Choosing between company health insurance and personal health insurance depends on your situation. Company health insurance, or group health insurance, is a policy an employer provides to its employees. This type of coverage typically comes at a lower cost than personal health insurance because the employer shares the cost of premiums with the employees. Additionally, since the insurer covers a large group of people, premiums tend to be lower than individual plans. Group health insurance is often comprehensive, including coverage for medical care, prescription drugs, dental, and vision benefits.

Employees generally have access to a set of pre-negotiated plan options, allowing them to select the coverage that best suits their needs. Many companies around Oklahoma City, OK also offer supplemental benefits, such as wellness programs, which can enhance the value of the coverage. The downside, however, is that employees have limited control over the selection of insurers and the details of the plan.

Understanding Personal Health Insurance

Personal health insurance is purchased individually and is not tied to employment. This option gives you more freedom to choose your insurer and the specific coverage options that meet your personal or family needs. Self-employed individuals between jobs or whose employers do not offer health insurance often turn to personal health insurance plans.

While personal health insurance offers flexibility, it usually comes at a higher cost because no employer can share the premium burden. Moreover, the plans can be less comprehensive than company-provided policies, and you are solely responsible for managing and paying for the coverage.

Freeland Insurance For Better Understanding of Insurance

Freeland Insurance offers all of the information you need to get insurance. Our agency serves locations in and near Oklahoma City, OK. Call today.

When planning for your future, it may not be pleasant to think about how you will pass away someday. However, thinking about it can lead to thoughts of how to provide for the needs of those you leave behind. If you live near Oklahoma City, OK, you can learn more about life insurance at Freeland Insurance.

If you want to be sure the funds from your insurance policy are distributed as you choose, let your beneficiary know they are named on your policy. To ensure the beneficiary will be contacted after your death, update their address with the insurance company, if necessary. If a beneficiary passes away before you, choose another beneficiary as soon as possible.

Unclaimed Life Insurance Benefits

According to the Oklahoma Insurance Department, they become aware of millions of dollars in life insurance benefits that remain unclaimed yearly. The NAIC National Association of Insurance Commissioners) has established the Life Insurance Policy Locator. That program assists the State of Oklahoma in locating the recipients of these funds. 

Since 2019, the Policy Locator has located and awarded funds of over $94,700,000 to over 4,800 beneficiaries. The Locator is a free online service offered by the Oklahoma Department of Insurance. If you believe you may be entitled to unclaimed insurance benefit funds, you can do so via the Oklahoma Department of Insurance website.

Call Freeland Insurance for Oklahoma Life Insurance Options

Choosing a life insurance plan isn’t always easy. At Freeland Insurance, we’ll take the time to explain your policy options and help you make decisions about beneficiaries. Oklahoma City, OK, residents can trust us to offer them the best possible coverage at a premium price that most can afford. Call us for an appointment today, and let’s talk about insurance.

Acquiring commercial coverage will protect your franchise from accidental damage and theft. The coverage will also protect you if you are held responsible for an accident at your business.

The Building

Schedule an appointment to have your franchise inspected. The condition of the building that you own will help to determine the overall value of your business.

During an inspection, you will be advised about necessary repairs. Keeping your franchise in the best possible condition will minimize the risk of damage, theft, or injuries at your place of business.

An Inventory

Inventory the furnishings, electronics, and other items you use during normal business operations. It can be beneficial to have a list you can review on your own time.

Once you have taken an inventory, decide which items you want to add to your commercial insurance policy. Valuable items should be considered a priority, and each should be listed in your commercial insurance policy.

Risk Factors

If your building is not secure, your place of business is at risk of being broken into. Identify any risk factors which may necessitate the installation of security equipment.

Assess the location of your franchise as well. If your business is located in a high-traffic area, you may consider acquiring substantial commercial insurance coverage.

More Help

Now that you have reviewed some insurance guidelines, please schedule a consultation with one of our Oklahoma City, OK agents. An agent representing Freeland Insurance will prepare insurance documents for your new franchise.

As a financial services professional, you shoulder an enormous responsibility. Offering your clients security, value, and peace of mind is crucial. Equally crucial is protecting yourself while doing so, which is where financial services insurance becomes invaluable. If you’re operating in the Oklahoma City, OK area, our team at Freeland Insurance can assist in securing a policy that addresses your needs and provides optimal coverage for your company.

