When accidents happen, and you’re liable for them, your regular home, car, or other insurance policy may not cover all the damages. When that happens, you may feel stressed, overwhelmed, and anxious, but you don’t need to take that risk. Umbrella insurance offers extra coverage to shield you from the worst storms. People in Boca Raton, FL, can rest assured because Coastal Premier Insurance Group is equipped to help you understand umbrella insurance better.

What’s So Good About Umbrella Insurance?

In life, there are many things you insure; these things have a lot of value or can cause significant damage when something goes wrong. However, not all people’s insurance policies offer enough financial protection. That’s where umbrella insurance comes in.

Umbrella insurance adds extra protection, so when other types of insurance benefits run out, the umbrella insurance takes over and will pay additional charges up to the policy’s limit. In many cases, insurance policies have liability limits, which can lead to a financial crisis. Still, umbrella insurance helps you know that an incident doesn’t have to be as costly.

Don’t Let Bad Days Become Worse

No one wants to be liable for an incident, but accidents happen, and we’re all just human, so it’s inevitable that we will sometimes make mistakes; these mistakes don’t have to be our downfall. With the help of umbrella insurance, an accident doesn’t have to be quite so devastating.  

At Coastal Premier Insurance, we want to help more people get the insurance they need. We serve those in Boca Raton, FL, and the nearby areas, and we welcome you to contact us to learn more about umbrella insurance policies.

Owning a small business is a dream for many Americans. You get to be your own boss, make most of the critical decisions, and reap the fruits of your labor. Yet, starting a business also comes with many risks. Fortunately, business owners can take steps to mitigate some risks, including taking out commercial insurance, leveraging sound financial planning, and always staying apprised of threats. Let’s look at some of the key risks many businesses face.

If you have any specific questions, however, feel free to contact Coastal Premier Insurance Group, serving Boca Raton, FL.

Markets Can Be Cut Throat

The biggest risk businesses face day in and day out is stiff competition. Most markets are competitive, and a competitor may outperform you if you’re not at the top of your game. You might even be pushed out of the market. As a business owner, you need to pay close attention to the competition and constantly look for ways to improve your business.

Natural Disasters Can Strike at Any Time

Just like families, businesses need to worry about natural disasters. A tornado might wipe out your restaurant, or a hurricane could sweep away your auto repair shop. Fortunately, you can take out commercial insurance plans that cover natural disasters. Of course, read the fine print to determine what is and is not covered.

Businesses Face Many Liabilities

You may face a civil suit if a customer slips into your store. Likewise, if products malfunction or contaminated food is served, you may end up in court. Fortunately, some commercial insurance plans will cover such events in some circumstances.

Want to explore commercial insurance options? Contact Coastal Premier Insurance Group, serving Boca Raton, FL, and beyond.

Umbrella insurance is important to have if you are a consumer in Boca Raton, FL, who wants to enjoy total financial protection. At Coastal Premier Insurance Group, we provide umbrella insurance. 

There are plenty of things to love about umbrella insurance. The following are four things you’ll love about your umbrella insurance policy. 

Umbrella insurance helps consumers avoid financial risk while enjoying activities they love.

Umbrella insurance is especially important for consumers who enjoy recreational activities known for involving financial risk.

If you are an avid skier or boater, for example, you should have umbrella insurance so that you can enjoy these beloved activities with more peace of mind. 

Umbrella insurance reduces stress.

Many consumers experience stress when they consider the possibility of facing a lawsuit. You don’t have to worry about this scenario when you have umbrella insurance that will cover the costs that you could face. 

Umbrella insurance enhances the insurance coverage that consumers already have.

Umbrella insurance is designed to build upon the financial security offered by other types of insurance, such as auto and home insurance.

If you cause an auto accident or are held liable for an accident in your home, umbrella insurance will cover any costs that exceed the maximum coverage amounts of your home or auto insurance policies. 

Umbrella insurance protects a consumer’s hard-earned assets.

A consumer who doesn’t purchase umbrella insurance leaves their assets at risk. If you face a costly lawsuit, you might end up having to pay enormous sums out of pocket. With umbrella insurance, these costs will be covered, and your assets will be protected. 

We’re here to help you if you want to learn more about umbrella insurance in Boca Raton, FL. Give us a call at Coastal Premier Insurance Group, and we can provide you with a quote on a policy that will allow you to achieve financial security. 

The business world is unpredictable, and unforeseen circumstances can occur anytime. Property damage is one of them that can cause significant problems for businesses, which is why it’s essential to have insurance coverage for your physical assets. Property insurance is the type of policy that protects businesses from unexpected losses or damage to their assets due to natural disasters caused by humans. Coastal Premier Insurance Group discusses why property insurance is a must-have for businesses in Boca Raton, FL.

