If you have a business, it is important to carry proper commercial insurance. Finding the right policy to protect your company, yourself, and your employees might be complicated, so we have put together a list of questions you should ask before getting a commercial insurance policy.

• Do I need commercial insurance? Many businesses remain uninsured because business owners do not want to spend extra money on business insurance. However, the answer to this question is yes, you need business insurance. This insurance is a guarantee that your business is covered and protected. 
• How much do I have to pay for insurance? As a business owner, you probably plan your budget and want to know how much commercial insurance would cost. The cost of business insurance depends on certain factors, including the specifics of the policy, your industry, and the insurance company. 
• How much coverage do I need? There are many types of commercial insurance, including workers’ compensation, commercial property insurance, cyber liability, commercial auto insurance, and more. It is essential not to overinsure your business because it can be quite costly. Underinsuring a business is also a common problem. It is recommended to talk to an experienced insurance agent, who will recommend you the proper coverage. 

Coastal Premier Insurance Group – Reliable and Trustworthy Insurance Company in Boca Raton, FL

If you own a business in sunny Florida and are looking for commercial insurance to protect it, Coastal Premier Insurance Group is ready to assist you. Our company specializes in different types of insurance, including business insurance. Contact us to help you get the perfect insurance coverage according to your business needs and budget. 

Umbrella insurance is never a legal requirement for Boca Raton, FL residents, but many purchase these policies to guard against financial loss. Your Coastal Premier Insurance Group provider can provide specifics on what would be covered.

Umbrella insurance is designed to work in tandem with your other types of indemnification. Limits are typically higher, and these will begin to cover costs once your primary coverage is exhausted. The scope of named perils can sometimes be broader as well. 

You can purchase umbrella insurance on your automobile so that you and others will be covered for physical injuries and property damage in a wreck. Some people opt for this protection, as collisions can result in lawsuits or exorbitant medical bills. 

Business owners can decide to buy commercial umbrella insurance for various categories. You can obtain coverage that extends to your buildings and the property, as many companies store expensive machinery, inventory, and raw materials in their warehouses. Slander, errors and omissions, libel, and advertising mistakes, like typos and misleading information, can also be included. 

You can also add an umbrella policy to your homeowner’s insurance, which will add a more robust cap when dealing with incidents, such as injuries to guests and their medical bills or lawsuits resulting from negligence. Additionally, repairs to your house should be taken care of, and this is particularly important if your dwelling is costly or if you have possessions that are rare or difficult to replace. 

Coastal Premier Insurance Group Can Help

Visit our website, or stop by the office in person. You can also call and speak to our knowledgeable agents for more information, and we provide excellent insurance resources for those living in the Boca Raton, FL area. 

If you own a business in Florida, it’s essential to protect that business with suitable insurance. Some of these insurance types are mandated for certain companies in the state, while others can be beneficial but aren’t required. If you want to keep your business protected and operating within the law, call us at Coastal Premier Insurance Group in Boca Raton, FL.

Workers’ Compensation Insurance 

This is a significant type of insurance that some Florida businesses are required to have. This insurance pays for the medical bills of employees who get injured on the job. This insurance is critical to have because medical bills can cost so much. In Florida, this insurance also pays partial wages to employees as they recover. When you have a business within the state that has at least four employees, this insurance is required for you. Those four employees can be part-time or full-time. An exception is construction businesses. They must have this insurance type for all employees, no matter how many. Even if this insurance isn’t required for you because you have fewer than four employees, it’s a good idea to get it to protect yourself. 

Commercial Auto Insurance

Businesses in Florida also have to have commercial auto insurance when they own a vehicle. This insurance must have two types of coverage in the policy. This includes property damage liability and personal injury protection. The amount of the required coverage is so low. However, it’s a good idea to raise the amount you get for better protection for your business. If you own a trucking company, you may have other insurance requirements. 

Get Your Commercial Insurance Coverage

Make sure your Florida business has the protection it needs. Call us at Coastal Premier Insurance Group in Boca Raton, FL.

If you own a business in the greater Boca Raton, FL area, turn to the Coastal Premier Insurance Group team for all your commercial insurance needs. We are here to help local businesses protect their hard work and dedication!

Why umbrella insurance is essential for many companies

As a company grows, its insurance needs will likely change. And, the more successful and active a business is, the more likely liability protection needs will increase. An umbrella policy is an intelligent addition to a growing business’s insurance portfolio because it provides that additional liability protection. 

A primary policy has limits on the amount of liability coverage that they offer. This means that once that threshold is met, the company can be directly liable in case of lawsuits or other damages. And depending on the organizational structure of the firm, owners can, in some cases, be held personally responsible.

