Can I Receive Benefits From Workers Compensation Insurance If I Have a Pending Lawsuit?

Worker’s Compensation Insurance: How You Can Take Your Employee Out Of Their Position Between A Rock And A Hard Place

Worker’s Compensation insurance is the way in an injured employee can maintain a source of income while they recover from their injuries.  Generally speaking,  In New York State an employee cannot sue their employer and collect Worker’s Compensation from this same employer at the same time. The exceptions to this general rule include: If the injury occurred as a result of a toxic substance, or if the injury was a result of the intentional act of the employer. And an employee who is receiving Worker’s Compensation insurance can sue the responsible third-party who caused their injury while on the job.

At Shults Insurance Agency in Fort Plain, NY we are interested in making certain that you protect your employees while protecting your company.  Making a conscientious choice to fully understand the Worker’s Compensation insurance laws and guidelines is our business and our pleasure. In this way, we can discuss with you how to maintain this vital asset as part of your comprehensive insurance plan. Located in Fort Plain, NY 13339 we invite you to come in today to discuss Worker’s Compensation insurance. We also offer recreational vehicle insurance, auto insurance and home insurance in addition to our business insurance products. The agents at Shults Insurance Agency pride themselves on tailoring your business insurance policy to comprehensively meet your particular arena of business. Toward that end we offer bed and breakfast insurance, habitational insurance,  liquor store insurance, and restaurant insurance. Every business arena has different specific needs. Come in today to discuss how we can meet all of your insurance needs specifically and efficiently.

Do I need workers comp insurance if my business has fewer than ten employees?

You’re proud of your small business, and you support your employees. You want to do the best for them, and one of the ways you can protect them is with workmen’s compensation insurance.

In the state of New York, all business owners are required to carry workmen’s compensation insurance, unless there are certain rare circumstances. You are not required to carry workmen’s compensation insurance if

  • your business is owned by one person and there are no other employees, including interns, part-time employees or even unpaid volunteers
  • your business is a partnership or corporation and has no employees, or
  • your business is owned by two people, and those two people own all the company’s property and stock, and there are absolutely no other employees.

Independent Contractors

Actual independent contractors are not considered employees, so are yet another exception to the workmen’s comp rule. In order to qualify as an independent contractor, the worker must meet each of these three criteria:

  1. the employer doesn’t have control over the job, or give direction to the worker who is performing the job;
  2. the work being performed is outside the normal course of business; and
  3. the contractor has an independently established trade, occupation or business, specific to the worker and to the work being performed.

How About If You’re Self-Employed?

Even if you own your own business and have no employees, you might be able to benefit from a workmen’s comp policy if you get injured while working.

Possible Penalties

If you get caught violating the law, you could face fines or even criminal charges. It is important to make sure your business has the coverage it needs to protect yourself and your employees. If you are considering buying a policy, or if you just have questions, you can always call Shults Insurance Agency to discuss your options.

April is Distracted Driving Awareness Month

You are 23x more likely to get into an accident while using your phone. But it’s not just texting that can be a distraction while driving. Reading, eating, and reaching for things that have fallen can be hazardous as well. Read on for 10 tips on reducing distracted driving.

1.Stow your phone. Turning off the phone and putting it in “do not disturb” mode can help remove the temptation to browse online at a red light or respond right away to a text message.

2. Vow not to multi-task. Anything that occupies your mind or vision can be a distraction behind the wheel. Make time at home to eat meals or put on makeup, so you can focus on the road.

3. Don’t be a distraction. Avoid calling or texting family members and friends when you know they are driving to avoid distracting them.

4. Talk to your employer. Responding to texts or taking calls for work while driving can be dangerous. Encourage your employer to have a distracted driving policy that includes waiting to talk with employees until they are safely parked.

5.Keep kids and pets safe. Make sure kids are in proper car seats and that pets stay secured in the back of your vehicle. It can also help reduce distractions if pets are not roaming about the car.

6. Set a good example. Parents can model good behavior for their children by demonstrating attentive driving. Avoid texting, eating, grooming or calling someone while behind the wheel.

7. Plan your route before you go. Programming your navigation system while you drive can take your eyes off the road. It’s better to ask a passenger to do it or to enter your destination before you leave home.

8. Speak up. If you see someone texting or otherwise driving while distracted, say something and let them know that you are not comfortable with that behavior. Encourage your children to do the same when they are passengers in a friend’s car. It could save a life.

9. Set rules of the road. Consider restricting the number of passengers until your teen or new driver gains experience behind the wheel.

