Business Insurance: Who Needs It?

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business insurance

Everyone knows that running a business comes with a lot of responsibility. You might have employees, a large customer base, equipment, or other assets, which could mean high liability. Even if you just provide a service and don’t require inventory or assets, such as People, Property, and Equipment (PP&E), this doesn’t mean that your business isn’t subject to liability. There are a lot of ways you’re liable.

It can be stressful.

So, let’s lower that stress, and let’s lower your risk. To mitigate operational and legal risks, you have business insurance. But is it worth it? Let’s look at a few options.

  • Professional Liability Insurance – Let’s start with a common type of business insurance: professional liability. This is a great option for any business that provides a product or service to customers. This protects you if you are sued because of damages to your customers caused by your service or product. It’s great to have no matter what kind of company you run.
  • Commercial Auto Insurance – If your business owns a vehicle – whether for service or sales – then commercial auto insurance is important. In the state of Florida, you have to have it. Commercial auto insurance protects you, your employees, and drivers as well as the vehicles themselves in accidents. If you have one, or you have a fleet, you’ll want this.
  • Workers’ Compensation Insurance – If you have employees, you want workers’ compensation insurance. Depending on your business, workers’ compensation insurance may be required in the state of Florida. If your business is in a high-risk trade, such as construction or HVAC, workers’ compensation may be a necessity.
  • Commercial Property Insurance – Whether you’re business is ran in a retail store, restaurant, or other commercial space, it is important to protect your work space. This isn’t required in Florida, however it is a wise idea for business owners to fully protect themselves in case of a lawsuit.

If one of your employees is harmed on the job, then they can sue you for lost wages, medical expenses, and even pain and suffering. If you don’t have workers’ compensation, you could be liable.

Why You Need Small Business Insurance

Let’s face it, you’re always thinking about your costs. Sometimes, businesses try to avoid purchasing business insurance so they can avoid paying high premiums as well as keep their costs low. This can end up costing you more overall if there is a lawsuit with an employee or even a customer. These can be so damaging, that your business may be forced to shut its doors.

At the end of the day, small business insurance is a small price to pay to ensure that you’re protected. It’s common sense.

homeowners insuranceHow Synergy Insurance Can Help with Small Business Insurance Quotes

If you want to learn more about small business insurance and how it can help you and your business, contact Synergy Insurance. We help businesses with commercial liability, commercial auto, and commercial property in addition to workers’ compensation. Call us today for business insurance quotes to get the insurance that your business needs to ensure that you stay in business for years to come.

homeowners insurance

How to Choose the Right Auto Insurance Policy

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auto insurance

Finding the right auto insurance policy could feel like trying to aim at a moving target. You need to consider factors such as your own lifestyle and preferences, as well as local laws and regulations to make the right decision. Don’t rush into choosing an auto insurance policy – take the time and research to find the right amount of coverage for you and your family!

Here are what to consider when choosing your car insurance policy:

Do an Annual Rate Check

Auto insurance policy is not “set it and forget it.” Your circumstances may change, and you may need coverage different from the years prior. Make a habit of conducting a rate check before renewing your coverage, to make sure you’re getting the best policy possible.

Get a Personalized Quote

It’s important to get a customized quote from an agent who understands the local laws and regulations to make sure all your questions and concerns are addressed while taking into account your unique lifestyle and financial situations. Our agents are always available to help customers find the perfect policy for their needs and budget specific to the state of Florida.

Select a Top-Rated Insurer

Visit websites that rate auto insurers, such as Consumer Reports, to find out the latest ratings for auto insurance providers. See how insurers measure up in dealing with claims, payments, and non-claim problems to make sure they can meet your expectations.

Get Clear On Your Financial Picture

There’s often a give-and-take between deductible and premium — if you opt for a higher deductible, you’d lower your premium. Figure out what you can comfortably afford, and consider factors such as your driving record to see how they impact your premium. Don’t neglect your own risk-tolerance. After all, part of purchasing insurance is for the piece of mind.

