Those that are in the Pinecrest, FL area are going to have a lot of insurance needs. A form of coverage that all people should consider obtaining is umbrella insurance. When you do get an umbrella plan, it is going to provide you with more blanket coverage to offset your personal liability risks. There are various reasons that someone should obtain this form of insurance. 

Protect Against Serious Claims

A reason that you should get an umbrella insurance plan in Florida is so you can protect yourself against serious claims. If you have an auto or home coverage plan, you will have liability protection up to your policy limit. While this is more than enough in most situations, if there is a major accident that comes with serious damages it could exceed your policy. In these cases, you will want to have an umbrella plan to offer coverage on top of your base policy. 

Protect Against More Risks

You also should consider getting an umbrella plan to receive protection against more risks. A primary advantage of umbrella coverage is that it provides you with broad coverage and protection. With this type of coverage, you can receive protection for a wide range of liability risks. Many of these would not be covered by your existing home or auto insurance plans. 

As you are looking to build your personal insurance plan in the Pinecrest, FL area, getting an umbrella plan should be considered a necessity. When you are assessing your options here, Hamilton Fox & Company Inc. can provide you with the support needed to evaluate your options and build an appropriate plan. Hamilton Fox & Company Inc. is able to do this by taking a personalized approach and giving customized guidance. 

When you have a business of any size, it’s important to have workers’ compensation insurance, often called workers’ comp, for your employees. In Florida, your business must get workers’ comp for its employees if you have four or more workers. They can be either part-time or full-time. An exception is for the construction industry which requires it for all companies and employees. If your business needs workers’ comp coverage, call us now at Hamilton Fox & Company Inc. in Pinecrest, FL.

Medical Bills

When you have employees, it’s possible for them to be injured on the job. Unless they are working from home, this means that you can be held liable for the injury that happens in the workplace. The same is true for work-related illnesses that they get from being at work. The medical bills that result from such an injury or illness will have to be paid, and if you have workers’ comp insurance, it will be the policy that pays those bills.

This protects your business by making funds available for those medical bills so that your business won’t have to come up with them. It is also helpful because it generally means that the worker can’t sue you, as the policy pays for the bills. The insurance also pays for things like lost wages and some legal costs that may come up. 

Protection for Employees

This type of insurance is needed to protect your business, but it also provides protection for your employees. If they should become sick or injured at work, they are guaranteed that there will be money there to pay the medical bills and other expenses. It also helps that they won’t have to sue the employer to get what they need for those bills. 

Get Workers’ Comp

If you have four or more employees, or you are in construction, don’t go without the mandated workers’ comp coverage. Give us a call at Hamilton Fox & Company Inc. in Pinecrest, FL.

Farm insurance is a complex hybrid type of insurance. Farms are businesses but they are also homes in most cases. All the different parts need to be protected. The insurance that you need to protect your farm should be tailored to your particular needs and having an independent insurance agent that understands the risks farmers face every day is vital. At Hamilton Fox & Company Inc. in Pinecrest, FL, our roots go back 70 years. We believe in exceeding the expectations of our clients and work with them to create a customized insurance solution for their needs. 

Home insurance

You have a home on your farm and it needs to be covered the same way that any home is covered. You will have property insurance, content coverage, and liability protection. The property protection covers a detached building like a shed or garage and your lawn and trees, but only plants that are not grown for commercial purposes. 

Farm insurance

Farm insurance covers personal property that is directly related to the farming you do. This includes:

Machinery

• Tractors
• Combines
• Hay rakers
• Planters
• Other equipment specific to your farm

If you have a farm truck, it is possible that you will be able to bundle a commercial auto insurance policy into your farm policy, 

Livestock

Livestock is covered against basic perils under a standard farm policy. You have the option to add more extensive coverage that covers many more things that could happen to your livestock. Horses require additional coverage from standard farm animals. 

Farm Products

Feed, grain and similar products are covered while they are being stored, not in the field.

Farm Liability

Liability is standard on all farm policies and covers the same types of things that commercial liability would cover, including legal fees. 

Contact Hamilton Fox & Company Inc. in Pinecrest, FL for help with your farm insurance needs. 

Did you know that your home insurance doesn’t cover your Pinecrest, FL home against flood damage? For this reason, you need flood insurance from Hamilton Fox & Company Inc. for optimal protection. But what is flood insurance? What does it cover? If you need answers to these questions, read through our FAQs section below. 

What does flood insurance cover?

