When it comes to commercial insurance, many business owners may think that their commercial vehicles are automatically covered. Many of them may think that their commercial vehicles will be covered under their personal vehicle insurance. However, either one of these scenarios is not true. And it will be a very unpleasant surprise if you get into an accident in a business ride.

Having said this, it’s imperative to get commercial insurance for vehicles.  Regardless if your business included deliveries, rideshare drivers, chauffeurs, or other, you need commercial vehicle insurance for cars/trucks you use for your business. 

Business owners in Florida need commercial insurance to protect their business from different types of financial loss, including liability and theft. While commercial insurance covers many things, one thing it won’t cover is hurricane damage. Hurricane and flood damage are separate policies that must be added. The agents at Karla Salmon Insurance work with business owners in Oviedo, FL when it comes to making sure their business is fully protected.

Commercial Policies

Commercial insurance policies are written to protect businesses from various types of loss. This can include liability that results from injuries sustained in slip and fall accidents, product defects/malfunctions, theft, and vandalism, just to name a few. These types of policies normally do not cover weather-related damages or damages sustained by sewer malfunctions. Those damages are normally covered through a protection plan from the local utility company.

Hurricane Coverage

Florida is a state known for hurricanes and strong storms. Insurance companies offer hurricane and flood insurance to businesses in addition to the regular commercial policies that can be purchased. In most cases, hurricane and flood insurance policies are sold separately from one another. Hurricanes are known for high winds, excessive precipitation, floods, and storm surges. The types of damages caused by this type of event can be extensive, requiring massive renovations and, in some cases, complete re-builds.

At Karla Salmon Insurance, the agents can explain the different types of policies and which ones will offer the most benefits to your business. If you live in the vicinity of Oviedo, FL, call and schedule an appointment today to find out about the different policies that are available to protect your business.

A commercial liability policy is a great general policy to have for your business in Oviedo, FL, but there are some things it won’t cover. An agent at Karla Salmon Insurance can help you put together a commercial liability policy that will cover many of your business risks, so you have well rounded coverage.

• Workplace Injuries: General liability will not cover employees who are injured in the workplace. Instead, these injuries will need to be claimed under workers compensation coverage.
• Damage to Your Own Property: Your liability policy will cover costs if you damage someone else’s property, but it won’t cover any damage to your own property. Instead, you would need a commercial property policy.
• Intentional Damage: If any damage were done on purpose, or with malicious intent, it would not be covered under this policy.
• Damage to Client Property in Your Care: If you have customer property that is in your care, your liability policy will not cover any damages. You may need other property coverage or policies to have this type of protection.
• Professional Mistakes: Any mistakes that are the fault of your business are not covered under this policy. For example, if your company misprints 1,000 books, your general liability won’t include a reimbursement. However, there could be some other policies that will cover these types of claims. In addition to mistakes, this policy won’t cover any errors in services. If a marketing company is consulting with a small business and the small business loses customers after launching a campaign, then this type of claim against the marketing company won’t be covered.
• Damages to Company Vehicles: If your business has company vehicles, you will need a commercial auto policy. Any damages that occur won’t be covered under a commercial liability policy.

Contact Karla Salmon Insurance, serving Oviedo, FL, to get a quote on commercial insurance.

When you live and work in the Oviedo, FL area, you can expect to live through a hurricane every few years. While it might seem like the upheaval that comes with preparing and cleaning up after an extreme weather system only causes havoc for your business, there is a way that Karla Salmon Insurance can minimize the impact on your company with commercial business interruption coverage.

Ask About Business Interruption Coverage

This is part of your standard commercial insurance policy, but you may wish to expand the circumstances listed for when you can file a claim on it. If your store has to close due to a covered peril, this form of coverage kicks in to keep your company afloat.

Pay Your Bills Even when the Store is Closed

Just because you can’t open your doors, that doesn’t mean your vendors don’t expect to get paid. Your business interruption coverage will allow you to stay up to date on all your bills and maintain your reputation within the business community. This coverage can also help if the city needs to conduct emergency repairs right outside your door, preventing you from conducting business.

Resume Business as Usual After the Clean Up

Even if a hurricane significantly damages your community, that doesn’t mean you have to go into the red to recover. Once the evacuation order is lifted, your parking lot is cleaned up, the power restored, and the worst of the damage repaired, all you have to do it start the operation back up again. Give Karla Salmon Insurance a call today and ask how a commercial insurance policy with business interruption coverage can help your Oviedo, FL business survive a catastrophic weather event. We look forward to hearing from you.