Published: August 1, 2018
Technology changes faster than almost anything else in the world today! This is why you need an insurance coverage that takes care of all your needs. All Access Insurance has partnered with USLI to ensure that our technology professionals have the adequate coverage they need. What this does for you is free you up from worry and angst so you can do what you do best. USLI and All Access Insurance are offering solutions for tech professionals/organizations with annual revenues up to $150M. We offer a comprehensive form and competitive pricing for risks with annual revenues up to $150M. We have a vast range of coverage features, including (but not limited to):
*Coverage options we offer on larger risks (e.g. +$2M in annual revenues) Expanded classes within our appetite include:
All we need from you is:
Keeping you protected,
Rick
All Access Insurance in Littleton, CO, who represents multiple insurance companies as a “Broker” and provides products for auto, home, commercial, workers compensation, and much more! Call us today for a free quote at (303) 932-1700
Published: August 31, 2018
Recently we did a post about the type of Community Association Liability Insurance we offered, but now let’s talk about why you want to consider ours if you already have coverage elsewhere. In this post, we talked about the importance of our Lifetime Occurrence Reporting Provision. This is super important to know about if you are being asked to serve on a Community Association board. You want to make sure you are protected for the decisions you made while serving as a representative of the association.
Keeping your protected.
Rick
All Access Insurance in Littleton, CO, who represents multiple insurance companies as a “Broker” and provides products for auto, home, commercial, workers compensation, and much more! Call us today for a free quote at (303) 932-1700
Published: December 26, 2019
It is the day after Christmas and people are out running around shopping, returning home from the relatives or just running errands as they may have the rest of the week off.
Being involved in a car accident can happen any time of year but it is always stressful and overwhelming.
So let’s talk about it now so that if and when you are in an accident, you know what to do. This can help you get the right information from the scene of the accident and protect you from any liability.
One of our insurance providers, Traveler’s Insurance, has a great accident form here. Print these off and ensure they are in all your vehicle’s glove compartments. This form will help you gather the pertinent info you need. Also, though it seems basic, make sure you also put a pen or pencil in there too.
Another item you might consider is reflective triangles so that your car is more visible on the roadside following an accident. You will also need your current insurance certificate, vehicle registration and first aid kit.
If you are involved in an accident, make sure to do these things:
Our wish for you is that you stay accident free. But if for some reason you don’t we want to make sure you are reminded of the steps you should follow.
Keeping you protected.
Rick
All Access Insurance in Littleton, CO, who represents multiple insurance companies as a “Broker” and provides products for auto, home, commercial, workers compensation, and much more! Call us today for a free quote at (303) 932-1700.
Published: December 20, 2019
Life insurance is a popular way for the wealthy to maximize their after-tax affluence and have more money to pass on to heirs.
Here’s how and why insurance helps:
Tax law grants life insurance premiums and proceeds tax benefits and allows the rich a way to protect their assets. The proceeds of life insurance are tax-free to the beneficiary. Wealthy people don’t want their deaths to be a financial thicket for their heirs, so the death benefit is a big component of any life insurance strategy. But there are additional advantages to life insurance.
Policy owners with estates of $11.4 million or less (or $22.8 million for couples) can leave this amount to their beneficiaries without having to pay estate taxes as these are the limits in 2019, as per the IRS. But what about individuals or couples with estates worth more than the limits? The proceeds of a large life insurance policy can be used by the heirs to pay a tax bill for those wealthy individuals whose estates surpasses the estate tax exemption threshold.
Insurance premiums also won’t be subject to estate taxes. For example, if a wealthy individual spends $500,000 for a $2 million life insurance policy, that initial premium payment comes out of the estate and won’t be taxed. To look at the insurance premium another way, the after-tax value of the $500,000 is $300,000, thus for $200,000 ($500,000 premium amount – $300,000 estate tax), the family receives a $2 million guaranteed life insurance payout. That’s a guaranteed return on the premium payment.
Keeping you protected.
