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Portland, OR 97239

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Three things you need to consider when buying boat insurance

Getting boat insurance is important. As a boat owner in Portland, OR, you need to purchase boat insurance and consider all the relevant factors that impact your insurance requirements before selecting a policy.

Einstein Insurance offers boat insurance policies that can meet their unique needs.

The following are three things you need to consider when you buy boat insurance:

The number of operators who will be regularly operating your boat

Your insurance provider should know who is operating your boat. Insurance providers want to see the driving records of all the boat operators they put on their boat insurance policies. 

The layup period during which your boat will be in storage

The winter in Oregon is typically cold, and boat owners usually keep their boats in storage during the winter months. The layup period refers to the time when a boat is in storage. 

Your insurance provider may adjust coverage and premium costs for layup periods in your boat usage schedule. You don’t face the same risks when your boat is in storage, so it’s best to have your insurance coverage adjusted accordingly. 

The total value of your boat

A boat insurance policy should insure a boat owner for the full value of his or her boat. That’s why you should determine the total value of your boat. 

You can request a replacement value boat insurance policy that will insure you for the full cost of buying a new boat if your boat becomes destroyed. 

Give Us A Call

We’re here to help you get an insurance policy to meet your needs. If you’re a boat owner in Portland, OR and surrounding cities, you can get in touch with Einstein Insurance so that we can provide you with a policy quote. 

Who should get an umbrella insurance policy?

Umbrella insurance policies are an important kind of coverage for anyone who owns assets and wants to ensure their financial security in the event of a large claim or legal lawsuit. Whether you are an individual, business owner, or homeowner in the Portland, OR area, umbrella insurance from Einstein Insurance can provide an extra layer of financial protection beyond your existing liability coverage. 

Benefits of Umbrella Insurance

An umbrella insurance policy is designed to protect you from certain types of costly lawsuits and large claims that exceed your basic liability coverage. These policies are typically sold in increments of $1 million and can provide a financial cushion should you be found liable for damages related to property damage, personal injury, libel or slander damages, or other incidents. 

For individuals, it’s important to consider how much your net worth is before deciding if an additional policy is necessary. If the amount at stake exceeds your current liability limit, then umbrella insurance might be worth considering. Similarly, business owners should take into account the value of any assets owned by the company as well as any potential liabilities, including claims related to product defects or negligence on the part of employees.

Homeowners may also benefit from having an additional layer of protection with umbrella insurance due to risks associated with owning property and being responsible for any accidents that occur on their premises. This type of policy isn’t just for those who have high net worth either; even if you only have basic homeowners insurance coverage and few assets, it could still be beneficial to purchase an umbrella policy in case someone brings a claim against you for millions in damages. 

Give Us A Call

For more information, call Einstein Insurance today. We serve the Portland, OR area. 

5 benefits of having a life insurance policy

Few understand the importance of life insurance. According to the Life Insurance Marketing and Research Association (LIMRA), nearly half of all U.S. consumers are without even basic coverage. Their most recent report, "Facts About Life 2021," details the misinformation and misconceptions that surround life insurance.

Luckily, Einstein Insurance is willing to set the record straight. Serving the greater Portland, OR community, we understand how valuable life insurance is at every stage of life.

Here are the top five benefits of purchasing a life insurance policy:

Protect your family

Life insurance isn’t for you. The main purpose of these policies is to protect your loved one. After you pass, life insurance will continue to provide for your family.

Replace lost income

In LIMRA’s report, 42% of those surveyed expressed financial hardships if a wage earner were to pass unexpectedly. Life insurance helps fill this gap, supplementing lost wages and minimizing this burden.

Pay off debts

Bills won’t stop just because you’re gone. To prevent them from piling up, the payout from a life insurance policy could go towards a mortgage, loan, or other outstanding expenses.

