3 Steps to Take When You Get Into a Car Accident

If you’re like most people, you probably don’t know what to do after getting into a car accident. We’ve put together a simple guide on handling yourself after an accident to help you through the process.

By following these three steps, you can stay calm and handle the situation in the best way possible:

1. Check for Injuries

The first thing you should do after an accident is check for injuries. If you or anyone else involved in the accident is injured, it’s critical to seek medical attention immediately. If someone is injured, you should call 911. 

2. Exchange Information

Once you’ve made sure that everyone is okay, the next step is to exchange information with the other driver. You’ll need their name, contact information, and insurance information. You will also want to take note of their license plate number. If there are any witnesses to the accident, you should also get their information.

It’s also a good idea to take photos of the damage to both vehicles and report the crash to reduce the risk of disputes. In Omaha, NE, you can call the OPD Traffic Unit at 402-444-5626.

3. Notify Your Insurance Company

After you’ve collected all the necessary information, the next step is to notify your insurance company. You’ll want to give them all of the details of the accident, including any injuries, damage, and witness information. Ed Thompson Insurance Agency serves the Omaha, NE area and can help customers start the claims process.

Contact Us Today

By following these steps, you can ensure you are fully prepared in the event of a car accident. Knowing what to do ahead of time will help you stay calm if an accident occurs. If you have any questions, call Ed Thompson Insurance Agency today. 

How Insurance Can Save Your Business If You’re Sued

No one wants to think about getting sued, but it’s a risk every business owner faces. If you’re sued, having the right insurance can save your business. There are various types of business insurance, but every business owner should have three: general liability, product liability, and errors and omissions insurance. Discover more about protecting your business during litigation from Ed Thompson Insurance Agency in Omaha, NE.

The Five Most Common Types of Business Lawsuits

The five most common types of business lawsuits are a breach of contract, violation of intellectual property rights, employment discrimination, personal injury, and wrongful death.

A breach of contract occurs when one party to a contract fails to perform its obligations under the agreement. This can happen for several reasons, including not being able to meet the terms of the contract, not being able to complete the work, or not being able to pay for the job.

Violation of intellectual property rights is when a company uses someone else’s intellectual property without permission. 

Employment discrimination occurs when an employer mistreats an employee because of race, religion, gender, age, or national origin. 

Personal injury occurs when someone is injured because of someone else’s negligence. 

Wrongful death occurs when someone dies because of someone else’s negligence. This can happen in the same ways as personal injury, but it also can occur when someone dies because of a defective product.

How Insurance Can Save Your Business from a Lawsuit

If you have insurance, your business is protected in case of a lawsuit. Your insurance company will pay for your legal defense if you are sued. If you are found liable, your insurance company will pay the damages up to your policy’s limit.

We specialize in commercial insurance at Ed Thompson Insurance Agency in Omaha, NE. We work with businesses of all sizes to find the coverage that best suits their needs. Whether you’re looking for property, liability, or workers’ compensation insurance, we can help. Contact us today for a consultation.

Why should you get a home insurance plan in Omaha?

If you are going to live in the Omaha, NE area, you may find that owning a home is a good housing option. Since there are so many benefits to owning a home, you will want to know that you are insured as well as possible. There are multiple reasons why someone here should get home insurance if they are going to purchase and own their home. 

Benefit from Coverage

An important reason for anyone to get a home insurance policy is so they can benefit from the appropriate coverage. With a home insurance policy, you will get coverage to protect your dwelling and your personal assets if your home is damaged during a fire or due to bad weather. Also, with home insurance, you get coverage to help reduce your personal liability risks. This can be helpful if there is an accident that results in damage or injuries to another party.

Stay in Good Standing

You also should get home insurance to make sure you are able to stay in good standing. Anyone that buys a home in Omaha needs to understand their personal insurance requirements. This can include having a certain level of coverage set by their mortgage lender or by a home association. If you carry the right level of home insurance, you can avoid penalization due to lack of coverage. 

