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Bacon Insurance Group

3711 Westerre Pkwy, Suite D
Richmond, VA 23233

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Common Types of Coverage Options for Auto Insurance

Shopping for auto insurance can seem overwhelming. Many coverage options are available in and around Richmond, VA. It is essential to understand their differences to make an informed decision.

Bacon Insurance Group offers several types of auto insurance coverage to help protect your vehicle and assets.

Here is a breakdown of the basic options:

Liability Coverage 

Liability coverage is one of the most basic forms of auto insurance. Bodily injury liability helps cover the costs of treating someone else’s injuries if you cause an accident. Property damage liability covers damage to another person’s property resulting from an accident you caused. 

Collision Coverage 

Collision coverage helps pay for repairs or replacement costs for your car if it is damaged due to an accident that was your fault. It usually covers both at-fault and not-at-fault accidents, although there may be some exceptions depending on your policy. 

Comprehensive Coverage 

Comprehensive coverage is another type of auto insurance that protects against non-accident-related damage, such as theft, weather damage, or vandalism. It also generally covers repair or replacement costs if your car is damaged by something other than a collision in Richmond VA.

Uninsured Motorist Coverage 

Uninsured motorist coverage helps cover medical expenses and lost wages if you are injured in an accident caused by a driver who doesn’t have auto insurance. It also helps protect you if you are hit by a driver who flees the scene without providing their contact information or insurance information (known as a “hit-and-run” accident).  

Get The Right Coverage For Your Needs

If you want to learn more about the different types of coverage and what might be best for your needs, contact Bacon Insurance Group today! We serve the greater Richmond, VA community. Our friendly agents will answer all your questions and help you get the right policy for your situation so that you can drive with peace of mind knowing that you are covered in case something unexpected happens.

Should Those Who Are Self-Employed Obtain Business Insurance?

At the Bacon Insurance Group, serving the greater Richmond, VA area, we have seen that more and more people are branching out and starting their own side businesses or full-time businesses. Technology and the Internet are making it easier than ever to operate your own business, directly from your home. One of the questions that we are often asked is whether those who are self-employed should obtain business insurance. We are here to assist with all your queries.

Should Those Who Are Self-Employed Obtain Business Insurance?  

If you have a business of any sort, regardless of whether it is a small business run by one person or a large business run by multiple people, it is strongly recommended that you purchase business insurance. Business insurance can help to cover the tools you use to operate your business, including computers and your products or merchandise.

Business insurance can also help to protect you against a lawsuit that you may face during the course of operating your business. If you accept payment for any goods or services, then technically you are a business. As such, you should be insured as a business to protect the time and money you have invested into your business. 

Contact Us Today

The Bacon Insurance Group, providing business insurance products to those located in the greater Richmond, VA area, strongly recommends that all business owners, regardless of how small or large they are, obtain business insurance to protect their business. Our team of knowledgeable insurance agents can help you to select the business insurance products that are ideal for your needs. Reach out to us today and let’s help you find the right business insurance products based on your specific insurance needs. 

Making your home a safer place to live

With a few small changes, you can make your home a safer place to live. At Bacon Insurance Group in Richmond, VA, we have been providing local residents exceptional service since 1997. We work for our customers and do the hard work of locating and comparing the best home insurance policies to meet the needs of our customers. 

Tips To Maintain A Safe Home

Clean up clutter

If you have the habit of stacking things on your stairs or in your hallways, it is time to make sure all the places where you walk every day and every night are clutter-free. Adequate lighting is a must to avoid falling.

Avoid throw rugs

As attractive as throw rugs are, they are a danger for tripping or sliding. Either avoid them completely or use double-sided tape to attach them to the floor.

Extension cords

Don’t run extension cords across areas where you walk, keep them close to the wall or don’t use them. If you must run them, cover them with duct tape. 

Poison

Medicine should be stirred out of the reach of children and pets. The same goes for any poisonous chemicals that you may use. 

Password your internet network

Keeping your personal information safe from hackers means not allowing outsiders to hack into your network. Choose a strong password, one that you don’t use anywhere else.

Make sure your smoke detector is working

If your detector is hardwired it should work without problems, but if the power is out it is important to make sure that your batteries are fresh so that the battery backup works. Check carbon monoxide detectors at the same time. 

Clean your chimney

Chimney fires are a danger if you use your fireplace. Hire a chimney cleaner every year. 

Get Home Insurance

The right insurance coverage will help you protect your most important asset – your home. Contact Bacon Insurance Group in Richmond, VA to discuss your home insurance needs. 

How to Choose Term or Whole Life Insurance

Life insurance is one of the most important investments you can make for your family’s future, but deciding which type of policy is right for you can be challenging. Term life insurance provides coverage for a set period, while whole life insurance offers lifelong protection.