You should also take into account your other assets. If you’re a homeowner and/or have sizable financial assets, you may want to protect your assets by increasing your liability coverage limits above the legal minimums. To make sure you’re covered without paying more than you have to, get a personalized quote from an experienced agent. Here at Synergy, we’re always ready to help.

Consider Your Unique Circumstances

auto insuranceThere’re many factors that’d affect your premium and deductibles — e.g. your driving record, car make and model, driving habit or mileage, and even location (more accidents happen in densely populated areas.) Since there’re so many moving parts that could determine the best policy for you based on lifestyle, preferences, and circumstances, it’s always advisable to speak to an experienced agent before finalizing your decision.

Safety behind the wheel is crucial. In case of emergency, always have the right documents on hand. Our Auto Accident Workbook has all the important information needed to file a claim, so you can take the guesswork out of your coverage. Click the image to get your copy today, and keep it on file in your vehicle!

Cheap Car Insurance May Not Be Affordable

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car insurance

Nobody wants to pay extra for auto insurance. There’s nothing wrong with that. However, if you make your decision based on cost alone, you could be setting yourself up for potential sticker shock and safety issues down the line. Avoid the hassle that comes with cheap car insurance, and educate yourself on the differences between ‘cheap’ and ‘affordable.’ Here are some potential mistakes that come with cheap car insurance!

Risking Your Assets

Most cheap auto insurance policies only provide liability coverage that meets the state minimum limit. In the event of a serious accident, that amount may not be enough to cover the damage. If you’re found to be legally liable, the court could order you to make up the difference by taking money out of your savings or other assets.

Here at Synergy, our agents specialize in car insurance policies in the state of Florida. We understand the local laws and regulations better than anyone else and will give you the best quote to meet your needs and budget without putting you in unnecessary risks.

High Out-Of-Pocket Cost

A “cheap” car insurance policy usually lures consumers in with a low premium. However, a low premium often translates into high deductible and insufficient coverage. That means you could be in for an unpleasant surprise if you get into an accident and face a sizable repair bill.

Poor Customer Service and Claim Support

Providers of low-cost car insurance rarely invest in high-quality customer support. The price of their products is simply not structured to provide quality customer service or train knowledgeable agents to support their customers. Moreover, these providers often push for cheaper replacement auto insuranceparts during repair to cut cost. These non-OEM parts are often less durable and more prone to rusting. Some of them may not even meet federal safety standards, ultimately putting you and your family at risk. If you purchase cheap auto insurance, you may save a few bucks upfront but suffer the frustration, not to mention wasted time and energy, when you most need the support.

Safety behind the wheel is crucial. In case of emergency, always have the right documents on hand. Our Auto Accident Workbook has all the important information needed to file a claim, so you can take the guesswork out of your coverage. Click the image to get your copy today, and keep it on file in your vehicle!

Theft and Home Insurance: Are You Covered?

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auto insurance

Criminals are always trying to plot out their next great score. Modern times allow for frequent trips to stores or the mall, kid’s lives are filled with endless activities, and we spend a lot of time away from our homes. There are big incentives for thieves to hit empty cars or homes, and Synergy Insurance Group wants you to know more about how insurance works to protect you and your family in different situations. Read more

7 Questions For Your Home Insurance Agent

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home insurance

Shopping for homeowners insurance is just as important as shopping for the right home. When you’re first looking at buying homes, it pays to be in the know when it comes to home insurance, because the type of policy you can get should influence the location and condition of the home you buy. Here are seven questions and answers to ask a home insurance agent before you settle on your new house. Read more

Five Sure-Fire Ways to Get Your Car Stolen

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auto insurance

Most people would say their car is one of the most valuable assets they own – if not the most valuable. Despite that, however, some people make it downright easy for thieves to drive off in their pride and joy. At Synergy Insurance, we don’t want you walking out your door to an empty driveway or leaving the local mall only to find some broken glass left behind in your parking space. So take care to avoid these five common mistakes.

