As renters and homeowners, we carry insurance to protect our personal possessions and assets. Your home is often the biggest asset that you have, and an appropriate policy protects it from damage or destruction. It can also provide a measure of liability coverage. Sometimes, though, there are unfortunate events that will max out that policy. That is where an umbrella policy comes into play. Umbrella policies are an added measure of liability protection. For instance, if someone is injured on your property. Your homeowners’ policy will cover their medical expenses. 

However, should they decide to sue you with regard to the injury, your policy may not be able to cover all of the legal fees. Also, there is the potential that their medical expenses can exceed what is covered in the homeowners’ policy. An umbrella policy kicks in when your other insurance policies have reached their caps. The team at Coastal Premier Insurance Group works with homeowners and businesses in the Boca Raton, FL area to ensure that they have adequate coverage should the unthinkable occur. 

Umbrella policies help protect the assets of the insured. Therefore, the more assets you have, the more steps you should consider taking to protect them. An umbrella policy provides that extra layer of protective coverage should you need it. While most people are not excited about adding additional insurance coverage, it is a valuable tool to consider. Also, umbrella policies are generally low cost, so the additional coverage makes fiscal sense. The agents at Coastal Premier Insurance Group, serving the Boca Raton, FL area, are ready to talk with you about your current coverage and the benefits of an additional umbrella policy. Call us today and get the coverage and protection you need!

When you start your business, here are a lot of different things to consider. Once you decide on a business structure and formation, you should purchase commercial business insurance. In Boca Raton, FL, Coastal Premier Insurance Group can help you find the right insurance to protect your business.

BizFilings suggests that there are two main types of commercial/business insurance: Liability and Property.

Liability Insurance

Liability insurance can help with protecting you and your business in the event there are damages you are held liable for, including personal injuries to you or someone else and in or around your property, as well as advertising claims. Each type carries different coverage amounts, and you should evaluate each section based on your company and how it runs. A qualified insurance agent can help you figure out exactly how much coverage you need, and what kind of assets need to be included in your liability insurance policy to ensure your personal assets are safe. There are general liability insurance policies, and professional liability insurance policies – ensure you are aware of which you need and how it will cover your assets.

Property and/or Product Liability Insurance

General liability insurance protects your personal and corporate assets, but what about damage to your property? The Balance details how small businesses (and large ones, too) who are manufacturing or selling products need to be protected with product liability insurance should a person sustain an injury in relation to using your product. Ensure your business’ property is covered in the event of damage, and that you and your business’ assets are protected in the event injuries occur and you are held liable.     

Recommendation: Ensure you have adequate comprehensive liability and property insurance policies for your business. If possible, a specialized form of coverage, such as fidelity and/or umbrella coverage, could also benefit you and your business and help safeguard your assets.

In Boca Raton, FL, Coastal Premier Insurance Group is your resource to protect your personal assets and your business assets from lawsuits. Contact us today to review your options. Remember, if you’re not insured, you’re leaving your personal assets, like your car, home, and personal bank accounts, liable for garnishment or seizure.

Umbrella insurance is a wonderful type of insurance that can cover a wide variety of things. However, it is not the right option for many people. If you are wondering if it is the right option for you, then you need to consider the reasons why you would need this type of insurance. These tips from Coastal Premier Insurance Group, serving the Naples and Boca Raton, FL area, will help you determine if it is the best option for you. 

• You have a large house or one of high value – If you own a house that exceeds the limits of a traditional home insurance policy, then you may want to consider getting umbrella insurance to cover the difference in value for your home, or homes. 
• You own expensive cars – This is another area where you can only get so much coverage for your vehicles through auto insurance. If you need more than what you can get from your auto insurance, then an umbrella policy is the answer. 
• You host a lot of parties – If you like to have a lot of people come to your home for parties on a regular basis, you need extra liability coverage. You do not want to have to pay for medical bills for someone that gets hurt on your property, but without an umbrella policy, you may have to if you do not have liability coverage elsewhere. 

If you think that umbrella insurance is a great option based on your needs, then you need to contact Coastal Premier Insurance Group, serving Naples and Boca Raton, FL area, today. We can help you find the right amount of insurance through an umbrella policy and make sure you are covered for what you’re worth. Reach out to our agents to learn more.

A home business is a wonderful thing, and for the most part, it is going to be a great deal of work with benefit and reward. The real issue comes when you try to work out how to protect your home business. For those that live in the Boca Raton, FL area, the agents with Coastal Premier Insurance Group can help you to find the right policy for your growing home business.

How does commercial insurance work for a home business?

To put things quite plainly, most home businesses are not large enough and do not deal with people face to face on a large enough scale to worry about having a separate commercial policy. The real determinant is the size of your business, the volume of customers that you deal with, and the overall value of your business. If you have a small business where you sell things on the internet from your home, your homeowner’s policy is going to cover the cost of your inventory and your computers that you use for work.

If you have people come into your home, you may want to consider a separate policy to protect against things like injury and other issues that you may come up against. If you have a home business that is larger than say a few thousand dollars in worth, you may also want to consider a policy. The real benefit of a commercial policy is that it is going to help protect your assets like your home if a lawsuit or other legal action is filed against you. It also helps to protect employees if you have any and helps to protect inventory if you have large amounts.

For those in the Boca Raton, FL area, the agents with Coastal Premier Insurance Group can help you get the perfect insurance coverage for your home business.

For additional coverage above your car or home insurance limits, consider buying an umbrella policy to cover high legal fees, as well as personal injury and property damage claims. Your Coastal Premier Insurance Group agent in Boca Raton, FL can help you determine if an umbrella policy will work for you.

