Did you know approximately half of all businesses do not have business insurance? At Coastal Premier Insurance Group of Boca Raton, FL, we aim to secure your enterprise’s future. We provide our commercial clients with coverage that safeguards them and delivers peace of mind.

If you operate a business in the Boca Raton area, here are just six ways business insurance can help protect your future.

1. Business Income Protection

A business insurance program can include business income protection should your business have to close due to a covered calamity. This can provide the time you need to rebuild your business while retaining your key employees.

2. Theft Protection

Theft, whether internal or external, is a significant threat to the future of many businesses.

3. Cyber Crime

Data security issues are not decreasing; they’re becoming more of a problem for small businesses. Cybercrime can damage a business for years, and business insurance can help protect your interests.

4. Life Insurance

While technically not business insurance, life insurance for partners and key employees can ensure the future of your business.

5. Liability Insurance

A mishap like a slip and a fall or an unfortunate action by an employee can pose both immediate and severe threats to your business. Liability insurance cannot only cover any judgments or settlements, but it can also cover legal expenses.

6. Real Property Losses

If you own a building, machinery, or equipment or keep a substantial inventory, you are at risk every day from losses due to fire or natural disasters. Protect your investments with business insurance.

Contact Coastal Premier Insurance Group Today

Let’s discuss your business and your potential risks. We can then provide a business insurance quote that helps protect your interests.

Many of our clients are pleasantly surprised by how affordable business insurance can be. We are Coastal Premier Insurance Group of Boca Raton, FL, and we would be proud to have your business as a client.

Umbrella insurance offers extra protection beyond standard policies’ limits around Boca Raton, FL. However, filing a claim under an umbrella policy can be complex, and avoiding common mistakes is essential for a smooth process and successful resolution.

Misunderstanding Policy Coverage

Umbrella insurance covers liability claims exceeding the policy limits in different insurance policies. You must review the policy to stay on top of what is covered, including any exclusions and conditions. This knowledge helps avoid filing claims that fall outside the policy’s scope.

Delaying the Claim Filing

Promptly reporting an incident is vital when dealing with umbrella insurance claims. Delays and lack of communication may result in a denial. As soon as you become aware of an incident that might lead to a claim, notify your insurance provider immediately. This timely action ensures that the insurer can begin the investigation process promptly.

Inadequate Documentation

Proper documentation is essential when filing a claim. Inadequate or incomplete documentation can hinder the process. Ensure you gather all necessary documents, including incident reports, photographs, medical records, and any correspondence related to the claim. Detailed and accurate records support your case and facilitate a smoother claims process.

Not Following Policy Procedures

Failing to follow the procedures outlined in your policy can jeopardize your claim. Each insurance policy has specific requirements for filing and managing claims. Familiarize yourself with these procedures and adhere to them closely. This includes submitting all required forms, providing requested information, and meeting any deadlines specified by your insurer.

Coastal Premier Insurance Group Helps Guide You

Coastal Premier Insurance Group will help guide you and show you how umbrella insurance can save you in the long haul. Our team covers the Boca Raton, FL region. Get in touch with us today.

Small business ownership presents unique insurance challenges and requirements. Coastal Premier Insurance Group is here to assist LLC owners in Boca Raton, FL, in navigating the complex world of insurance products. This article outlines the advantages of umbrella insurance for small business owners and how it can protect their businesses.

Why Landlords Should Consider Umbrella Insurance

If your LLC involves renting out properties, umbrella insurance can offer extra peace of mind. A lawsuit claim often exceeds general liability coverage limits, leaving you responsible for the excess amount. An umbrella policy can cover these extra costs, ensuring your business isn’t bearing the burden.

Umbrella Insurance for High Revenue Businesses

Umbrella insurance can also benefit businesses earning more than $250,000 annually. It provides additional protection for both your business and personal assets.

Does Your Business Type Necessitate Umbrella Coverage?

The nature of your LLC’s operations often dictates whether umbrella insurance is a prudent choice. For instance, if your business deals frequently with customer properties, you operate in the public sphere, or your employees drive for work-related purposes, an umbrella policy can safeguard against potentially expensive liability claims.

Considering Umbrella Insurance Coverage Level

Choosing an umbrella insurance policy requires a thorough understanding of your business’s value. It’s useful to consult with an experienced insurance agent to help determine the appropriate coverage level. Often, your net worth guides policy selection, as there’s no need to insure beyond your total holdings.

