When you own a business in Oregon, there are two types of insurance that most businesses must-have. In addition, there are many other types of insurance policies that many business owners get to have more coverage against everything from disasters to accidents to lawsuits. If you are in Canby, OR, call us at Oliver Insurance to learn more about commercial insurance. 

Workers’ Compensation

Universally known as workers’ comp, this type of insurance is required in Oregon for every employee of an Oregon business. Even if there are only part-time employees, each of them must be covered by workers’ compensation insurance. This coverage ensures that if there is an accident or an illness contracted at the workplace, the medical bills of the employee will be paid. Don’t risk going without this insurance for a moment. It can mean the difference between keeping your business going and 

Commercial Auto Coverage

This type of coverage is only required if the business owns a vehicle. Every vehicle owned by an Oregon business has to have a commercial auto insurance policy on it. There is a mandatory minimum amount of bodily injury liability coverage that you must have for one person injured in an accident and another, higher, the number required for everyone who is injured in an accident. This is a liability, however, so the driver is not included in this type of coverage. There is also a set minimum amount of coverage for property damage liability. In addition, each vehicle must have a set minimum amount for one person injured in an accident with an uninsured motorist and a higher amount for everyone who is injured in this type of accident. There is also an amount of personal injury protection coverage required, and this is what protects the driver. 

Get Your Commercial Insurance

If you own a business and are in Canby, OR, call us at Oliver Insurance to talk about your commercial insurance needs. 

If you live in Canby, OR, and want to know more about pet insurance in your area, you might want to talk to an insurance agency, such as Oliver Insurance.

Pet insurance is not required. However, it is really important that any pet owner considers pet insurance. Many people believe that they are going to have enough money to cover veterinary costs should they come up. However, the truth is that these can be much more expensive than most people realize, especially if your pet ends up having a chronic condition or severe illness. The last thing you want is to have to worry about money when you should be focusing primarily on your pet’s health.

If you have the right pet insurance, you will be able to visit any specialist, general veterinarian, or emergency veterinarian. In many cases, you aren’t going to be limited to just the state of Oregon. You will be able to visit any licensed veterinarian in the United States or even in other countries. If your dog or cat ends up becoming injured or ill while you are on vacation somewhere else, it is likely that your pet insurance policy will cover the expenses associated with this.

It is very important to protect your cat or dogs. Veterinary fees are on the rise, and you want to be sure that you are able to provide your animal with the care he or she may need in the event of an unexpected ailment. The last thing you want is to have to sacrifice your pet’s health because you don’t have the money to pay for his or her care.

If you reside in Canby, OR and are interested in learning more about pet insurance, you should feel free to contact the professionals at Oliver Insurance. The individuals here will be able to answer questions that you have about pet insurance and direct you towards a policy that might be right for you and your pet.

Those that live in the Canby, OR area will likely love the weather, which includes having many nice sunny days where you can enjoy the great outdoors. Those that do live in this state may find that driving a motorcycle can be an efficient and fun mode of transportation. If you do get a motorcycle here, you also need to consider your insurance needs. There are several reasons why you should get an insurance plan for this here. 

Insurance is a Legal Requirement

One reason that you should get a motorcycle insurance plan is so you can stay in compliance with your legal obligations. In Oregon, anyone that operates a motorcycle needs to have at least a motorcycle insurance plan that has liability protection. With this coverage, you will know that you have support in the event that you cause an accident and have to cover the damages.

Insurance Protects Asset

Another reason that people will want to have a motorcycle insurance plan is that it can protect their assets. If you are going to purchase a motorcycle here, you will want to know that you have the financial resources to repair or replace it. If you get a policy with collision and comprehensive coverage, it will include this additional coverage you need to ensure your asset is covered as well as possible.

Anyone that decides to buy a motorcycle in the Canby, OR area will need to get a motorcycle insurance plan. When you are looking for this coverage here, it would be a good idea for you to call Oliver Insurance. The team with Oliver Insurance understands how important this coverage is. They can provide you with the support that is needed to build a policy that gives you and your motorcycle the coverage that you need. 

The warm weather calls for some good time in the water. As the temperature creeps upwards, a boat becomes a sudden necessity, particularly for water enthusiasts in Canby, OR. To promote safety for you and your family, you need to get proper boat insurance. If you have or intend to buy boat insurance soon, here are three things you probably don’t know about boat insurance.

Homeowner’s insurance provides very little coverage that could be unreliable

Small boats– with very small or no engine at all can be covered under home insurance. However, it is essential to understand that the coverage is not close to what you would receive when you purchase a separate policy. The coverage is limited to a specific amount depending on the insurer. In case of serious damage, your home insurance may not be adequate to cover all the costs. At Oliver Insurance, we recommend buying boat insurance whether you own a small or big boat.

