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Coastal Premier Insurance Group, Inc.

902 Clint Moore Rd. Suite 132
Boca Raton, FL 33487

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Is Commercial Insurance Necessary for a Tax Preparation Business?

Tax preparation experts are a unique business because they can often work at home and in their spare time. As a result, you might not think you need commercial insurance. However, we at Coastal Premier Insurance Group believe that all tax preparation experts, no matter how small their business, deserve to protect themselves with high-quality commercial coverage.

Commercial Insurance Protects You From Many Problems

As a tax preparer in Boca Raton, FL, you need to make sure you have even basic commercial insurance. That’s because it can protect you from property damage, business interruption, liability, and much more. Though a tax preparation expert like you may not experience a lot of serious issues, your basic commercial insurance policy can protect you in case they do happen. For example, computer, medical, and cyber coverage can protect you in case your records are hacked.

Coverage Also Protects Your Home Office

If you’re a single preparer who works from home, a high-quality commercial insurance policy can protect your office. That’s because your office is considered a commercial property, not a residential one. Therefore, your policy can protect you if your records are damaged, if your preparation software is corrupted, or even if the physical property is damaged and you need to repair it.

Protecting Yourself From Mistakes

Making errors as a tax preparer is a big deal because you may cost your clients hundreds or even thousands of dollars. And without commercial insurance, they can sue you and potentially drive you out of business. Thankfully, commercial liability insurance will help pay for most of the costs of a lawsuit and keep you in business.

Get High-Quality Coverage

Contact us at Coastal Premier Insurance Group if you’re a tax preparer in the Boca Raton, FL area. We will tweak a high-quality policy to ensure that you get the insurance that you deserve.

3 Reasons You Need Umbrella Insurance

Umbrella insurance is a form of coverage that a lot of people don’t understand. Many believe this type of insurance is only for the wealthy, but in all actuality, it’s quite affordable for anyone when shopping through the right insurance provider, like the Coastal Premier Insurance Group serving the Boca Raton, FL area. This type of insurance delivers an extra level of protection for the policyholder and his or her family in regards to their property, medical expenses, and legal costs, but it only applies once an auto or home policy has been exhausted. Here is a close look at three reasons you need umbrella coverage.

Protecting Your Assets

If you were to have guests at your home and one of them becomes injured, there is a chance that you could be held liable for their medical expenses, and possibly even other damages. Your homeowner’s policy will, of course, cover up to a certain amount, but if the damages exceed this amount, an umbrella policy could kick in and help provide coverage for the remaining damages, so you don’t have to sell any assets.

Giving You Peace of Mind

There’s nothing better than being able to lay your head down at night knowing you have extra coverage. Regardless of what happens in the future, having an umbrella policy will almost always be of benefit. 

Saving You Money

Not only can having an umbrella insurance policy save you money by providing the additional coverage you need beyond your regular auto and homeowner’s policy, but it can also save you money, many times, when you purchase it through the same provider, you have your other policies through. Many providers will offer a steep discount on your policy premiums if you bundle all of your policies together. 

If you would like to learn more about protecting your future with umbrella insurance, contact the Coastal Premier Insurance Group serving the Boca Raton, FL area.

Protect Your Home Before Summer Vacation

Life is great in Boca Raton, FL, but summer is the time of year to set sail, hit the road, or jet set away. But, before you head off on vacation, it’s essential you ensure your house is safe. Have fun and keep a peace of mind that your home is protected with these helpful tips.

Unplug Your Appliances

Electrical fires pose a severe risk to homeowners. A massive storm could come through the area, wipe out the electricity and cause a power surge to rush through your home. For appliances not protected by a surge protector, the surge could spark an electrical fire. Make sure you disconnect your unprotected devices before you leave. 

Research Insurance

Homeowners’ insurance policies can keep your house protected whether you’re at home, or not. It’s essential that you have a policy in place before you leave, and for protection when you return home. If you don’t have insurance, you’re unnecessarily putting your home and your sanity at risk. Coastal Premier Insurance Group, Inc. can help you design a plan that’s suited for your needs. 

Install Smart Lights

The goal of the average criminal is to break in, grab what they want, and get away as quickly as possible. When an intruder thinks you’re home, they will likely stay away. Install smart lights before you leave to create the illusion that you’re home, even when you’re not. The smart lights can easily be controlled from your smartphone, or you can set them on a timer for added convenience. 

Follow these tips to keep your home safer while you’re away. At Coastal Premier Insurance Group, Inc., we can help you with this goal. With a variety of insurance options to assist Boca Raton, FL homeowners, contact us so we can help you. 

Does Commercial Insurance Cover Fires Caused By Lighting?

Having commercial insurance can protect your business from a variety of threats. It is essential to protect a company from losses as a result of accidents and theft.  One of the primary reasons to have commercial insurance is to protect from losses as a result of a fire. But, does commercial insurance provide protection from fire as a result of lighting? Know the limits and exclusions of coverage to help protect you from gaps in coverage.

