Business Interruption Insurance in Little Rock, AR 

Businesses can benefit from comprehensive insurance policies that provide financial protection against various risks. One type of coverage every organization should consider is business interruption insurance.

This coverage can help promote business continuity, maintain customer trust and offer peace of mind.

What is Business Interruption Insurance?

Business interruption insurance can provide financial protection if a business faces a significant disruption, such as a severe weather event or fire. It may help cover lost income, ongoing expenses and temporary relocation costs during the Interruption.

Coverage typically lasts until the business can resume normal operations or until the policy’s “period of restoration” ends, as defined in the policy. While some policies include a standard restoration period, insurers often offer options to extend this coverage.

What Does it Cover?

This type of insurance typically covers losses resulting from insured events that cause physical property damage and disrupt operations. Examples of covered events include:

• Falling objects

• Wind

• Fire

• Theft

• Lightning

However, it is crucial to carefully review your policy details to understand the specific coverage and exclusions.

This type of insurance often excludes closures due to infectious diseases, floods or earthquakes unless additional coverage is purchased. It may also exclude expenses like the cost of utilities and undocumented income.

How Much Business Interruption Insurance Do You Need?

When determining how much business interruption coverage your organization needs, assessing your potential risks is essential. This process can be supported by a qualified insurance professional. By evaluating your business’s unique risks and financial resilience, you can work with your broker or insurer to identify coverage that aligns with your needs and circumstances.

Learn More

Contact Sunstar Insurance of Arkansas to discuss your business insurance portfolio today.

Surety Bonds

Surety bonds can help build trust with clients as they provide assurances that your business will adhere to a contract or meet applicable regulations. In some situations, surety bonds may be required before work on a project can begin.

Our knowledgeable team can help you secure the surety bonds that meet your business’s needs. Contact us today to get started.

What Is a Surety Bond?

A surety bond is a form of consumer protection and is a contract among three parties:

The principal (e.g., your company) purchases and carries the surety bond.

The obligee (e.g., your client) requires the principal to secure a bond. The obligee may be a private party or a governmental entity.

The surety (e.g., an insurance company) underwrites and maintains the bond.

If the bonded principal fails to meet their contractual obligations, the obligee may file a claim against the bond. The surety then investigates the situation, and the principal may have a chance to fix the issue. However, if it isn’t remedied, the surety may provide financial compensation to the obligee up to the bond amount. The principal is subsequently obligated to reimburse the surety for that payment.

Surety Bond Examples

There are several types of surety bonds, including:

• Bid bonds—These guarantee a business submitted a bid in good faith and will start a project if they win the contract.
• Performance bonds—These guarantee a business will complete a project in accordance with the contract’s terms.
• Payment bonds—These assure that contractors will pay suppliers and subcontractors for their materials and labor.
• Maintenance bonds—These guarantee that defects in workmanship or materials will be remedied if the problem arises within a set term (e.g., one year) after a project is finished. They are also known as warranty bonds.
• License and permit bonds—These guarantee a business will comply with applicable laws and regulations. They may be required before receiving a license or permit from a governmental entity.

Other types of surety bonds may be available. Contact your agent for more information.

Contact Us

Our knowledgeable professionals can help you get the surety bonds your business needs. Contact Sunstar Insurance of Arkansas today for more information.

Personal Lines Insurance

Numerous types of insurance protection can safeguard the financial livelihood of people. Any coverage purchased by an individual or family to protect themselves is known as personal lines insurance.

What Are Examples of Personal Lines Insurance?

Personal lines insurance can include homeowners insurance, health insurance, auto insurance, renters insurance, disability insurance, umbrella insurance and other types of property and casualty insurance. It’s important to note that personal lines insurance may not cover all incidents that can be financially devastating to an individual or family. Our expert advisors can assess your needs to determine the appropriate level of coverage.

How Can I Learn More About Personal Lines Coverage?

All insurance buyers need to understand their coverage options and risks. Personal lines buyers have many options, and they may not be aware of the various types of insurance available to them or the factors that might affect their coverage. We can help you get more information on auto, home and life insurance so you can be confident in your choice of coverage.

How to Get Personal Lines Coverage

Personal lines insurance may give you the peace of mind you need for your daily risks. Call Sunstar Insurance of Arkansas today to learn more about personal lines insurance or to get a no-obligation quote.

Toy Vehicle Insurance

Recreational toy vehicles, such as all-terrain vehicles (ATVs), jet skis and snowmobiles can be exciting to use. Like any motorized vehicle, toy vehicles are vulnerable to various unforeseen accidents. Having the right toy vehicle insurance policy can protect you from high accident-related costs. Selecting the right coverage can be difficult, which is why our agency is determined to help you learn more about your potential coverage options.