Get Home Insurance Today

Having home insurance in the Omaha, NE area needs to be a priority for everyone. Once you are ready to start looking for coverage, here, calling the team with Ed Thompson Insurance Agency is a good option. There are a lot of choices to make when looking for this insurance and Ed Thompson Insurance Agency will help you choose a plan that is right for your situation. 

Required Auto Insurance in Nebraska

Having auto insurance is required for all vehicles in Nebraska. This coverage protects you in a number of ways that are each important. When you get your insurance policy, there are certain types of coverage that are required, and there are other types that are helpful but optional. When you need auto insurance, call us at Ed Thompson Insurance Agency in Omaha, NE.

Required Auto Insurance

Liability Auto Coverage

Most of the types of coverage required in Nebraska are for liability. These pay for the damages to someone else rather than to you or your driver. When you have a vehicle in the state, it’s required to have an amount of coverage that is for bodily injury liability for one person who is injured in an accident that is your fault. There is then a larger amount of coverage required for all of the people in the accident who are injured. Then, there is property damage liability with pays for damages done to the property of others. 

Uninsured and Underinsured Motorists

Separate coverage amounts are required for both uninsured motorist coverage and underinsured motorist coverage. These types provide coverage when you are hit by a motorist who has no insurance or has too little. This coverage is also important in case you get hit by a hit-and-run driver. 

Other Coverage

While it isn’t required, it’s often recommended for drivers to have collision coverage as well. This type pays for the damage that is done to your own vehicle if you were at fault for an accident. Comprehensive coverage is a type that pays for risks to your vehicle when it isn’t being driven. 

Get Your Auto Coverage

When you need an auto policy in Nebraska, we can help. Give us a call today at Ed Thompson Insurance Agency in Omaha, NE to find out more and to get started. 

What Are Some Common Exclusions In Commercial Insurance Policies?

Insurance plans for businesses or property are designed to compensate owners for financial losses sustained as a result of property damage. They often include a number of exceptions to the rule. Understanding what the policy does not cover is equally as vital as knowing what they cover. Consult with us at Ed Thompson Insurance Agency in Omaha, NE for expert insurance advice. 

Commercial Insurance Exclusion: What It Entails

An insurance policy exclusion details a kind of loss for which the policy doesn’t provide coverage. The law demands that exclusions be specified in a way that is explicit and detailed. 

Every insurance policy comes with a set of features and restrictions. The kinds of businesses that are excluded might also change depending on where you live. Most insurance firms don’t offer coverage that results from things such as water damage, acts of war, kidnapping, and existing damage. 

In commercial insurance contracts, "exclusions or carve-outs" remove coverage for particular types of property, risks, conditions, or hazards. Exclusions are a tool that insurance companies use to exclude coverage for risks that they do not wish to insure. 

Because they cannot be prevented, certain dangers, like regular deterioration, aren’t covered by insurance policies. These include normal wear and tear. The ability to mitigate risk is provided to the policyholder, who is responsible for performing conducting routine maintenance and upkeep. Commercial insurance exclusions include: 

  • Contractual Liability
  • Liquor Liability
  • Pollution
  • Aircraft, Autos, and Watercraft
  • Intentional Acts
  • Contractual Liability

The higher the level of protection provided by the policy, the greater the risk posed to the insurance provider, and the higher the premium required to pay for the coverage. 

Give Us A Call

Most insurance policies prohibit coverage for any act or danger related to war or terror. You are required to carefully go over your policy before signing the document. Also, ask questions about exclusion issues. For expert insurance guidance in the greater Omaha, NE community, confer with Ed Thompson Insurance Agency.

5 Tips for Buying Home Insurance

Owning a home is a huge financial and emotional investment. You want to protect your home and belongings in case of an accident, theft, or natural disaster. That’s where home insurance comes in. Home insurance provides financial protection if your home is damaged or destroyed. With that in mind, Ed Thompson Insurance Agency in Omaha, NE provides this guide in navigating this important coverage.

