Why We Love Our Community
Based in Fairbanks, Alaska, the Hale & Associates Insurance Bonding and Consulting firm serves as a premium commercial insurance agency in this scenic region. We want customers to know why we love our community! Although we maintain a license in every state in the United States, we draw daily inspiration and joy from our roots in Alaska.
Ten Excellent Reasons to Love Fairbanks
Why does our commercial Alaska insurance company celebrate The Last Frontier? Just consider ten great reasons to savor daily life here:
1. Warm, friendly people live in Fairbanks!
2. Fairbanks hosts an important campus of the acclaimed University of Alaska.
3. This lovely city maintains a close association with aviation: it produced the state’s first commercial airline company back in 1923.(1)
4. Residents of this hardy northern location adjust to extreme variations in daylight over the course of any given year.
5. The diverse local population includes people of virtually every ethnicity, age, and background; you’ll meet many fascinating individuals here!
6. We watch the Northern Lights illuminating the night sky nearly 200 days during the year.
7. Our city’s population maintains a vigorous outdoor lifestyle, close to the beauty of Alaska’s lovely wilderness.
8. This location supplies one of the best venues on Earth for the fine art of ice carving!
9. Our lovely city serves as a gateway to more northerly locations in our state, offering a welcoming hub for visitors, tourists, and other travelers.
10. Business leaders in this community have accepted our company with open arms; over time, many enterprises have come to rely upon us as their trusted source for Alaska insurance services.(2)
Available to Serve Your Business
Whenever your company requires commercial insurance, surety bonding or consulting services, contact Hale & Associates insurance agency at 1-800-570-6671. We look forward to assisting you!
You would only want to place your most valued belongings with someone you trust. Your belongings may be personal, or perhaps you run a business that you need to protect. Hale & Associates is an insurance brokerage that has been working hard since 2007 to build a reputable company Which has clients coming back again and again. An insurance brokerage is a company that shops different insurance companies for you, looking for the coverage you need, comparing prices, and finding you the best deal.
Hale & Associates is a locally owned and operated insurance brokerage in Fairbanks, Alaska, but they are also licensed in all 50 states to meet your needs no matter where you are. Their professional and dedicated staff work with each client to ensure satisfaction. Some insurance brokers only work with select insurance types, and may be limited to plans with only 50 companies, but this company offers comprehensive service offering a variety of insurance options including: commercial insurance needs such as general liability, workman’s compensation, medical malpractice, cargo coverage, and professional liability; and plans for employers, such as employee short and long term disability, and health insurance: and personal insurance needs. By maintaining relationships with over 700 insurance companies, they are sure to find exactly what you need.
In 2016, the Alaska based insurance company, Umilalik, named Hale & Associates as a Circle of Excellence Agency again. To achieve this impressive award, a company must demonstrate a high level of professional excellence and integrity, as well as demonstrating growth as a company. This places the company in the 90th percentile compared to all other Umialik partners from 2010-2015.
While there may be many insurance brokers for you to choose from, you can feel secure choosing this company that is well-established with numerous insurance options, and recognized in the community, while providing honest, professional, and friendly customer service.
What Is Workers Compensation?
Workers compensation is a form of insurance designed to cover people when they are injured at work. Workers comp can cover lost time at work, recovery costs and medical bills. If a person dies as the result of their injuries, then workers compensation can also cover their funeral costs.
Workers compensation was designed to do the following things:
- Pay for replacement wages and medical bills
- Pay for vocational rehabilitation
- Abide by all of the worker’s compensation laws in the state
All states require companies purchase worker’s compensation insurance as soon as they hire their first employee. Even if an employer is not required to have worker’s compensation, it is still a good idea to get it. The cost of a workplace injury can be substantial.
Employees are responsible for doing whatever they can to keep themselves safe. However, even if an employee is negligent, they may still be able to get workers compensation insurance.
Who is Eligible For Workers Compensation?
