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Coastal Premier Insurance Group, Inc.

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

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What You Should Know About Business Interruption Insurance

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.

Is Umbrella Insurance Worth It?

If you have primary coverage such as auto, home or boat insurance, chances are you have come across the term umbrella insurance. But with these existing policies, why would you get extra coverage? Unlike other safeguards, umbrella insurance is designed to give you protection when unforeseen events lead to damage exceeding your primary policy. If you reside within Boca Raton, FL, this coverage will prove essential in protecting you from unexpected emergencies. Below, Coastal Premier Insurance Group discusses whether umbrella insurance is worth it.

Protects You Against Bodily Injury Liability

Suppose you cause an accident that results in expenses exceeding your auto insurance. In that case, umbrella insurance kicks in to cover the ensuing costs. These will often include injuries to other parties, helping you cover any 3rd party medical expenses. Your visitors can also get injured while visiting your home, resulting in significant hospital bills. If your home insurance can no longer cover these expenses, umbrella coverage will come in handy in helping you pay for these costs.

Covers Your Property Damage Costs

Just like bodily injury liability, your auto insurance will also likely get exhausted when you cause considerable damage to other parties’ property. If this happens, umbrella insurance sets in to pay for the repair or replacement expenses. If your guests’ property also gets damaged during a visit to your home, umbrella insurance will help you cover the costs needed to fix the damage caused.

Protects You From Other Personal Liability Claims

Some personal liability claims may not be covered by the underlying covers, requiring you to get extra coverage. Umbrella insurance helps you cover these claims, including libel, slander, malicious prosecution, and false arrest. If you are also sued for mental anguish, your umbrella policy ensures that your legal fees and damages are paid for. Individuals with rental units are also covered by this policy, helping you pay for any bodily injury sustained by visitors.

The above safeguards prove that umbrella insurance is a worthy cover to get, helping you keep your assets secure when you encounter emergencies. Consider giving Coastal Premier Insurance Group a call today to get umbrella insurance designed with Boca Raton, FL protection mechanisms in mind.

Finding Home Insurance in Boca Raton, FL

If you live in the Boca Raton, FL area, your friends at Coastal Premier Insurance Group want to remind you that there’s no time like the present to get home insurance. As we’ve all learned from the past, you never know when a flood from a hurricane, wind damage, tornadoes, hail, or even sink holes can do their number on your home, when you least expect it.

By planning ahead, you can protect your family from these types of events long before they happen. Simply taking the time now to assess your property, find out the real value of your home, then visit with the professionals at Coastal Premier Insurance Group to insure your home’s value.

"Hindsight is 20/20" it is often said. And it’s too late to fix it if you wait too long to insure your home, your most precious investment.

Is Boca Raton, FL on a Flood Plain?

This question always comes up when people are considering whether or not they should carry flood insurance. But if you are in a coastal town, believe me, you’re in a flood plain, even if your town is not officially registered as such.

About Boca Raton

Situated in Florida’s southeastern coast, Boca Raton is an oceanfront area featuring tourist attractions such as Red Reef Park and the Museum of Art, as well as a sculpture garden, and the famous Gumbo Limbo Nature Center.

When hurricanes, floods, and unexpected weather hits, it’s important to know that your home is protected. Finding the right home insurance can be confusing. But at Coastal Premier Insurance Group, we make it easier. 

Give us a call today and sleep better when you hear "tropical storm warning" on your radio tomorrow!

3 Reasons To Upgrade My Commercial Insurance Policy

If you are a business owner in Boca Raton, FL, you already understand the importance of having business insurance. In case you forgot, commercial insurance is your safety net that protects your business financially from a loss. But should you keep updating your insurance coverage? Well, keep reading for more insights.

Every business has objectives. Some goals include increasing end-of-year profits, have a bigger office space, and expanding the workforce. However, as you grow, you need to grow with your commercial insurance. To that end, changes in your company should be reflected in your business insurance policy to keep you fully covered. We at Coastal Premier Insurance Group have prepared instances that signal it’s time to update your policy.

Change of operating location 

Moving to a new location? Your insurer should know when your business’ address change. If you fail to inform your insurer, you risk not covering your new building or any equipment stored inside. 

Change of employees

Your workers’ comp insurance policy is calculated per employee headcount. If you hire more employees, you must include them in your commercial insurance. Similarly, if some employees exit, you should update your policy. This way, you won’t underpay or overpay your premiums. 