Lightning Fires

One of the most common causes of fire is lightning from a storm. It can strike at any time and create devastating losses. Fortunately, most commercial insurance does protect the business in the event of a lightning fire. Before selecting the insurance policy that protects your business, know if it protects against all instances of fire damage first. You want to purchase insurance that gives you a complete layer of protection.

Getting The Right Coverage

Getting the right type and amount of insurance coverage is the key to providing complete insurance protection. Always ask what the terms and conditions are before making a purchase. Ask the insurance representative to clarify any confusing language, and any concerns or special needs. A reputable insurance company such as Coastal Premier Insurance Group, serving the residents in and around the Boca Raton, FL area, can help you with these questions.

To get more information about commercial insurance coverage, or to ask any questions, residents in and around the Boca Raton, FL area can stop in or call the Coastal Premier Insurance Group. Knowledgeable representatives are ready to give you answers and explain your options for getting the right coverage. 

 

Benefits of an Umbrella Policy

As renters and homeowners, we carry insurance to protect our personal possessions and assets. Your home is often the biggest asset that you have, and an appropriate policy protects it from damage or destruction. It can also provide a measure of liability coverage. Sometimes, though, there are unfortunate events that will max out that policy. That is where an umbrella policy comes into play. Umbrella policies are an added measure of liability protection. For instance, if someone is injured on your property. Your homeowners’ policy will cover their medical expenses. 

However, should they decide to sue you with regard to the injury, your policy may not be able to cover all of the legal fees. Also, there is the potential that their medical expenses can exceed what is covered in the homeowners’ policy. An umbrella policy kicks in when your other insurance policies have reached their caps. The team at Coastal Premier Insurance Group works with homeowners and businesses in the Boca Raton, FL area to ensure that they have adequate coverage should the unthinkable occur. 

Umbrella policies help protect the assets of the insured. Therefore, the more assets you have, the more steps you should consider taking to protect them. An umbrella policy provides that extra layer of protective coverage should you need it. While most people are not excited about adding additional insurance coverage, it is a valuable tool to consider. Also, umbrella policies are generally low cost, so the additional coverage makes fiscal sense. The agents at Coastal Premier Insurance Group, serving the Boca Raton, FL area, are ready to talk with you about your current coverage and the benefits of an additional umbrella policy. Call us today and get the coverage and protection you need!

What Sort of Things Does Homeowner Insurance Not Cover?

State law does not compel the residents of Boca Raton, FL to purchase homeowners insurance, though federal law would require any home constructed in a flood plane to obtain flood insurance. Most banks will require residents to buy a homeowners insurance policy, and it can cover homeowners in situations such as property damage due to storms, fire, and theft. There are some things, however, that your indemnification will not cover, and it is important to understand what these things are. 

Scenarios Not Covered by Homeowners Insurance

The first set of circumstances that will not be covered are those that exceed the limits of your coverage. You should discuss your policy amounts with your agent, so you can decide if more insurance is needed. This can save you from the possibility of being sued if you cause an accident for which the bodily harm or property damage is greater than the insurance coverage that is available to you. 

If you have pets living on your property, your insurance may not extend to them as they are neither your possessions nor are they people. Your vehicle may also not be covered, and if your property incurs losses due to business activities, you may need a separate commercial insurance policy to be protected. Damages caused by watercraft, war, or nuclear devices may not be paid for,  and expenses due to flooding from sources outside the home will usually not be covered, as these fall under flood insurance perils. 

Let Coastal Premier Insurance Group Help You

We at Coastal Premier Insurance Group take pleasure in serving the Boca Raton, FL area, and we look forward to hearing from you. Our experts can handle any questions you may have about homeowners insurance, and you can reach us by telephone, contact us online, or stop by our office to discuss all your homeowner’s insurance package needs. For a quote, try our online rating tool.

2 Major Ways Commercial Insurance Can Protect Your Personal Assets

When you start your business, here are a lot of different things to consider. Once you decide on a business structure and formation, you should purchase commercial business insurance. In Boca Raton, FL, Coastal Premier Insurance Group can help you find the right insurance to protect your business.

BizFilings suggests that there are two main types of commercial/business insurance: Liability and Property.

Liability Insurance

Liability insurance can help with protecting you and your business in the event there are damages you are held liable for, including personal injuries to you or someone else and in or around your property, as well as advertising claims. Each type carries different coverage amounts, and you should evaluate each section based on your company and how it runs. A qualified insurance agent can help you figure out exactly how much coverage you need, and what kind of assets need to be included in your liability insurance policy to ensure your personal assets are safe. There are general liability insurance policies, and professional liability insurance policies – ensure you are aware of which you need and how it will cover your assets.