Coastal Premier Insurance Group: Boca Raton’s Trusted Insurance Associates

At Coastal Premier Insurance Group, we are pleased to provide comprehensive insurance solutions to LLC owners in Boca Raton, FL. We are here to assist if you’re unsure about your insurance needs or seeking expert guidance. Call, email, or visit us in person for stellar insurance services today.

The Importance of Umbrella Insurance for Your Business with Coastal Premier Insurance Group

Coastal Premier Insurance Group has a solid track record of helping businesses in Boca Raton, FL, find reliable protection, including umbrella coverage. However, we find that many people are confused about the actual need for umbrella insurance. The short answer is – the coverage can be indispensable. Here’s why.

Demystifying Umbrella Insurance

Umbrella insurance is a supplementary liability coverage that kicks in once your standard policy limit is exhausted. It is one of the most comprehensive types of protection available and is designed to provide long-term support for businesses of all sizes and types.

How Can It Benefit Your Business?

Most businesses never need to utilize their umbrella insurance policy because high-liability lawsuits are relatively rare. However, like a literal umbrella, it’s there to provide protection when it "rains." Without it, you could find your business drenched in hefty legal fees, potentially leading to a financial crisis.

Consider a scenario where your business faces a class action lawsuit that amounts to a sum far exceeding your current liability coverage. If you lose that lawsuit, your existing liability coverage will protect you up to its limits, beyond which the umbrella policy will cover the excessive amount, keeping your finances intact.

Although umbrella insurance, too, has a maximum payout limit, it is usually far more comprehensive than standard liability coverage. Therefore, all businesses, regardless of their size or nature, should seriously consider this type of protection to avoid potential coverage gaps.

When to Contact Us

The team at Coastal Premier Insurance Group is always ready to help businesses in Boca Raton, FL, get the robust umbrella insurance policies they need. Whatever your operations, we’re here to support you! Please reach out to us to learn more about our services. We’re geared to provide the help you need.

No matter what kind of Boca Raton, FL business you own, a Business Owners Policy (BOP) can be tailored to your specific needs. Coastal Premier Insurance Group can help you explore your options so your small business has the protections it needs.

What Is a Business Owners Policy (BOP)?

A BOP is popular for many small businesses because it combines several kinds of protection in one convenient package. When you combine different kinds of protection in one policy, you can save money and handle claims more conveniently.

These are the most commonly included protections in a BOP:

• Commercial property insurance protects your building, equipment, and inventory. 
• General liability insurance protects your business in case of claims, such as if someone is injured on your property or hurt by your product.
• Business interruption insurance, also called business income insurance, protects your business in case of a temporary closure.

What Other Protections Does Your Business Need?

There are several important kinds of coverage your business may need. You may be able to add them to your BOP or add them on.

• You will need commercial auto insurance if your business uses vehicles. Your personal insurance will not cover work-related accidents.
• Equipment breakdown insurance will help if your equipment breaks down.
• Professional liability coverage protects businesses when skilled employees make mistakes.
• Many businesses are required to carry workers’ compensation insurance.

Contact Coastal Premier Insurance Group for More Information

Your Boca Raton, FL, small business needs protection, and you can choose what kind of protection based on your needs. If you have any questions or would like to discuss a policy, please call Coastal Premier Insurance Group today.

When accidents happen, and you’re liable for them, your regular home, car, or other insurance policy may not cover all the damages. When that happens, you may feel stressed, overwhelmed, and anxious, but you don’t need to take that risk. Umbrella insurance offers extra coverage to shield you from the worst storms. People in Boca Raton, FL, can rest assured because Coastal Premier Insurance Group is equipped to help you understand umbrella insurance better.

What’s So Good About Umbrella Insurance?

In life, there are many things you insure; these things have a lot of value or can cause significant damage when something goes wrong. However, not all people’s insurance policies offer enough financial protection. That’s where umbrella insurance comes in.

Umbrella insurance adds extra protection, so when other types of insurance benefits run out, the umbrella insurance takes over and will pay additional charges up to the policy’s limit. In many cases, insurance policies have liability limits, which can lead to a financial crisis. Still, umbrella insurance helps you know that an incident doesn’t have to be as costly.

Don’t Let Bad Days Become Worse

No one wants to be liable for an incident, but accidents happen, and we’re all just human, so it’s inevitable that we will sometimes make mistakes; these mistakes don’t have to be our downfall. With the help of umbrella insurance, an accident doesn’t have to be quite so devastating.  

At Coastal Premier Insurance, we want to help more people get the insurance they need. We serve those in Boca Raton, FL, and the nearby areas, and we welcome you to contact us to learn more about umbrella insurance policies.