10. Avoiding reaching. Resist the urge to reach for items if they fall while driving.

In short, anything that takes your attention from the road is distraction. Think of it this way: would you drive with your eyes closed?

How Much Commercial Insurance Do You Need for Your Startup?

Every startup business needs insurance to cover the unforeseen and the unexpected. As you prepare to launch your business, it’s important to know how much commercial insurance you need to keep your fledgling business protected against a variety of known risks and unforeseen events. The helpful agents at Shults Insurance Agency can help you choose the right policy that best fits your business needs.

Factors to Consider

No two businesses are alike and neither are their insurance needs. A typical startup’s insurance needs will cover the basics, from general liability insurance to cover bodily injury, to coverages for data breaches. Here are some other factors to consider when choosing your insurance coverage:

  • Business type – Whether you’re starting a food truck or a food delivery app, the type of startup will dictate how much commercial insurance your business needs.
  • Employee size – Unless you’re a sole proprietor, you’ll need worker’s compensation coverage to protect your team against on-the-job injuries.
  • Property and assets – The more properties and assets your startup owns, the more coverage you’ll need to protect them against damage and loss.
  • Company vehicles – If your startup involves corporate vehicle ownership, you’ll need commercial auto insurance coverage.
  • Errors and omissions – E&O coverage goes beyond what general liability offers by covering intellectual property and other intangible losses.
  • State-mandated requirements – Certain businesses require mandatory insurance coverage.

Keep in mind that most small businesses don’t grow into major commercial successes overnight. Your startup’s liability coverage should grow along with your business to keep costs down and provide the best possible match for its needs. Even if you’re still running your startup out of your home’s garage, you’ll still need commercial insurance to cover certain risks that your homeowner’s insurance policy won’t touch.

If your business needs insurance coverage, you can always turn to Shults Insurance Agency for help. Contact us today to get started.

How Classic Car Insurance Protects Your Investment Financially

A classic American hobby is the collection and restoration of classic cars. Although they are decades old depending on the vehicle, collectors find these hobbies to be a significant financial investment. Because this investment can become quite significant, it is important to properly insure these vehicles and protect your financial investment. Shults Insurance Agency recognizes your investment and would like to help you protect it. Purchasing a classic car insurance policy in the Fort Plain, NY area or surrounding communities is available for classic car owners. 

Get More With the Classic Car Policy

A standard auto insurance policy will cover the cost of the car at cash value if damaged or totaled. Any work, parts, labor, or other investment into the vehicle is not considered

For classic car owners, this is not sufficient, as cash value is only a portion of the investment gone into repairing and restoring these cars. The classic car policy covers not only the cash value of the car but the car’s worth as decided between you and your insurance company. This cost includes the working condition of the vehicle, as well as the cost for parts, repair, and labor that you have invested. 

Travel with Your Classic Car

For those who travel with their classic cars, a standard auto insurance policy will not protect you with travel expenses while you are out of town. Your classic car policy has the ability to reimburse you for food and lodging in the event you are traveling and your car suffers mechanical issues. This is a great feature of the classic car policy, especially for those to enjoy posting their prize classic cars at shows across New York and other states.

Get Your Policy Today

If you currently own a classic car, protect your financial investment today with a policy from Shults Insurance Agency. Proudly serving the Fort Plain, NY and surrounding areas, our agents are ready to meet and develop your classic car policy today. 




What is recreational insurance?

You have heard of recreational insurance, better known as RV insurance, but you may not understand everything that such indemnity policy entails. What is the difference between RV assurance and regular auto insurance? Keep reading for an overview of the subject. Contact Shults Insurance Agency to get a full understanding of how RV insurance works in Fort Plain, NY.

What Is RV Insurance?

RV insurance is a policy that covers your Class A, Class B, Class C, and any other type of mobile home you have at home or in storage. Fifth wheels, pop-ups campers, and travel trailers are three types of recreational vehicles that qualify as suitable for coverage despite their inability to get from Point A to Point B without towing assistance.

Is RV Insurance Mandatory?

Recreational assurance is not like auto insurance. There are some instances where the coverage is optional in Fort Plain, NY. Those with fifth wheels, pop-up campers, and travel trailers can choose whether they want the additional cushion in the instance of theft or damage. Those who operate Class A, Class B, and Class C motorhomes do not have the option of going without RV assurance. For such vehicle owners, the notion of how much insurance is necessary becomes prevalent.

How Much Is Enough?

As with auto insurance, you need to have an RV indemnity policy that meets the state’s minimum requirements. New York requires drivers to maintain policy limits that pay at minimum $25,000 for bodily injury per person and $10,000 for property damage per accident. The minimum standard, of course, does not shield against lawsuits in the instance of your policy limits not being enough to cover the cost of all damages and injuries.