People who are full-time employees are eligible for workers compensation. Volunteers, independent contractors, business owners and casual workers are typically not covered by worker’s compensation. An employee can sue an employee if their negligence contributed to their injuries. However, filing for workers compensation prevents an employee from suing.
Employers cannot fire an employee for filing for workers compensation because is against the law. There are limits placed on the amount of worker’s compensation that one can receive. This limit can vary from state to state.
Contact Hale and Associates
Call Hale and Associates if you are in need of insurance! Their experienced insurance brokerage will help you select the benefits that fit your needs best. Their insurance brokerage can also answer questions you have about worker’s compensation insurance.
4 Things You Should Know About Commercial Auto Policies
The experts at Hale & Associates, an insurance brokerage, can show you the four most important things you need to know about Commercial Auto insurance. Nearly everyone is aware of the necessity for insurance on your personal vehicle, but these main differences must be addressed when you are considering insurance for your business.
1. If you own a business and use a vehicle for any part of that business, such as delivery of products or to pull equipment, then a personal insurance policy probably will not cover your liability in the event of an incident. Using your business vehicle for personal runs to the store or to pick up the kids at school does not relegate it to a personal vehicle. The vehicle is still part of the business and must be insured as such to guarantee coverage.
2. Talk to the insurance agents at Hale & Associates to find the coverage you need for your business. How you use your vehicle in your business determines your commercial insurance needs. There is a vast difference between using your vehicle to deliver pizzas and for towing heavy equipment.
3. Unlike personal auto insurance, Commercial insurance is tax deductible as a business expense. If you use your vehicle as a method to deliver newspapers, then your commercial insurance premium is deductible.
4. Commercial insurance tailors to your needs. Coverages are not consistent. While the coverage of whatever cargo you may be carrying is a consistent part of a commercial insurance policy, the reimbursement for renting another vehicle while your business vehicle is being repaired or serviced is not. Businesses that rent vehicles from other businesses to carry out business, such as moving companies that rent form trucking firms, need a non-owned vehicle coverage. On the other hand, businesses that rent out vehicles to other businesses still need commercial insurance coverage on that vehicle.
Workers compensation costs are pressing business challenges. The prices are associated with employee injuries incurred while on the job. These expenses include payment for loss of time or permanence inability to work, or even medical bills. Workers compensation is a growing expense in the industries and should not be assumed. Employees can consider the following tips to prevent workers compensation claims.
• Register for Insurance Policies
Accidents are prone to happen in any working environment. Workers compensation insurance covers employee’s medical benefits and wage replacement for injuries experienced while on the job.
The policy makes sure that the employee relinquishes any intentions to sue the employer for negligence. There are several categories of insurance covers that work to the benefit of both the employer and employee. It is advisable to consult insurance brokers with a vast knowledge of policies when choosing a cover that suits your environment as an employer.
• Report All Claims to the Insurer Promptly
Reporting workers compensation claim on time results to effective incident management. Make sure to report any employee’s injuries immediately for ease and smooth claim process. Also, avoid delays in attaining medical reports and reaching a settlement decision. It is advisable for employers to make sure the plaintiff signs a medical relief at the time of injury to hasten the compensation.
• Communicate with all Parties Frequently
The employer should keep in touch with the claimant. It is essential to keep them updated on the compensation process. Where it is applicable make sure to stay in communication with their healthcare provider.
Frequently follow up with the claim representatives to manage the application and arrive at proper resolutions in any involved issue. The agreement with the employer should be able to cater for the return to light duty, medical benefits, and regular duty covers.
For employers to manage workers claims better, they should make sure they are familiar with relevant regulations and process. It is advisable to consult insurance brokers like Hale & Associates to find out the insurance policies that will enable you to have peace of mind.
Try insurance policy cover that works best for your employees and ease claim worries.
Workplace accidents occur regardless of any stringent measures set in place. Fortunately, that’s where workplace compensation insurance comes in. It’s no longer an option to have workers’ compensation. It’s a necessity.