Cover burial costs

This is the main reason individuals purchase life insurance. In fact, 83% of all participants in LIMRA’s survey cited this as their sole motivation for owning a life insurance policy.

Added financial security

There’s no price tag on peace of mind. Life insurance is a security blanket, shielding you, your spouse, and your children from the unexpected and the unpredictable.

Contact Us Today

Einstein Insurance in Portland, OR is here for more than just education. In addition to busting these myths, our dedicated team can create a personalized life insurance policy that’s right for you and your family. Call to set up an appointment today.

4 Tips You Must Know Before Shopping for Auto Insurance

When it comes to insurance, you need to get it right from the word go. Buying insurance, however, can be a challenge, especially if you’re buying it for the first time.

Auto insurance can be confusing with the many available coverage options and insurance agents. You need to understand that the right auto insurance can make the difference between financial ruin and solvency when in an adverse mishap. Einstein Insurance is here to provide Portland, OR residents with a guide. 

The following tips can help you shop for the best auto insurance:

Know what determines auto insurance premium

When buying your auto insurance, you must know that there are different factors that determine your auto insurance rates. Some factors include your driving record regarding violations and accidents caused, where you live, previous coverage, age, and how often you use your car. For example, the more claims, the higher the premium rate

Know how much car insurance you need

How much auto insurance you need depends on your individual needs. First, you must buy the minimum liability coverage required to be on the road. However, the minimum liability may not be enough, and you may need to purchase a higher liability claim. Liability coverage may not be enough, and you might want to consider other auto insurance coverage to enjoy complete protection.

Know the types of auto insurance coverage

Auto insurance comes with different coverages, all available to suit your requirements. Knowing how each type protects you will help you decide which coverages work for you. Besides liability coverage, others include collision, comprehensive, uninsured, and underinsured medical payments coverage, and much more.

Know your insurance agent

Before choosing an insurance agent, please get to know them better. You can do this by comparing different quotes and policies. You get to learn more about the company, for example, its financial ratings, complaint record, and recent rate changes.

Get The Right Coverage Today

With the above tips, you can get the right coverage and save money. Ready to purchase auto insurance in Portland, OR? Contact Einstein Insurance for an affordable quote.

Does commercial insurance cover cyber attacks?

You’ve probably heard a lot about cyber attacks on the news lately. You may be wondering if your commercial insurance policy covers you in the event of a cyber attack in Portland OR. The answer is maybe. It depends on the type of policy you have and the specific details of the attack. Einstein Insurance in Portland, OR is here to provide you with a guide on this important coverage. 

Basic Commercial Insurance Policies

Most basic commercial insurance policies will not cover you in the event of a cyber attack. This is because cyber attacks are generally considered to be an "act of war" and are not covered under standard insurance policies. However, there are some exceptions. For example, if a hacker accesses your computer system and steals customer data, that would be covered under most commercial insurance policies since it is considered to be theft.

CyberSecurity Insurance Policies

To be fully protected in the event of a cyber-attack, you will need to purchase a separate cybersecurity insurance policy. These policies are designed to protect businesses from financial losses resulting from a data breach or other types of cyber attacks. Cybersecurity insurance policies can be customized to meet the specific needs of your business, so it’s important to work with an experienced agent to determine what coverage is right for you.

Contact Us Today

No one likes thinking about the possibility of their business being attacked by hackers, but it’s important to be prepared. Most basic commercial insurance policies do not cover acts of war, like cyber attacks, but there are some exceptions. The best way to protect your business is to purchase a separate cybersecurity insurance policy. Contact Einstein Insurance in Portland, OR today to determine what coverage is right for you and your business.

Do I always need home insurance in Oregon?

Owning a home in the Portland OR area has continued to be a good option for many people. Those who would like to be property owners here need to ensure they are properly insured. Consult with the insurance experts at Einstein Insurance on this vital coverage. 

