If you make your living by farming, make sure it is protected. Farm insurance provides liability protection for bodily injury, medical expenses, and property damage like home insurance. The Hanneken Insurance Agency Inc. provides the insurance needs of those in and around Little Falls, MN.

Farm insurance is a hybrid form of coverage for commercial and personal protection. Farm insurance covers personal property related directly to the farming operation. The three categories of coverage are:

• Farm equipment and machinery
• Livestock
• Farming products such as seed, silage, fertilizers, pesticides, and animal feed

In addition to the liability protection it offers, it will pay legal fees if you are sued for any injury or damage that is farm related. This is important if you have people employed to work on your farm.

The difference between homeowners insurance and farm insurance is that farm insurance is designed to provide wider coverage for outbuildings, such as barns, equipment, and vehicles used for farm operations.

Like a standard homeowners policy, farm insurance will cover your home and possessions and provide personal liability coverage. But it also provides coverage for livestock and machinery but does not provide coverage for your crops.

Farm insurance is a highly customized policy. You start with basic coverage, then add additional options based on your business and home needs. Because each farm is unique, it is not unusual for an agent to visit the farm to ensure the property is adequately covered.

To ensure your livelihood is protected from loss, contact Hanneken Insurance Agency Inc. insurance professionals to meet with one of their experts. Don’t allow your means of income to be put at risk. You will be glad you did.

Do you think you are too young for health insurance?

You feel you have always been healthy, so there is no need for protection? This is incorrect thinking. If you live in or around Little Falls, MN, the Hanneken Insurance Agency Inc. can explain why health insurance is important.

Accidents or illnesses can occur to anyone at any time or age. Traffic accidents often involve young people. Sports injuries that can cripple a young man for life also happen. Don’t let an illness, injury, or accident dictate your financial future.

Did you know the cost of a broken leg can be as high as $20,000? Major surgery can destroy the finances of a family without health insurance. Why not allow the expenses of a catastrophic event to be shared by a health insurance provider?

Health insurance protects you from paying high out-of-pocket costs if an illness, injury, or accident befalls you. An ambulance and hospital bills on top of that can quickly add up to thousands of dollars. Four out of ten Americans cannot cover an unexpected $1000 medical bill. Therefore, it becomes a huge, almost insurmountable burden without the help you can receive from health insurance.

Here are some additional reasons why health insurance is necessary.

• Our changing lifestyles have made us more prone to various health conditions. Commuting, unhealthy diets, hectic work schedules, poor food quality, and rising pollution put us at risk of developing health problems.
• Coverage for pre- and post-hospitalization expenses are covered. The outpatient expenses, such as diagnostic testing, have also risen. No need to pay these costs out of pocket. Let health insurance handle the payment.
• Preventive care is probably the best reason to purchase health insurance. Most companies will provide a yearly exam at little or no cost to the patient. This care prevents or catches an illness by early detection.

Don’t be caught without health insurance! It’s good for the entire family. Let Hanneken Insurance Agency Inc. provide a quote to get you started. Contact us today.

You need to invest in commercial insurance to protect your company from unforeseen expenses. Hanneken Insurance Agency Inc. is an insurance provider offering coverage in Little Falls, MN.

There are a few steps that you should go through when you are choosing a commercial insurance plan. The following are three steps to choosing the best commercial insurance solution for your company. 

Consider what types of commercial coverage your company needs

There are numerous types of commercial coverage available. You need to evaluate the needs and risks that your company faces. 

Types of commercial insurance include commercial liability, property, and auto coverage. Other types include product liability and workers’ compensation. Depending on your company’s industry, structure, and size, you may need one or several of these insurance types. 

Consult a few providers of commercial insurance for quotes

Getting quotes from commercial insurance providers is essential in finding insurance coverage for your company. Identify insurance providers offering commercial coverage in your area and provide them with your company details and insurance needs. 

You can then compare policies’ costs and consider which is best for your company’s budget and coverage needs. 

