London’s Amicable Society, founded in 1706, is recognized as the world’s first life insurance company. Their early endeavors were, however, more akin to investment schemes than modern insurance, as policies lacked actuarial principles and relied heavily on social connections. Knowing the evolution of life insurance brings a better understanding of how it works today for our area of Collierville, TN.  

Actuarial Science and Mathematical Foundations

Later, in the 19th century, we witnessed a transformative period for life insurance with the incorporation of actuarial science. Mathematical principles introduce the assessment of risk and calculation of premiums. This era laid the foundation for the actuarial tables integral to modern life insurance underwriting.

Evolution of Policies and Regulatory Frameworks

As the industry matured, various policy types emerged, such as whole life, term life, and endowment policies. Governments recognized the need for regulatory oversight, leading to the establishment of insurance commissions to safeguard policyholders. This regulatory framework provided a stable environment for the industry’s growth.

Globalization and Technological Advancements

In the 20th century, life insurance became a global phenomenon. Advancements in technology-facilitated more efficient underwriting processes and enhanced customer experiences. The industry embraced innovations like online applications and data analytics, streamlining operations and broadening access.

Today’s Life Insurance: A Dynamic Landscape

The historical evolution of life insurance showcases a dynamic journey from communal support systems to a sophisticated, global industry. Rooted in ancient practices, life insurance has adapted and thrived, becoming an indispensable aspect of modern financial planning. It remains the number one financial stability for those left behind after the death of a loved one. 

How Brock and Poole Insurance Agency Can Help You

At Brock and Poole Insurance Agency, we can help answer questions concerning life insurance. We serve the Collierville, TN area. Contact us today.   

Starting a business can undoubtedly be exhilarating. However, as a business owner, you may find yourself and your wealth exposed to serious threats. Fortunately, the right commercial insurance plans can mitigate at least some of the risks. If you live in or near Collierville, TN, and own a business or are considering starting one, contact Brock and Poole Insurance Agency to discuss commercial insurance policies.

Businesses Face Myriad Risks

Starting up a company all but inevitably exposes you to some threats. Often, business owners think of risks in terms of competitors in the market, trade secrets, and losing investment resources if an idea goes bust. These risks are important. However, they are not the only threats you may face.

A storm could destroy the physical buildings if you own a restaurant, gas station, or whatever else. Likewise, your business might be targeted by criminals who may destroy your property or steal your money. The right commercial insurance policies may cover some of these events.

Businesses may also be exposed to various liabilities. For example, if a restaurant serves someone food that makes them sick, the business owner could end up in court facing a civil suit. Likewise, the entrepreneur could face a lawsuit if someone falls in the restaurant because an employee mopped the floors but didn’t put up signs. The right business insurance policies may cover some of these events.

Of course, you should speak with an insurance agent to determine what is and is not covered by a specific plan. If there are gaps in your insurance policy, you may be able to fill them in with additional plans or expanded coverage.

Entrepreneurs operating near Collierville, TN should contact Brock and Poole Insurance Agency to learn more about commercial insurance coverage.

Renter’s insurance protects individuals from risks and losses associated with covered events. Renter’s insurance provides liability coverage in addition to coverage for personal property and alternative lodging if necessary. If you would like to learn more about renters insurance, count on Brock and Poole Insurance Agency to provide the residents of Collierville, TN, with quality options.

Renter’s Insurance Coverage 

If you rent a home or an apartment, you’ll need to secure renter’s insurance to protect yourself and others. Sometimes, it may be required to reside at your location. If you have a roommate, you’ll likely need to secure a policy individually rather than share one. Before choosing your renter’s insurance policy, check with your rental agent or office to determine the requirements to live in that space.

To learn more about renters insurance and how it applies to your specific circumstances, our knowledgeable and friendly agents can help you understand more about potential policy options that work for you and how to secure the right policy. 

We can thoroughly explain the terms and conditions of each potential policy to help you understand if it’s the best choice. Once you make a policy selection, we can also assist you with submitting documentation and information to get coverage immediately. If you have any changes to your living Arrangement or need to file a claim, we’ll also offer support.

Reach Out Today 

To get started with your renter’s insurance coverage, contact Brock and Poole Insurance Agency. Call or stop by the office to schedule a consultation with one of our insurance agents. We can also answer questions about any other products or services we provide to the residents in and around the Collierville, TN, area.

