Category: commercial auto insurance

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.

Why are insurance rates so high in Florida?

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Florida is a lot different in terms of insurance rates compared to most other states. We will go over a little bit of the history of why Florida is the way it is and why a lot of people in Florida are noticing their rates are really high.
Florida is ranked in the top for the highest insurance rates in the nation.

There’s a few reasons that the insurance rates are so high in Florida. Specifically, you can personally thank Miami because Miami Florida is one of the highest risks in all the nation. They have very high end cars, a lot of traffic, and they also have a lot of theft that is causing the rates to go up.

Miami is having tons of claims, tons of fraud, and you it’s grown between those two it’s kind of branched off into the other state or the other areas you got a lot of visitors come in for you know Disneyworld and all that and they don’t know how to drive they’re not ready for the faster paced driving and that’s the way Florida is that’s a big reason the rates are higher than normal right now.

According to the National Insurance Crime Bureau, of all accidents that are staged in the US Florida is the number one fraud state in the nation. Literaly everyone is in on the accident business in Florida. You hear tons of ads on the radio for Lawyers, and payouts. There is lots of fraud lots of false claims and they’re just collecting on so many claims there’s so much fraud so much payout that it’s forcing the prices to go up.

People in South Florida are paying twice as much than most areas in Florida. In fact, most South Florida areas are paying double the price of orlando. For example, if you’re gonna pay twenty seven hundred dollars a year on average in miami, where you’re gonna pay about twelve hundred or a thousand a year for insurance in more northern areas of Floria.

You’ll notice most companies you talk to, they will run a consumer report.
They’re basically checking to see if you live where you say you live. Proof of residency is big for checking for fraud and verifying that people are not falsifying their address for lower insurance rates.

Smart insurance companies are gonna require you to carry a lot of information so you’re gonna have to approve a cable bill and a electric bill at the same time it has to be in your name at this address perfectly matched.

If you’re new to insurance or if you’re a young driver if that LexisNexis pops up and you don’t have any bills you just gotta move on there’s nothing you can do at that point don’t get mad at the company they’re actually trying to save you money once you’ve gotten it established in a place get a couple bills in your name or at least have your parents put your bills on your name and then just contribute to that part then you can go back to that company six months from now or however long it is and then show them the proof of residency don’t get discouraged when you run into something like that that’s for protection your insurance person or for your normal person in Florida that’s some of the reasons that they’re high.