How Comprehensive Is Your Commercial Insurance Coverage?

Posted on July 19, 2024July 8, 2024 by admin

As an entrepreneur based in Albany, NY, you are probably aware of commercial insurance’s necessity. However, how well does your current policy cover your business? At M&K Dignum Insurance Agency Inc, we believe every business owner should understand the depth of their coverage. Here’s what you need to know.

Understanding Your Commercial Insurance Policy

A commercial insurance policy is a significant investment designed to safeguard your business from various risks. The aim is to prevent financial stress caused by unfortunate incidents such as property damage, employee lawsuits, or even natural disasters. While simply having commercial insurance is a good start, it’s vital to ensure your policy is comprehensive and covers all aspects of your business liabilities.

Evaluating the Completeness of Your Coverage

The sufficiency of commercial insurance largely depends on the nature of your business operations. Ask yourself: Does your coverage include property insurance, liability insurance, and workers’ compensation? If not, you may wish to re-evaluate your policy.

Property Insurance: This protects your company’s physical assets against losses from theft, fire, or natural disasters.
Liability Insurance: If legal complications arise from accidents, contract disputes or other claims, liability insurance provides the necessary coverage.
Workers Compensation: This covers any employee who suffers an injury or illness while working, ensuring they receive proper medical attention and compensation.

Closing the Gaps with M&K Dignum Insurance Agency Inc.

Shaping a comprehensive commercial insurance policy can be complex and time-consuming. By partnering with a reliable insurance agency, you can ensure all aspects of your business have adequate coverage. At M&K Dignum Insurance Agency, we are dedicated to helping businesses understand and acquire the necessary insurance coverage tailored to their needs.

Solidify the defense of your business with a comprehensive commercial insurance policy. To discuss your existing policy or explore new coverage options, contact us today.

Three Types of Commercial Insurance You May Need

Posted on March 29, 2024March 27, 2024 by admin

Your business is unique, and it needs commercial insurance to cover its unique things. Different businesses need different types of business insurance depending on many factors. Whether you have employees, how many of them you have, where your business is located, and what you sell are all important factors in determining the types of commercial insurance you need. To learn more about commercial insurance for your business, call us at M&K Dignum Insurance Agency Inc. in Albany, NY.

Workers’ Compensation Insurance

If you have employees, you need to have this type of insurance coverage. It protects your business by paying for the expenses that are due after an employee gets sick or injured on the job. Injuries can be caused by just about anything, so you still need this insurance even if you don’t have any dangerous equipment in your business. It also protects your employees, making sure that their accident-related expenses will be paid.

Cyber Insurance

This type of commercial insurance protects your business from mishaps that happen online, such as data breaches. It can be valuable coverage in case of a major problem that you’re liable for. Data breaches often lead to spending a lot of money to mop up the situation. Cyber insurance can be provided to you when you need it.

Product Liability

If you sell a product of any kind, there’s always the chance that it could harm someone. With product liability insurance, your business is protected against many lawsuits that can result from someone getting hurt. You need this coverage for your own peace of mind and financial protection.

Get Commercial Insurance

To discuss the types of commercial insurance you may need, call us at M&K Dignum Insurance Agency Inc. in Albany, NY.

A First Time Home Buyers Guide to Home Insurance

Posted on February 28, 2024February 22, 2024 by admin

Securing the Right Home Insurance as a First-time Homeowner

Congratulations on advancing towards homeownership! This thrilling chapter underlines the significance of furnishing yourself with correct knowledge of home insurance. M&K Dignum Insurance Agency Inc., dedicated to serving Albany, NY, is here to enlighten you with a comprehensive home insurance guide tailored for first-time buyers.

Understanding Home Insurance

Home insurance acts as a critical financial safeguard, shielding your abode and personal belongings against unexpected incidents like fires, theft, vandalism, and natural disasters. This coverage provision extends to repair or replacement costs, liability protection, and additional living expenses should your home become uninhabitable due to a covered peril.

Determining Your Coverage Needs

Before committing to a home insurance policy, evaluate your coverage needs, bearing in mind your home’s value, the cost to replace your personal effects, and your personal risk appreciation. Consider factors like your home’s location, construction materials, and any additional amenities that may impact your coverage needs.

Know the Types of Coverage

Dwelling Coverage: This defends your home’s structure against covered perils.
Personal Property Coverage: Protects your personal items, like furniture, apparel, and electronics.
Liability Coverage: Offers financial protection if you’re legally liable for someone’s injury or property damage.
Additional Living Expenses: Avails temporary living costs if a covered loss renders your home uninhabitable.

As you embark on your homeownership journey, count on M&K Dignum Insurance Agency Inc. to be your reliable partner in securing your investment. We’re proud to serve the greater Albany, NY, area. Reach out to us for assistance locating the perfect policy or to clarify any inquiries you may have.

Auto Drivers & Accident Forgiveness

Posted on January 22, 2024January 29, 2024 by admin

At M&K Dignum Insurance Agency Inc., we’re committed to providing a safety net for those unexpected moments on the road in Albany, NY. That’s precisely why we introduced our Accident Forgiveness program – a feature tailored for the responsible drivers of New York.