It’s essential to carry umbrella insurance for total financial protection. Consumers in Collierville, TN can get the coverage they need from Brock and Poole Insurance Agency.

The following are four reasons why you’ll like having umbrella insurance.  

Umbrella insurance can reduce the stress of being a parent.

Parents need to carry umbrella insurance since parents can be held liable for damages caused by their children. Umbrella insurance reduces the liability risks of being a parent, making life less stressful for parents. 

Umbrella insurance protects you in a wide range of liability situations.

If you learn about umbrella insurance, you will see it offers protection in many situations. You can rely on your umbrella insurance to protect you whether you face a lawsuit due to auto accidents, accidents in your home, or accusations of defamation. 

Umbrella insurance offers a lot of value.

It’s impressive how much coverage umbrella insurance offers for how little it generally costs. Umbrella insurance can provide millions of dollars of coverage if you face an expensive lawsuit. At the same time, monthly premiums on umbrella insurance policies tend to be surprisingly low. 

Umbrella insurance typically protects you anywhere in the world.

Carrying umbrella insurance can be especially beneficial if you travel a lot. Umbrella insurance policies often don’t have any geographical restrictions. This means that policyholders can benefit from coverage if they get involved in a lawsuit or face a liability expense outside their home country. 

Umbrella insurance offers consumers in Collierville, TN many advantages. At Brock and Poole Insurance Agency, we can quote you an umbrella insurance policy that will keep your finances secure. Get in touch with us today!

Often, life insurance policies are overlooked by those who don’t have many assets or a family or are on the younger side of life. But life insurance is a must for anyone of any age or financial situation. At the Brock and Poole Insurance Agency, we understand how overwhelming the process of contemplating and purchasing a life insurance policy can be. We work with Collierville, TN residents to find the right policy for each situation. Below is a brief overview of why you need life insurance.

The Benefits of Having a Life Insurance Policy at Any Age

Chances are, you have bills to pay and a group of loved ones that will be left paying them upon your passing. Or maybe you’re your household’s primary or sole earner with dependents looking to you to provide the essentials. Whatever your situation may be, it’s unlikely that you want to leave those you care about with additional, unnecessary stress during an already difficult time. This is where life insurance steps in.

When you purchase a life insurance policy, whether a term-life or whole-life plan, you secure the future of those you’ll leave behind. A life insurance policy ensures that no matter your age or the expenses you’ve accrued, your loved ones will have the peace of mind that comes with financial stability.

Find the Right Policy for You at the Brock and Poole Insurance Agency

As you can see, life insurance is an invaluable resource for those we leave behind. If you live in Collierville, TN, and want to purchase a policy, contact us today! We can take the stress and leg work out of shopping for insurance by presenting you with the policies that best match your needs. Reach out to learn more!

Protecting oneself and one’s assets is paramount, especially for motorcycle owners. If you’re a motorcycle owner in Collierville, TN, you may wonder if motorcycle insurance is required. The answer is yes.

Tennessee’s Minimum Motorcycle Insurance Requirements

In Tennessee, just like owning a car, you must have minimum liability insurance coverage for your motorcycle. This coverage includes:

• $25,000 bodily injury coverage per person
• $50,000 bodily injury coverage per accident
• $15,000 property damage coverage per accident

Proof of insurance must be carried with you while riding your motorcycle and presented if you are involved in an accident or pulled over by law enforcement. If you cannot show proof of insurance, you could face fines or even have your license suspended.

Coverage Options Beyond the Minimum Requirements

While the minimum coverage requirements will help you meet the legal needs to ride your motorcycle in Tennessee, they may not fully protect you and your assets in the event of an accident. Thankfully, at Brock and Poole Insurance Agency, we offer a range of coverage options beyond the minimum requirements, such as collision coverage, comprehensive coverage, and uninsured/underinsured motorist coverage. The additional coverage options can help provide additional financial protection in the event of an accident.

Working with a Trusted Insurance Agent

When protecting yourself and your assets while riding your motorcycle, working with a trusted insurance agent like Brock and Poole Insurance Agency is essential. Our team of experienced professionals can help you navigate the complex world of insurance and find a policy that meets your unique needs and budget.

Contact us today at Brock and Poole Insurance Agency, serving Collierville, TN, to learn more about your options and find the coverage you need.