1. Protection Against Natural Disasters: Florida is no stranger to natural disasters such as hurricanes, floods, and windstorms. Hurricanes can lead to the loss or damage of their physical assets. Property insurance can provide coverage for replacing or repairing damaged property and the funds needed to cover business interruptions caused by natural disasters.
2. Coverage Against Fire: Fire is also a significant threat to businesses in Boca Raton. Accidental fires can damage property and equipment, leading to significant financial loss for businesses. Property insurance can cover repair and replacement costs of damaged property due to fire, including equipment and machinery.
3. Protection against Theft: Businesses are at risk from theft, vandalism, or burglary. Theft can lead to property loss and other assets, seriously impacting a business’s operations. With property insurance, companies can protect themselves from financial loss arising from theft and related cases.
4. Liability Coverage: Property insurance also provides liability coverage. For instance, if a visitor is injured on your property due to an accident, you could be held liable for any injuries sustained. 

Property insurance is a must-have for businesses in Boca Raton, FL. Contact Coastal Premier Insurance Group to invest in property insurance and safeguard your physical assets today!

If your current insurance policy doesn’t provide the amount of coverage you need to feel secure, you might wonder if umbrella insurance is an option to get more mileage out of it. At our office at Coastal Premier Insurance Group in Boca Raton, FL, clients frequently ask how umbrella insurance might be able to extend their home insurance or other insurance policies’ ability to handle worst-case scenarios.

 While umbrella insurance can be an excellent solution for increasing a policy’s coverage, it only works with certain policies. The article below shares what types of policies pair with umbrella insurance.

What types of policies can you use with umbrella insurance?

The simple answer is that home insurance, boating or watercraft insurance, and auto insurance all pair with umbrella insurance policies. If you want to add an umbrella insurance policy to any of these ones, you shouldn’t have a problem as long as the policies meet the minimum requirements for limits and other factors. 

If you want to add umbrella insurance to a health insurance policy, life insurance policy, condo insurance policy, or other kind of insurance, you won’t be able to do so. Unfortunately, umbrella insurance only works with a handful of types of insurance. Still, umbrella insurance can be great if you want some extra coverage (and the extra peace of mind that comes with it!) for your homeowner’s insurance, boat insurance, or car insurance.

Even if you’ve added umbrella insurance to a policy, you’ll want to review the policy terms to see what it covers specifically. Umbrella insurance policies tend to cover liability if it exceeds the policy limit.

Call Coastal Premier Insurance Group in Boca Raton, FL today to hear about our umbrella insurance policies!

Not all businesses require commercial insurance. That’s a little tidbit of honesty from Coastal Premier Insurance Group. However, some Boca Raton, FL, online businesses do need commercial insurance. You would need a commercial policy if your business handles other people’s personal property or sells products for delivery (not digital goods).

Defining Handles Other People’s Personal Property

If you offer restoration or cleaning of small items, such as jewelry or watches, your customers may mail you their items. That’s their personal property, and you need a commercial policy that covers those materials for you in case of theft, accidental damage, or a disaster.

Selling Tangible Products for Delivery

When you directly sell items such as shirts, mugs, caftans, books, etc., you need to cover your inventory with business inventory insurance. You don’t need this if you operate a drop shipping sales operation, but you do if you store the inventory at your home or a storage unit. Also, if you do store your own inventory, always purchase US Postal insurance for the packages. No, we don’t get a cut of their sales, but we do want your business to succeed.

When an Online Business Needs Liability Insurance

Now that essentially any business can operate online to some extent, more online businesses need liability coverage. If you operate an online consultancy as an attorney, doctor, nurse, or nurse practitioner, you’ll need liability coverage even though people don’t visit your physical location for meetings. Instead of protecting you from lawsuits due to trip and fall accidents, the policy offers protection from mistakes that cost the consumer money, health, or both.

Contact Coastal Premier Insurance Today

Contact Coastal Premier Insurance Group today to obtain the right insurance for your Boca Raton, FL-based online business. Let us help protect your business investment.

There’s a lot of content floating around about umbrella insurance, and not much of it is easy to understand. Here at the Coastal Premier Insurance Group, we’ve taken the time to create a detailed and easy-to-understand definition of umbrella insurance. You can use this definition to stay calm and cool as you learn about this popular type of policy in Boca Raton, FL.

Umbrella Insurance Definition

Sometimes, the easiest way to understand the definition of something is to ask a question about it. For example, what kind of personal liability coverage protects the policyholder from claims that exceed the standard limits of their existing coverage?

Answer: Umbrella insurance coverage. 

How to own an umbrella policy?

You cannot purchase umbrella insurance without existing coverage already in place. Let’s say you want to buy umbrella coverage for your home. You can only do so if you already have homeowner’s insurance and you need coverage that extends beyond what is found in the existing policy. Umbrella insurance comes in many types, including umbrella auto coverage, umbrella homeowner’s policies, and even umbrella watercraft insurance.