What Toy Vehicle Insurance Covers

Coverages tend to vary among policyholders, but standard toy vehicle insurance policies might include options such as:

• Liability coverage helps cover expenses if you or someone listed in your insurance policy are at fault in an accident that causes property damage or bodily injury.
• Uninsured/underinsured motorist protection helps cover repair expenses if a driver with little or no insurance damages your toy vehicle.
• Custom parts/equipment coverage helps protect against damages to custom enhancements made to your toy vehicle.
• Medical payments coverage helps cover medical bills if you or your passengers are injured in an accident.

Contact our agency to learn more about potential coverage options included in your toy vehicle insurance policy.

How to Get Toy Vehicle Insurance

Sunstar Insurance of Arkansas can help you navigate toy vehicle insurance policies so you can decide on the proper coverage. Contact one of our agents today to learn more or request a quote.

Employee Benefits in Little Rock, AR

In the modern era, employee benefits have become an increasingly critical part of your organization’s operations and culture. Also known as group benefits and voluntary benefits, these programs and perks can lay the foundation for how employers offer additional advantages and incentives to their workforce. Still, while successfully deploying employee benefits can reap many benefits for employers, doing so can be a complicated process that demands a full understanding of a complex subject.

What Is the Purpose of Group Benefits?

Group benefits can provide many advantages for employers and their workforces. By offering these additional perks and rewards, your organization may offer employees the resources and opportunities to maintain health, improve wellness, advance skillsets and limit stress levels. These benefits may have particular value for companies, as they can reduce overall risk levels, include various opportunities for cost savings, improve employees’ productivity levels and increase attraction and retention rates.

How Does Group Benefits Work?

While the exact components and features available in an employee benefits portfolio may vary, these offerings generally provide employees with various opportunities to get more out of their status as a member of your organization.

Your business’s HR team and senior leaders should work diligently to identify group benefits that may be valuable to your employees, such as employee insurance plans, employers’ workers’ comp coverage, 401(k) plans, paid time off and training and education opportunities.

After composing your company’s employee benefits portfolio, your workers can often select which programs and opportunities they would like to enroll or participate in. It may be advisable to survey your employees regularly to get direct feedback on the benefits they value.

What Is Included With Group Benefits Insurance?

Your group benefits package may include several types of insurance. Various types of insurance arranged or sponsored by employers often comprise the backbone of employee benefits portfolios, so you should be diligent and vigilant in assessing and addressing these offerings. Consider the following options:

• Group health insurance—Also known as employee health insurance, these plans can provide workers with more affordable coverage while creating financial opportunities for your organization, such as tax-deductible contributions.
• Group life insurance—These policies, which may include group term life insurance, voluntary employee life insurance and basic life insurance, can help your employees ensure their families will be provided for after they are gone.
• Employers’ workers’ comp—Legally required in most cases, this type of coverage can reassure your employees that if they are injured on the job or develop a work-related illness, they can access the medical care, training, rehabilitation and disability benefits needed to recover. Additionally, this type of insurance may help your organization pay for legal fees if sued following work-related illnesses or injuries.
• Employee benefits liability coverage—This insurance product can generally be seen as a specialized type of errors and omissions insurance and may also offer peace of mind to your employees while financially protecting your business if you mismanage group benefits.

While these coverages can be integral components of employee benefits offerings, there are many others that your organization may want to consider. Talk with the qualified professionals at Sunstar of Arkansas to learn more about your options.

How Does Employee Health Insurance Work?

One of the most common benefits is offering group health insurance to your employees. Generally, employees on your payroll will be allowed to enroll in coverage, and a certain percentage of eligible members must do so to keep your plan active. In many cases, you may also allow employees to enroll their spouses and children in the plan, as this may help them save on their total insurance costs while ensuring they can care for their families.

We’re Here to Help

At Sunstar of Arkansas, our knowledgeable staff has over 200 years of combined experience in the insurance industry. We will draw on this extensive background to help your organization understand employee benefits and compile an optimal collection of offerings. Contact us today to get started.

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Dental Insurance in Little Rock, AR

Which dental insurance has the best coverage?

Selecting the right dental insurance is crucial for maintaining oral health without incurring significant out-of-pocket expenses. With various insurance plans available, understanding which options provide the most comprehensive coverage—including for specialized procedures like implants—can help you make an informed decision. If you’re looking for guidance on dental insurance in Little Rock, Arkansas, Sunstar Insurance of Arkansas is here to assist you in finding a plan that aligns with your dental care needs.

Which Insurance Plan Covers Implants

Dental implants are a popular solution for replacing missing teeth due to their natural appearance and durability. However, not all dental plans offer coverage for implants, as they are often considered a cosmetic procedure.

