Mavco Insurance Agency, Inc., in Hinsdale, IL, is a complete solution for those with high-net wealth and complex insurance needs. Our unique approach to insurance ensures that you, and everything you value is protected. For flood insurance, life insurance, business insurance and more, give us a call today!
Typically, an organization purchases a package that combines a volunteer accident policy with volunteer liability coverage. The accident policy provides excess automobile liability coverage above the volunteer’s auto insurance. Volunteer liability coverage provides protection for a personal injury or property damage claim resulting from the volunteer’s work on behalf of the organization.
While homeowners insurance policies typically cover damage caused by frozen burst pipes, they often do not cover the cost to repair the pipes. Homeowners may need to demonstrate that they took reasonable precautions to prevent frozen pipes, such as maintaining heat in the home, turning off the water supply and draining the pipes. Typically, a policy covers the cost to repair damages to your home and any costs incurred should you need to reside away from your home while repairs are being made.
Return of premium life insurance is a term life policy that pays the benefits to your beneficiaries if you pass during the policy term. If you outlive the policy term, you receive the premium money you paid.
Disability Insurance
Also referred to as the Pension Reform Act, the federal Employment Retirement Income Security Act (ERISA) establishes minimum standards for employee benefit plans maintained by private employers and defines the coverage limit requirements. By protecting against loss due to acts of fraud or dishonesty, ERISA ensures that employees receive the pensions and other benefits promised by their employers, including retirement, 401(k), and health, life and disability insurance benefits.
Long Term Care
Long-term care insurance applies when you become chronically ill or disabled. This type of insurance policy can prevent your savings from being depleted.
When your future and that of your employees depends on the health of your business, you want a commercial insurance agent with expertise and decades of experience. Because of the wide range of insurance services offered in the marketplace, a business could easily overlook necessary coverage — unless it has the help of a premier business insurance agency like Mavco. We specialize in customizing plans specific to your company’s needs, from workers’ compensation insurance to coverage for commercial vehicles.
Commercial Liability Insurance
Businesses can face exposures that exceed the $1 million primary general liability limit. That’s why we offer excess liability coverage. For a relatively low premium, you can rest easy knowing that your excess limit will cover your business.
Professional Liability Insurance
Anyone who operates his or her own business needs professional liability insurance in addition to a business owner policy. Professional liability protects individuals and companies against errors and omissions such as giving advice that turns out to be wrong or failing to deliver a service. It also covers legal fees incurred in defending a covered claim. Abuse and molestation liability insurance protects the company and its employees and volunteers against allegations of sexual misconduct and molestation by clients. Defending against such claims is quite costly.
Once an individual’s career has taken off, he or she may start a business or become a leader or decision-maker in a large enterprise. Those in the enterprise stage of life are focused on advancing their careers, and have come to realize that additional, unique risks exist that must be addressed beyond those covered by general liability insurance.