How commercial insurance can protect an Ashland business owner.

For those that are looking to own a small business, starting one in Ashland, KY can be a great option. This city is very well known for having a great local economy and provides plenty of opportunities. While there are a lot of opportunities that come with owning a small business in this area, there are also plenty of risks that need to be considered. One great way to help mitigate some of these risks is by getting a commercial insurance policy.

Limits Liability Concerns

 One way that a commercial insurance policy can help a business is by limiting professional and general liability concerns. Any time that you sell a product or service, you are taking on some risk of liability. Since this could be a substantial expense in some situations, getting an insurance policy is a practical necessity. Your insurance company will provide you with financial protection and other forms of support during a liability claim.

Covers Assets

When you have commercial insurance, you also will receive protection for your insights that are covered by the policy. Business owners in Ashland need to spend some money investing in inventory, equipment, and other assets. Due to the importance of these assets, you need to make sure they are properly covered by insurance. A commercial insurance policy will provide you with production for these assets.

Whenever you are looking to better protect your business in Ashland, KY, you should contact Sharp Insurance & Financial Services. The insurance professionals at Sharp Insurance & Financial Services are very knowledgeable about all of the challenges that small businesses have to deal with. They can then help you build a commercial insurance policy that will help to protect your business and mitigate these risks.

Successful Business Planning with Commercial Insurance

Business leaders planning for success often know the benefits of building relationships.  Plans for the right protection may include commercial auto insurance and steps for preparing as you arrange for new hiring.  Effective leadership is known to include planning for profitability and customer satisfaction. 

Smart Business Planning

Delivering products and services effectively is a smart plan for successful growth.  Having the right plans for comprehensive commercial insurance can be a simple way to protect your business offerings.  The professionals at Sharp Insurance & Financial Services can assist you in finding the commercial insurance that works for your business.  Serving Ashland, KY the company can applaud your successful business planning and work through the right insurance for your situation.   The trained staff can also outline the options for any properties you have involved with your business activities.  Smart planning is a good way to prepare for your company’s success.

Commercial Insurance is Helpful for a Business

Working closely with the trained staff from a commercial insurance company can help you through the planning process.  Successful business planning could include an understanding of insurance for products, services, or both.  Storage and production of products are considerations for conversations with a qualified insurance company.  Smart planning would be to consider umbrella insurance and general liability coverages.  Service companies should also look at commercial insurance and be pleased with a strong relationship they have built with the agency.  Experienced agents at Sharp Insurance & Financial Services can offer advice for planning and also go through the details of commercial insurance.  The agency is experienced helping businesses in the Ashland, KY area and through it licensed agents, is ready to assist you with any business planning for insurance.  Plan for success and contact this insurance agency for more information.


What Exactly Is Covered By Commercial Insurance?

Your business in Ashland, KY needs to have commercial insurance. An accident or disaster can happen at any time. If you’re not prepared, you could end up spending thousands of dollars to make repairs or cover injuries.

Commercial insurance can vary significantly from policy to policy. Generally, it covers liability. This includes what would happen if someone were to injure themselves on your property as well as if one of your employees damages the property of someone else. Beyond liability, there may not be anything else covered by your commercial insurance policy.

At Sharp Insurance & Financial Services, we help businesses to find the right protection. We can talk to you about commercial auto insurance, commercial property insurance, and even business interruption insurance. This means that you can be covered against more situations that may impact your business.

If there is a fire inside your property, you have to look at various aspects. It may damage your commercial property, eliminate your product inventory, and prevent your business from opening for several weeks. If you file an insurance claim, you want to make sure that everything will be taken care of. However, the insurance company will only provide coverage in the areas where you actually have coverage. It is why it is so critical to have a comprehensive commercial insurance policy.

It doesn’t have to be expensive, either. One of the biggest reasons why many businesses lack the necessary insurance is because they make assumptions on premium costs. However, it is going to be better to have more coverage than not enough.

There are plenty of ways for you to protect your business in Ashland, KY. Be sure to contact us at Sharp Insurance & Financial Services to learn about how commercial insurance can be customized to meet the individual needs of your business.


Some maintenance tips to promote boat safety

Sharp Insurance & Financial Services, serving Ashland, KY, would like to remind all boat owners that maintaining your watercraft is an essential part of safety, just as it is with an automobile.

First, you should wash your boat periodically, especially if you use it in salt water. Salt corrodes and mars the metal parts of your boat, including fasteners. You should rinse your boat thoroughly after every outing and use soap. A marine boat wash is the best, but some use car wash soap or even laundry detergent, and a soft-bristle, long-handled boat brush.

Second, you should change the oil on your boat periodically. You can have this done at a local boat dealership or do it yourself. The procedure is similar to changing the oil in a car.