Sometimes, boat insurance is mandatory

The state of Oregon does not require you to have boat insurance. However, the government recommends having enough coverage to protect your finances in case of engine problems, collision, and other boat issues. There are certain cases where boat insurance may be mandatory. For instance, marinas may require you to have insurance before docking your boat. Additionally, if you are buying a boat through a loan, your lender may require you to purchase boat insurance to protect their investment.

Personal belongings coverage is quite limited

When it comes to buying boat insurance in Canby, OR, you need to think about your valuables seriously. Most boat insurance policies provide very little coverage to your personal belongings. For this reason, you may want to increase coverage if you take most of your valuables to the boat with you.

Boat insurance is essential coverage that protects you and your loved ones every time you are in the water, so don’t buy blindly. Consult Oliver Insurance, and our trusted insurance experts will help you find coverage that works for you.

3 Things You Didn’t Know About Umbrella Insurance

Umbrella insurance offers an extra layer of liability protection to your home, automobiles, and business. The policy provides you with peace of mind in case of damages or lawsuits.  Many Canby, OR residents assume that umbrella insurance is more beneficial to some people than others. However, the truth is there is a lot that people don’t know about this policy. Here are three things you probably didn’t know about umbrella insurance.

Dog Owners Can Only Benefit If the Breed in Question is Covered.

Some dog breeds are not covered under umbrella insurance. If you are buying insurance for the first time, enquire about the breeds covered to ensure you are not locked out of coverage. Our insurance agents at Oliver insurance can take you through the process and inform you what your policy covers and what it does not. With dog-related injuries and bites getting common every day, you may want to ensure that umbrella insurance has your back when home insurance is not enough to cover medical bills or lawsuits.

Some Risk Factors Affect Your Coverage

Many people purchase umbrella insurance due to attractive liability coverage. Umbrella insurance generally covers most aspects of liability, including slander and libel regardless of where it happened. We all know how expensive lawsuits can get, but some people are more prone to getting slapped with lawsuits than others. For instance, if you own businesses, are a pet owner, have several teenagers at home or have a gym, swimming pool or trampoline at home, you should buy enough umbrella insurance to protect you from potential lawsuits.

Not All Lawsuits Are Covered

Well, this shouldn’t scare you if the accidents that led to the lawsuit weren’t intentional. Note that umbrella insurance covers almost all aspects of lawsuits but not criminal activities or deliberate acts of harm. These may include discrimination, sexual harassment, property damage, and bodily harm. Umbrella insurance is only designed to protect against accidents, even if you are at fault but not acts of malice.

Are you looking to buy umbrella insurance in Canby, OR? Contact Oliver Insurance for unmatched services and quotes.

No one wants to think about dying but unfortunately, it is a fact of life. There is a lot to be said for taking solace in knowing your loved ones will be protected when that time comes and the best way to achieve that is by having a good life insurance policy in place. The life insurance agents at Oliver Insurance in Canby, OR know and understand all facets of life insurance and can help you obtain the best policy for you and your situation.

Reasons to Obtain Life Insurance

Most life insurance policies through an employer will only cover the cost of your funeral and burial costs. You will want to ensure your family is in a good place financially if you pass away and to do that, you will need a more comprehensive life insurance package.

With a good life insurance policy in place, your family will be able to pay off any debts you leave behind in the event of your untimely death. This will be a hard time for your loved ones and taking financial stress off of them is a gift from you that will be appreciated.

A permanent life insurance policy can actually accumulate a cash value over the life of the policy, unlike a term life insurance policy that expires at the end of the term that was stipulated at the start of the policy. A permanent life insurance policy allows you to borrow against it while you are still alive in case you need the money. It allows you to do this without paying taxes so you can use the money to supplement your social security or retirement benefits during your golden years or before that time if needed.

To determine the type of life insurance that will work best for you and your loved ones, contact an experienced agent at Oliver Insurance in Canby, OR for all of your life insurance needs.

Failing to carry any commercial insurance or not enough coverage can have devastating financial and legal repercussions for businesses. Not only does not having commercial insurance open the business to potential exposure in lawsuits, but it can also result in significant fines and even potential closure from the state for failing to follow the law. Keep in mind, that commercial insurance is truly designed to protect the business by offering safeguards to your employees if they are injured on the job or to protect your years of hard work if there is a breach of contract or cyber attack. 

Specific to Oregon, there are two types of insurance that every business – regardless of size – must carry. The first is workers’ compensation insurance which is required for any company that has at least one full-time or part-time employee. The second requirement is commercial auto insurance which is required for any vehicle that is owned by the business. If you own a business where you require your employees to utilize their personal vehicle like a delivery or home repair company then opting for hired and non-owned insurance will save numerous headaches and expenses down the road. In short, hired and non-owned insurance is designed to offer auto coverage to work used personal vehicles because most traditional auto policies will exclude business use from coverage. 

At Oliver Insurance in Canby, OR our friendly team of knowledgeable insurance professionals are ready to assist in finding you the perfect policy for your business. Not only will we walk you through the coverage options for the two required insurances, but we’ll also explain the benefits of optional coverages that may offer additional peace of mind.