Growing companies and their leadership teams have a lot to focus on. Reviewing commercial insurance policies can sometimes fall near the bottom of the priority list. While this is understandable behavior, it can put the company at risk of financial liability.

Proactively obtaining an umbrella policy is an effective way to ensure the company is protected. Umbrella insurance is an effective tool in every business’s toolbox. Now is a great time to learn more.

We look forward to working with you.

Coastal Premier Insurance Group is here to serve the Boca Raton, FL business community’s insurance needs. If it’s time to review your company’s insurance to ensure that it provides all the coverage you need, we can help. Contact our office today and schedule a consultation.

Commercial insurance is a type of insurance that is designed to protect businesses from financial losses. There are many different commercial insurance types, each one serving a different purpose. In this blog post, we’ll discuss the different types of commercial insurance and explain what they cover.

General Liability Insurance

General liability insurance covers your business if you are sued for negligence. For example, say you own a restaurant and someone slips and falls on your property. If they sue you for negligence, your general liability insurance will cover the costs of their medical bills and any legal fees you incur.

Property Insurance

This type of insurance covers your business property in the event of damage or theft. For example, let’s say you own a retail store, and a storm damages your storefront. If you have property insurance from a reputable company such as Coastal Premier Insurance Group, it’ll cover the cost of repairs.

Commercial Auto Insurance

This type of insurance covers your business vehicles in the event of an accident. For example, let’s say you own a delivery company, and one of your drivers gets into an accident. Your commercial auto insurance will cover the cost of repairs to the vehicle, as well as any medical bills for the driver.

Workers’ Compensation Insurance

This type of insurance covers your employees if they’re injured on the job. For example, let’s say you own a construction company and one of your workers falls off a ladder and breaks their leg. Your workers’ compensation insurance will cover their medical bills and lost wages.

Professional Liability Insurance

This type of insurance covers your business if you are sued for professional negligence. For example, let’s say you own an accounting firm in Boca Raton, FL, and one of your clients accuses you of errors that cost them money. Your professional liability insurance will cover the costs of your legal defense.

Types of Commercial Insurance

These are just a few of the different types of commercial insurance. When choosing a policy, it’s essential to consider the needs of your business.

If you’re looking for a Boca Raton, FL, commercial insurance policy, Coastal Premier Insurance Group can help. We offer a variety of policies that can be customized to meet the needs of your business. Contact us today to get started.

If you’re looking for security for your family’s future and you’re in the Boca Raton, FL area, Coastal Premier Insurance Group can help. We understand that you may be looking for coverage and policies that can give you value and peace of mind. With life insurance, you want to be sure you’ve covered everything important to you and everything that will keep your family secure if you pass away. That can help you feel more confident and reduce the worries your loved ones have, as well.

There’s no reason to settle for less than that when you have people who can help you get the policies you need. By working with a trusted insurance agent, you can ask any questions about your type and level of insurance coverage. Our knowledgeable agents are here to give you information about all policy options, allowing you to make the right choice for your needs. Then we can work with you on adjusting your policy if your circumstances change in the future.

That’s an excellent way to ensure you have the coverage and protection you need and the support your family will be looking for if they face a difficult time. Insurance agents are committed to providing help and information to anyone looking for the right policy. All types of policies are important, but life policies are especially significant since they create protection for the loved ones of the person who owns the policy.

Contact us at Coastal Premier Insurance Group today if you’re in the Boca Raton, FL area and looking for a life insurance policy. We can give you the knowledge and information you’re looking for, so you can choose a policy with confidence and protect the future of your loved ones.

Those looking for an exciting professional opportunity in Florida should consider opening their own business. Businesses that operate in the Boca Raton, FL area need to ensure that they continue to have the proper insurance to maximize these opportunities. There are various situations when a business needs to have a commercial insurance policy in this area. 

Businesses Need Insurance to Protect Organization

A primary reason a business will need to have commercial coverage when in this part of Florida is to protect their organization adequately. Any business today needs to ensure they are protected against the various risks they face daily. Having the right insurance plan can help protect a company’s assets and provide liability support. 

Insurance is an Obligation

Businesses also need to get insurance as it is likely an obligation. If you invest in your own business, you will eventually need to raise capital, take out a loan, lease business space, or enter into contracts with vendors and customers. In practically any situation, you will have to maintain the right commercial insurance to stay in good standing with these requirements. Investing in a quality plan will help you remain in compliance. 

