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4800 SW Meadows Rd., Ste. 300
Lake Oswego, OR 97035

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What Are The Risks Of Not Having Commercial Insurance?

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Risks of Running a Business Without Adequate Commercial Insurance

You may be treading on thin ice if you’re a business owner considering operating without proper business insurance. Lacking adequate commercial insurance exposes you and your company to significant financial risk. The following discussion explores the potential risks involved.

Risk of Losing Your Commercial Property

Imagine that your commercial building is severely damaged or destroyed by an earthquake or flood. A catastrophic event like this would be financially draining for any business owner. If you don’t have business insurance, covering repair or rebuilding expenses falls entirely on you.

Risk of Business Operation Interruption

Numerous factors can interrupt business operations – a disruption that could cost your company thousands of dollars. Commercial insurance coverage can protect against such interruptions and bear the financial losses associated with them.

Risk of Leaving Your Employees Unprotected

Your employees are invaluable assets to your business. Protecting them is not just vital but also fair. Without proper business insurance, if an employee gets injured at work, you’re on the hook for their medical expenses and potentially more.

Securing Your Business with the Right Insurance

Business insurance isn’t a mere formality. Instead, it offers financial security and peace of mind. Northwestern Insurance Group LLC is here to assist if your business operates in Portland, OR, or anywhere else in the state. We work with business owners to ensure they’re adequately insured. Contact Northwestern Insurance Group LLC today, and let’s safeguard your business for a secure future.

Can You Have Two Homes on a Home Insurance Policy?

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For homeowners in Portland, OR who have more than one home, it’s good to ask whether it’s possible to put both homes on a single home insurance policy or if you need to explore other options if that’s not possible. Our team at Northwestern Insurance Group LLC is used to walking homeowners through the process of figuring out how much coverage they need for one or more properties. Although every home insurance policy may have terms, limits, and conditions that are unique to that policy, there are some general rules for how home insurance tends to work.

Can Two Homes Be on One Home Insurance Policy?

At first glance, having one home insurance policy for every property you own might seem like the most convenient option. As insurance professionals know, every home has different needs and, therefore, requires an individualized policy. Those who have more than one house may have a homeowner’s insurance policy for their primary residence and then purchase a secondary dwelling policy for the second house. After all, you’ll probably leave the vacation or secondary residence vacant for long periods which could affect what the vacation property’s insurance needs may be.

Although it can seem like a hassle to have two home insurance policies, it helps if you stay organized on which home has which type of coverage. Getting your home insurance policies from the same agency such as ours can ensure that your agents can help clear up any confusion that may arise from this situation. Having all of your insurance policies through the same agency can also make it easier for you to keep track of payments and claims.

Reach Out To Us

For information on homeowner’s insurance in Portland, OR, call our team at Northwestern Insurance Group LLC!

Types Of Recreational Insurance That You May Need

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Recreational insurance protects against financial loss while participating in recreational activities.

Learn about some common types of recreational insurance you may need:

Boat Insurance

Boat insurance protects against damages and injuries that occur while operating a watercraft. The amount of coverage is dependent upon the individual policy. Boat insurance types include liability insurance, physical damage insurance, and add-ons. 

Motorcycle Insurance

Motorcycle insurance policies are similar to automotive insurance policies. The year, make, and model of a motorcycle will need to be submitted to an agent at Northwestern Insurance Group LLC.

An insurance agent serving Portland, OR can draw up a custom motorcycle policy that will provide you with the coverage you need when riding your motorcycle.

RV And Travel Trailer Insurance

An RV that will be driven needs to be insured. A liability insurance plan will protect against damage to another person’s vehicle or property when the RV is being driven.

A more comprehensive insurance policy will protect against theft or damage that the insured RV incurs. The type of RV that you own will determine how much your insurance coverage costs.

A travel trailer that is going to be towed behind a vehicle can be insured too. The insurance will protect against damage or theft that occurs while the trailer is actively towed or parked.

Consult With Us

Northwestern Insurance Group LLC serving Portland, OR can assist you with drawing up a customary insurance plan that will provide your recreational equipment with adequate coverage.

Provide information about the recreational equipment that you own and the manner in which you use it. We will provide you with guidance concerning the level of coverage that you will need.

What You Need to Know about Insuring a Motorhome

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Portland, OR area residents who own a motorhome can turn to the team at Northwestern Insurance Group LLC for all their insurance needs. We understand that this type of insurance and determining the correct coverage level can be confusing. Let us answer any questions that you might have and help you secure an appropriate policy.

Benefits of Robust Motorhome Insurance

Whether you own a Class A or Class B vehicle, carrying the right insurance is vital. Your motorhome is an ideal way to see the country while having a place to stay! You’ll want to make sure that you have protection when you’re on the road as well as in a park or campground. The better you understand your unique coverage needs, the more appropriate your coverage will be.

There are a number of different types of policies and different coverage levels. Be sure to review the available options before making your decision. Our team is here to sit down with you to review the available options in our area to help you decide which type and coverage level is right for your situation. Before you purchase a motorhome, be sure to understand your insurance needs and be ready to review the options that are currently available in our area.

Call or stop by today!

