Whether you own a two hundred person company or a small business with just a few employees, it is important to understand what specific insurance requirements apply to you. Specific to Florida, business owners need to be aware of two types of insurance – workers’ compensation and commercial auto coverage. Starting with workers’ compensation insurance, any business that employees four or more employees – regardless of whether they are full-time or part-time – is legally required to have workers’ compensation insurance. Keep in mind that if you operate a construction-related business then even just one employee means that you must offer workers’ compensation insurance. In short, workers’ compensation insurance helps pay for costly medical bills associated with an employee’s workplace injury or illness. As mentioned earlier, in addition to workers’ compensation insurance, any business-owned vehicles are required to be covered under a commercial auto insurance policy. While it is not required, if you ask employees to utilize their personal vehicles for any business-related function such as doing an estimate or delivering an item then it is strongly recommended that those vehicles be covered under a hired and non-owned auto policy because traditional insurance policies for personal vehicles are highly likely to exclude business use. 

Armed with this wealth of information, Florida business owners are now better prepared to support their employees while ensuring peace of mind for their livelihoods. At Coastal Premier Insurance Group in Boca Raton, FL, our talented team of insurance professionals can assist in customizing the perfect commercial insurance policy for your needs. While workers’ compensation and commercial auto insurance are state-mandated requirements, we can walk you through additional coverages that are available and may make sense for specific businesses. Give us a call today to schedule a no-obligation consultation. 

There are horrific stories about people who had insurance, but they, unfortunately, encountered a peril that exceeded their coverage limit. If they would have gotten umbrella insurance, they would not have encountered those devastating losses with inadequate insurance coverage.

Umbrella insurance is a wonderful thing to have. And while it is understandable that umbrella insurance is an extra layer of coverage, you may still wonder do you really need it. There are key factors that may indicate your need for umbrella insurance, and they are as follows: 

•  Most consumers in their 20s won’t need umbrella insurance

Unless you have gotten a significant amount of assets/wealth in your 20s, you may not need that extra coverage. 

•  You may need it if you have a business. 

For your protection against lawsuits or other catastrophes, it may be in your best interest to get this supplemental insurance in addition to business insurance. 

•  You may be building wealth and assets.

There are limitations on home, auto, and commercial insurance. So, what if the unthinkable occurs and everything you work for has come to shambles? Don’t allow you and your loved ones to be in this predicament. In such cases, it will behoove you to get that extra layer of coverage. 

•  You have gotten married/started a family. 

To ensure you and your loved ones are properly covered, you may need umbrella insurance. With the possibility of outlandish medical bills for your children participating in sports, for instance, to a possible theft in your house/business, don’t get caught off guard!

Umbrella insurance is very important when it comes to these situations and more. For more information about umbrella insurance, contact a trusted, licensed, and experienced insurance company today.

Coastal Premier Insurance Group exceeds these qualifications. Located in Boca Raton, FL, Coastal Premier Group record speaks for itself. The people and companies in Boca Raton, FL and surrounding areas love and trust Coastal Premier Insurance Group, and you can too. So, contact them today!

Small businesses of all types need to be covered by a commercial insurance policy.  A traditional business insurance policy will protect your company against any property damage caused by you or someone who works for you to a client’s property.  If you pay anyone to work other than yourself then worker’s compensation insurance is a requirement.  Employers’ liability insurance will protect you from employees who could potentially sue the company over pay discrepancies or work-related accidents.  

This type of coverage can also help pay for claims if an employee is injured while operating company machinery or other vehicle and if they damage someone else’s property with that equipment or vehicle.  

If you are the sole proprietor of  a small business and do not carry the proper insurance then you could be held personally responsible for loss or damages.  This could possibly result in losing your business and even personal property like your home. 

General liability insurance will help protect you in the event a customer files a lawsuit due to an incident on company property or while you were performing a service on their property.      

Coastal Premier Insurance Group in the Boca Raton, FL area can help small business owners assess the needs for their individual company.  A knowledgeable insurance agent will discuss the types of insurance and the coverage each one provides.  Beyond the basic liability coverage a small  business should consider policies to protect against the following:

• Theft
• Loss of inventory
• Identity theft protection
• Property damage 
• Insurance for company vehicles

Stay on top of your small business insurance by discussing the policy every year with a Coastal Premier Insurance Group agent in the Boca Raton, FL area. This will ensure that you are covered in the event of an accident or lawsuit. Your agent can work with you to fine-tune the details of the policy to suit your individual business needs.  

Making sure that you have proper personal insurance at all times is very important. When you are in the Boca Raton, FL area, one form of insurance that is very important to have is personal liability insurance protection. If you are looking to improve your personal liability insurance protection, upgrading to an umbrella insurance policy can be a great idea. An umbrella insurance policy can protect someone in many different ways.

