Financial Insurance

Financial Insurance for a Secure Future

Protecting your financial future and that of your loved ones is essential, and our financial insurance solutions are designed to give you lasting security. From life insurance and annuities to coverage for key business partners, our offerings provide peace of mind for families and businesses alike. At Ground Up Insurance, we’re committed to helping you safeguard your legacy with reliable, personalized coverage.

Life Insurance

(Term, Whole, Universal)

Choose the right life insurance plan for your future needs, offering financial security to loved ones with flexible coverage options

Long-Term Care Insurance

Stay afloat when unforeseen events disrupt operations, with coverage that helps recover lost income and essential expenses

Annuities

Create a dependable income stream for retirement with annuities designed to provide lasting financial security and peace of mind

Key Person Life Insurance

Safeguard your business vehicles and drivers with coverage that protects against accidents, liability, and unexpected damages

Disability Income Insurance

Protect your income if illness or injury prevents you from working, ensuring your financial stability during recovery

Buy-Sell Agreement Insurance

Provide for your employees’ well-being with coverage for injuries or illnesses sustained while on the job

How much life insurance do I need?

At Ground Up Insurance, we help you determine how much life insurance is right for you. Generally, we recommend a coverage amount that will replace your income, cover outstanding debts, and help protect your loved ones’ future financial needs. Our team works with you to ensure that your life insurance aligns with your goals and gives your family peace of mind.
What does auto insurance cover, and how much do I need?

Auto insurance covers liability, property damage, and personal injury, but the coverage you need may vary. At Ground Up Insurance, we recommend enough coverage to meet your state’s requirements and protect you beyond the basics. This might include liability, collision, and comprehensive coverage to keep you and your vehicle safe, no matter what the road brings.
Does homeowners insurance cover flood or earthquake damage?

Most standard homeowners insurance policies do not cover flood or earthquake damage. However, we offer additional coverage options for these natural events. Our team can help you assess your property’s specific risks and add the necessary protections to keep your home secure.
Do I need renters insurance, and what does it cover?

Renters insurance is highly recommended to protect your personal belongings from unexpected events like fire, theft, or water damage. It also provides liability coverage if someone is injured in your rented space. Ground Up Insurance can set you up with a renters policy that covers what matters most to you and fits your budget.
What is liability insurance, and why do I need it?

Liability insurance is essential to protect you from financial loss if you’re held responsible for injury or property damage to others. It’s included in auto, homeowners, and renters insurance. Ground Up Insurance offers customized liability coverage to ensure you have the right protection against unexpected legal and financial risks.
Does disability insurance cover lost income?

Yes, disability income insurance is designed to protect a portion of your income if you’re unable to work due to illness or injury. Our team at Ground Up Insurance can help you explore disability insurance options that provide financial support, so you can focus on recovery without financial stress.
How does my medical history affect my health or life insurance premium?

Insurance companies consider factors like your health, age, and lifestyle when calculating premiums. At Ground Up Insurance, we work with trusted providers to find the best coverage based on your individual profile, ensuring you have access to quality health or life insurance at a fair rate.
What does commercial general liability insurance cover?

At Ground Up Insurance, commercial general liability (CGL) insurance covers your business if it’s held responsible for injury, property damage, or personal injury to a third party. This essential coverage is designed to protect your business from financial loss, legal fees, and settlement costs if incidents occur on your property or due to your operations.
Is business insurance required by law?

Yes, in certain cases. For example, workers’ compensation is required if you have employees, and commercial auto insurance is necessary for business-owned vehicles. Ground Up Insurance can help ensure that your business is fully compliant with state and federal insurance requirements.
How is the cost of commercial insurance calculated?

The cost of commercial insurance depends on factors like the size and industry of your business, the type of coverage you need, location, claims history, and more. We’ll work with you to find competitive rates tailored to your unique needs, so you get optimal protection within your budget.
What is a Business Owner’s Policy (BOP), and do I need one?

A BOP combines general liability and property insurance into one convenient package for small to mid-sized businesses. It’s ideal for those who own commercial property or need basic liability protection. We can help you determine if a BOP is a smart choice for your business setup.
Why would my business need professional liability insurance?

