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Author: Emilie Hagopian

The Importance of Commercial Property Insurance for Small Businesses

Posted on by Emilie Hagopian

Running a small business is no small feat. From managing daily operations to keeping customers happy, there’s always something on your plate. With so much to handle, it’s easy to overlook one critical aspect: protecting your physical assets. That’s where commercial property insurance comes in. Let’s talk about why commercial property insurance is so crucial for small businesses and how it can be a lifesaver in times of need.

First, What is Commercial Property Insurance?

First things first, what exactly is commercial property insurance? In simple terms, it’s a type of insurance that protects your business’s physical assets from unexpected events like fire, theft, vandalism, and natural disasters. This includes buildings, equipment, inventory, furniture, and even exterior fixtures like signs and fencing. It can even cover loss of income!

Why is it Important for Small Businesses?

Here are a few reasons why commercial property insurance is a must-have for small businesses:

1). Protection Against Financial Loss

Imagine a fire breaks out in your office or store, destroying everything inside. Without commercial property insurance, you’d have to cover the cost of repairs and replacements out of pocket, which could be financially devastating. With insurance, you’re protected from such losses, allowing you to get back on your feet without draining your savings.

2). Peace of Mind

Knowing that your business is protected from unforeseen events gives you peace of mind. You can focus on growing your business without constantly worrying about what might happen if disaster strikes. This peace of mind is invaluable and can help you make better business decisions.

3). Compliance and Contracts

Most landlords and lenders require businesses to have commercial property insurance as part of lease agreements or loan conditions. Having the right insurance ensures you meet these requirements and can help you avoid legal issues or breaches of contract.

4). Protecting Your Investments

You’ve likely invested a significant amount of money into your business assets. Commercial property insurance helps protect this investment. Whether it’s expensive equipment, valuable inventory, or a beautifully designed office space, insurance ensures that your investments are protected against unexpected events.

5). Business Continuity

In the event of a major disaster, the downtime and disruption can be crippling. Commercial property insurance often covers business interruption, helping you cover lost income and operating expenses while you get back on track. This can be the difference between a temporary setback and permanent closure.

Real-Life Scenarios

To put things into perspective, here are a couple of real-life scenarios where commercial property insurance can be a lifesaver:

Scenario 1: A boutique owner finds her shop vandalized with broken windows and damaged inventory. Thanks to her commercial property insurance, the repair costs and lost inventory are covered, and she can reopen her shop quickly.

Scenario 2: A tech startup’s office is hit by a severe storm, causing water damage to their equipment and workspace. Their insurance policy covers the cost of repairs and replacement of damaged equipment, allowing them to continue their operations without significant financial strain.

Ask Your Local Insurance Experts About Commercial Property Insurance Today

Don’t wait until it’s too late to protect your business. Contact Avalue Insurance today to learn more about commercial property insurance and how it can protect your small business from the unexpected! Our experts are here to help you find the perfect amount of coverage for your budding business. Reach out today and give your business the protection it deserves!

Contractors Insurance: What it is and Why You Need It

Posted on by Emilie Hagopian

KEY TAKEAWAYS:

  • Contractors insurance offers all the coverage that a contractor could ask for without all the extra coverage that they don’t need!
  • Contractors face high risks, making general liability insurance essential.
  • General liability insurance protects business assets, ensures business survival in legal battles, and provides security for employees.
  • Contractors can opt for tailored general liability insurance instead of a bundled Business Owner’s Policy (BOP) to save costs.
  • The cost of insurance depends on policy size, business location, and the company’s track record with accidents and claims.

Protect Your Business with Contractors Insurance

Let’s talk about something that might not be on your radar but should be, contractors insurance.

If you’re a contractor, then you’re already aware of the risks that come with the job. But what happens when those risks become realities? One accident can lead to hefty settlements or damages that your business might not be able to afford. So, having adequate general liability insurance is not just a good idea — it’s essential.

That’s where contractors insurance comes in. It offers all of the general liability coverage that you’ll need without all of the extra coverage that you don’t need. Think of it as insurance designed with your niche in mind!

Why Contractors Need General Liability Insurance

For contractors, the stakes are high. You’re not just working with materials and tools; you’re dealing with potential liabilities that could hit your business hard. Here’s why general liability insurance is a must:

Asset Protection: Imagine you’re facing a lawsuit for bodily injury or property damage. Without sufficient general liability coverage, your business assets could be on the line. This insurance helps safeguard what you’ve worked so hard to build.

