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First Florida Underwriters Insurance blog

What Is The Difference Between Workers’ Compensation And Health Insurance?

Workers’ compensation and health insurance are two important types of insurance. They both offer protection for employees, but they work in different ways. This article will discuss the critical differences between workers’ compensation and health insurance.

1. Workers’ Compensation Covers Workplace Injuries

Workers’ compensation will cover any injury an employee sustains while on the job. This includes accidents, repetitive motion injuries, and illnesses contracted at work. Workers’ compensation will also benefit the families of employees killed in workplace accidents. This insurance policy is necessary in most states, and it’s essential to have this coverage in case of accidents.

Health insurance, on the other hand, covers medical expenses for employees and their families. This type of insurance is not required by law in Orange Park, FL, but it’s an excellent way to provide health coverage for your employees. Health insurance covers various medical expenses, including doctor visits, hospital stays, and drugs.

2. Workers’ Compensation Is Paid By the Employer

Workers’ compensation is a type of insurance purchased by the employer from professional insurance companies such as First Florida Underwriters Inc. This means that the employer will be responsible for paying any claims filed under the policy. In some states, employers are required to carry workers’ compensation insurance; in others, it’s optional.

Health insurance, on the other hand, can be paid for by the employer or the employee. If the employer offers health insurance, they typically pay a portion of the premium. Depending on their health insurance plan, employees may also be responsible for paying some of their own medical expenses.

Conclusion

Workers’ compensation and health insurance are two important types of insurance for businesses. They both offer protection for employees, but they work in different ways. If you have any questions about workers’ compensation or health insurance, contact First Florida Underwriters Inc. We are a leading Orange Park, FL insurance agency and would be happy to help you find the right policy for your business.

Will My Condo Association’s Property Insurance Cover Me Too?

Condo association insurance is mandatory for your building’s common areas and amenities. But what if you need to make repairs or improvements to your unit? Will your association’s insurance cover you too? What are the condo insurance regulations in Orange Park, FL? First Florida Underwriters Inc is here to help answer your condo insurance questions.

Doesn’t my condo association have insurance?

By Florida law, your condo association must have insurance that covers the common areas and amenities in your building. This does include everything "as originally installed" or "as originally constructed." That means the insurance policy must cover features included in the original plans for the building. The structure of the building and public areas is the association’s responsibility.

However, things you have added to your unit, from furniture and appliances to remodeling and fixtures, are all your responsibility.

What kind of insurance does a condo owner need?

Our state has a specific type of homeowners insurance for condo owners. It is called HO-6 coverage. This type of insurance typically covers the following perils:

  • Dwelling – This covers damage to parts of your unit’s structure, including walls, floors, and ceilings. It is also the section that covers remodeling.
  • Personal property – This covers damage to your personal belongings.
  • Loss assessment – This covers the cost of repairs to the building and common areas where it’s determined you’re partially responsible.
  • Personal liability – This covers liability claims against you if someone is injured on your property.
  • Loss of use – This covers the cost of renting a place to live while your unit is being repaired or rebuilt.

Am I required to have this coverage?

While it is not mandated by law in Orange Park, FL, many condo associations require this coverage as a condition of membership. Furthermore, most banks and mortgage companies need this coverage to issue a loan.

Have more questions? Reach out to First Florida Underwriters Inc today!

Is It Time to Upgrade my Home Insurance Policy?

Home insurance protects your building structure and the contents inside against perils like fire, theft, natural disasters, etc. Homeowners’ insurance protects you against liability claims and pays for additional living expenses when your home is rendered unlivable.

While home insurance can save the day when the unthinkable strikes, the policy needs to be updated to cover your current needs. At First Florida Underwriters Inc., we recommend reviewing your home insurance policy at least yearly. Several factors can also prompt you to have a second look at your home insurance. These include:

Significant home improvements

Significant renovations and additions increase the value of your home, and the current policy won’t cover you adequately when your home is damaged. If you make a significant upgrade to your kitchen or add another structure, talk to your insurer to update your policy.

You start a home-based business.

