Your home represents so much more than four walls and a roof. It is where you create memories and share times with your family and friends. It is a destination that sets itself apart because it truly is your special space. With the personal connection that is forged with your home, it is important to protect it. But what kind of protection should you consider? One home owner’s insurance option is flood insurance. And when you live around Pinecrest, FL the team at Hamilton Fox & Company Inc. can help walk you through the process of selecting the right insurance policy.

Why Flood Insurance Is Important

Your regular home owner’s insurance likely doesn’t cover flooding. Some forms may have a burst pipe included in the traditional insurance policy, but chances are it doesn’t. Plus, with the amount of rain the area receives, it is a good idea to protect your home in the event of flooding. 

Protect Your Home

If your home does flood it is extremely expensive to repair it out of pocket. This is because it isn’t just a matter of removing the water. You will likely need to strip away everything that came in contact with the water to avoid the development of mold. This can cost tens of thousands of dollars. Avoid paying this out of pocket with the aid of flood insurance. 

There is no cookie-cutter insurance policy when working with Hamilton Fox & Company Inc. The company helps you find the insurance policy that fits your personal household needs. However, flood insurance is highly recommended when living around Pinecrest, FL due to the amount of water and the threat of hurricanes throughout the year. Whatever your needs are though, you can have your questions answered with a single phone call. 

Commercial insurance is a category of insurance that includes many types of insurance. Every business is slightly different. By working with your agent at Hamilton Fox & Company Inc. serving Pinecrest, FL and the surrounding area, you can get a customized insurance solution designed to adequately protect your business.

The choices for commercial insurance include:

1. Workers’ Compensation: Protection for workers if they are injured while on the job.
2. General Liability: Protection against regular business liabilities.
3. Professional Liability: Special protection for errors made by professionals.
4. Property and Casualty: Protection for real and personal property owned or leased by the business.
5. Commercial Vehicle Insurance: Protection for a vehicle used for the business.
6. Product Liability: Protection against liability risk caused by problems with products.
7. Business Interruption: Protection against financial loss caused by catastrophic events that prevent a business from operating.
8. Key Person Life Insurance: Protection for the surviving partner who owns the business with another partner who dies or becomes permanently disabled.
9. Specialty Policies: Protection against unusual risks such as cyber attacks, terrorism, and other risks.
10. Umbrella Insurance: Extends the policy limits of other policies and provides special protection that may include things like discrimination, defamation, and other lawsuits.

Commercial Insurance Based on Business Type

Here are a few examples of the commercial insurance needed to adequately protect these types of businesses showing the insurance needed by using the numbers from the list above.

• Bakery:1, 2, 4, 5, 6, 7 (optional 8, 9, 10)
• Doctor’s Office: 1, 2, 3, 4, 7, 10 (optional 5, 8, 9)
• Manufacturing Plant: 1, 2, 4, 5, 6, 7, 9, 10 (optional 8)
• Online Sales: 1, 2, 6, 7, 9 (cybersecurity insurance), 10
• Law Firm (professional partnership): 1, 2 3, 4, 7, 8, 9, 10 (optional 5,)

Conclusion

There are many combinations of commercial insurance that are assembled for the specifics of each business. Contact your agent at Hamilton Fox & Company Inc. in Pinecrest, FL to get a quote for commercial insurance that is suitable for your business by calling 800-263-1947.

 

Life insurance should not be a static thing. It should change and evolve as your needs grow or shrink. The life insurance that you need when you are 25 may not be the same amount that you need when you are 35, 45 or 75. How do you know when it is time to take a good look at your life insurance needs? If you live on or near Pinecrest, FL a visit to the office of Hamilton Fox & Company Inc. can provide the answers that you need to make an informed decision.

As a young person, you probably need less life insurance that you will need as you grow older. If you are single and don’t own a home, you likely have fewer obligations and you only need enough life insurance to pay off any debt you may have such as a car loan or credit card debt and to pay your final expenses.

As a 35-year-old you may have a family and a mortgage and you are at a time in life when you may need to have a lot more life insurance. You need to provide a security blanket for your spouse/partner and your children as well as paying off a mortgage and any other debt.