Business Survival: Legal battles are expensive. General liability insurance can cover court costs and settlements up to the policy limits, giving your business a fighting chance to survive if a judgment goes against you.

Security for Your Team: It’s not just about you; it’s about your employees, too. This coverage protects against claims brought against the company and individual employees, ensuring that everyone has some peace of mind.

Tailoring Insurance to Fit Your Needs

For many businesses, general liability insurance comes bundled with other coverage in a Business Owner’s Policy (BOP). But as a contractor, you might not need all the extras that come with a typical BOP. Instead, you can opt for contractors insurance, which is a more cost-effective way of getting the general liability coverage that you need.

What Affects the Cost of Contractors Insurance?

So, now you know why contractors insurance is important. But we know what you’re going to ask next: what’s the cost? Great question. A few different factors play a role in determining the cost of your insurance (but don’t worry, it’s not as complicated as it might sound). These factors can include:

  • Sales and Operations
  • Location
  • Track Record

Get a Quote on Contractors Insurance Today

Interested in contractors insurance? Let us help! At Avalue Insurance, we understand the unique challenges you face as a contractor, and we’re here to help you find the best coverage at the best price.

At Avalue Insurance, we pride ourselves on our local knowledge and personalized service. Our agents are here to guide you through the process, ensuring you have the coverage you need without paying for extras you don’t. Whether you’re a solo contractor or run a large operation, we’ve got you covered.

Don’t wait until it’s too late to protect your business. Contact Avalue Insurance today to get a quote on contractors insurance. Give us a call today at 303-773-3332, email us at info@avalueinsurance.com, or visit our office in Centennial, Colorado!

Celebrating Success: A Heartfelt Reflection on Cross Purpose’s 1,000th Graduation

Posted on by Emilie Hagopian

1,000 new graduates, and over 2,500 people out of poverty in Colorado. What an accomplishment!

As I sat among the crowd at Cross Purpose’s latest graduation ceremony, I couldn’t help but feel an overwhelming sense of pride and joy. The atmosphere was electric, filled with laughter, tears, and heartfelt applause as we celebrated the achievements of the graduates who had completed this life-changing program. And to think, this ceremony marked a significant milestone for Cross Purpose – the graduation of our 1,000th member.

Being a volunteer mentor at Cross Purpose, I’ve had the privilege of working alongside many incredible individuals, each with their own unique journey and story to tell. As I looked out at the sea of faces, I couldn’t help but feel a sense of connection to each and every one of them. These are not just graduates; they are warriors who have overcome challenges, embraced opportunities, and transformed their lives for the better.

As many of you already know, Cross Purpose is a career development program for those who come from challenging backgrounds. But it’s so much more than just a program – it’s a community, a support system, and a lifeline. It’s a place where individuals from all walks of life come together to learn, grow, and ultimately, thrive. Through a combination of job training, personal development, and mentorship, Cross Purpose empowers its participants to break free from the cycle of poverty and build a brighter future for themselves and their families.

At this graduation ceremony, I was thrilled to see many familiar faces who have become like family to me over the years. To witness their growth, resilience, and determination firsthand is truly inspiring. From learning new skills to building their own businesses, each graduate has embarked on a journey of self-discovery and transformation, and I couldn’t be more proud to have been a part of that journey.

As we celebrated the 1,000 th-graduate milestone, it served as a reminder of the incredible impact that Cross Purpose has had on the lives of so many individuals in our community. It’s not just about the numbers; it’s about the lives that have been forever changed and the ripple effect of positivity that comes from each success story.

So, here’s to Cross Purpose, to the graduates (past, present, and future), and to the countless lives that have been touched and transformed by this remarkable program. May we continue to celebrate success, empower one another, and build a brighter future for all.

If you’re interested in learning more about Cross Purpose or getting involved as a mentor, I encourage you to reach out and join us on this incredible journey of empowerment and transformation. Together, we can make a difference, one life at a time.

For more information about the program, please visit their website: www.crosspurpose.org

https://www.crosspurpose.org

What is Garage Insurance?

