When you have a fleet of vehicles, protecting them is very important. Not only do you want to ensure they’re covered against damage and theft, but you also want to ensure your company is protected if a claim is made. The Martin Insurance Team can help if you’re in the Evergreen Park, IL, area and in need of a commercial auto policy to give you the security and peace of mind you’re looking for.

Our dedicated agents can work with you to get the right coverage you need for a single business vehicle or an entire fleet of them. No matter what kinds of vehicles you have for your company and how they’re being used, the right commercial coverage increases your peace of mind and helps you focus on other aspects of your business.

There’s no reason to settle for less than you deserve when you work with us to help ensure your vehicles’ safety and protect your employees and the others around them. Even if you already have a policy, reviewing it can help you move forward and focus on any changes that need to be made. It’s vital to make sure the policy on your company’s vehicles stays up-to-date so you always know you’re covered.

Contact us at Martin Insurance Team today if you’re in the Evergreen Park, IL, area and need a commercial auto policy. Whether you’re just starting up a new business, taking on more vehicles, or want to review or modify an established policy, having an agent to help is the right way to get everything done easily and conveniently. We can provide you with quotes from several insurers so you can choose what works for you.

Trucking companies in the Evergreen Park, IL area play a vital role in transporting goods across the country, but when handling hazardous materials, the stakes are higher. Accidents involving hazardous materials can result in significant environmental damage and pose severe risks to public health. Many trucking companies opt for environmental liability insurance to mitigate these risks, a crucial safeguard against unexpected ecological liabilities.

Understanding Environmental Liability Insurance

Environmental liability insurance is a specialized coverage designed to protect businesses, including trucking companies, from the financial consequences of environmental accidents. It covers costs related to pollution, contamination, and cleanup, making it an essential asset when transporting hazardous materials.

The Hazards of Hauling Hazardous Materials 

Trucking companies transporting hazardous materials face a range of potential risks. Chemical spills, leaks, and accidents can lead to soil and water contamination, air pollution, health hazards, legal liabilities, regulatory fines, and cleanup expenses. Environmental liability insurance provides financial protection in these situations.

Compliance with Regulatory Standards

Transporting hazardous materials is subject to strict regulatory standards, and non-compliance can lead to severe penalties. Environmental liability insurance often includes coverage for fines and penalties related to environmental violations. This safeguards your financial well-being and encourages adherence to safety and environmental regulations.

Investing in Safety

While environmental liability insurance provides essential protection, it should not be considered a substitute for safety measures. Trucking companies must prioritize safety training, handling procedures, and equipment maintenance. Environmental liability insurance is a vital safety net, but proactive risk management is equally crucial.

Martin Insurance Team Can Help You

At Martin Insurance Team, we can help answer questions concerning trucking insurance. We serve the following areas: Cape Coral, Bonita Springs, Naples, and Evergreen Park, IL. Contact us today.

Nobody plans on becoming disabled. If this happens to you or a loved one, you need a backup plan to get the help you need to meet your financial needs. Martin Insurance Team can help you learn how to protect your income if you live in or around Evergreen Park, IL. 

Who Can Take Advantage Of Disability Insurance?

It is essential to know if you are eligible to take advantage of disability insurance. Anyone between 18 and 61 who works at least 30 hours per week should have disability protection. If you qualify for the insurance and become disabled, your coverage should replace between 50 and 70% of your wages.

How Is Disability Determined?

Here are the questions that will help determine if someone is, in fact, disabled:

1. Are you working? If you are working, how much are you earning? The normal standard is "substantial gainful activity," or SGA. If you make more than the current limit, you will not be considered disabled.
2. Is your condition severe, and has it lasted at least 12 months? To qualify under this step, your condition severely limits your activities. The activities may include lifting, standing, or remembering, depending on your position.
3. Is your condition in an accepted list of disabling conditions? 
4. Can you do the job you did before you developed your current condition? 
5. Are you able to do another kind of acceptable work? You may still be able to earn a living doing something else.

Don’t leave yourself unprotected. Dealing with a disability is hard on you and your family, even without considering your loss of income. If you live in Evergreen Park, IL, call Martin Insurance Team and find a plan that meets your needs. 

With the right health insurance policy, you can stay healthy without experiencing financial problems. Consumers in Evergreen Park, IL can get their health insurance coverage from Martin Insurance Team.

When you buy health insurance, it’s important for you to know about all the most important health insurance policy features. Here are four of the best features that a health insurance policy can offer. 

Prescription drug coverage

Some prescription drugs are expensive and could strain your budget if you have to pay for them out of pocket. It’s best to purchase a health insurance policy that will cover the costs of any prescription drugs your doctor prescribes. 

Preventive care coverage

It’s essential that you get all recommended preventive care so that you can avoid illness. Fortunately, preventative care is one of the most basic types of care for which health insurance policies usually provide coverage. 