Empathetic Approach to Accidents

Accident Forgiveness is more than just a policy feature; it reflects our empathetic approach to insurance. We understand that even the most cautious drivers can have a bad day. This program ensures that your first at-fault accident won’t lead to an increase in your premium rates. It’s our way of standing by you when you need it the most.

Eligibility Criteria

Most drivers with a clean driving record are eligible for this program. It’s our reward to you for your commitment to safe driving. Eligibility is generally based on your driving history, ensuring that responsible driving is acknowledged and rewarded.

The Importance of Accident Forgiveness

An accident can be a jarring experience, but facing increased insurance rates afterward can add to the distress. This program is designed to alleviate that financial worry, allowing you to focus on what matters most – getting back on track.

Seamless Policy Enhancement

Integrating Accident Forgiveness into your policy is seamless with M&K Dignum Insurance Agency Inc. Our team in Albany, NY is dedicated to making the process transparent and straightforward, ensuring your policy accurately reflects your lifestyle and needs.

At M&K Dignum Insurance Agency Inc., we’re not just insurers; we’re partners in your journey. We’re here to support and protect you as you navigate the roads of life.

Looking for comprehensive protection on the road?

Contact M&K Dignum Insurance Agency Inc. today. Let us help you drive with confidence and peace of mind in Albany, NY.

When an International Visitor Asks to Borrow Your Car

Posted on December 20, 2023January 2, 2024 by admin

You may be aware that you can usually rent a car in another country using your U.S. driver’s license and additional paperwork, but what about an international visitor just asking to borrow your car? Perhaps your friend from over the border or across the world is visiting for a couple of weeks and staying at your home. You might decide to decline because you don’t know the implications of letting them drive your personal car with your insurance. After all, they don’t have U.S. insurance, so it’s different from a friend or neighbor from around town or even another state asking to use your vehicle.

You might also just decide to "risk it," with all the nightmares that evoke for insurance professionals who know what could be at stake.

We’re Here to Answer Cross-Border Questions

For our M&K Dignum Insurance Agency Inc. customers in Albany, NY, the question of international driving comes up more often because the Canadian border is not so far away. Similar questions arise these days for people visiting while attending a university, family and friends from overseas, or even people new to the community from other countries.

International Driving Permits

According to the NY DMV, International Driving Permits are not required to drive here, even if you’re from another country besides Canada and Mexico, but they can be helpful. They provide information in English about your license that helps authorities in New York determine that you have a valid driver’s license. When traveling overseas, these easily obtained documents are sometimes required. For your specific situation, such as long-term stay, student or learner’s permit from another jurisdiction, or if you want to adjust your coverage, M&K Dignum Insurance Agency Inc. is ready to help you in Albany, NY!

Securing Your Business Fortunes: The Definitive Guide to Commercial Insurance

Posted on November 17, 2023December 1, 2023 by admin

Unexpected changes are inevitable in the fast-paced business world. Savvy business owners in Albany, NY are turning to commercial insurance to secure their business fortunes from unforeseen risks. M&K Dignum Insurance Agency Inc. can help you understand the basics of how commercial insurance works.

Commercial Insurance Basics

The terms commercial insurance and business insurance are interchangeable. Business insurance is designed to protect business owners from the devastating financial losses associated with unexpected events like natural disasters or theft that can cause indefinite shutdowns.

Today’s business owners get general liability insurance to protect their business finances from legal claims for bodily injury, property damage, and personal injury that occur during the course of business. Get commercial property insurance to protect your physical business assets, including buildings, equipment, and inventory, from fire damage, theft, or natural disasters that can lead to flooding.

Business interruption insurance can help to cover losses related to indefinite business shutdowns. Talk to a trusted insurance agent at M&K Dignum Insurance Agency Inc. To learn how business interruption insurance can help your business recover lost revenue and operating expenses in the event of a disaster.

New York business owners who get errors and omissions insurance are protected from claims related to professional liability. This insurance helps protect business owners of all sizes from negligence or quality of service claims.

Reach Out To Us

Don’t wait until it is too late to protect your business. Reach out to a trusted insurance agent at M&K Dignum Insurance Agency Inc. in Albany, NY to learn about the benefits of commercial insurance in New York.

An Uninsured Home is a Vulnerable Home

Posted on October 20, 2023October 31, 2023 by admin

Albany, NY is a great place to call home. Like any home anywhere, however, there are more than a few reasons why home insurance is a good idea. From the financial help provided when homes are damaged to protection against liability and other concerns, insurance makes a difference when we need it most. That is also where the experienced and professional team at the M&K Dignum Insurance Agency can help.

From its culture to its villages and suburbs and rich history, New York is a place where many people build their hopes and dreams. For many of us, that includes the pride and joy of being a homeowner. At M&K Dignum Insurance Agency Inc., we take pride and joy in helping families protect their homes and their hopes and dreams.

Home Insurance for NY Residents

Many of us will never experience damage as a result of a fire, flood, tornado, storm, or any other potentially catastrophic event. That is the good news. The bad news is many of us will. In fact, according to statistics, there are more than 350,000 house fires on average each year in the US.

