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Orange Park FL 32073

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First Florida Underwriters Insurance blog

Will Boat Insurance Protect Against Vandalism?

Your Orange Park, FL was vandalized for reasons that you can’t understand and you don’t feel comfortable driving it. Thankfully, a boat insurance policy from First Florida Underwriters Inc may help to pay for this damage to your watercraft.

Comprehensive Coverage Will Protect Against Vandalism

There are many types of insurance coverage options for boats, including comprehensive coverage policies. This policy types comes into play when your boat is damaged in a non-collision incident. For example, people who own a boat that has been vandalized can pay for the repairs or even the replacement of their boat with this policy.

This coverage options also includes the ability to add “riders” to your policy to cover items that are connected to the boat but which aren’t the boat. For example, if somebody stole your depth finder from your boat and you have a rider for its replacement, your insurance will pay to replace or repair it.

When Coverage May Be Denied

Though comprehensive boating insurance will cover vandalism committed against your vessel, there may be times when it doesn’t. For example, your policy won’t kick into play if your insurance provider believes that you vandalized your own boat to collect on the policy. This act is not only unethical but illegal.

This situation very rarely happens, though, and typically only occurs if there were mitigating or suspicious circumstances around your boat damage. For example, if the vandalism seems self-inflicted or designed only to collect on a policy, your provider may not believe you.

Learn More About High-Quality insurance Options

Thankfully, most Orange Park, FL boat insurance policies will easily and gladly pay to repair a vandalized boat. So please contact us at First Florida Underwriters Inc to learn more about the benefits of these types of policies.

3 Tips to Prevent Work Related Accidents

Workplace safety and appropriate training for safety in the workplace is critical for the protection of management as well as the employees. Orange Park, FL as well as the rest of the United States has rules and policies that have been established by OSHA (Occupational Safety and Hazards Administration, which are designed to protect employees from injuries and fatalities. To help avoid the risk of worker’s comp claims for injuries, here are three tips recommended by First Florida Underwriters Inc for workplace safety.

No Horse Playing

One of the quickest ways to get an injury while at work is by horse playing. Not paying attention to the task at hand and/or using tools and equipment inappropriately can quickly result in an injury, sometimes fatal injuries. It is essential to maintain professional behavior while in the workplace. Playtime is designated for outside of work hours, so never use tools and equipment as toys and do not think that an innocent joke or trick may not end up causing physical injury to a coworker; sometimes the most innocent acts result in serious injury.

Wear Appropriate Clothing

One of the rules put in place by OSHA is the requirement of wearing protective clothing and breathing equipment when working around dangerous substances. This includes, but is certainly not limited to work boots, hard hats, eye goggles, fire retardant clothing, earplugs and/or respirators. The specific safety requirements vary from job to job and industry to industry, so be sure to know and follow all safety requirements pertaining to clothing.

Follow the Rules Regarding Machinery

Regardless of its simplicity, machinery can cause serious injuries, even death if not use appropriately. You should never use a piece of machinery that you aren’t familiar with and have been trained to use. Employers should provide proper training and employees should following the training when operating any type of machinery. If you aren’t comfortable with or are inexperienced in a type of machinery that you are asked to operate, it is important to ask for the proper help and training before using.

Workplace safety rules and regulations have been put into place to maximize the efficiency of the company as well as reduce the amount of work-related injuries. For your safety and/or the safety of employees, it is critical that training is provided and safety measures followed.

Residents of Orange Park, FL who want to learn more information about workplace safety or to inquire about worker’s comp insurance, contact First Florida Underwriters Inc.

3 Facts You Need to Know About Commercial Insurance

Commercial insurance is simply the insurance used to protect businesses against losses resulting from damage to property or injury to employees. Property insurance, liability insurance, and worker’s compensation are some types of commercial insurance. Settling an insurance claim isn’t always a simple affair. There are some facts that you should know about your commercial insurance coverage.

1. Being Covered Has Different Definitions

Given that you have a Commercial General Liability Insurance cover, it will cover you, your business entity, and all your employees. In general, your staff is covered so long as an insured incident occurs during their company working time or while acting on behalf of the company. However, this may not always be the case, it always depends on the situation.

2. Purchase a Cover Based On Risk

The United States Small Business Administration encourages business owners to carry out their own risk analysis prior to buying an insurance cover. For instance, an Information Technology support firm with low physical customer interaction may require a very different insurance policy compared to a construction company that operates where there are many people. A risk analysis, which is also conducted by the insurance provider when settling a cover, may tell you the sort of insurance cover you should apply for.

First Florida Underwriters Inc in Orange Park, FL, is an insurance agency that can help you determine the commercial insurance cover you need. Call us today to get the best cover.

3. Yearly Review of Coverage Is Necessary

Yes, you have bought your commercial insurance cover, and you feel satisfied and safe, but do not forget to do a checkup. You should make it a habit to always review your company risks and coverage every year. Maybe you opened a new business premises, or added a new company vehicle. If something is not included in your insurance policy, then it is not covered. Keep your plan up to date to avoid trouble.

Ready to look into commercial insurance? Contact First Florida Underwriters Inc in Orange Park, FL to know the process.