When evaluating insurance plans for seniors or individuals, look for full-coverage dental plans that may help cover some of the costs associated with dental implants. Key considerations include:

• Coverage limits—Some plans have annual maximums that may only partially cover the cost of implants.
• Waiting periods—Certain policies may require a waiting period before claiming implant benefits.
• Percentage of coverage—Plans differ in the percentage of the procedure cost they cover.

Where to Get it

At Sunstar Insurance of Arkansas in Little Rock, we’re committed to helping you navigate the complexities of finding a plan that supports your oral health goals. Contact us today for a personalized consultation and take the first step toward securing the dental coverage that best fits your needs.

Vision Insurance in Little Rock, AR

Your vision and optical health are integral to your overall health and wellness. Issues with your eyes and sight can have extensive and adverse impacts on your daily quality of life. With this in mind, you should prioritize ensuring appropriate access to essential optical health care services by acquiring and maintaining adequate vision insurance.

How Vision Insurance Works

Like many types of coverage, vision plans establish a contractual agreement between you and your insurance company. By selecting a policy and maintaining coverage through regular (e.g., monthly) premiums, you can retain financial assistance for various optical health services, products and procedures.

How to Use Vision Insurance

The details, capabilities and limitations of your vision coverage may vary depending on your policy and insurance carrier. Your coverage selections and budgetary preferences are integral in determining how and when you can use your insurance for financial assistance. In many cases, the following are covered:

• Regular checkups
• Screenings
• Frames
• Lenses
• Contacts

In addition, vision policies may also contribute toward eye-related operations and procedures, including LASIK. Depending on the services in question, you may be required to meet your deductible or contribute an out-of-pocket copay.

Where to Get Vision Insurance

Employers commonly offer vision coverage. It’s important to note that vision coverage is often separate from a health or dental plan. In addition, plans may be available through the Health Insurance Marketplace. Eye insurance plans are typically separate from general health insurance and include their own premiums, deductibles and other details.

Learn More

At Sunstar Insurance of Arkansas, our dedicated staff has over 200 years of combined experience serving the insurance needs of families, individuals and businesses. We will work with you to help you fully understand your coverage needs and secure optimal coverage. Contact us today to learn more about affordable dental and vision coverage.

Travel Insurance

Trips take a lot of time and effort to plan. Fortunately, after all that planning, travel insurance can protect you against financial losses if you must cancel, delay or interrupt your excursion.

Travel insurance offers coverage against the loss of non-refundable travel costs, such as airfare, hotel and tour expenses. In addition, other types of travel insurance may protect against losses due to medical emergencies, damage to personal property and death that occur away from home.

How Many Types of Travel Insurance Are There?

A variety of types of travel insurance are available. Coverage can be beneficial depending on the trip you’re planning, who will be traveling with you, and what potential incidents could arise that might impact your trip. Sunstar Insurance of Arkansas can assist you with your travel insurance so you can enjoy your trip knowing you have protection if something unforeseen should happen. A few key types of coverage to consider include:

Trip Cancellation/Delay/Interruption Insurance

• Trip cancellation reimburses you for pre-paid travel expenses if you can’t take your trip because you or a family member becomes ill or dies.
• Travel delay reimburses you for pre-paid expenses if you can’t take your trip because of a travel interruption, such as a flight delay or cancellation.
• Trip interruption reimburses you for pre-paid expenses if your trip is cut short because you or a family member become ill or die or because of any other misfortune listed in your travel insurance policy. Some reasons that may be covered include bad weather, airline strikes, terrorism, bankruptcy, jury duty or damage to your home.

Medical/Accidental Death Insurance

• Accidental death covers death or dismemberment at any time during a trip.
• Air flight accident covers death or dismemberment during flight only.
• Common carrier covers death or dismemberment while traveling on public transportation such as a plane, ferry, train, bus or taxi.
• Emergency medical expense reimburses you for medical and emergency dental costs because of an illness or injury while traveling.
• Medical evacuation provides emergency transportation to take you either to a hospital near your area of travel or for transportation back to a hospital near your home.

The two primary types of medical travel insurance policies are short-term medical and major medical coverage. Short-term policies cover a traveler from five days to one year, depending on your policy. Major medical coverage is if you plan to take a more extended trip ranging from six months to a year or longer. We can help you determine if this additional coverage would be beneficial for you for your trip.

Baggage and Personal Effects Coverage

A frequent travel problem is the possibility of baggage and personal belongings being lost, stolen, or damaged. This coverage may also include protection during travel to and from your destination.

Often airlines will reimburse travelers if their baggage is lost or destroyed because of their error. However, there usually are limitations on the reimbursement amount, which makes baggage and personal effects coverage an added layer of protection.

Do I Need Travel Coverage?