As you explore options, consider asking these four important questions:

• Is this insurance necessary for all financial service professionals?
• What kinds of policy options are available?
• How frequently should a policy be updated?
• Who can address my inquiries or concerns?

These questions provide a good starting point for learning about insurance options for financial services professionals. Remaining insured and protected is invaluable and brings peace of mind, allowing you to concentrate on assisting your clients on their financial journeys.

Working with our committed agents is ideal when you need answers and want to pick or update a policy. Whether you have just embarked on your career in the financial services sector or have been in the game for a while, securing a reliable insurance policy is of utmost importance.

You don’t have to pick a plan and hope it fits your needs. We can guide you by providing quotes from multiple insurers and helping you choose the best option.

If you’re in the Oklahoma City, OK, area and seeking financial services insurance, contact Freeland Insurance today. We’re committed to ensuring you’re well-protected and enjoy peace of mind.

The Importance of Robust Liability Coverage with Umbrella Insurance

Residents and businesses in Oklahoma City, OK need robust liability coverage to protect against potential financial and legal issues. Our team at Freeland Insurance is here to help you find suitable umbrella insurance policies and guide you in making informed decisions to minimize risk.

Why You Need Umbrella Insurance

Addressing your company’s liability is crucial, especially if your operation involves hazardous work fields. An umbrella insurance policy can offer an additional layer of liability protection and safeguard from the following:

• Additional liability concerns: Your other coverage might not cover everything, but umbrella insurance fills in the gaps.
• Lawsuits: Regardless of the nature of lawsuits, you’re likely to need umbrella protection to cover any incurred fees.
• High medical payments: If an injured person’s medical expenses are mounting, umbrella insurance can aid your business.
• Property Damage Costs: Excessive property damage caused by your business or actions is less daunting with an umbrella policy that covers replacement costs.
• Class Action Lawsuits: Large-scale class action lawsuits could threaten your financial health without the proper liability protection offered by umbrella insurance.

Note: For an umbrella insurance policy to take effect, it must be purchased separately; it doesn’t simply add on to your current policy but stands as its own form of coverage.

Freeland Insurance is Here for You

If you’re a resident of Oklahoma City, OK, and need umbrella insurance for your home or business, contact us at Freeland Insurance today to learn more about your options. We have years of experience in this field and will do everything possible to provide the support you need to protect yourself from lawsuits.

Property owners in the Oklahoma City, OK, area face a critical decision in flood insurance: opt for the National Flood Insurance Program (NFIP) or explore private flood insurance options. Understanding the distinctions between the two is crucial for making an informed choice that aligns with individual needs.

Coverage Flexibility and Customization

One notable advantage of private flood insurance is the flexibility it offers. While NFIP has standardized coverage limits, private insurers provide room for customization. Property owners can tailor policies to meet specific needs, ensuring comprehensive coverage for both structural and personal property.

Competitive Pricing and Discounts

Private flood insurance often comes with competitive pricing structures, and property owners may find cost savings compared to NFIP premiums. Additionally, private insurers may offer discounts. This potential for savings can be appealing to those seeking budget-friendly options.

Expanded Coverage Options

Private flood insurance policies may go beyond the coverage limits of NFIP. This can include coverage for additional living expenses during displacement, landscaping, and outdoor amenities. Property owners looking for a more comprehensive protection plan may find private insurers better suited to their specific requirements.

Faster Claims Processing

In the event of a flood-related claim, private insurers often boast quicker claims processing times compared to the NFIP, primarily due to geographical locations. This efficiency can be crucial for property owners seeking prompt resolution and rebuilding after a flood event.

Consideration of Individual Risk Profiles

Private insurers assess individual risk profiles more intricately, considering factors such as property location, flood history, and mitigation efforts. This personalized approach enables property owners to obtain coverage that accurately reflects their unique risk circumstances.

How Freeland Insurance Can Help You

At Freeland Insurance, we can help answer questions concerning flood insurance. We serve the Oklahoma City, OK, area. Call us today.   

