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Questions to Ask Your Agent at Every Stage of Life

Questions to Ask Your Agent at Every Stage of Life

6 QUESTIONS TO ASK AN INSURANCE AGENT IN YOUR 20’S AND 30’S

1. We’re getting married. Should we wed our auto insurance as well?

If one of you has a Mad Max-like driving history, then auto insurance might be one of those things you don’t merge once married. But if you and your spouse both have good driving records and no recent gaps in insurance coverage, you might save money by combining policies.

For a few more dollars a month, you can add ERIE Auto Plus, which includes features such as additional days of transportation expense coverage1 and waived deductible in certain situations that make ERIE’s great auto coverage even better.

2. We’re hunting for our first house – should homeowners insurance weigh into what we buy?

In the excitement of finding that first home, some buyers forget to consider the cost of homeowners insurance, and how different locations and types of homes might impact it. According to Realtor.com, the average annual cost for homeowners insurance is $952. However, factors such as distance from a fire department, proximity to storm-prone coastal areas, age of the home and your claims history can play a role in what it ultimately costs to insure a particular house.

A conversation with your ERIE agent as you start your search can give you a better perspective on potential costs and how they may impact what you can afford.

3. We’re having a baby. Should we get life insurance?

A new baby brings new responsibilities – and new expenses. Life insurance can help make sure that if an untimely death occurs, the surviving spouse can handle those responsibilities and costs without interruption.

Life insurance pays money to a chosen beneficiary — a spouse or co-parent, for example — when the insured person dies. In the short term, you can use the life insurance proceeds to pay for funeral expenses. Over time, it can help pay the mortgage and fund your child’s education.

These 8 tips for first-time life insurance buyers provide useful information to get you started.

4. Term or whole life?

So you’ve resolved to get life insurance. Now you face a new question: What kind?

  • Term life: Term life insurance provides coverage for a specific number of years (such as a 30-year policy to sync up with your new 30-year mortgage). For young people starting out, term is often the easiest, most affordable option.
  • Whole life: If you’re looking for lifelong coverage, then consider a whole life policy, sometimes called a permanent life plan. A smart approach is to get term insurance and make sure you’re covered now. During your policy term, you may often have the option to renew it or convert it into a permanent life plan.

A local ERIE agent can explain your options and help you decide what’s best for you.

5. What do you offer beyond the basics for homeowners insurance?

We get it: Your home is often the biggest investment you’ll make. It’s worth it to add on some extra protection to protect what you’ve worked so hard to achieve.

Ask your local agent about ERIE Secure Home Bundles, which allow you to expand your protection beyond our standard homeowner’s policy with coverage available for underground service lines, appliances and more.

6. We’re digital natives… why do we need a human insurance agent?

It makes sense to buy a lot of products online. Buying online is often easier – and sometimes more cost effective. But when it comes to insurance, a DIY online policy isn’t always the best choice. Because insurance protects the things you care about most, there are benefits to working with an insurance agent.

Savvy Questions Before You Turn 45

The ages 35 to 45 are kind of the tweener years for grownups. You’re no longer just starting out – but you don’t really feel ‘middle-aged,’ either.

Conversely, as Bruce Springsteen would say, perhaps ‘you’re scared and you’re thinking that maybe we ain’t that young anymore.’

With a growing family and responsibilities, you’re at the stage in your life that making the right insurance decisions is key. Doing so helps make sure you are prepared for whatever life throws at you, while also laying the foundation for a financially secure future.

Here are seven questions you should be asking now to help make sure you’re making smart decisions.

1. What is guaranteed replacement cost?

Losing your home to a fire or other catastrophe is a terrible experience. Yet, it can get even worse if, in the aftermath, you learn that you don’t have enough coverage to rebuild your house back to the way it was before tragedy struck – or increased costs of labor and materials make construction more expensive than what your policy is set up to cover. This is why it’s vital to consider getting guaranteed replacement cost on your homeowners insurance policy. ERIE’s guaranteed replacement cost coverage can pay for the full cost of rebuilding your house back to its previous size and specifications after a covered loss.1 (Keep in mind that guaranteed replacement cost isn’t available in all states. In North Carolina, ask about Enhanced Replacement Cost.)

2. Should I do a home inventory?

Short answer, yes. You’ve spent your hard-earned money on furnishings, electronics, jewelry, clothes, collectibles and toys large and small. In the event of a fire, theft or other loss to your home and belongings, the best way to make sure you are fully covered is to conduct a home inventory that creates a video record of your belongings and the condition of your home.