Posted on by Emilie Hagopian

(And Other Frequently Asked Questions)


Garage insurance; what is it and what does it cover? If you work with commercial vehicles,
then you’ve probably stumbled upon garage insurance, and you probably have plenty of
questions about it. So, let’s talk about it! Here are your most frequently asked question about
garage insurance, answered.

What is Garage Insurance?


Garage insurance isn’t just one type of coverage; it’s a bundle of different policies designed to
protect auto trade businesses like towing companies, auto repair shops, and body shops. Think
of it as your first line of defense against costly dents and lawsuits.

What Does Garage Insurance Typically Include?

  1. General Liability Insurance: This is the cornerstone of your garage insurance policy. It
    covers you if someone gets hurt at your business or if you cause property damage.
  2. Business Owner’s Policy (BOP): A BOP steps up where general liability leaves off, adding
    protection for things like loss of income, physical damage to your property, and even
    identity theft.
  3. Workers’ Compensation: If one of your employees gets injured on the job, workers’
    comp has your back. It helps cover medical expenses and part of their lost wages,
    making sure both you and your employee are taken care of.
  4. Garagekeepers Legal Liability Insurance: This one’s crucial if you’re holding or working
    on customer vehicles. Whether you’re running a service station or a towing business,
    this coverage helps protect you if a customer’s vehicle gets damaged under your care.
  5. Business Interruption Insurance: What if something totally out of left field shuts down
    your business temporarily? That’s where business interruption insurance comes in. It
    helps cover the bills and can even pay for a temporary location if your main office is out
    of commission.

Why Do I Need All These Coverages?


Running a garage means dealing with heavy, expensive equipment and being responsible for
other people’s valuable assets. Each part of garage insurance covers a different potential
headache. Without it, you could be facing huge out-of-pocket costs if something goes wrong.

How Much Does Garage Insurance Cost?

The price tag on your garage insurance policy can vary. It depends on a bunch of factors like
what kind of business you have, the type of equipment you have, the number of people you
employ, and where your business is located. Since these factors can affect your risks and the
cost of covering them, it’s best to chat with an insurance agent who can tailor a policy to fit
your specific needs.
That’s where we can help! At Avalue Insurance, we’re a team of local insurance agents in
northern Colorado. We specialize in a variety of insurance types, including garage insurance.
Contact us today to learn more about garage insurance, and we’ll help you find the right policy
for you and your business!

15 Types of Restaurant Insurance that Every Eatery Needs

Posted on by Emilie Hagopian

KEY TAKEAWAYS:

Here are 15 crucial kinds of restaurant insurance:

  1. Restaurant Liability Insurance
  2. Liquor Liability Insurance
  3. Property Insurance
  4. Business Interruption Insurance
  5. Foodborne Illness Coverage
  6. Workers’ Compensation Insurance
  7. Valet Parking/Garagekeeper Liability
  8. Company Auto Insurance
  9. Employee Benefit Plans
  10. Employment Practices Liability
  11. Crime/Fidelity Policies
  12. Electronic Instrument Policies
  13. Bonds
  14. Cyber Insurance
  15. Hired and Non-Owned Auto Coverage

Restaurant Insurance: It Matters More than You Think

Running a restaurant is no piece of cake. From managing staff to ensuring quality ingredients, there’s a lot on a restaurant owner’s plate. But one thing that should never be overlooked is restaurant insurance. 

A customer slips on a wet floor, a kitchen fire breaks out, a disgruntled employee files a lawsuit — without proper coverage, these scenarios could burn a massive hole in your pocket. From liability coverage for slip-ups to property insurance for kitchen calamities, restaurant insurance is your safety net in the unpredictable world of food service. So, let’s talk about some must-have policies for restaurants. 

The Top 15 Types of Restaurant Insurance 

1). Restaurant Liability Insurance: Covering the Unexpected

Accidents happen, and when they do, restaurant liability insurance has your back. Whether a customer slips on a wet floor or gets sick from food poisoning, this coverage protects your business from costly lawsuits and medical expenses.

2). Liquor Liability Insurance: Serving Responsibly

If your restaurant serves alcohol, liquor liability insurance is a must. It shields you from liability in case a patron causes harm to themselves or others after consuming alcohol on your premises.

3). Property Insurance: Safeguarding Your Assets

Your restaurant’s physical assets, like the building, equipment, and inventory, are valuable investments. Property insurance ensures you’re covered if they’re damaged or destroyed by fire, theft, or other covered perils.