Almost half of American travelers have faced fees or had to absorb the cost of losses because they traveled without travel insurance, according to a 2021 survey by the insurer Battleface. And now, following the COVID-19 pandemic, 36% of Americans say they’re more likely to purchase travel insurance for trips abroad, while 34% said they’re likely to do so for domestic trips.

What Much Is a Travel Insurance Policy?

Travel insurance varies by provider. Your premium cost is determined by the coverage you’ve chosen, your age, destination, and the cost of your trip.

At Sunstar Insurance of Arkansas, we can help you explore the various types of coverage available. Call us today to get started on a travel policy that will give you peace of mind, regardless of your destination.

Medicare

Medicare is a federal health insurance coverage for qualified individuals. You can qualify for Medicare coverage if you’re 65 years old, have specific disabilities, or have end-stage renal disease. Medicare coverage can be complex, so it’s beneficial to speak with an agent before choosing your coverage.

What Is Medicare?

Medicare is multi-part healthcare coverage for qualified individuals. Once you determine whether or not you want to enroll, you will have to decide which parts you will enroll in. The parts of Medicare include the following:

• Part A, also known as hospital insurance, includes health care costs associated with hospital stays and limited stays at a nursing home, hospice care and some costs for home health care. Part of Original Medicare.
• Part B, also known as medical insurance, is for everyday health care expenses, any outpatient care you might receive, specific medical supplies and preventive care. Part of Original Medicare.
• Part C, also known as Medicare Advantage, is an alternative to Original Medicare. It becomes your primary coverage; most Medicare Advantage Plans include Part D Medicare prescription drug coverage. Some Medicare Advantage Plans offer additional dental and vision coverage and fitness memberships.
• Part D, also known as prescription drug coverage, will help cover the costs of medications prescribed for your health condition. Individual Medicare drug coverage plans use a formulary developed by a pharmacy and therapeutics committee composed of pharmacists and physicians to regulate which medications they’ll cover.
• Medigap, also known as Medicare Supplemental Insurance, is a supplemental health insurance program to cover health care costs that Original Medicare does not. You can only purchase Medigap insurance if you’re enrolled in Original Medicare. It cannot be used with a Medicare Advantage Plan.

When Do I Enroll in Medicare?

The enrollment process for Medicare can be a little different for everyone. Be sure to check with your Social Security Administration three months before your expected start date of Medicare to be sure everything is in order if you are eligible for automatic enrollment. Automatic enrollment is available for you if you:

• Are you already receiving Social Security benefits (at least four months before start)
• Receive U.S. Railroad Retirement Board (RRB) benefits (at least four months before start)
• Are under age 65 but have a Social Security disability for 24 months
• Have amyotrophic lateral sclerosis (ALS or Lou Gehrig’s disease or ESRD)

If you are about to turn 65 or are not receiving Social Security benefits, you will have to enroll on your own. Enrollment can vary based on individual circumstances, so be sure to contact an agent if you have questions about your enrollment process.

How to Get Started With Medicare

Medicare is a complex coverage that you shouldn’t have to navigate alone. Reach out to an agent to learn more about your enrollment process today.

Workers’ Compensation Insurance

Accidents happen in the workplace, no matter what precautions you have in place. Workers’ compensation insurance is designed to help cover the costs associated with a work-related injury or illness. We’re here to help you sort through business insurance, including workers’ compensation insurance benefits. Contact us today to get started.

What Is Workers’ Compensation Insurance?

Workers’ compensation insurance is a type of business insurance policy that provides benefits to employees if they suffer work-related illnesses or injuries. Workers’ compensation benefits typically include coverage for paying for medical care and lost wages from time missed from work.

Employers also benefit from workers’ compensation insurance, as it can help protect your business from lawsuits and keep it compliant with state regulations.

What Are Workers’ Compensation Benefits?

Workers’ compensation may provide various benefits to employees who experience an injury or illness, including:

• Medical benefits—Employees may receive compensation to cover doctor appointments, hospital visits and medications.
• Wage-loss benefits—If an employee cannot return to work at total capacity, wage-loss benefits may help them supplement their lost income. This benefit may last until the employee has recovered or until the wage-loss benefit limit has been reached.
• Vocational rehabilitation benefits—Employees may receive access to vocational rehab services to help them learn new skills and reenter the workforce after an injury.
• Death/dependent benefits—If an employee loses their life because of a work-related injury or illness, workers’ compensation may help cover funeral costs and lost income. These benefits are typically provided to the spouse or dependents of the deceased.

Worker’s compensation laws vary by state, which may impact the limits and duration of benefits and the type of employers required to have it. Reach out to an agent to discuss specific requirements for your business.

How to Get Workers’ Compensation

We’re ready to help you secure workers’ compensation coverage for your business. Contact Sunstar Insurance of Arkansas today for more information or a quote.