The cost of restoration, recovery, and repairs for incidents like fires, flooding, and storms is also one more burden and considerable expense that homeowners must face in the aftermath of these events. These are also a few more good reasons to consider home insurance and to ensure that your policy is up-to-date.

We Are Here To Help

Thank you for visiting the M&K Dignum Insurance Agency Inc. If you live in or around Albany, NY and are in the market for home insurance or want to learn more, we can help. An uninsured home is a vulnerable home. We invite you to contact us today to get the home insurance you need and the protection you deserve.

Required Auto Insurance in New York

Posted on September 22, 2023September 28, 2023 by admin

When you own a vehicle in New York, you’re required to get an auto insurance policy for it. You have to have this policy in place before you can register your vehicle. And if your coverage isn’t kept, your vehicle’s registration and even your driver’s license can be suspended by the DMV. Make sure that you have a policy for as long as you own your car or truck, and carry proof of the policy with you. When you’re in need of an auto policy, call us at M&K Dignum Insurance Agency Inc. in Albany, NY.

Required Coverage

There are different types of coverage in every auto insurance policy. Yours in New York must contain a total of five amounts of coverage for liability. The first is an amount for property damage liability. This pays for the damage to someone else’s property, such as their vehicle, in an accident that you caused. Then, there is an amount of bodily injury liability for one person and an amount for the death of one person in an accident. In addition, there is an amount for the bodily injury of two or more people and an amount for the death of all of the people killed in the accident. All of these amounts have strict minimums, but you can generally add to your liability coverage if you wish.

Other Auto Coverage

You can also get non-required overage types in your policy. These include both comprehensive coverage and collision coverage. When you have comprehensive insurance, it offers protection against many of the risks your vehicle faces when you aren’t driving it. Collision insurance pays for the damage that happens to your car or truck when you’re in an accident that you caused.

Get Auto Insurance Today

To get your auto insurance, call us at M&K Dignum Insurance Agency Inc. in Albany, NY.

Slippery When Wet

Posted on August 24, 2023September 1, 2023 by admin

Sad to say, some people make a living out of doing this; they spill some water on the floor at a place of business and take a pratfall. They pretend to be badly hurt and threaten to sue the business. Let’s say you have commercial insurance. (You really should)!

Here’s how to protect yourself from such fraud:

How to Smell a Rat

When a person is legitimately injured, their first thought is to make the pain stop or at least prevent it from getting worse. Are they assigning blame and threatening to sue before even dealing with their "injury"? Beware when someone injured at your business declines medical attention or won’t provide medical records. If this person has a record of frequently suing for injury, you may be the latest in a line of suckers. Don’t be fooled by witnesses. They may be in on it. The surest way to prevent being taken by these con artists is video surveillance and lots of it. The camera never lies.

How to Report a Fraud

You have both a right and an obligation to report and prevent fraud. Doing so may grant you civil immunity. This means you will have a legal defense against any lawsuit for libel or slander barring the event that it can be proven that you made the report with malice, fraudulent intent, or bad faith. (We’ll kindly assume that you didn’t.) If you believe a claim against you is fraudulent, contact your insurance company immediately and work with them. They should give you advice on what to do. You may not have to go to court, but make it clear that you’re not afraid to take it that far.

Looking for Insurance in Albany, NY? M&K Dignum Insurance Agency Inc. is Here to Assist!

As a business owner, you know how important commercial insurance is. M&K Dignum Insurance Agency Inc. serves the greater Albany, NY community and we are committed to seeing that you are treated fairly.

How to Choose the Right Neighborhood When Buying Your First Home

Posted on July 21, 2023August 9, 2023 by admin

Choosing the right neighborhood here in the Albany, NY area when buying your first home is an important step in the home-buying process. You want to make sure you’re making an informed decision and that you’re selecting an area that meets all of your needs.

Here are some tips from us at M&K Dignum Insurance Agency Inc. to help you choose the perfect neighborhood:

1. Do Your Research

Before you start looking for houses, do your homework and research neighborhoods to find out what each area has to offer. Look at crime rates, average property values, schools, demographics, and economic indicators. Knowing what’s available in a particular area can help you narrow down your choices.

2. Visit the Neighborhood

Once you’ve narrowed down your list of potential neighborhoods, take a tour of them in person. Talk to local residents and business owners about their experiences living there; see how well-maintained the properties are; check out nearby amenities like parks or public transportation; and analyze traffic patterns.

3. Consider Your Lifestyle

Think about what elements are most important to you in a neighborhood: Is it walkability? Proximity to shops or restaurants? Accessibility to entertainment? These details will be unique for every buyer so take time to consider how each aspect of a particular area fits into your lifestyle before making a purchase decision.

4. Think Long Term

When buying your first home, ask yourself whether this is the kind of place where you can see yourself living long-term as well as now.

We Can Help!

For more tips or information on a home insurance policy to cover your new home, give us at M&K Dignum Insurance Agency Inc. a call today. We are proud to serve the Albany, NY area.

M&K Dignum Insurance Agency, Inc.

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