4). Business Interruption Insurance: Keeping Your Business Afloat

When unexpected events, like natural disasters or equipment breakdowns, force your restaurant to temporarily close its doors, business interruption insurance steps in to cover lost income and ongoing expenses.

5). Foodborne Illness Coverage: Maintaining Your Reputation

Food safety is paramount in the restaurant industry. Foodborne illness coverage protects your business if a customer falls ill due to contaminated food, helping you manage the fallout and preserve your reputation.

6). Workers’ Compensation Insurance: Supporting Your Crew

Your employees are the backbone of your restaurant. Workers’ compensation insurance provides financial protection for your staff in case they’re injured or become ill on the job, covering medical expenses and lost wages.

7). Valet Parking/Garagekeeper Liability: Parking with Peace of Mind

If your restaurant offers valet parking services, valet parking/garagekeeper liability insurance shields you from liability if a customer’s vehicle is damaged or stolen while in your care.

8). Company Auto Insurance: Driving Safely

If your restaurant owns vehicles for deliveries or catering services, company auto insurance provides coverage in case of accidents or damage to your vehicles.

9). Employee Benefit Plans: Caring for Your Team

Offering employee benefit plans, like health insurance and retirement benefits, demonstrates your commitment to your team’s well-being and helps attract and retain top talent.

10). Employment Practices Liability: Navigating HR Challenges

Employment practices liability insurance protects your restaurant from claims of wrongful termination, discrimination, harassment, or other employment-related issues.

11). Crime/Fidelity Policies: Guarding Against Theft

Unfortunately, theft can occur in any business. Crime/fidelity policies provide coverage for losses resulting from employee dishonesty, theft, or fraud.

12). Electronic Instrument Policies: Protecting Your Tech

If your restaurant relies on electronic equipment like POS systems or kitchen appliances, electronic instrument policies cover repair or replacement costs in case of damage or breakdown.

13). Bonds: Building Trust

Surety bonds, like performance bonds or license and permit bonds, provide assurance to customers and regulatory agencies that your restaurant will fulfill its obligations and comply with industry standards.

14). Hired and Non-Owned Auto Coverage

Hired and non-owned auto coverage extends your auto liability coverage to vehicles that aren’t owned by your business, but are used for your business tasks. This type of coverage can be especially helpful if you deliver food in any capacity.

It includes two different types of coverage:

  • Hired coverage: Offers coverage for when you or your employees drive a rented, leased or borrowed vehicle for the business.
  • Non-owned auto coverage: Offers coverage for employees who use their own vehicles for business. It provides extra coverage over the employee’s personal auto coverage for bodily injury and property damage liability.

15). Cyber Insurance

Restaurants now heavily rely on digital platforms for order-placing and payments, embracing
QR code menus and providing Wi-Fi access to customers. Although necessary for survival, these
digital adoptions have left many restaurants more susceptible to cyber threats. Cyber insurance offers coverage in the event that your restaurant suffers a costly data breach or cyber attack.

Get a Quote on Restaurant Insurance Today

Don’t leave your restaurant unprotected. Contact Avalue Insurance to learn more about restaurant insurance and ensure your business is properly protected. From liability coverage to employee benefits, we’ve got you covered. Get in touch with us today to start comparing quotes!

Frequently Asked Questions About Cyber Liability Insurance

Posted on by Emilie Hagopian

If you own a business, then chances are, you’ve heard of cyber liability insurance. But what exactly is cyber insurance? What does it cover? Is it something that you’ll want to have? Or heck, is it something that you’re going to have to have?  Let’s talk about it! Here are some of the most frequently asked questions about cyber liability insurance, answered in plain English.

1). What is cyber liability insurance?

Cyber insurance is a type of insurance that protects businesses from the financial fallout of cyberattacks, data breaches, and other cyber-related incidents. Basically, if your business gets hit with a cyber disaster, cyber liability insurance can help cover the costs of cleaning up the mess.

2). What does cyber liability insurance cover?

Cyber liability insurance typically covers a range of expenses associated with cyber incidents. This can include things like forensic investigations to determine the cause of a breach, legal fees and settlements if you’re sued by affected parties, notification costs to inform customers and regulators about the breach, and even expenses related to public relations efforts to restore your reputation.