Provides Coverage for Wide Range of Risks

One advantage of an umbrella insurance policy is that it can provide you with coverage for a wider range of risks. If you have an umbrella insurance policy, it will give you coverage for many different situations and scenarios that could result in a liability claim. This tends to be more inclusive than the coverage you’d get from a home or auto policy.

Gives Coverage for More Serious Events

Most of the time, someone will have some liability insurance coverage in their home and auto policies. However, if there is a situation where you cause an accident that comes with a very significant amount of damages, the insurance policy limit may be met. In these cases, having additional umbrella insurance coverage is a great option. With this insurance coverage, you will have protection on top of the base policies to cover larger claims. 

Ultimately, picking an umbrella insurance policy is a good idea for anyone that would like the peace of mind that comes with additional personal liability insurance. When you are searching for a new policy, you should call the Coastal Premier Insurance Group. The professionals at the Coastal Premier Insurance Group have helped people all over the Boca Raton, FL area determine their personal liability insurance needs. Based on this assessment, they can then help you to get a policy that provides the right liability coverage. 

A food truck is required to carry auto insurance, but commercial insurance is actually not legally mandated. It’s not always wise to run a business without any commercial insurance, but you are not legally required to carry commercial insurance.

Sounds great, but let’s consider the liability concerns that go into running a food truck. What happens if your fridge goes out, your food spoils, and you unknowingly give someone food poisoning? What if someone turns out to be allergic to one of your ingredients? What if you’re in an accident and the other party has a creative lawyer who chooses not to settle for your auto insurer’s payout and wants to go after your business?

It all comes down to liability, and a food truck invites more liability than you want to cover out of pocket.

It is also worth considering that not all auto insurers will cover something like a food truck. This means that, while your truck might not be legally required to carry commercial insurance, that may wind up being your only option all the same.

Put simply: You are not required to carry commercial insurance for any business, but going without insurance on a food truck is just asking for trouble. Sooner or later, something will go wrong, and you don’t want to lose your business as a result. Insurance is, after all, there to protect you from these things.

If you run a food truck feeding the hungry people of Boca Raton, FL, give Coastal Premier Insurance Group a call. Boca Raton, FL has a thriving food truck scene so Coastal Premier Insurance Group knows just what you’re looking for in a commercial insurance company.

Umbrella insurance can provide extra financial protection. When a claim exceeds the limits of your primary insurance coverage, umbrella insurance will pay the difference. This is also known as catastrophic insurance. Umbrella insurance is one of our many offerings at Coastal Premier Insurance Group in Boca Raton, FL.

What is Covered and for How Much?

Coverage limits for umbrella policies usually range from one to five million for personal umbrella insurance and up to fifteen million for commercial insurance. It’s also important to know what is covered. Umbrella policies sometimes cover situations not covered by your primary policy. However, umbrella policies often have some exclusions just like primary policies.

Where Am I Covered?

Are you covered in other states? How about other countries? Most policies will cover you anywhere in the U.S., and some policies will provide coverage no matter where you are. If you frequently travel abroad, what happens if your property is destroyed or you are liable for damages? 

What Is Required for Coverage?

To qualify for an umbrella policy, your primary policy has to meet certain coverage limits. It’s important to be sure that your primary policy meets the requirements when buying an umbrella policy. 

Are Family Members Covered?

Generally, umbrella insurance will cover the other members of your household. However, if they have an insurance policy under their own name, they may not be covered under your umbrella insurance. For example, your mother lives with you. She has her own auto insurance policy. Your umbrella policy may not cover her in the event of an auto accident.

Umbrella insurance is a great way to help you protect your assets and future earnings. Litigation is very common, and lawsuits can be financially devastating without the right coverage. In Boca Raton, FL, you can count on Coastal Premier Insurance Group for your umbrella policy needs. 

Owning a working farm poses challenges and unique risks to those who work or visit there. In order to provide enough coverage against liability, this type of business needs to have special umbrella insurance. This policy will protect against harm or injury sustained while people and property are located on the site. 

Umbrella Coverage for Farms

Anyone who owns a farm should definitely have an umbrella policy in place. Workers are required to help manage and run a working farm, and as a result, there are additional liability dangers at every turn. Having the right type of umbrella policy will cover any legal expenses and more. To begin finding umbrella insurance that suits a particular situation, consult with an insurance agent who has experience helping farm owners get the coverage they need. 

