Common Misconceptions About Insurance

We at Risk Averse recently ran a survey asking respondents to answer a variety of true/false questions about the insurance industry in order to gauge the general public’s familiarity with certain insurance policies. With the results from over 700 respondents, we created a brief video clarifying these common misconceptions about insurance… and some of the results may surprise you!

Workers Compensation Insurance

Our first question was whether workers’ compensation insurance is required when you have one or more employees. The majority of respondents answered this correctly; workers’ compensation is required if you have at least one employee. Even if you’re paying your employee on a 1099tax form, you still need coverage.

Red Cars and Insurance Rates

The next question was: true or false? Having a red car increases your insurance rates. The responses were 50/50, but the color of your car actually has no bearing on how much you pay for car insurance. Driving history, credit, age, and a number of other factors affect your premiums, but you can feel free to get any color vehicle you’d like as it will not raise your rates!

Flood Insurance

Another question on our survey asked whether flood insurance is covered on a standard homeowner’s insurance policy. It is not covered, but the majority of respondents believed that it was. If you live in a flood zone, it is essential that you purchase a separate flood insurance policy in the event that your home is flooded in order to receive compensation for lost or damaged property.

Professional Liability vs. General Liability

When asked if general liability offers the same coverages as professional liability, most respondents incorrectly voted that it does. Professional liability covers professional services while general liability does not. A general liability policy provideslegal representation and pays for covered damages caused by you or an employee. If you’re providing professional advice in some way, it’s important to get a professional liability insurance policy as general liability will not cover any claims that fall under these services.

Driving Without Insurance

Our next question asked respondents:true or false? It is illegal to drive a car in the U.S. without car insurance. Thankfully, most of thesurvey participants got this correct by selecting that it is true. However, this does not mean that there aren’t people on the road driving without coverage, so make sure you are protected with a car insurance policy.

Workers’ Compensation and General Liability

The last question in our survey asked whether workers’ compensation is covered under a general liability policy and most people got this correct as well. Employee injury is not one of the coverages included on a general liability policy, so it is essential that you purchase a separate workers’ comp policy if you have at least one employee.

Call Risk Averse Insurancein Media, PA to discuss your business or personal insurance.

Risk Averse Insurance is an insurance agency in Delaware County that specializes in providing high-quality insurance products at an affordable price.

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Don and Megan were extremely helpful and a pleasant to work with. Highly recommend. They went above and beyond to get me insured quickly and at a really good rate.
Jojo Anaya
Jojo Anaya
Friendly, helpful and great prices.
Susan Young
Susan Young
Our construction company recently switched over to Risk Averse Insurance. We moved all of our policies over to this company. Our agent, Don Blizzard, was amazing! He was upfront and explained everything to us so we understood what we were getting. He made the process very easy and the turn around was very fast! There were no issues! Not only did we get great deals, we got better coverage than we ever had. I would definitely recommend this company! They are the best!
Kelly Robb
Kelly Robb
I recently switched to this company this year for all my business insurances and couldn’t be happier. The service my agent Don Blizzard provides is amazing. I started recommending to all my colleagues and family. Definitely worth reaching out for quotes if you’re a business contractor. Thanks again team
Louis Litwin
Louis Litwin
Just had to file a big claim for a stolen vehicle full of all my professional equipment----the policy they wrote allowed me to get real value back for my stolen equipment so I can come back even stronger!! Big thanks to my agent Don Blizzard for doing such a great job!
Ed Sheridan
Ed Sheridan
Don Blizzard is my agent with Risk Averse and he is absolutely the best. He is quick to respond with any questions or concerns I may have, gets me my certs way faster than expected, and is great at explaining things in a way that a layman can understand. I highly recommend Don and Risk Averse Insurance.
Sean Carter
Sean Carter
Don is a great insurance guy he dose my personal and business insurance every time I call he answers and takes time to answer all my questions and guides me in the right steps
Blaine Kunselman
Blaine Kunselman
I have been using them for over 5 years now and I'm very happy with the service; they always do the best to get me the best and current up-to-date deals and excellent to deal with. I recommend.
Chauncey Brown Jr.
Chauncey Brown Jr.
Ive worked with Don for the last few year's. When I started my buisness I knew I needed help and didn't know where to start.I knew I needed an absolute beast of an agent and every other owner/ operator I talked too said if "You don't have Don Blizzard as an agent then you dont have the best agent. "He took a chance and helped me grow my buisness to where its at today. Riskaverse is the absolute best and since starting my buisness all my insurance is through them with help from Don Blizzard. He has a way to explain it to me where I understand my coverage and exposure and the commercial side including Meghan are the absolute best at getting COI'S sent to potential clients within minutes of requesting the copy.Hands down I only go where Don goes and I know whatever policies are written and where my coverage goes my loyalty will always lay with Don.He took a chance and grew with me and I'm forever grateful to all the staff at RiskAverse for being family and buisness friendly and not looking at me as a number or a client but actually caring and finding us the best for which suits our needs.#TeamDonBlizzard #TeamRiskAverse#TeamMegan
James LeBoon
James LeBoon
I work with Don. He has helped lots of my family and friends for their business and personal insurance. He is super responsive, honest, and hardworking to make sure you are fully taken care of in every aspect of your policy. He cares a great deal about each unique situation. I am fully confident anytime I refer Don.
Molly Eckman
Molly Eckman
Anytime I’ve needed assistance, the staff has always been accommodating. I have, and will continue to refer people here.
Allison Parasink
Allison Parasink
The best I've ever used. Don and the team make u feel protected and being able to lay your head on your pillow at night knowing you are protected is worth more than gold.
Dolans Bar
Dolans Bar
Don and his team have been great to work with and always very accessible which is important when dealing with the stress of getting your insurance set up and doing it right. Highly recommend!
Ryan Callahan
Ryan Callahan
I had the best experience. Don helped me with both auto and homeowners insurance in getting us the best price with great service. Highly recommend!
Gloria McAllister
Gloria McAllister
Fred Burns is the absolute best! Highly recommend!
joanne kelly
joanne kelly
Highly recommend!
Jennifer McGonagle
Jennifer McGonagle
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