Taake Insurance Agency wants to help you protect your family. If you are a resident in the greater Columbia, IL area, you can count on us. Having the right life insurance policy in place can help your family cope with the stress of an unexpected death. Give us a call today and find out more about the options available in our area.

Benefits of life insurance for a bereaved family

Losing a spouse is always a traumatic event, even if you are lucky enough to enjoy a long life together. It can be even more complicated if the death is unexpected and you have young children.

In any situation, having an appropriate level of life insurance in place can make coping with the situation a bit less stressful. Of course, money cannot ease emotional pain, but grieving can be more manageable when there aren’t any financial concerns.

With a robust policy in place, surviving family members can take care of burial costs and other end-of-life expenses without worrying about filing a claim. Having financial stability can also help maintain some sense of normalcy for small children. 

Knowing that you and your family can remain in your home, even after the death of a spouse, can help the transition period for all family members, not just children.

Now is the perfect time to find out how a life insurance death benefit can help secure your family’s future, no matter what may happen. 

Call today and set up an appointment.

Taake Insurance Agency is here to help with all of your insurance needs. If it’s time for you to start thinking seriously about life insurance, give us a call today. We are proud to serve the Columbia, IL community!

With the recent increase in cyber attacks, no business is safe from threats. Contrary to popular opinion, small businesses present an easier target for cybercriminals than large multinational companies because their cyber defenses are often far less robust. Consequently, whether you own a business in Illinois with ten employees or a hundred, you need to protect yourself from the rise in data breaches, phishing attempts, and other cyber incidents with the appropriate insurance. 

There are two main types of cyber liability insurance: first-party coverage and third-party coverage. First-party coverage is for paying costs that directly impact your business. For example, if your network is hacked and sensitive customer information is stolen, first-party cyber liability insurance can be used to cover any of the following:

• Extortion payments
• Hiring an outside firm to investigate the data breach
• Regulatory fines
• Notification to impacted customers
• Crisis management and public relations
• Customer credit and fraud monitoring services

The second type of coverage, third-party cyber insurance, protects you if a client blames you for failing to prevent a data breach or cyberattack at their company. Third-party cyber insurance is predominantly used by IT consultants that may be hired to provide specific technological services to a company. This type of coverage can pay for legal defense costs, settlements with the third party if settled out of court, and judgments that you may be required to pay after a breach. 

At Taake Insurance Agency in Columbia, IL, our professional team of insurance masterminds will help determine if cyber liability insurance is needed for your business. Call us today to schedule a no-obligation consultation to learn more about our insurance offerings.

You probably know that the US health insurance marketplace holds open enrollment annually. What happens if you miss it though? Perhaps your situation changed and now you need insurance, but your employer-provided it before. Taake Insurance Agency serving Columbia, IL can help you obtain the health insurance policy you need.

You do not need to wait for open enrollment if you qualify for an exception. If your employer fired you or closed their business, that’s an exception. Other exceptions include your spouse’s death or another life-changing occurrence that was out of your control, like a transfer that moves you across the country.

You fill out the form at the marketplace and document your exception. This lets you purchase insurance through the marketplace purchase from Taake Insurance Agency. You will need to provide proof of the exception, such as separation paperwork, documentation of your move to Illinois or Columbia specifically, and show that this negates your use of your current health insurance. Your new employer must provide insurance, but if you have to re-locate without having a job, you can obtain it through us.

You can also purchase a temporary policy if you do not qualify for an exception. To do this, you also visit the marketplace and choose Taake Insurance Agency. This displays the temporary plans we have to offer. You choose one and purchase it. These policies provide coverage while you wait for open enrollment. You must purchase full health insurance once open enrollment occurs.

You can avoid going through the marketplace by contacting Taake Insurance Agency serving Columbia, IL. We can help you obtain the health insurance you need directly.

When it comes to protecting your family, one of the most important things you can do is to make sure that they will be provided for if you are no longer there to take care of them. Trying to get that right is what it is all about. An independent agent who knows you, your family, and your needs certainly can help. At Taake Insurance Agency in Columbia, IL, we have more than 40 years of experience providing our customers with the highest quality products and services.

How much life insurance you need is something that only you can determine. Not your employer, and not your insurance agent. Only you know the amount of insurance that will allow you to sleep at night knowing that your family and loved ones will be taken care of if something happens to you. 

Determining that amount requires careful consideration and answering some questions honestly. Who depends on your income? Elderly parents, spouse or partner, children or dependents? All of these are potential people who count on you for financial support. 

How long will you need to support this or these dependents? This is an important figure. Think about it in terms of years. How many years of your income will you need to provide? Does it need to be equal to your entire income or is it just supplemental support? Once you have these figures you need to do some math. How many years times how much money. Now you have a figure to consider for the amount of life insurance you need. 

You need to be able to afford life insurance for tomorrow while living today. It can be a fine balance that you must maintain.  

Contact Taake Insurance Agency in Columbia, IL with all your life insurance needs and questions.

Businesses have many options to choose from when it comes to insuring their company. Everything from general liability to workers’ compensation helps protect the business owner from anything that may and can happen. However, the different insurance options have limits as to how much is paid out. When there is a large claim, and the policy has paid everything it is supposed to, the Columbia, IL business owner is left responsible for the remaining amount. Where other policies stop paying is where commercial umbrella insurance comes to the rescue. 

Reach out to the experts at Taake Insurance Agency for more details about how commercial umbrella insurance can provide you the added protection your business needs. 

What is Commercial Umbrella Insurance?

Commercial umbrella insurance provides business owners with extra coverage to help pay for costs they are liable for beyond their general liability insurance limits. Anything you would have had to pay out of pocket for liability claims are covered by a commercial umbrella insurance policy. Payouts from an umbrella insurance policy include legal costs, medical bills, damage to someone else’s property, judgments, and settlements. 

How Does Commercial Umbrella Insurance Work?

When general liability insurance limits are met, the commercial umbrella policy extends those limits, providing additional coverage. For example, an employee is in a car accident with a company vehicle, and your company is held liable for the employee’s injuries and the damage to the other car and the injuries for others in the accident. Chances are, the costs are more than the limits on your general insurance policy. Your umbrella insurance policy protects you and your business by paying the amount after the other policies stop paying. 

Columbia, IL business owners should consider purchasing umbrella insurance. Call Taake Insurance Agency today for additional information about commercial umbrella insurance coverage.