Category: Commercial Insurance

Umbrella insurance can provide you with additional coverage to ensure that you’re covered in the event your regular policies can only cover a portion of a car accident, home damage, or something else entirely. However, if you’re currently searching for umbrella insurance, you may not know exactly what umbrella insurance is. Does it cover business owners? Does it cover everyday individuals? As it turns out, it covers both. Let’s take a closer look at both options and how you can ensure you have the right amount of insurance coverage with the team’s support here at 925 Partners in Jacksonville, FL.

Commercial Vs. Non-Commercial Umbrella Insurance

So, how does umbrella insurance vary depending on who’s applying for it? It’s quite easy to break down. Here’s what you need to know when you’re shopping for umbrella insurance for yourself.

• Commercial Umbrella Insurance: Commercial umbrella insurance is designed for those who operate their own businesses. These policies can add additional coverage, which can come in handy if property is damaged, customers are injured, or workers get sick or hurt on the job.
• Non-Commercial Umbrella Insurance: Non-commercial umbrella insurance is designed for the everyday person, providing additional coverage whether someone wants additional coverage to protect their car or their home.

Get the Coverage You Need With the Help of 925 Partners

Umbrella insurance can be a useful addition regardless of whether you’re a business owner or an average person looking to ensure that any damage or liability doesn’t exceed the amount your current policy can cover. Are you looking for additional coverage? We at 925 Partners in Jacksonville, FL are ready to help you find the right umbrella insurance policy for your needs. Please request a quote from us today.

Commercial transportation insurance may not seem necessary for many businesses. However, when it comes to shipping goods, its necessity becomes undeniable. Cargo being transported from one place to another is often expensive, encapsulating an entire inventory of goods. Without proper coverage, the cost of damaged cargo could soar to astronomical levels. Here at 925 Partners, we understand that transporting goods to Jacksonville, FL, can have substantial repercussions for both the shipper and the receiver.

What Constitutes “Damaged Cargo”

Many people believe that coverage only extends to cargo damage resulting from a crash. This, however, is not entirely accurate. In reality, damaged cargo includes a wide range of accidental incidents, such as improper handling, theft, and natural disasters.

Commercial transportation insurance will protect you if you face any unfortunate situations. Cargo damage can lead to potential revenue loss, tarnish a company’s reputation, and escalate overall costs. Commercial entities don’t need to fret; they can contact our offices in Jacksonville, FL, today.

What Does Commercial Transportation Insurance Cover?

Commercial transportation insurance encompasses more than just damaged cargo. It also extends to other factors associated with damaged goods. This includes the cost of filing claims for the vehicle, investigations in case of theft, and expenses incurred for repairs and replacement of goods. In summary, commercial transportation insurance can help shoulder the costs of repairing and replacing goods.

The Bottom Line

While avoiding commercial transportation insurance may save companies short-term monthly costs, it can substantially impact their bottom line in the long run. A single cargo vehicle accident can cost the company thousands of dollars. To mitigate this potential financial loss, it is prudent for businesses to find suitable coverage. Our team at 925 Partners can assist with discussing policies, coverage, and more. All you need to do is contact us today.

If you own a business that relies upon the use of fleet vehicles, you need to ensure you have the proper amount of insurance coverage. Learn about commercial transportation service coverage. Then contact a representative at 925 Partners. An agent serving Jacksonville, FL, will recommend commercial insurance products that protect your fleet vehicles.

Liability Insurance

Each of your vehicles should be equipped with liability coverage. If one of your fleet vehicles is involved in an accident, the liability coverage will pay for costs associated with the damage. Liability insurance covers any damage that is your or one of your fleet drivers’ fault.

Comprehensive Coverage

A comprehensive insurance policy will pay for repair costs that you incur. The coverage will pay for damage that another driver caused. The coverage will also handle repairs to physical structures or any other item damaged during a vehicular accident.

Insurance Claims

You will need to file a commercial insurance claim if any of your vehicles are ever involved in an accident. A claim should be filed soon after an accident occurs. The claims process will be outlined in your insurance paperwork.

Updates

If you decide to purchase new fleet vehicles, you will need to have modifications made to your existing commercial transportation service insurance policy. Updates should be done whenever you sell or buy a fleet vehicle.

Contact 925 Partners in Jacksonville, FL

Feel free to contact an agent at 925 Partners. An agent who serves Jacksonville, FL, will handle all your commercial vehicle insurance needs. They will consult with you first. Then, they will prepare your insurance documents.

The commercial transportation industry continues to be very important as it involves the trucking and shipment of products all over the country. For those in the Jacksonville, FL area, this can be a great business to be in. However, there are always risks that come with being in this industry. One way to protect a business in this industry is by getting a commercial transportation insurance plan, which offers several benefits. 

