What type of life insurance is right for me in Oregon?

Having proper insurance is very important for people in the Astoria, OR area. A type of insurance coverage that all people need to consider getting is life insurance. This is an important form of coverage as it can help you provide financial protection for your dependents. There are various types of life insurance to consider getting, and it is essential to assess the benefits of each to determine which is suitable for your situation. 

Term Life Coverage

A term life plan is an ideal life insurance option for many people. When you have this type of coverage, you will have insurance through the term of the policy, which can be 25 years or longer. Premium payments on this type of coverage tend to be more affordable, allowing you to take out more coverage that can support many costs that your dependents could incur. 

Whole Life Coverage

Getting a whole life insurance plan in some situations is also a good idea. While it can be more expensive, whole life provides an additional financial advantage as the policy can grow a cash-value equivalent. Eventually, this will grow into a large sum you can choose to liquidate, post as collateral, or continue to grow. You can also receive the same life insurance benefits. 

If you are in the Astoria, OR area, you will want to ensure you continue to have the right insurance. When shopping for life insurance here, calling our team at Linda Dugan Insurance can be a good idea. Our professionals at Linda Dugan Insurance know the value of life insurance and understand the different types of coverage available. When you contact us, you can receive the support you need to build your next plan. 

Understanding General Liability Insurance Policies Within Commercial Insurance Coverage

Commercial insurance is a vital business investment that offers financial and legal protection. This is true no matter what type of industry your Astoria, OR business is in. One of the most important parts of this insurance style is general liability coverage, which offers specialty protection against third-party claims made against your company. The following is a quick look at what that protection looks like and why it’s important.

Understanding General Liability Coverage Within Your Commercial Insurance Policy

General liability coverage will protect your business in three types of situations:

  1. Bodily Injury. If a guest or customer on your property is injured or sustains bodily injury due to your business’s operations, then general liability coverage will step in and cover their medical expenses and legal fees so your business doesn’t have to.
  2. Property damage. If, rather than injuries, someone’s property is damaged or destroyed, then the property damage clauses within a general liability policy will likewise offer compensation for that property’s repair or replacement.
  3. Personal and advertising injury. Sometimes, another party may suffer non-physical harm from your business’s advertising or other business operations. Common examples include allegations of copyright infringement and defamation. Regardless if you believe them to be true, a third party can take such cases to court, which is an expensive and time-intensive process. But if you have general liability insurance, you will have coverage for your legal defense costs and any settlements or judgments.

Contact Our Team at Linda Dugan Insurance

General liability insurance can serve as a business-saving shield for companies, offering protection against potential lawsuits. Learn more and get started on your company’s insurance policy by calling our team at Linda Dugan Insurance in Astoria, OR, today.