Rick
All Access Insurance in Littleton, CO, who represents multiple insurance companies as a “Broker” and provides products for auto, home, commercial, workers compensation, and much more! Call us today for a free quote at (303) 932-1700.
Published: December 20, 2019
If an entrepreneur co-owns a business, life insurance can fund a buy/sell agreement in the event of an owner’s sudden death. A family business will benefit from a key person insurance policy. This is insurance on the main person in a small business, usually the owner, founder, or key employees.
This policy protects the firm from going under in the event that key personnel pass on before a replacement is in place. An added benefit of these types of insurance policies is that the premiums are usually deductible as a business expense.
Life insurance is more than a death benefit. Depending upon the type of insurance, it may have a cash value or intrinsic value. Thus, when the insurance is no longer needed, it can be sold as a life settlement.
Whole life insurance, properly structured, can offer steady tax-free dividends. Although not guaranteed, many insurance companies have been around for up to a century. The cash value in the policy also builds up and can be used as your own private bank for a variety of income-producing activities.
Finally, with whole life insurance, your death benefit is guaranteed regardless of your future health. This is important long-term security for the policy owner’s family and heirs.
There are a variety of insurance scenarios to choose from. The right one may depend on, say, how your current retirement fund gets taxed. Consider these three examples:
Wealthy individuals’ retirement plan funds—both IRAs and 401(k)s—are taxed twice: First as income and, next, with an estate tax. James has $900,000 in his IRA. To avoid losing a large percent of his IRA to Uncle Sam upon his death, James buys a second-to-die insurance policy with his $900,000. Upon James’ death, his wife receives the $3 million tax-free benefit.
Kevin had a 10-year-old second-to-die insurance policy worth $850,000 with a death benefit of $1.53 million. His advisor recommended he do a tax-free insurance policy exchange. The new policy had an increased death benefit of $3.48 million and there were no out-of-pocket charges.
Sarah buys an immediate joint-life annuity for $1 million, which pays $43,843 annually as long as Sarah and her husband are alive. Next, Sarah uses the annual $43,843 payout to fund a $5.68 million second-to-die policy. In essence, Sarah converted $600,000, the after-tax value of the initial $1 million, into $5.68 million. Finally, both the annuity and death benefits are guaranteed.
We know you want to manage, preserve and grow your wealth. Properly structured life insurance can help with all these goals.
Keeping you protected.
Rick
All Access Insurance in Littleton, CO, who represents multiple insurance companies as a “Broker” and provides products for auto, home, commercial, workers compensation, and much more! Call us today for a free quote at (303) 932-1700.
Published: December 13, 2019
You should consider high-value home insurance if:
Compared to standard home insurance, a high-value plan includes larger policy limits for:
High-value home policies are usually more expensive than standard home policies because of their increased coverage limits and top-of-the-line personalized experience.
To help put the cost of high-value home insurance in perspective, compare it to how you spend money in your personal life. Choosing insurance is a lot like buying shoes or picking a restaurant.
When you look in your closet, do you see shoes that cost less than $100? Or do you have shoes that are worth hundreds of dollars?
If you went out to dinner, would you order the house wine or skip it altogether? Or are you the type of person that will spend a couple of hundred dollars to enjoy a nice dinner and order a la carte?
If you don’t live an average lifestyle, standard insurance that provides “average coverage” won’t be enough to protect or replace your property in a claim.
Keeping you protected.
Rick
All Access Insurance in Littleton, CO, who represents multiple insurance companies as a “Broker” and provides products for auto, home, commercial, workers compensation, and much more! Call us today for a free quote at (303) 932-1700.
Published: December 11, 2019
However, policies may provide limited coverage or no coverage for certain items – including generally expensive items.
There are two types of coverage we can offer:
Personal Articles Floater
This itemized coverage can give you some peace of mind knowing your belongings and jewelry may be covered at the time of a loss. Offered as protection just for valuables, policies can be purchased separately. There is no deductible for most classes or types of property and the coverage insures against many risks. This is beneficial for more expensive articles, like an engagement ring or a watch, that may not be covered or with values that exceed coverage that might be provided by a homeowners policy.
