Commercial Insurance Archives - Harry Levine Insurance

What Is Errors and Omissions Insurance?

Posted on July 24, 2020 by Jason Levine in Commercial Insurance, Commercial Insurance, Error & Omissions, Error & Omissions with 1 comment

What exactly is E&O Coverage?

Whether you’ve heard it called Errors and Omissions insurance or Professional Liability insurance, let’s take a closer look at what it is (and why you need it).

We all learned from a young age that no one is perfect. But, while we’re usually quick to overlook our own mistakes, you’ve probably discovered that your clients aren’t as forgiving when you mess up.

Everyone is sure to have an “off day” from time to time, but businesses that perform a service or give advice can’t afford to make a mistake. Especially when those mistakes can lead to a loss for a client or colleague.

Luckily, the insurance industry recognizes a need to cover instances of errors, omissions, and negligence, which means there’s a product available to protect your business.

There are many names for it but whether you call it Professional Liability, Malpractice Insurance, or Errors and Omissions insurance, this is one business insurance policy you shouldn’t neglect.
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Just started a business? Here's the types of business insurance you'll probably need.

What Types of Business Insurance Do I Need?

Posted on May 28, 2020 by Jason Levine in Commercial Insurance, Commercial Insurance, Coverages with No comments

Every new company needs protection.

Find the right level of coverage with these 11 types of business insurance.

An estimated 44% of small business owners have never had insurance.

That number is much too high!

Commercial insurance losses are too common (and too expensive) not to have adequate protection in place to stave off disaster.

If you’re reading this, you understand that business insurance is well worth the cost of your premiums. The question you need help answering is, “How much insurance coverage do I actually need?”

In this article, we’ll take a look at the essential types of business insurance you absolutely need to have.
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Why Does Small Business Insurance Cost So Much?

Posted on May 21, 2020 by Jason Levine in Commercial Insurance, Commercial Insurance with No comments

“I have a small business…so why does my insurance cost so much?”

Why does small business insurance cost so much? Allow us to untangle it for you.

There are few things more exciting than a business startup. Picking your company name, designing a logo, signing a lease, hiring your first employee, selling your first widget…you’re ready to hustle, baby!

Something that’s probably not so exciting? The commercial insurance quote.

“Wait a minute,” you say. “I have a small business. Why does small business insurance cost SO much?”

There are actually a LOT of different ways to answer that question!

In this article, we’ll try to give you a better understanding of why small business insurance is priced the way that it is, why you shouldn’t base your decisions purely on cost, and a simple way that you can make sure you’re getting the most out of every dollar you spend on your insurance.

5 Professional Insurance Policies You Can’t Do Without

Posted on April 14, 2020 by Jason Levine in Commercial Insurance, Commercial Insurance, Coverages, Cyber Liability, Data Breach, Employment Practices Liability Insurance, Error & Omissions, Error & Omissions, Professional Insurance with No comments

Your professional insurance needs go way beyond property damage.

Protect your clients, your reputation, and your livelihood with these five professional insurance policies.

Most business owners understand the risk fire poses for a restaurant, or the consequences of a hurricane flooding a retail store. But many people don’t stop to think about the intangible risks that threaten professional services businesses like accounting firms, law firms, or marketing agencies.

Risks that property insurance and general liability coverage can’t protect you from.

Insurance works best when it’s custom fit to you. If you’re running a professional services business, you need professional insurance policies that fit.

Businesses that provide a professional service often seem “low-risk,” but just because you’re not working with open flames or heavy machinery doesn’t mean that you’re immune to disaster.

Here are five professional insurance policies that no professional services business should be without.
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How Much Does Business Insurance Cost? (7 Factors That Affect Your Premiums)

Posted on April 9, 2020 by Jason Levine in Commercial Insurance, Commercial Insurance, Premiums with No comments

No business should be without insurance.

But what does business insurance cost? Here are 7 things that determine your premium amounts.

There are few ventures more exciting than starting a new business. Picking a business name, designing a logo, looking for real estate…you’re turning all these dreams into reality.