This has many benefits – the biggest, of course, is to help you estimate the value of your stuff so you can work with your insurance agent to get enough coverage. But your home inventory can also help you file claims faster and potentially apply for certain tax breaks or disaster assistance in the event of a major loss.

Read our related explainer on how to start your home inventory.

3. Have my life insurance needs changed?

Probably. If you have put off getting life insurance, now is the time to stop procrastinating and make sure your family is covered if something happens to you. Further, if you bought life insurance coverage when you were starting out, now is a good time to revisit your policy to make sure what you have meets your current and future needs.

Now may be a good time to consider extending the years on a term insurance policy or discuss the benefits of converting it to a whole life policy. A local insurance professional like an ERIE agent can help talk you through your options and help you decide what’s right for you.

4. But I have life insurance through work – shouldn’t that cover it?

Many employers provide life insurance as one of the benefits they offer employees. That’s great! But, unfortunately, many people falsely assume that gives them all the life insurance coverage they need.

For instance, your employer might provide group insurance that pays out two times your annual salary in the event you die. If you make $50,000 a year, that $100,000 payout will certainly help your family in the short term. Over time, however, it will likely fall short to cover expenses such as college tuition or healthcare needs. It’s best to talk to your ERIE agent about to make sure you have enough coverage to leave a legacy that keeps your family secure for the long haul.

Read more in our related explainer: I Have Life Insurance Through Work. Isn’t That Enough?

5. Should I be thinking about writing or updating my will?

You’re at the age  you should definitely create a will if you haven’t already. Life just gets more financially complex when you own a home or have kids. And if it’s been several years since you initially wrote your will, now is a good time to update it. When you do, make sure your beneficiaries are updated if needed on your life insurance policies and investments.

Not sure where to start? Read our tips for how to choose a life insurance beneficiary.

6. Do I need a home warranty, or are my appliances covered in my homeowners policy?

Home appliances don’t last forever – and when they break down, you can face costly repairs. Sure you can purchase extra warranties, but those aren’t cheap either and they are often limited in coverage. Fortunately, ERIE customers ErieSecure Home®who also purchased Select bundle endorsement with Sewer and Drain Backup Coverage2 get an extra cushion of protection for major appliances and home systems right in a homeowners insurance policy with our Equipment Breakdown Coverage. Check with your ERIE agent to make sure you’re covered.

7. I’m on a tight budget. How can I avoid unexpected auto insurance rate hikes?

We all love a good deal. First: Check in with your local ERIE agent to make sure you’re getting all the insurance discounts you qualify for. (For example: With a multi-policy discount, you could save 16% to 25% if you insure multiple cars with us, or one car plus a home or life policy.)

IN YOUR 40’S AND 50’S

1. We’re on a collision course with college tuition and expenses. What can we do to ease the pain?

No doubt, expenses can be tight when you’re parenting teens and a “send money” request is just a push notification away. It pays to find ways to reduce costs any way you can.

Your ERIE agent can talk you through a range of potential insurance discounts, from multi-policy discounts and first accident forgiveness to a diminishing deductible option. Make sure to ask about the ERIE Rate Lock®  feature1, which assures your auto rates won’t change until you add or remove a vehicle or a driver, change your address, or where you usually park your car. This policy endorsement freezes your auto premium year after year, even if you file a claim. Cha-ching.

2. How should we prepare for having more drivers in the family?

Sweet 16 can be a bit bittersweet for parents of a prospective driver. It can be nerve-wracking but there are steps to take to make sure your teen drivers are as safe as possible on the road. One great option is YourTurn®, ERIE’s driving safety app that measures certain criteria such as speeding, hard braking and phone usage, helping to make drivers of all ages more aware of their driving behaviors and identifying areas for improvement2. ERIE also offers several insurance discounts for youthful drivers, from 5 percent to 20 percent, which could apply to your family if you have new drivers.

3. Are we covered if we – or our teens – lend our car to a friend?

Whether you are willing to hand the keys to your car over to a friend or family member is a personal choice. But know that doing so does carry some risk.

Read more in our related blog on whose insurance pays when you lend your car to friends or family.

For instance, in the event of an accident, it’s your auto insurance policy that typically would have to pay. Depending on the situation – and the specifics of your policy – you might get stuck paying a surcharge on your auto insurance premium for an at-fault accident, even if you weren’t the one driving at the time. (Every policy is different, so ask your ERIE agent if this applies to you.)

