Umbrella Insurance — When You Need Extra Assurance on a Project from Premier Insurance Group

Are you thinking about extending your insurance protection and live in the Lakewood, CO area? Sometimes it is a part of the protocol, especially if you are looking for something affordable when you start a new project with higher liability limits. This is where you need to start looking at your umbrella liability options. Umbrella insurance is the easiest and most logical route to getting a contractor or individual protection with an affordable insurance rate. 

Premier Group Insurance on Umbrella Insurance

If you are looking for a single premium that will cover you over multiple insurance policies, umbrella insurance is the answer to your search. This gives you the protection where there may be some underlying limits to your basic policies. When you are looking at extending insurance with contractor’s insurance, you’ll want to look at these things:

  • Commercial auto
  • Worker’s comp claims
  • General liability

So think of getting an umbrella insurance policy if something like a $500,000 difference in what your insurance covers and what you have to pay from the company could deplete all of your business assets. In most cases, you’ll be looking at $1M increments in umbrella commercial policies. 

Individual Umbrella Insurance Policies

Just like most states, Colorado has financial responsibility laws in place to protect people when someone is at fault in their car, home, property or any other negligent cause that you could be held liable for. This doesn’t exclude medical, court costs for both sides or damages awarded by a judge. It can add up quickly. 

An umbrella insurance policy will protect you from wage garnishments, liens or repossessions. The fee is nominal compared to the wide coverage that is offered with a commercial or personal umbrella insurance policy. 

Build a Fortress Around Your Assets

The best umbrella insurance policies are also quite affordable. Give Premier Insurance in Lakewood, CO a call or check out our blog. Premier Group Insurance at (303) 233-7878.


How much does motorcycle insurance cover?

Motorcycle insurance is a necessity if you live in Lakewood, CO. Not only does the state require liability coverage, but there is also much to lose if you are involved in an at-fault accident without the proper insurance to pay for damages. You also want to maintain an acceptable indemnity policy for personal satisfaction.

How much does motorcycle insurance cover in Lakewood, CO, though? Read on to find out!

What does motorcycle insurance cover?

Motorcycle insurance works much like a standard auto indemnity plan. You are typically protected up to the limit of your policy if you have an accident that requires your bike to either be repaired or replaced.

The difference in motorcycle insurance, however, is the various options that determine how much coverage you receive in an accident. Unlike a standard auto insurance policy that pays for the majority of incidents on the road with one package, motorcyclists are tasked with building their policy. A basic liability plan may protect you from legal problems if you have an at-fault accident. You may not receive much in the way of repairs for your bike, though, if you do not have additional perks included in your plan.

As an insured motorist, you have the option of adding the following to your motorcycle indemnity plan:

  • Full replacement cost for your bike in the event that it is totaled

  • Comprehensive coverage pays for damages not caused by a collision. This option ensures that you receive the monetary value of your bike if it is stolen or destroyed by inclement weather conditions

  • Medical Payments

  • Uninsured/Underinsured Motorist Protection

  • Replacement Coverage for your gear

Some motorcycle insurance plans even pay when your passenger is injured in an accident. Of course, there are stipulations to such coverage that should be discussed with an insurance agent.

Call Premier Group Insurance

Premier Group Insurance has excited and knowledgeable agents who can help you find the motorcycle insurance policy that best fits your lifestyle. Contact us today to get started with a quote!

How to Pack for Your Next Boating Adventure

It’s important if you go boating that you prepare in advance. You don’t want to leave the land without having everything you need in case of an emergency. Premier Group Insurance, serving Lakewood, CO, and the surrounding area, can help. 

Spare Clothes 

You don’t know if it’s going to rain, you’re going to fall in the mud, or you’re going to get stuck out on the water. You need to have a spare outfit just in case. Even if it’s supposed to be relatively warm all day, you may want to bring a hoodie. 


You don’t want to get a sunburn while you’re out on the water. Not only is the sun damaging to your skin, but you also don’t want to be in pain while you’re on the water, nor do you want to feel sick when you get home. You may want to wear a hat to protect your head. 

Phone or Radio 

If you’re not sure that your cell phone is going to work properly, you may want to bring a two-way radio to seek out assistance in the event of an emergency. 

First Aid Kit 

You might get a fishing hook in your finger or experience a bee sting. No matter what incident occurs, you want to be able to handle it effectively while you’re out on the water. 


In case your boat should go down, you want to have at least one personal floatation device aboard per person you have on your boat. 

Boat Registration and Insurance 

You never know when something will happen on the water. You want to keep your registration and boater’s insurance on board with you while you’re on the water, just in case.  

Get a quote for a boater’s insurance policy with Premier Group Insurance, serving Lakewood, CO, and the surrounding area, by calling our office.


Is Umbrella Insurance A Good Option For Art Collector’s

If you are a person who loves art and has a significant amount of artwork with a high value located within your residence, you may be wondering if you need more than home insurance to give you the protection you need for your investment. What happens if you can’t get the right amount of coverage for your collection?