Choose a policy and remember to update your policy annually

You’ll need to choose a policy after evaluating your options and purchasing that policy. After choosing a policy, you’re not finished with commercial insurance considerations.

You’ll want to reevaluate your coverage annually to update your coverage according to changes at your company. 

We’re here to offer our expertise when you have questions about commercial insurance in Little Falls, MN. Send us your questions and inquiries at Hanneken Insurance Agency Inc. We’ll be happy to provide you with info on our commercial insurance offerings. 

Why do you need life insurance? It’s one of those things that’s easy to put off until later. But the truth is, life insurance is one of the most important investments you can make. Not only does it give you and your family peace of mind, but it also provides financial security in the event of your death.

Life insurance is critical if you have young children or dependents. If something were to happen to you, life insurance would ensure specific financial needs are met even after you pass.

When to Update Your Coverage

But life insurance is not a one-time purchase. As your life changes, so too should your life insurance policy. That’s why it’s essential to review and update your coverage regularly. Here are a few key life events that should prompt you to reevaluate your life insurance needs:

• Getting married
• Having a baby
• Buying a home
• Getting divorced
• Starting a business
• Changing jobs
• Your children leaving home
• Retirement
• New health conditions

If any of these events have happened in your life recently, now is the time to update your life insurance policy. Contact us today for a free quote! Hanneken Insurance Agency Inc.’s team works with you to find the right coverage for your needs and budget. We can explain the options and how your life changes influence your policy.

Choose Hanneken Insurance Agency Inc. for Life Insurance

Don’t wait to update your life insurance policy. A life change can happen anytime, and your life insurance policy should reflect that change when it does. Hanneken Insurance Agency Inc. specializes in finding the right coverage for families in Little Falls, MN.

Most business owners assume that purchasing commercial insurance means their business and property are covered against all risks, which isn’t the case. Some risks aren’t covered, and it’s vital that you are aware of them. As a business owner in Little Falls, MN, the knowledge will enable you to implement best practices to mitigate excluded risks. The standard commercial insurance exclusions are:

1. Catastrophic Events

Risks of catastrophic events such as war and the effects of war aren’t covered under commercial insurance. For instance, if a war breaks out and an explosive damages your commercial property, your business property policy won’t cover the damage. However, you can get specialized commercial coverage for catastrophic events like earthquakes and flooding.

2. Equipment Maintenance Issues and Wear and Tear

Business equipment coverage is a necessity if you are utilizing any equipment in your business operations since it covers it from loss or damage. However, this coverage excludes equipment loss or damage resulting from maintenance issues and wear and tear. This means that risks that can be mitigated with regular maintenance, such as corrosion, rust, and insect infestations on your equipment, won’t be covered. This is why at Hanneken Insurance Agency Inc., we advise our clients to implement outstanding equipment maintenance practices.

3. Risks Against Public Policy

No commercial insurance covers risks against public policy such as violations of the law, crimes, and intentionally caused injuries. Threats against public policy are excluded because providing coverage might encourage people and commercial enterprises to violate the law. Therefore, if a company’s management intentionally commits fraud, commercial insurance won’t offer any coverage.

4. Refunding or Repairing Faulty Products

Most businesses also get product liability coverage, but this only covers bodily injury and property damage resulting from faulty products. It doesn’t cover the cost of refunding or repairing defective products.

Contact Hanneken Insurance Agency Inc. for more info on commercial insurance in Little Falls, MN.

If you seek life insurance in Little Falls, MN, it’s essential to familiarize yourself with the different life policy options available. This will enable you to get life insurance coverage sufficient to protect your family financially in case you die. Here are the basic types of life insurance policies. 

1. Term Life Insurance

Term life policy is arguably the most affordable life policy. It provides coverage for a limited period, typically 5 to 30-year spans. An annual renewable term life policy is usually renewed annually without proof of insurability; however, the premium may increase after every renewal. 