4. We’re driving some nicer vehicles these days; should we get nicer insurance?

It’s worth exploring. ERIE’s standard auto policies offer great coverage, but there are some affordable ways to get extra layers of protection in the event of a crash or damage to your vehicles.

For instance, say you bought a shiny new car 18 months ago, and it ends up getting totaled. Typically, your insurance will cover the current value of the vehicle… but with depreciation, that policy might not get you back in a ride that has the same quality and features of the one now destined for the junkyard.

But by adding the ERIE Auto Security endorsement3, if you total a new car4 that’s less than two years old, ERIE will pay for the cost for you to replace it with the newest model year. In short, your car will depreciate, but your insurance doesn’t.

Also worth checking out is ERIE Auto Plus. For an additional $35 per year, this endorsement provides added benefits and protection such as diminishing deductible5 and additional transportation expense coverage6.

5. Our roof doesn’t seem to be aging as well as we are. Do we have the right coverage?

Replacing a roof is often one of the biggest investments you make as a homeowner. And it’s important to remember that your insurance policy covers sudden, unexpected damage… not routine wear and tear. Roofing insurance claims can be complicated – and each insurance company covers roof damage differently – which is why it’s so important to have the right coverage.

Learn more in our related explainer on what homeowners should know about insurance and roofs.

You also should be thinking about all the stuff that roof protects. Taking a home inventory creates a video record of your belongings and the condition of your home. This can help you choose the just-right coverage for what you own. And if you have a loss, having an inventory can expedite claims filings and applying for certain tax breaks or disaster assistance in the event of a major loss. Read more in our guide to starting your home inventory.

6. Are there life insurance moves we can make now to help us plan for a better retirement?

Short answer, most likely. As you age, your life insurance needs change. In your younger years, you may have gotten a term life policy. That’s typically the most affordable option, but does not offer the same benefits as a whole life policy that can become part of your investment/nest egg planning.

WHEN YOU APPROACH RETIREMENT

1. It’s been a while since we looked at our home and auto policies. What are the must-haves we should know about?

With your thoughts likely turning to checking off your bucket list and prepping for a comfortable retirement, you don’t need any roadblocks that steer your plan off course. That should start with making sure you have home and auto insurance aimed at effectively handling any major losses.

When it comes to your home, ERIE’s guaranteed replacement cost coverage1 can pay for the full cost of rebuilding your house back to its previous size and specifications after a covered loss – even if increased costs of labor and materials make construction more expensive than expected. Additionally, ask your agent about ERIE Secure Home Bundles, which offer ways to expand your protection beyond our standard homeowners policy for underground service lines, appliances and more.

Cruising into retirement with a new ride? Ask about the ERIE Auto Security2endorsement. If you total a new car3 that’s less than two years old, ERIE will pay to replace it with the newest model year. (In short, your car will depreciate, but your insurance doesn’t.) And if you’re looking for an affordable way to boost your auto coverage, ask about ERIE Auto Plus for extra features for just $35 (or less) per year.

2. We’ll likely be on a fixed budget in retirement. What can we do to avoid unexpected rate hikes?

Your ERIE agent can talk you through a range of potential insurance discounts, from multi-policy discounts and first accident forgiveness to a diminishing deductible option.

As you cruise into your golden years on the road, ERIE offers a few discounts and perks:

  • 55+ Driving Discount: Yes, a discount for all of your good, hard-earned driving experience. Talk to your Agent about this discount.4
  • Reduced Usage Discount: A good option for snowbirds: If you plan to store your vehicle for 90 consecutive days or more, ERIE offers a reduced usage discount in most states (except Kentucky).4
  • Accident Prevention Course: Updating your driving skills, just like in your younger years, there’s a driving discount available for drivers 55+ who retake a driving skills course.

Beyond that, ERIE provides some additional options that help avoid untimely rate hikes. With the ERIE Rate Lock® feature6, you will pay the same auto premium year after year. Even if you have a claim, your rates won’t change until you make certain changes to your auto insurance policy, such as adding or removing a vehicle or a driver from your policy, changing your primary residence or where you usually park your car.

3. We’re thinking of downsizing. How might that affect our homeowners coverage and cost?

One might assume a smaller home translates to smaller insurance costs as well. But that’s not always the case, as a range of factors drive homeowners insurance rates. For instance, if your downsize lands you in a seaside bungalow, you could be facing a spike in what you pay for homeowners insurance because of the risks associated with coastal living.