Covering Valuables

In an instance where a homeowner has an art or jewelry collection with significant value, they may not be able to get complete coverage with their home insurance. In these circumstances, a person can choose to purchase umbrella insurance. It will offer coverage for items which have a value above and beyond the value of the home insurance you carry. For more information about the terms and conditions of umbrella insurance, consult an experienced agent. 

Finding An Experienced Provider

Experience can be the key to obtaining the coverage for your art or jewelry collections that you need to be secure. In the event of damage, fire, or theft, your umbrella coverage should give you the security you need to prevent loss. Work with an insurance provider and agents who know how to give you good advice and guidance through the purchasing process. Residents of the Lakewood, CO area can trust Premier Group Insurance for top-notch support while securing insurance coverage for a variety of situations.

If you live around Lakewood, CO, you should contact Premier Group Insurance for details about coverage that protects your investments and helps you avoid gaps. Call or stop by the office for more information and to speak with an agent who can get you started with the process. 

Standard Policies Usually Don’t Cover Floods: Make Sure You’re Covered

You may think just because you have a homeowner’s insurance policy that you have nothing to worry about besides paying your deductible, no matter what happens to your home. However, this isn’t the case. Flood insurance from Premier Group Insurance, serving Lakewood, CO, and the surrounding area, is a separate policy you should consider getting for an emergency that your home policy will not cover. 

About Your Homeowner’s Policy

Your homeowner’s insurance isn’t already equipped with flood insurance. It’s mainly for fires as well as certain natural disasters and liability but not flooding.  

Protecting Your Investment

Imagine what would happen if rain began pouring down and flooded your neighborhood. Could you afford to pay to repair the damage to all the potential areas of your home where the water could cause damage out of pocket? More than likely, you couldn’t afford to come up with that much money on the spot if something should happen. With flood insurance, you don’t have to worry if water damages your home because you can claim it on your insurance. 

If a natural disaster isn’t declared by the President, you could find yourself having difficulty obtaining a loan or getting any assistance. Therefore, if it just starts flooding in a small area of Kansas, you might not have access to all the help you could possibly need in the event of a flood. 

Investing a small amount of funding into flood insurance could be the difference between being able to live in your home and not having anything left. Ultimately, you may think you’re saving money by avoiding it, but this isn’t always the case. You can only hope you’re never affected by a flood. 

Contact Premier Group Insurance, serving Lakewood, CO, and the nearby region, to discuss getting flood insurance today by calling us at 303-238-5851 or 720-458-9595. 


Who Can be a Beneficiary on Your Life Insurance?

When choosing a beneficiary for your life insurance policy, take time to consider all your options. Your beneficiary will receive the benefits of your policy after your demise. This person may be different for every policyholder depending on their personal circumstances.

Who can be a beneficiary on your life insurance?

Spouse and Children

If you’re married, you may want your beneficiary to be your spouse or children so they will have financial security after you’re gone. Life insurance benefits can be used to pay monthly bills, provide for your kids’ education, or pay off the mortgage of your Lakewood, CO home. Couples without children can provide for their remaining spouse to help him or her financially once the other is gone.


Singles have various options for a beneficiary, ranging from parents to siblings to a favorite charity. If your parents co-signed on your student loan, naming them as a beneficiary will enable them to pay off your debt once you’re gone. If you’re providing financially for your parents or younger siblings, life insurance benefits can continue to help them after you’re gone. Your parents can also use part of the benefits to pay for your funeral costs, so they don’t have to be burdened with this expense.

If you helped start a business with a colleague or friend, you might want to name your business partner as your beneficiary to help cover your share of the costs after you’re gone. This will enable your partner to continue the business even though you are no longer there.

At Premier Group Insurance, we can offer valuable counsel in selecting a beneficiary or beneficiaries for your life insurance policy. To learn more about life insurance options and costs, contact us at Premier Group Insurance in Lakewood, CO.

Commercial Insurance Coverage Options

Every business is predisposed to different types of risks including natural disasters and accidents. It is vital for every business owner in Ft. Collins and Lakewood, CO to carry the right commercial insurance coverage from Premier Group Insurance to protect their business against catastrophic events or lawsuits. In fact, such events can wipe out a startup before it even gets off the ground. Here are some of the most crucial commercial insurance options you should have in place.

Property insurance

The property insurance coverage option is very important regardless of whether you own the business premises or are renting. The coverage will protect your furniture, signage, inventory, and all business equipment against events or disasters such as fires or theft. However, if you need to protect your business against mass-destruction events such as earthquakes or floods, you need to purchase a separate policy. Discuss with one of our agents for more details on how to get these separate policies. It is also advisable to have a vehicle insurance policy for your business’ vehicles.

Professional liability insurance

Also referred to as Errors and Omissions (E&O) coverage, Professional liability insurance is meant to protect your company against negligence assertions that may result from failures or mistakes. The policy has different variables and is not a one-size-fits-all package for every business. Therefore, you should evaluate your business or industry’s specific needs before purchasing this policy.