Planning for the Disgruntled Worker’s Damage

Ask any IT administrator and one of the highest risks to records, data, and a business’ livelihood is not outside the company in the form of a thief or hacker but inside the company as an upset employee, even in Orange Park, FL. The disgruntled employee syndrome is common, affects every industry, and due to the person’s already approved access can present a significant challenge to prevent or repair. Most companies don’t even prepare for the issue until it actually happens, and then the cleanup is far more costly and extensive (in addition to also including the removal of the person as well).

While your management and IT administrator can definitely develop protocols for how to deal with the employee-run amok, your business contingency plan should also have a safety net for how to deal with the damage caused if the problem gets discovered after the fact. This is where commercial insurance for your company comes into play. It can provide the valuable, low-cost safety net that helps offset problems associated with data loss, downstream damage to clients and associated parties, impacted employees, liabilities for failure in duties, and even privacy breach penalties. Any Orange Park, FL business dealing with other people’s data or property (intangible or physical) needs to have protection in place that can anticipate and help repair problems caused by an employee on the way out. It can very much mean the difference between your business’ ongoing success or being burdened with paying claims, settlements, and judgments.

First Florida Underwriters Inc can help. Their staff can draw upon multiple cases and anticipate the kinds of risks your particular business and industry might face from a disgruntled employee. Give them a call today and find out how First Florida Underwriters Inc and their team can protect you before it’s too late.

Employer’s Liability in Worker’s Comp Claims

Every employer in the state of Florida, which has four or more employees, is required to have worker’s compensation insurance, except in the construction industry and for government employers, it is one or more employees and in farming, it is five more regular employees or 12 or more seasonal employees.

Florida businesses that have worker’s compensation insurance benefit from Florida’s “exclusive remedy” rule. This rule was upheld in 2015 by the Florida Supreme Court. Under most circumstances, this rule prohibits employees or their surviving family members from suing an employer, if the benefits from worker’s compensation payments for the medical bills, lost wages, and disability or death benefits.

Employer’s Additional Responsibilities

In order to benefit from the limitation that prohibits lawsuits under the Florida Worker’s Compensation program, the employer must accept a worker’s compensation claim from or about an employee, certify that the on-the-job injury or death occurred, and file the claim on a timely basis.

If an employer delays a claim filing, either intentionally or by negligence, the employee or their surviving family can sue the company. Additionally, if there is proof of gross negligence by the employer that was the cause of the accident, an employer may still have a liability issue and may face a lawsuit.

Consult with Your Insurance Broker

Many business owners like to have an Employer’s Liability Insurance policy in addition to worker’s comp insurance. Ask your agent at First Florida Underwriters Inc in Orange Park FL about this. This type of insurance offers extra protection if there is an on-the-job accident, which results in serious injury, disability, or death of an employee. Businesses are not required by law to carry this extra insurance; nevertheless, many businesses want it for additional protection.

Consult with your insurance agent at First Florida Underwriters Inc, serving Orange Park, FL and the surrounding area, about any needs for Worker’s Compensation Insurance and Employer’s Liability Insurance.

Does Your Business Need A Commercial Insurance?

Lately, we have been expounding on other types of insurance and some insurance terms. Today, we are focusing on commercial insurance. If you are planning on starting a new business, or maybe you already own a business for the past few or many years, then commercial insurance should be part of your business investment. Operating a business without getting worried of any financial loss as a result of unpredicted incidences is stress relieving. The commercial insurance protects you from some of the losses experienced by businesses such as theft, liabilities, worker injuries, property damage etc. Procuring the right commercial insurance cover makes the difference between going out of business interruption and financial damage to your company operations in Orange Park, FL.

What is commercial Insurance?

Simply, this is an insurance that protects your business. It covers any losses, property damages etc. The First Florida Underwriters Inc. offers different types of commercial insurance to its customers.

What type of Commercial Insurance does First Florida Underwriters Inc. offer?

  • Commercial Auto Insurance

This type of insurance is recommended for people who own vehicles. It caters for vehicles that participate in activities related to your business or personal use.

  • Commercial General Liability Insurance

The advantage of this type of insurance is the fact that it covers a wide range of items in your business. With CGL insurance, your business is well covered when any injuries such as personal, advertising and property injuries occur.

  • Commercial Property Insurance

This category caters for any property damages that might occur in case of theft or even fire. Basically, this type of insurance covers anything related to your business physical location or physical structure.

Which is the best agency to partner with?

It is far much easy for any business owner located in Orange Park, FL. This is because one can use an independent agency such as the First Florida Underwriters to obtain a commercial insurance. You can also undergo the same process through the internet at the First Florida Underwriters website. Ensure you fully understand the policies before registering for any type of insurance.

 

How Does Your Workers Compensation Insurance Save You Money?

While every business in Orange Park, FL is required to carry workers compensation insurance, the folks at First Florida Underwriters Inc want you to know that it offers more fulfilling a legal obligation. When managed correctly, your policy can end up saving you cash in the long run.

