insurance

Driving should be a stress-free experience, but hit-and-run incidents can turn it into a nightmare. At Storey Insurance, providing insurance solutions to residents in Senatobia, MS, we’re here to help you navigate these unexpected challenges confidently.

Understanding Hit-and-Runs

A hit-and-run occurs when a driver involved in an accident leaves the scene without exchanging information. This can leave you feeling vulnerable, especially when you have damages and injuries to handle on your own. It’s a frustrating situation that can happen to anyone, and being prepared is key.

The Importance of Auto Insurance

Having comprehensive auto insurance is essential in these situations. It helps cover the cost of repairs to your vehicle, even if the other driver isn’t found. Additionally, uninsured motorist coverage can protect you financially when the responsible party is unknown, ensuring you’re not left with unexpected expenses. This coverage can be a financial lifesaver, allowing you to focus on what truly matters: your safety and recovery.

Why Coverage Matters

Having the right coverage means you can focus on recovering and moving forward without the financial burden. It offers peace of mind, knowing you have support when needed. In the chaos of a hit-and-run, this assurance is invaluable. You can drive confidently, knowing you’re protected against the unknown.

Take Action Today By Calling Us

If you’re uncertain about your current policy or want to explore better options, reach out to Storey Insurance. We proudly serve the community in and around Senatobia, MS. Our experienced team is committed to helping you find the best coverage to keep you secure on the road. Contact us today to ensure you’re fully protected against the unexpected. Let us provide you with the peace of mind you deserve.

What can happen if a Mississippi business does not carry commercial insurance?

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Commercial Insurance: Safeguard your Business in Senatobia, MS

As a business owner in the Senatobia, MS, area, you can reap numerous advantages from the local economy’s vibrant dynamism. However, it is vital to ensure that your business is constantly secured with Insurance coverage. Proceeding without adequate insurance can lead to various unforeseen implications.

Potential Financial Losses

One of the chief consequences of not having commercial insurance is that your business can face financial losses. A commercial insurance plan provides financial protection to a company in various ways. It offers crucial support in case you are liable for an accident or lose assets due to theft or damage. Commercial insurance provides coverage in all these situations.

Violating Agreement Conditions

Without commercial insurance, your business could potentially violate agreement stipulations. Commercial insurance provides significant coverage for businesses. Due to this, many stakeholders like lenders, customers, vendors, and investors require that you maintain it at all times. If you don’t carry commercial insurance when required, you could inadvertently violate significant agreements or face other penalties.

Acquiring Commercial Insurance with Storey Insurance

Ensuring your business in Senatobia, MS has adequate commercial insurance should always be a top priority. When you’re ready to explore insurance coverage for your business, connect with our team at Storey Insurance. Our professionals are equipped to evaluate and understand the specific risks associated with your business and craft a fitting policy accordingly. Working with Storey Insurance is your first step to ensuring your business has the right amount of protection.

Filing a Claim for Theft or Burglary in Home Insurance

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Dealing with a theft or burglary at home in the Senatobia, MS, region can be overwhelming. Fortunately, home insurance can help cover the loss of stolen belongings and damage to your property.

Evaluate the Damage and Loss

Once you discover a theft or burglary, prioritize the safety of everyone in your home. After ensuring everyone is safe, assess the damage by documenting everything thoroughly. Take clear photographs and videos. Include descriptions, estimated values, and identifying details supporting your claim.

Report to Law Enforcement

Provide the authorities with all relevant details, including the items stolen and any damage to your property, by filling out a police report. Keep a copy of the police report for your records and submission to your insurance provider.

Notify Your Insurance Company

Inform your home insurance provider as soon as possible after the incident. Submit all relevant documentation, including the police report, photos, videos, and your stolen item inventory. Be ready to provide detailed information about the incident, the losses incurred, and the value of the stolen items.

Cooperate with the Claims Adjuster

A claims adjuster will handle your case. The adjuster will evaluate your documentation, assess the damage, and verify your losses. Fully cooperate with the adjuster, providing any additional information they may need. Their assessment will determine the amount of compensation you receive.