As a 45-year-old you may have to consider not only your own family but you may be helping aging relatives and you may be thinking ahead to the college tuition that your children will need. This may be the time when you need to reevaluate how much life insurance you have.

As a 75-year-old you may be alone or living with just one other person. You may no longer own a home and your requirements will have decreased. You still want to make sure that you provide for your significant other but the amount of support is likely not as high as it was when you were younger.

Making sure that your life insurance changes with the many seasons of your life is something that the agents at Hamilton Fox & Company Inc. would be happy to discuss with you. Why not give them a call at their office in Pincecrest, FL.

Owning a business comes with a significant amount of responsibility for a business owner or manager. One responsibility that a manager needs to take seriously is regarding their need for commercial insurance. While having commercial insurance does come with additional expenses, there are many benefits of having it in place that makes it a very good investment for any business.

Protects From Liability 

If you have your own business, you are taking on a certain level of liability every single time you sell a product or service. If someone happens to get sick or injured as a result of this, you could be found liable. In some situations, the damages could be significant enough to make your business insolvent. When you have a commercial insurance policy in place, it will provide you with liability insurance protection against this type of risk.

Ensures Compliance 

For a Pincecrest, FL area business, another benefit of having commercial insurance is that it will help to ensure that you remain in compliance with a variety of agreements and regulations. Businesses with employees will need to have workers compensation policies in place and companies that take out loans will also have commercial insurance requirements. When you get a full commercial insurance policy, you will be able to stay in compliance with these requirements for your company.

If you have a business in the Pincecrest, FL area, you should reach out to Hamilton Fox & Company Inc. to further discuss all of your commercial insurance options. The Hamilton Fox & Company Inc. team knows how to figure out what type of coverage is right for a business and they can then help you get into a policy that meets all of your needs. Ultimately, this will provide very valuable protection to your organization. 

Daycares are an important part of many family’s lives and provide high-quality care at a reasonable price. If you run a daycare in Pinecrest, FL and need help finding a policy for your company, let us at Hamilton Fox & Company Inc. explain how this type of coverage helps.

How Insurance Protects Your Clients and You

Daycare insurance is designed to not only protect your financial status but to ensure that your clients are safe and healthy while visiting. This type of commercial insurance is designed to provide payments for injuries and damage caused to your clients or your building.

This coverage protects your clients by paying them money instead of forcing them to pursue a lawsuit. By contrast, it protects you by keeping you from losing money in a lawsuit. Just as importantly, it helps to repair damage caused to your building by improper activities and actions.

Coverage Varies Based on Your Location

One interesting fact that could affect your daycare insurance is where your facility is located. For example, if you run a daycare center out of your home, your policy will vary because your home will be classified as a business and treated as such by your policy.

Conversely, operating a daycare center in an office building – or another commercial center – typically requires you to get a slightly different type of policy. The exact differences are mostly minor and mostly affect what items that you can ensure on your daycare property.

Find a Policy That You Like

So if you run a daycare center in Pinecrest, FL and want to insure yourself and protect your clients, please contact us at Hamilton Fox & Company Inc. We have many options for daycare centers like yours and will work to provide you with the best possible policy.

Floods are merely a fact of life for those who reside in Pinecrest FL and the surrounding regions. Residents of these areas often meet with Hamilton Fox & Company Inc. representatives to learn more about the options that are available to them. Did you know that there federal requirements in the region?

That’s right. Any community that participates in the National Flood Insurance Program must remain protected. The same goes for any local residents whose home has been backed by a federal loan. These two requirements essentially cover all citizens of the state of Florida, no matter the region.

These requirements are meant to protect those who reside in high-risk areas. Some homeowners may be able to skirt the federal requirements but they will need to apply for an amendment to do so. A licensed land surveyor and a registered professional engineer must look over the property before a letter of map amendment is issued.

The state of Florida itself does not require residents to purchase any flood insurance. It is important to note that these recommendations come from the federal government. Insurance companies that are located in the state of Florida must pay close attention to the statutes that have been enacted as well, as there are various laws that change on a consistent basis. 

This is how problems are avoided. Scheduling a consultation with local insurance agents is in your best interests. These meetings allow a Florida resident to learn more about their specific requirements and ensure that all federal regulations are being met. Even those who reside in non participating communities are urged to take a closer look at their current policies. 