Workers’ compensation insurance

The law requires that employers should carry a worker’s compensation policy. The policy covers disability, medical bills, and death benefits in case an employee gets injured or dies while at the workplace or executing work-related tasks. Even if your employees perform low-risk tasks, certain medical conditions like carpal tunnels syndrome can lead to pricey claims.

Home-based businesses

Starting your startup at home in Lakewood, CO is possible. However, your home insurance policy will not protect your home-based business the way a commercial property policy will. Therefore, discuss with your insurer on how to ensure that your home-based business’s inventory or equipment is fully protected with a home-based business commercial insurance coverage option.

Are you a business owner? Do you want to learn more about how to protect your business?  You can contact our knowledgeable Premier Group Insurance commercial insurance specialists for more information and guidelines on how to get started.

What auto insurance covers

First-time drivers and first-time car owners probably don’t know the various parts of an auto policy. That means they probably also don’t know why a full coverage policy makes for a smart choice. Premier Group Insurance of Lakewood, CO wants you to understand what auto policies can include, so you get the coverage you need.

To legally drive on US roads, you must carry valid auto insurance. Each state sets its own minimum requirements, so if you just moved from Texas or California to Colorado, know that the minimums differ.

Your bank might require gap insurance if you took out a loan to purchase your vehicle. It pays the difference between its value and what you owe on it.

  • Collision insurance covers repairs to your vehicle if it becomes involved in an accident. You pay the deductible; the insurance pays the rest.
  • Comprehensive insurance covers damage to a vehicle not caused by an accident. This includes the random tree limb or other objects falling on the car, natural hazards like hail or tornado, vandalism, and theft.
  • Each state except New Hampshire requires you to carry liability insurance that covers bodily injury to another and property damage. This also pays for your legal bills if you’re found at fault for the accident.
  • You can add to the medical protection provided with medical payments and personal injury protection insurance. It pays your medical costs and that of your passengers when an accident occurs. Sixteen states require this coverage, but contact us for a list of states that don’t offer it. It also pays funeral expenses.
  • Finally, uninsured motorists insurance pays your medical bills if a motorist with no insurance causes an accident in which you’re involved, or you become the victim of a hit-and-run.

Visit Premier Group Insurance of Lakewood, CO to learn what types of auto insurance best benefit you. We can help you customize a policy to fit your precise needs.

Updating your policy for additions to your home

When you change your home, you need to change your home policy. This goes for everything from basic remodeling, adding new fixtures, and so on to additions and other extensive work. Whenever you make a significant change to your home in Lakewood, CO, you’ll want to give Premier Group Insurance a call to update your policy so that it reflects those changes.

It primarily comes down to what you want to be covered. Maybe that new sink only cost fifty bucks, and there’s not much of a point covering it. But what about that six hundred dollar bathtub, or the new room addition? Those are going to add significant value to your home, and the problem is that your insurer doesn’t know it until you let them know. This means that if something happens, you’re going to be out whatever it cost you to remodel your home, as it won’t be covered by your policy.

Following an extensive remodeling project or addition, the best way to make sure you’re covered is to bring in an appraiser. They can help you to get a proper assessment of your home’s current value so that you can take that price to your insurer and get covered.

Premier Group Insurance in Lakewood, CO can provide you with a plan that’s flexible enough to cover new additions and remodeling whenever you need it. Maybe not every remodeling project demands a new policy, but any time you sink serious effort and money into your home, you’ll want your insurance coverage to reflect that. So don’t slack on it, bring in an appraiser and make sure that your policy reflects your home’s value.

Recreational Insurance Can Make Your Summer Safer

Summer can be a great time to have a lot of fun, but you also want to make sure you’re safe. One of the best ways to do that is to be careful about the things you do, but another great way to be safer is to have the right insurance. When you live in the Ft. Collins, CO area, Premier Group Insurance can help you get recreational insurance that can give you peace of mind and improve your summer fun. Then you’ll have fewer worries, and you can take your RV, boat, ATV, or other vehicles out for some fun in the sun.

It’s very important that you closely follow Colorado laws when it comes to insuring your recreational vehicles properly. Each state can have different requirements, and if you’ve never owned anything that needed recreational insurance before, or if you’ve moved from somewhere else, you may accidentally miss something. With the right company and agent, you’ll have a much better chance of getting just what you need to make your summer safer and keep your recreational vehicles insured the right way. There’s a balance to be found there.

By working with an agent at Premier Group Insurance, you can get the right recreational insurance for your needs. Serving the Lakewood and Ft. Collins, CO area, our agency is committed to making sure you’re getting what you need and want when it comes to insurance. Reach out to us today, and we’ll help you find a reliable recreational insurance policy for anything you own, so you can get back to summer fun. Contact our agents for a quote or to learn how you can get started on a policy.