Is commercial insurance required to do business with the public?

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CXE Insurance takes great pride in its ability to help residents in the Sellersburg, IN area by providing them with commercial insurance coverage. Our agents understand the importance of offering customers peace of mind. By thoroughly assessing each client’s specific needs and risks, CXE Insurance ensures they are well-prepared for any unforeseen circumstances.

Commercial Insurance

In Indiana, commercial insurance is not legally required for public business. However, it is worth mentioning that certain types of companies may be subject to specific insurance requirements. For example, you must have commercial auto insurance if you are operating a motor vehicle for business. 

Additionally, if you have employees, you’ll need workers’ compensation insurance to protect your employees and your business in case of work-related injuries. While not mandatory, obtaining commercial general liability insurance is highly recommended as it covers bodily injury, property damage, and personal injury claims that may arise during business. 

Although commercial insurance may not be legally mandatory for all businesses, it is crucial to assess your specific industry and evaluate the risks involved to ensure adequate protection for your business and customers alike. If you need commercial insurance for your business, our knowledgeable team can help you find the right policies to protect you. 

Find Out More Today

At CXE Insurance, we take great pride in serving the residents of Sellersburg, IN by assisting with their commercial insurance needs. With our professional expertise and extensive insurance industry knowledge, we strive to provide our customers with the highest quality insurance options. Our dedicated team understands businesses’ unique challenges in the Sellersburg, IN area. Call or stop by to speak to us today and get the coverage you need to feel secure. 

Things that home insurance doesn’t cover

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Your home insurance protects you from many hazards that can damage your home and your life. Nothing, however, can protect you from everything, and, like most types of insurance, home insurance has exclusions. In Sellersburg, IN, CXE Insurance makes sure that your home insurance is personalized to you. We get to know you so that we can better serve you.  

Home Insurance Exclusions

Flood

Floods are one of the most damaging natural disasters. Every year they seem to spread to more and more locations where they were never common in the past. If you are counting on your home insurance to protect you, you will be sorely disappointed. Floods are not covered by a traditional home insurance policy. If you feel you need to be protected, you will have to buy flood insurance through the National Flood Insurance Program. 

Earth movement

More than one type of earth movement is not covered by your home insurance. It doesn’t cover earthquakes, mudslides, landslides, or sinkholes. You can buy a separate policy to cover these hazards. 

Owner neglect

Owner neglect leaves many things uncovered that can damage your home. Your insurance company expects that you will keep your home in good condition so that it doesn’t suffer any damage. If your roof is old and it leaks, the damage is on you. If your home becomes infested with termites, the damage isn’t covered because you are expected to get termite treatment.  You are expected to prevent any damage that you can. 

Sewer backup

Having your sewer back up into your home is disgusting, and it can cause a lot of damage. The worst part is that the damage is not covered by your home insurance. 

Call Today To Discuss Your Options

Contact CXE Insurance in Sellersburg, IN when you need home insurance advice. We are here to help in any way that we can. 

Life Insurance for Debt Protection: Safeguarding Your Loved Ones

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Life is unpredictable, and while we can’t control every twist and turn, we can certainly plan for the unexpected. At CXE Insurance, serving the greater Sellersburg, IN region, we understand the importance of protecting your loved ones, especially when it comes to financial security. Let’s delve into how life insurance can serve as a shield, specifically for debt protection.

Easing the Burden: Life Insurance and Debt

Life insurance is often viewed as a safety net for your family’s financial well-being, and rightly so. Beyond covering funeral expenses and providing a source of income replacement, life insurance can be a powerful tool in managing and alleviating debts. If something were to happen to you, leaving behind debts like a mortgage, loans, or credit card balances, life insurance ensures your loved ones aren’t burdened with these financial responsibilities.

Planning for Tomorrow

Life insurance isn’t just about the present; it’s an investment in your family’s future. In Sellersburg and the greater IN region, CXE Insurance stands as your partner in securing that future. Our commitment goes beyond policies; we’re here to guide you through the intricacies of life insurance, ensuring that your loved ones are well-protected, even in the face of financial obligations.

Have Questions? Consult With Us

When it comes to safeguarding your loved ones and managing debts, we are your trusted ally. Explore the peace of mind that comes with knowing your family is protected from financial burdens. Choose CXE Insurance in the greater Sellersburg, IN region for all of your life insurance needs. Call us today to get started.

Is It Harder to Insure a Salvaged Vehicle?

