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Aspen Gold Insurance Brokers

11001 West 120th Ave, Suite 400
Broomfield, CO 80021

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How to Cover a Business for a Cyber Attack

Cyber attacks continue to be a major problem for American businesses. Statistics show, in 2018, the average cost to a business for the damages from a malware attack was $2.4 million. That is a huge amount of money. The scary thing is that this kind of attack can happen at any time without any warning whatsoever.

Insurance for Cyber Attacks

Cybersecurity insurance is a type of special insurance coverage that can be found under the category called umbrella insurance. It can be a rider on an umbrella insurance policy that also covers other risks.

Umbrella insurance does two basic things. It extends the policy limits of other insurance coverage that is also in place and it covers things that other policies do not cover. Work with your agent at Aspen Gold Insurance Brokers, serving Broomfield, CO and the nearby communities, to make sure you have adequate insurance for this risk.

Umbrella Insurance

Umbrella insurance is an effective way to cover the big risks that can destroy a business and wipe out the net worth of the business owners. It is more cost-effective to have umbrella insurance to cover claims that are in excess of the policy limits of other coverage than it is to raise the policy limit of each separate insurance policy.

Special Cyber Security Risks

Businesses that conduct online payment-processing transactions, such as accepting credit cards for sales are the kind of companies that are likely to have a cyber attack. Another type of vulnerable business is any health care organization that manages the medical records of individuals. They must follow HIPAA rules for security that are very strict. Fines and penalties for violating HIPAA rules can be multiple millions of dollars.

Ransomware

A new form of malware called ransomware is being deployed more frequently. Ransomware works by a hacker inserting a virus or malware into a system and then locking the data content by encryption. A demand is made for the company under attack to pay a ransom to get access to their own data files.

Cyber attacks are not going to go away. In fact, they are getting more frequent. Call 720-600-7470 to talk to your agent at Aspen Gold Insurance Brokers in Broomfield, CO to get a quote for umbrella insurance that covers the risk of cyber attacks.

What Questions Should You Ask About Motorcycle Insurance

Getting insurance for your motorcycle is nicer with a good insurance company that can answer your questions.  It is easier as you know the questions you might ask and information to discuss as you contact the company.   Insurance can help the riders feel more comfortable as they load belongings into the cargo compartments.  Another question you might ask the insurance company, What is the coverage for the belongings I take with me on motorcycle trips?  Also, knowing how accessories are covered with insurance is nicer for those customizing their motorcycles.  Some spend significant amounts of money improving their motorcycles and it is helpful to know what is included with insurance.   How does insurance work for the new chrome parts for my motorcycle?  Deterring theft is a consideration for some people and the freedom of riding a motorcycle can be enjoyed more with discussions about insurance.   Is there an insurance discount for any antitheft devices for my motorcycle and what are other ways to deter theft?  Contact Aspen Gold Insurance Brokers for information about insurance, accessories, and preventative measures for protecting belongings carried on the motorcycle.  The trained staff is there to answer your questions and is knowledgeable about insurance for Broomfield, CO.   

Feel more confident riding your motorcycle and know what is covered.  Those customizing their motorcycle might know how expensive it is to purchase the parts with labor.   Many experienced motorcycle riders enjoy planning trips and showing others their motorcycles.   Another smart plan is to discuss the details of insurance with a knowledgeable team.   Aspen Gold Insurance Brokers is available to discuss your needs.  You can contact the agency for more information about insurance.   Serving Broomfield, CO, the experienced staff at the insurance agency can discuss the benefits of motorcycle insurance.

What to Consider When Choosing a Life Insurance Beneficiary

Getting a life insurance policy from Aspen Gold Insurance Brokers in Broomfield, CO, is the first step toward providing loved ones with financial security after you’re gone. Naming one or more beneficiaries is equally as important as these are the individuals who will benefit from the proceeds of your policy. What factors should you consider when choosing a life insurance beneficiary?

Your Financial Obligations

When choosing a beneficiary, consider your financial obligations. Do you have a student loan co-signed by your parents that needs to be repaid, even after you’re gone? If so, your parents may need help in fulfilling this obligation. Did you buy a house with a significant other? He or she may need help in paying the mortgage. Did you commit to helping a younger sibling through college? Life benefits can help you fulfill this commitment. By dividing life proceeds between multiple beneficiaries, you can help those who need it most after you’re gone.  

Financial Help for Your Immediate Family

You should also consider how your sudden demise will affect your immediate family, i.e. spouse and children. Do you have savings that can help them carry on? Can your spouse’s income cover for the loss of income from your part? Would your spouse be held responsible for outstanding debts? Will your kids have money for college? If your demise would leave your family in financial difficulties, they may take priority in your choice as beneficiaries.

Minor Children

If you’re considering naming minor children as beneficiaries, set up a trust that gives a trustworthy adult authority to manage these finances on behalf of your children until they become adults. This way your children will have their needs met as they grow and funds could be set aside for college.