Work With an Agency That Delivers Results

Not all agencies are alike, which is why working with a top insurance agency is imperative. Those who live near the Boca Raton FL area can count on Coastal Premier Insurance Group to work with them to discover umbrella policy options that work for each individual and can help limit the impact of covered claims. Coastal Premier Insurance Group can work closely with clients to discover options that work best for every situation and help prevent gaps in coverage. Get the coverage necessary to avoid losses for residents of the Boca Raton, FL area. 

Farm owners have special needs that other businesses don’t, which is why it pays to work with a skilled insurance agency able to provide high-quality insurance products to its clients. Call or stop by Coastal Premier Insurance Group, serving the Boca Raton, FL area, and discover more about comprehensive insurance products designed to deliver security. 

Most small businesses don’t need a fleet of vehicles to operate their business. A service-oriented business, on the other hand, may need several vehicles to ensure that all of their customers receive attention in a timely manner. Because it is easier to ensure vehicles as a group instead of one at a time, fleet policies are available. At Coastal Premier Insurance Group, agents help business owners in Boca Raton, FL get the fleet insurance they need to protect each of their vehicles.

Two Or More Vehicles

If your business only has one or two vehicles, insuring them separately isn’t a big deal. When you have three or more, on the other hand, insuring them as a group is the best way to make sure each vehicle has the same amount of coverage and is fully protected. Just like when an individual has two or more vehicles and all of them are put together on the same policy, your business may qualify for a multi-car "discount". 

Easier to Manage

Having fleet insurance is the best way to protect all of your company’s vehicles at one time. With all of your vehicles on one policy, there is only one premium payment. Each car is registered on the policy and has the same coverage as all of the other vehicles.

If you own a business in Boca Raton, FL and need to know more about fleet insurance and how it can help your business, call the agents of Coastal Premier Insurance Group today. They can explain the benefits of fleet insurance and how having one policy will save you both time and money. Call today and talk to an agent!!

If you already have general homeowner’s, automotive, or business insurance, then you may think you’re protected in the event of most accidents and disasters. Unfortunately, this isn’t always true. Every insurance policy has its limits or the maximum amount it will payout in the event of a claim. If you suffer an accident or are the target of a lawsuit seeking damages over what your current policy covers, then this is when an umbrella insurance policy by Coastal Premier Insurance Group kicks in.

Umbrella insurance policies cover costs that would otherwise be on you, your family, or your business because of insurance policy limits. Just consider the following common scenarios in which a Boca Raton, FL umbrella insurance policy can be a huge boon:

3 Common Scenarios in Which a Boca Raton FL Umbrella Insurance Policy Will Assist

1. You are in a car accident involving multiple vehicles. Quality automobile insurance will protect you from financial damages if you are found at fault for an accident that caused injuries to another person or vehicle damages. However, these policies do have limits and so if you are found to be at-fault for a big accident that involves several vehicles, then the financial damages may amount to more than your insurer will payout. An umbrella insurance policy is designed to cover those amounts over your coverage limit.
2. A guest is injured on your property. If your friends or friends of family members come to your property and are injured, then you will likely be held responsible for those injuries if they ever take you to court. Even something innocuous, such as injuries resulting from their being reckless in your swimming pool or playing on your playground equipment can cause you to be financially responsible. An umbrella insurance policy will pay out any damages the court awards the injured.
3. Your dog bites someone on or off your property. Dog bites unfortunately happen and if you are sued as a result of a dog bite on or off your property, an umbrella insurance policy can fill in the gaps that your homeowner’s policy doesn’t cover.

Learn More About Iowa Umbrella Insurance Policy 

Contact one of our agents at Coastal Premier Insurance Group to learn more about umbrella insurance policies.  

 

Commercial insurance is a must for any business owner that wants to be sure their property and business is fully protected. That being said, it does cover a huge range of things and knowing what your policy covers is a great way to know what your policy is all about. For those in the Boca Raton, FL area, the agents with Coastal Premier Insurance Group can help you find the perfect policy for your business.

Commercial policies cover the business, the building, and the contents as well. This means that your policy is going to cover your building and damages to your building as well. This means that if you have inventory or your building itself is damaged by a flood that is caused by burst pipes, you can use your commercial insurance policy to help cover those costs. Your commercial policy is going to help cover your inventory as well as your building and can help you to recover should your building and contents become damaged as a result of your pipes bursting and water getting into your building.

You can use your commercial policy to help cover the costs of recovering your inventory, of repairing your building and making sure it is in working order, and you can also use it to help with water removal costs. Your commercial policy is in place to help make sure that you are able to get back to work after your building is damaged and your inventory is damaged as well. For those that live in the Boca Raton, FL area, the agents with Coastal Premier Insurance Group can help you to get your business back in working order after you experience any loss or damage to your business, your inventory, and your building as well.