Your home insurance covers your home, its contents, and liability claims not related to your business. So, if your customer trips on the floor of your home while attending a business meeting, home insurance won’t cover their medical costs. Talk to your insurance for add-ons to cover your home-based business.

You bring a dog

There are not many exciting things like welcoming a dog to your home. However, sometimes dogs can cause liability claims, which can be exorbitant. Let your insurer know when you have a dog in your house. Even if it’s a mild-mannered dog, inform your insurer because they can bite when stressed.

Home insurance in Florida

Need to learn more about home insurance in Orange Park, FL? Please book an appointment with First Florida Underwriters Inc. for more insights. We will help you understand your policy and whether it needs any adjustments.

Common Auto Insurance Myths Debunked

Despite auto insurance being one of the most common types of insurance, there are still many myths and misconceptions about it. We’ll debunk some of the most common auto insurance myths in this post.

Myth: I don’t need auto insurance because I have a good driving record

This is one of the most common auto insurance myths. The fact is that everyone makes mistakes, and even if you have a perfect driving record, you could still get into an accident. Auto insurance will help protect you if you do get into an accident.

Myth: comprehensive and collision coverage are the same thing

While both types of coverage will help pay for damage to your vehicle, they are not the same. Comprehensive coverage will cover damage not caused by an accident, such as theft or weather damage. On the other hand, collision coverage will only cover damage that is caused by a collision, as the name suggests.

Myth: Color of my car affects the cost of auto insurance

This is another common myth. The color of your car does not affect your auto insurance cost. However, what does affect the cost of your insurance is things like your driving record and the make and model of your car, among others.

Myth: You only need the minimum amount of auto insurance

This is a myth that can end up being very costly. The minimum amount of auto insurance may not be enough to cover you in the event of an accident. It’s important to ensure you have enough coverage to protect yourself financially.

These are just a few of the most common auto insurance myths. Be sure to do your research and get informed about auto insurance before deciding on a policy in Orange Park, FL. First Florida Underwriters Inc is here to help. We are experts in auto insurance and can help you find the right policy for your needs. Contact us today for more information.

How Much Motorcycle Insurance Do I Need?

It’s a question that all motorcyclists have to face at some point: how much motorcycle insurance do I need? The answer can be tricky because the amount of coverage you need depends on many factors. Here are a few tips to help you make the right decision for your needs.

1. Understand the Types of Coverage

Insurance can be confusing, especially if you don’t have a background in the industry. The best way to prepare for your purchase is to understand the types of coverage offered fully.

Comprehensive Coverage: It covers you in the event of a non-collision incident. This includes accidents with animals, falling objects, fire and theft.

Collision Coverage: If your motorcycle is involved in a collision with another vehicle or object (pole, guard rail, etc.), then collision insurance will kick in. If you only have the minimum required by law, you will probably not be able to afford to fix your bike after an accident.

Uninsured Motorist Coverage: This type of insurance protects you if someone hits you and does not have any coverage themselves or enough to pay for damages. Uninsured motorist coverage is mandatory in some states but optional in others.

Liability Coverage: If someone suffers an injury that is your fault, liability insurance will protect you against the cost of their injuries and other damages. This can go a long way in protecting you financially.

2. Know What You Can Afford

You can tell how much insurance you need if you factor in your financial situation. If you have a lot of debt, choosing higher coverage may not be possible. You should opt for the cheapest amount of motorcycle insurance necessary to protect yourself legally.

3. Think About Your Motorcycle’s Worth

If your motorcycle is worth more than the coverage you have, it might be time to increase your policy. This may be especially true if you paid a lot for your bike or put extra money into upgrades.

4. Ask Yourself How Often You Ride

The more you ride, the higher your risk of an accident. If you only take your bike for short rides on the weekends, then you might not need as much coverage. However, if you commute to work by motorcycle every day and spend hours riding, then get a policy that best reflects your needs.

Need Insurance in Orange Park, FL?

