Frequently Asked Questions
What’s the difference between business insurance and workers' comp?
Business insurance protects your physical assets, liability, and revenue from external threats like fire or theft. Workers' compensation specifically covers your internal team's medical bills and lost wages if they are injured on the job.
When should I update my policy after buying new equipment or recreational vehicles?
You should notify us immediately before operating any new assets. Frey Insurance Agency recommends updating your custom package right away to ensure your new investments are fully protected against immediate transit or operational risks.
Why do I need to provide my past insurance coverage details for a new quote?
Reviewing your past coverage allows us to identify gaps and historical cost baselines. Our experience at Frey Insurance Agency shows that analyzing your previous policy limits ensures your new custom package eliminates costly overlaps while maximizing your protection.
What's the difference between standard auto insurance and recreational lines insurance?
Standard auto policies don't cover specialized risks like vacation liability or specialized gear. Recreational lines protect motorhomes, boats, and ATVs both while in transit and while parked or used as a temporary residence at a campsite.
When should I choose a custom business insurance package over a generic policy?
Generic commercial plans often leave gaps in employer liability or industry-specific assets. Frey Insurance Agency recommends custom business packages when you have unique operational risks, specialized equipment, or specific property exposures that generic, automated policies overlook.
How does the independent agency quoting process work?
Instead of offering a single generic option, we gather your current situation details and run quotes across multiple competitive carriers. This tailored method allows us to compare different underwriting structures to find the highest quality coverage at the best long-term rate.
Why does my business need workers comp if employees already have health insurance?
Health insurance doesn't cover lost wages or employer liability for on-the-job injuries. Workers' compensation provides statutory medical care and wage replacement while legally protecting your company from high-stakes lawsuits stemming from workplace accidents.
What factors affect the cost of my homeowners insurance policy?
Rates depend heavily on construction materials, local weather risks, and your property's proximity to fire protection. At Frey Insurance Agency, we analyze these specific structural details against multiple carriers to keep your custom premium as low as possible.
What's the difference between term and permanent life insurance options?
Term life provides straightforward financial security for a set period, while permanent policies build tax-deferred cash value over time. This cash value acts as an asset you can strategically borrow against for major future financial milestones.
How long does it take to get a custom insurance package finalized?
Because we avoid generic, one-size-fits-all policies, our agents take the time to run quotes with various companies. This comprehensive underwriting review typically takes a short time but guarantees a precise fit for your personal or commercial assets.
