The summer is here and it’s the perfect time to reevaluate your business insurance policies. Even though you may think that your small business is protected by your current policies, it never hurts to do a quick check. The summer months bring their own hazards and it’s important to make sure that you are prepared for whatever pops up. These are some coverages you may want to think about for the warm weather. Insurance is there for when unexpected events…
Workers’ compensation covers the costs of work-related injuries and illnesses, like medical bills and lost wages. Here’s how workers’ comp works, and what you need to know as a business owner. Workers’ compensation insurance covers an employee’s medical care costs and wage replacement for work-related injuries or illnesses. Nearly every state requires businesses with employees to have workers’ comp coverage. Since it’s required by law, many business owners sign up for workers’ compensation coverage without actually understanding what it does…
For Business Owners and Managers in Miami and Across Florida As a business owner, you need the same kinds of insurance coverages for the car you use in your business as you do for a car used for personal travel — liability, collision and comprehensive, medical payments (known as personal injury protection in some states) and coverage for uninsured motorists. In fact, many business people use the same vehicle for both business and pleasure. If the vehicle is owned by…
Small businesses face many risks and are better off insured than not. Here are five compelling reasons that outline the importance of insurance to small firms. There are about 30.7 million small businesses in the United States. If you’re the owner of one of these small businesses, you already know that there is a lot of work that goes into operating a business. If something happened that you did not anticipate, would your business be safe? Not all small businesses…
Memorial Day might be the unofficial start of summer, but Independence Day is when the season truly kicks into high gear. July 4 is a holiday that has something for everyone, whether you like to host (or attend) backyard barbecues, get out on the water or just hang out at home and watch the “bombs” bursting in air once the sun sets. As you celebrate America this year, however, keep safety in mind — those fireworks aren’t the only holiday staple…
What’s An HO3 & HO6 Insurance Policy Before we can talk about the differences between an HO3 and an HO6 policy, we first must understand how each plan works individually. What is An HO6 Homeowners Policy An HO6 policy is just the technical name for Condo Insurance and is going to be for a condo owner. This type of policy traditionally will only cover your personal property, personal liability, your walls, floors, and your ceilings when you live in a…
For those in the aviation business, it is crucial that you address your complex aviation risk exposures. When considering insurance, you can’t really bypass discussing liability coverage. There are several different types of insurance that apply to the industry, but one could certainly not risk going without proper aviation general liability insurance. Most insurance coverages in aviation require specialty underwriting, so it’s important that you are equipped with aviation general liability insurance from a provider with experience in the market.…
Property and casualty plans have limits to the amount of coverage they provide. If you sustain a loss, you will need to pay for any costs beyond your plan limits unless you have an umbrella plan. An Umbrella policy is an extra type of liability insurance that will provide coverage to you above and beyond the standard policy you have in place. It protects you over the limits on your home or condo insurance. You may also be able to…
One of the primary responsibilities of being a business owner in South Florida is building a solid reputation that customers trust. After all, word-of-mouth is very powerful, and with online reviews, customers and employees do not hesitate to express individual experiences when it comes to dealing with your business. So, consider these scenarios. What happens if one of your employees or customers got injured on your business property? What would happen if the building your business is located in suffers…
From the physical structure to the interior assets, your long-term goals to the day-to-day expenses, your business is a significant investment. That’s why protecting your business in all areas is imperative. Crime prevention starts with a plan. We’ve gathered nine crime prevention tips for businesses to help you make that plan and stop theft in its tracks. Explore them all: Use the business buddy system. If you’re on a street with other businesses, work together and with local law enforcement…