There are a few reasons one must have a home insurance plan

Protect Your Assets

Anyone purchasing a home in the Portland, OR area will know that they are making a big investment. They will also be purchasing various personal assets that will be kept in the home. When you have coverage through a home insurance plan, you will have the support needed to protect these assets. 

Reduce Liability Risks

You will also want to have this insurance so you can reduce your liability risks. Various liability risks come naturally with owning a home. If you can get a proper home insurance plan, you will also receive liability coverage, which can help offset this risk. 

Meet Requirements

An important reason for someone to have this coverage is to meet their requirements. Most property owners will have home insurance obligations. If you take out a loan or are part of a larger home association, you are bound to have insurance requirements. With proper coverage, you will remain in good standing. 

Get Home Insurance Today

Being a property owner in Portland, OR has been a good option for many people. If you want to own a home here, getting insurance for it is always beneficial. The insurance professionals with Einstein Insurance will offer any help you need to build a new home insurance plan. This will ensure you are properly covered and receive all of the benefits that can come along with having this coverage. 

Let us help you protect your food cart

Einstein Insurance is proud to serve the insurance needs of the greater Portland, OR area. If you own and operate a food cart in the Portland metro area, it’s important to have insurance. Food cart insurance can protect you from liability, theft, and damage. If you want to learn more about this type of insurance, give us a call today.

What to look for when selecting food cart insurance

As with any other business that serves food to the public, it is important for food cart operators to carry a sufficient amount of liability protection. This can keep them protected if there is an incidence of illness. It can also protect operators from common slip and fall types of claims.

Food cart operators often rent the locations where they set up shop. With the right policy in place, they can also be protected from any liability for damage to the rented premises. No one wants to have to come out of pocket for business-related expenses, especially when this scenario can be avoided with the right insurance.

If you own and operate a food cart, make sure that you have the insurance you need! These specialized insurance policies designed for food carts can go a long way toward protecting you and your cart business. Even if you don’t have a traditional brick-and-mortar restaurant location, it doesn’t mean that you still don’t need to protect your financial interests!  

Get in touch with us today!

Food cart operators in the Portland, OR metro area can turn to the team at Einstein Insurance for all of their insurance needs. If you want to make sure that you have the protection you need for your business, give us a call or stop by today!

When Does Bonds Insurance Go Into Effect?

In general, bond insurance is used to protect collateral against financial risk. For example, a business that has an investment department that clients may trust will place a bond on their behalf. The department must have sufficient cash on hand to meet future losses if the business does not continue operation. 

Borrowing money from the bank won’t automatically trigger the requirement for insurance. However, if you produce more than your limit of collateral, you can apply for a “subsidy” from the government or a broker-dealer that offers policyholders a financial option. If you are stranded, Einstein Insurance can offer help in Portland, OR. 

How Do You Get Bonded? 

Getting bonded is easy. You simply need to fill out a set of forms and submit them to your broker-dealer. If you fail to keep your bond papers, you will have to pay a penalty fee when you renew your bond policy. 

Getting bonded is not only good for your family, but it’s also good for the public at large as well. It means that you are responsible and have shown that you have enough cash on hand to care for yourself and/or your family if something goes wrong financially. 

Some examples include: 

  • Bonds issued by an insurance company to protect policyholders against the risk of death or disability
  • Bond issued by an individual to protect their family in case they pass away
  • Bond issued by a business to protect against the risk that their employees might not return from military service
  • Bond issued by an investor to protect their investment in case the business goes under

When to Use Bonds Insurance 

When adding insurance, it’s important to consider the overall debt service, the interest rate charged by the insurance company, and the amount of interest in case of a loss. The amount of insurance needed can vary depending on the nature of the loan but usually ranges from $100,000 to $100,000. 

Additionally, each state has different minimum coverage requirements for motor vehicle insurance and home inspection coverage. The insurance company must provide the minimum coverage for the borrower at all times the borrower is in the house. The minimum coverage includes fire, smoke, dust, and earthquake protection. For inquiries, get in touch with Einstein Insurance in Portland, OR. 

