Whedbee Insurance Blog

What Exactly is a Commercial Insurance Audit?

Posted by Justin Whedbee on May 11, 2016 5:15:50 PM

What it is?

Insurance audits are typically performed on commercial insurance policies providing auto, general liability, garage liability, umbrella and workers compensation coverages. When these policies are issued, you are asked to pay an estimated premium. Estimated premiums are based on the nature of your business and your estimate of exposures (i.e. payroll, sales, etc.) for the policy period. Once your policy expires, an audit is conducted to collect information on actual exposures and operations and then determine the final premium.


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Topics: Umbrella Insurance

Whole Vs. Term Life Insurance

Posted by Justin Whedbee on Apr 22, 2016 2:18:25 PM

Both term and whole life insurance policies provide valuable protection for you and your family. However, each has very different features and is better suited for a specific situation. Know the pros and cons of each so you can get the right insurance policy for you.

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3 Reasons It Makes Sense to Get Life Insurance While You're Young

Posted by Justin Whedbee on Mar 15, 2016 12:20:32 PM


Most young adults don’t believe they need life insurance at this point in their lives. Most have always equated life insurance with death. What most young adults don’t know is having life insurance early in their lives can benefit their future in more ways than one. Life insurance is not just about a death benefit, it is also about a stable and successful strategic financial plan.

Besides thinking about the financial impact once you pass, how can having life insurance affect your future? Here are three important benefits to having whole life insurance as a young adult that we think everyone should know.


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Topics: Life Insurance

Everyone Should Know These 3 Things About Homeowner's Insurance

Posted by Justin Whedbee on Feb 12, 2016 10:33:38 AM


Finding the right insurance policy for you can be tricky, time consuming, and frustrating. Often, people get bogged down with complicated insurance jargon and they throw their hands up in frustration. To help you understand the basics of homeowner's insurance, we've listed 3 things every homeowner should know. 

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Topics: homeowner's insurance

Captive or Independent Insurance Agent: What's the Difference?

Posted by Justin Whedbee on Jan 11, 2016 3:04:50 PM

To most people, insurance agents are a dime a dozen. There isn’t much difference between this one and the next. But this couldn’t be further from the truth. For those who are looking to get the most value out of their insurance policies,it is crucial to understand the difference between independent and captive agents.

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Topics: Insider

What Is an Umbrella Insurance Policy? Should I Have One?

Posted by Justin Whedbee on Nov 20, 2015 2:25:07 PM


Many people may feel they have plenty of coverage for any situation between their homeowners and auto insurance policies, but this may not be the case. For example, let’s say you are nearing retirement and you’re suddenly in a car crash. Luckily, you’re OK, but the driver of the other car has some serious medical bills from the accident and you are deemed responsible. If your auto insurance doesn’t cover the costs, you are on the hook and your assets could be seized. Luckily, umbrella insurance policies were created for exactly this purpose. Umbrella policies kick in once you’ve passed the coverage limits on your underlying policies, protecting your assets from possible seizure. 

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The Insider’s Guide to Finding the Best Life Insurance Policy for You

Posted by Justin Whedbee on Nov 4, 2015 3:30:23 PM

Finding an insurance policy that fits your needs can be tricky, especially when it comes to life insurance. Planning for death is hard, but it is something that everyone needs to contemplate. Before you jump head-first into the insurance buying process, there are a few things you need to consider.

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Topics: Life Insurance

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