When you buy flood insurance Hamilton Fox & Company Inc. covers the below: 

Structure of your home: Did you know that a one-inch rise in water level can cause damage to up to $25,000? Floods can cause unspeakable damage to your structure. As such, you need flood insurance to cover your structure’s walls, floor, roof, and other fixed appliances.

Contents: Flood insurance covers not only the physical structure of your property but also its contents. Assets such as the following are protected: 

• Cabinets
• Applies
• Carpet and flooring
• Heating and air conditioning unit
• Electrical and plumbing system

 Is flood insurance mandatory?

No law in Florida requires flood insurance. However, private and government-backed mortgage lenders will deny you a mortgage when you fail to obtain flood insurance if you live in high-risk flood areas. 

What are flood insurance exclusions?

Your flood insurance coverage will not cover the following:

• Additional living expenses that you may incur as your home is undergoing repairs. These are covered under home insurance. 
• Damage caused by earth movement, even where floods are the cause.
• Moisture, mold, or mildew damages that the homeowner could have prevented.
• Loss of income in case of a business.

Since floods can strike anywhere, whether you live in low-risk or high-risk flood areas, you need flood insurance for protection and peace of mind. Please don’t wait to face the consequences when it’s too late. Instead, connect with Hamilton Fox & Company Inc. in Pinecrest, FL for an affordable flood insurance quote.  

Hamilton Fox & Company Inc. serves the Pinecrest, FL community, as well as the surrounding areas. We offer our clients custom insurance policies to help them prepare for any situation. Accidents can happen when you least expect them. That’s why we are committed to helping you find the coverage you need.

Is Workers Compensation Essential For Remote Employees?

Your Pinecrest, FL business is one of your most significant investments. In order for your business to thrive, you need great employees. Worker’s compensation insurance allows you to take care of your employees. The policy covers your employees if they are injured in the workplace. You are also protecting your business by making sure that your employees will not pursue legal action against you. Worker’s compensation insurance protects your employees by covering their medical treatment and rehabilitation. Having a strong workers’ compensation insurance policy can help you attract top talent.

If your employees perform remote work on a regular basis, you should add worker’s compensation insurance. Regardless of where your employee is working, if they are injured performing tasks related to the job, they are covered. If your employees are working from home or outside the traditional work environment, make sure that they are in a safe space. If your employees are working in an unfit remote environment, you may still be held liable. Worker’s compensation insurance is important because it reduces potential risks against your business while also helping you take care of your workforce.

Hamilton Fox & Company Inc. Will Help You Protect Your Assets

Visit our website to learn more information about workers comp insurance.

The Pinecrest, FL area has continued to be a great place to own a business. When you are going to start a business in this area of the state, you need to ensure that you get the right insurance for it. A type of insurance that all businesses should consider getting is workers comp insurance. There are several reasons why you should get this coverage here.

Protection for Employees

A key reason that you need to get a workers comp insurance plan is that it can provide protection for your employees. If someone is injured while they are at work you will want to ensure that they have the protection needed. With a workers comp insurance plan, they can get the coverage that can offset all related expenses including missed wages and medical bills. This coverage offers great protection for both the employees and the business.

Legal Requirement

For a business in Florida, having a workers comp insurance plan is also often a requirement. It is well known how much value a worker’s comp insurance plan can provide to someone. To ensure that employees all over the state are properly protected, businesses that have a certain amount of employees are required to carry this coverage at all times. 

A company that operates in the Pinecrest, FL area needs to make sure that they get proper insurance protection. When you are going to purchase a workers comp plan here, it is important that you speak with someone that understands this type of coverage. The team at Hamilton Fox & Company Inc. can help you build and choose a plan that is ideal for your situation. Hamilton Fox & Company Inc. is able to do this by assessing your business risks and building a plan accordingly. 

Owning a business in the Pinecrest, FL area is a great option. If you are going to start a business here, there are a lot of important decisions that need to be made. One important choice will come when you need to pick a business insurance plan. One type of coverage that you need to get is workers comp insurance. There are a few reasons why you need this coverage. 

Coverage Protects Employees

The main reason that you should obtain workers comp insurance for your business is that it can protect your employees. A good employee is the most valuable resource a company can have. Due to this, it is important that you protect them as well as you can. With a workers comp insurance plan, your team members will receive appropriate compensation if they are injured while working. 

Coverage is Required by Law

You will also want to get a workers comp insurance plan for your business here because it is required by state law. Similar to other states, Florida makes it required for many businesses to get a workers comp insurance plan as it provides protection for employees. The specific requirements vary based on your industry and the number of employees that you employ. It is important to know your specific requirements and to follow them. Those that do not comply could be penalized.