Settling the Claim

After the adjuster’s evaluation, your insurance company will process the claim and present an offer. Negotiate or submit additional evidence to support your case. Once a settlement is agreed upon, the insurer will issue payment, helping you recover from the incident and replace stolen items.

Storey Insurance Is The Go-To Insurance Company

Storey Insurance offers our expertise regarding your insurance needs. We serve the surrounding areas of Senatobia, MS. Call today.

Understanding Your Auto Insurance Options in Senatobia, MS

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In most states in the US, drivers are required to carry minimum state liability insurance coverage to protect themselves and others on the road. Mississippi adheres to this rule as well. Local drivers here must carry liability insurance or comprehensive auto insurance to cover expenses related to non-fault and at-fault car accidents.

Drivers caught on the roads without adequate insurance risk hefty fines and even jail time, depending on the severity and frequency of their insurance violations.

Contact the professionals at Storey Insurance to better understand your insurance options in Senatobia, MS.

Senatobia, MS Auto Insurance Options

Auto insurance options in Senatobia range from basic, liability-only insurance policies to comprehensive coverage policies that cover an array of common and uncommon perils.

Driving an automobile in Senatobia, MS, without auto insurance is not an option.

What Are the Minimum Insurance Requirements for MS Drivers?

The minimum insurance requirements include liability insurance. This coverage protects other drivers in the event of an accident where you’re at fault. Liability-only policies shield drivers from having to pay out-of-pocket costs for medical claims, personal injury claims, and other legal liability claims that may result from an accident. 

Comprehensive Insurance Coverage Offers a Total Solution

Comprehensive insurance is a nice fit for local drivers looking for broader auto insurance coverage that also applies to them and their passengers and covers repair or replacement of their current vehicle. Comprehensive insurance covers various accident-related perils and non-accident-related perils like natural disasters, theft, and vandalism, which can help policyholders reduce out-of-pocket costs.

For a more personalized approach, discuss with a licensed insurance agent at Storey Insurance in Senatobia to understand your best insurance coverage options and get a customized auto insurance quote today!

How Commercial Insurance Protects You Against Cyber Threats

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Do you collect personal or medical information from clients in your line of business? With the rising tide of hackers targeting small businesses, adding cyber insurance to your policy is a sensible move. The knowledgeable agents at Storey Insurance in Senatobia, MS, are ready to help you understand cyber insurance and what it covers.

What Protection Does Cyber Insurance Provide?

Adding cybersecurity to your commercial insurance policy generally assists in compensating for financial losses that occur after a cyber-attack. These losses may encompass data recovery, extortion, hacking, and notification costs. Our team stands ready to help you comprehend the different types of coverage available and their potential benefits to your business.

What’s Included in Cyber Insurance?

It is mandatory under state and federal laws for businesses to notify their clients following a data breach involving their personal information. Cyber insurance can assist in covering the costs related to the notification process.

If your computer systems are compromised, you might be required to bear the expense of restoring personal identities. In addition, data breaches involving the theft of personal information could invite lawsuits, meaning you should ensure your insurance covers legal fees.

In some circumstances, hackers might corrupt or eliminate sensitive data. As a result, you might need to enlist the services of data recovery experts to retrieve data and rehabilitate computer systems affected by the attack.

What If Hackers Hold Your Company for Ransom?

Ransomware can deny you access to your own computer systems. With cyber insurance, you are provided aid in meeting ransom demands or attempting to apprehend the responsible parties. Cybersecurity specialists can help steer you through the complexities of recovering missing or stolen data. There are also privacy regulations and policies that you’ll be required to comply with. With the right insurance, you can afford to bring in experienced experts to guide you through recovery.

To schedule an appointment or request a cyber insurance quote, contact the team at Storey Insurance in Senatobia, Mississippi.

Why It’s Important to Find the Right Agent When Shopping for Home Insurance

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You know that finding the right insurance policy is important, but did you know that finding the right agent is also important? Finding the right agent makes it easier to find the right policy, and when you have to file a claim, that insurance agent will be there to help you through the process. 