What is Workers Compensation?
Workers’ compensation is a type of insurance purchased by a business owner and its meant to cover employment-related injuries. The employee receives the benefits in the event of an injury on the job. In exchange, the employee gives up their right to sue your company for the tort of negligence.
Getting workers’ compensation from an insurance brokerage is considered mutually beneficial. The employer is protected from damages that could bankrupt them, and the employee gets compensated for their injury without an uncertain and lengthy legal battle.
What the Workers Compensation Covers
Workers compensation covers any accidental workplace injuries. The employees receive the payout regardless of who made a mistake. While this type of coverage includes most injuries, there are exemptions.
In some states, employees have to undergo alcohol and drug testing, and if found under the influence, the benefits can be revoked. Also, benefits can be denied if the employee was not on the job at the time of the injury, the injury occurred as a result of a violation of company policy, or if the injury was self-inflicted.
Payments provided by Hale & Associates help to cover the cost of wage replacement and medical care for employees unable to work for a long time as a result of the injury. The wage replacement payments are entirely untaxed even though they amount to a percentage of the employee’s average income.
Benefits of Workers’ Compensation
Getting a cover from workers compensation insurance brokers has various benefits:
Businesses have set budgets, and unforeseen expenses such as payment of medical bills and loss of wages can result in bankruptcy.
With the right coverage, you have access to professionals who will help you through the claims process.
Workers’ compensation is a critical element of any liability and risk management plan.
Accidents are becoming common as a result of reckless driving. With driver policy, reckless-driving associated cases are reduced as drivers become more responsible reducing road accidents.
Employees driving company vehicles must observe safety, traffic, and criminal laws of the state. The purpose of the driver policy is to ensure the safety of the individuals driving the company vehicle as well as providing guidance on proper use of an organization vehicle. Road accidents are costly and may injure you and other people. With driver policy, it is the responsibility of the driver to operate the vehicle reliably and drive defensively to prevent damages and personal injuries.
Driver policy is one of the wise risk management tools that are at your disposal. Remember, you are entrusting your employees with multi-ton trucks bearing your company’s name. Driver policy shows your insurer and drivers that you are serious and keen on protecting your property.
Driver policy helps reduce claims as well as keeping safety in the minds of your employees. The risk management plans that you put in place will be helpful in controlling claims and premiums. Today, exposure to catastrophic events is on the rise. At the same time, accidents are occurring at a more frequent rate and the value of compensation is increasing. With a driver policy, the driver is careful, and such accidents are reduced.
Reduced Fuel Costs
Petrol and diesel prices have been increasing for the last couple of years. Drivers signed on a driver policy are careful and drive within the set speed limits, thus keeping consumption on manageable levels. Hale & Associates Inc. to get all your driver policy requirements handled.
The attitude you take when you are behind the wheel is an essential factor in ensuring safe driving. Drivers who are signed to a driver policy are always careful and cannot consume alcohol or illegal drugs while driving the company vehicle, or before their shift if such consumptions would affect their judgment while on the job.
Do you need an insurance brokerage firm that will offer your company a proper driver policy, do not hesitate to visit Hale & Associates Inc.
Most people have some experience when it comes to buying insurance policies for their homes, automobiles and businesses. After buying a number of different insurance policies covering individual assets, people think that they have all of their bases covered. Unfortunately, however, this is often not the case. Many times there are gaps in your insurance coverage that will leave you liable if an unexpected event occurs. This is where umbrella insurance policies come into play. Hale & Associates Inc. is a highly- experienced insurance brokerage firm in Alaska that will find you an umbrella insurance policy that perfectly suits your needs.
Umbrella insurance policies cover a broader range of things than your primary insurance policy covers. An umbrella insurance policy is necessary to cover any gaps and exclusions that will leave you exposed to liability under the terms of your primary insurance policies. For example, there are a lot of circumstances that are not covered by either your homeowners or auto insurance policies. Without a well-considered umbrella insurance policy, you can be exposed to potentially devastating financial liability.