Out-of-pocket maximum

The out-of-pocket maximum is the most that you will have to pay for medical care costs within a given policy term. A low out-of-pocket maximum can help ensure that the health care you need will be affordable if you end up with a severe medical condition requiring expensive treatment. 

Provider options

Make sure that you check your health insurance policy details and find out if you can use coverage for treatment from your preferred healthcare provider. Health insurance policies typically specify where you can go for coverage, so you need to look into health insurance provider options on the policies you consider. 

Getting quotes from health insurance providers to find the right coverage options would be best. At Martin Insurance Team, we’re here to provide policy quotes and health insurance information to consumers in Evergreen Park, IL. Get in touch with us now for a quote on a policy!

When shipping goods, risks like accidents, theft, and natural disasters can jeopardize your cargo. Transportation insurance, or cargo or freight insurance, acts as a safety net for your business investments. Here’s some information about this product from Martin Insurance Team, which provides transportation insurance in the greater Evergreen Park, IL region. 

Understanding Transportation Insurance

Transportation insurance protects your goods during transit via land, sea, air, or rail. Its primary purpose is to offer financial protection if your cargo is lost or damaged.

When to Consider Transportation Insurance

1. High-Value Cargo: Transportation insurance is vital to avoid significant financial losses if your shipments contain costly items like electronics or luxury goods.

2. Long-Distance Shipping: The risk of accidents and unforeseen events increases for international or lengthy journeys, making insurance crucial.

3. Fragile or Perishable Goods: Delicate or perishable products are more prone to damage or spoilage during transit, making insurance a wise choice.

4. Unpredictable Routes: If your shipments pass through regions with uncertain conditions, like extreme weather or political instability, insurance helps mitigate risks.

5. Legal Requirements: Some shipments, such as hazardous materials, may require transportation insurance due to legal mandates.

6. Customer Expectations: Many customers expect suppliers to have transportation insurance in place, which can enhance their reputation and competitiveness.

Transportation insurance is an essential tool for safeguarding your business interests. While it may raise shipping costs, the peace of mind it provides and protection against unexpected events make it a worthwhile investment for logistics and shipping businesses. Don’t wait until disaster strikes; consider transportation insurance today to secure your shipments and business. Contact the Martin Insurance Team today if you want to learn more about transportation insurance in the greater Evergreen Park, IL area. 

As a business owner, you need to know how important it is to choose the right commercial insurance option. At Martin Insurance team, we’re here to provide quality coverage to businesses in Evergreen Park, IL.

The following are four common mistakes business owners sometimes make when buying commercial insurance. 

Being unaware of all the types of coverage that are available

A commercial insurance policy can contain numerous coverage types like liability, property, vehicle, business interruption, and workers’ compensation coverage. Ensure you know which insurance types you need before buying a policy. 

Thinking that the least costly policy is the best one for your company

You shouldn’t only look at premium costs when deciding which insurance coverage option to invest in. You should also consider the amount of coverage you’re getting, the reputation of the insurance provider in question, and numerous additional factors before you choose your policy. 

Neglecting to explore coverage options from numerous providers

It would be best to compare options by getting policy quotes from a few different commercial insurance providers. This way, you can find select a commercial insurance provider that is competitively priced and offers optimal coverage for your company’s needs. 

Failing to update your commercial insurance policy as time goes on

Your commercial insurance needs can change if your company grows or starts additional business activities. That’s why you should periodically update your commercial insurance policy and ensure all your insurance needs are still being met. 

Call us or visit us online to get a quote on a commercial insurance policy for your business in Evergreen Park, IL. Learn more about our policy options at Martin Insurance Team so that you can get your business covered!

If you are a business owner, cyber insurance may be something you should consider purchasing. However, many businesses have never heard of this insurance product and, as such, have no idea what it is and how it may benefit them. At Martin Insurance Team, serving the greater Evergreen Park, IL region, we want to help you learn more about cyber insurance. Read on to get started. 

What Is Cyber Insurance?

Cyber attacks can be costly. If you suffer a data breach, you may have to pay for credit monitoring services for all of your clients or customers’ information that was impacted by the breach. Additionally, you may have to pay to upgrade your security after that happens. If you suffer a ransomware attack, you may have to pay a large amount of ransom to get your protected information back. And there are other types of cybersecurity incidents, including malware attacks, can negatively affect your business. Cyber insurance helps to offset the costs related to these types of cyber attacks. 

Who Can Benefit From Cyber Insurance? 

These days, nearly every business has some protected information that is being stored. This may include personal customer information or protected business secrets. If you have information that is being stored in a cloud or network, you can benefit from purchasing cyber insurance. 

