A certificate of insurance (COI) is an often-used document in the construction world. A contractor or tradesman who is bidding on a job or signing a contract to do work might be posed with a requirement to show a COI. The concept of a COI is simple – it provides proof that the contractor is … Read more

When insuring possessions on homeowners insurance, you have a lot of leeway to choose the limits you want. Yet, the thing about possessions insurance is that your coverage might restrict how much it will pay for items of value, like your electronics. When thinking about the value of these items, take a few extra steps to choose the right … Read more

Business insurance is used in order to protect businesses from lawsuits and other losses that could have a large financial impact otherwise.     Required Business Insurance and Penalties  Business insurance requirements vary by state. Most states require businesses to carry a minimum amount of:  Workers Compensation: Worker’s compensation provides financial assistance for employees that are injured … Read more

In today’s uncertain economic times, people are driving less. They also are trying to save as much as they can on expenses, including their auto insurance. You might feel tempted to let your coverage lapse if you no longer drive. However, that’s the wrong decision. You might face severe financial penalties if you ever let … Read more

Healthcare is expensive and insuring through your employer can often be the cheaper option. There is no mandate stating that you have to purchase health insurance through your employer if you don’t want to, however.      Benefits of Individual Health Insurance  There are many benefits to purchasing your own health insurance plan as opposed to purchasing through … Read more

House fires caused approximately $8 billion in property damage, more than 2,800 fatalities and more than 11,000 injuries in 2018. With people staying home more than ever these days, it is imperative to keep the property fire-safe. Homeowners insurance often will pay for fire damage. However, simple prevention methods are often key when keeping fire risks low. … Read more

Something no driver ever wants to do is to hit an animal that strays into the roadway. This accident could cause a huge mess and damage your vehicle (and others if a chain wreck occurs). Not only that, but there’s also bound to be a fair amount of heartache if you are an animal lover. … Read more

It only takes a small amount of water to cause a lot of damage to your home. Your homeowners insurance might provide help with cleaning up the mess and repairing damaged property. However, it will only do so for certain types of water damage. Let’s look at some of the most common types of water damage and … Read more

Health insurance has an unfortunate reputation for being expensive, but everyone needs it. It’s important for everyone to find the right health insurance policy for you and your family without paying too much for coverage.     Individual Health Insurance vs Family Health Insurance  On average, family health insurance policies are more expensive than individual health … Read more

Are you concerned about the premium you will have to pay for your business insurance? Insurance is part of your overhead, so it’s understandable that you will want to keep it affordable.  Mt. Franklin Insurance is happy to help you understand the various factors that will impact your premiums. Some of these you can often … Read more