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Identity Protection Tips for Tax Season

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Umbrella Insurance - Homeowners Insurance

What’s the most important number for you this tax season? The amount of your refund? The amount you owe? The number of hours spent poring over all the other numbers? All of those are pretty important, but none of them are as important as your Social Security number, at least not in the larger scheme of things. Read more

Seasonal Auto Maintenance

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car insurance

Florida is the sunshine state, and we pride ourselves on our warm weather and mild winters. The thought of “winterizing” your vehicle may seem foreign to many Floridians, but for those traveling out of state or those who might experience below freezing temperatures, it’s important to take some precautions. Read more

Auto Insurance – How Much Do I Need?

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Auto insurance is a fact of life for American drivers, and while we all know that having car insurance is a requirement, how many of us really understand the coverage we pay for year after year? Your policy may have major gaps that could leave you exposed to a lawsuit or unable to cover all the medical costs and damages related to a car accident.

Below is a look at the minimum state law requirements in Florida and how optional coverage could help protect you and your family.

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Spring into Home Maintenance Mode in Florida

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Spring into Home Maintenance Mode in Florida

home maintenance

Spring is a time for rejuvenation, and, as the weather gets warmer here in Sunrise, Florida, and the days grow longer, there’s a positive energy in the air. Many people decide it’s the perfect time for reorganizing and refreshing their homes, while others eagerly get to work in the yard and garden.

While it’s easy to get caught up in spring cleaning and planting, this is also one of the most important times of the year for home maintenance. The beginning of Daylight Saving Time is a great time to change the batteries in your smoke and carbon monoxide detectors, so if you haven’t done that yet, here’s your reminder. It’s a good idea to do a basic checkup in some other key areas, too. After all, winter can be rough on your home.

These tips, from the Department of Housing and Urban Development and others, can help. Call it “spring training” for homeowners.

Yard and Exterior

  • Check for signs of rodents, roaches, termites, etc.
  • Clean gutters and downspouts.
  • Trim tree branches and shrubs that are hanging too close to your home or to utility wires, and remove dead trees.
  • Examine your deck and/or balconies for loose boards or railings, as well as any rot.
  • Ensure that mulch and soil isn’t in contact with your home’s siding.

Roof, Siding, Windows

  • Check for damage to your shingles, including mildew and algae; have a professional inspect and repair your roof, if necessary.
  • Go into the attic to check for signs of roof leakage, such as visible moisture or discoloration.
  • Look for peeling paint. Remember, paint is about more than appearance. A good paint job also protects against the effects of weather.
  • Check for leaks around window and door sills. Properly sealed windows and doors can help prevent damage and lower your energy costs.

Interior and Appliances

  • Examine your basement and/or crawlspace for any signs of standing water or dripping. Take action immediately, if needed, to avoid mold.
  • Clean your dryer exhaust hose and vent. Lint build-up in this area is a common cause of fires, so do a thorough job by moving the dryer and disconnecting both ends of the hose.
  • Clean exhaust fan outlets and screens.
  • Check all air filters and replace, if necessary.
  • Vacuum refrigerator/freezer coils to help your unit run efficiently.

spring cleaning

These tasks will help keep you and your family safe, and they also can save you from costly repairs or homeowners insurance claims. So remember, when spring rolls around, there’s a lot more to do than cleaning and changing your clocks.

Skip the dangerous this year, and stick to all-natural remedies for spring cleaning! Check out our Spring Cleaning eBook for some safe and effective ways to make your home spotless this year. Click the image to get your copy!

Contact Us!

At Synergy Insurance Group, we can work with you to make sure you’ve got the coverage you need, while at the same time using all possible credits and discounts to make that coverage affordable.

Call us at 954-742-7244 or send us a note at . We want to help you meet your goals, and make sure what’s important to you is protected!