Commercial Insurance Tips for New Business Owners

Starting a new business is hard work. There are so many things to think about – from the products or services you offer, to the branding and marketing, to the day-to-day operations of your company. And that’s just the beginning. One thing that can be easy to forget in this excitement is ensuring your business is adequately insured. Commercial insurance can provide peace of mind, knowing that you and your company are protected in case of an accident or unexpected event. This post will give you tips on what to look for when purchasing commercial insurance for your new business. Keep reading for more information.

1. Consider the Risks of Your Business

Start by assessing the risks associated with your business. For example, what are the chances of someone being injured on your property? Do you have any equipment or inventory that could be damaged or stolen? Are you providing a service that could result in a lawsuit? Once you’ve identified the risks, you can start looking for policies covering those potential problems.

2. Consider the Size and Scope of Your Business

Another factor to consider when choosing commercial insurance is the size and scope of your business. If you’re a small business with just a few employees, you may not need the same level of coverage as a larger company. On the other hand, if you have a lot of employees or operate in multiple states, you’ll need to ensure your policy covers those risks.

3. Shop Around for the Best Policy

Once you know what you need, it’s time to start shopping around for the best policy. There are a lot of insurance companies out there, so take your time and compare different policies. Ensure you understand what each one covers and how much it will cost. You should also check out the company’s financial stability to make sure they’ll be able to pay out if you need to make a claim.

4. Read the Policy Carefully

Once you’ve found a policy that looks like a good fit, take the time to read it carefully. Make sure you understand all of the coverages and exclusions. You don’t want to be caught off guard if something happens and your policy doesn’t cover it.

5. Review Your Policy Regularly

Your business will change over time, so regularly reviewing your commercial insurance policy is essential. Please ensure the coverage is still appropriate for your business and update it as needed.

Get Commercial Insurance in Oviedo, FL

These are just a few tips to help you start commercial insurance for your new business. For more information or a quote, contact Karla Salmon Insurance today. We’ll be happy to help you find the right policy for your business.

Why should a business owner start their commercial insurance with a business owners’ policy (BOP)?

A BOP provides the four most essential business coverage at a reduced premium. It provides the foundation for most commercial policies. You can obtain a BOP and any of its many possible add-on insurance policy types from Karla Salmon Insurance.

Your Oviedo, FL business needs commercial insurance coverage, and a BOP makes the logical starting place because it provides the four most frequently purchased policy types in one package, and it costs less than if you purchased each policy separately. A BOP contains business interruption, perils, liability, and property damage coverage.

You can add any type of commercial insurance to your BOP. This lets you save money on your overall insurance costs while obtaining the customized policy you need for your business.

The BOP covers the four things that each business has in common. Customizing the coverage afterward covers the things that make your business different. For example, a pizzeria that offers delivery requires commercial auto insurance, while a doctor’s office requires malpractice. A manufacturer of medical devices, such as wheelchairs, leg braces, or IUDs requires errors and omissions insurance. A dry-cleaning business needs inland marine insurance.

The flexibility of the BOP option lets you add any type of commercial insurance to the BOP from boiler insurance to glass insurance. You can create a commercial policy that contains as many or as few types of coverage as you need to do so to adequately protect your business.

Karla Salmon Insurance serving Oviedo, FL can offer you a BOP and any type of insurance you need to add to it. Call us today.

What Exactly Does Commercial Insurance Cover?

If you own a business, you can testify that it didn’t come easy — you invested a lot of time, resources, and effort to bring your dream to fruition. For this reason, Karla Salmon Insurance in Oviedo, FL, cautions you against running your business without commercial insurance.

But what exactly does commercial insurance cover? Here are the areas covered by commercial insurance. 

Cyber protection

If you run an online-based business or store sensitive customer data, your business is susceptible to online malicious activities like hacking. What would you do if online criminals target your business? Commercial insurance can help you cover negotiation fees, legal suits, data restoration, notification costs, and so on.

Protects workers

Anything can happen to your business workers while they are attending to their duties. For example, they can sustain injuries when handling machinery or lifting heavy objects. If the injuries call for medications, you are responsible for their treatment costs.

Such costs can be huge to bear on your own, and that’s where commercial insurance steps in.

Liability protection

Slippery floors or other hazards can cause clients and customers to sustain injuries while on your premises. Besides, your products can harm your customers. When this is the case, ensuing medical bills and legal costs are paid by your commercial insurance and not money from your business coffers. 

Protect your assets

The cost of replacing damaged or stolen business assets such as furniture, buildings, and so on can cause you financial struggles. However, with commercial insurance, your insurer compensates you when a covered peril causes losses or damages to your assets.

Professional liability coverage

If you are in a professional career like accounting, auditing, or legal, you are bound to make mistakes or miss deadlines. When this happens, your clients could sue you for negligence. Fortunately, professional liability insurance pays for legal costs, including attorney fees, when facing a legal suit.

Buy commercial insurance today!