Having a proper commercial insurance plan in the Boca Raton, FL area is very beneficial. When you are ready to start looking for a new insurance plan in this area, it would be good to begin your search by calling the professionals with the Coastal Premier Insurance Group. There are a lot of choices that need to be made when looking for this coverage, and Coastal Premier Insurance Group can help you assess your options and choose an ideal plan.

Many people may be unaware or unclear of what umbrella insurance is and what it does. However, its benefits may create peace of mind if it makes sense to invest in this form of insurance. Our team at Coastal Premier Insurance Group is committed to helping Boca Raton, FL residents understand this insurance and its benefits. 

What is Umbrella Insurance?
Umbrella insurance is simply a second insurance policy designed to provide coverage once the maximum limits have been exhausted on your primary insurance policy. It’s designed to provide liability and protection against unforeseen events, like property damage, injury, and even legal situations.

Who Should Invest in Umbrella Insurance?
If you have significant assets that you want to protect, umbrella insurance may be a good option for you. What are "significant assets" you may ask? Significant assets or substantial net worth can be defined as assets that exceed the limits of your homeowners’ and auto insurance policies. Once the limits of your primary insurance policy have been met/maximized, umbrella insurance kicks in to cover anything that’s not covered by a primary insurance policy.

Umbrella insurance is designed to provide coverage in excess of a million dollars or more as protection against expensive claims or lawsuits if you have a particularly high net worth and/or many assets. It isn’t a legal requirement, but an option to invest in a secondary insurance policy designed to meet the needs of your assets and net worth. If you have a lot of assets, a high net worth, or a high chance of being sued, umbrella insurance might be a wise investment. If you have questions about umbrella insurance and think you could benefit from this type of insurance, give us a call. We’re standing by. 

Umbrella insurance is a type of liability coverage that can protect you from financial ruin if you are sued and lose. It provides additional protection beyond what your home and car insurance provides, such as injuries to other people or damage to their property. However, it’s important to know how umbrella insurance works before deciding if this coverage is right for you.

An umbrella insurance policy kicks in when the damages from a single incident exceed the limits of your other policies. For example, if you are sued for $1 million after an auto accident, and your home and car insurance only provide coverage up to $500,000 combined, your umbrella insurance policy would pay the remaining $500,000.

Umbrella insurance can also protect you in situations not covered by your other policies. For example, if you are accused of libel or slander, your umbrella insurance policy may cover legal expenses. However, note that most umbrella insurance policies do not cover intentional acts.

While it may seem unnecessary to have an additional policy, adding an umbrella insurance policy can be a wise financial move. Suppose you are sued for damages exceeding your other policies’ limits. In that case, you could face the prospect of losing your home or car while continuing to pay expensive premiums on your insurance policies. Umbrella insurance can prevent this from happening and protect you from financial ruin.

When choosing an umbrella insurance policy, it is important to know the policy’s limits and what is and is not covered. Be sure to read the fine print to know exactly what you are buying. Also, be sure to shop around for the best rates. You may be surprised at how affordable umbrella insurance can be.

If you are looking to add an umbrella insurance policy to your insurance portfolio, contact Coastal Premier Insurance Group in Boca Raton, FL, today. We would be happy to discuss your options and help you find the right coverage.

As a business in Boca Raton, FL, you know the importance of having business insurance. However, you may not know the importance of supplemental insurance in the form of business interruption insurance. In fact, you may have never heard of it if you are a new business. This type of supplement coverage can be invaluable to your business in the event that your business must close due to unforeseen circumstances. The team here at Coastal Premier Insurance Group wants to ensure you know more about business interruption insurance so you can make an informed business decision about this type of policy.

What It Covers

Although specific coverage will vary from one insurance company to the next, there are basic things that will be covered. For instance, in general, you can expect any profit your Boca Raton business earns to be compensated while your doors are closed. The funds you receive can be used to cover payroll costs as well until you are up and running again. In addition, any loan payments, taxes, and other business-related expenses will be covered.

What It Doesn’t Cover

Like any other insurance policy, business interruption insurance will not cover certain types of losses. For instance, as a general rule, your policy will not pay out if you are only partially shut down. In addition, if you are unable to provide proof of income, you likely won’t be compensated. Finally, the policy will only pay out for covered events outlined in your policy.

Who Needs It?

Ultimately, any small business needs to have a business interruption insurance policy, as it can offer much-needed supplemental protection in the event of an unforeseen catastrophe. Usually, this type of policy can be added to your current property insurance.

You never know what could happen to your Boca Raton, FL business, so reach out to us at Coastal Premier Insurance Group and let us help you ensure your business has the protection it needs when you need it most.