Cyber insurance is designed to protect your business against any losses it may have suffered as a result of cyber attacks. If your business has a protected network or protected data, you could benefit from cyber insurance. If you want to learn more about this product or wish to obtain a quote, Martin Insurance Team, serving the Evergreen Park, IL area, would love to assist you. Reach out to us today to get started. 

As a business owner in Evergreen Park, IL, you must be aware of the potential risks of serving alcohol at your establishment. Liquor liability insurance is essential to protect your business from the financial and legal consequences of alcohol-related incidents.

Liquor liability insurance is crucial for establishments that serve or sell alcohol, such as bars, restaurants, and liquor stores. This type of insurance can cover your business if it is held responsible for damages or injuries resulting from the actions of intoxicated patrons. For example, if a customer leaves your establishment after consuming alcohol and causes a car accident or assaults someone, your business could be held legally liable for the damages.

In Evergreen Park, IL, liquor liability insurance is not just a wise business decision – it is often required by law. Many states, including Illinois, have dram shop laws that can hold businesses accountable for the actions of intoxicated patrons. Ensuring that your business has adequate liquor liability coverage can help you comply with these regulations and protect your business from potential lawsuits.

At Martin Insurance Team, we understand the unique risks associated with serving alcohol and are here to help you find the right coverage for your business. Our knowledgeable agents can guide you through the process of selecting a liquor liability insurance policy that meets your needs and complies with Illinois regulations.

By working with us, you can have peace of mind knowing that your establishment is covered in the event of alcohol-related incidents. If you have questions about liquor liability insurance or want to discuss your coverage options, don’t hesitate to contact us. We’re here to serve the businesses of Evergreen Park, IL, and help you safeguard your investment. Reach out to us today to discuss your liquor liability insurance needs.

As a business owner, you can’t afford to be unaware. It is your job to be educated on all of your many responsibilities concerning your employees. Worker’s compensation insurance is one of those areas you need to be an expert in. At Martin Insurance Team, serving Evergreen Park, IL, and the surrounding areas, we are here to ensure you always have the information you need to make smart insurance choices. Keep reading to learn more about worker’s compensation insurance. 

Required By Law

The state of Illinois requires all employers with at least one employee, whether full or part-time, to have worker’s compensation insurance. This is required by law to ensure that workers are not injured in the line of work and left unassisted. This would equate to a form of exploitation, so to protect the workers of Illinois, worker’s comp insurance is required by law. 

The Employer’s Responsibility 

It is of the employer to pay insurance premiums to provide this insurance coverage to their employees. Many employers like to consider this type of coverage as an employment benefit. However, this is not entirely true because all employers in Illinois are held to the same standard. Worker’s compensation insurance is not a special benefit your company offers to attract high-quality employees. This is just the company fulfilling its legal responsibility in Illinois. 

Consequences of Lack of Coverage

If business owners fail to comply with worker compensation guidelines, they could face fines and other consequences. In addition, if an employee is injured, you will be held liable for expenses that might arise from that injury. 

If you want to learn more about worker’s compensation insurance, please contact us at Martin Insurance Team, serving Evergreen Park, IL, and the surrounding areas. 

Having a significant retirement income is great. Legally avoiding taxes on a large retirement income is even better. The Martin Insurance Team in Evergreen Park, IL suggests five legal ways to protect your hard-earned dollars from the IRS and Illinois Department of Revenue when you retire.

Fund Your Roth IRA

There is no tax deduction for your contributions to your Roth IRA, but there are no taxes on the account’s growth. In 2023, you can contribute $6,000 a year into your Roth account if you are under 50 or $7,000 a year if you are 50 or older.

Contribute To a Roth 401(k) or Roth 403(b) 

Roth 401(k) or Roth 403(b) accounts are like a Roth IRA account in that investment growth, and withdrawals are tax-free. The difference is that you can contribute up to $20,500 a year, plus a $6,500 catch-up if you are 50 or older.

Municipal Bonds and Municipal Bond Funds

The interest you earn on municipal bonds is exempt from Federal income taxes. However, you may want to invest in municipal bonds issued outside of Illinois since municipal bonds issued in Illinois are included in your Illinois income.

Health Savings Accounts

Health savings accounts offer a triple whammy of tax avoidance. You get a deduction for the money you put into the plan. You don’t pay a tax on withdrawals. And you don’t pay a tax on the growth of your investment in the plan. However, it would be best if you had an appropriate health insurance plan to open an HSA. The Martin Insurance Team in Evergreen Park, IL can give you more information on your HSA.

Cash Value Life Insurance, the "Rich People Roth" Strategy

Have you maxed out your retirement contributions? Your answer may be a cash-value life insurance policy. You won’t get a deduction for your premiums, but you won’t pay taxes on the accumulated interest on your premiums, and you can get a policy that will pay you a fixed monthly income when you retire. Ask the Martin Insurance Team in Evergreen Park, IL for the details of the life insurance plan that will work for you!