Employees Fully Complete Treatment Before Returning to Work

When a workers comp claim is opened due to a verified injury at work, your insurance company will work with your human resources department and the medical professionals to come up with a complete plan to return your employee to health.  After completing any treatment in the hospital and all rehabilitation that is prescribed they can return to work.  Meanwhile, the employee is also provided with a steady income that minimizes the financial impact of the injury to their family.  There is a much smaller chance that they will come back before they are able, which can result in a more severe injury and cost even more in treatments.

Transitional Duty Eases the Return

You will also participate in a transitional duty program as part of returning the injured worker back to the job. Whether they only work a few hours a week at first or are completing some administrative tasks, it helps to maintain a positive relationship.  Happy employees will stay longer, which lowers the cost of hiring and training new staff.

Helps You Improve Safety to Prevent a Recurrence

Finally, when you encourage your employees to utilize the worker’s compensation insurance in Orange Park, FL, it is an opportunity for you to document any unsafe conditions in the workplace and address any deficiencies. You will have a lower rate of injuries in the future, which translates into more savings on insurance premiums and hiring temporary staff.

If you would like to learn more, give the folks a call at First Florida Underwriters Inc to set up an appointment today.

Does Workers Compensation Cover Freelance Employees You Use?

Many business owners do not understand the complexities involved with workers compensation insurance. Workers compensation insurance is complex and there are a lot of different rules and laws that come into play. One of the areas that many business owners do not understand is in regards to freelance employees and workers compensation insurance. Many business owners ask us at First Florida Underwriters Inc, serving Orange Park, FL, whether freelance employees are covered under their workers compensation insurance. Here is the answer.   

Workers compensation insurance does not cover the freelance employees that you hire for projects or work. Freelance employees are not real employees, and as such, they are not covered as an employee would be under workers compensation insurance.

However, this does not mean that a freelance employee cannot sue you if they are injured at your business. This is where commercial liability insurance would come in. If the freelancer slips and falls and injures themselves while visiting your business, or injures themselves some other way while at your business, they can file a lawsuit against your commercial liability insurance, not your workers compensation insurance, which is designed to only cover employees. 

If you have employees, you must carry workers compensation insurance. If you do not yet have a policy or are looking for a new policy in the greater Orange Park, FL area, First Florida Underwriters Inc would love to assist you. Contact us today to schedule an appointment for us to sit down and discuss your business and insurance needs. From there, we can put together a comprehensive insurance package that will fully protect you and your employees. Call us now to get started. 

Who Does Commercial Insurance Protect?

It might seem like that when you are shopping for commercial insurance from First Florida Underwriters Inc in the Orange Park, FL area, you just thinking about the physical building and equipment that keeps your business up and running.  However in reality, a supportive insurance agent will help you build a group of commercial insurance products that protect so much more.

Your Investment

You can’t keep making money when Mother Nature shuts down your business after a major storm.  Make sure you can keep paying your vendors, suppliers, and payroll even when you can’t deliver a shipment on time with gap insurance.  Instead of losing value during downtime, your investment and bank accounts will remain intact.

Your Customers

Talk to your agent about proper liability coverage. Even if a customer receives a defective product or is injured in some way by your business, a good insurance policy will take care of their concerns without putting a huge hole in your operating budget. Addressing customer issues promptly helps to build and protect your reputation as you maintain more goodwill in the public sector.

Your Employees

Finally, through commercial auto insurance and workman’s compensation insurance, your employees are able to maintain their personal wealth and lifestyle even if they get injured on the job. When you provide the right level of protection, your employee turnover goes down and productivity increases as their confidence in their employer and workplace grows.

In the end, your commercial insurance policy from First Florida Underwriters Inc not only helps you recover from severe physical damage to your company, it can help you grow as you, your staff, and your customers know they can rely upon your business to do the right thing when the going gets rough.  If you are in the Orange Park, FL area, give their agents a call today for more details on rates and coverage. 

 

 

Is Buying a Workers Comp Policy or Becoming Self Insured Right for Your Business?

At First Florida Underwriters Inc, serving the greater Orange Park, FL area, we often have employers come to us wondering whether they should purchase a workers compensation insurance policy or whether they should become self-insured. Here are a few factors to consider that can help you make your decision. 

The Amount of Money You Have

One of the biggest factors that affect whether you should be self-insured or not is how much money your business has available to it. In order to become self-insured, you have to post a huge bond with the state your business operates in. The amount of the bond varies based on the type of industry your business is in and the number of employees you have. But if you are a smaller business, you may not have the reserves to become self-insured. 

The Number of Employees You Have

The other major factor that should influence your decision on whether to buy a workers compensation policy or become self-insured is the number of employees you have. Self-insuring is a good choice for a large business that has numerous employees. Smaller businesses simply do not have enough employees that wind up getting hurt and needing to utilize workers comp insurance. As such, dedicated employees to handling your claims, as is required to become self-insured, does not make much sense. 

If you are in the market for a workers compensation insurance policy in the Orange Park, FL area, First Florida Underwriters Inc would be happy to assist you. Give us a call today and let’s discuss your worker’s compensation insurance needs and put together a policy that best fits your needs and your budget.