3). Do I really need cyber liability insurance?

Is cyber insurance required by law? No. But in today’s digital age, cyber threats are everywhere, and no business is immune. Whether you’re a small mom-and-pop shop or a multinational corporation, if you handle sensitive data or rely on technology to conduct business, you’re at risk. Cyber liability insurance provides an added layer of protection and peace of mind, helping you weather the storm if the worst should happen.

4). How much does cyber liability insurance typically cost?

The cost of cyber liability insurance can vary depending on a number of factors, including the size and nature of your business, the level of coverage you choose, and your risk profile. Generally, premiums can range from a few hundred to several thousand dollars per year. While it may seem like an added expense, the cost of cyber liability insurance is often far less than the potential financial losses associated with a cyber incident.

5). How do I choose the right cyber liability insurance policy?

Choosing the right cyber liability insurance policy can feel overwhelming, but it doesn’t have to be. Start by assessing your business’s specific cyber risks and vulnerabilities, then work with an experienced insurance agent to find a policy that meets your needs and budget. Look for coverage options that address your biggest concerns, such as data breach response, business interruption, and regulatory compliance.

6). Where can I get cyber liability insurance?

Many insurance companies offer cyber liability insurance as part of their commercial insurance offerings. You can start by reaching out to your current insurance provider to see if they offer cyber liability coverage, or shop around and compare quotes from multiple insurers to find the best possible policy for your business.

That’s where we can help. At Avalue Insurance, we’re passionate about helping our fellow Coloradans get insured. Tell us about your business, and we’ll tell you if cyber liability insurance is right for you. Request a consultation today to get started!

Everything You Need to Know About Business Owner Policies

Posted on by Emilie Hagopian

Being a business owner is a non-stop hustle. Between wearing multiple hats and putting out fires left and right, the last thing you need is yet another thing on your plate. So, when it comes to insurance, you need something quick and easy. Or better yet: an all-on-one solution that covers all of the essentials. That’s where a business owner policy (BOP) can help.

But what exactly are BOPs, and why should you consider one for your business? Let’s break it down.

What Are BOPs?

A BOP combines several coverages into a single package, making it easier for business owners to protect themselves against a variety of risks. These policies typically include property and general liability coverage, providing comprehensive protection against property damage, bodily injury, and other common risks.

What Do They Cover?

So, what exactly does a BOP cover? Well, that depends on your specific policy and the needs of your business. But in general, BOPs offer protection against a wide range of risks, including property damage and general liability.

Property coverage helps safeguard your physical assets against damage or loss due to fire, theft, vandalism, and other perils. Think buildings, equipment, and inventory. With property coverage on your side, you won’t have to worry about digging into your own pockets to cover unexpected losses and damages.  

General liability coverage, on the other hand, protects you in case someone is injured on your property or as a result of your business operations, covering medical expenses, legal fees, and other costs associated with lawsuits.

Why Should I Consider a BOP for My Business?

BOPs are great for protecting businesses of all types and sizes. But what makes them better than other policies? Here are some of the game-changing benefits of BOPs:

  • Simplicity and Streamlining: With a BOP, you don’t have to worry about piecing together multiple insurance policies – everything you need is bundled into one convenient package. This makes it easier to manage your coverage and ensures that you’re not overlooking any crucial protections.
  • Cost-Effectiveness: BOPs are designed with small businesses in mind, offering comprehensive coverage at reasonable prices. By combining multiple coverages into a single policy, insurers are able to offer lower premiums than if you were to purchase each coverage separately.
  • Customizable Coverage: While BOPs provide standard coverage for property and liability, they can also be tailored to meet the specific needs of your business. Whether you need additional coverage for equipment breakdown or professional liability, your insurer can work with you to customize your policy.

Have Questions About BOPs? Let Us Help!

At Avalue Insurance, we understand that every business is unique. That’s why we offer personalized insurance solutions tailored to your specific needs. Our team of experienced agents is here to help you navigate the complexities of business insurance and ensure that you have the protection you need to thrive. Contact us today to learn more about our business owner policies and how we can help safeguard your success!

Who Needs Umbrella Insurance?

Posted on by Emilie Hagopian

Answering the Most Frequently Asked Question About Umbrella Coverage: Who Need Umbrella Insurance?