There is no one-size-fits-all answer to the question of how much motorcycle insurance you need. However, First Florida Underwriters Inc. can help you figure out the right amount for your needs. Call us today to get started.

Classes of RVs and How They Affect Insurance

Classes of RVs and How They Affect Insurance

Many Orange Park, FL residents visit First Florida Underwriters Inc in search of insurance for their RV. They’re often surprised to learn how varied their insurance options are.

RV insurance doesn’t provide a one-size-fits-all option. Instead, it offers a multitude of options. Snowbirds who drive here for vacation and decide to park permanently need a special type of RV insurance called full-timers. This policy considers the RV your home. You choose this option if you want to rent or purchase a lot on which you will park your RV permanently, either plugging into an electrical outlet or using solar panels for power. You might stick with propane, but once they aren’t on the road any longer, many people switch to plugging in or installing solar. Maintenance on your RV changes when you live in it year-round and the full-timer policy recognizes this.

When you remain on the road or use the RV for vacations, you need regular RV insurance. This still differs in one key way. It is based on the size of your RV, also referred to as the RV class.

Class A: The largest RV size provides a self-contained sleeping and living area. You can travel in the RV section while in motion meaning there is someone in the cab and potentially passengers in the rear. These expensive RVs cost the most to insure.

Class B: The least expensive of the RV classes, this provides the smallest space and costs the least to insure out of the types that provide a self-contained sleeping and living area that allows passengers to travel in it while in motion.

Class C: The C class falls between A and B in size and cost of purchasing. Also, providing a self-contained area for sleeping and living space in which passengers can travel while the RV remains in motion, its premiums cost more than a Class B policy but less than an A.

Conventional Trailer: You can’t travel in a conventional trailer, also called a towed trailer. It may have a pop-out to increase the size of the area for dining, but there’s typically no sleeping area even when popped out. You can store luggage and other items in this trailer type.

Fifth-wheel Trailer: While you cannot travel inside a fifth-wheel, you can sleep in its sleeping loft. You tow this with a truck and the front portion overhangs the truck cab.

Contact First Florida Underwriters Inc today to obtain RV insurance for your Orange Park, FL RV. Call us today.

Boat Insurance: When to Buy and When It’s Used

When you have made the big decision to invest in watercraft of any kind, it makes sense to ensure this investment is sufficiently covered with boat insurance. The agents at First Florida Underwriters Inc, serving Orange Park, FL, can help you obtain the coverage you need for your boat. In the meantime, here is the best time to purchase boat insurance and when it (or other policies) should be used. 

When Should You Purchase Boat Insurance?

If you intend on using your boat, protection is important. Boat insurance is designed to provide coverage against damage that takes place out on the water, regardless of whether it is your boat or someone else’s that sustained damage. This type of coverage also offers liability protection, ensuring you are protected if another person suffers an injury or property damage. Comprehensive insurance coverage will offer protection for your boat against non-collision damages like fire and vandalism. Because of the coverage boat insurance offers, it is imperative your vessel is insured before taking it out on the water. 

When Is Boat Insurance Used? When Are Other Insurance Policies Used?

As a general rule, your boat insurance offers protection for your vessel while in the water. When it is out of the water, your other insurance policies will provide coverage. For example, your auto insurance takes precedence if your boat is attached to your vehicle, but if your boat is parked in the driveway and sustains damage, your home insurance policy usually kicks in. However, keep in mind that your investment may not be fully protected by these policies, which is why you will want to ensure you purchase boat insurance.

If you have any questions regarding boat insurance coverage in Orange Park, FL, don’t hesitate to reach out to First Florida Underwriters Inc.

Is it helpful to have commercial insurance in Florida?

The Orange Park, FL area continues to thrive as it has a strong consistent population base and plenty of tourism. This helps to boost the local economy and makes it a good place to run a business. When you are looking to build and establish a business here, getting the proper insurance for it is a necessity. A commercial insurance plan in Florida can be helpful for several reasons. 

