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.

Anyone that is in Boca Raton, FL needs to spend time thinking about their different insurance needs. One type of insurance that people in this area of Florida could benefit from is umbrella insurance. This is a unique form of insurance that can offer you additional personal liability insurance coverage. There are a few different situations when someone here would benefit from getting this type of coverage.

When Wanting More Coverage

One situation when you would benefit from getting umbrella insurance is when you want more personal liability coverage. An umbrella insurance policy will normally kick in when you have been involved in an accident that has damages that exceed your policy limits. If this is the case for you and you have umbrella insurance, you will have additional protection and coverage through this policy, which could offset the risk that you would need to come out of pocket for damages. 

When Needing Broader Coverage

You should also get an umbrella insurance policy when you want to have broader coverage. With umbrella insurance, you can get protection and coverage against a very broad set of risks. If you have an umbrella insurance policy, it will give you far more protection than you’d receive through a home or auto policy. 

There are a variety of scenarios when having umbrella coverage is a good idea. If you are in Boca Raton, FL and are looking for this insurance, you could benefit greatly by calling the Coastal Premier Insurance Group. The insurance team at the Coastal Premier Insurance Group understands the importance of having a proper umbrella policy. The team can help you better assess your needs and get you into a new policy that will provide you with the best type and level of coverage. 

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.