Professional liability insurance, also called errors and omissions (E&O), protects your business against claims of negligence or failure to meet professional standards. This coverage is essential for businesses offering specialized services or expertise, as it helps protect against costly lawsuits.
What does cyber liability insurance cover?

Cyber liability insurance provides financial support if your business experiences a data breach or cyberattack, covering recovery costs, legal fees, and client notification expenses. In today’s digital age, we highly recommend this coverage for businesses that store client data or conduct operations online.
Is business insurance tax-deductible?

Yes, in most cases. Insurance premiums for commercial policies like liability, workers’ compensation, and property insurance are generally tax-deductible as a business expense. We can help clarify which of your premiums qualify for tax deductions, so you can maximize your savings.
How much life insurance coverage do I need?

Determining the right amount of life insurance depends on your financial goals, debts, income, and the needs of your dependents. At Ground Up Insurance, we help assess your unique situation to recommend the right coverage that will protect your loved ones and ensure peace of mind.
What are the different types of life insurance, and how do I choose?

Life insurance can be term, whole, or universal. Each type serves different goals, from temporary needs to long-term wealth building. We’ll guide you in selecting a plan that aligns with your financial objectives and budget, so you get coverage that evolves with you.
What are annuities, and how can they benefit me?

Annuities are financial products that provide a steady income stream during retirement. They can be a smart choice for securing predictable income and protecting against outliving your savings. Our team can explain the options and help you decide if an annuity fits your retirement strategy.
How does disability income insurance work?

Disability income insurance replaces a portion of your income if illness or injury prevents you from working. This coverage is vital for maintaining financial stability through unexpected events. Ground Up Insurance can help you explore policies that offer support when you need it most.
What is long-term care insurance, and do I need it?

Long-term care insurance covers costs associated with extended care, like nursing homes or in-home care. It’s an excellent option for those wanting to protect their assets while ensuring they have access to quality care. We’ll help you evaluate if it’s the right choice based on your health and future plans.
What is buy-sell agreement insurance?

Buy-sell agreement insurance funds ownership transitions if a partner or co-owner can no longer participate in the business. This insurance provides the necessary resources to facilitate a smooth transfer, protecting both the business and remaining partners. Ground Up Insurance can guide you in setting up a buy-sell policy that meets your needs.
What is key person life insurance, and why would my business need it?

Key person life insurance protects your business from financial loss if a vital team member passes away. It helps ensure continuity and covers the cost of recruiting or training a replacement. We’re here to help you identify if this policy is valuable for your business’s stability.
What is terrorism insurance, and do I need it?

Terrorism insurance provides financial protection for property and assets against damage resulting from terrorist acts. If your business is in an area or industry with heightened exposure, this coverage could be essential. At Ground Up Insurance, we can help you evaluate your risk and discuss whether terrorism insurance fits your needs.
What does film and entertainment insurance cover?

Film and entertainment insurance is tailored for the unique risks faced by the entertainment industry, covering production, equipment, liability, and more. If you’re in the creative field, our team can guide you through coverage options that help protect your projects and investments.
What is sports insurance, and who needs it?

Sports insurance offers coverage for injuries, liability, and events related to athletic activities. Whether you’re an organizer, coach, or athlete, Ground Up Insurance can provide options to keep your team and events covered, so you can focus on the game.
How does political risk insurance work?

Political risk insurance protects businesses from losses due to political events like expropriation, currency restrictions, or civil unrest. If your business operates internationally, we can help you secure coverage to mitigate risks associated with foreign markets.
What is trade credit insurance?

Trade credit insurance protects your business against non-payment by clients. It ensures you get paid even if your client defaults, helping secure your cash flow and business stability. Ground Up Insurance can help determine if trade credit insurance is beneficial for your business model.
What is kidnap and ransom insurance?

Kidnap and ransom insurance provides coverage for costs related to a kidnapping event, including ransom payments, crisis response, and recovery support. Businesses or individuals working in high-risk regions can benefit from this added protection, and we can guide you through the process.
Do I need event or wedding insurance?

Event and wedding insurance covers unexpected disruptions, cancellations, or liabilities that could impact your special event. This coverage helps protect your investment in a once-in-a-lifetime occasion. Ground Up Insurance offers event policies that ensure your big day goes smoothly.