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Construction Engineer

Commercial Risk

Local Family Business
Commercial  Package 

Commercial Package policies combine or "package" several lines of insurance in a single contract. Whether all of them are in one policy or in several, having them all with the same agency can avoid cancellations and gap in coverage. Here are different types of coverages that may be combined to save you time and possibly money:

  • Commercial Property

  • Commercial General Liability

  • Liquor Liability

  • Pollution Liability

  • Professional  Liability

  • Commercial Crime            

  • Garage

  • Commercial Personal Property

  • Directors & Officers Liability(D&O)

  • Employment Related Practices Liability

General/Professional Liability

Make sure that your business has a proper General Liability Policy in place to protect you against property damage and bodily injury claims rising out of premises, operations, products, and completed operations; and advertising and personal injury liability. The Professional Liability Policy, commonly referred to as "errors and omission" protects you from claims arising out of the professional advice or service given in your practice. Both of these policies protect you from the cost of defending yourself as well as the damages that arise in an actual lawsuit. Here are some of the many classifications we insure: 

  • Supermarkets

  • Dealerships

  • Lawyers

  • Real Estate Agents

  • Artisan/Contractors(Handyman, Painters, etc)

  • Distributors

  • Hair Salons

  • Churches


Worker's Compensation

Workers' Compensation is a form of insurance that provides wage replacement and medical benefits to employees injured during the course of employment in exchange for mandatory relinquishment of the employee's right to sue their employer for any negligence. This includes medical expenses, disability benefits, and death benefits. Private employments with four or more more employees(one or more in the construction industry) are required to secure benefits for their employees. In return employers are immunized from injury lawsuits by employees. Employers who are required to carry worker's comp benefits but fail to do so are subject to a third degree felony. Due to how delicate the laws are regarding the protection of employees in the state of Florida it best to speak with a professional agent to review your policy yearly to make sure your it is up to date and in order.

Surety Bonds

A contract of surety, or a surety bond, is where an obligation by one party to  another is guaranteed by a third party. For example, in a bail bond the agent or dealer where the bond is purchased agrees to be surety  for the full amount of the bail in case the accused does not show up to court. This is a common type of bond but here is a list of other important types of bonds:

  • Contract

  • Fiduciary 

  • License(public body) 

  • Indemnity(government)

  • Permit(Events)

  • Public Official(during term of office)

  • Lost Instrument(stocks, bonds, etc)

  • Self Insurance Bonds

Key Man Insurance/
Buy Sell Agreements

Key man life insurance is simply life insurance on a key person on whom the continual success of a business depends. This is crucial for small businesses because the death of the owner or one of the key employees could mean the end of a business. The coverage could help pay off expenses until a replacement is found or fund a bonus for the hiring process.

 

The buy-sell agreement on the other hand is a legally binding agreement that governs the situation if an owner, or co-owner dies or is otherwise forced to leave the business, or chooses to leave the business. The importance of this agreement is that if an owner dies the family(in many cases the spouse) does not have to deal with the unplanned death and having to run or sell a business at the same time. The right of ownership transfers over based upon the agreement and the amount stated, usually funded by a life insurance policy, pays off the family during these troubling times. This decreases the burden and helps protect the family if such an event was to occur. 

Businessmen with Umbrellas
Commercial Umbrella

Commercial umbrella policies cover excess coverage above the primary underlying business liability coverage. Apart from the fact that it may required to acquire certain bids or contracts it also helps protect your assets to give you the peace of mind you deserve. Do not let an unexpected lawsuit take away what you have worked so hard to maintain. 

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What information is required to provide a quote:

  • Details about the company: Officers, Subcontractors, Employees, Finances, Operation Details, 

  • Current Policy Declarations: Commercial Auto, General Liability, Professional Liability, Workers Comp, Etc.

Hardware Tools

"Inland Marine" (Business Property)

Inland marine insurance is a "floater" policy that provides coverage for business property (products, tools, equipment, etc.). It is different than a commercial property insurance because it protects against damage and theft outside your place of business, not only at the location listed on the policy. That can mean cooking material in a food truck, expensive construction tools, electronics, trade show exhibits, fine art, collectibles, and much more. Don't let the name confuse you, it comes from ocean marine insurance, which covers property over water, hence the term "inland".

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