Don’t run a business that’s not insured — one peril is enough to put all your efforts down the drain. Instead, contact Karla Salmon Insurance in Oviedo, FL for a competitive quote. 

Is Commercial Insurance Required for Home-based Business?

Today, the mode of running businesses has changed. Instead of the brick-and-mortar office setting, many businesses are operating from home. Whether it’s with a view of making cost savings or flexibility, home-based businesses are here to stay. But with home-based business ventures, there is confusion when it comes to insurance. Does home insurance protect your business? Do you need commercial insurance? If you are a home-based entrepreneur wondering the kind of insurance you need, stick on as Karla Salmon Insurance of Oviedo, FL, clears the air. 

Does home insurance cover my home-based business?

Home insurance is designed to protect your home and other assets from damage or loss from perils like theft, fire, hurricanes, and many more. Although your home insurance has personal belongings coverage, this may cover your home-based assets for a limited amount. 

Furthermore, while your home insurance may have liability coverage, this won’t cover any liabilities related to your business operations. For instance, if a supplier falls and breaks their leg when making a delivery to your home-based business, home insurance won’t cover the medical expenses. So what’s next?

Commercial insurance for home-based businesses

Given the shortcomings of home insurance for your home-based business, home-based entrepreneurs need to consider commercial insurance for broad coverage. Here are commercial insurance options you should consider for your home-based business. 

  • Business liability coverage: Covers you against advertising injury, property damage, and bodily injury sustained to others. If third parties visit your business, you must consider this coverage. 
  • Commercial property insurance: Do you have significant assets for your business? If the value of your assets is above, let say, $2,500, you must purchase commercial property insurance to protect your assets. 
  • Professional liability: If you offer consultancy services, like accounting or legal, this coverage protects you against missed deadlines and alleged negligence. 
  • Cyber liability insurance: If your business has any online presence, this coverage protects you against malicious online activities. 

Would you like to cover your Oviedo, FL, home-based business? Please contact Karla Salmon Insurance to discuss your commercial insurance needs. 

How does commercial insurance protect someone in Oviedo?

The Oviedo, FL area continues to be a great place to live and work. For those that are familiar with the area, it is also a great place to start a business. As you are looking to establish a company here, you also need to get proper insurance. There are a few reasons why you should get a commercial insurance plan when in this area of Florida. 

Insurance Gives Protection for Liability

A reason that you should get a commercial insurance plan for your business is that it can offer you protection against liability risk. Anyone that would like to start a business is going to take on liability risk as you are ultimately responsible if your product or service causes harm to someone. With a commercial insurance plan, you are going to receive the coverage necessary to mitigate your liability risk.

Insurance Protects Company Assets

A business owner should also get a commercial insurance plan because it can protect all of their business assets. If you choose to invest in assets for your business, you will want to know that they are well protected. With a commercial insurance plan, you can receive coverage to repair or replace a variety of assets including inventory, major equipment or other valuable assets owned by your company.

Those that are going to start a company in the Oviedo, FL area need to get a commercial insurance plan. When you choose to get commercial insurance coverage here, it would be helpful to call Karla Salmon Insurance. The team with Karla Salmon Insurance understands the importance of getting the proper coverage for your business. When you speak with the team here, they can help give you the support that you need to build and choose a new plan for your organization. 

What Does Commercial Insurance Cover?

If you’re a business owner in Oviedo, FL, then you may be familiar with the term commercial insurance. Commercial insurance, or business insurance, covers your business and helps keep it safe in the worst-case scenario. Learn more about what commercial insurance covers, why you should have it, and how Karla Salmon Insurance can help you protect your business. 

What Is Covered with Commercial Insurance?

To help keep your business protected, here are some common areas in which commercial insurance provides coverage: 

  • Property Damage: In the case that any damage is sustained to your business’s property, which includes the building, equipment, or anything else owned by the business, the damage would be covered by commercial insurance. 
  • Liability: If any damage was done to the property of another business, person, or entity, and you are at fault, then you would be covered with commercial insurance. 
  • Worker’s Compensation: This is one of the more common areas of commercial insurance. In the case that an employee was injured while on the job or on the property, then that employee would be covered under worker’s compensation. 

Thes are just some of the areas in which commercial insurance provides coverage. To find out more ways you and your business can be covered, visit Karla Salmon Insurance. 

Why Have Commercial Insurance?

If you have a business, then you should absolutely have commercial insurance to keep your business protected. Your equipment, property, and employees are all vital to keeping your business running successfully. You need to be sure they are protected not only for their sake but for the sake of your business. 

Get Covered with Karla Salmon Insurance

To help you keep your business secure, contact Karla Salmon Insurance. Their office is located in Oviedo, FL, and they accept appointments or consultations over the phone. Visit Karla Salmon Insurance to help you get the commercial insurance coverage you need to keep your business safe.  

