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Running a business comes with inherent risks: An employee could get injured on the job; a natural disaster could destroy property; or a client could file suit, alleging a contractual breach. For those and other reasons, it is important to protect your assets, both business and personal. One of the best ways to do that is to make sure you and your business are adequately insured. Here are ten top reasons why your business needs insurance. 1. It’s the Law…

Even more interesting than the origins of Miami’s neighborhoods are those of our individual cities. Many Miami-Dade cities were inspired by the real estate land boom of the 1920s, when soaring dreams met big wallets resulting in some crazy stories and well, some ideas that worked. We took a look at the origin stories of eight of Miami-Dade County’s cities. How Eight Miami-Dade Cities Got Their Names Miami Myami, Miamuh, Meeamee, however you like to pronounce it, the fact is that it’s home.…

1. Do I Need Liability Insurance for My Small Business? In some states, liability insurance is required by law for some industries. However, even if your state doesn’t require it, liability insurance is still important. This is because it’s a type of small business insurance that helps protect you from claims of: Property damage Bodily injury Personal or advertising injury 2. What Kind of Small Business Insurance Do I Need? Business Insurance Statistics hardware store man and woman Still asking…

Summer and road trips go hand in hand! Whether your family is planning to visit the theme parks in Orlando or you and your best pals are heading to The Keys for a weekend getaway, planning ahead can help ensure your trip will be one for the memory books – for all the right reasons! Don’t leave things to chance Before you pull out of the driveway in Miami, Florida, auto insurance, car maintenance, charging cables for all your devices…

Commercial property is real estate that is used for business activities. Commercial property usually refers to buildings that house businesses, but can also refer to land used to generate a profit, as well as large residential rental properties. The designation of a property as a commercial property has implications for how it is financed, how it is taxed, and how the laws are applied to it. Breaking Down Commercial Property Commercial property includes malls, grocery stores, offices, industrial estates, manufacturing…

Creating a profitable food business is a juggling act. You need to purchase fresh ingredients, create appetizing menu options, and know how to effectively market the business. But even if you have all the raw ingredients for success, it’s still possible for a single accident to force your business to close its doors for good. A key component of running a successful food business is preparing for the worst – from kitchen fires and food spoilage to allergic reactions and…

General Liability covers my employees if they are injured at work This is false. General Liability Insurance covers your businesses liability to third parties injured by the actions of your business. This goes for both property damage and bodily injuries. One thing a general liability policy does not cover is the injuries that occur to your employees. For these injuries you need a separate workers compensation insurance policy. Workers comp will cover your employees for medical care and some lost…

Recently cybercriminals have begun to use legitimate programs in order to scam consumers and steal their information. These scammers use emails or text messages to trick you into giving them your personal information. They may try to steal your passwords, account numbers, or Social Security numbers. If they get that information, they could gain access to your email, bank, or other important accounts. Thousands of phishing attacks are launched every day and they are often very successful. In fact, the…

The DP3 refers to an insurance policy covering a residential building, usually rented to others. The HO3 is reserved for homeowners, but not exclusively single-family homes. If you own a multi-family (2-4 family) property and live in one of the units you can usually use the tried, true and tested HO3 policy to cover the entire dwelling, your contents (your stuff), and your own personal liability exposure. Because you live there, the cost of insurance is lower than if you…

You know what they say about assumptions, right? They’re an awful thing to have, especially when it comes to any kind of insurance coverage. It’s never a good idea to assume something is covered. For that reason, when you purchase commercial insurance, your assumptions could lead to the ruin of your business, or at the very least, a rude awakening. No one ever said that reading the fine print of an insurance contract is fun, but a lot of things…