Valuable Items Plus Insurance Coverage
Available as an add-on coverage to homeowners insurance, a valuable items plus endorsement can offer higher limits on certain types of valuables and expanded protection. Unlike the personal articles floater where items are individually listed, the valuable items plus endorsement provides blanket coverage that affords protection for a class of property collectively, such as jewelry insurance coverage, up to a certain amount.
Have your valuables appraised so you will know what they are worth. This will assist us in making a solid decision about your insurance coverages.
Keeping you protected.
Rick
All Access Insurance in Littleton, CO, who represents multiple insurance companies as a “Broker” and provides products for auto, home, commercial, workers compensation, and much more! Call us today for a free quote at (303) 932-1700.
Published: December 4, 2019
Here are some tips for you to consider as you are getting or reviewing your car insurance policy.
Not only do you want to have the best coverage but you also want it at the best price.
All drivers must carry car insurance though many people pick their insurer after they have their car and then don’t review their policy for years.
Here are a few tips for finding the right policy:
What we know is out job is to keep you protected in all cases.
Keeping you protected.
Rick
All Access Insurance in Littleton, CO, who represents multiple insurance companies as a “Broker” and provides products for auto, home, commercial, workers compensation, and much more! Call us today for a free quote at (303) 932-1700.
Published: November 29, 2019
Small Business Saturday 2019: Denver Participating Businesses
DENVER, CO — You may not think about it much, but independently owned boutiques, gift shops, mom-and-pop hardware stores, restaurants and the like in Denver are fighting for survival against malls, big box stores and online retailers.
Small Business Saturday, held annually on the Saturday after Thanksgiving, was created to give them a boost and help level the field of competition. This year, the 10th anniversary of the “Shop Small” movement, the all-local shopping event falls on Nov. 30. in Denver.
Here’s a map of hundreds of local businesses that have signed up so far.
Happy Small Business Saturday shopping.
Keeping you protected.
Rick
All Access Insurance in Littleton, CO, who represents multiple insurance companies as a “Broker” and provides products for auto, home, commercial, workers compensation, and much more! Call us today for a free quote at (303) 932-1700.
Published: November 27, 2019
As a small business owner, you’re likely more concerned with cash flow, sales, and managing employees than getting sued. However, the reality is that small business owners will face the threat of a lawsuit at least once over the life of their business, and the financial impact can be devastating.
Business owners who’ve had to pay legal damages say the costs nearly put them out of business. But the effects of litigation can go far beyond crushing financial losses. A lawsuit can harm your business’s reputation, especially if it paints your business in a negative light and if the case is publicized by local or national media. It also can put stress on you and your employees.
This is why we offer business liability insurance.
Many small business owners treat their employees like family, forging a tight bond over a common goal of growing the business in a way that’s mutually beneficial. However, the occasional unhappy employee—who feels as if their boss has mistreated them—will sue. According to a Hiscox study, nearly one in five small businesses will face employee litigation, which can cost upwards of $125,000 to defend. Of the cases that go to trial, 25% result in a judgment of upwards of a half million dollars.
Employees who feel they are unfairly disciplined or terminated may be tempted to sue for retribution or to recoup any financial loss they suffered due to their employer’s action. Or they may sue because they feel their managers did not adequately address a complaint they reported. Here are six common types of employee lawsuits:
Likewise, customers may sue for a wide range of reasons—from feeling they did not receive the product or service they were promised, to getting injured on the company’s premises. Even businesses with seemingly transparent and customer-friendly policies get sued.
protects you for a range of potential claims against your business, such as someone slipping on your property or accusing your business of false advertising. Specialized liability policies can be designed around the unique needs of your business, when necessary.
Keeping you protected.
Rick
All Access Insurance in Littleton, CO, who represents multiple insurance companies as a “Broker” and provides products for auto, home, commercial, workers compensation, and much more! Call us today for a free quote at (303) 932-1700.