Who is a good candidate for umbrella insurance?

People who have a lot of assets, have access to things that could be dangerous or do things that make them more likely to be sued are good candidates for umbrella insurance. This includes homeowners with trampolines or swimming pools on their property. If you partake in any of the following activities, you’re a solid candidate for an umbrella policy:

• Managing property
• Coaching athletes
• Volunteering
• Playing a contact sport
• Regularly reviewing brands and products

Contact the Coastal Premier Insurance Group today to learn more about umbrella insurance and whether you’d benefit from coverage. The firm is ready to assist you with all of your Boca Raton, FL insurance needs.

If you have a business, it is important to carry proper commercial insurance. Finding the right policy to protect your company, yourself, and your employees might be complicated, so we have put together a list of questions you should ask before getting a commercial insurance policy.

• Do I need commercial insurance? Many businesses remain uninsured because business owners do not want to spend extra money on business insurance. However, the answer to this question is yes, you need business insurance. This insurance is a guarantee that your business is covered and protected. 
• How much do I have to pay for insurance? As a business owner, you probably plan your budget and want to know how much commercial insurance would cost. The cost of business insurance depends on certain factors, including the specifics of the policy, your industry, and the insurance company. 
• How much coverage do I need? There are many types of commercial insurance, including workers’ compensation, commercial property insurance, cyber liability, commercial auto insurance, and more. It is essential not to overinsure your business because it can be quite costly. Underinsuring a business is also a common problem. It is recommended to talk to an experienced insurance agent, who will recommend you the proper coverage. 

Coastal Premier Insurance Group – Reliable and Trustworthy Insurance Company in Boca Raton, FL

If you own a business in sunny Florida and are looking for commercial insurance to protect it, Coastal Premier Insurance Group is ready to assist you. Our company specializes in different types of insurance, including business insurance. Contact us to help you get the perfect insurance coverage according to your business needs and budget. 

Umbrella insurance is never a legal requirement for Boca Raton, FL residents, but many purchase these policies to guard against financial loss. Your Coastal Premier Insurance Group provider can provide specifics on what would be covered.

Umbrella insurance is designed to work in tandem with your other types of indemnification. Limits are typically higher, and these will begin to cover costs once your primary coverage is exhausted. The scope of named perils can sometimes be broader as well. 

You can purchase umbrella insurance on your automobile so that you and others will be covered for physical injuries and property damage in a wreck. Some people opt for this protection, as collisions can result in lawsuits or exorbitant medical bills. 

Business owners can decide to buy commercial umbrella insurance for various categories. You can obtain coverage that extends to your buildings and the property, as many companies store expensive machinery, inventory, and raw materials in their warehouses. Slander, errors and omissions, libel, and advertising mistakes, like typos and misleading information, can also be included. 

You can also add an umbrella policy to your homeowner’s insurance, which will add a more robust cap when dealing with incidents, such as injuries to guests and their medical bills or lawsuits resulting from negligence. Additionally, repairs to your house should be taken care of, and this is particularly important if your dwelling is costly or if you have possessions that are rare or difficult to replace. 

Coastal Premier Insurance Group Can Help

Visit our website, or stop by the office in person. You can also call and speak to our knowledgeable agents for more information, and we provide excellent insurance resources for those living in the Boca Raton, FL area. 

If you own a business in Florida, it’s essential to protect that business with suitable insurance. Some of these insurance types are mandated for certain companies in the state, while others can be beneficial but aren’t required. If you want to keep your business protected and operating within the law, call us at Coastal Premier Insurance Group in Boca Raton, FL.

Workers’ Compensation Insurance 

This is a significant type of insurance that some Florida businesses are required to have. This insurance pays for the medical bills of employees who get injured on the job. This insurance is critical to have because medical bills can cost so much. In Florida, this insurance also pays partial wages to employees as they recover. When you have a business within the state that has at least four employees, this insurance is required for you. Those four employees can be part-time or full-time. An exception is construction businesses. They must have this insurance type for all employees, no matter how many. Even if this insurance isn’t required for you because you have fewer than four employees, it’s a good idea to get it to protect yourself. 

Commercial Auto Insurance

Businesses in Florida also have to have commercial auto insurance when they own a vehicle. This insurance must have two types of coverage in the policy. This includes property damage liability and personal injury protection. The amount of the required coverage is so low. However, it’s a good idea to raise the amount you get for better protection for your business. If you own a trucking company, you may have other insurance requirements. 

Get Your Commercial Insurance Coverage

Make sure your Florida business has the protection it needs. Call us at Coastal Premier Insurance Group in Boca Raton, FL.