In addition to filling in gaps between your primary insurance policies, umbrella insurance policies also can provide coverage for claims that exceed the policy limits of your primary insurance policies. For example, damages from an auto accident can greatly exceed your insurance policy limits. You need an umbrella insurance policy to protect your assets in the event of a high-liability mishap. Don’t take chances with your financial future when an AK insurance brokerage firm can provide you with affordable umbrella insurance policies that will provide you with the coverage that you need.
Hale & Associates Inc.
Hale and Associates have been providing professional insurance brokerage services in Alaska for over 25 years. They pride themselves on providing the highest-quality insurance brokerage services available. Hall & Associates will find the right insurance policy for any entity, large or small. In addition to private insurance policies, they specialize in providing insurance policies that are designed to meet the needs of larger organizations such as governmental entities, corporations and construction companies. Don’t take chances with your financial future, call Hall & Associates for a free consultation to find out how they can help you protect yourself.
A surety bond is a form of insurance that specifically applies to business contracts and the requirements of each party to fulfill the contract terms. The surety can be applied to several components of a contract and can be directed at either party in the agreement. A surety is effectively a financial guarantee that a third party will issue payments for a specific part of contract to be completed properly and on time. In some instances, the surety company also has the option to find an alternate contractor to complete the partially completed work of the original contractor.
Types of Surety Bond
There are effectively four types of surety coverage available on the market. One type of bond covers contract bids and usually covers the initial establishment of the contract and that the contractor can provide the necessary stipulations of a contract. A performance bond ensures that the work will be completed according to contract specifications on a timely basis. A payment bond is designed to ensure that payments are made to subcontractors and suppliers who are to perform certain work according to a contract. Ancillary bonds normally cover aspects of a contract that are not directly related to work performance and payment for services.
When Do I Need Surety Protection?
While commercial bonds are available for small simple agreements between two parties, there are many instances where surety insurance is a requirement for contract completion. This is especially true when contractors are required to deliver a project for the federal government, as any contract in excess of $150,000 will always require a surety arrangement of some type. This is actually an excellent form of additional coverage for any project of even a moderate financial amount because it is in place to financially protect all contracting parties.
Can the SBA Help?
Sometimes a small business cannot qualify and will need some form of additional guarantee that the contract can be fulfilled. The Small Business Administration Office of Surety Guarantees can then provide additional assurance of protection for contracts up to $6.5 million, and sometimes up to $10 million when the government can qualify the small business for additional coverage. There is a small additional fee, but SBA assistance is not uncommon.
If you are in need of any form of surety insurance contact Hale & Associates Surety Company and let them evaluate your contract situation need for any protection available.
Construction Company? Are you Covered?
Insurance for Your Construction Business
Is your construction company covered on all sides? From local general contractors to national brands, protecting your construction business from risk is a necessity. No matter what size your business is, you need insurance that addresses areas of risk associated with your company. This can include crane, scaffold and excavation safety, construction ergonomics, and more.
This type of insurance covers the materials and items used during construction projects. For example, if you have a fleet of bulldozers, stocks of lumber, and cement mixing machines, you could cover them all under your builder’s risk policy. This protects against any physical loss or damage to your equipment or materials.
A typical property coverage policy will cover assets located at your business address. However, if you have materials or equipment that you regularly move from place to place, then you need inland and marine insurance. These types of policies can cover any equipment or materials that don’t have a permanent home at your business address.
If your business has commercial general insurance or a property insurance coverage, you still might not be protected from pollution liabilities. Pollution liability insurance can include the cost of brown field restoration and cleanup, and also death or injuries caused by pollution.
More To Choose From
These are just a few of the different types of insurance policies that construction businesses might need to protect their operations. Other types of insurance include general liability, worker’s compensation, property, auto, and excess liability insurance. Hale & Associates can help you to select the best coverage for your construction business so that you can operate with peace of mind.