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      ‘Uncertainty’ is the only factor which is absolutely certain about the future. We may not be able to predict the future, but we can definitely formulate our strategies to counter the intricacies of the future. Before planning the strategies, we must first need to identify our priorities. These priorities may vary from person to person, depending upon their perceptions towards life. But the various personal insurance schemes are generally designed to incorporate almost all the divergent priority aspects of human life, under the designated categories of schemes. Based on the identified priorities, appropriate personal insurance policies should be taken for the effective management of the risk associated with the future.

     It is important to consult the experts in the sphere of personal insurance for carving the risk management strategies. An expert can quite accurately suggest the type of personal insurance policy, which suits most appropriately, in accordance with the specific requirement of an individual or a group. It is also essential to understand the actual forecasting of a particular policy; moreover the allocation of the premium amount should be in compliance with the resources of the potential policyholder. Even though, we all are capable enough to gauge our priorities, but to estimate the magnitude of the risk involved in different aspects of our life, we can take the help of scientific methodologies like ‘Theory of Probability’ and statistical analysis.

     Personal Insurance covers a wide variety of features related to a person’s life. The most fundamental form of personal insurance is the Life Insurance, which is essentially required to secure the future of a person’s family or close ones, in the event of any assorted adversity, covered under the policy. Long Term Care Insurance is another important segment, which is categorized under personal insurance. This specifically designed scheme helps a person to attain insurance for availing facilities like home care, nursing care, assisted living etc. Everyone should take advantage of long term care insurance scheme for ensuring a strong protection against the complex risks linked with the elderly age or other undesirable events. The importance of this scheme could be understood by the fact that even various Health insurance schemes, usually do not cover the features offered by long term care insurance policy.

     Personal Homeowner’s Insurance covers the risk allied with divergent elements of a person’s property, depending upon the policy package offered by the scheme. This generally also includes Personal Liability Insurance, in-order to protect the policyholder and his or her family from unexpected legal cases filed by any third party. Personal Auto Insurance offers the insurance coverage for the policyholder’s automobiles. Since the automobiles are subjected to high degree of risk, therefore it is extremely important to neutralize this risk factor by taking a well defined personal auto insurance policy. Along with various personal insurance policies, one should also avail the umbrella insurance policy, which is an added protection that generally extends the liability limits of regular policies underneath it.

     A well engineered strategic plan can enable a person to efficiently deal with almost all the unfavorable events hidden in the future. Perhaps, future could not be changed, but personal insurance gives us an opportunity to equip ourselves in the best possible manner to tackle the antagonistic uncertainties associated with our future. Like a true warrior we should stand firm to face the future adversities and meanwhile we should not forget that all our personal insurance policies would support us in countering these adversities, by acting as special arrows in our quiver.

Contractor’s Insurance provides protection to contractors against most of the legal actions and similar liabilities coming along their way at workplace. A contractor is liable for the injuries to workers caused by accidents that happen at workplace. Therefore, it is important for all contractors to cover them with a contractor’s liability insurance.

Getting Contractor’s Liability Insurance provides peace of mind to contractors and protection from financial losses incurred in paying compensation to workers after a lawsuit. It is almost mandatory for contractors engaged in large upscale industries like construction and manufacturing. These places employ a majority of employees working under potentially dangerous places. They are more prone to accidents. In such cases, contractors have to ensure the protection through proper general contractors insurance.

Contractor’s Insurance is also necessary for all subcontractors working under a general contractor. It is important for the general contractors to ensure that all their subcontractors are insured with general liability insurance.

Contractor’s insurance is requirement for companies. No matter your workers are recruited by your or hired from labor consultancies, you are liable for all their injuries at workplace. Therefore, buying contractor’s insurance is beneficial for you (as a contractor), your company, and your workers too. In case of any accidents, you will get financial coverage as written in your insurance contract.

While choosing contractor’s insurance, you need to consider three critical factors:  Insurer, Coverage, and Rates. Colstan & Associates provides contractor’s insurance to contractors in the following areas of Northeast:

§         NY (New York)

§         NJ (New Jersey)

§         MA (Massachusetts)

§         NH (New Hampshire)

§         PA (Pennsylvania)

§         CT (Connecticut)

§         VT (Vermont)

If you are a contractor from any of the above states looking for a suitable contractor’s insurance, you can contact Colstan & Associates for your insurance needs. Our more than two decades of experience in providing different types of personal and commercial insurance proves our skills.

Give us a call on (516) 944-7520 or complete our online form to get started.

Gas Station insurance – Are you in the market for a new gas station Insurance, or opening one a new gas Station.   If so, call Colstan & Associates for a quote on your tow truck insurance, garage insurance, car wash insurance, body shop insurance, gas station Insurance

We can customize the policy to meet your insurance needs.

Can offer building coverage, Contents Insurance, Money & Securities , Inland Marine Insurance, Garage keepers Insurance, Business property Insurance, Employee dishonesty coverage, Loss of income, Low monthly payments, Low down payments, Great customer service, Prompt claims service, Boiler coverage, Hired n non owned autos.    Let us help you customize your policy to meet your needs, and your clients’ needs.

To get a quote please click here and we will get basic info to start the process 

Types of Insurance policies we offer

Colstan & Associates is a Property & Casualty Agency, serving New York, New Jersey & Connecticut.   We provide personal auto insurance, homeowners insurance, Business Insurance, inland Marine Insurance, Commercial auto insurance, Life Insurance, Group Health Insurance, Long Term Care Insurance.  We services thousands of clients each and every day with top quality service. You owe it to yourself for a free price quote, and you can save hundreds from your current policy.

Risk Management is very importance aspect for every business. It deals with discovering, observing, and minimizing any possible chances of risk that may cause some damage (physically or economically) to the business. Nowadays, business owners, entrepreneurs, and even small businessmen are trying to minimize all possible risk caused by known or unknown reasons.

One common risk management approach adopted by all people associated with business is Commercial Insurance. Through different variants of commercial insurance like General Liabilities Insurance, Commercial Auto Insurance, Workers Compensation Insurance, Disability Insurance, Demolition Insurance or Contractor’s Insurance, people secure their business from all incoming risks in future. It is not wrong if we say that commercial insurance is playing a major role in smooth operations of several business entities.

One thing always comes in mind that how much risk a commercial insurance can cover. Well, that depends upon several factors. The most important factors are the selected insurance plan, the premium paid, as well as the objects insured under that particular plan. However, the premium paid is proportional to the total sum insured or the value of objects insured under the insurance plan. The role of expert insurance consultant is vital in this case. Expert professionals from commercial insurance field can assist you in selection of insurance plan or coverage that you need to secure all your belongings and that will save you the most money.

Commercial Insurance serves different purposes of business owners. If your business involves numerous workers working under a critical or high-risk environment like heavy construction, or strictly mechanical systems then “workers compensation” will be an essential need for your business. Your workers will get several benefits including economic aids as par the risk coverage plan in case of injury on job, part of lost wages, and support in case of permanent disability. In return, you will get protection from civil lawsuits by employees over such workplace injuries. So, it’s a mutual benefit situation for both employees and employers.

By adopting multiple commercial insurance plans for your business, you can formulate a risk free or minimal risk working and business environment causing immense growth to your business in long run. Even, you do not have to worry about the financial loss caused by accidents or other dangers.