You’ve registered with SunBiz.org, signed a lease, and maybe even hired your first employee. But then a friend asks about your insurance. What does small business insurance cost, anyway? What should you expect?
Your business insurance premiums depends a lot on your unique business, but it doesn’t help you to just say, “It all depends; contact your agent” without also giving you a little bit of insight into how several different factors affect your small business insurance cost.
Carrying the right insurance for contractors is just as important as having the right drill bit: it can keep you in business for years to come.
Construction projects are, by their very nature, filled with risk: heavy tools, sharp objects, demolition…need we say more? So when your customers trust you with their homes or businesses, it’s vital to earn and keep their trust; you can do this best by providing top-notch work and protecting them (and yourself) from that risk.
How can you do that? It’s all about having the right insurance policy.
In this article we’ll talk about the different types of insurance for contractors and how to use your coverage to increase your clients’ trust.
Insurance companies really (really really) hate unpredictable risk.
After all, “unpredictable risk” means “claims.” And “claims” involve giving you money.
(No one likes to give away money. Not you. Not your insurance company.)
Predictability means the insurance company can charge you reasonable prices and pay their claims. But getting insurance for a vacant home often means more unpredictable risk.
Sure, there’s a natural level of risk that comes from living in a home—a neglected pot of pasta on the stove causes a fire or your toddler’s toilet antics bring on a plumbing nightmare. The insurance company knows this. So they tweak their numbers and policies to minimize their risk as much as possible.
So if living in a home causes more claims, you would think they would prefer that your home be empty, right?
As it turns out, it’s even more important to get insurance for a vacant home. Read more →
You’ve heard of workers compensation. You (hopefully) have it. You may even have had employees who needed it when they were injured on the job. But there are also many myths and misinformation about Florida workers comp insurance that you might believe. Misinformation that could prevent you from protecting your business the way you need to.
As insurance brokers, our goal is to see everyone receiving the right amount of coverage for their property, person, and business. And—whether you work for or own a business—you need to know the truth about Florida workers comp insurance. Read more →
Owning a restaurant is a dream you’ve held for years and now it’s coming true! You’ve thought about your menu, seating options, even your logo, but have you thought about restaurant insurance?
Between your inventory, customers, and the business itself, restaurants carry a large amount of risk. But your pizza parlor, bakery, or cafe is also your livelihood. Is that a risk you’re willing to take? Having the right restaurant insurance policy can prevent you from having to kiss your dream goodbye.
So let’s take a look at 9 essential types of restaurant insurance that will keep you in business for years to come.
Put down the phone! You can save hours, stress, and money by getting an insurance rate comparison from an independent insurance agent.
Maybe you’re starting a new business. Or perhaps you’re just curious about whether you’re overspending on your premiums. Getting an insurance rate comparison is a great way to research your options and get a policy that’s right for you.
But you have a choice: use up next week’s lunch breaks calling every insurance company you can or getting an insurance rate comparison from an independent insurance agent.
Aside from the fact that they’re completely free (yep!), here are five reasons why you should work with an independent insurance agent rather than buying your policies directly from the corporate office.
You haven’t even made it all the way inside from your mailbox, and you’re already frustrated!
It seems like every year when that homeowner insurance renewal comes, it’s asking for more money. You haven’t had a claim since you bought the home 15 years ago; it just doesn’t seem fair.
Well, when it comes to one of the biggest causes for home insurance premium increases, you’re right. It’s not fair.
When Homeowners Become Victims
The State of Florida is currently faced with a major insurance crisis.
It comes in the form of widespread fraud…specifically fraud perpetrated by crooked contractors and public adjusters responding to claims caused by alleged water damage and hail storms. Homeowners become victims when they fall for a too-good-to-be-true offer from the scammer.
Let’s take a look at some examples of how this fraud is committed. Read more →
Let’s say that your e-commerce business has been doing so well that you’ve decided to scale things up and open a storefront or office. Do your insurance options need to change? How is brick and mortar insurance different from the coverage you had with your online business? Read more →
Let’s say you run a small business from your home. You don’t have employees; customers don’t come into your store (so no risk of them slipping on a wet floor and suing you); and your custom-designed hair bows aren’t going to injure anyone. Does your business need insurance?