The age of a home factors in, as well. On one hand, a newly built house needs fewer repairs and has the latest equipment, technology and safety features that can mean to lower risks — and (potentially) lower payments. On the other hand, if all that newer stuff costs more to replace, it could prove more costly to insure than your current home. Even your proximity to a fire department can impact rates.

It really comes down to a case-by-case situation. That’s why it’s a great benefit to have your ERIE agent involved during the house-hunting stage.

4. Does life insurance still make sense at this stage of our lives?

There’s no set answer for that question, which is definitely worth exploring with your ERIE agent. How much – or little – life insurance you have as an empty nester depends on a range of factors including your current and anticipated financial situation, the status of your dependents or grown children and your future plans.

Keep in mind that retirement savings might not stretch as far as expected after factoring in taxes, inflation and less-than-stellar investment returns. With a whole life policy, you can borrow against your policy cash value as well as use it to supplement your income during your retirement years. And while you’re thinking about life insurance make sure your will is updated and your beneficiaries are clearly defined.

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Severe Weather

Prepare for Hurricane Isaias

Severe WeatherHurricane Isaias is expected to travel northward, impacting North Carolina and Virginia early next week. Even if the storm center does not make landfall, it is likely to cause high winds and heavy rain along the coast and inland.

If you experience a loss related to the storm and need to file a claim, Erie Insurance and your Agent are here to help. For claims service during evenings and weekends, call (800) 367-3743.

We encourage you to stay off the roads during heavy rains and follow these tips to reduce damage and stay safe:

• Bring in garbage cans, lawn furniture, bikes, toys, hanging plants and lawn decorations. If possible, remove the swings on your child’s swing set to prevent unnecessary damage.

• Move furnishings and valuables to the highest point in your house.

• Keep a supply of flashlights and extra batteries handy in case of loss of power. Avoid open flames, such as candles and kerosene lamps, as a source of light.

• If you lose power, turn off all major appliances to avoid a power surge when the power is turned back on.

• Do not drive or walk through standing water. Water can be deeper than it appears, and two feet of water can sweep away most cars and six inches of moving water can sweep you away when walking.

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Car Sense

How to Plan a Road Trip Vacation

2020 has been full of winding roads, and the year is only halfway done. Now that summer is officially in full swing, many families are preparing for some rest and relaxation. But with travel restrictions, social distancing and other COVID-19 mandates in place, many vacations look different than originally planned.

For many families, that may mean loading up the car and staying closer to home.

Check out our tips for how to pack smart, plan a route and, most importantly, how to prepare for any mishaps that might come your way.

PACK SMART

  • Use a checklist. We all hate the feeling of forgetting to pack something. To avoid leaving any essentials at home, create a list a few weeks before you leave — and add to it as you think of new items. Then, pull out the list as you start packing and check off items as you go.
  • Make extra space. Avoid the temptation to fill your vehicle up to the roof. This obstructs the view from your rearview mirror and severely limits your visibility. Instead, consider a rooftop cargo box or hitch-mounted cargo carrier to create extra storage space.
  • Keep pets safe. Is the family dog headed to the beach with you? Use a pet carrier or harness device to keep him safe for the ride. If your pet is hurt in a covered accident while riding in your car, ERIE will help cover the vet treatment costs by reimbursing you up to $500 per pet (up to two pets) for a maximum reimbursement limit of $1,000).But why ruin a getaway with trips to the vet? It’s better to learn how you can keep pets safe in the car right off the bat. Oh, and don’t forget to pack a portable water bowl and some extra food for rest stops.

KNOW YOUR ROUTE

  • Use your GPS. Before you leave home, enter all of your destinations into your vehicle’s GPS system or a mobile navigation app. This will give you real-time updates on travel time and save you from searching for addresses at the last minute.
  • Plan for traffic. Construction delays can strike anytime, anywhere in the summer. And driving through a major city during rush hour could add hours to your itinerary. Know where congestion is possible and plan to travel during off-peak hours. Mobile navigation apps like Google Maps or Waze can also help by predicting traffic time and suggesting alternate routes if you get stuck.
  • Bring an atlas. Even though you haven’t used one in ages, keeping a road atlas in the car is always a good idea. With an old-school paper map, you don’t have to worry about losing your GPS signal or running out of battery. And if you have kids, they may get a kick out of tracking your travels.
  • Skip the toll booth. If you’ll be traveling on the turnpike, consider ordering an electronic transponder like E-ZPass. Using an electronic toll system allows you to skip the cash lines and pay lower fares. Already have a toll pass? Make sure your credit card information is up-to-date so you can reload your device when it runs low.