There are a few things to consider when choosing between term and whole life insurance. Bacon Insurance Group in Richmond, VA can help you navigate this vital insurance coverage. 

To determine the best life insurance for yourself, consider your needs:

Do You Have Children?

If you have young children, you’ll want to ensure they are taken care of financially if something happens to you. A whole life insurance policy will provide that your family is taken care of no matter what, while a term life insurance policy will only cover you for the length of the term.

Do You Have a Mortgage?

If you have a mortgage, you’ll want to make sure it is paid off in the event of your death. A whole life insurance policy can help ensure your family doesn’t have to worry about making mortgage payments if something happens to you. Your Bacon Insurance Group agent can help you determine whether term or whole life insurance is correct based on your needs.

What’s Your Budget?

Whole life insurance policies are typically more expensive than term life insurance policies. A term life insurance policy may be better if you’re on a budget. However, a whole life insurance policy may be worth the investment if you can afford the higher premiums.

What Are Your Other Financial Obligations?

Think about your other financial obligations, such as credit card debt, student loans, or car loans. You’ll want to make sure these are paid off in the event of your death so your family isn’t left with a financial burden. A whole life insurance policy can help ensure your family is taken care of financially if something happens to you.

Get The Right Life Insurance For Yourself Today

Contact Bacon Insurance Group in Richmond, VA to learn more about choosing between term and whole life insurance.

Why basic auto insurance may not be the right choice

Basic auto insurance is the least amount of coverage that you must have to be in compliance with the requirements of the state of Virginia. At Bacon Insurance Group in Richmond, VA, we have been providing personalized service to our customers for more than 25 years.

Basic insurance is right for some people but not for everyone

In Virginia, basic insurance is 25/50/20. What that means is $25,000 for one person injured in an accident where you are the responsible party, $50,000 for all the injuries if more than one person is injured, and $20,000 for property damage. This seems like a reasonable amount of coverage but, if someone is seriously injured, a hospital stay can be thousands of dollars a day. A higher level of coverage may be right for you. 

If you have a car loan or if you lease your vehicle, you will need to have additional coverage. You need to protect the car which is not yours, you will need to cover it against damage, which means having collision and comprehensive coverage and full glass coverage. 

If you are like most drivers, you count on your vehicle every day to do your normal activities like getting to work, grocery shopping, and all the other things that require you to drive. When you have an accident, will you be able to pay for the repairs that are needed to get your vehicle back on the road?  Is your answer no?  Then basic auto insurance isn’t the right option for you. Having collision and comprehensive coverage will get you back onto the road where you need to be without more than a deductible payment. 

Get Auto Insurance Today

Contact Bacon Insurance Group in Richmond, VA for all your auto insurance needs. We can be reached on the phone, in person at our office, or through email. 

Commercial Insurance FAQs

Commercial insurance offers a lot of protection to businesses that face massive amounts of risk on a daily basis. It can be what saves a business when peril strikes. Bacon Insurance Group in Richmond, VA will take the time to get to know your business so that we can help you to get the right coverage for your particular risks. 

Commercial Insurance FAQs

Why does a business need liability insurance?

Your business could be sued. As a matter of fact, there is a pretty good chance that at some point your business will be sued. When you are sued you could be liable for medical bills, property damage, and the cost of litigation. This could result from an accident, but you can also be sued by a customer injured by your product or the work that you did or by an employee. A judgment could cost you your business if you don’t have the right commercial liability insurance. 

Do you need commercial property insurance if you are a renter? 

Yes, you do. Unlike home or renters insurance, commercial property insurance is not just about the building, it is also about the content. The content of your business is what you use to do business. It depends on what type of business you have but it can be tools or machinery, inventory or raw materials, display cabinets, electronics, office equipment, furniture, and anything you use to do business. 

What is business owners’ insurance?

A business owner’s policy (BOP) is a commercial insurance policy that combines property insurance with liability insurance. By combining these two vital types of coverage into a single p[policy, the rate that you pay is often better. This policy is a good choice for a small or medium-sized business. 

Contact Bacon Insurance Group in Richmond, VA to discuss how we can help you with your commercial insurance. 

The 5 Most Common Types of Losses and How to Protect Your Home

A home is one of the largest investments you make. Aside from money, you invest time, energy, and memories. Here at Bacon Insurance Group in Richmond, VA, we know how important your home is to you. We want to help you protect it.

Here are the five most common losses and the steps you can take to protect your home:

1. Wind and Hail Damage

When the weather report indicates high winds, take the time to tie down or put away any outdoor furniture or lawn ornaments. Park cars in the garage to avoid hail damage and regularly have your roof inspected. 

2. Water Damage and Freezing

Notice a leak? Turn off the water to your house until the cause is found and addressed.  Winterize your home to make sure your pipes are ready. Check with FEMA  to see if you are in a flood zone. 