Third, you should inspect the propeller, if you have a stem drive or outboard boat, and make sure that it is not fouled with fishing line or anything else. Check it for nicks or dents, Apply waterproof grease to the shaft as needed.

Finally, during the off season, you should store your boat carefully to protect it from the elements. An enclosed, heated boat shed would be best, but you can also store it in a dry place and cover it with a tarp. If you have an outboard motor, store it carefully, using the instructions in your owner’s manual to prevent corrosion during the winter months.

A well-maintained boat is a good investment that will prevent expensive repair bills while on the water. For more information on boat maintenance and insurance, contact Sharp Insurance & Financial Services, serving Ashland, KY

Advantages of Classic Car Insurance

If you own a classic car, you may be wondering if you should get Classic Car Insurance. There are several advantages to choosing classic car insurance over standard car insurance. You treat your classic car different than a daily driver. Your insurance should be different too. Sharp Insurance & Financial Services offer classic car insurance to its Ashland, KY customers because we believe in offering the best options to meet our customers’ needs.

Classic Car Requirements in Kentucky

Kentucky defines a car a classic if it is between 10-24 years old. Cars older than 24 years are defined as antique, and qualify for antique car insurance.

It must have a higher value than other cars of similar years and models. For example, a 1988 Buick LeSabre won’t qualify as a classic, but a 1988 Corvette certainly will.

Kentucky law also requires that your engine and body aren’t modified. It doesn’t have to be original, but it does have to remain true to the original design.

Lastly, it can’t be a daily driver. It must be the car you get out on the weekend to cruise in or take to car shows. If you are driving it to work, it doesn’t count as a classic car.

Advantages of Classic Car Insurance

The biggest advantage of classic car insurance is an agreed upon value. Insurance companies will insure your classic car for what it would cost you to replace it, instead of the standard bluebook value.

Classic car insurance is also less expensive than standard car insurance. It’s understood that you won’t be driving the car that often, which significantly reduces the chance of an accident. It’s also assumed that the vehicle is a unique source of value and pride to you, which ensure that you will take better care of it than a daily driver.

You can also purchase specialty add-ons. These include coverage for spare parts and coverage if you leave your car unattended at an auto show.

If you have a classic car in Ashland, KY, Sharp Insurance and Financial Services can help you get the coverage that is right for you.


What Is Recreational Insurance?

The secret to running a successful business is, in most cases, about learning how to manage risks. As a business person, you need to learn how to navigate your industry and expand your businesses while minimizing risks. But you can’t avoid or predict every event that threatens the stability of your business out there. Getting insurance coverage is one of the best ways to minimize losses in the event of an insurable peril.

If you are in the entertainment and recreational industry, then you are in luck. Sharp Insurance & Financial Services based in Ashland, KY can help you out. We provide coverage for all types of entertainment and recreational businesses in Kentucky from zoos to amusement rentals. Sports and leisure are a big part of recreation, and we’ve got that covered too. We offer plenty of comprehensive insurance programs for businesses that specialize in any of these recreational activities.

Specialty Coverage

If you are looking for specialty coverage for your recreational businesses in Kentucky, look no further than Sharp Insurance & Financial Services. For a business in the recreational industry, one of the most important things is to help individuals, as well as their families and children, enjoy unique leisure and sports activities in a safe environment. But as you do that, you need to ensure that the event or business is properly protected.

That means that you need to have measures in place to ensure that any unexpected situations that may cause injuries to participants or spectators as well as damage to your property are taken care of. Sharp Insurance & Financial Services, based in Ashland, KY, offers specialty coverages for businesses in the recreational and entertainment industry all over the state. All our coverages are customized to meet the needs of our clients, irrespective of their line of business. Call us for more information on our recreational insurance policies.

What Determines the Cost of Flood Insurance?

Flood insurance is not a policy that every homeowner is going to need to have. It may seem like something that you should have but if you do not live near water, a flood policy may not be needed at all. It is important that if you think you may need a flood policy, you take the time to talk with an agent to find out just what type of coverage you may need. For those that live in the Ashland, KY area, the agents with Sharp Insurance & Financial Services can help you find the right policy for you.

Flood Insurance Costs

There are a few different factors that go into the cost of your flood insurance policy. The first is, of course, going to be how much coverage you take out. A policy on a $500,000 home is going to be far more than a policy on a $100,000 home. Another factor that helps to determine the price of a policy is the likelihood that the policy is going to be drawn on. If you take out a policy in a place where flooding has never happened, it is going to cost less than it would if you were to buy a policy in an area where flooding is very common.

Another issue that determines price is the overall type of coverage. If you are just insuring the cost of replacing your possessions, it is going to cost less than replacing an entire home and the contents. For those that feel they need a flood policy, it is important to take the time to talk with an agent about what type of coverage you might need and what coverages are available to you where you live. For those that live in the Ashland, KY area, the agents with Sharp Insurance & Financial Services can help.