KEY TAKEAWAYS:

  • Who needs umbrella insurance? Let’s break it down:
    • Umbrella Insurance Basics:
      • Provides extra liability coverage beyond existing policies, if not specifically excluded on your umbrella. Always check your policies for exclusions.Not just for the wealthy – everyday folks benefit too.
      Who Needs It?
      • Homeowners: Protect against accidents on your property.Car Owners: Cover damages exceeding auto insurance limits, if you are at fault for an accident.  Please check your policy for exclusions.Pet Owners: May guard against liability for pet-related incidents.Landlords: Safeguard rental properties from tenant-related risks.High-Net-Worth Individuals: Protect significant assets from lawsuits.
    • Why It’s Important:
      • Acts as a safety net for life’s unexpected events.
      • Provides peace of mind and financial protection against lawsuits.
      • Better to have it and not need it than to need it and not have it.

“Umbrella insurance” ¾ maybe you’ve heard that term thrown around before, or maybe you’ve been seriously considering this type of coverage. But who needs umbrella insurance, really? Is this type of coverage for everybody? Is it right for you?  Let’s break it down together.

Umbrella Policy Basics

Consider this for a minute: you have your regular insurance policies for your car, your house, and maybe even your furry friend. But what if something major happens (like a lawsuit) and your regular coverage just isn’t enough to cover the damages? That’s where umbrella insurance can help. Think of it as an extra layer of protection that offers coverage where your other policies do not. So, whether it’s a gnarly car accident, a slip-and-fall on your property, or your dog getting a little too nippy with the neighbor, umbrella insurance has you may have you covered in-full.

Who Needs Umbrella Insurance, Anyways?

Umbrella insurance isn’t just for CEOs or millionaires. It’s for everyday folks like you and me who want an extra layer of protection against life’s unexpected curveballs. So, who needs umbrella insurance? Let’s list a few types of people who would benefit most from this type of coverage:

1). Homeowners

If you own a home, then you probably already have homeowners insurance. But what happens if someone slips and falls on your property, or your dog decides to take a nip out of the mailman? That’s where umbrella insurance steps in to cover you when your homeowners policy maxes out.

2). Car Owners

Let’s face it: accidents happen. Even the most cautious drivers can find themselves in a fender-bender, or worse. If you’re at fault in a car accident and the damages exceed your auto insurance limits, umbrella insurance kicks in to cover the difference, saving you from financial ruin.

3). Pet Owners

Speaking of dogs, our furry friends can sometimes get us into trouble. If your pooch happens to bite someone, you could be looking at hefty medical bills and legal fees. Umbrella insurance can (or may) help cover these costs, so you can focus on getting Fido the training he needs (and maybe a few extra treats).

4). Landlords

Renting out your property can be a lucrative venture, but it also comes with risks. What if your tenant throws a wild party and damages the house, or worse, someone gets injured on your property? Umbrella insurance provides an extra layer of protection for landlords, ensuring that you’re not left footing the bill for someone else’s mistake.

5). High-Net-Worth Individuals

Umbrella insurance is a popular choice amongst the wealthy. But even if you’re not rolling in the big bucks, you can still benefit from an umbrella policy. If you have significant assets like savings, retirement accounts, or valuable property, umbrella coverage is a smart investment to protect your hard-earned wealth from lawsuits and costly accidents.

Get a Quote on Umbrella Insurance Today

So, who needs umbrella insurance? The answer is simple: most people! If you have assets that are valuable enough to you to protect, then it’s worth considering umbrella coverage. But if you still have questions, then don’t worry. That’s what we’re here for!

At Avalue Insurance, we’re passionate about equipping our fellow Coloradans with insurance confidence. We’ll educate you about your coverage and help you determine whether or not an umbrella policy is right for you. Get in touch with us today to learn more! You can request a consultation right away, or reach us via phone or email:  

(303) 773-3332

info@avalueinsurance.com

Empowering the Next Generation of Local Entrepreneurs

Posted on by Emilie Hagopian

Anyone who knows me knows that I love working with CrossPurpose. It’s the perfect opportunity for me to give back to the local community both as a business woman and as, well, a woman! But not many people know that I am also involved in CrossPurpose’s Change Agency program, acting as a mentor to aspiring entrepreneurs. I’m thrilled to be a part of the program, and I’m excited to share my journey as a volunteer and mentor.

