Moon-Baker Agency

130 E Main St
Ada, OK 74820

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Moon-Baker Agency Blog

What coverage do I need for company cars, which are in use by our employees?

As a business owner, you need to carry commercial auto insurance on your company vehicles. Your company car insurance is entirely different from your personal vehicle insurance. The car insurance for your business is designed to provide coverage for you or for any employee who is driving company vehicles.

The types of coverage included in a commercial auto insurance policy usually include the following:

Liability Coverage: Liability coverage is required by virtually every state in the U.S. The purpose of liability auto coverage is the protection of people who you or your employees may have caused damage to in a car accident. For example, if your employee is driving to make a delivery and causes a collision with another vehicle, your liability insurance would provide the coverage.

Collision Coverage: Collision coverage is an optional type of insurance, but it is highly recommended. Collision coverage is there to deal with the damage that might happen to your company vehicles during a wreck. Although the liability insurance coverage will take care of the damages to the other person’s car, it won’t cover your company vehicles, thus collision coverage is important if you want to protect your company vehicles.

Comprehensive Coverage: Comprehensive insurance coverage is also an optional type of commercial business insurance, but it is very important if you want to have coverage for the medical needs of you and your employees that might happen as the result of a wreck. Liability coverage will take care of other people in a wreck if they get hurt, but it won’t cover you or your employees in terms of medical care, thus comprehensive coverage is important.

As a business owner, making sure that you and your employees are properly covered at all times while on the road is important. Our independent agents work with multiple major insurance carriers and we can get you quotes from all the big insurance companies at one time. Try our free live quote tool online or call us today!

What are the various types of health insurance available?

When you are looking for a health insurance plan that is appropriate for your family or your individual needs in Ada, OK, it is important to recognize the different types of health insurance policies that are available. The type of plan that is best for your goals can vary based on the situation and your financial concerns.

HMOs and EPOs

A health maintenance organization or an exclusive provider organization is a type of plan that has specific limitations on the health care providers that you can select. Generally, you are required to use a doctor in the company’s network.

There may be some exceptions, such as when a specialist is required and there is no specialist in your covered area, but you will usually pay more to visit a doctor outside of the company network. If you need to see a doctor outside the network, it may be necessary to obtain a referral from your primary care physician.

PPOs

A PPO, or preferred provider organization, is a type of health care plan that allows a greater amount of flexibility when it comes to finding the health care provider that you feel is most appropriate for your needs.

Although you can select a provider outside the network, you will generally pay more for the services of the doctor. You may or may not be required to obtain a referral, depending on the plan that you selected and the amount of coverage that you have purchased.

The type of health insurance plan that is appropriate for your needs may depend on several factors, including your personal preferences and your concerns regarding the health care provider that you are considering. Contact us to talk to an agent for more information about your options today.