The Fertilizer Plant Blast in West, Texas, Caused $100 million in Damage but Only had $1 Million in Insurance

The fertilizer plant blast in Texas is a prime example of what happens when you are uninsured as a business. The explosion that happened on April 17, 2013, left 15 people dead and injured over 200 others. The fertilizer plant had a liability business insurance policy of $1 million. That money will have to be divided amongst all of those who have filed a lawsuit against the company, and it’s nowhere near enough to satisfy the claims.

Lawyers for plaintiffs are most likely going to have to see if there are other related companies that can be sued in order to recover damages for their clients. Lawsuits are most likely going to be filed against the owner of the plant for allowing unsafe conditions to exist. In the meantime, it’s a good bet that the fertilizer plant is out of business for good, leaving a swath of destruction in its wake.

You need insurance when you operate a business, no two ways about it. Having a policy that is adequate to cover your operations protects you and your assets from lawsuits that can put you out of business for good. It may seem like a nuisance and an extra bill now, but it provides you with valuable protection.

If you are interested in learning more about an insurance policy for your business, contact Stromsoe Insurance Agency for information.

Why you Should Say ‘I Do’ to Wedding Insurance

When planning a wedding, couples strive to make sure that the happiest day of their lives is perfect. From choosing the perfect venue to the hottest band, no detail is neglected. In the pursuit of having the best possible day, brides and grooms seldom think about things that may spoil their wedding. Inclement weather, sickness or injury to someone in the bridal party and venue mishaps are just a few examples of things that can ruin a wedding. When situations like these occur, a couple may need to postpone or cancel the wedding. As a result, deposits and other money paid toward the cost of the wedding can be lost.

If this happens, couples can be faced with losing significant amounts of money. Although there is no way to guarantee the happy couple a perfect day, wedding insurance can ensure that they can recoup some, if not all, of the money they have laid out. Depending on the amount of insurance required, premiums for wedding policies generally range from $100 to $1,000, that’s a small price to pay for peace of mind.

Stromsoe Insurance Agency can help you find the right wedding insurance policy. Couples in Murrieta should contact us today for more information.

Easy Ways you Can Save on Auto Insurance

Prudent car owners will want to do everything possible to minimize the costs of operating their vehicle, and it’s particularly important to know how to save money on auto insurance.

When shopping for new auto insurance or when you are reviewing your existing policy, here are some easy tips to help you reduce costs:

Purchase the minimum bodily injury liability that is required by law. Make sure to consult with your insurance professional so your assets, such as your home or stock portfolio will be protected if someone sues you after an accident.

Determine how much you can afford to pay if you need your car fixed, and lower the amount of collision coverage accordingly. Higher deductibles will result in lower insurance costs.

Purchase less coverage for medical payments if your personal medical insurance will be sufficient to cover you to your satisfaction. To be sure, contact your insurance agent for assistance in making this decision.

The experts at Stromsoe Insurance Agency are proud to represent more than 44 companies, enabling them to help customers find the optimal insurance coverage to meet their budget. For more information about saving money on auto insurance, please feel free to contact the professionals at Stromsoe Insurance Agency today.

Back to Basics: Commercial Renters Insurance

Whether it’s a store front, warehouse or office space, when your business rents in a commercial property, you will need to obtain commercial renters insurance. This type of insurance will cover property, office equipment, machinery or stock that you have on the premises in the event that it is damaged or stolen. Some policies will also cover accidental damages to the premises.

Special riders can be added to commercial renter’s insurance for flood damage, damages sustained due to other natural disasters and specialty items, such as glass window displays. Business interruption insurance provides for the loss of income during the time a business is forced to be closed due to fires or other natural disasters. This valuable protection is also available as a rider to your basic policy.

Premiums for commercial renters insurance depend upon a number of factors including fire risk, location of the property, items stored on the property and whether you choose replacement cost or current value coverage for inventory, machines and other items.

Stromsoe Insurance Agency can answer any questions you have about commercial renters insurance in the greater Murrieta area. We can also help you find the right policy at the most competitive rates. Contact us today for all your business insurance needs.

Your Guide to a Fun and Safe Summer

With summer here, there are many things you will want to keep in mind in order to keep your children safe. One of the biggest things to know is how to keep your kids safe around pools.

Keep Locks on Pool Fences

If you have a caged in patio for your pool, then you should make sure that the doors are locked. Even if you only have a fence around the outside, having a lock can help keep kids from ending up in the pool. With this, keep toys out of the pool so children do not want to chase after them.

Keep an Emergency Kit on Hand

It is also good to have an emergency kit on hand if there is an accident. Along with this, you should always have a phone by the pool so you can easily call for help.

Never Leave Children Unattended

One of the worst things you can do is leave while your child is in the water as this is one of the most common causes of drowning. You want to stay there with them in case they have any issues or are in need of helpl.

To find out more about pool safety, contact Stromsoe Insurance Agency.

Summer Tips for Skin Cancer Prevention

Skin cancer prevention is important every day, but even more so in the summer months. The following tips can help you keep your skin safe from the sun’s harmful rays.

  • Stay out of the sun as much as possible between 10 a.m. and 4 p.m. This is when the sun’s rays are strongest and can cause the most damage. Any direct contact with sunlight can be harmful, these hours are just the peak times to avoid.
  • Wear sunscreen. Sunscreen with a minimum Sun Protection Factor (SPF) of 30 is advised for adequate protection. Sunscreen should be applied at least fifteen minutes before heading outdoors and reapplied every couple of hours or if you have been in the water.
  • Cover yourself and as much of your skin as possible. Wear a wide hat and long clothing if you are going to be outdoors in the sun.
  • Develop a skin care regimen that includes thoroughly checking for new marks or spots, or changes in existing ones. Consult your doctor if you notice anything new or unusual.
  • Avoid tanning yourself intentionally, either by laying in the sun or using a tanning bed.

To find affordable health insurance in the greater Murrieta, California area, contact Stromsoe Insurance Agency today.

Are you Taking all the Right Precautions While Off-roading?

If off-roading is one of your favorite leisure activities, you know the dangers involved. Prime off-road vehicles sit tall for good visibility, but also have higher centers of gravity, which make them prone to rollovers. Roads that are popular for off-roading are generally well off the beaten path, which means accidents can take a while to be discovered. Due to these known dangers, you probably put some effort into following off-roading safety tips, sticking to group ventures and going only for those paths you know your vehicle can safely handle.

You may be less prepared when it comes to off-roading insurance, though. The danger-prone hobby of off-roading may not be covered by many health and auto policies, which is why off-roading has its own specific insurance to cover accidents that may occur while you are out playing on the rocks or in the forest. Having specific off-road insurance ensures that you are covered in case of damage to either your vehicle or injury to yourself.

Find out more about off-roading insurance and insurance options for motorcross in Murietta, California by contacting Stromsoe Insurance Agency.