Expanding your product portfolio

Business owners know the importance of having insurance for their products. Any defect in your products could cause injury, loss, or even death which could attract lawsuits. To that end, ensure you protect all your products in the event of a claim against your company. If you introduce a new product, you should also include it in your insurance policy

Commercial insurance in Boca Raton, FL 

The above list isn’t exhaustive of why you need to update your commercial insurance. For more information, please contact Coastal Premier Insurance Group. Let’s take care of your insurance needs as you focus on your business.

Supplement Your Liability Coverage With Umbrella Insurance

When you have an auto policy and a home policy, you may be a good fit for umbrella insurance. This extra coverage adds to the liability insurance you have included in your existing insurance policies. If you are interested in supplementing your liability coverage, contact us at Coastal Premier Insurance Group in Boca Raton, FL.

Liability Coverage

The liability coverage that you have with your auto and home policies is an important part of those policies. This is the portion that pays for accidents that you are found liable for. After an accident, whether it is at your home or in your vehicle, there may be a number of bills for medical care and/or for damage to property. These can be extremely expensive bills, but with liability coverage in place, those bills are taken care of. However, you may not have enough liability coverage from just your auto and home policies. That’s why so many people choose to purchase umbrella insurance. 

Umbrella Insurance

After an accident, your auto or home policy will pay for the resulting bills. However, they have a maximum amount they will pay, and this is often quite low. It may not be enough to pay for a serious incident. When you get umbrella insurance, you get liability insurance that is added to what you have in your auto and home policies. The umbrella policy adds an enormous amount to your liability coverage so that you won’t be paying for those medical and property bills alone. It works alongside those policies. When they max out, the umbrella policy comes in and pays the overage.

Get an Umbrella Policy

If you want more liability coverage so that you are better protected, call us at Coastal Premier Insurance Group in Boca Raton, FL to find out more about umbrella policies. 

Common myths about umbrella insurance you should know

Common Myths About Umbrella Insurance You Should Know

While insurance is generally a complicated topic, umbrella insurance seems to be more complex as many people do not understand why they need it. That’s why there are so many myths and misconceptions about umbrella insurance in Boca Raton, FL.  However, you no longer need to be in the dark as there are many articles available explaining all about the policy. At Coastal Premier Insurance Group, we are positive that the chances are excellent that you need an umbrella policy to be truly secured. But before then, here are the most common myths you should know.

Myth#1. Umbrella Insurance is For the Wealthy

Wrong. No one is immune to lawsuits, and they can knock at your doorstep anytime. Umbrella insurance goes above and beyond to cover specific areas not covered by your home or auto insurance, such as slander and libel.  Whether you are wealthy or not, the legal fees can easily dent your wallet or render you broke if you are not well-prepared.

Myth #2. You Don’t Need Umbrella Insurance If You Have Home Insurance

Home insurance does a great job protecting you if you’re sued, but what if your home insurance is not adequate to cover all the legal fees? You need an extra layer of protection, especially if you have teenage children and pets.

Myth# 3. Umbrella Insurance is Too Expensive

This is probably the fattest lie anyone would tell you, especially if you already have a home, auto, boat and motorcycle insurance. What you pay typically depends on your own unique needs and agreement with your insurance company. There are factors that play a critical role in price determination, such as the number of homes, cars, business and recreational vehicles you own.

Not sure about what amount of umbrella insurance to buy in Boca Raton, FL? Coastal Premier Insurance Group can help provide advice and guide you through the purchase process. Call us today.

Should I get commercial insurance in Florida?

The Boca Raton, FL area has continued to be one of the best places in the country to start a business. Not only is there a consistent population base, but there is also a strong economy and plenty of regular visitors. If you would like to start a business here, getting the right insurance is very important. You should get a commercial insurance plan for a few reasons. 

Insurance Protects Business

The primary reason to get insurance for your company is that it will protect your business. A commercial insurance plan offers several forms of valuable coverage. This includes coverage that can be used to repair or replace your business assets or to mitigate liability risk. Ultimately, this can help to keep your business solvent in a variety of challenging situations that would otherwise result in a significant loss. 

Insurance Improves Business Reputation

Depending on the field that your business is in, having evidence of a quality insurance plan is very important to win business and grow. Companies that are properly insured will be more attractive to potential customers and having this protection can improve the overall reputation of your organization. This could help you win more business and improve your company’s overall revenue stream and profitability. 