Speaking with an agent at Shults Insurance Agency is the best way to ensure that your RV is fully protected. Contact them today for a quote!

What is RV insurance?

A recreation vehicle, also known as RV, is a great motor vehicle for touring the world. Since auto insurance is a mandatory requirement in New York, your RV also requires RV insurance. Ensure that you have a custom coverage before you hit the road. Shults insurance agency can help you make an informed decision when purchasing insurance coverage for your recreational vehicle in Fort Plan, NY and beyond. It is important to note that if your RV is towed behind your car, it may be covered by your existing auto insurance.

RV insurance can, therefore, be an optional coverage in most cases. But, if the RV is driven independently, you need an insurance coverage for it. Always have an extra coverage for you RV above the minimum state requirements. This will ensure that you’re adequately protected in case of an accident or natural disaster.

Coverage Options

There are several coverage options to consider for your RV, including:

Liability Coverage– This is often a mandatory requirement in New York. Ensure that you take an adequate limit than the state minimum. It covers you from damages caused to other vehicles or properties when driving your RV or for injuries caused to other people and passengers. However, it does not cover you and your RV.

Collision- Cavers losses resulting from collision accidents with other vehicles or objects.

Comprehensive– Covers losses that are not related to collision accidents, for instance, theft, storms, vandalism, etc.

Underinsured or Uninsured Motorists– This coverage covers you and your RV in case you’re involved in an accident with drivers who either lack insurance or carry inadequate coverage.

If you own and operate an RV in Fort Plan, NY, Shults Insurance Agency is your one-stop shop for all kinds of RV insurance. Contact us today for more information on our coverage plans or head straight to our website to get a quote.

The Basics of Renters Insurance

A renters insurance policy is ideal for people living in rented homes. This type of policy helps protect your appliances, electronics, furniture, and/or any other personal belongings in the event that they are damaged or stolen. It also covers legal defense and medical expenses in case an injury occurs at your rented home. Here are the three types of protection that a renters insurance from Shults Insurance Agency in Fort Plan, NY offers.

Personal property coverage

Events such as fire or theft can lead to loss of your personal property, which can be very costly to replace. But, if you have renters insurance, the process will be a bit easier. Note that the policy may not cover every item in your home, so it pays to know the limit of your personal property coverage.

Liability coverage

Liability coverage will come in handy in the event that you are found responsible for the injuries sustained by other people or their property. For instance, if a visitor slips and twists his leg in your rented home, this coverage will cater for the medical expenses resulting from the incurred injuries.

Additional living expenses

A rented home will typically serve as your home until your lease expires. But, if by bad luck your home gets hit by disasters such as fire, or flood, you will be forced to move into a hotel and even spend more than expected on food. The additional living expenses policy helps cater for those secondary expenses. Again, don’t forget to read carefully, the terms of your coverage to know the limit of your compensation.

A renters insurance is a personal necessity if you are living in a rented house. For more information on this type of policy and to choose a package that suits your needs, give us a call at Shults Insurance Agency today!


What Factors Should You Look For When Buying Motorcycle Insurance

After purchasing a motorcycle, you need to purchase motorcycle insurance. Unfortunately, here at Shults Insurance Agency, serving the greater Fort Plain, NY area, we have found that many individuals do not know what to look for as they look to purchase a motorcycle insurance policy. We want to take the time to educate those who need motorcycle insurance, so they can find a policy best suited to them. Here are a few of the factors you should look for when you are looking to buy motorcycle insurance. 

The Coverage Amounts

As you look to purchase motorcycle insurance, be sure to pay close attention to the coverage amounts, or coverage limits, on the policy. There should be two limits for each option; one is per person and one is per accident. Some of the categories include liability, collision, comprehensive, medical expenses and passenger liability. Ensure that policy you select has coverage limits that are high enough to fully cover you in the event of an accident. 

The Deductible

Another important factor to consider when you are looking to purchase motorcycle insurance is the deductible. The deductible is the amount you have to pay before your policy kicks in. The higher the deductible, the lower your policy tends to be. However, having a high deductible does you no good if the deductible is so high you don’t have the money to pay it in the event of an accident. As such, carefully consider the deductible when buying a motorcycle insurance policy. 

Paying close attention to all of these factors will help you find the right motorcycle insurance for your needs. As you look for insurance in the greater Fort Plain, NY area, let Shults Insurance agency help. Contact us today to get a free motorcycle insurance estimate.