Business Insurance


Here are some of the types of business insurance we provide;

General Liability Insurance: Comprehensive general liability insurance is also necessary for your small
 business if you plan on having clients or customers at your home. Whether you hold meetings, sell merchandise, or have members of the public enter your home for any other reason. This insurance will protect you if someone is injured on your property. The insurance will also pay for your legal defense should you face a lawsuit.

Business owner’s policy (BOP): A business owner policy packages all required coverage a business owner 
would need. Often, BOP’s will include business interruption insurance, property insurance, vehicle coverage, liability insurance, and crime insurance . Based on your company’s specific needs, you can alter what is included in a BOP. Typically, a business owner will save money by choosing a BOP because the bundle of services often costs less than the total cost of all the individual coverage’s.

Business Property Insurance: Business property insurance protects you against loss of inventory or
 equipment in a flood, fire or other disaster.

Property Insurance: Our specialty, Schedule Dwelling Fire program (Scheduled Block Policy) is designed as a solution for landlord, vacant, dwelling fire, commercial(apartment & mix use buildings). This program puts all of your properties on one policy with monthly billing, monthly statement and reporting. Our broad underwriting accepts a wide range of customers, from customers or homes that may not qualify with other carriers all the way up to standard and preferred.

Business Interruption Insurance: Business interruption insurance will help your business recover from natural disasters, cover you for income lost during the disaster and will pay for operating expenses that
 continue to accrue.

Commercial Auto Insurance;  Commercial auto insurance protects a company’s vehicles. You can
 protect vehicles that carry employees, products or equipment. With commercial auto insurance you
 can insure your work cars, SUVs, vans and trucks from damage and collisions.  If you do not have 
company vehicles, but employees drive their own cars on company business you should have 
non-owned auto liability to protect the company in case the employee does not have insurance or
 has inadequate coverage.  Many times the non-owned can be added to the BOP policy.

Workers' Compensation: This is vital if you plan on having employees working out of your home.
 Without workers' compensation, you will be responsible for any medical expenses arising from
 injuries employees sustain while working for you.

Professional Liability  this type of insurance is also known as Errors and Omissions Insurance. The
 policy provides defense and damages for failure to or improperly rendering professional services. 
 Your general liability policy does not provide this protection, so it is important to understand the difference.
 Professional liability insurance is applicable for any professional firm including lawyers, accountants,
 consultants, notaries, real estate agents, insurance agents, hair salons and technology providers to name a few..

Directors and Officers:  this type of insurance protects the directors and officers of a company against
 their actions that affect the profitability or operations of the company. If a director or officer of your company, as a
 direct result of their actions on the job, finds him or herself in a legal situation, this type of insurance
 can cover costs or damages lost as a result of a lawsuit.

Cyber Liability Insurance or Data Breach:  If the business stores sensitive or non-public information
 about employees or clients on their computers, servers or in paper files they are responsible for protecting
 that information.  If a breach occurs either electronically or from a paper file a Data Breach policy 
will provide protection against the loss.

Employee benefit Insurance

Disability Insurance: Disability insurance will guarantee some income, should you suddenly become
 unable to work because of injury or illness.

Life Insurance: Life insurance will help ensure that your family has the funds it needs should you 
meet with an untimely      death. Some lenders require that you have life insurance before they issue a loan.

Health Insurance:  Group insurance' is an insurance that covers a group of people, usually who are
 the members of societies, employees of a common employer, or professionals in a common group.
 Group coverage can help reduce the problem of adverse selection by creating a pool of people eligible to 
purchase insurance who belong to the group for reasons other than for the purposes of obtaining insurance.
 In other words, people belong to the group not because they possess some high-risk factor which makes 
them more apt to purchase insurance (thus increasing adverse selection); instead they are in the group for
 reasons unrelated to insurance, such as all working for a particular employer.

Find out more

FWCJUA- Florida Workers' Compensation

FWCJUA – Florida Workers’ Compensation Joint Underwriting Association, Inc

 Advanced Protection Through FWCJUA – Florida Workers’ Compensation Joint Underwriting Association, Inc  If you have stumbled upon this webpage you’re either needing Workers Compensation Insurance through the FWCJUA (Florida Workers’ Compensation Joint Underwriting Association), aka JUA, or looking for someone to write your Workmans Comp.  Either Way, we Can Help!  The mission of the FWCJUA simply put is to “provide Workers Comp insurance for employers that are unable to buy in the standard (voluntary) market.” Basically speaking, this policy is for employers that: 

  1. Have no prior insurance
  2. Too low of a payroll for standard carriers
  3. Too many losses
  4. High experience modification
  5. Can’t find Workers Compensation in the standard markets

If you fall into one or more of those four categories you are most likely eligible for coverage with the FWCJUA.

 There are some circumstances that can make you ineligible, but it is best to consult with an agent to discuss options.  

How Long Does The Process Take?

  The process can be cumbersome if you don’t have the proper paperwork in order before you start. This is not the type of insurance that you can purchase same day or even same week. The majority of the time the process takes 20 days and that includes the applicant having all the paperwork ready at the start of the process. Policies can not be bound online, so that means the applicant must have original inked signature and payment in full in the hands of the Association in order to bind the policy. FWCJUA does not have in-house financing, but outside financing is available through our agency partners. 

 What Are The Minimum Requirements? 

 Florida, like most states have the minimum requirement of bodily injury by accident $100,000 each accident, bodily injury by disease $500,000 policy limit, and bodily injury by disease $100,000 each employee.  

How Much Does The Insurance Cost?  

Workmans Comp costs in Florida vary depending on payroll, class code, and if the corporation officer payroll is included or excluded. That being said, there are additional fees and premiums that the FWCJA imposes that drive the minimum premium to $1,403, before adding in rating factors such as payroll and class code.  

What Paperwork Is Needed To Start The Process?  

To expedite the process, you may begin compiling the necessary information to complete a formal quote. We do recommend contacting the office first to see if other options may be available. This list comes straight from the 

FWCJUA website: 

  1. Tax ID
  2. Description of business operations
  3. Business locations
  4. Contact information
  5. Payroll estimates
  6. Job duties of employees
  7. Previous Workers Comp history
  8. RT-6 or 941 Payroll Verification forms for the last four quarters filed with the Department of Revenue;
  9. Exemption/Election forms on file or being filed with the state of Florida;
  10. Experience Rating Worksheet generated by NCCI;
  11. ERM-14 form (Confidential Request for Ownership Information) to be filed by the FWCJUA with NCCI;
  12. Most recent Workers Compensation policy information page reflecting class codes and payrolls;
  13. Loss runs valued within the last thirty (30) calendar days generated by the prior insurer(s) identifying your loss history and corresponding premium for, at most, the immediately preceding three years;
  14. Certificates of insurance issued within the last thirty (30) calendar days for all subcontractors including those with leased workers regardless of exemption status;
  15. State contractor’s licenses issued by the Florida Department of Business and Professional Regulation;
  16. Contracts that particularly establish exposure, such as, but not limited to, employee leasing (PEO) arrangements, temporary employment agency contracts and franchise agreements;
  17. Pending and current bankruptcy filings and documentation
  18. Settlements related to prior Workmans Comp obligations;
  19. Valid finance agreement if premium will be financed;
  20. Full details on any voluntary market offers of coverage; and
  21. Full details on any voluntary market coverage declinations.

 Don’t make the mistake of going with a rookie who has little or no experience dealing with the FWCJUA.  We understand the process and are ready to help you obtain the coverage you need, in a timely matter.