2. Permanent Life Insurance

A permanent life policy offers coverage for your entire lifetime. You will be required to pay premiums for this life policy for as long as you live. It also offers a “cash value” savings element. Under permanent life insurance, there is whole life insurance, universal life insurance, and variable life insurance. At Hanneken Insurance Agency Inc., we recommend you consult an insurance expert to determine which of the three permanent life insurance options best suit you. 

3. Final Expense Insurance

Final expense insurance is a life policy designed to cater only to the end-of-life expenses like funeral and burial costs. You will have to pay premiums for the final expense policy throughout your life, and it has no cash value/investment component. 

4. Group Life Insurance

Group life insurance can only be bought as part of a group, such as via a membership organization or your employee benefits package. This life policy is usually term; in most cases, it doesn’t provide sufficient financial protection to your family. This means that if you have group life insurance, it’s prudent to get additional life insurance life a permanent life policy. 

Contact Hanneken Insurance Agency Inc. for exceptional life insurance offers in Little Falls, MN.

Health insurance covers a range of services, from prescription drugs to preventative care. It may also cover specific surgery or other procedures, such as x-rays or blood tests. The insurance may also cover some types of therapy or medication and may provide coverage for certain covered expenses such as certain drugs, laboratory tests, and surgeries. 

It is important to note that while most health insurance plans cover a range of expenses, such as doctor visits and prescription drugs, they do not cover everything. The insurance caters to treatments, screenings, and costs associated with certain medical conditions. There are several different types of health insurance, but the most common ones are medical, pharmacy, and travel. 

Reimbursement Policies 

Some companies do not offer health insurance, so you may want to ensure you have the right benefits before you start work. Others provide a certain level of coverage, but only if you have a doctor or other healthcare provider listed on your health plan. Some offer a wide range of plans to choose the one right for you. Some will only pay for treatment.

Employers are required by law or policy to cover all employees. The requirement does not vary based on an employee’s age, but it does increase with age (and level of responsibility) in the employer’s brand. Many employers require health insurance as a condition of employment, but others choose to offer it as an option. 

Bottomline

Health insurance is a product that protects medical expenses. It can cover routine visits to the doctor, medication, and tests. The most important thing is to talk to a trusted professional and get the help you need when it comes to mental health. Contact Hanneken Insurance Agency Inc. in Little Falls, MN for more information on the insurance coverage.

Farm insurance protects against the financial loss of crops and livestock due to natural disasters such as severe storms and floods. Most insurance contracts cover these types of damage at no additional cost to the farmer, while some provide additional coverage specific to farm animals. Some insurance firms provide additional coverage specific to farm animals for the equipment and building, while others are solely for repairing damaged property. 

When is farm insurance required? 

Farm insurance is required by law in most U.S. states and foreign countries. However, some states do not require farm insurance. Many farmers do not require this cover because their land is not considered at risk of crop failure. However, if you operate a large farm, you may want to consider getting farm insurance to protect your assets should something happen to your farm. In addition to coverages like crop damage, farm insurance provides protection against other risks such as theft, fire, storm, and animals. You can learn from Hanneken Insurance Agency Inc., which serves Little Falls, MN. 

Farm insurance is essential whether you own a homestead or lease a farm. It may be necessary if you are considering buying a farm or selling your farm. Farm insurance can protect you against various risks such as hail, storm, flooding, wind, hail, or water damage on your farm. Farm insurance is also necessary if you breed livestock or grow crops on your farm. Even if you are not actively involved in farming, getting farm insurance is still a good idea. 

Bottomline 

Farm insurance can be expensive, but it is worth it because it protects your livelihood. Be sure to research farm insurance coverages before you buy a policy. Farm-related losses are common in agricultural and livestock-based industries. For example, crops are destroyed by bad weather, diseases kill livestock, and natural calamities like floods or storms destroy equipment. To protect your farmland and livestock from these losses, you need to purchase farm insurance. You can get this coverage from a farm insurer or your farmer’s insurance program. Keep in mind that the two types of insurance have different coverage limits. For example, a farm insurance policy may have a higher limit than a homeowner’s insurance policy. For help, reach out to Hanneken Insurance Agency Inc. in Little Falls, MN.