What is basic renters insurance?

It’s always a great idea to purchase a renter’s insurance policy if you live in a rented home. The group of coverages provided in your policy will protect you and your possessions. Sharp Insurance & Financial Services renter’s insurance will come in handy in the event of injuries in your home or break-ins.

Personal property coverage

Replacing your personal belongings after a break-in or unexpected damages can be very costly. This policy is used to protect yourself financially in case of perils such as fires or theft. Be sure to know the maximum amount your personal property damage coverage will reimburse because the coverage may not protect every item in your household.

Liability coverage

This is another typical component of a renter’s insurance policy. The coverage will protect you from making out-of-pocket payments in case you are found liable for causing injuries to other people or damaging their properties in Ashland, KY. For example, if a guest slips and falls in your home, the coverage will cover the medical bills resulting from the sustained injuries.

Additional living expenses

When you rent a house in Ashland, KY, you typically have a place you can comfortably call home until the expiration date of your lease. But, if your home is damaged by a disaster such as fire, you will have to live in a hotel and perhaps spend more on food than you would in your apartment. The additional living expenses coverage will help you cover for those additional costs. It is advisable to read the terms of your policy carefully to be sure about the maximum amount of money you can be compensated for with the additional living expenses.

Other considerations

You will likely be required to pay a deductible before your renter’s insurance policy kicks in. In most cases, the lower your renter’s premiums, the higher the deductible may be for every covered loss. Your premium and deductible can be adjusted by your insurance agent depending on your specific needs and budget.

Protect your personal belongings and yourself financially with renter’s insurance when living in a rented home. For more information on renter’s insurance and tips on how to choose an affordable package, contact us at Sharp Insurance & Financial Services today.


Are dirtbikes covered under motorcycle insurance?

Here’s some good news about dirt bike insurance

The policies that cover dirt bikes and motorcycles are pretty much interchangeable. There are some differences, but there’s enough overlap that you can generally assume that the discounts and coverage that apply to one will apply to the other when you call Sharp Insurance & Financial Services to cover your bike in Ashland, KY.

One of the key differences is that insurance isn’t required in every state, depending on how and where you use it. Many riders in Kentucky don’t bother buying insurance if they’re only going to be riding their bikes off-road and in designated areas. If you’re taking your bike out on the street or in state-owned parks, though, you’re going to need insurance. It’s also a good idea to make sure you’re covered merely because dirt bikes aren’t cheap, and the sport has an element of danger to it. Crashes aren’t always dangerous, but they happen regularly.

In any event, when you sign up with Sharp Insurance & Financial Services in Ashland, KY, or any insurance provider, you’re probably going to have your dirt bike covered under a motorcycle insurance policy. For most pertinent legal purposes, the two are treated interchangeably.

Dirt bikes can be a little less expensive to cover since they are typically cheaper to buy and cheaper to repair than full-scale motorcycles. But, generally speaking, any discounts that would apply to a motorcycle policy will apply to a dirt bike policy. There are differences between a motorcycle and a dirt bike, mostly with regards to scale, pricing, and how each vehicle tends to be used by its owner, but for legal purposes, they have more in common than they don’t. Reach out to our offices to speak with an agent and learn more about a motorcycle insurance policy.

Life Insurance Basics

The field of life insurance remains crowded with many policy types available. Sharp Insurance & Financial Services wants you to choose the policy that best suits you. This blog explains life insurance and its main forms, such as term life or whole.

If you think the fields outside Ashland, KY are crowded with cattle and crops, you should see the fields of life insurance. It includes numerous policy types like guaranteed universal, term variable, whole, and universal.

Life Insurances: What’s the Difference?

Broadly, two types of life insurance exist, permanent and term. A permanent life insurance plan doesn’t expire. Term life insurance does expire. A permanent plan offers two prong coverage: an investment or tax-deferred savings aspect and an insurance aspect. For this reason, you’ll also hear it referred to as cash-value insurance. This becomes a handy policy if you want to open or expand a business because you can borrow against its cash-value. You can also cash it out if you ever need the savings. If money gets tight, you can have the savings portion pay the premiums until you can resume payments normally.

Term life offers coverage for a specific period and may enhance other coverage options during key points in life. One common use of a term policy is a parent covering themselves for their children’s first 25 years of life. This ensures the child would receive ample funds to finish their education, including college, if the parent passed away or became incapacitated and unable to work. Briefly, the main choices include:

  • guaranteed universal provides permanent plans
  • term provides a limited period plan
  • whole provides permanent plans
  • universal provides permanent plans

Life insurance provides much more than insurance. Think of it as an investment. Call or visit Sharp Insurance & Financial Services in Ashland, KY and let us help you determine which type of life insurance best suits your family and investment needs.