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.  

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!

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. 

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. 

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. 

Business owners in Florida need commercial insurance to protect their business from different types of financial loss, including liability and theft. While commercial insurance covers many things, one thing it won’t cover is hurricane damage. Hurricane and flood damage are separate policies that must be added. The agents at Karla Salmon Insurance work with business owners in Oviedo, FL when it comes to making sure their business is fully protected.

Commercial Policies

Commercial insurance policies are written to protect businesses from various types of loss. This can include liability that results from injuries sustained in slip and fall accidents, product defects/malfunctions, theft, and vandalism, just to name a few. These types of policies normally do not cover weather-related damages or damages sustained by sewer malfunctions. Those damages are normally covered through a protection plan from the local utility company.

Hurricane Coverage

Florida is a state known for hurricanes and strong storms. Insurance companies offer hurricane and flood insurance to businesses in addition to the regular commercial policies that can be purchased. In most cases, hurricane and flood insurance policies are sold separately from one another. Hurricanes are known for high winds, excessive precipitation, floods, and storm surges. The types of damages caused by this type of event can be extensive, requiring massive renovations and, in some cases, complete re-builds.

At Karla Salmon Insurance, the agents can explain the different types of policies and which ones will offer the most benefits to your business. If you live in the vicinity of Oviedo, FL, call and schedule an appointment today to find out about the different policies that are available to protect your business.

A commercial liability policy is a great general policy to have for your business in Oviedo, FL, but there are some things it won’t cover. An agent at Karla Salmon Insurance can help you put together a commercial liability policy that will cover many of your business risks, so you have well rounded coverage.

• Workplace Injuries: General liability will not cover employees who are injured in the workplace. Instead, these injuries will need to be claimed under workers compensation coverage.
• Damage to Your Own Property: Your liability policy will cover costs if you damage someone else’s property, but it won’t cover any damage to your own property. Instead, you would need a commercial property policy.
• Intentional Damage: If any damage were done on purpose, or with malicious intent, it would not be covered under this policy.
• Damage to Client Property in Your Care: If you have customer property that is in your care, your liability policy will not cover any damages. You may need other property coverage or policies to have this type of protection.
• Professional Mistakes: Any mistakes that are the fault of your business are not covered under this policy. For example, if your company misprints 1,000 books, your general liability won’t include a reimbursement. However, there could be some other policies that will cover these types of claims. In addition to mistakes, this policy won’t cover any errors in services. If a marketing company is consulting with a small business and the small business loses customers after launching a campaign, then this type of claim against the marketing company won’t be covered.
• Damages to Company Vehicles: If your business has company vehicles, you will need a commercial auto policy. Any damages that occur won’t be covered under a commercial liability policy.

Contact Karla Salmon Insurance, serving Oviedo, FL, to get a quote on commercial insurance.

When you live and work in the Oviedo, FL area, you can expect to live through a hurricane every few years. While it might seem like the upheaval that comes with preparing and cleaning up after an extreme weather system only causes havoc for your business, there is a way that Karla Salmon Insurance can minimize the impact on your company with commercial business interruption coverage.

Ask About Business Interruption Coverage

This is part of your standard commercial insurance policy, but you may wish to expand the circumstances listed for when you can file a claim on it. If your store has to close due to a covered peril, this form of coverage kicks in to keep your company afloat.

Pay Your Bills Even when the Store is Closed

Just because you can’t open your doors, that doesn’t mean your vendors don’t expect to get paid. Your business interruption coverage will allow you to stay up to date on all your bills and maintain your reputation within the business community. This coverage can also help if the city needs to conduct emergency repairs right outside your door, preventing you from conducting business.

Resume Business as Usual After the Clean Up

Even if a hurricane significantly damages your community, that doesn’t mean you have to go into the red to recover. Once the evacuation order is lifted, your parking lot is cleaned up, the power restored, and the worst of the damage repaired, all you have to do it start the operation back up again. Give Karla Salmon Insurance a call today and ask how a commercial insurance policy with business interruption coverage can help your Oviedo, FL business survive a catastrophic weather event. We look forward to hearing from you.

Commercial insurance is something that all business owners can benefit from having but is it required by law?

For those in the Oviedo, FL area, the agents with Karla Salmon Insurance can help you determine if you have to have a commercial policy or if you can get by covering your business with another type of insurance.

For starters, it is a good idea to learn what commercial insurance is. Commercial policies are taken out to protect business owners from theft, destruction of property, disasters, employee injury, lawsuits, and more. This type of policy can only be taken out on businesses and cannot be used to cover other things. If you have a business, it is always a good idea to make sure it is covered in some way or other by an insurance policy. In some cases, your company may be covered by your property insurance, your homeowner’s insurance if it is a home-based business and more.

Generally, the only time you would be required to have an insurance policy on a business is if you owe money on the property. If you owe on the building that the business is housed in or if you have taken out a loan to pay for the goods to stock the store, you are likely going to be required by your lender to have some insurance in place to protect the investors. Also, this is to help make back the initial loan amount should something happen to your business. If you own a business outright, you are not required to have insurance, but it is always smarter to have a policy and not need to use it than it is to go without a policy and need one.

For those in the Oviedo, FL area, the agents with Karla Salmon Insurance can help you find the right policy.

While we may be used to hearing about the major hacks in the cases of big businesses, there’s another threat out there for all business owners that may not be as readily apparent. When it comes to small businesses, cyber fraud has never been more prevalent. As the risks grow, commercial insurance policy owners in Oviedo, FL need to become aware of just how devastating it may be to go through a hack, and whether or not they have enough insurance protection to cover it. 

Cyber Fraud and Commercial Insurance 

The short answer is that commercial insurance will cover cyber fraud if an owner experiences a hack. The long answer is that most business owners don’t have enough protection when it comes to covering all their potential losses. There are many ways that business owners may be held liable when it comes to cyber theft. It’s not just about criminals stealing credit card data anymore. If a hacker is able to get into your system and steal the personal details of your customers, they may commit identity theft in the form of anything from medical to financial fraud. You may be sued as the responsible party for all of the damages your customers sustained, which can instantly wipe out profits or savings. 

Call Karla Salmon Insurance 

For more information about how you can better customize your insurance policy, give Karla Salmon Insurance a call today. It’s our mission to help you find the right coverage based on the risks that you face every day. We’ll ask you questions about your current security to get a sense of how you can make your organization safer from hackers. For more information about how we help business owners in Oviedo, FL, give us a call today!