Protect Assets

A company in this industry will own many assets, including trucks, moving equipment, and other materials. When you have a commercial transportation insurance plan, you will have coverage to protect these assets. This can include ensuring you have coverage if you are involved in an accident or incur a loss due to theft or vandalism, which requires a repair or full replacement of these core assets. 

Liability Risk Mitigation

A commercial transportation insurance plan will also help you reduce liability risks. In this industry, a company takes on many liability risks, including the risk that an accident occurs on the road, loss or damage of cargo, and various other types of liability risks. When you are insured with a full commercial transportation insurance plan, it will provide coverage so you can cover any damages that arise. 

In the Jacksonville, FL area, a commercial transportation insurance plan is essential for anyone that operates in this industry. When you select a plan, it is very important to choose one that is right for your situation. Fortunately, our team at 925 Partners can always help. When you call our team with 925 Partners, you will get the support you need to build a plan to protect your business and assets. 

When truckers drive without a trailer, called bobtailing or deadheading, they must carry a special type of insurance that covers this. Without a load in a trailer to weigh down, the trailer becomes more dangerous to drive and increases the risk of an accident, hence the extra policy.

If you haul for a Jacksonville, FL company instead of independently, you might expect the trucking company to pay for the bobtail policy. Instead, the companies typically require drivers to purchase bobtail coverage through an insurer like 925 Partners. Independent truckers should carry this vital coverage even if the trucking company they contract with does not require it.

What is Bobtail Insurance?

The term bobtailing refers to a truck without a trailer attached driven by a truck driver under the authority of a third-party trucking company. Bobtail insurance adds liability coverage that protects the driver and company from financial loss in case of an accident. The insurance only kicks in when the driver has no trailer attached to the cab but operates the truck.

Why Buy Bobtail Insurance? 

While a driver has a trailer attached with a load inside, they’re on the job, and the trucking company insurance covers property and liability. Once the truck driver drops off the load, they’re considered off work. The trucking company’s insurance stops covering them once they’re off the clock.

This creates a coverage gap that only bobtail insurance covers. Each truck driver purchases their own bobtail policy.

If you’re operating a truck with the help of someone else’s trucking authority, the insurance that your motor carrier or trucker’s liability only helps if you have a trailer in tow or if you are working on dispatch. For all other possible scenarios, it’s best to have coverage for yourself as an individual.

This differs from non-trucking insurance. Contact 925 Partners, serving Jacksonville, FL for more information on adding bobtail coverage to your trucking policy package.

Carrying adequate commercial transportation insurance is essential to those who run a business that depends on commercial vehicles to provide transportation services. You must carefully consider coverage amounts and know how to look for signs that you need more commercial transportation coverage. 

The following are three signs that you’re not carrying enough commercial transportation insurance. 

You’re stressed out about your commercial transportation insurance coverage. 

You can always raise maximum coverage for your commercial transportation insurance policy if you’re worried about having enough coverage. It may give you peace of mind to increase your insurance coverage so that you know that you’re not putting your company at risk financially due to inadequate maximum coverage limits. 

You don’t have enough collision and comprehensive coverage to cover the full value of your fleet.

One of the most significant amounts to consider when calculating your commercial transportation insurance coverage needs is the value of your fleet.

Consider whether you have enough coverage to cover the total value of your fleet. If your coverage maximizes the value of your fleet, you should have enough collision and comprehensive coverage on your policy. 

You’re not carrying enough commercial transportation insurance to cover the full value of your cargo.

If your commercial transportation company is in the business of transporting cargo, make sure your policy can cover the value of your cargo. The clients you transport cargo for will hold you liable if their cargo is destroyed en route while you have that cargo. You must protect yourself with adequate insurance coverage to cover cargo value. 

We provide commercial transportation insurance coverage in Jacksonville, FL at 925 Partners. Contact us via email or phone if you have questions about your coverage needs. 

Flooding is a serious problem for home and business owners in Jacksonville, FL. The available flood insurance comes with a 30-day waiting period which might not be helpful if flooding occurs during the waiting period. One of the most common challenges among many homeowners is checking whether their property is in a flood zone. If this is your problem, you’re at the right place. This article will outline various ways you can use to check whether your property is in a flood zone or not.

Check the FEMA flood maps

The Federal Emergency Management Agency (FEMA) has a tool that makes it easier to check whether your home is in a flood zone or not. The flood map shows critical information like floodways, zones and risk levels. The map labels specific areas around your property as areas of minimal flood hazard or annual chance of flood hazard.

Ask your flood insurance provider

Your flood insurance provider already knows your flood risk level. At 925 Partners we require your flood risk information when you buy flood insurance for the first time. In most cases, this information helps to determine your insurance rates.

Track changes in topography

With the growing economy, construction and changes in flood plains and topography, flood zone designations can change over time. If your home was marked as a low-risk flood area five years ago, the changes in your neighborhood could change for the worse.  Check different projects in your area and assess how they affect flood risk levels.

