Sudden Accidents Happen!- Do You Have General Liability Coverage?
So I was watching a rock n' roll band at a well known Atlantic Ave. watering hole the other night in Delray Beach, enjoying a really authentic sounding version of Jumping Jack Flash when a woman in front of me unexpectedly tripped and fell face first right into the floor at the foot of the stage.
Needless to say, I was flabbergasted as was the band and audience. The woman received assistance from the proverbial 'doctor in the house', the ambulance arrived swiftly and thank God, she was ok, minus a few bumps and bruises.
Later on once I found out she was going to be ok, I began to wonder what would have happened to that restaurant if she hadn't been ok.
The woman could have been badly injured, perhaps permanently or even died on the spot from a traumatic head injury. Would that company have been liable to pay all her medical expenses, or even damages to her family if something terrible ended up happening? Did they have enough general liability coverage?
I decided to ask Candice, an experienced insurance agent over at All Risk Insurance in Boca Raton about what could have happened
and how would a small business like this restaurant protect itself from these unforeseen occurrences?
Candice introduced me to the world of liability insurance, specifically 'commercial general liability coverage' for small businesses.
I went to her agencies main office in Boca asked her what exactly is commercial liability Insurance and why is it so important for small business owners in South Florida like the restaurant owner or a roofer for instance?
"Commercial liability is vital to small businesses in South Florida because it protects you against any 3rd party claim from injured parties who hurt themselves while on your premises", she explained. "In the example you mentioned, if a guest slips and falls like that occurs at the restaurant and a slip and fall case is commenced, the restaurant would be covered from damages
by their commercial general liability policy and the insurance company behind it."
She went on to say "some of our insurers have special programs for specific types of risks for insurance, trucking companies for example." She explained that truckers in South Florida hauling produce across the state on the Turnpike, across Alligator Alley or up I-95, that have commercial liability coverage are covered when they are loading and unloading boxes of produce, as well as when they are driving on the road if an accident were to happen while they are driving. "We even have separate coverage if something were to happen to the produce itself ( stolen for instance ) or if the refrigeration in the truck broke down - these would be covered under a truck cargo policy."
Candice went on to say "we represent over 15 top rated liability insurance companies, so we can compare them
to help you get your best possible rate."
So if you have a small business in South Florida, from a retail art gallery on Las Olas Blvd. in Fort Lauderdale to a
restaurant on Atlantic Ave. in Delray Beach, from a pool maintenance company in Boca Raton to an asphalt company in West Palm Beach
to a septic plumber company in Stuart, you owe it to yourself and your employees to have your policy
reviewed every new year to make sure you have sufficient coverage.
“It doesn’t take much time for a qualified commercial insurance specialist to review your policy. If you have a copy of it, we’re happy to review your coverage it to see if you are well protected."
Tips to Find a South Florida Homeowners Insurance Agency You Can Trust
Why We Pay Such High Premiums
Florida homeowners pay some of the highest homeowner’s insurance premiums in the country. Why? Seven of the ten most devastating hurricanes in our nation’s history occurred in Florida, several of them in South Florida, a fact that has unfortunately affected home insurance rates in the Sunshine State.
Tips For Finding the Best Agency
Therefore, searching for a local homeowner’s insurance agency in South Florida that’s affordable and trustworthy can be difficult. While some factors that affect our rates, like acts of nature, can’t be controlled, other factors can. There are many great agencies from Miami to Boca Raton to West Palm Beach if you know what to look for. Here are some tips on what to look for and how to find a homeowners insurance agency near you that you can trust.
What to Look for in a Home Insurance Agency
Here are some of the things you should look for when choosing an insurance agency to help you with your homeowner's insurance.
• Customer Service – Regardless of how well-known an insurance company is, if they don’t provide good customer service, they’re not going to worth the money. Even if they’re a large and well-known company, you want one that has an agent in your area and one that may be willing to come to your home if necessary. You also want one that has the time for you, whether you need to make a claim or just have a simple question. Try to find a company that provides 24/7 customer support.
• Variety of Insurance Providers – It is important that the agency you choose represents more than one or two insurance companies. Some companies only represent 'Citizens' for instance. Others ( such as All Risk ) give you a wide variety to select from- from AIG to Chubb to Universal Property. Some agents will spend more time looking for the right amount of coverage for you. They have the time to 'shop' various companies to find the best rates for you. A company that has lots of homeowner’s insurance provider relationships in place is also going to be more competitive in premiums.