While insurance may not have the same appeal as developing a menu or decorating an office, it has arguably the biggest impact on your business’ success. That is why the Harry Levine Insurance agency places such a strong emphasis on educating our clients on the policies available to them.

In this article, we’ll be tackling one of the most pressing concerns for business owners: How much does business insurance cost?

The problem is, your insurance premiums depend a lot on your unique business. But since it doesn’t help to say, “It all depends; contact your agent,” we’ll give you some insight into seven different factors that have an affect on the cost of business insurance.
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10 Business Insurance Myths Debunked

Posted on April 3, 2020 by Jason Levine in Commercial Insurance, Commercial Insurance, Cyber Liability, Data Breach, Employment Practices Liability Insurance, Error & Omissions, Error & Omissions, General Liability Insurance, Professional Insurance, Workers Compensation with No comments

There’s a lot of misinformation about business insurance. Allow us to set the record straight.

Learn the truth behind these common business insurance myths so you can set yourself up for success.

As a small business ourselves, the Harry Levine Insurance agency hates to see local businesses with the wrong insurance policies.

Whether it’s someone with unnecessary policies, too little coverage, or—worse still—no insurance at all, we can usually trace it down to one thing: misinformation.

Too many people have fallen prey to these business insurance myths for us not to address them. So we’ve gathered up the 10 most popular myths people believe about commercial insurance and debunked them, one at a time.

What Is a BOP (Business Owner’s Policy)?

Posted on February 13, 2020 by Jason Levine in Commercial Insurance, Commercial Insurance, Coverages, General Liability Insurance with No comments

Those “in the know” know that a business owner’s policy (BOP) can be one of the most efficient ways to kick off their commercial insurance coverage.

But exactly what is a BOP? In this article, we’ll discuss what a BOP policy covers, why you want one, and who can benefit from it.

When it comes to your business, you don’t want to miss a single detail. You purchased the right furniture and equipment, leased the perfect location, and hired the right employees. When something goes wrong, you’re on top of it.

But how much thought have you put into your business insurance?

The right level of insurance coverage is crucial to making sure that your doors stay open for years to come. And for some business, that starts with a BOP.

Builder’s Risk Insurance for New Construction in Horizon West, FL

Posted on January 3, 2020 by Jason Levine in Commercial Insurance, Commercial Insurance, Coverages, Homeowners Insurance, Homeowners Insurance, Inland Marine with No comments

Nestled between Clermont, Winter Garden, and Windermere lies the burgeoning neighborhood of Horizon West, Florida. With easy access to both Disney World and downtown Orlando, it’s easy to see why Horizon West could make 34787 the next “it” zip code.

Local builders seem to think so. Construction is underway for dozens of subdivisions in the area. And one thing that no new construction project should be without is adequate builder’s risk insurance.

Just because new construction homes aren’t occupied doesn’t mean they aren’t full of risk. Here’s everything you need to know when purchasing builder’s risk insurance.
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The Types of Handyman Insurance Every Pro Needs

Posted on December 30, 2019 by Jason Levine in Commercial Insurance, Commercial Insurance, Coverages, Employment Practices Liability Insurance, General Liability Insurance, Workers Compensation with No comments

As a handyman, you know how important it is to have the right tools for the job: a selection of screwdrivers and drill bits, a sturdy ladder, a good pair of work gloves….

But there’s one more important thing you need that you can’t find in a hardware store: the right handyman insurance.

While there aren’t any policies specifically labeled “handyman insurance,” there are certain types of coverage that no handyman should be without. In this article, we’ll talk about the different types of insurance you need as a handyman as well as how to use your coverage to increase your clients’ trust.
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5 Common Restaurant Insurance Claims

Posted on December 17, 2019 by Jason Levine in Commercial Insurance, Commercial Insurance, Coverages with No comments

When it comes to property claims made by restaurants, it isn’t a matter of if a claim will be filed, it’s a matter of when.

Research has shown that around 40% of small business owners in America will file a claim within the first decade of operating. And restaurants make up a huge chunk of this, owing largely to a higher risk of occupational hazards and damages.

Anyone working within the restaurant industry needs to be fully aware of the most common restaurant insurance claims, so you can make sure you’re adequately protected.
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