To learn more about choosing a beneficiary or for information on life insurance options and costs, contact Aspen Gold Insurance Brokers in Broomfield, CO.

Do Employers Have to Provide Health Insurance?

It’s no secret that health insurance in this country is a difficult subject. Not only are citizens required under law to have health insurance or face paying hefty fines come tax season, but healthcare itself is so expensive that the vast majority of people can’t afford care without at least some kind of insurance policy backing them up. Fortunately, there are a lot of employers out there in the Broomfield, CO region who offer health insurance to their employees, but are the ones that don’t comply with the law? The insurance experts at Aspen Gold Insurance Brokers have the answers you need. 

Does My Place of Work Have to Legally Offer Me Health Insurance 

The truth is that, no, employers are not required to provide their staff with health insurance under federal law, nor in the state of Colorado. This is understandably a bit dismaying, especially for full-time employees who already invest a lot of their time in their work. However, it is important to once again note that personal health insurance is still a requirement under federal law, and those who do not have it may be subject to paying expensive fines for the months they go without coverage (you must have coverage for at least one day of every month of the year). So, it’s important to have at least a minimum coverage policy to avoid this. 

My Employer Doesn’t Offer Health Insurance. Now What? 

If you’re one of many workers out there in the Broomfield CO area whose employer does not provide health insurance, the experts at Aspen Gold Insurance Brokers are here to help. We work with a wide range of health insurance providers and will work with you to find the best options for your personal needs and budget. Contact us today to learn more. 

Should You Have Commercial Property Insurance?

Commercial property insurance in Broomfield, CO doesn’t just cover the building the business operates in, it also covers assets in the building, such as tools, equipment, inventory, or machinery. This insurance will cover losses due to fire, vandalism, theft, or natural disasters. Commercial property insurance may be required in a few instances. If you own the building you are operating out of, you may be required to have insurance based on your loan. If you are renting, your landlord may also require you to have this.

Commercial property insurance can cover a lot of different things, so if your business can benefit from having these items covered, it’s worth speaking with an agent at Aspen Gold Insurance Brokers to add this to your existing business insurance or to get a new policy. The policy will cover the building, any equipment loss, any damage to the building due to fire, theft, wind or hail, any accidental property damage, and lost business income due to these losses. It also protects electronic data, valuable papers, and records, and guards against interruption of computer operations, forgery or alteration, and accounts receivable. There are some items this policy won’t cover, such as commercial vehicles, data breaches, errors or omissions, and whether other than wind and hail, but it’s still an important type of policy for many business owners to consider. If a company were to lose its inventory due to a fire, it could be put out of business.

Many businesses have commercial general liability coverage, but this type of policy will only cover any third-party claims for injury or property damage. Business owners need to protect their own property with commercial property insurance.

Contact Aspen Gold Insurance Brokers, serving Broomfield, CO, to get a quote on commercial property insurance and other insurance for your business. 

Even If Your Boat’s Paid Off, You Should Keep Your Boat Insurance

Your boat may be paid off. If so, you don’t have to worry about carrying coverage in order to qualify for the conditions of a loan. However, most marinas have guidelines for insurance coverage as a condition of docking there. Besides, do you really want to worry every time a stern line slips and your craft knocks against the fender? Ask your Aspen Gold Insurance Brokers about the types of coverage you need to protect your vessel in Broomfield, CO. In the meantime, here’s some basic information to get you started.

Boat Coverage for Your Craft

In most circumstances, a boat policy is an "All Risk" policy that covers an array of misfortunes that could happen to your vessel. This includes vandalism, theft, fire, lightning, grounding or sinking, and it may even include stolen or lost belongings. Consider options that cover personal items, such as watersports equipment or fishing equipment. In the case of a breakdown, tow coverage is a real lifesaver. 

You can get coverage for physical damage to another boat in the case of a collision or other event where you are held liable for personal injury or property damage while operating your boat. Maybe you want to protect yourself against underinsured or uninsured boaters. Whatever coverage you want or need is probably available, and it’s just a matter of prioritizing what fits into your budget.

Cover the Value of Your Boat

The more valuable your boat, the more you need boat insurance to protect you against financial loss. An umbrella policy takes over when you’ve reached the limit of your boat’s liability insurance. Contact Aspen Gold Insurance Brokers to cover your boat in Broomfield, CO.

Typical Reasons for Filing a Homeowners Insurance Claim in CO

Making sure you have homeowners insurance if you live in Broomfield, CO is very important. A home insurance policy is super important and when it comes time to file a claim for damages that need repair, you will realize why. Make sure you are covered and if you have any questions about what coverage options you need, contact Aspen Gold Insurance Brokers to discuss specific details further. Find out what typical reasons for filing claims are in this post. 

