How to Figure Out Which Commercial Insurance Products Would Most Benefit Your Business

Posted on September 30, 2025September 22, 2025 by admin

Choosing the right commercial insurance can be challenging, especially when faced with numerous coverage options and policy types. Every business has unique risks and exposures that require customized protection strategies. At August Vincent Insurance Agency, serving Crystal Lake, IL, we assist business owners in navigating this complex decision by focusing on practical risk assessment and coverage prioritization.

Start With a Comprehensive Risk Assessment

Evaluate your business operations to identify potential exposures that could lead to financial losses. Consider property risks, such as fire or theft, liability exposures from customer interactions, and operational risks, including key employee loss or supply chain disruptions. Document these risks and estimate their potential financial impact to prioritize which coverage types require immediate attention versus those that can be addressed later.

Evaluate Your Industry-Specific Needs

Each industry faces unique challenges that demand specialized coverage. For example, restaurants often need product liability and liquor liability insurance, while tech companies may prioritize cyber liability and errors and omissions coverage. Research common claims within your industry and consult with other business owners about their insurance experiences. This insight can help you identify coverage gaps you may not have considered.

Consider Your Budget and Growth Plans

Balance your current financial capacity with your business growth projections when selecting coverage limits and deductibles. While higher deductibles can lower premiums, they require sufficient cash reserves. Additionally, consider how your insurance needs may evolve as you expand locations, hire employees, or introduce new products. Building relationships with experienced agents ensures your coverage adapts to your business’s changing needs.

Make Informed Coverage Decisions

You don’t have to navigate commercial insurance decisions alone. Expert guidance is available to help you make informed choices. Contact August Vincent Insurance Agency, serving Crystal Lake, IL, today to discuss your specific business risks and create a comprehensive insurance strategy.

Prepare A Commercial Insurance Plan for A Small Business

Posted on September 30, 2025September 22, 2025 by admin

Preparing a comprehensive commercial insurance plan is essential for protecting your business and its assets. Consider the following factors when creating your plan.

Vehicle Coverage

If your business utilizes vehicles, liability protection for each vehicle in your fleet is crucial. Additionally, you may want to safeguard these vehicles against collisions, damage, and theft. The specific type, value, and usage of each vehicle can influence the commercial insurance coverage required.

Business Premises Insurance

The nature of your business and the goods or services you provide can affect the likelihood of accidents, injuries, or criminal activity at your premises. If your company holds significant value, your risk level may increase. Conduct a thorough evaluation of your facility and identify the items you wish to include in your commercial insurance policy.

Operational Coverage

Your business operations can impact the type of commercial insurance coverage you need. For example, operating heavy machinery or handling hazardous substances may increase risks for you and your employees. Assessing your business operations will help you identify areas of risk and compare various commercial insurance products effectively.

Insurance Agent Services

An insurance agent from August Vincent Insurance Agency is available to assist you. Our agents, serving Crystal Lake, IL, can answer your questions about commercial insurance products and provide valuable advice on obtaining adequate insurance protection.

Does Umbrella Insurance Cover Libel and Slander?

Posted on August 29, 2025August 20, 2025 by admin

The most well-known benefit of umbrella insurance is that it increases the liability coverage provided by home, renters, and auto policies. However, it also insures against additional types of legal claims that your original policy might not cover. These often include issues like privacy invasion, false arrest, and defamation.

Slander vs. Libel

While slander refers to spoken statements, libel involves written or published harmful information. Libelous material can appear on the internet, in signs, in newspapers, or other printed publications. Both slander and libel are forms of defamation, and umbrella insurance typically covers them, with certain exceptions. Even when a negative statement is true, proving it can be difficult.

Could It Happen to You?

Unfortunately, it’s easier than ever to make defamatory statements that could result in a lawsuit. Social media networks, online forums, and business review websites allow users to post negative comments instantly. Even if you don’t use these platforms, you could unknowingly repeat false information or exaggerate someone’s faults in a moment of anger.