When Would You Need Umbrella Insurance?

If you worked your whole life to build up a sizeable nest egg, you have assets worthy of additional protection. Don’t risk losing the home you worked hard to pay off. Instead, consider an umbrella insurance policy. Remember, all it takes to wipe you out is one guest falling down your stairs or a car accident you cause that results in extensive injuries or damage.

What Umbrella Insurance Covers

Your Coastal Premier Insurance Group agent can walk you through each of the available umbrella policies to see which ones are right for you.

Bodily Injury- If you cause an accident that hurts someone and the medical bills go beyond what your auto insurance will pay, an umbrella policy may cover the rest. It picks up where your home, auto, and other insurance stops, providing you with a broad safety net of additional coverage.

Property Damage- If your teenager crashes through someone’s fence and skids into the neighbor’s house, an umbrella insurance policy pays what your auto insurance doesn’t. The policy also covers damage that isn’t included in auto and homeowners policies. If your beloved Chihuahua shreds priceless furniture at the neighbor’s dinner party or your child damages a rare collectible, an umbrella policy may pay the damage. It is important to speak with an agent to learn exactly what can be covered.

Other Damages- An umbrella insurance policy covers judgments against you for libel or slander. It can also pay for false arrest, violation of privacy, and other civil charges.

Legal Fees- An umbrella insurance policy may take care of legal fees as well as court costs if you lose a court case.

Contact your Coastal Premier Insurance Group agent in Boca Raton, FL to schedule an appointment for a quote and to answer all your questions.

No commercial insurance is not a necessity, and this is why many businesses do not invest in it. It is a type of insurance that all businesses should look into. With the right policy, you can be well on your way to having peace of mind in knowing that all aspects of your business are adequately protected. Let’s take a closer look at what commercial insurance is and why you should invest in a policy at Coastal Premier Insurance Group in Boca Raton, FL.

Why Commercial Insurance?

If you are concerned with mitigating the risk of having ownership in commercial property, then you should carefully consider the advantages of commercial property insurance. Many different disasters can occur at any time, wiping out your entire business (like fire and storms). With the right commercial insurance policy, you can sleep better at night knowing you are protected. 

Did you know that commercial property insurance is tax deductible?

That’s right! Any money that you invest toward a commercial insurance policy can, in fact, be deducted off your taxes owed once tax season rolls around. You are earning back money for investing in coverage for your company. It’s a win-win! Also, if you have to make a claim on your commercial property insurance, the funds that you receive can be deducted from your taxes as well. It is important to speak with an insurance agent or the IRS before going this route.

There are many reasons for you to think about investing in a commercial insurance policy for your business. If you have questions about this type of insurance, please do not hesitate to reach out and contact the Coastal Premier Insurance Group serving the Naples, Port Charlotte, and Boca Raton, FL area. Our agents can help you find the insurance policy you need for your Florida business.

Umbrella insurance sounds like a good idea but it might not be right for everyone. Before signing an umbrella package, you’ll want to look at what it can offer you. If you are unsure of what to do in your situation, talk with our agents for guidance at Coastal Premier Insurance Group.

You have to consider that there are some things that umbrella packages will not cover in Boca Raton, FL or anywhere else for that matter. For instance, you’re going to have a hard time finding an umbrella package that includes a policy to protect you from liability claims against your business. Umbrella coverage may be a great option to build a foundation for your business. It can cover against personal claims and property damage, but a business has many insurance needs. Even with an umbrella plan in place, you’ll need to make sure that your existing business insurance policies do not leave you coming up short to cover the damages.

Furthermore, you still need to have basic coverage in place for your home, your auto, and so on. Umbrella is not an all-in-one policy so much as a "just-in-case" plan to lean on should you need to make a claim for damages that exceed your existing coverage.

That said, the deal you can get on an umbrella plan vs. paying for higher premiums on a half dozen individual policies can be significant. Ultimately, the umbrella policy will help. Instead of buying a series of robust policies, you buy one plan that offers additional coverage to all of them.

An umbrella policy is there to put the extended limits on your current policies. It goes the distance when you reach your policy limits. Talk with an agent at Coastal Premier Insurance Group in Boca Raton, FL to learn more about what an umbrella policy can do for you.

There are many factors that go into being a business owner in Boca Raton, FL, including having the proper commercial insurance for protection. Commercial insurance is for businesses and protects companies financial interests. There are many ways that commercial insurance from Coastal Premier Insurance Group can protect a business. Some may include:

Theft Protection

What happens if someone breaks into a business in the middle of the night? With the proper theft coverage written into a policy, the business owner is covered from losses. Some theft coverage policies have deductibles to be met before coverage begins, so check with your insurance agent to tailor a policy for your business needs.

Liability

This coverage protects the company if a third party (Customer, Vendor, etc.) is injured on work premises. These policies also protect against any damage to an individual’s personal property. For example, if a customer’s car is damaged by an awning collapse, the damage to the vehicle would be covered under a liability policy. 

Property Damage

This type of insurance coverage takes care of damage to buildings or property that occur due to any unforeseen circumstance. Most people think of fire and flood, but a business can be damaged from anything from a car careening out of control and hitting the business, to damage resulting from weather. 

Injured Employee

Worker’s Compensation is a type of commercial insurance that many don’t realize. In the event that an employee becomes injured on the job, this type of coverage ensures that the employee continues to receive a portion of their wages. In addition, they will have coverage for medical bills related to the injury.

For business owners in Boca Raton, FL, contact Coastal Premier Insurance Group today for your Commercial Insurance needs. We can help you find the policy that is right for your business. Reach out to us by phone or drop by our office for answers to questions and policy details.