Benefits of Commercial Insurance for New and Growing Businesses

Getting commercial insurance is an important step in establishing a new business and protecting a growing one. The funds that it provides following a disaster can make the difference between a quick recovery and struggling as a business. One thing that sets commercial insurance apart from other policies is that it can be tailored to fit the specific needs of a business. This is beneficial for both new and growing businesses in the Oviedo, FL area. At Karla Salmon Insurance, our agents want to make sure that you have the coverage that your business needs to grow. 

Each part of the initial package will cover specific areas of the business. For instance, property insurance covers any buildings the business owns but it also protects the building’s contents including inventory, office equipment, and materials. Liability insurance protects your business if a guest is injured on the business property due to negligence or by a product or service the business provides. Additional liability coverage is available for professional corporations such as physicians and attorneys. Worker’s compensation covers employees if they are injured on the job. Another option is business continuity coverage that supports businesses recovering from a disaster that doesn’t allow them to operate. If your business has a corporate fleet, it can be covered with commercial auto insurance. 

Commercial insurance allows new and growing businesses with many opportunities to protect themselves. At Karla Salmon Insurance, our agents work with businesses in the Oviedo, FL area to ensure that they have the coverage that they need to protect their growing business. Basic information can be explored on our website but when you are ready, contact us.  You’ve worked hard to bring a new idea to the marketplace.  Make sure that it is protected so that it can grow. Call us today!

Commercial Insurance and the Things You Need to Consider

When you are looking to start a company, opening one up in the Oviedo, FL area is a great option. Those that start a company in Oviedo will find that the local market provides a wide range of benefits, including a great local economy and various other incentives. When you are going to start a company in this area, it is smart to acquire a commercial insurance policy. There are many reasons why commercial insurance is a necessity for businesses in this area.

Ensures Assets are Protected

One reason why you need to get commercial insurance is that it ensures that your assets are protected. Any small business will need seed capital to buy inventory and equipment. If you are a growing firm, losing these assets to theft, vandalism, or another form of damage would be devastating. When you have commercial insurance, it will ensure that your assets are all properly protected. 

Provides Coverage for Liability

Additionally, commercial insurance will also ensure that you are covered for liability. If you start a company, you need to remember that there is always a risk that you could be sued. Due to this continued risk, having liability commercial insurance is a necessity. This will ensure that you have protection if you are sued. 

If you would like to start a business in the Oviedo, FL area, you need to make sure that you get commercial insurance. Once you are ready to start shopping for insurance for your company, you should reach out to the team at Karla Salmon Insurance. The insurance team at Karla Salmon Insurance knows all of the risks that exist for small business owners. They can help you to mitigate these risks by finding you commercial coverage that best fits your company’s needs. 

Is Commercial Insurance a Necessity?

At Karla Salmon Insurance, we have had to talk many Oviedo, FL businesses into purchasing commercial insurance for their business. Many don’t quite understand why these policies are so essential but appreciate buying them once they make the purchase. 

Commercial Insurance is a Wise Investment

Commercial insurance – while not a legal requirement – is typically an excellent idea for most businesses. These policies provide a myriad of benefits. First of all, they help to provide you with financial help in lawsuits and other problematic situations. This coverage helps to keep your money and your investment safe from loss. 

Secondly, commercial insurance is designed to not only protect your investment but keep your company running as well. These benefits are critical if something causes your business to shut down. Without this help, you’ll find yourself without income and struggling to stay afloat and may even trigger bankruptcy.

Policy Types to Purchase 

Commercial insurance comes in many different policy types. The first type you’ll want is a general liability, which helps to protect you from lawsuits if somebody is injured as a result of your business operation. Auto policies are also a great idea if you own company vehicles. 

Other types of policies to consider include life insurance, disability insurance, and workers’ compensation. These all help to keep your employees safe and protect you from their lawsuits. And business interruption insurance pays you if a disaster makes your business impossible to run and you lose profits.

How to Find Great Policies

If you live in Oviedo, FL and you need commercial insurance, please contact us at Karla Salmon Insurance. Our experts have years of experience helping people like you and will work hard to ensure that you get the high-quality policy that your business needs to stay protected. 

Will Commercial Insurance Cover My Commercial Vehicles?

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. 

Commercial vehicle insurance covers the property inside the vehicle as well from theft or damage.  Also, local laws dictate the minimum amount required for commercial auto insurance. So, if you stay anywhere in Florida, for instance, there may be laws relating to commercial vehicles than in a different climate like Washington, D.C.  

So, if you stay in Oviedo, FL or other places in that state, you will need an insurance company that specializes in commercial auto insurance for that state. Karla Salmon Insurance is the one to turn to.  Located in Oviedo, FL, Karla Salmon Insurance has several years of experience in this industry. They are highly trained and licensed with tons of years of experience. They also have  So, if you stay in Oviedo FL, or other places in that state, you will need an insurance company that specializes in commercial auto insurance for that state. Karla Salmon Insurance is the one to turn to.  Located in Oviedo, FL, Karla Salmon Insurance has several years of experience in this industry. They are highly trained and licensed with tons of years of experience. They also have