Business & Commercial Insurance
Business & Commercial Insurance Information
Serving Businesses in Zephyrhills, Dade City & Ruskin for Over 20 Years
Finding the BEST rates for the Tampa Bay Area since 1996
Your business is our business. The last thing you want to worry about is having insurance.
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Are you a business owner? If so, you'll still need the same insurance coverages for the car you may use for your business as you do for personal travel. The specific kinds of coverages you may need are listed below:
- Collision and Comprehensive
- Medical Payments or PIP (Personal Injury Protection)
- Coverage for Uninsured Motorists
"So, what if I use the same car for business and personal?"
Many people who own a business do in fact use the same vehicle for both business and pleasure. If your vehicle is owned by your business, no worries! You'll just need to make sure the name of your business appears on the policy as the "principal insured" rather than your own name. Let's say you need to file a claim, this will eliminate any possible confusion you may encounter.
The kind of driving you do would depend on whether you need to buy a business auto insurance policy. At Clifton and Lewis, we will ask you many details about how you use vehicles in your business and how often you use your vehicle in your business, who will be driving the vehicles and whether employees, if you have them, are likely to be driving their own cars for your business.
While the major coverages are the same, a business auto policy differs from a personal auto policy in many technical respects.
MAKE SURE to ask your insurance agent to explain all of the differences and options you may have on your policy.
If you have a personal umbrella liability policy, there's generally an exclusion for business-related liability. Make sure you have sufficient auto liability coverage.
(Umbrella policy: Usually purchased for excess liability coverage and can provide coverage when other policy limits have been exhausted)
If you're a business owner, you've probably noticed that the chances of getting sued have dramatically increased in the last decade. By having General Liability insurance, you can prevent a legal suit from turning into a financial disaster. Being financially protected, is imperative in case your business is ever sued or held legally responsible for injury or damage.
General Liability insurance will pay for losses as a result from a real or alleged bodily injury, property damage, or personal injury on your business premises or arising from your operations.
There is a Broad Range of General Liability Protection:
- Bodily Injury: includes the cost of care, the loss of services, and the restitution for any death that results from injury
- Property Damage: coverage for the physical damage to other's property or the loss of use of that property
- Products-Completed Operations: provides liability protection (damages and legal expenses up to your policy's limit) if an injury ever resulted from something your company made or service your company provided
- Products Liability: specialized product liability insurance that protects your company against lawsuits from product-related injury or accidents
- Contractual Liability: extends to any liability you may assume by entering into a variety of contracts
- Other coverage includes: Reasonable Use of Force; Borrowed Equipment; Liquor Liability; Non-Owned Vehicles (such as aircraft and watercraft); Fire, Lightning or Explosion Damage; Water Damage Liability Protection; Legal Defense Costs; Medical Payments; Personal Injury; Advertising Injury; and specialized liability protection for specific business types
Workers compensation laws were put into effect to ensure that employees who are injured on the job will be compensated for the period of time they are not able to work. This eliminates the need for litigation and creates an easier process for the employee. It also helps control the financial risks for employers since many states limit the amount an injured employee can recover from an employer.
As a protection for employees, most states require that employers carry some form of Workers Compensation Insurance. Workers Compensation Insurance is designed to help companies pay these benefits. Workers Compensation Insurance is not health insurance.
Workers Compensation is designed specifically for injuries sustained on the job.
In most of the United States, if you have employees you are required to carry Workers Compensation coverage. Even for states who aren't required to carry Workers Compensation Insurance, it might be a good idea to have especially if you have many employees, or if they are engaged in any kind of hazardous activities.
Do I need workers compensation insurance if I own a business?
Employers have a legal responsibility to their employees to make the workplace safe. However, accidents DO happen even when every reasonable safety measure has been taken.
Businesses are required to buy workers compensation insurance:
- To protect employers from lawsuits resulting from workplace accidents
- To provide medical care and compensation for lost income to employees hurt in workplace accidents. Workers compensation insurance covers workers injured on the job, whether they're hurt on the workplace premises or elsewhere, or in auto accidents while on business. It also covers work-related illnesses.
Workers compensation will provide weekly or monthly payments to injured workers, without regard to who was at fault in the accident. These payments cover time lost from work and for medical and rehabilitation services. It also provides death benefits to surviving spouses and dependents.
Each state is different and may have different laws governing the amount and duration of lost income benefits, the provision of medical and rehabilitation services and how the system is administered. For example, in most states there are regulations that cover whether the worker or employer can choose the doctor who treats the injuries and how disputes about benefits are resolved.
Workers compensation insurance must be bought as a separate policy. Although in-home business and business owners policies (BOPs) are sold as package policies, they don't include coverage for workers' injuries.
You have questions, we have answers. Let us help you find the best rate for your small business or corporate office.
Business & Commercial Insurance Quote Forms
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Business & Commercial Insurance Customer Service Options
Self policy service any time of the day, directly from our website. To request a policy change on your account, click any of the following policy service options below.