Coverage Will Protect Investment in Company

A good reason to always have a commercial insurance plan when you are here is so you can protect your investment in your company. No matter what type of company you start, you will need to invest time and money to get it off the ground. The best way that this investment can be fully covered is by getting a commercial insurance plan as it will cover your business assets and offer liability protection.

Have Support when Needed

You will also want to have a commercial insurance plan so you have support when you need it the most. Being named in a liability lawsuit or losing core assets to fire, theft, or another form of loss is always going to be stressful. When you have commercial insurance, you will be comforted knowing that you have comfort as well as an insurance provider to help with any claims. 

Having commercial coverage is clearly a good option for those that are business owners in the Orange Park, FL area. When you are looking to grow your company and have it properly insured, you will want to call First Florida Underwriters Inc. The team with First Florida Underwriters Inc understands the value of this coverage and will give any support you need to build an ideal plan. This can help keep you and your company properly protected and supported. 

Three Myths About Auto Insurance

When it comes to figuring out auto insurance, it can be pretty confusing. There are a number of factors that go into determining your premiums, and when you put premiums aside, auto insurance is still pretty complex. First Florida Underwriters Inc wants to help you understand auto insurance a little bit better, so here are a few myths that we would like to debunk for Orange Park, FL residents.

Comprehensive Insurance Will Cover Everything

While it is true that comprehensive auto insurance will cover quite a bit, it is only designed for the things that aren’t covered by the other types of insurance on your insurance policy, like uninsured motorist or collision coverage. Comprehensive insurance coverage is necessary for damage sustained to your vehicle during a collision with a deer or other animal, a fire, or weather-related events like floods and hail. In other words, comprehensive coverage handles damage to your vehicle that has occurred as a result of something other than a typical collision.

The State-Minimum Liability Coverage Is All You Need

Most states require that motorists carry a certain amount of auto liability insurance. Unfortunately, a number of drivers are under the impression that this is enough coverage. Under a number of circumstances, the state minimum coverage will not be sufficient in an accident. If this ends up being the case, you will pay out of pocket for any expenses over your insurance coverage. We can help you determine the best coverage amounts based on your financial situation and driving habits.

Personal Auto Insurance Covers the Business Use of a Vehicle

A lot of people are self-employed nowadays and work out of their homes, which means they may use their personal vehicle for business use. Unfortunately, your standard auto insurance policy may not cover you if an accident were to occur. Therefore, you should look into getting business vehicle insurance, especially if you have employees who also drive your vehicle. Don’t forget to check their driving records on a regular basis as well.

Serving Orange Park, FL, First Florida Underwriters Inc understands how confusing auto insurance can be, which is why we would love to sit down with you and help ensure you have the proper coverage for your vehicle.

Motorcycle Insurance Options

You have purchased an amazing motorcycle and cannot wait to take advantage of the beautiful weather and scenery that the state of Florida has to offer but first, you must obtain motorcycle insurance to protect the investment you have made in your bike. The insurance agents at First Florida Underwriters Inc in Orange Park, FL can assist you with all motorcycle insurance options, including the ones listed below.

Florida is the only state that does not require liability insurance for motorcyclists, but you must have Medical Payment Coverage in the amount of at least $10,000 in place to legally drive your bike. This type of insurance will pay for any injuries that are sustained in an accident, however, $10,000 may not be enough to cover the injuries of each person who is hurt in the crash. This means you will need more coverage options to ensure you and your bike are fully protected.

Liability Insurance

You can still obtain liability insurance which will increase the amount of bodily injury coverage that you have in place and will also cover a certain amount of property damage if an accident is deemed to be your fault.

Collision Insurance

Collision insurance will help cover any damages to your bike if you collide with another vehicle or even an object. For example, if you run into somebody’s garage door and damages this type of insurance would cover the amount of damages to the garage door.

Comprehensive Insurance

Comprehensive insurance will protect your bike if it is involved in a natural disaster, such as that hurricane, or it is damaged by a fire or vandalism. This will also help recover the cost of your bike if it is stolen.

To determine which motorcycle insurance options you want to choose, call the motorcycle insurance agents today at First Florida Underwriters Inc in Orange Park, FL.