Here are five tips to help you find the best home insurance policy for your needs:

1. Know What You Need

Before you start shopping for home insurance, it’s important to know what coverage you need. Home insurance policies typically cover the structure of your home, your personal belongings, and liability if someone is injured on your property. You can also purchase additional coverage for things like flooding or earthquakes.

2. Shop Around

Once you know what you need, it’s time to start shopping around. Get quotes from multiple insurance companies and compare their rates and coverage. Be sure to read the fine print to understand what each policy covers.

3. Consider Your Deductible

This is one of the most important factors to consider when shopping for home insurance. Deductibles work like this: if your home is damaged in a covered event, you will have to pay the deductible before your insurance company starts paying for repairs. The higher your deductible, the lower your premium will be. However, you don’t want to set your deductible too high, or you could have to pay more out of pocket if something happens to your home.

4. Read the Fine Print

As with any insurance policy, it’s important to read the fine print before you purchase home insurance. This way, you’ll know exactly what’s covered and what isn’t. Pay attention to exclusions, limits, and conditions so you’re not caught off guard if you need to file a claim.

5. Review Your Policy Regularly

Your needs will change over time, so it’s important to review your home insurance policy regularly to ensure it still meets your needs. If you’ve made any major changes to your home, such as a renovation or addition, be sure to let your insurance company know so they can adjust your coverage accordingly.

Get Home Insurance in Omaha, NE

These are just a few things to remember when shopping for home insurance. Ed Thompson Insurance Agency can help you find the right policy for your needs. Give us a call to get started.

How to Protect Your Omaha, NE Business

Business insurance is vital for anyone who owns a company in Omaha, NE. There are many types of policies available, and it’s often challenging to know which one is right for your business. The Ed Thompson Insurance Agency can help you find the perfect policy to protect your business.

What Types of Business Insurance Are Available?

There are many types of business insurance policies available, and the right one for your company will depend on various factors. Some of the most common types of business insurance include:

Commercial property insurance:

This policy protects your business if your property is damaged or destroyed.

Liability insurance:

A liability policy protects your business from claims if someone is injured on your property or if you’re sued for defamation.

Product liability insurance:

Choose this type of policy if you sell products and want to be protected from liability if one of your products injures a customer.

Business interruption insurance:

When a covered event forces your business to close, this policy will help cover your lost income.

Commercial vehicle insurance:

If you use vehicles for business, you’ll need to have them insured. A representative from the Ed Thompson Insurance Agency can help you find the right policy for your business.

Workers’ compensation insurance:

This type of policy is required in some states if you have employees. It covers medical expenses and lost wages for employees injured on the job.

Contact Ed Thompson Insurance Agency for a Quote

The Ed Thompson Insurance Agency in Omaha, NE can help you find the perfect business insurance policy for your company. Contact us today for a free quote. We’ll work with you to understand your needs and find a policy that fits your budget.

5 Mistakes People Make When Buying Auto Insurance

When it comes to auto insurance, most people think they know what they’re doing. But in reality, many people make mistakes that can cost them a lot of money. In this post, we’re going to look at five of the most common mistakes people make when buying auto insurance and how you can avoid making them yourself.

1. Lying on the Application

This is perhaps the most common mistake people make when buying auto insurance. They think that by lying on their application, they’ll save money on their premium. But in reality, all it takes is for one tiny detail to be different from what you put on your application, and your policy could be voided. And if you have an accident while your policy is voided, you could be in for a world of financial pain. So always tell the truth on your application. It might cost you a few dollars more in premiums, but it’s not worth the risk.

2. Not Shopping Around

Another mistake people make is not shopping around for the best rate. There are a lot of auto insurance companies out there, and they all offer different rates. So take the time to shop around and compare rates before deciding on a policy.

3. Not Understanding the Policy

Before you sign up for a policy, it’s important that you understand what it covers. Don’t just take the word of the insurance agent. Please read the policy yourself and make sure you understand it. If there’s something you don’t understand, ask questions until you do.