Suppose you’re looking at your health insurance coverage and wondering when and if you should change it; a new year can be the perfect time. At Freeland Insurance, we want to help everyone in the Oklahoma City, OK, area get the quality healthcare policies they need and deserve. You don’t want to avoid having a health policy because you could face serious difficulties in the event of a medical problem. Fortunately, we can help you get the coverage you need.

Many health plans renew at the first of the year, but there are generally options for renewal into January and beyond. Additionally, certain qualifying events make it easier for you to get coverage even if you’re not in a period of open enrollment. Determining the level of coverage you need and which company would be best for you can feel confusing, but our agents are here to sort through any questions or concerns you have.

Then, you can get the answers you need to make an informed decision and have more peace of mind. There’s no reason to settle for less when you can get so much more by working with us for your healthcare coverage needs. The new year is the right time to assess your current coverage and whether it’s meeting your needs. Even if you’ve had the same policy for a long time, that doesn’t necessarily mean it’s right for you.

Contact us at Freeland Insurance today if you’re in the Oklahoma City, OK, area and looking for health insurance updates or an entirely new policy. Whether you have coverage now or need to get started, we’re here to make things easier.

If you’re in the financial services sector, you need to have the right insurance for proper protection, and Freeland Insurance is here to help. In the Oklahoma City, OK, area, there are a lot of companies and individuals providing services like investing and risk consulting. For many of those careers, you’ll need financial services insurance. Here are four of the biggest questions to ask your agent before you make your policy choice.

1. Does My Company or Business Require This Insurance?

Most businesses in the financial services industry will need this kind of protection. If you work for one, you may not have to get your own policy. It could be provided by your employer, instead. It’s best to clarify that with your company because you don’t want to leave yourself vulnerable to risk.

2. How Does This Protect Me?

This kind of policy protects you from any errors or omissions you make while working with clients in the financial sector. That way, you’re not personally liable if you make a mistake that affects the financial health of one of your clients. Your insurance policy will protect you.

3. Are There Different Coverage Options?

There are different coverage types and limits, and what they protect against will be at least partially based on your specific job title and the kind of company you work with. Because it’s very important to get the correct type of coverage, working with an agent is the best choice.

4. How Often Should I Update My Policy?

Most agents want you to update your insurance policies once per year or anytime you have a significant life event. If you’re in the Oklahoma City, OK area and need help with a financial services insurance policy, contact us at Freeland Insurance today.

Planning and executing events in the Oklahoma City, OK area requires meticulous attention to detail, creativity, and a keen sense of organization. Umbrella insurance is crucial, providing additional protection to ensure a seamless celebration.

Understanding the Role of Umbrella Insurance

Umbrella insurance is liability coverage that exceeds the limits of traditional insurance policies. For event planners, it acts as a safety net, offering extra financial protection against unexpected events that could result in litigation.  

Coverage for Third-Party Injuries

Events often involve numerous attendees, vendors, and staff, increasing the potential for accidents. Umbrella insurance addresses:

• Bodily Injury Claims: Provides coverage for medical expenses and legal costs if someone is injured during the event.
• Property Damage Claims: Protects against damage to venues or third-party properties caused by the event.

Protecting Against Legal Liabilities

Event planners may face legal challenges stemming from various scenarios. Umbrella insurance addresses:

• Libel or Slander Claims: Offers protection if event-related communications lead to defamation claims.
• Advertising Liability Claims: Covers legal expenses related to advertising disputes or infringement allegations.

Enhancing Coverage for Comprehensive Protection

Umbrella insurance is designed to complement existing liability coverage. Event planners can customize their coverage to:

• Increase Liability Limits: Extends coverage beyond the limits of primary insurance policies.
• Fill Coverage Gaps: Addresses specific liability risks that standard policies may not fully cover.

Navigating Event-Specific Risks

Different events pose unique risks, and umbrella insurance can be tailored to address specific challenges:

• Alcohol-Related Liabilities: Provides coverage for incidents involving alcohol consumption during events.
• Vendor Disputes: Protects against legal challenges arising from disputes with event vendors.

Freeland Insurance Can Help You

At Freeland Insurance, we can help answer questions concerning umbrella insurance. We serve the Oklahoma City, OK area. Contact us today.