Why I Love CrossPurpose

For those of you who are new here, CrossPurpose is a non-profit organization that is committed to abolishing poverty through various career and community development efforts. This neighbor-loving movement has seen over 929 alumni graduate from their Leader programs, and it has collectively generated over $20.7M in annual wealth. Since its inception in 2012, CrossPurpose has facilitated an average wage growth of 151%.

When I first discovered CrossPurpose, I knew it was the perfect fit for me. Since joining forces with this incredible organization, much of my time has been spent as a mentor, walking alongside the next generation of entrepreneurs. It’s been an absolute privilege to work with some of the most remarkable people that Denver has to offer, cheering them on as they defy the odds and pursue their career aspirations. Witnessing their unwavering resilience has been nothing short of inspiring, and to be honest, I can’t get enough of it! So, when I saw an opportunity to extend my reach through the Change Agency program, I took it.

Why I’m So Excited About the Change Agency   

In 2018, CrossPurpose launched a career development program called the Change Agency. It functions as an entrepreneurial training program for CrossPurpose graduates. This nine-month journey equips participants (known as “Change Agents”) with the tools, training, and coaching needed to develop their businesses. From ideation to financial planning, Change Agents receive comprehensive support at every stage of the entrepreneurial journey.

To date, the Change Agency has risen up 15 new companies and non-profits, seven of which have added 34 new jobs to Colorado’s economy. These companies continue to add value to our local economy, and they are currently serving over 5,800 Coloradans.  

The culmination of the Change Agency program is Pitch Night, a thrilling event where Change Agents present their ventures to a panel of expert “Dolphin” leaders and potential investors. (Think Shark Tank, but with less cameras and dramatic cutaways). This year marks our fifth-ever Pitch Night, scheduled for August 28, 2024. All of the funds raised on Pitch Night will go straight to the entrepreneurs after they have completed their pitches.  

As a mentor in the program, I’m rooting especially hard for my mentee this year: Mercedes Corvarrubias. With her troubled past behind her and a steadfast mission in front of her, Mercedes plans to start her own bookkeeping business for local businesses in the start-up phase. 

To me, Mercedes is not just a mentee; she’s an inspiration.

More on her story next time, though.

For more information on CrossPurpose and the Change Agency program, please visit their website here.

Individual Life Insurance vs. Permanent Life Insurance

Posted on by Emilie Hagopian

Which Coverage is Right for Me?

So, you’re thinking about getting life insurance. Smart move! But before you sign up for a policy, it’s important to understand the main differences between two very popular types of life insurance: individual term and permanent life insurance. While they’re both life insurance, they’re not one and the same. Knowing the difference can save you a headache (and maybe even some cash) down the line.

Individual Term Life Insurance

First up, we’ve got individual term life insurance. This type of policy is pretty straightforward – your policy covers you for a set period (usually anywhere between five and 30 years). If you pass away within that set period of time, then your beneficiaries get a payout. Individual life insurance policies are typically offer lower premiums, making them a particularly popular choice.

Permanent Life Insurance

With permanent life insurance, you’re in it for the long haul – your coverage lasts your whole life or up to a certain age like 101 (hence the name). It also comes with a cash value component, meaning a portion of your premiums goes into a savings account that grows over time.

Weighing the Differences

So, what sets individual and permanent life insurance apart? Well, besides the whole “temporary vs. lifelong” thing, there’s also the matter of cost. Individual life insurance tends to be cheaper upfront since you’re only paying for coverage for a set period of time. On the flip side, permanent life insurance can be pricier since it covers you for your entire life and includes that cash value component.

Now, here’s the million-dollar question: which one is right for you? Well, it depends on your needs and financial goals. If you’re young and healthy and just looking to cover your bases for a few decades, individual life insurance might be the way to go. But if you’re thinking long term and want the added security of lifelong coverage and a cash value component, permanent life insurance could be perfect for you

Don’t Go It Alone – Get Expert Advice!

Feeling a bit overwhelmed by the choices? Hey, no shame in that – life insurance can be confusing stuff! That’s where we come in. At Avalue Insurance, we’re a team of local insurance professionals in northern Colorado. We’re here to help you navigate the ins and outs of life insurance and find the perfect policy for you. Get in touch with us a call today and let’s get you the right coverage for you and your family!

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