• Local is Better – If you search online, you may find some excellent prices, but you’ll also be dealing with a virtual stranger that doesn’t know you and doesn’t know the area. Shopping local is recommended for many things, but it can be especially important with homeowners insurance. You’ll benefit from having an agent that is nearby and familiar with what goes on in the South Florida area. For instance - you'd like them to know whether your Boca Raton condo is in a flood zone or not. It would be helpful if they knew whether your Fort Lauderdale home qualifies for a lower deductible because your home on the New River is made of fire resistant material. Details count.
If a natural disaster or Hurricane occurs, you probably won’t have to notify your local agent because it probably affected him or her as well. Many people also claim they feel more comfortable discussing their needs with someone that they know and see right in their community. From Deerfield Beach to West Palm Beach, we live and work in South Florida just like you.
Do Your Research
When looking for a good homeowner’s insurance company, especially if it’s your first, it’s important to do your research. The Internet is an emporium of information and one that should be used. Whether you choose to use Consumer Reports or Google, do your research on different companies and see what their customers have to say and the insurance agencyyou are looking at. Most companies have sites where customers leave reviews. The Internet also allows you to compare rate before you actually meet with an agent.
Word of Mouth
Even after doing your due diligence and researching insurance companies, word of mouth is still usually the best advertising. Talk to friends and family members about who they use for insurance and how happy they are with that company. Ask them these questions.
• How accessible are they for customer service?
• How are their rates?
• How are they with claims?
Once you’ve gotten the answers to these questions, you’ll find it much easier to find a home insurance agency you can trust to protect the largest investment you’ll ever make.
And we hope you'll consider All Risk Insurance Agency in Boca Raton for your home insurance needs. We've been providing residents with friendly customer service and great rates from Delray Beach to Davie for over 25 years! Contact us for a free consultation and quote today!
With hurricane season 2018 well underway, Insurance regulators in Florida's capital - Tallahassee - are underscoring the basic need for mortgage holders to ensure they're carrying enough homeowners protection, including flood coverage.
Hurricane Irma should have caught all of our attention and highlighted the need for homeowners from Pembroke Pines to Boca Raton / Delray Beach, north to Stuart have enough insurance, but many put off getting proper homeowners coverage until a hurricane is barreling towards us.
Florida Insurance Commissioner David Altmaier recently said that “As we approach the time of year when tropical activity is at its highest, complacency is not an option..."
Most homeowners policies go into effect 30 days after they are purchased, so with the 2018 tropical storm season nearing its crest, there's no opportunity to squander, according to a recent statement by insurance authorities.
CFO Jimmy Patronis overseer of the Florida Office of Insurance Regulation, reminded us of the heavy damage Irma caused up down the length of the state last summer.
“Last year, reports indicated a vast majority of Florida’s residences were inadequately insured,” he said.
“Floridians must review their insurance policies, understand their coverages, and make the necessary adjustments to ensure they are adequately covered. Prepare now, and protect your property for when the next storm arrives.”
“The images of the flood damage and losses I saw when traveling the state following Hurricane Irma will forever be ingrained in my memory,” Patronis said.
It is true that flooding isn't only a beach front concern, but is a statewide issue, from the coastline to the interior.
State legislators have been urging private insurance agencies to offer flood coverage, frequently at equivalent or lower costs than offered by the National Flood Insurance Program.
The quantity of insurance companies qualified to write these types of policies expanded from 20 to 26 between June 30, 2017, and March 31 this year — and, as of April, they'd issued in excess of 30,000 homeowner's policies.
Basic homeowners insurance policies often do not cover property damage from flooding.
Here's a link to the Florida Hurricane Season Resources website, and Patronis has his own Hurricane Disaster Preparedness webpage - https://www.myfloridacfo.com/division/consumers/storm.
We all know that words “need” and “want”. We, at All Risk Insurance Group, Inc., focus on those words to provide the utmost of personae attention to your insurance needs. Your most valuable possessions are our concern. We are concerned that you protect your home, your automobile, your boat, or your personal fine articles. We know that you need this protection and our goal is to provide insurance coverage to you that is both affordable and overall encompassing to suit your individual needs. Everyone needs insurance, but we aim to provide individualized insurance coverage geared toward lower premiums for coverage that will protect your belongings so that in the event of a disaster, you will be made whole again.