Types of Insurance

Regular home or renters insurance may or may not cover defamation in Crystal Lake, IL. Some insurers offer this coverage as an optional rider. Even if your existing policy includes protection against slander and libel lawsuits, you could still benefit from umbrella insurance. It increases the coverage limit for defamation claims and can help cover legal defense costs, regardless of the verdict.

If you’d like to benefit from the protection offered by an umbrella policy, talk to the experts at August Vincent Insurance Agency. Our independent agents will help you compare coverage options and find the right policy for your needs. To get started, please call 847-217-2184 to reach the August Vincent Insurance Agency office in Crystal Lake, IL.

Has Your Homeowners’ Insurance Been Canceled?

Posted on July 31, 2025July 21, 2025 by admin

If you buy a home, protecting your investment with homeowners’ insurance is essential. Many real estate loan companies require prospective homebuyers to purchase homeowners’ insurance as part of the loan approval process. If your home is in Crystal Lake, IL, our team at the August Vincent Insurance Agency is here to discuss your insurance options. Since 2016, we’ve been helping homeowners like you find the right coverage.

Has Your Insurance Been Canceled?

According to the Illinois Department of Insurance, during the first 60 days of your policy, your insurance agency has the right to cancel your coverage for any reason. For example, if your premium check is returned due to insufficient funds, your agency can cancel the policy. After the first 60 days, your agency can only cancel your insurance for specific reasons.

These reasons include failure to pay your policy premium by the due date or obtaining insurance through misrepresentation. However, an insurance agency cannot cancel your policy simply because you’ve filed a claim for damages. If your agency decides to cancel your policy, it must notify you in writing, providing the reason for cancellation. You also have the right to appeal the cancellation.

Call Us for Your Appointment Today

At the August Vincent Insurance Agency, we are committed to working hard on your behalf. Our team is committed to delivering exceptional client support and customer service. Homeowners in Crystal Lake, IL, trust us for insurance education and personalized assistance to help protect their assets. Contact us today to schedule an appointment and let us help you find the best insurance options tailored to your needs.

The Other Driver Has No Insurance. Now What?

Posted on June 30, 2025June 18, 2025 by admin

Driving in Crystal Lake, IL, can be an enjoyable experience, whether you’re exploring the city, commuting to work, or heading out on an adventure. However, accidents can happen unexpectedly, and the situation becomes even more complicated if the other driver admits they don’t have insurance. What should you do in this scenario?

At August Vincent Insurance Agency, our goal is to ensure you’re protected and have nothing to worry about.

Driving Without Insurance

Driving without insurance is illegal, and the police will handle uninsured drivers with fines or even imprisonment. However, this doesn’t help you file a claim with their insurance company, because they don’t have one.

This is why you can’t rely on others to provide coverage in every situation. It’s essential to have a policy that protects you, regardless of the circumstances.

Why Uninsured Motorist Coverage is Needed

When purchasing auto insurance in Crystal Lake, IL, you must meet the state’s minimum liability coverage requirements. However, going beyond the minimum is highly recommended.

Uninsured motorist coverage is an optional but valuable addition to your policy. It protects you in the unfortunate event that the other driver doesn’t have insurance. With this coverage, you can file a claim with your own insurance company to cover damages the uninsured driver would have been responsible for, including property damage and personal injuries.

While you can choose to pursue the uninsured driver for out-of-pocket expenses later, having the right insurance coverage ensures you’re protected in the moment.

Get the Coverage You Need

Every time you get behind the wheel, you must be prepared for the unexpected. At August Vincent Insurance Agency, our agents can help you build a policy that covers all scenarios, including accidents involving uninsured drivers.