3. Fire and Lightning

Make sure your fire alarm batteries are regularly changed. Avoid leaving candles, plugins, or wax warmers unattended. 

4. Liability

To avoid injury to guests on your property, be aware of anything that poses a risk. If you cannot fix them, tell your guests about them and do your best to find ways around them. 

5. Theft

Invest in a quality home alert system. Leave your porch light on at night to discourage curious eyes. Communicate regularly with your neighborhood watch. 

Give Us A Call

The truth is, we cannot control the weather, and accidents happen. Aside from taking these precautions, the best way to protect your home is to get the right coverage. Bacon Insurance Group can help with that. Call us today to get more details about how our Richmond, VA office can protect your investment in your home. 

Life insurance FAQs

Life insurance is one of those things that, unless you are in the insurance business, you probably have little or no knowledge about. That is true for most people. In spite of that, it is something that you need to think about sooner rather than later. In the greater Richmond, VA community, Bacon Insurance Group is your local independent insurance agent. Our team will work with you to make sure you have the right kind and amount of life insurance. 

Life insurance FAQs

When should I buy my first life insurance policy?

The simple truth is, before you need it. The reality is that when you are healthy and young, you will get the most choices and the best rates. It is a good idea to start with a whole life policy that will last for your entire life. At this point a term policy might run out while you still need it, 

Do I need my own life insurance if I get some from work?

Yes, you do. What if you change jobs, and chances are pretty good that you will. Can you take your life insurance with you? Is it at the best rate you could get for a similar policy and is it the amount you need?  You need to be in control of your life insurance. 

Can I pick anyone to be my beneficiary?

Yes, you can. Be aware, however, that if you choose a child, they will need to reach their legal age before they are able to access the money. 

Is there such a thing as too much life insurance?

If you are struggling to pay your premiums, then yes, maybe you have too much life insurance or, at the very least, the wrong kind. Sit down with your independent insurance agent to discuss your concerns. 

In Richmond, VA contact Bacon Insurance Group to discuss what your life insurance needs are. 

What Factors Affect My Auto Insurance Rates?

 The cost of your auto insurance has a significant impact on your overall cost of car ownership. Therefore, it’s no surprise that many car owners in Richmond, VA, are looking to keep their car insurance rates at the minimum level. Here are factors that can increase or lower your car insurance rates. 

1. Your Age

Auto insurancers typically view younger drivers, especially those in their teens and early 20s, as a more considerable risk and more expensive to insure and charge them higher insurance rates. This is because younger drivers are less experienced. Older drivers – those above 50 years old – have more affordable insurance rates. 

2. Driver’s History

Car insurance companies consider a driver’s past as a reliable predictor of their future. Therefore, if your driving history is full of DUIs, speeding tickets, and reckless driving charges, they assume you will have more of those in the future and charge you higher auto insurance rates. However, your rates will be much lower if you have a clean driving history. This is why at Bacon Insurance Group, we advise drivers to do their best to abide by traffic laws and regulations. 

3. Your Credit Score

According to reliable data, drivers with a poor credit score file more claims compared to drivers with a good credit score. Thus, if your credit score is poor, your car insurance rates will be higher, and if it’s good, you will have lower rates. 

4. Annual Mileage

The more miles you accumulate on your car, the more likely you will get involved in an accident. As a result, auto insurance providers usually charge higher rates to drivers with higher annual mileage than those with lower annual mileage. 

Are you looking for a reputable auto insurance provider to insure your car in Richmond, VA? Contact us at Bacon Insurance Group, and our friendly auto insurance professionals will help you figure your car insurance out. Call us today.  

How To Avoid Small Business Risks

You have invested a lot of time, energy, and money in your business. In order to protect these investments, you need to understand how to avoid some of the most common types of risks. At Bacon Insurance Group, serving Richmond, VA, we can help you protect your company with the right insurance information and products. Let’s look at some tips to help your business.

How To Avoid Small Business Risks 

Stay Properly Insured

The most important step you can take to protect your business is to find a solid commercial insurance policy to suit your needs. Each business will be different, which is why it is imperative that you sit down with a knowledgeable insurance representative to talk about your particular needs. A commercial policy will cover many of the riskiest areas of your business to ensure that you are not put into a vulnerable financial position if something goes wrong. 

Train Employees Thoroughly 

If you want to avoid employee injuries and liability cases, make sure you invest time in thoroughly training your employees. A lack of training will leave employees vulnerable to injuries. A lack of training could also result in your employees mishandling products, putting customers at risk. 

Prioritize Safety 

Although you may be tempted to cut corners when it comes to safety, this can really cost a business a lot of money and trouble should something go wrong. Be sure you prioritize safety at your place of business, when your employees use company vehicles, and anytime they interact with customers. 

If you would like to learn more about commercial insurance, or any of our other insurance products, please contact us at Bacon Insurance Group, serving Richmond, VA, and surrounding communities. 

 

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