All Risk Insurance Group, Inc is conveniently located in Downtown Boca Raton. We have been providing insurance to Floridians for the past 12 years. Our customer service department excels in providing the utmost of care and concern for our extended insurance family, namely YOU. We look out for and protect your needs and wants primarily. Our highly specialized agents are here for you to assist you at every point in order to save you money and guide you towards the proper insurance to protect your precious belongings. Give us a call and give us a change to provide all that you need and want to protect your belongings. We want you in or family!
Insurance for your valuables is a very serious thing. Most
people, however, often look cost over coverage. This could end up
costing you more in the long run.
Insurance that is less expensive is always appealing to the
naked eye. However, did you ever stop and think, “Why is this so
cheap”? In some instances, the coverage is not like for like and that
is why the difference in price. In some cases, an insurance bargain
can lead to a devastating consequence.
Here at All Risk Insurance, we go over the options and
coverages that are available to you and let you, the insured, decide
what is most important to you and your family. A knowledgeable
consumer is our best customer.
Some of the coverage listed below should be considered:
Deductibles: The lower the deductible, the higher the
premium. If an insured feels that they can absorb some of the cost
of a potential claim, then perhaps it would make sense to raise your
deductible, thus lowering your premium. However, if you are not in
the financial position to pay out of pocket for damage sustained to
your property, then the lower deductible would be your better
Replacement cost for your personal property: There is Full
Replacement Cost and Actual Replacement Cost for your personal
property. The Full Replacement cost is more costly, however, it will
replace like for like. The Actual Cost Value is a depreciated value
and will pay you on a lower level to replace your belongings. Full
Replacement is more expensive in premium than Actual Cost. It is
whatever suits your individual needs. .
Make sure you are working with an independent agent whose
support and expertise will keep you financial risks well covered.
Here at All Risk Insurance, we want to help protect your
family from a being improperly insured. The BBB has rated All Risk
Insurance as an A+ company for 12 years of service to the residents
of Florida. Feel free to give us a call at 561-395-5220.
Our office hours are Monday through Friday, 9:00 a.m. to 5:00
p.m. If you want to contact us after hours, do not hesitate to send
us an email at email@example.com
While business insurance protects from financial liability in certain cases, it can still cost
you a lot in the long run. Implement these tips and save thousands a year on insurance costs.
1. Consider Raising Your Deductible
A deductible is a specified amount of money that the insured will be responsible for in
the event of a covered claim. Raising your deductible can reduce your insurance premiums.
2. Talk with Your Insurance Broker
A licensed and reputable insurance broker can help you find the right business insurance
policy. All Risk Insurance Group has been rated as an A+ insurance company by BBB. We will
find the best coverages for you that will protect your most important assets.
3. Review your Coverages
It is important for a small business to carry general liability insurance. Liability insurance is
to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar
claims. It protects the insured in the event suit is filed for claims that come within scope of coverage
of the insurance policy.
4. Look to Bundle
Consider a Business Owner Policy, also known as a BOP policy. This policy combines liability and property insurance into one policy. BOP policies offer many options that a traditional General Liability policy does not offer such as business interruption and loss of income insurance. Ask your agent what the best option would be for you.
5. Reduce Your Risk
Talk with your insurance agent about possible ways to your exposure to loss through theft-prevention programs, human resource training or workplace safety measures. These programs could assist you in preventing potential losses from occurring.
Here at All Risk Insurance, we want to protect you from unnecessary expenses,
stress and time in case of a car accident. Feel free to give us a call at 561-395-5220 to get the
best auto insurance premiums.
Our office hours are Monday through Friday, 9:00 a.m. to 5:00 p.m. If you want to
contact us after hours, do not hesitate to send us an email at firstname.lastname@example.org
Insurance companies assess risks in different ways so it is important to know yours ahead of time and utilize your coverage appropriately. BBB has rated All Risk Insurance as an A+ company for our personal attention to our clients. We specialize in all personal, commercial, auto and marine
insurance products which has made us the success that we are today.