If you own a motorhome in Portland, OR or any of the surrounding communities, you can rely on the team at Northwestern Insurance Group LLC for all your insurance needs. Give us a call or stop by our office today to meet with one of our helpful team members. We look forward to serving all your insurance needs!

RV Insurance Requirements in Oregon

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In Oregon, as with other US states, owners of all types of automotive conveyance must obtain insurance before operating the vehicle on the road. This law applies to RVs and motorhomes, too. Oregon sets higher insurance requirements than other states, so let’s review the minimum policy you need to purchase from Northwestern Insurance Group LLC.

Oregon’s Minimums for RV Insurance

Although Oregon’s legal requirements for RV insurance largely center on liability, like other states, it also requires medical coverage for the policyholder. To drive legally, you will an RV policy that provides:

  • $25,0000 in bodily injury liability coverage per person
  • $50,000 in bodily injury liability coverage for all persons per accident
  • $20,000 in property damage liability coverage
  • $25,000 in uninsured motorist coverage per person per accident
  • $50,000 in uninsured motorist coverage for all persons per accident
  • $15,000 in personal injury protection per accident.

Before you pull out of your Portland, OR driveway, make sure you have a motorhome policy in place with at least that level of coverage.

Protecting Your RV with Insurance

The Oregon legal requirements don’t include coverage for your RV. Protecting your ride remains optional, but we recommend you include this type of coverage, too. What would you need to protect your roving home away from home? Collision, comprehensive, and roadside assistance coverage would provide you with the protection needed.

Collision Coverage

Collision coverage provides financial compensation for damage to your RV from any type of collision. That means it could have incurred damage when the person driving it hit a fence, mailbox, or tree. It would also receive coverage from a collision with another vehicle.

Comprehensive Coverage

Comprehensive coverage protects your finances by making sure you don’t have to pay out of pocket when a natural or man-made peril damages your vehicle. It offers protection whether damage comes from vandalism or volcano.

Roadside Assistance Coverage

Adding roadside assistance coverage ensures that you’ll have help no matter where you experience RV trouble. If you run out of gas outside Topeka, KS, or have a flat tire in downtown Seattle, WA, it won’t matter. Use your roadside assistance coverage to obtain quick assistance from a nearby affiliated garage or tow service.

Contact Us Today

Before you drive your RV anywhere in or around Portland, OR, contact Northwestern Insurance Group LLC for the motorhome coverage you need. We can help you build a custom insurance policy that provides you with every coverage you need.

Four things you’ll love about your boat insurance policy

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Owning your own boat is an enviable luxury that you can enjoy with friends and family. However, boat ownership can also open you up to some financial risks. That’s why it’s so important for boat owners in Portland, OR to have boat insurance. Northwestern Insurance Group LLC offers boat insurance coverage that protects your finances while you’re enjoying boating activities.

The following are four things that you’ll love about your boat insurance policy. 

Enjoying coverage for damages from theft and vandalism

Boat insurance coverage extends to damages resulting from theft and vandalism, providing financial protection to boat owners. This coverage ensures that boat owners can recover repair or replacement costs in the event of these unfortunate incidents.

Being covered for financial damages in the event of a boat accident

Boat insurance includes coverage for damages resulting from boating collisions, whether it involves other vessels, stationary objects, or underwater hazards. This essential coverage helps boat owners manage repair or replacement expenses in the event of accidents on the water.

Feeling like a more responsible boater

Carrying boat insurance instills a sense of responsibility among boat owners. Knowing they are financially protected fosters a commitment to safe boating practices and proper maintenance, contributing to a safer and more accountable boating community.

Having emergency towing assistance available

Boat insurance policies often include emergency towing assistance as a valuable benefit. This service provides peace of mind to boat owners, knowing they can receive prompt assistance in case of breakdowns or unforeseen issues while out on the water.

We Are Here To Help

We can provide you with a boat insurance policy in Portland, OR at Northwestern Insurance Group LLC. If you’re looking for a quote on a boat insurance policy, give us a call, and we’ll provide you with a policy quote. 

Does Your Lifestyle Impact Your Insurance?

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It’s an unhappy fact of life that some people actively seek out people to sue. How does that affect you? It affects you if you own a swimming pool in your backyard. Someone could fall in or injure themselves when diving into it. Instant lawsuit. That adorable dog that lies across your lap and watches TV at night could bite someone. Lawsuit.

When you’re lucky enough to amass homes, cars, boats, and other signs of wealth, then protecting that wealth with an umbrella policy is paramount. That cool lifestyle now makes you vulnerable to anyone with a lawsuit. Northwestern Insurance Group LLC serving the Portland, OR metroplex will give you an umbrella policy whose limits rise above your normal insurance. Coverage for a couple of million protects you from lawsuit-happy people.

Examples Of Umbrella Coverage

    • When your teen drives your car and causes an accident that exceeds the auto policy limits. If the other driver sues, umbrella coverage kicks in to pay the court costs and the award.

    • You’re on vacation using segues and other rentals. An incident happens that maxes out your insurance. An umbrella policy will help pay for everything.

    • If you’re liable for injury or damages at a Portland. OR hobby show, then umbrella insurance will help pay for it.