To find out more about flood insurance requirements in Pinecrest, FL and the surrounding areas, be sure to contact Hamilton, Fox & Company Inc. as soon as possible. 

 

 

 

Florida law requires it, your employees deserve it, your company is worth it, and your business needs it. Workers’ Compensation is a big deal. It is a big deal when an employee has considerable medical expenses to be covered. It is a big deal in the eyes of the law and it is a big deal when it protects your business. It is also being forecast to become more expensive as one story reported:

 …with workers’ compensation being such a long-tail business, premiums collected today must cover losses 30 years into the future. As losses continue to climb, it is inevitable that insurance rates will need to increase in the future to offset those losses.

These are only a few of the issues that businesses working in places like Pincecrest, FL must contend with and a few reasons why having the right insurance partner just makes good business sense.

A Partner for Your Company’s Workers’ Compensation Needs

The industry you work in, the number of employees you have and even where you work will play a role in determining the best Workers’ Compensation plan not only for your business but also for your employees. At Hamilton Fox & Company Inc. we have helped companies of all sizes in and many industries get the right plan for their business and its people.

If you need Workers’ Compensation insurance, need to update your plan or have questions and concerns regarding your company’s coverage or plan, contact us today for help. Don’t get lost in the red tape, the workers’ compensation process or the struggle of dealing with your company’s insurance plan. Get help and get it right with the professionals at Hamilton Fox & Company Inc., here to make sure you, your business and your employees are covered.

 

Having the right type and amount of home insurance is the key to protecting your home and your financial future. People who own homes in areas where there is a higher risk of damage as a result of natural disasters must consider adding additional coverage to fit the circumstances. For example, people who own a beach home must make sure that they have enough coverage to repair or replace their home in the event of a tropical system or another type of storm. If the insurance you have isn’t enough, it may be time to consider umbrella insurance.

Umbrella Insurance Protection

Umbrella insurance is designed to add an additional layer of protection above the limits of your home insurance policy. In certain circumstance, you may not be able to acquire enough protection for any number of reasons. This can be especially true is the home is located in a perilous location such as a storefront or beach. Consult a qualified insurance company to find out if umbrella coverage is right for your special situation. 

Getting the Right Insurance Coverage

If you live in an area where you face a higher risk of incurring damage as a result of a natural disaster, then you may want to consider purchasing umbrella insurance so you don’t face financial losses due to inadequate insurance coverage. Consult a knowledgeable insurance expert such as Hamilton Fox & Company Inc. serving the residents in and around the Pinecrest, FL area. They can help you determine which coverage options are right for you.

Don’t risk loss due to a lack of coverage if you live in an area where you are susceptible to losses. Residents living in or around the Pinecrest, FL area can count on Hamilton Fox & Company Inc. to guide them when making an insurance policy purchase. Call or stop by the office for more details. 

.Boats are great for leisure activities and for water transportation. However, boats are relatively expensive investments that must be properly secured through reliable insurance coverage. While there are several boat insurance options out there, choosing the right policy is never a walk in the park. Hamilton Fox & Company Inc. can help you understand how boat insurance works in Pinecrest, FL, then you can choose what works best for your specific needs. Boat insurance works by providing the following protections:

Physical Damage Coverage

When cruising on the waters, your boat is faced with multiple risks like hitting another boat or obstacle. In case such damages occur, boat insurance will provide compensation for the cost of repair or even replacement of your boat in case of a total loss.

Liability Coverage

This coverage is more about other parties that you come in contact with as you ride your boat. If you happen to cause an accident with you boat and damage other people’s properties or inflict injuries to third parties, your boat insurance will cater for the losses. It covers legal fees when you’re sued and medical expenses for the injured persons.

Medical Coverage

Additional coverages like medical coverage can be included in your boat insurance. It caters for the medical expenses when you and your passengers are injured in a boat accident regardless of who is at fault. That way, you won’t worry about paying such high bills out of pocket.

Hamilton Fox & Company Inc. specializes in customizing boat insurance coverages that suit the unique needs of boat owners in Pinecrest, FL. Head straight to our website and learn about the several insurance options on offer. You can also give us a call and speak to one of our friendly agents.