Peter B. Crilly Edgewater

We Sell Maryland Farm Insurance

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tractorWhether your farm is large or small, you’ll want to protect your investment with the right kind of farm insurance.

Standard coverages available under a farm policy include property damage coverage and liability coverage.

  • Property damage coverage  protects your farmhouse, outbuildings or household belongings if they are damaged or destroyed by the unexpected consequences of a fire,  hail storm or tornado .
  • Liability coverage  pays for damages if you unintentionally cause injury to another person, or if you unintentionally cause another person’s property to be damaged or destroyed .

Farm machinery, crops, livestock– can all be insured in a number of different ways. 

IF you have employees working on your farm, you may need to purchase workers’ compensation coverage . To be certain you obtain proper coverage and an accurate quote, you should have a list of all your employees, their titles and a description of the work they perform, as well as the number of hours they work and the wages they earn, with a summary reflecting the total number of employees and the total payroll . 

More and more farmers are turning to agri-tourism. If your business includes these types of operations, make certain you have the appropriate type of insurance and the appropriate amount of liability coverage to protect you in the event someone becomes sick or injured while on your property . 

If you operate businesses at your farm, including a farm stand, hayrides, pumpkin patches or corn mazes or you host events such as parties or weddings– you may need a business policy as opposed to a farmowners policy . If you sell particular products, such as jams, pies, fruits or vegetables, consider purchasing a policy to provide you with product liability coverage . The best way to be certain you have the proper insurance in place and to protect yourself against losses before they happen is to have your insurance agent walk around with you to inspect it and discuss in detail your farm operations .

 Remember it is important to conduct periodic self-assessments to evaluate any safety risks. Your insurance agent can help provide the professional resources to help you assess risk.

Today’s farmers and agri-business owners need a suite of insurance products designed to protect their hard-earned investments. At Crilly Insurance, we can provide the coverages you need.

We can provide you with affordable Farm Insurance solutions. Call us at 410-571-1771 for a full evaluation of your Farm Insurance needs.

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DOES YOUR SMALL BUSINESS NEED LIABILITY INSURANCE?

/ Nadja Maril / Leave a comment

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Owning your own business is an exciting responsibility. You have the freedom to take your business in whatever direction you’d like to take; but in order to get there it’s important to protect your hard work.

There’s a lot to keep track of—making payroll, employee retention, building your brand, and expanding client base. But one thing you don’t want to forget about, is purchasing the liability insurance you need when you need it.

 

What should you look for? Here are some important points to consider when purchasing small business liability insurance.

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Do You Have Employees?

If your small business has employees, you could be responsible for the actions they take. Even if you do everything right, your business could be sued if one of your workers injures a client or causes an accident.

Having the correct liability insurance policy can protect you from the actions of your employees. As the employer, the ultimate responsibility falls on you, and without the right insurance, you could find yourself on the wrong side of a costly judgment.

 

Who is Doing the Driving?

If your business requires travel, you will need to make sure you are protected from liability. Keep in mind that your personal automobile insurance policy may not cover you for business travel. If you have an accident you could face enormous costs.

A commercial auto insurance policy provides protection for business driving. In some cases, you may be able to add this coverage to your existing automobile insurance policy. In other cases, it may make more sense to purchase coverage elsewhere. No matter what the case, it is important to protect yourself during your business travels.

Running a small business is hard, and it is important to protect yourself. Simply owning a small business could put you in the crosshairs for nuisance lawsuits and costly litigation, but taking proactive measures and having the right insurance coverage in place means you can spend less time worrying and more time building your business.

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How Vulnerable is Your Business to Lawsuits?

Not every small business faces the same threat of lawsuits, so it is important to assess your own situation. If you run your business out of your home and serve your clients remotely, the risk of injury-related lawsuits is probably pretty low. If, on the other hand, you see a steady stream of visitors and customers, your liability risk goes up exponentially.

Some kinds of businesses, like sports training and healthcare, are also more likely to be sued. If you run a particularly risky type of business, a quality liability policy is an absolute must.

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Do You Own or Rent Property?

In many cases, business insurance will be required when signing a commercial lease. If you plan to lease space for your business either now or in the future, having a general liability and property insurance policy in place will make the process easier.

Many commercial landlords require this type of insurance, and not having a policy on place could scuttle your plans and hold back your growth. Even if you do not currently lease office space, you never know when you might need it.

 

At Peter B. Crilly & Associates, protecting your business is our priority. Call us at 410-571-1771 or Contact us at GasconK@nationwide.com

 

Cyber Insurance

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Understanding the importance of business insurance is a business lesson, far too many entrepreneurs  learn too late.  At Peter B. Crilly & Associates we’ve seen it too many times– only when unforeseen events happen and something is stolen or damaged, do new business owners realize  they should have invested in insurance for their companies.

