December 27, 2021

Protect your company with business insurance

Starting your own business can be exciting but also overwelming. Business Insuance is important for anyone who owns a company of any size.

You may work out of your home or might have multiple locations , Regardless of your size you are at risk . It is imperative that you protect your business and your assest accordingly. Having the correct amount of insurance for your business will give you the peace of mind you need to focus on other aspects of your busineess. As you e. grow your insurance needs will also grow that is why choosing an insurance professional that is vested in you is so important.

Here are some basic terminalogy to assist you :

General Liability - Is third party liability . This protects your business against unforseen claims. While this insurance is not required by law it can be required by certain contraxts or lease agreements. 

Property or Contents Insurance : Protects your personal business items from damages covered by the policy - exp. theft, fire , wind/hail 

Business Income: Covers in the event of a disruption caused by a covered perirl. This coverage helps you get temporary assistance to operate your business. Property coverage or Building coverage must be included in the policy in order to have Business Income.

Workers Compensation: If you have employees, then you need  workers' compensation insurance. Most states require it if you have even one employee . State fines and penalties will be due if your employee gets hurt and you dont have coverage .

The state could even close your business if you dont have workers compensation.

Umbrella Coverage: If  you have a claim that exceeds the limits of your current liabiity policy, umbrella insurance can provide extra coverage to protect your business and assets from financial risk. 

You have more exciting things to do than worry about insurance . Let us help you get the coverage you need . 

If you need assistance with your business insurance contact our office and we will be happy to assist you (305) 260177

Rising Auto Rates Affecting ‘Bundle’ Strategy: J.D. Power

September 21, 2022
Many companies would have you believe that bundling home and auto would save you money. That might have been the case few years ago but  according J.D. Power many cunsumers have seen a benefit is breaking up policies due to increases in auto insurance premiums. (Insurance Jornal) Overall satisfaction and retention rates have fallen within the averge consumer due to the rising auto premiums increases in loss cost due to rising claims. "Sky-high auto loss costs and resultant auto premium increases are creating ripple effects throughout the insurance industry and, as a result, one area that is being severely disrupted is the home and auto insurance bundle,” said Robert M. Lajdziak, director, global insurance intelligence at J.D. Power. “Homeowners, and particularly bundlers, have traditionally been less price-motivated than the typical monoline auto customer, but we are beginning to see cracks in that foundation. That puts the focus for insurers squarely on the overall brand experience their customers are receiving—across all lines—and on understanding how changes in one area, such as telematics adoption in an auto policy, can affect the entire customer journey.” If you would like a free no obligation quote for your home or auto please contact our offices at (305) 264-0177

Hurricane Season Review your insurance prior to a loss

September 1, 2022
Hurricae season is in effect from June 1 to November 30. Dont wait till there is a loss to check your homeowners policy .Here are some guidelines to assist you through the season. 1.. Check your homeowners policy to confirm you have the correct coverage. Review with your agent that the coverage for your structure is correct. If you have other structures such as fence , pool, deck that it is covered under other structure. 2.Make sure that you have adequate personal property. Personal property does not cover valuable jewels, art or furs. These must be scheduled under a jewlers block policy. 3. Review carefully your insurance policy to confirm you are covered for hurricane (wind/hail ). 4. Homeowners Policies exclude flooding make sure if you are in a flood zone to have a separate flood policy. it is important to annually review your policy as your insurance needs might have changed .  if you would like a free no obligation review of your current policy please contact our office and we will be happy to assist you (305) 264-0177

Workers Compensation Insurance are you covered?

June 30, 2022
Did you know that your General Liability coverage excludes injuries to yourself and to your employees? Florida law requires employers to purchase workers' compensation coverage. Under a workers' compensation policy, employees are compensated for occupationally incurred injuries, regardless of fault. This coverage makes employers immune from some injury lawsuits by employees. If you have employees, you must provide a safe working environment and the right protection. Worker's Compensation insurance covers both you and your employees after a work-related injury or illness. As the employer, you will have peace of mind by allowing your business to flow and avoid expensive civil litigation that can eat at your profits.  Worker's compensation provides support to the injured employee helping them recover and return to work quickly. Let us assist you in getting the adecuate coverage . We value your business