Replacement cost of your home
The estimated replacement cost is the amount of money that is needed to rebuild your home. This amount is different than the market value of the home. Market value is the value assessed to your home in the current market place (generally used for the selling of your home). Market value
has nothing to do with insurability. In other words, the land value, which adds to the market value, has nothing to do with insurance value. Discuss this with your insurance agent and go over all of the
amenities that are in your home. (appliances, furnishings, kitchen, bathrooms, flooring, etc). This will enable your insurance agent to get an accurate idea of what your home contains. At that time,
the agent will put this information into a Replacement Cost Estimator that is provided by each of the carriers to accurately determine what the replacement cost of the home will be.
Every policy has separate deductibles for windstorm/hail and any other perils (AOP) The amount of the deductible that you choose will affect the premium. The lower the deductible, the higher the premium. However, the higher the deductible, the more out of pocket expense you will incur in the event of a loss. In either case, these options should be discussed with your insurance agent and he or she can determine what is best suited for your needs.
Flood insurance is another coverage that an insured should consider. An elevation certificate is necessary to determine if you are in a flood zone. Flood is rising water and is NOT covered under a homeowner’s policy.
Age and Construction Of Your Home
The age and construction of your home are factors that are considered in determining the cost of your premium by the carriers. There is a year built surcharge incorporated into the premium based on the year of construction. Frame construction versus masonry are also factors that will affect your premium. Frame is a higher cost than masonry as there is a higher risk of damage due to fire than a home built of CBS block. There are additional coverages available in your policy called Ordinance and Law coverage. This coverage can give up to 50% more coverage to replace your home to the current building code. This is especially helpful for people with older homes, however, the cost is additional in premium. There are other factors that can lower your premium such as a new roof, opening protection and alarm monitoring. All of these options should be discussed with your insurance agent at the time of your consultation in order to accurately calculate the proper amount of coverage this is required for your policy.
All Risk Insurance Group is here to help you every step of the way when it comes to insuring your home and belongings. We offer a consultation to find the best fit at the best price for each of our
Finding affordable homeowner’s insurance in Florida is by no
means an easy task. The average annual premium has nearly
doubled in the past year compared to the national average.
Florida homeowners have some of the highest homeowner’s
insurance rates in the country. Based on the geography Florida,
sustaining property damage from weather related claims is more
likely than any other type of claim.
There are many options to consider when it comes to insuring
your home. That is why it’s so important for you to choose a
reliable insurance carrier as well as a knowledgeable and
licensed insurance agent.
Dealing with an experienced insurance agent will provide you
with the best options that are available to you with the best
carriers. The BBB has rated All Risk Insurance Group, Inc., as
an A+ rated independent insurance agency since 2006. This is
for their reliable service to their thousands of customers. Here
are some examples of how an experienced insurance agent can
assist you in securing the proper coverage for the best and most
Prices don’t guarantee reliability. Although price is a key
factor, an informed consumer should compare several home
insurance carriers before making a final decision. Another
thing to consider is the carriers financial strength. It is important
to know that the carrier can sustain the ability to remain solvent
in the event of a catastrophe. Although a smaller premium may
be appealing, if a carrier cannot cover your damages and pay a
claim, having a lower premium is insignificant. An experienced
insurance agent will be able to provide you with their expertise
regarding the actions of the carriers after a catastrophe and their
reliability in paying claims.
Ask your insurance agent for available discounts. Your agent
can find out if you qualify for many discounts that are offered by
many of the home insurance carriers. There are discounts that
are offered for your roof structure, opening protection, fire and
burglar alarm, gated developments and even senior discounts.
Consider getting an independent agent
All Risk Insurance offers a thorough consultation to be able to
find the best fit at the best price for each and every one of their
Have you thought about how you are covered as a renter? Many people believe that by renting they are covered by the landlord, or the complex you reside in, but that is not true! Even as a renter you need to protect yourself, your belongings, and in some cases your pet!
Renters insurance is a sure way to keep you covered, at a price we can all be happy about. Renters insurance costs about as much as a two happy meals. Inexpensive, with a lot of coverage.
What does a renter’s insurance policy cover and or what am I protected from:
- Wind / hurricane
- Personal property / Contents
- Living expenses if your condo or rental unit becomes inhabitable
- Water damage
Lastly, please contact us if you are in need of renters insurance. Every carrier is different and has different coverage options. Please call us today so we can go over your options.