One important coverage you may not be aware of is Cyber Insurance.IMG_6838 Cyber- crime is a growing threat to both large and small companies. You may think your business won’t be targeted, but criminals won’t care if you are an entrepreneur building a small business or launching a startup company. The funds you spend to invest in cyber security measures and damage/vandalism insurance is an expenditure you won’t regret.

At the Peter B. Crilly  Associates we offer commercial insurance packages that include cyber coverage to protect:

Data Breaches

Notification Costs

Credit Monitoring

Website Media Content

Costs to defend claims by state regulators

Cyber coverage plans for businesses come in all shapes and sizes. Our friendly agents can help put together a policy just for you. We’ll find one that is both affordable and reliable. Call us at 410-571-1771 or email Kgascon@crillyinsurance.com

How To Keep Your Insurance Costs Down

/ Nadja Maril / Leave a comment

peter-and-carJust opened your insurance bill?  If you are like most people, you’re unhappy your rates have gone up and your want to know why/. You also want to know what you can do to pay less. At Peter B. Crily & Associates we want our customers to know the facts and learn ways they may be able to lower their premiums. We’ve written this blog post to try to help you out.

The answer to the first question is fairly straightforward.  Although cars have added many safety features and there are less traffic fatalities, Americans love their gadgets and engage too closely with their phones.  Everyone is rushing to get somewhere and juggling several activities at once.  The result is distracted driving and more auto insurance claims. More claims mean everyone pays because the risks are spread out among consumers.  The result is higher insurance premiums.

How can you lower your bill? If you are not already bundling insurance policies together for a discount, begin now.  Buy policies from same insurer and you are likely to pay a lower rate. Nationwide Insurance offers discounts for multiple cars, car and home, and a variety of combinations. At Peter B. Crilly & Associates, our agents will sit down with you and provide multiple quotes to compare with other policies you may currently have with competing carriers and then you can decide what is best for your needs.

Another way to lower your insurance premiums is to raise your deductibles. You can significantly reduce premiums for auto and homeowners insurance by carrying a higher deductible. According to the Insurance Information Institute, Increasing your auto insurance deductible to $500 from $200 could reduce your collision and comprehensive coverage by 15% to 30%.  Reducing your deductible even more could further slash the cost of your premiums, but make certain your have the resources to pay the out of pocket expenses in case you are in an accident.

Are you getting all the discounts you are entitled to?  If you have a safe driving record, work from home, or live close to work you may qualify for additional discounts.  If you have teenage drivers and they are good students with a GPA of 3.00 or higher you will also qualify for discounts.

One of the ways that insurance premiums are determined is on the basis of your credit rating.  It is very important to maintain good credit. There is a statistical correlation between  credit scores and the likelihood of an insurance claim being filed.  What that means is that drivers and homeowners with low credit scores pay higher insurance rates than consumers with excellent credit ratings in most states. In order to maintain a good credit score check your credit reports on a regular basis to make certain they are accurate. Pay your bills on time and don’t carry a large credit card balance. It can also be helpful to reduce the number of cards you hold, making it easier to track your spending and credit card use.

If you have any question, call us at 410-571-1771 or 410-956-1111 or email one of our agents on our contact page.chloevotehatbow

How Much Home Insurance Do You Need?

/ Nadja Maril / Leave a comment

house__colonial_2How How Much Insurance is Enough?

House are usually  insured for their full replacement value.   This means that your insurance agent calculates the cost of rebuilding the exact same home at today’s construction prices in order to determine replacement value. To do this, he or she will measure the square footage of your building and take into consideration the materials used and the various features such as a fireplace, hardwood floors, full basement, and number of bathrooms. If you have some unusual and/or expensive, such as a luxury stove, imported tiles, or customized paneling you should tell your agent, so they can factor these features into the value of your building. It is important to notify your agent if you build an addition or make any substantial improvements to your home so that your improvements are completely covered by your insurance policy.

Premiums are calculated based on a home’s value and, thus, some homeowners, particularly if they have already paid off their mortgage,  may prefer to insure their house  for less  than the cost of a total rebuild, reasoning that  it is highly unlikely they will suffer a complete loss of property. According to insurance regulations, a home must be insured for at least 80 percent of its value in order for a policy to fully cover the loss.

One way to lower your premium is to raise your deductible. The deductible is your out-of-pocket expense, which you pay off the top when you make a claim. Deductibles can range from $100 up to $5,000. Insurance companies know that the larger the amount it that you are committed to paying yourself before making a claim, the less likely it is for you to make a claim at all. Thus, the premium on a larger deductible is much lower than a small deductible. Visit http://agency.nationwide.com/peter-b-crilly-in-annapolis-md to receive a free homeowner’s quote or call our office at 4140-571-1771- or 410-956-1111 to speak with an agent.