Storm Damage

Heavy winds, hail, sleet, snow, ice, rain, wildfires, floods, and other hazardous weather events can really do a lot of damage to homes in Colorado. That is why it is ultra important to stay covered with a homeowners policy. These events represent a major reason homeowner’s file claims. Be sure to assess damages and contact an agent right away if damages from weather destroy parts of your home (or the entire home).  

Water Damage

Many homeowners get flood insurance protection if they live in a vulnerable area prone to flooding but others might find their home has been damaged by water without a flood. This can include things like burst pipes, backups in plumbing or leaks. These events can cause major damage to property. Find out why these typical claims are important by talking with an agent at Aspen Gold Insurance Brokers.  

Fire Damage

Another major reason for filing claims is fire and smoke damages to homes. Homeowners can be devastated by the damage and destruction left behind after a fire has engulfed their home or parts of it. The fire and the smoke can damage any kind of property within or outside the home. Be sure to discuss the fire damage coverage options available on select policies in Broomfield, CO. 

Benefits of Buying Auto Insurance Directly from the Insurer

Have you ever wondered if you should purchase auto insurance direct from an insurance agency? When you go to buy auto insurance in Westminster, CO, make sure that you understand the pros and cons of going through direct providers for it.

Going through a direct provider means that you will not need to make an appointment to discuss your options. You can avoid taking a great deal of time out of your busy life, and look at auto insurance quotes online. You can go at your own pace as you look at information about the various insurance policies. In fact, there is much more you can do online, including filing any insurance claims and updating terms for your policy.

By purchasing the coverage directly through the car insurance company, you know that you only will be dealing with them. You won’t ever have to deal with an agent.

Another great thing about direct providers is that you will receive competitive rates, as well as a variety of discounts for auto insurance. You never have to worry about getting all of the information, as it should all be available on the provider’s website.

Management of your auto insurance policy is more favorable when you have a direct provider. For instance, you’ll have more options when it comes to adding a car to your policy or changing your coverage. You’ll have greater access to customer service hotlines, as well as be able to create an online account where you can manage it with ease.

It is crucial you know what are you getting into with a car insurance policy. Talk to specialists at Aspen Gold Insurance Brokers today. This will have you well on your way to finding a policy that will leave you feeling pleased.

 

 

 

 

Commercial Insurance & Harassment Claims

A business can do everything right. It can market well, watch the bottom line and accounting reports, manage credit wisely and hire smart. All of the right moves can be made that under any business textbook traditionally mean success, and yet the same company with all of those decisions going in the right direction can still be bankrupted by an unexpected legal claim unaddressed by typical business insurance. The fact is, legal risk remains one of the top reason that force many small businesses to fold prematurely, whether in Westminster, CO or in other towns across the U.S. That’s because the cost of defense, motions, trial and potentially losing a claim can be in the dozens of thousands of dollars, the very resource a small business needs the most of for liquidity and growth.

However, commercial insurance can go a long way in protecting small businesses as well. A commercial insurance policy is for more than just property protection and business contract disputes. It can protect against employee-related claims like harassment allegations as well. In a day and age where behavior in the workplace can be just as much of a cost risk as an omission in a service agreement, insurance protection is a must for a new business. The staff at Aspen Gold Insurance Brokers can help. They are able to tap into dozens of business-oriented coverage products that can be tailored to the specific needs of a given Westminster, CO small business. So you don’t need to jam your company’s needs into a generic box. Aspen Gold Insurance Brokers can match your need with the right product easily; give them a call today to find out more.

Does motorcycle insurance cover theft?

With its many open spaces and mountain backdrop, Westminster, CO is a great place for riding a motorcycle. Many people take advantage of the beautiful area, taking in beautiful scenery for both work commutes and recreation. 

If you own a motorcycle in Colorado, you will need to register your bike and get insurance for the motorcycle. You can find a policy that suits your needs at Aspen Gold Insurance Brokers, either purchasing the minimum policy you can get away with by law or finding a policy that offers more on its return. 

Minimum Insurance Requirements

But motorcycles  being so valuable and popular, it is important to know whether your policy covers theft. Unless they have extra protection, motorcycles may be stolen quickly once they are parked. If you only purchased a policy that covered the minimum requirements, you may be unprotected in many other areas.

The insurance policy you are required to have by law is for liability. You need to have at least the minimum amounts of coverage for both bodily injury and property damage. That way if you collide with a person or vehicle your insurance can help pay for the damages. 

Comprehensive Insurance Policy

In order to protect your asset from more dangers, you will need a comprehensive policy. The comprehensive policy covers everything from weather to theft to accidents that don’t involve a collision. 

Standard comprehensive coverage will only insure up to the value of the bike, with standard parts, but you can ask about additional coverages for accessories and special parts.

Riding a motorcycle in Westminster, CO is fun and exciting, but you don’t want to be unprotected. Call Aspen Gold Insurance Brokers today to discuss your current coverage and get a free quote.