How Commercial Insurance Protects Against Liability

Posted on May 30, 2025May 27, 2025 by admin

Running a business always involves some degree of risk, no matter the industry or size. A customer slipping on a wet floor, a product that malfunctions, or a disgruntled client taking legal action—any of these could result in costly liability claims. When those claims arise, the financial fallout can be overwhelming without a solid plan in place, one of the reasons you need August Vincent Insurance Agency serving Crystal Lake, IL.

Coverage That Works in the Real World

That’s where commercial insurance steps in. A general liability policy typically covers injuries, property damage, and certain legal disputes tied to advertising or reputational harm. Businesses offering advice or professional services may also need errors and omissions insurance to guard against mistakes that lead to client losses.

Many policies are customizable. A construction company might add specific coverage for job-site accidents, while a retail store could benefit from protection related to customer interactions. The goal is to match the insurance to the risks your business is actually exposed to, not just the basics.

Beyond Legal Requirements

Some business owners only think about insurance because it’s required by a landlord or contract. But its real value lies in the financial and operational stability it provides. With the right coverage, a company can pay legal bills, settle claims, and move forward without draining its cash reserves or stalling its operations.

Make Insurance Part of Your Business Plan

Lawsuits and liability issues can appear without warning. Once they do, the time to prepare has passed. A well-designed insurance strategy won’t stop problems from occurring, but it can help you survive them. Speak with someone at August Vincent Insurance Agency serving Crystal Lake, IL, who understands your line of work, and take steps now to protect what you’ve built. Your business deserves that level of care.

What Umbrella Insurance Covers That You Might Not Expect

Posted on April 30, 2025April 22, 2025 by admin

Umbrella insurance often feels like an "extra" policy that people assume they’ll never need—until something unexpected happens. At August Vincent Insurance Agency, providing commercial insurance throughout the greater Crystal Lake, IL area, we often find ourselves explaining how umbrella coverage goes far beyond just protecting against major lawsuits. In fact, there are a few surprising things it can cover that most people don’t realize.

Covering the Gaps: Beyond the Basics

Most people know that umbrella insurance kicks in when your auto or homeowners liability limits have been maxed out. But what’s less known is just how flexible this coverage can be. For example, if you’re sued for defamation—say, something you posted online that someone claims damaged their reputation—umbrella insurance can help cover your legal costs.

Protection While Traveling Abroad

Here’s another unexpected perk: umbrella policies often provide coverage when you’re outside the U.S. Suppose you’re vacationing overseas and accidentally cause injury or property damage—your umbrella policy could help protect you. It’s not just about big lawsuits at home; it’s about extra security wherever life takes you.

Volunteer Work and Rental Properties

If you volunteer with a local organization or coach a kids’ sports team, you might be surprised to learn you could be personally liable if something goes wrong. Umbrella insurance may also help. And if you own a rental property, this type of policy can add a crucial layer of protection against tenant-related claims.

At August Vincent Insurance Agency, proudly providing insurance solutions throughout Crystal Lake, IL, we’re here to answer your questions and help you explore whether umbrella insurance is the right fit for your lifestyle. Give us a call today and let’s talk about coverage that goes the extra mile.

How to Prevent Slip and Fall Fraud Schemes

Posted on January 27, 2025January 24, 2025 by admin

You have commercial insurance to be covered in case you get sued. However, what happens if the person suing you is as in the wrong as they can be? It is common for some unscrupulous people to attempt a money-making scheme where they pretend to have an accident at someone’s place of business and sue them. They spill some liquid or drop small objects on the floor and pretend to fall over it. There are ways to protect your business against this kind of fraud.

Know It When You See It

Name: August Vincent Insurance Agency
Address: 1145 Mitchell Ct, Suite 216, Crystal Lake, IL, 60014
Telephone: 847-217-2184

The first step to avoid being taken by a falling fraudster is to recognize the signs of a fake injury claim. When someone is genuinely hurt, their first instinct is to treat the injury. If they want to skip right to blaming you, something’s up. Failure to provide medical records is also pretty fishy. It also looks bad if they’ve sued someone for similar reasons in the recent past. They may know where all your surveillance cameras are and deliberately act just out of their sight. There is plenty of video surveillance, some of it hidden. Don’t be fooled by eyewitnesses. They could be in cahoots with the tripper. Tell your insurance company if you suspect a fraudulent claim is being made against you. They will work with you against this.