Do I Need Contractors Insurance?

Contractors insurance will help protect your business against expensive repairs and expenses if something happens during a construction project. To protect your assets, your company must have a business insurance policy. 

It can be a sole proprietor or an unincorporated business. What’s important is that your business has a legal structure and an active policy to protect its assets. Do you’ve questions in Portland, OR, reach out to Einstein Insurance.

What Does a Contractors Insurance Entail 

You will have many different kinds of jobs to complete, and you may be working on a variety of different floors in your house. It is important to have contractor’s insurance to protect you in case something goes wrong with any of your projects. 

This can include things like faulty workmanship, accidents, and even damage from the weather. It is important to have contractor’s insurance that covers large and small jobs and covers you for a variety of different work sites. 

Some of them are high risk and some of them are low risk. You have to decide which type of contractor you want to work with and take the right coverage to protect yourself. You don’t need the insurance for all contractors. It depends on the risk. 

Low-risk contractors can be hired without contractors insurance. You can also have different types of contractors insurance depending on the type of contract you have. 

There may be legal requirements that the contractor must meet, such as having a licence to do the work or being registered with the relevant authority. 

If you have any doubts about the contractor’s credentials, it is best to check with the licensing department in the state where the work will be done. Contractors insurance covers you on: 

  • Claims protection
  • Employees protection
  • Paying legal costs

Contact Us Today

Contractors insurance protects you against financial losses from unforeseen circumstances, such as injuries to workers on-site and damaged property. It also protects you against claims that other contractors make against your firm. 

It can also help protect your employees if something happens during a job. For similar inquiries in the greater Portland, OR area, consult Einstein Insurance.

What Are Some Employee Practices That Can Help Improve Productivity?

The majority of employees want to be more productive in their jobs. From improving your time management skills to setting achievable goals and creating a healthy work/life balance, there are some ways in which you can become more productive in your role. 

One of the most important things that you can do to keep your employees happy and engaged is to help them to set achievable goals. Not only does this help them to make a greater effort at work, but it also means that they’re more likely to stay with the company for a longer period. Learn more tips from Einstein Insurance serving in Portland, OR. Below are some ways to enhance workers’ productivity. 

What Are Some Employee Practices That Can Help Improve Productivity? 

  • Be efficient
  • Reduce distractions
  • Delegate
  • Improve workplace conditions
  • Practice positive reinforcement
  • Have the right tools & equipment
  • Offer support & set realistic goals 

Building The Team 

First and foremost, it is crucial to hire the right people. Ensure all candidates are a good cultural fit and have the necessary skills. Once your team is full of the right people, here are some other ways to improve productivity: 

  • Create a collaborative office environment by cutting back on endless meetings and replacing them with creative problem-solving activities. 
  • Invest in technology and equipment. It makes workers’ jobs more efficient and easier. 
  • Provide employees with a comfortable and healthy work environment, especially for those whose jobs are physically demanding.
  • Invest in employee development and provide resources, training, and tools that will help them grow both professionally and personally.
  • Provide a team-oriented work environment by reducing competition and increasing collaboration among employees.

Some of the most common productivity enhancers are setting goals, creating a positive work environment, learning new skills, delegating tasks, and taking regular breaks. Other productivity-boosting employee practices may include: 

  • Offering regular training to employees, especially if the company’s industry is continuously evolving; 
  • Offering company-wide surveys to employees to identify areas in which they can improve; 
  • Offering a flexible leave policy for new parents so that they can spend more time with their children; 

Give Us A Call

Investing in your employees by offering internal training schemes is a great way to keep them engaged and motivated. You can also keep your team happy and productive by allowing them to learn new skills. Employees should continue to grow and develop their skills, especially in a fast-paced business environment. Einstein Insurance, a firm serving in Portland, OR, can get you started.

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