Category: business insurance

Where Do I Get Workers Comp Insurance?

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Depending on the state in which you live, you can get workers’ compensation insurance through private insurance providers or through state-funded programs. Workers’ compensation is legally required in just about every state and situation so you will want to make sure that you are covered not only to protect your business, but also so that you’re sure you are compliant with all local laws and regulations so you don’t end up facing fines or imprisonment.

Finding the right coverage for you and your business is just as important as having it itself so be sure you find a trusted insurance agent to assist you with this process. The four main factors taken into account when insurers estimate a premium are location, claims history, type of work and payroll.

Here at advantage plus insurance, we can shop the best workers compensation coverages for your business that protects you and your business from lawsuits and any injury that can occur to your employees while on the clock. This coverage is important for both you and your employees.

What is Workers’ Compensation Insurance?

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Workers’ Compensation is a form of insurance created to both benefit the employer and the employee. Providing this coverage also results in a mandatory relinquishment of the employee’s right to sue his or her employer for negligence. This essentially means that workers’ compensation is a no-fault system. This type of policy can help cover:

  • Missed Wages
  • Medical Expenses
  • Vocational rehabilitation
  • Death benefits

Some form of workers’ compensation is compulsory for most employers in most states however businesses may purchase insurance voluntarily as well. When regulated by the state, the state sets their premium amounts and benefits based on their economy and the risks their businesses face. The state also determines who can sell and handle the workers compensation policies whether it be state-run agencies, private insurance or the state itself.

In Florida, it is required that every person working for another person, group, firm, or corporation to have workers’ comp.This includes people working under any type of contract, even implied contracts. The requirement also includes all lawfully and unlawfully employed immigrants and minors.

As it pertains to your business, workers’ compensation can benefit you by limiting your business’ liability in lawsuits for work-related injuries or illnesses. It can help make sure you are compliant in following your particular state’s laws and it helps injured employees get back to work in their old role or a new one that is better suited for them in their situation.

Statistically speaking, the most common types of workers’ comp claims are sprains and strains which make up about 30% of call claims and are usually the result of lifting something heavy. The second most common type of workers comp claim is falls, slips and trips. These types of accidents make up about 27% of all claims.

Insurance tips for small business

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Confusing and frustrating may be two words that describe what small business owners go through when they’re looking for business insurance.

What’s the best choice? Do I save money by buying direct? Who can I trust and how do i find an expert?

If these are some of the questions running through your mind we have some business insurance tips that can give you some guidance and advice while on your business insurance journey.

Our insurance agency here is sunrise, Florida is focused on business insurance and helping you protect your business assets and operations.
When it comes to business insurance, the choices can be overwhelming.

A simple google search will bring up millions of choices. Leading the top of the search are going to be big money insurance companies where you can buy coverage direct and some other tech firms where you can buy coverage after answering a few simple questions.

Usually these may or may not be really good choices for you business. Business insurance protects the engine that creates your lifestyle, your legacy, and much of your personal net worth. Honestly, do you want to leave the buying process up to filling in an online form and getting a quote without human interaction or having only one choice when buying directly from an insurance company forcing you to go through that whole process multiple times to make comparisons?

Here’s the four things you should be looking for when buying insurance for your business.

  • The first is expertise. Are you dealing with someone with deep knowledge of business insurance?
  • Second is choice. Are you getting a single quote or multiple options from well-rated insurers?
  • Number three is professional guidance. Now that you’ve got multiple quotes how do you choose the best one? It’s not always about the lowest price and that’s where you need professional guidance to help guide you through the many different options.
  • Fourth is advocacy. If something goes wrong down the road and it usually does; like a claim or an audit. If this happens, do you want somebody on the insurance company’s payroll to be your advocate or would you rather have an entrepreneur just like you working with you to resolve that problem.

You’re also going to want to work with people you can like and trust now i may be a bit biased here but we’re the kind of people you can trust and like, our 5 star rating says it all.

If you want to get a quote, or have a specific problem with insurance you’d like to discuss; give us a call at 954-289-4020. We represent all the major insurers writing business insurance and they’d be happy to discuss your needs answer your questions and work with you on getting the right protection in place for you and your business.

How to get the best insurance for your business

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Today we just wanted to discuss briefly, business insurance in the state of Florida and how you get the cheapest possible business insurance in the state. Business insurance is vital to any business out there. You pretty much want to make sure that everything is protected.

The last thing you want to think about is a disaster or travesty that could potentially bankrupt your business. Here at Advantage Plus Insurance, we offer different lines of commercial auto insurance, workers compensation, or business liability insurance.

There are many different options available to you but ultimately you want to make sure you’re protected properly; whether that’s through required coverages by the state or you wanting to protect workers while on the job.

Whatever the case, we want to make sure that you guys are getting your insurance with the highest quality at the cheapest possible price. We leverage hundreds and hundreds of different carriers depending upon the type of insurance that you want.

Whenever you come to us you’re going to feel educated. You’re going to feel as comfortable as possible and we’re going to try to set up whatever your specific business is with the specific insurance to make sure that you’re getting the highest quality at the cheapest possible price.

In the state of Florida there are many risks out there and we want to make sure you’re properly insured and that you at least understand how to obtain those those different types of coverages. So what type of insurance does Florida require and what type of insurance should you get? You may see a lot of stuff online where people say the minimums are ten thousand per person, twenty thousand per accident what does that mean? Ten thousand is called bodily injury.

BI limits it’s ten thousand per person and twenty thousand per accident.
It never hurts to start at the top do the best coverages. Start at the best options and let’s work our way down. Let’s find where I’m comfortable and where I like the payments to be but also gives me the maximum coverages find out if you need medical. If you don’t need medical don’t put that in there you know if if you’ve gonna have a lot of people ride with you then maybe you want the medical to cover them as well.