Property and/or Product Liability Insurance

General liability insurance protects your personal and corporate assets, but what about damage to your property? The Balance details how small businesses (and large ones, too) who are manufacturing or selling products need to be protected with product liability insurance should a person sustain an injury in relation to using your product. Ensure your business’ property is covered in the event of damage, and that you and your business’ assets are protected in the event injuries occur and you are held liable.     

Recommendation: Ensure you have adequate comprehensive liability and property insurance policies for your business. If possible, a specialized form of coverage, such as fidelity and/or umbrella coverage, could also benefit you and your business and help safeguard your assets.

In Boca Raton, FL, Coastal Premier Insurance Group is your resource to protect your personal assets and your business assets from lawsuits. Contact us today to review your options. Remember, if you’re not insured, you’re leaving your personal assets, like your car, home, and personal bank accounts, liable for garnishment or seizure.

Is Umbrella Insurance Right For Everyone?

Umbrella insurance is a wonderful type of insurance that can cover a wide variety of things. However, it is not the right option for many people. If you are wondering if it is the right option for you, then you need to consider the reasons why you would need this type of insurance. These tips from Coastal Premier Insurance Group, serving the Naples and Boca Raton, FL area, will help you determine if it is the best option for you. 

  • You have a large house or one of high value – If you own a house that exceeds the limits of a traditional home insurance policy, then you may want to consider getting umbrella insurance to cover the difference in value for your home, or homes. 
  • You own expensive cars – This is another area where you can only get so much coverage for your vehicles through auto insurance. If you need more than what you can get from your auto insurance, then an umbrella policy is the answer. 
  • You host a lot of parties – If you like to have a lot of people come to your home for parties on a regular basis, you need extra liability coverage. You do not want to have to pay for medical bills for someone that gets hurt on your property, but without an umbrella policy, you may have to if you do not have liability coverage elsewhere. 

If you think that umbrella insurance is a great option based on your needs, then you need to contact Coastal Premier Insurance Group, serving Naples and Boca Raton, FL area, today. We can help you find the right amount of insurance through an umbrella policy and make sure you are covered for what you’re worth. Reach out to our agents to learn more.

Which Disasters Are Not Covered By My Homeowners Insurance?

One of the most important considerations, when renewing or buying a new homeowners insurance policy, is whether the policy covers natural disasters such as earthquakes or hurricanes. Standard homeowners’ insurance policies in Boca Raton, FL provide coverage for many items such as fire damage or theft, but when it comes to “acts of God,” not all of them are covered.

Natural disasters like floods or earthquakes are not covered, especially if you’re living in a high-risk area. High-risk areas are those prone to floods or those that are located along active volcanoes. Homeowners are therefore advised to acquire supplemental policies which will cover specific kinds of natural disasters such as:

Flooding

When it comes to flooding, not all flooding sources will be treated in the same manner. This is because flooding may be a result of plumbing failures, sinkholes, coastal surges, and river overflows. In many cases, homeowner policies will tend to exclude any damage related to flooding. The main exception is flooding caused by a damaged plumbing infrastructure such as a broken pipe. Coastal Premier Insurance Group highly recommends speaking to one of our agents to learn more about what water hazards home insurance covers.

Storm Coverage: Hurricanes

Boca Raton, FL homeowner insurance policies often cover natural disasters that may be related to wind damage. But, your standard homeowner’s policy will not provide coverage for flooding that accompanies storm surges that are associated with hurricanes. Any damage caused by tornadoes is typically covered as it is classified as wind damage. Water damage is also covered if water finds its way into the residence when your roof is damaged by the tornado.

If you have any more queries on the natural disasters that are covered by your homeowner’s insurance policy, please get in touch with Coastal Premier Insurance Group. Our homeowner’s insurance agents will be happy to attend to your needs. 

Do Home Businesses Need Commercial Insurance?

A home business is a wonderful thing, and for the most part, it is going to be a great deal of work with benefit and reward. The real issue comes when you try to work out how to protect your home business. For those that live in the Boca Raton, FL area, the agents with Coastal Premier Insurance Group can help you to find the right policy for your growing home business.

How does commercial insurance work for a home business?

To put things quite plainly, most home businesses are not large enough and do not deal with people face to face on a large enough scale to worry about having a separate commercial policy. The real determinant is the size of your business, the volume of customers that you deal with, and the overall value of your business. If you have a small business where you sell things on the internet from your home, your homeowner’s policy is going to cover the cost of your inventory and your computers that you use for work.

If you have people come into your home, you may want to consider a separate policy to protect against things like injury and other issues that you may come up against. If you have a home business that is larger than say a few thousand dollars in worth, you may also want to consider a policy. The real benefit of a commercial policy is that it is going to help protect your assets like your home if a lawsuit or other legal action is filed against you. It also helps to protect employees if you have any and helps to protect inventory if you have large amounts.

For those in the Boca Raton, FL area, the agents with Coastal Premier Insurance Group can help you get the perfect insurance coverage for your home business.