When you want to start a business in the Pinecrest, FL area, it is important to get proper insurance. One type of coverage you may need is workers comp insurance. The team at Hamilton Fox & Company Inc. can explain to you the benefits of this coverage and determine if it is needed in your situation. Hamilton Fox & Company Inc. can then help you build a policy that is right for your business. 

If you live in the city of Pinecrest, FL, you might be wondering about different types of insurance, such as boat insurance. If you want to know more about boat insurance, you should consider the expertise of an insurance agency such as Hamilton Fox & Company Inc.

It might be somewhat confusing to think about whether or not you should get boat insurance. The truth is that boat insurance is not a requirement in Florida, but this does not mean that you should forget all about it. If you end up having a mishap that results in damages to your boat and does not have boat insurance, you will likely have to incur great costs to replace it. Most of the time, homeowners insurance is not going to cover your boat or any medical bills that could need to be paid if anyone happens to be injured by your boat while it is operating or in storage.

Essentially, if you know that you would have to struggle to repair or replace your boat with out-of-pocket costs, you are in need of boat insurance. Boat insurance can cover a variety of events, such as damage that is caused by a collision, property damage to another watercraft or bodily harm to another person for which you are at fault, stolen or damaged equipment on your boat, towing of disabled watercraft, and other types of damage that could occur (in storage, in transit, or in the water).

If you reside in Pinecrest, FL, you should feel free to contact the professionals at Hamilton Fox & Company Inc. for information about boat insurance. They will be able to answer any questions that you might have and tell you what type of policy you should look for when you are in need of boat insurance.

Hamilton Fox & Company Inc. serves the Pinecrest, FL community, as well as the surrounding areas, through offering residents insurance coverage. For over 50 years, we have established long-lasting relationships with our clients. We proudly serve the community as an independent agency.

How Umbrella Insurance Covers Restaurants

Umbrella insurance is supplemental coverage that offers another layer of protection besides your traditional insurance policies. As a restaurant owner in the Pinecrest, FL community, you face multiple challenges involving the day to day operations of your business. Umbrella insurance can assist your business in multiple ways.

The primary cause for concern as a restaurant owner is a potential liability dispute. Liability coverage protects you if someone gets injured while visiting your restaurant. However, you have to plan for worst-case scenarios such as someone breaking a bone in a slip and fall accident or spoiled food causing one of your customers to get sick. These are potentially serious liability disputes. Umbrella insurance adds another layer of protection as you deal with the dispute.

Umbrella insurance also protects you if you are involved in a dispute with one of your employees. You may find yourself in a serious liability dispute due to one of your employees suffering a serious injury in the workplace. Perhaps you have to deal with allegations of wrongful termination or discrimination. These are serious issues that could potentially derail the long term future of your business. However, umbrella insurance will cover you during the process.

If you serve liquor at your restaurant, umbrella insurance is especially important. Your business may be held liable for any damages caused by a customer who was intoxicated due to you serving them alcohol. Umbrella insurance will help you cover your business from possibly suffering huge losses.

Hamilton Fox & Company Inc. Will Help You Prepare For The Unexpected

Visit our website today to learn more information about umbrella insurance.

When you are likely already purchasing a number of insurance policies to help protect your family and assets such as homeowners and auto insurance it may seem like overkill to purchase an umbrella policy, but the reality is it’s not. Otherwise known as excess liability insurance, an umbrella policy helps to supplement your existing liability coverage for everything from your auto to a homeowners policy. In short, your umbrella policy kicks in when you’ve exhausted your existing liability coverage and helps ensure your assets are safeguarded. 

For example, if you are in an automobile accident that involves multiple third parties being injured and are deemed to be at fault, then you can anticipate being on the hook for thousands and thousands of dollars in damages which can quickly surpass your existing liability coverage. In these situations, your umbrella policy kicks into gear to ensure that you don’t have to cover any excess damages that could leave you in financial ruin. When deciding how much umbrella coverage you need, it’s important to factor in the totality of your assets which could include homes, retirement accounts, investments, and savings. The higher your total assets the more umbrella coverage that you need. Additionally, take risk into account by factoring in your environment such as whether you have a dog that is prone to barking aggressively at strangers or have a pool that all the neighborhood kids use. Similar to your assets, the higher your risk the more umbrella coverage that you may need.

When it comes time to find the right umbrella insurance policy, let the professionals at Hamilton Fox & Company Inc. in Pinecrest, FL help. Not only will we take the time to learn about your needs, but also we’ll customize a policy that makes the right sense for you and your family.