PREPARE YOUR VEHICLE

  • Schedule a multi-point inspection. This type of inspection, usually done at a dealership or independent auto shop, is a great way to get a snapshot of your vehicle’s overall condition. A trained mechanic can let you know of any maintenance issues to fix before they get worse (or more expensive).
  • Check your tires. Before you leave home, inspect the condition of your tires and inflate them to the pressure recommended by your vehicle’s manufacturer. If your tires are low on tread, replace them before you hit the road. You can check by using “the penny test.” Just insert a penny upside down into a tread groove. If you can see the top of Lincoln’s head, it’s time for new tires.
  • Change your oil. Road trips can rack up the miles on your car in the span of just a few days. Look ahead to preventative maintenance, like oil changes, that may come due while you’re traveling. Taking care of it before you leave is not only good for your car — it’s good for peace-of-mind, too.
  • Top off fluids. Don’t wait until your windshield is covered with bugs to find out your washer fluid is empty. Before your road trip, check all of your vehicle’s fluid levels. That includes windshield washer fluid, antifreeze, brake fluid, oil and power steering fluid. Top them all off as needed.

BE READY FOR ANYTHING

TAKE A BREAK

  • Make regular stops. While eliminating stops can help you get to your destination sooner, it’s not the most enjoyable way to travel. Stopping to take a short break every few hours will give everyone a chance to stretch their legs, and can help you stay more alert behind the wheel.
  • Pack healthy snacks. Chips, chocolate and soda. Every kid’s dream meal. To avoid the sugar highs after every rest stop and gas fill-up, pack a small cooler filled with bottled water, cereal bars, fruits and vegetables. Avoid salty foods or sugary drinks that may actually make you thirsty, or heavy foods that can make you tired.
  • Find ways to pass the time. “How much longer?” “Are we there yet?” “I’m bored!” If you’re traveling with children, check out these four brilliant ways to keep kids occupied on road trips.

PROTECT WHAT MATTERS MOST

When it comes to packing for your road trip, we know the people you travel with are your most important cargo. That’s why we’re here — to help you make sure they’re protected.

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New Year Resolution

7 Tips to Help Your New Year’s Resolution Stick

New Year ResolutionAs the year winds down, people will be making New Year’s resolutions—and lots of them. This year, many Americans will make a New Year’s resolution to get fit, stop smoking, learn French, stress less and onward and so on.

And yet…

Anyone who has witnessed a crowded January gym slow to a trickle by February knows that many resolutions just don’t stick. Some studies have reported that as few as 8 percent of people actually succeed in keeping their resolution.

So, how can you be among the few who see their promise through? Here are a few ideas to make it go right.

TIPS FOR KEEPING YOUR NEW YEAR’S RESOLUTION

  • Make a mini resolution. Who says you have to run a marathon or model your home after Martha Stewart’s? There’s nothing wrong with making less ambitious, but more achievable, goals like running a 5K or organizing your most out-of-control closet.
  • Be specific. Lots of people fail because they make resolutions that are too general or too difficult to measure. Examples include “get healthy” or “spend more time with my spouse.” Instead, vow to “Walk an extra 20 minutes every day” or “Schedule a weekly date night with my spouse.”

    Related: 5 Quick Ways to Make Your Home Safer This Year 

  • Plan, plan, plan. Maybe you have a big goal like “start a business.” If so, you’ll have more success if you plot out the many steps it takes to make it a reality. Buy a goal-setting journal or download an app to break down your plan by month, week and day. (And if you do want to start that business this year, learn more about business insurance – it’s essential for protecting your investment of time and money.)

    Related: A Simple Guide to Business Insurance for Startups and New Businesses

  • Take it public. Some people feel that they’re more likely to keep a New Year’s resolution when they tell others. Still, others prefer to keep it private – and that’s OK! If you’ve been keeping your resolution to yourself the past few years but haven’t seen results… consider giving this strategy a try.
  • Find a buddy. A friend who shares your New Year’s resolutions can provide a massive dose of motivation.

MORE ADVICE FOR THE NEW YEAR

Want to take a different approach? Then you might consider some unconventional methods to your resolution.