There are clearly a lot of reasons why you should get a commercial insurance plan for your Boca Raton, FL business. If you would like to learn more about the benefits of this insurance coverage, you should call the team with the Coastal Premier Insurance Group. There are a lot of important factors to consider when picking commercial insurance and Coastal Premier Insurance Group can make it easier for you. They can offer you the support you need to build and choose your next plan. 

What is Umbrella Insurance?

You’ve worked hard to get where you are in life. However, sometimes tragic accidents occur and it is very important to be prepared for the unexpected. That’s where having an umbrella policy can be a very good idea. Our Coastal Premier Insurance Group team has put together this brief guide to help you understand why you need to have umbrella insurance in Boca Raton, FL.

What is Umbrella Insurance?

Umbrella insurance is simply an extension of the liability coverage you have on your other policies. This includes both your home insurance and your auto insurance. If you’re involved in a serious accident or someone is greatly injured while visiting your home, an umbrella policy acts as a secondary extension of your policy.

For example, let’s say you have a $500,000 liability limit on your Florida homeowners insurance policy. Two dear friends come to your home for dinner and are both killed in a serious accident. The liability coverage on your home policy would likely payout that full $500,000, but the family of the couple is suing for more. Your umbrella policy could help take care of their claim and any associated legal fees.

Who Needs Umbrella Insurance?

Those who need umbrella insurance the most are anyone with an extended amount of risk or a fair asset value. This includes those who own businesses, have teenage drivers in the household, or even retirees who own multiple pieces of real estate. Basically, if you have a financial situation that someone could go after in court after a serious accident, you should have an umbrella policy.

Ready to learn how umbrella insurance can help protect you financially? Please contact our team at Coastal Premier Insurance Group in Boca Raton, FL for a no-obligation quote.

Do you need an umbrella insurance plan in Boca Raton?

People that live in and around Boca Raton, FL area always going to have some type of personal liability risk. While some of these risks can be covered with auto or home insurance plans, others will not be covered by these policies. To ensure that you are properly covered, you should get an umbrella insurance plan. There are several situations when having an umbrella insurance plan would be a good idea for someone. 

When Wanting Coverage for Significant Claims

A reason why someone here may want to have an umbrella insurance plan is when they want to have coverage for the most significant claims. If you are involved in an accident and are found liable, there is always a chance that the actual damages will be in excess of your policy limit. If this does happen to you, it will be important that you have the appropriate coverage in place. An umbrella insurance plan will offer the additional coverage you need to ensure protection.

When Wanting Peace of Mind

You will also want to get an umbrella policy due to the peace of mind that it can provide. When you get an umbrella policy you will know that you have coverage against significant claims and if you are sued for a claim that is not covered under your base policy. This can provide you with great peace of mind and comfort knowing that you are protected against unpredictable situations. 

There are a lot of reasons why you should get an umbrella policy in the Boca Raton, FL area. As you are looking for coverage, it would be wise to call Coastal Premier Insurance Group. The team with Coastal Premier Insurance Group can help you choose a plan that meets your needs and gives you the necessary protection.

Why Florida Homeowners Should Add Liability Coverage To Their Home Insurance Policies

Based in Boca Raton, FL, Coastal Premier Insurance Group helps serve the community by offering residents multiple types of insurance coverage. We want to help our clients find policies to protect their assets well into the future. We work closely with over 20 insurance carriers around the country.

Why Florida Homeowners Should Add Liability Coverage

Your home is one of your most valuable possessions. That’s why it is important that you protect it. Home insurance covers your property if it suffers damage. The personal items inside of your home are also protected in the event of an accident or if you are a victim of theft. Home insurance provides you with a layer of security as you go through the rights and responsibilities as a homeowner. One of the most important parts of your home insurance policy is liability coverage.

Liability coverage is an asset because accidents can happen at any time. You’ll be covered if someone gets injured while they are visiting your Boca Raton FL residence. While you may think that the coverage only considers your guests, you may be held liable if the person who delivers your mail is injured on your property. However, liability coverage will give you peace of mind.

If you have a pet, liability coverage is an asset. You will be protected if your pet injures someone or causes damage to someone else’s property. If you are working on a landscaping project and someone accidentally gets hurt, liability coverage will protect you.

If you add special amenities to your home, such as a Jacuzzi or a trampoline, liability coverage is important. If an accident were to occur while someone was using these structures, they could get seriously injured, if not worse. Liability coverage could potentially prevent you from suffering huge losses and being involved in an ugly liability dispute.

Coastal Premier Insurance Group Will Help You Protect Your Asset

Visit our website to learn more information about home insurance.