Are There Any Forms of Commercial Insurance That Protect You From Employee Lawsuits?

Posted on October 31, 2025October 24, 2025 by admin

The reality of being an employer is that you’re going to hire employees who are great and don’t create any issues for your business. On the other hand, you might have employees who become a liability. While most business owners are focused on getting a commercial insurance policy that can defend their office space against natural disasters or reduce personal liability when a product hurts someone, they might not think about how to protect their business from employees.

Fortunately, there’s coverage for that. IAL Insurance, serving Indianapolis, IA, explains.

What Commercial Insurance Policy Will Protect You From Employee Lawsuits?

Let’s imagine that you have an employee suing you for something like discrimination, wrongful termination, or breach of employment contract. For scenarios like these, you can use employment practices liability insurance to manage the legal costs of the lawsuit so that it doesn’t impact your ability to keep your business operational.

Consider all the ways in which an employee might put your business at risk, then find a suitable policy that will defend against those risks.

Get the Comprehensive Commercial Insurance Your Business Needs With IAL Insurance

Do you need commercial insurance? If so, we’re here to help you find it! Working with IAL Insurance, serving Indianapolis, IN, means that you have the support of a company that will make it easy to understand your options and find the right insurance with less time and hassle. Contact us to get a quote!

Home Insurance Riders Worth Considering

Posted on April 30, 2025April 29, 2025 by admin

Home insurance policies specify the perils they cover and do not cover, and they also detail their coverage limits, which is the maximum amount they will pay for specific losses. Base insurance policies are one-size-fits-all, but in many cases, you can extend the policy by adding riders – also called amendments, endorsements, or floaters – to cover additional perils or increase your claim limits. Choosing the right riders helps tailor the policy to your needs. If you need help with your home insurance, contact IAL Insurance, serving the Indianapolis, IN community.

Common Home Insurance Riders

While homeowners pay extra for riders, they are often a good investment since they help you obtain insurance that fits your unique circumstances. Many homeowners find the following riders valuable:

Water and Sewer Backup

Since home policies often do not cover water and sewer damage to your home, adding this rider ensures you are protected.

Underground Service Lines and Equipment

Standard policies do not cover your home’s water, sewer, or cable lines; neither do they cover electrical, plumbing, or HVAC systems. However, you can add this coverage.

Scheduled Items

You should consider a scheduled items rider if you own jewelry, antiques, or collections worth several thousand dollars.

Guaranteed Replacement

Policies generally pay the depreciated value of your assets, while this rider ensures the insurance company pays the full cost to repair your home.

Identity Theft

This rider covers lost wages and out-of-pocket expenses resulting from identity theft.

Business Assets

Those with home-based businesses need this rider or commercial insurance.

The IAL Insurance Difference

Riders add protection that fits your assets and the risks you prefer to avoid. IAL Insurance, serving the Indianapolis, IN, community, will create an insurance plan tailored to your needs. Stop by our office today or call (317) 376-0500.

The Essential Guide to Integrating Life Insurance into Your Estate Plan

Posted on March 28, 2025March 26, 2025 by admin

Life insurance and estate planning share a common goal. They aim to keep beneficiaries financially secure when you are no longer around. However, life insurance focuses on the loved one’s policy funds, while estate planning focuses on the loved one’s investments. Combining them can have unintended consequences. Luckily, our IAL Insurance team knows how to balance your desires with navigating contrasting complications.

How Life Insurance Fits into an Estate Plan

When used properly, life insurance can assist your estate plan in several ways. The list below is a small sample of its benefits.

Covering your loved one’s final expenses
Addressing estate taxes
Handling business-related buyouts and expenses
Making charitable donations
Dealing with divorces and multiple marriages
Supporting individuals with special needs

Can You Add Life Insurance to Your Estate Plan?

There are specific guidelines to follow when incorporating life insurance into estate plans. One is placing insurance in a trust. There are revocable and irrevocable life insurance trusts. Both protect assets in the policy, reduce death taxes, and avoid probate. The difference is that revocable trusts allow cancellation and modification. Irrevocable trusts do not. The separation is better than merging both into one. Such a move incurs heavy Indianapolis, IN, and federal taxes, meaning less payout to your family.

The other is choosing the right people to own and run the trust. Our team at IAL Insurance assists you in naming the most favorable beneficiaries, grantors, and trustees. The wrong arrangement affects policy recipients and whether they pay taxes.

Life insurance in an estate plan works best when you own real estate, a vehicle, stocks and bonds, a business, or something else. It is also beneficial when you have a family or have debts to resolve.

Life insurance and estate planning clash in a will and probate. It’s up to you to make them work together in the best interest of you and your family. For more information on life insurance’s role in estate planning, call us or visit our Indianapolis, IN office.