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What's the difference between personal and commercial auto insurance?

What’s the Difference Between Personal and Commercial Auto Insurance?

Posted on May 9, 2019 by Jason Levine in Auto Insurance, Auto Insurance, Car Insurance, Car Insurance, Commercial Insurance, Commercial Insurance with No comments

If you own any type of business, you probably know that a Business Owner’s Policy (BOP) is an essential tool to have in your insurance arsenal. But it’s not the only kind of commercial insurance you need.

Your BOP doesn’t provide any coverage for vehicles, so you’ll need a separate policy if you want auto insurance. (Trust us, you do!)

You might have heard from other well-meaning business owners that your personal auto insurance will cover business use. In most cases, this isn’t true.

Let’s take a look at the difference between personal and commercial auto insurance.
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Here's why general liability insurance coverage isn't enough to protect your business.

Why General Liability Insurance Coverage Isn’t Enough

Posted on April 11, 2019 by Jason Levine in Commercial Insurance, Commercial Insurance, Coverages, Employment Practices Liability Insurance, Error & Omissions, Error & Omissions, General Liability Insurance, Professional Insurance, Workers Compensation with No comments

Most business owners hear the phrase “general liability insurance” and assume that they are covered against “general” liabilities.

This assumption could not be further from the truth.

The fact is, as a business owner, your general liability insurance coverage isn’t enough to protect your business from every foreseeable risk.

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Understanding Commercial Auto Insurance in Florida

Understanding Commercial Auto Insurance in Florida

Posted on March 8, 2019 by Jason Levine in Auto Insurance, Auto Insurance, Car Insurance, Car Insurance, Commercial Insurance, Commercial Insurance with No comments

As a business owner, you’ve heard about (or currently carry) a variety of different commercial insurance types, from worker’s comp to EPLI insurance.

But if you own (or want to start) a business that relies on any kind of vehicle, one type of insurance you can’t go without is commercial auto insurance.

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How EPLI Insurance Can Save Your Business

How EPLI Insurance Can Save Your Business

Posted on February 28, 2019 by Jason Levine in Commercial Insurance, Commercial Insurance, Employment Practices Liability Insurance, Professional Insurance with No comments

After your BOP, Employment Practices Liability Insurance (EPLI) is one of the most important commercial insurance policies you will ever purchase.

Along with worker’s comp, liquor liability coverage, and commercial auto, EPLI insurance is an essential addition to any business looking to build a comprehensive portfolio of coverage.
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Insurance for contractors

Insurance for Contractors (What It Is & Why You Need It)

Posted on October 2, 2017 by Jason Levine in Commercial Insurance, Professional Insurance, Workers Compensation with No comments

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.

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9 types of restaurant insurance you needed yesterday

9 Types of Restaurant Insurance You Needed Yesterday

Posted on July 11, 2017 by Jason Levine in Commercial Insurance, Coverages, Employment Practices Liability Insurance, ID Theft, Power Outage, Spoilage, Workers Compensation with 1 comment

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.

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insuring a home based business

Insuring a Home Based Business

Posted on May 3, 2017 by Jason Levine in Commercial Insurance, Homeowners Insurance with 1 comment

“Do I need liability insurance for an e-commerce store? What should I consider when insuring a home based business?”

There are approximately 14,000,000 home-based businesses in the U.S. Many people choose this type of business because they love the flexible hours, the lack of commute, the comfort of working in their pajamas, and the added benefit of saving money.

“Since I don’t have a warehouse or storefront,” they determine, “I can spend less on rent, taxes, and insurance. Right?”

Unfortunately for these uninformed business owners, that is simply not true.

Home-based businesses—whether the customers come to you, you go to them, or the business is completely done online—are not exempt from needing insurance.

And if you think you’re off the hook because you have insurance on your home, think again.
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Does your business need insurance even if you run an LLC out of your home? Yes!

Does Your Business Need Insurance?

Posted on March 1, 2017 by Jason Levine in Commercial Insurance, Professional Insurance, Workers Compensation with No comments

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?

In short, yes.

No matter how safe your business is—or how careful you are—there’s no such thing as a “risk-free” business.
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What Are Commercial Bonds?

Posted on February 1, 2017 by Kathy Barton in Commercial Insurance with No comments

What Are Commercial Bonds and Why Would I Need One?

Many times a client will come to me questioning why someone is requiring them to have a commercial bond. This article will provide some information to help explain what commercial bonds actually are, who they are protecting, and what types of commercial bonds are most commonly written.

Bonds function much like insurance in that they guarantee that obligations are fulfilled. If a promise is breached, the bond will pay to fulfill the promise. There are generally 3 parties: The bond holder (principal), the party for whom the work is being done (obligee), and the company providing the bond (surety company).

The two most common bond types are Surety Bonds and Fidelity Bonds. The basic difference is that a surety bond protects the public. A fidelity bond is employee dishonesty insurance coverage. In a nutshell, if someone is requiring you to provide a bond, you are looking for a surety bond. If no one is requiring the bond, you are more than likely looking for a fidelity bond.

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