Contact August Vincent Insurance Agency in Crystal Lake

If you need commercial insurance in the Crystal Lake, IL, area, please contact August Vincent Insurance Agency. Our well-versed and considerate agents are dedicated to finding you the best policy.

The Connection Between Personal Umbrella Policies and Pet Ownership

Posted on December 23, 2024December 20, 2024 by admin

Pets bring so much joy to our lives with their wagging tails, playful energy, and unconditional love. But as any pet owner knows, they also come with responsibilities—and sometimes risks. At August Vincent Insurance Agency in Crystal Lake, IL, we often talk to pet parents who are surprised to learn how a personal umbrella policy can offer crucial protection against unexpected situations involving their furry friends.

Pets and Liability: What You May Not Realize

While you may see your dog or cat as a beloved family member, the law often sees them differently. If your pet causes harm to someone—whether it’s a dog bite, a scratch, or even knocking someone over—you could be held liable for medical bills, legal fees, and other damages. Even well-trained pets can have bad days or react unpredictably in certain situations, which makes liability a real concern.

Standard homeowners or renters insurance may cover some liability, but coverage limits can quickly be exceeded if the situation escalates. That’s where a personal umbrella policy comes in.

How a Personal Umbrella Policy Protects Pet Owners

A personal umbrella policy provides an additional layer of liability protection that goes beyond the limits of your standard insurance. If your pet is involved in an incident that results in a lawsuit or significant medical costs, umbrella coverage can help protect your savings and assets. It’s an affordable way to gain peace of mind, especially for pet owners who understand that even the sweetest pets can have unpredictable moments.

If you own a pet, don’t wait to learn more about personal umbrella policies. Contact August Vincent Insurance Agency in Crystal Lake, IL, to explore how this added protection can keep you and your furry friends covered.

Home Insurance and Pets: How It Works

Posted on November 25, 2024November 22, 2024 by admin

Did you know that many home insurance policies have clauses regarding pets? It’s easy to overlook, but understanding the relationship between home insurance and pets is important to know your coverage. So, if you’re in Crystal Lake, IL, we at August Vincent Insurance Agency have some tips for you.

Property

If a pet damages your home, is that covered?

In most cases, no. In fact, damage from "animals" (including wild animals and pets) is a common exclusion from home insurance policies. Every policy is different, so you can see if such coverage might be available, but it is very uncommon. In most cases, pet-caused damage isn’t covered by insurance — whether it’s a home policy or anything else.

People

This is the primary purpose of home insurance as it relates to pets. If a pet causes harm to a person, there are medical bills and liability issues. Home policies can cover these instances, but they aren’t necessarily standard.

The classic example is a dog bite. If your pet dog bites a visitor, your home insurance could cover liability costs as long as it’s included in your policy. So, if you have pets and they pose any risk of harm to people, you can change your policy to ensure that they are included.

Keep in mind that pet liability will depend on the pet itself. You’ll be hard-pressed to get liability coverage for your pet cobra. Meanwhile, coverage for your labrador is probably easier to find, and your goldfish probably doesn’t need a policy in the first place.

Pets

Lastly, does home insurance protect your pets at all? The short answer is no. Home insurance mainly covers damage to the home itself and liability related to the house, with a few exceptions. Pets are not included in these categories.

Insurance for pets does exist, but it won’t be under home insurance policies. Instead, if you want coverage for a furry friend, you can try to bundle a separate policy to save some money.

Regardless, August Vincent Insurance Agency is here to help. If you have any questions, we’ll review policies for your property, pets, and anything else you care about in Crystal Lake, IL.

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