  • Consider a disincentive. On Stickk.com, you can have your credit card charged each time you fall short of your goal. You can direct the money to go anywhere — but you might consider sending it to an organization you detest. (Two ideas include a political party you’d never support or a university that’s the arch rival of the one you attended.)
  • Make a resolution to enjoy and protect what you already have. Perhaps you recently invested in something big, like a new home or a renovation project. If so, take the time to enjoy what you already have before thinking ahead to the next thing you need or want.

That’s where it helps to have the right insurance. After all, insurance is designed to protect the things you’ve worked hard to achieve and that matter most to you.

At Erie Insurance, we have a genuine enthusiasm for our customer’s successes. Whether you’re renovating your home, starting a family or changing direction in life, we’re eager to offer our encouragement and expertise.

See what makes our home insurance different
 or find a local ERIE agent in your neighborhood who can give you a customized quote.

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Hurricane-Insurance

Hurricane Florence – Be Prepared

Hurricane Florence has the potential to bring heavy rains and high winds to coastal areas starting Thursday evening, with the chance of inland flooding for North Carolina and Virginia. Both states have declared a state of emergency.

If you experience a loss covered by your policy and need to file a claim, Erie Insurance and your Agent are here to help.

We encourage you to stay off the roads during heavy rains and follow these tips to reduce damage and stay safe during the storm:

• Bring in garbage cans, lawn furniture, bikes, toys, hanging plants and lawn decorations. If possible, remove the swings on your child’s swing set to prevent unnecessary damage.
• Move furnishings and valuables to the highest point in your house.
• Keep a supply of flashlights and extra batteries handy in case of loss of power. Avoid open flames, such as candles and kerosene lamps, as a source of light.
• If you lose power, turn off all major appliances to avoid a power surge when the power is turned back on.
• Do not drive or walk through standing water. Water can be deeper than it appears, and two feet of water can sweep away most cars and six inches of moving water can sweep you away when walking.

________________________________________
Find more helpful tips on erieinsurance.com:

What to do Before, During and After the Storm

Preparing for a Flood and Lessening Water Damage

How Named Storms Affect Your Insurance Coverage

Video: What We Learned from Hurricane Katrina and Affected Cars

*Note: New insurance and certain changes to existing insurance may not be available when there is a known threat of severe weather or in the immediate aftermath of a severe weather event. Talk to your Agent.
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Should you experience damage from a storm that is covered by your insurance policy and wish to file a claim, please contact your ERIE Agent. For claims service during evenings and weekends, call (800) 367-3743.

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Business Risks

4 Overlooked Business Risks Covered

The success of any business depends on hard work and ingenuity. Should disaster strike, business insurance helps protect the effort and money you’ve invested in your business. But because businesses are so diverse, you should consider a variety of optional coverages too. These extras are added to your business insurance policy as endorsements. Here’s how endorsements can help cover four common business risks.

1. Data breaches: Any business that has personal or medical information about its customers, tenants or employees is at risk for a data breach. Most states have breach notification laws that not only require a business owner to inform any affected individuals (customers) of a data breach but also specify the manner and period in which the business owner must inform customers. Here are coverages you may want to consider:

  • Data Breach Response ExpensesIt could cover the expenses you incur when notifying affected individuals of a breach per state laws.
  • Data Breach Liability Coverage: It could cover damages that you are legally obligated to pay when your customers’ nonpublic personal information that is lost, stolen or accidentally released is used fraudulently. It also covers the cost to defend lawsuits seeking damages.

2. Employment practices liability: These days, hiring, firing and day-to-day employee management can be risky business. You’d like to think that your employees would never dream of filing a claim or suit against you or your business for discrimination, wrongful termination, harassment or sexual harassment. Unfortunately, it does happen. Responding to claims or suits like these will require time and money.

With Employment Practices Liability Coverage, you will not have to face an employment claim on your own. It can help protect you against liability damages and cover defense costs.

3. Professional liability: You’re expected to have technical knowledge or training in a particular area of expertise or perform certain services according to the standards of your profession. If you fail, you could be held responsible for any harm that you caused to another person or business. Professional liability coverage can provide you with protection for claims arising from negligent business or professional practices.

4. Identity theft: As a small business owner, your personal credit may be tied closely to your business. Having your own identity stolen, could jeopardize your credit and affect your business operations. ERIE’s Identity Theft Recovery coverage can be added to a business insurance policy and provide coverage1 for:

  • Certain legal fees, such as those incurred while defending any civil suits brought against you by creditors or collection agencies.
  • Lost wages.
  • Credit reports and postage, phone and shipping fees related to resolving identity theft and fraud.

Your business needs protection provided by a company and insurance adviser that you can trust.

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