At Storey Insurance, servicing Senatobia, MS, we help our customers find the right policy. We offer many insurance products through a variety of carriers, so we can help you find the best policy for your budget and needs. Below are two reasons why it’s important to find the right insurance agent when shopping for home insurance. 

Your Agent Will Help You Find the Right Policy

A good agent shops around with different insurance carriers to help you find a policy. During this process, your insurance agent will ask you about your insurance needs and listen when you provide information about your home, budget, and the level of protection you’re seeking. 

A Good Agent Will Be Responsive When Filing A Claim

A good agent is someone who gets back to you when you inquire about filing a claim. They’re fast to respond, and they prioritize your needs. When you have questions, they want to be there with answers. Since most people only file a claim after a disaster or stressful event, you want your agent to be as helpful as possible under these circumstances.  

At Storey Insurance, servicing Senatobia, MS, our agents are committed to ensuring that our customers get the type of home insurance policy that’s best for their needs. Find out what a difference it makes when you get home insurance from our agency. Call today. 

Three Types of Coverage in Your Auto Insurance Policy

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Your auto insurance policy serves as a shield against financial loss, provided through different kinds of protection. Some of these protection types are legally required, while others are optional. Your specific coverage will rely on what you opt for when drawing up your policy. If you want advice on choosing auto insurance in Senatobia, MS, Storey Insurance is here to guide you.

Bodily Injury Liability

This coverage bears the cost when the other party suffers an injury in an accident involving you. If the accident is determined to be your fault, the justice system will hold you liable for all medical bills and other resulting costs. Without bodily injury liability, the high cost of medical bills might lead to bankruptcy.

Property Damage Liability

Another key liability coverage comes into play for any damage caused to another party’s property involving your vehicle. This typically covers the cost of repairing a vehicle, but it can also extend to the damage inflicted on structures, plants, or other properties by your vehicle. This is an essential coverage that every driver must have for protection against accidents.

Collision Coverage

Although this coverage is not required, it is crucial as it covers damages to your vehicle after an accident that was your fault. This safeguards you and ensures you have a functional vehicle even after an accident.

Acquire Auto Insurance

In Mississippi, every driver is required to have auto insurance. To learn more about what it offers and how to get one, call Storey Insurance in Senatobia, MS.

Five Ways Commercial Insurance Helps Senatobia, MS Businesses to Thrive During Tumultuous Times

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Today’s unpredictable business landscape calls for Mississippi business owners to protect their proprietary investments against potential risks. Trusted insurance professionals at Storey Insurance in Senatobia, MS can help protect your enterprise with commercial insurance.

How Businesses Thrive During Tumultuous Times

Having the right insurance can make all the difference during tumultuous times. Unexpected business shutdowns from natural disasters like hurricanes, tornados, or fires can leave local business owners reeling from financial fallout. 

Get Liability Coverage and Property Protection for Business Owners 

Accidents on your premises can lead to lawsuits, liabilities, and claims for medical damages or bodily injury. Commercial insurance with property protection can shield your business from these costly claims. 

Business Interruption Insurance Benefits

Sudden shutdowns can lead to financial losses that can throw a wrench in your everyday operations costs for purchasing products, meeting payroll, and business-related expenses. Talk to a trusted agent to find out how business insurance can help keep your business running during times of crisis. 

Protect Your Employees with Worker’s Compensation

Work-related injuries or illnesses can severely impact your business and employees. Business insurance with workers’ compensation coverage can help replace lost wages, cover medical expenses, and show commitment to the safety and well-being of your employees. 

Cyber Liability Shields for Data Protection 

Today’s businesses rely heavily on the use of computers and databases filled with proprietary customer data to keep their operations moving. Protect your customer data, proprietary files, and operating systems from breach or attack by investing in commercial insurance with cyber protection. Avoid the devastating effects that a shutdown, natural disaster, or workers’ compensation claim can have on your business.

Contact the experts at Storey Insurance in Senatobia, MS, and get a commercial insurance quote today!