Insurance Inflation – Little Rock AR



I just wanted to leave a quick message today about insurance inflation. It’s clear today that everything costs more than it did just a year ago. That includes building supplies, building materials, so if you own a building, whether it be a home or a business building, if you had a total loss today, it would be more expensive to rebuild that property today than it was just a couple years ago. So insurance has had the effect of inflation as well because insurance companies want to make sure that properties are insured to the right value.
We hear all the time in our business at that, “Why are we getting these price increases?” And we don’t control them, but the insurance companies control those, and while we have many options to help our clients find the right product to meet their needs with the right carrier, most of the time the conversation begins at price. But we are all the time educating our clients, talking about coverages. Because when you’re shopping for insurance, you might want the best price, but if you have a claim, I promise you, you’re going to want the best coverage, and the right agency and the right company to be there for you so you can be made whole.
So please keep that in mind when you’re talking to your insurance agent, when you’re doing a review. Make sure you have the right amount of coverage for a good competitive price, so that you can feel confident that you’ve got the best policy that your money can buy. Because that’s what you’re going to want when you have a claim.

Call Berryhill Insurance Group in Little Rock AR at (501) 868-9338

Business Insurance Coverages – Cases #5 and #6 – Little Rock AR



The final segment in our video series about what insurance a small business actually needs.

Bad Luck Case #5
We review the need for Employment Practices Liability Insurance.

Bad Luck Case #6
A Key Man Life Insurance Policy would have been very helpful, giving the business valuable time to recover from the loss.

Call Berryhill Insurance Group in Little Rock AR at (501) 868-9338

Business Insurance Coverages – Cases #3 and #4 – Little Rock AR



As we continue our series of business insurance examples…

See how Bad Luck Case #3 might have been improved with a Property Insurance Policy that included Debris Removal Coverage, along with Business Income Insurance.

Bad Luck Case #4 reveals a very real need for Cyber Liability Insurance with Data Ransom Coverage

Call Berryhill Insurance Group in Little Rock AR at (501) 868-9338

Business Insurance Coverages – Cases #1 and #2 – Little Rock AR



What insurance does a small business actually need?
Much of a business’s success depends on how well it can overcome obstacles.

Berryhill Insurance Group is here to help guide you through the perils that you likely don’t anticipate.

Bad Luck Case #1
In this example, the hefty legal and judgment costs would have been covered by Hired and Non-Owned Auto Liability Insurance, up to purchased policy limits.

Bad Luck Case #2
ACME had Worker’s Compensation Insurance that covered Julie’s expenses, but not Colleen’s. The state identified that ACME had misclassified Colleen, which led to hefty penalties and judgments for medical costs and damages.

Call Berryhill Insurance Group in Little Rock AR at (501) 868-9338

What Is The Best Type Of Life Insurance? – Little Rock AR



Hey everyone, I’m Russ Berryhill with Berryhill Insurance Group. And today I want to answer the question that I get asked most frequently as it relates to life insurance, which is, “Hey Russ, what is the best life insurance policy?”
And my answer for a long time was, the best life insurance policy is the one that’s enforced when you die. But after working with clients over the years and customizing solutions to meet their needs, I’ve revised my answer a little bit. And I believe that your guiding principles when buying life insurance should be, buy the policy that gives you the best peace of mind and the one that helps you feel most financially secure.
Whether it’s term life, which is temporary for a period of years, and then it’s over, unless you convert it to a permanent. Or whether it’s permanent life insurance, like a whole life or index life policy that has cash value, but it’s permanent, a little more expensive, sometimes a lot more expensive than term. Whichever policy that meets your needs is what you need to go with. But meet with your trusted advisor. If you need to consult with anyone, we’re available. Just reach out to us at berryhillinsurance.com.
“If every person knew what every widow knows, no spouse would be without life insurance.” I love that quote. Think about that. If we can help you, we’re happy to. Thank you much. Have a great day.

Call Berryhill Insurance Group in Little Rock AR at (501) 868-9338

What Is The Difference Between Comprehensive and Collision Coverage? – Little Rock AR



It’s Ashley with Berryhill Insurance Group. Today’s frequently asked question is what is the difference between comprehensive and collision coverage? Generally, collision coverage comes into play when a driver is involved in a car accident. Comprehensive coverage is separate from collision. Comp helps cover losses that are usually not the result of driving the vehicle such as theft, hail, fallen trees, or animal damage. I hope this helps. Thank you guys for watching. Bye.

Call Berryhill Insurance Group in Little Rock AR at (501) 868-9338