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Salvaged vehicles, often the result of accidents or significant damage, come with unique challenges when it comes to insurance. Here at CXE Insurance, providing auto insurance in the greater Sellersburg, IN region, we want to help you understand whether it’s more difficult to insure a salvaged vehicle and what factors come into play when securing coverage.

Determining the Difficulty Salvage Title

A significant factor in insuring a salvaged vehicle is its title. Salvage titles indicate that the vehicle has been declared a total loss by the insurance company. Insurance providers may view these vehicles as higher risk due to the prior damage.

Underwriting Guidelines

Insurers often have underwriting guidelines that vary when it comes to salvaged vehicles. While some companies may offer standard coverage, others might have stricter criteria, making it more challenging to find insurance.

Coverage Limitations Limited Comprehensive and Collision

Insuring a salvaged vehicle may come with limitations on comprehensive and collision coverage. The insurer may only provide coverage for liability, which protects other parties in case of an accident.

Diminished Value

Salvaged vehicles typically have diminished value, even after repairs. This can affect the compensation you receive in case of a total loss, making it important to understand how your policy handles this aspect.

We Are Here To Help

While insuring a salvaged vehicle can be more challenging, it’s not impossible. It’s essential to shop around, work with experienced insurance agents, and understand the specific requirements and limitations of the insurers. With the right approach, you can find suitable coverage for your salvaged vehicle, protecting both yourself and your investment. If you’re looking to insure a salvaged vehicle in the greater Sellersburg, IN area, CXE Insurance can help. Call us today to get started. 

Types of commercial insurance most businesses can benefit from

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Given the number of risks that businesses face every day, it is hard to imagine why you would want to face them alone. When you have commercial insurance, you have a team of experts on your side who can make surviving the risks possible. At CXE Insurance in Sellersburg, IN, we will do a risk analysis of your business and make recommendations for the types of coverage that would suit you best. 

Commercial Insurance Coverage Options

Commercial property insurance

Commercial property insurance is a must for almost any business. It covers the building if you own it and also all the things you require to do business. Depending on the type of business that you own, it can cover inventory, raw materials, machinery, office equipment, electronics, tools, or display units. It covers the most common hazards including theft, fire, and vandalism. 

Commercial liability insurance

Being sued is a real danger to any business. Your chances are as high as 33 percent every year of being on the receiving end of legal action. Liability insurance covers not only the judgment up to the limit of the policy. It also covers legal expenses. It can be a lifesaver and keep your business viable.

Workers compensation insurance

In the state of Indiana, if you have more than one employee, you are required to cover them with workers’ compensation insurance. There are some exclusions, but most businesses are required to have it. 

Business interruption insurance

If your business is not able to function because it has been hit by a covered hazard, your income will cease. Unfortunately, your expenses don’t stop. If you have business interruption insurance, it will provide the funds you need to pay your bills, payroll, and even a salary for yourself. 

We Are Here To Help

Contact CXE Insurance in Sellersburg, IN for all your commercial insurance needs.

What every new homeowner should know about home insurance

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Buying a new home is exciting, and if it is a first home, it can be terrifying as well. So many things to know and worry about and home insurance is not something most people are very knowledgeable about until it becomes a requirement. At CXE Insurance in Sellersburg, IN, we make it our business to make sure that our new homeowners know what and how much coverage they require. 

What every new homeowner should know about home insurance

Home insurance doesn’t cover everything

You may feel that you don’t have anything to worry about if you have home insurance, but that is not quite true. Like most types of insurance, home insurance has exclusions. If your home gets flooded by surface water, your traditional home insurance won’t cover the damage. If you live in an area that is prone to flooding, your mortgage company will require you to carry flood insurance. This can be purchased separately through the NFIP (National Flood Insurance Program). It also doesn’t cover owner neglect and earth movements such as earthquakes, sinkholes, and landslides. If your sewer backs up, that also isn’t covered. 

You choose the deductible

Before your home insurance starts coverage, you must pay a deductible. You decide the amount of deductible that is right for you. Typically, it can be $500 or $1000. The higher the deductible, the less the cost of the policy, but keep in mind that if you choose a higher deductible, you will need to pay that amount.  

Type of content coverage

You have a choice of the type of content coverage you have. You can choose the current value or replacement cost. Current value takes depreciation into account, and replacement cost is what it costs to replace the item at today’s prices. 

We Are Here To Help

Contact CXE Insurance in Sellersburg, IN for all your home insurance needs. 

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