One of the primary goals for every business is to grow and increase market share. Generally, as your business grows so does its revenue and assets, and such growth can lead the company to expand its operations, expand its offerings, and even search for a larger location. Just as the company itself does not remain static from year to year, neither does its insurance needs. As your company changes it is highly recommended that you continue to adjust your insurance coverages in order to reflect the company’s ever-changing needs.

Below we will review some reasons your company should review its insurance coverages annually:

Business needs change – As your company grows and prospers it will naturally expand into additional products and services and possibly even larger premises. Every change your company undergoes could create a corresponding liability, which may best be addressed by increased or modified insurance coverage. It is best to speak with your insurance agent at least once per year in order to discuss how your business has changed over the past 12 months, and to review if your current coverages are adequate.

Society changes – Just like your business needs will evolve over time, so will the societal factors which take place in and around your company.  For example, if you own a company with a storefront location and which employs delivery drivers, you may wish to increase your coverages if a daycare were to open up next door. Your insurance coverages should be reviewed periodically to ensure they reflect the current societal factors which may affect it.

Environment changes – From year to year environmental changes can take a toll on businesses.  Longwood, FL area businesses should review their insurance every year in order to make reasonable adjustments to coverages which may help mitigate unexpected or particularly harsh environmental cycles.

If you are a Loongwood area business and you have not reviewed your insurance coverages recently, contact our agents at Express Insurance for a review today.

 

Most people have limited knowledge concerning the benefits of umbrella insurance coverage. Umbrella insurance offers protection above and beyond the coverage limits of standard home and auto insurance policies. This extra protection can help secure your valuable assets against any eventuality.

Who Can Benefit from Umbrella Insurance?

Umbrella insurance can benefit middle class families in California as much as those in the upper echelon of society. If you own a vehicle, you run the risk of being sued for damages or injuries to others if you cause a serious auto accident that results in disability or death to a third party.

As a homeowner, you may be sued for injuries sustained by visitors in an accident on your property. Imagine, for example, a neighbor’s child accidentally drowning in your pool. If your neighbor decides to sue, your liability would probably extend far beyond the limits of your home insurance policy.  

Umbrella insurance gives you an extra layer of protection, generally into the millions of dollars, beyond your current home or auto coverage. Your umbrella policy will also cover all legal fees along with your settlement.

What You Stand to Lose

If you are hit with an unexpected lawsuit, you risk the loss of such assets as savings, retirement funds, financial investments and home equity. In some instances, you may be required to pay money from future earnings to settle the account. On top of a settlement, you may have to pay for legal fees for both parties. Such lawsuit expenses can easily cause financial ruin. By covering the expenses of a costly lawsuit, umbrella insurance can protect you from financial loss.

Call or visit us at Express Insurance today to learn more about umbrella insurance coverage. Your financial future could greatly benefit from the preventative measures that umbrella insurance has to offer. 

You may have heard it said before or maybe even mentioned to you while you were shopping around for insurance but if you do not know what it is, how could you know if you need it? Umbrella insurance is a form of supplemental insurance but it is not right for everyone. It is something to consider, however, if you have a lot of assets you want to protect. Continue reading to learn more about umbrella insurance and see if it is something you should consider. 

Umbrella insurance is something that you purchase when your standard homeowners, auto, or even boat insurance does not cover the value of the asset. While each of these kinds of policies come with a minimum you must purchase, they also come with a maximum you can purchase. That is where an umbrella policy comes into play. It can cover your assets when they are over the maximum amount of your traditional insurance policy.

Umbrella insurance is much more than that, though. It can also protect you from non-work related personal injury cases such as false arrest, wrongful conviction, slander, and libel. It provides you with personal liability coverage both on and off the property. It is a worldwide coverage as well. It can even cover the cost of legal fees for a covered loss. It is something to consider if you want to further protect yourself and add others kinds of coverage that traditional policies do not cover. These kinds of policies are available between $1 million and $5 million depending on your protection needs.

For more information about umbrella insurance policies or to get a quote, contact us at Express Insurance today. We will be happy to assist and help out with your insurance options. 

We tend to insure the things in our lives with the most value. Our cars, homes, health, and loved ones are things we insure just in case something terrible happens. Anytime disaster of any kind strikes it can take a huge emotional toll and we want to make sure that we are financially covered in those situations so we can deal with whatever life hands us. Insuring our place of business should be just as important as insuring the other things of value in our lives. Your business is your livelihood. It is what helps you support the life you live and it should also be protected.

Commercial insurance covers your business in many different situations. You can cover the actual property and vehicles associated with the business in case of damage. You can cover legal issues that may arise due to a business related interaction like a customer injury on the property. Workers compensation can be covered in case an employee is ever injured on the job. Whatever the incident is, it can likely be covered.

If you leave your business uncovered then you are leaving it vulnerable. Should something happen while you are in this vulnerable state, could you pay out of pocket for all the damages? If you are sued. If there is a fire. If you are held liable for an employee’s injury. It’s likely any of these situations would put you in a financial bind that could put you out of business altogether. That would be a devastatingly life changing blow that could easily be prevented.

Call one of our knowledgeable and friendly Express Insurance agents in Santa Monica, CA today to make sure your business is never left uncovered. We can walk you through the process of obtaining exactly the commercial insurance policy you need!

When you live in Longwood, FL, it’s important to be charitable. If you’ve been looking for a few ways to help out your community, there are plenty. You simply have to decide what cause you want to give to and how active you want to be. There may be a few different ways for you to help, allowing you to make a difference in multiple areas.

Donate Funds

You may want to donate funds to an array of different causes. How much you have and what causes are the most important to you will be huge determining factors as to where the money goes. You may want to explore:

• Local charities
• Food banks
• Homeless shelters

The funds can go anywhere. You may want to give right to a charity or use the money to help a certain organization, such as buying dog food for a pet rescue shelter.

Donate Time

If you have time to give, you can work at soup kitchens, clothing recyclers, and even nursing homes. You may even want to sup up and be a volunteer with Meals on Wheels.

Make a Difference

You can make a difference in a few other ways, even if you don’t donate funds or time. You may want to do such things as:

• Donate blood or plasma
• Donate old clothing
• Donate non-perishable food

Ultimately, you have to choose how you want to help your community and how it works with your schedule. You may be able to do more during certain times of the year. Just know that whatever you do, you’re able to help your community.

At Express Insurance, we are in the community. Call now and one of our independent insurance agents can work closely to help you find policies for your home, your car, and more.