Entries by Murphy Insurance

Workers’ Compensation Insurance: 3 Key Factors to Consider

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Workers’ Compensation Insurance, commonly known as “Workers’ Comp,” provides vital financial support to employees who sustain work-related injuries or illnesses, covering medical expenses and compensating for lost wages during recovery periods. In Massachusetts, it’s mandatory for all organizations with employees, regardless of size or the number of employees working across state lines, ensuring comprehensive protection for the workforce.

4 Things to Do After Buying Life Insurance

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While life insurance is personal, it’s something to discuss with your loved ones. Certainly, use your discretion and judgment, as there may be individuals you feel should not know. If you have an executor, he/she should be aware of your plans, and often, the beneficiary is informed. Your loved ones can’t be protected if they don’t know the protection exists.

Renters, You Need Insurance, Too!

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Did you know? According to a survey by Apartments.com, 58% of renters don’t purchase tenant insurance, often due to misconceptions about its cost or existence. However, the average price for a policy covering $20,000 in personal property and $500,000 in personal liability is approximately only $200 a year, making it an affordable option for protecting your belongings and financial security.

Changing “Garaging?” Don’t Delay In Telling Your Agent

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The location where your vehicle is primarily parked overnight is termed the “garaging location”. If the garaging location changes, your auto insurance policy states that you are required to notify the insurance company immediately. There is no grace period for notification; therefore, it’s a good idea to let your agent know in advance when a garaging change will occur.