You need to protect your business’s assets if you are a business owner. Purchasing commercial insurance will protect your property, your employees, and your financial assets. If your business is in the Longwood, FL, area, you can contact our team at Express Insurance to discuss your commercial insurance needs. We’ve been handling commercial and personal insurance policies since 2003.

Small business owners should be aware of the types of insurance they need. According to Nerd Wallet, a business can be defined as a “small business” with 500 employees or fewer – and its annual income is less than $7.5 million. One of the most vital types of commercial insurance is liability insurance. Liability insurance will protect your company’s assets if someone sues your company for personal and property damages.

Types of Commercial Insurance in Florida

The building where your company operates is a very valuable asset. To protect your building from damage, you’ll need property insurance. This insurance will protect your company from damage to your building, fire, weather, or other disaster-related events. Most policies also protect against vandalism.

If a disaster significantly damages your building, you won’t be able to operate your company while waiting for building repair. You need business interruption services to help you stay financially afloat during that waiting period. This policy will pay your estimated lost earnings for the affected period.

Call Express Insurance for Florida Commercial Insurance Options

Regardless of the size of your business, commercial insurance would help. When you talk with one of our agents, you can confirm whether your insurance needs are current. Businesses in the Longwood, FL, area can protect themselves and their employees. Call Express Insurance for an appointment today, and we’ll help you do business with confidence.

An umbrella insurance policy will provide extra coverage, protecting your new place of business from financial loss.

Scenarios

The following list highlights some items that an umbrella insurance policy would cover.

• Legal expenses
• Medical bills (hospital and doctor’s office visits)
• Judgments and settlements
• Property rehabilitation expenses

Optional Coverage

Umbrella insurance coverage is optional. An umbrella policy absorbs costs that standard insurance products don’t handle. As a new business owner, you may have decided to purchase some basic insurance products. The insurance products will protect your assets in most cases.

If you are ever faced with a legal battle, however, the basic insurance coverage you have obtained may not handle all the expenses you are responsible for. In this type of situation, umbrella insurance coverage would kick in and pay for the expenses that the primary business insurance doesn’t cover.

Risk Assessment

Performing a risk assessment may indicate whether obtaining an umbrella insurance policy would be wise. Your risk assessment should include evaluating your equipment and determining the likelihood of an accident occurring at your place of business.

If a large number of risks are uncovered during the assessment, you may decide to invest in an umbrella insurance policy.

For example, if potentially dangerous machinery or substances are used in your place of business, you may be concerned about injuries. This may persuade you to purchase an umbrella policy providing extra protection.

Contact Express Insurance

Contact one of our insurance agents serving Longwood, FL. At Express Insurance, you can review umbrella policies that will provide your new business with plenty of liability protection.

You can benefit from renter’s insurance if you rent a home, condo, or apartment in Longwood, FL. Your landlord’s insurance doesn’t cover your personal belongings or protect you from liability claims if someone is accidentally injured on your rented property. A renter’s insurance policy from Express Insurance in Longwood, FL can do both and more to safeguard your assets.

Is Renter’s Insurance Mandatory in Florida?

No, it’s not – unless specified by your landlord. Otherwise, it’s up to every individual renter whether to purchase a policy or not. By weighing the pros and cons of this coverage, you can decide if it’s a good investment for you. As renter’s insurance is extremely affordable, we highly recommend this protection to renters in our local area.

Why Renter’s Insurance is Important

You can purchase renter’s insurance to protect your personal belongings from theft or disaster damage. Most policies cover common perils like storm damage, hail, fire, hurricanes, and other disasters. If you can imagine the damage that an unforeseen disaster can cause, you’ll have a greater appreciation for the protection a renter’s property insurance offers. 

Then, liability coverage protects you from accidental injuries on your rented property. Although family gatherings and dinner parties are a lot of fun, they also pose a greater risk of accidents in the house or yard. Renter’s liability insurance covers the costs of accidental injuries, so you don’t have to!

Lastly, suppose your rented home becomes unlivable due to disaster damage, and you have to move out while repairs are done. In that case, additional living expenses coverage helps pay for the cost of living elsewhere until you can return home.

Affordable Renter’s Insurance in Longwood, FL

For quality renter’s insurance coverage at an affordable cost, contact Express Insurance in Longwood, FL. We’re here to meet all your insurance needs.

As a condo owner, you’ll find that you have space that belongs to you as the owner and other spaces that are considered community property. With an HOA onsite, knowing what areas are considered community properties and covered by the HOA insurance costs you pay each month is important. Below are the areas that the HOA believes community property. 

1. Lobby or Foyer

When you first enter your condominium, you’ll enter a lobby or foyer before you find the stairs or elevators to the different condos. This area is a community space shared by all the condo owners and managed by the HOA. Any services that need to be done or maintained in this area are included with your HOA. 

2. Hallways

For large condos with multiple units in one hall, the hallway leading to each condo is considered community space and a part of the HOA. You may have rules about what you can have in the hallway and what items to leave out per your HOA. Any incident in this area must be claimed on the HOA insurance policy. 

3. Pool

One of the best things about some condos is the ability to share a nice pool. The HOA maintains the monthly funds each homeowner provides for expenses. They will oversee the chemical treatments for the pool and the maintenance in the area and ensure a fence surrounds the space so that only owners and guests can enter the pool area. 

4. Main Lawn 

While each condo may have a small patio in the square footage, the HOA shares and maintains the main lawn and green space. This governing body will ensure it stays maintained, groomed, and landscaped regularly for safety and aesthetics. 

If you want to purchase a condo in the Longwood, FL, area shortly, contact Express Insurance today for a personal quote. 

 It’s essential to review your commercial insurance at the start of each year—similarly, it’s crucial to reassess your other types of insurance, such as homeowners and car insurance. If you get your commercial insurance through Express Insurance, operating in Longwood, FL, we’d be delighted to assist you in determining whether your commercial insurance is suitable for your needs. Here are two compelling reasons to review your commercial insurance policy promptly.

1. Ensure Your Level of Coverage is Adequate.

Your business’s need for commercial insurance can fluctuate over time. As your business expands or scales down, switches sectors, acquires new equipment, attracts new clients, and begins servicing new areas—your insurance levels may require adjustments.

You might not be considering all the ways your insurance needs to evolve with each small change that occurs in your business. Therefore, the annual review process becomes doubly important.

2. Protect Your Business.

The primary objective of a commercial insurance policy is to shield your business from an array of financial risks. By adjusting your commercial insurance policy to guarantee it’s adequate for your needs, you’re taking steps to ensure your business’s financial protection.

As it’s the beginning of the year, it’s an excellent opportunity to reevaluate your commercial insurance policy. Spend time to safeguard your business. Review your commercial insurance policy with your insurance agent at Express Insurance in Longwood, FL. Our insurance professionals are here to help ensure you have the ideal levels of insurance tailored to your needs.