4. Going for a High deductible

Many people think that having a high deductible will save them money on their premiums. And while it’s true that it will lower your premium, it’s also true that you’ll have to pay more out of pocket if you have an accident. So you need to weigh the pros and cons of having a high deductible before deciding on a policy.

5. Not Getting Enough Coverage

This is a mistake that can cost you dearly if you have an accident. Make sure you have enough coverage to protect yourself financially in the event of an accident.

These are just a few of the most common mistakes people make when buying auto insurance. By avoiding these mistakes, you’ll be able to get the best coverage for your needs. Are you looking for auto insurance in Omaha, NE? Ed Thompson Insurance Agency can help you get the coverage you need at a price you can afford. Contact us today for a free quote.

 

Is Cyber Liability Insurance Needed For My Business?

Cyber liability insurance safeguards businesses from the unexpected and high costs tied to a cyber incident such as a data breach or malicious attack. Covered expenses include notifying impacted customers, credit monitoring services, legal fees, and fines. Many businesses fall for the misconception that the smaller their organization, the less likely it will be attacked, but this is not true. Small companies often have less or non-existent cyber security mitigation practices, making them an attractive target for threat actors seeking a quick payday. Suppose you own a small business with access to sensitive information such as banking data, PII, social security numbers, or similar documents. In that case, you need cyber liability coverage as a component of your commercial insurance. 

There are two types of cyber liability insurance policies – first-party coverage and third-party coverage. First-party, as the name implies, helps cover expenses associated with an attack on your systems, such as confidential company information or HR records being stolen. Third-party coverage is utilized when a client sues you for safeguarding their protected information inadequately. 

Cyber liability insurance is an optional coverage in Nebraska; however, small businesses are mandated to carry commercial auto insurance and workers’ compensation insurance to help cover the cost of medical bills and loss of work accrued by employees injured on the job. 

At the Ed Thompson Insurance Agency in Omaha, NE, our dedicated and knowledgeable team of insurance professionals can answer any of your commercial insurance questions. Our goal is to help safeguard your business by offering insurance products that best meet the needs and demands of your company. Give us a call today or stop by our office to learn more about how we can help you with a commercial insurance policy.

Home Insurance Riders to Consider Investing In

A rider is an additional protection measure that can be added to your home insurance policy in Omaha, NE. These riders allow you to receive compensation after a fire, theft, etc. for items that may potentially exceed your standard policy while also expanding your overall home insurance coverage. Ed Thompson Insurance Agency would like to shed some light on common insurance riders you may want to consider.

Water Backup Coverage

Many homeowners make the mistake of assuming that their general home insurance policy will cover any kind of water and moisture damage. However, most insurers have restrictions on this type of property damage.

For instance, your policy coverage may only be limited to damage caused by a water-using appliance, burst pipe, or the like, whereas damage from a sewer, drain, or sump pump backup is not covered. 

Because of this, you should consider investing in a water backup rider to ensure you are properly protected from an assortment of water-related perils.

Personal Property Protection

Your personal property is covered under your home insurance policy, but this coverage is only up to a certain amount. Therefore, if the personal items under your roof are damaged by a covered event, your policy will pay for repairs or replacement of these items up to the policy limit. In the event the damage exceeds this amount, you will need to pay out of pocket.

With that being said, if you have expensive items in your home, such as jewelry or artwork, you may want to invest in a rider that protects your personal property. You can also invest in individual riders for specific belongings. 

Identity Theft Protection

No one expects to become a victim of identity theft, and if it happens to you, you will likely spend years trying to reverse the damage that occurred. 

The good news is there is an identity theft protection rider that can be added to your home insurance policy to reimburse you for expenses related to undoing the damage from an identity thief. For instance, this rider can help pay for any legal expenses, deal with creditors, and replace documents. 

Anything can happen at any time. If you want to ensure you are properly covered, you should speak to Ed Thompson Insurance Agency, serving Omaha, NE, about a comprehensive home insurance policy that includes the necessary riders based on your individual situation.