Pros And Cons Of Umbrella Insurance

Pros

      • Protects from excessive home or auto liability claims  

    • Coverage goes into the millions

Cons

    • Not useful for the other-than high net-worth persons and families

Schedule A Consultation Today!

It’s when the lifestyle you’ve worked so hard to establish is threatened that you need umbrella insurance. Please call us or visit Northwestern Insurance Group LLC, and we’ll tell you more about it.

How can Oregon residents benefit by getting a life insurance plan?

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For people that live in the Portland, OR area, being properly insured should always be a top priority. When you are looking for a way to improve your personal insurance plans, it would be a great idea to add life insurance. This is a valuable type of insurance that can offer various benefits to residents in this part of Oregon.

Offer Financial Coverage for Dependents

A top advantage that can come with having a life insurance plan when you are in this part of the state is that you can receive financial coverage. If you have dependents that you care about, it is very important that you ensure they continue to be covered financially in the future. A term life insurance plan is ideal in this situation as it can be customized to meet your specific needs in terms of policy length and coverage amount. 

Financial Advantages

A life insurance plan is also a good idea because it offers financial and investment benefits. When you invest in a whole life insurance plan, a portion of your payment each month will go into an account that grows in value with interest over the years. You are then able to liquidate this policy in the future, which can make it a great addition to your personal investment plan. 

Reach Out To Us

Having a proper life insurance plan continues to be a good option for anyone that lives in the Portland, OR area. When you are looking to get this type of insurance here, it can be a great idea to call our team at Northwestern Insurance Group LLC. There are a lot of choices that you will need to make when looking for coverage, and our professionals at Northwestern Insurance Group LLC can help you build a new plan. 

Top Auto Insurance Myths and the Truths Behind Them

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There are common misconceptions about auto insurance. At Northwestern Insurance Group LLC in Portland, OR, we are here to dispel common auto insurance myths. 

Auto Insurance Myths

Myth #1: Insurance Follows the Driver

Most auto policies are tied to the car, not the driver. This means if another legal driver has an accident in your car, your auto policy will cover it. 

However, if you are driving an uninsured vehicle, the policy for your car won’t cover you. 

Myth #2: Auto Insurers are All the Same

The truth is there are a lot of similarities between auto insurance companies, particularly when it comes to coverage. However, there are also key differences in premiums, deductibles, and customer service. These differences can make a big difference in your experience with your insurer.

Myth #3: Minimum Coverage is Enough 

You may think that the minimum coverage is enough. While the minimum will keep you legal, it may not provide complete protection. If you have an accident and the costs exceed your coverage limits, you’ll be liable for the difference. 

Myth #4: Full Coverage Includes Everything 

Full coverage is considered complete protection. However, there are a few things that aren’t covered. 

Full coverage includes comprehensive and collision coverage. Collision coverage covers damage to your vehicle if an accident is your fault.  

Comprehensive coverage includes damage that doesn’t occur during an accident. This includes vandalism, theft, and storm damage. 

Full coverage may not cover other drivers or accidents that occur outside the U.S. It’s important to talk to your insurer to understand exactly what is and what is not covered. 

Reach Out To Us

If you need auto insurance in the Portland, OR metroplex, contact us at Northwestern Insurance Group LLC. Our friendly auto insurance agents will help you choose the right policy for your needs. 

What Types of Commercial Insurance Will Best Protect My Business?

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State law requires some businesses to carry certain insurance. However, it’s a good idea to voluntarily purchase the right commercial insurance for your business in Portland, OR. Northwestern Insurance Group LLC agents can provide the advice you need to choose the right policy for your company. 

Here are some of the most common types of business insurance:

General Liability Insurance

General liability insurance covers property damage and bodily injury plans against your company. If a customer slips and falls in your office or retail store, general liability insurance will cover the cost of medical expenses. In some cases, it also covers liability for work done on location by you and your staff.

Professional Liability Insurance

Professional liability insurance pays for claims related to unintentional mistakes made while providing professional services. If you own an accounting firm and make an error on a customer’s financial reports, you may have to pay for it out of pocket if you don’t have professional liability insurance. This coverage is also called errors and omissions insurance.

Business Income Coverage

If your business experience is interrupted, business income coverage reimburses you for lost income. Examples include fire or storm damage and losses due to theft.

Commercial Property Insurance

Property insurance for your business covers rented or owned property and equipment. If someone steals computers from your office or expensive equipment from your restaurant, commercial property insurance can help cover the cost of replacing the lost items.

Data Breach Insurance

If you purchase data breach insurance, it can help cover the cost of hackers exposing And stealing customer data. Typically, data breach insurance covers the cost of notifying impacted clients and federally mandated credit monitoring services related to the breach. It can also cover the cost of improving public relations following a breach.

Commercial Umbrella Insurance

If you want to extend your existing commercial insurance policy, umbrella insurance can bridge the gap. So, for claims exceeding policy limits, your umbrella insurance would reimburse you up till the maximum payout.

Give Us A Call

Contact Northwestern Insurance Group LLC to learn more about commercial insurance for your business in Portland, OR.