Hire a professional

Reading maps is not enough to determine your flood risk, as they change regularly. Consider hiring a property expert to check the property using the right tools and expertise. It’s even more critical if you suspect you’re buying a property in a high-risk flood area. A licensed surveyor can advise you accordingly or get the home elevated above the flood level.

Need more information about flood insurance or flood risk levels in Jacksonville, FL? Contact 925 Partners for all your flood insurance needs, and we will be happy to help you.

Are you in the trucking business? While you are doing everything to navigate this line of business, you need commercial transportation insurance to cushion your business against numerous risks in this industry. Want to learn more about transportation insurance? Don’t worry, because 925 Partners of Jacksonville, FL got you covered when it comes to commercial insurance needs.

What is transportation insurance?

As mentioned, this insurance coverage covers small businesses and owner-operators in the trucking business. You don’t need to have a fleet of trucks to invest in transportation insurance. Even if you have one or two trucks, transportation insurance is pivotal for your business.

Generally, you need transportation insurance if you are:

• An independent own-operator or truck driver
• Commercial transport/logistics business
• You operate in any business that has trucks, drivers, and transportation

From a single truck to a fleet of trucks, commercial transportation insurance is not only legally required but cushions your business against multiple risks.

What does transportation insurance cover?

Here are the areas covered by transportation insurance:

• Physical damage: Like standard auto insurance, transportation insurance has collision and comprehensive coverages to protect your trucks against risks like accidents, fire, theft, and other hazards listed in your policy.
• Liability coverage: Since trucks are heavy, the liability claims can be pretty significant if you are at fault for an accident. The liability insurance covers you when accused of property damage and bodily injury. It also covers you when sued.
• Non-trucking coverage: Transportation coverage covers you when your trailer isn’t transporting goods. For instance, bobtail insurance covers the truck after goods have been delivered or when using the truck for personal reasons.

There are plenty of other areas covered by transportation insurance. To learn more about this coverage, please contact 925 Partners. Else, you can pass by our Jacksonville, FL offices to chat with one of our agents.

Are you a business owner in the Jacksonville, FL area? If so, it’s important that you consider getting business insurance. What is business or commercial insurance? This is important insurance that protects you from liability and financial loss in the event of a lawsuit. 

Not My Fault

Sometimes lawsuits arise out of something that is no fault of your own. Even if you do everything right, there is a possibility of injury or damage to others or their property when you create a product or perform a service for them. How do you protect yourself?

What Commercial Insurance Covers

Good commercial insurance in Jacksonville, FL should cover the following (to comply with insurance laws):

• Property damage: covers damage to others’ property as a result of your products or services
• Commercial Auto: covers accidents resulting in damage to your company vehicles or accidents involving others’ property
• Workers’ compensation (required in Florida): covers workers’ compensation claims that result from company actions or conditions or that occur at work

Why You Need It

If you have a business that works with others’ property such as vehicles, recreational equipment, real estate, or other properties, it can be quite costly if you damage someone’s property.

Commercial auto coverage will cover you in the event of an accident that damages your company vehicle or other vehicles that you are using under your business name.

Workers’ compensation is required coverage in Florida, so you should always carry this.

About Liability Insurance

Liability insurance for your business is just as important as an auto liability. This type of insurance pays for damages, injury, and loss of another person who proves that your company’s actions caused their loss or injury. This is necessary insurance to protect your assets.

Start Here

One company you should check out to learn more about this type of insurance is 925 Partners in Jacksonville. They have all of the types of commercial insurance that you need to protect your company from the unexpected.

When you worry about what the future might bring and need to protect your business from liability contact 925 Partners and rest easier. 

Whether you own a small business or a larger company, you’ll need to have some level of commercial insurance. It can be a good idea to know some of the basics before you shop around for your insurance provider and the specific policies you want or need. The team at 925 Partners of Jacksonville, FL, and the surrounding area can provide you with many of these answers, though there are some terms you should know in advance.

Business Owners Policy (BOP)

This is a package policy with liability and property insurance combined so that small business can spend less when they have to get multiple policies.

Business Interruption Insurance

This is put in place if your business needs to shut down, and it’s because of a covered loss reason. The coverage typically will reimburse for the expenses you’d have if your business had continued operations.

Commercial Auto Insurance

Commercial auto insurance provides coverage to your employees and company’s vehicles if there’s been injuries and/or damage. It does not matter if these automobiles are owned, rented, or leased. The policy also covers any passengers at the time.

Employer’s Liability Insurance

This protects an employer if their employee files a lawsuit after being injured in the workplace or while conducting work duties. Workers’ compensation benefits don’t allow much room for the employee to sue after such an injury.

General Liability

This is a broader version of the employer’s liability. The company can be held liable for injuries or damages to another party while on the premises (as well as those that occur from company property or employees during their assigned work duties off the premises).

Loss Control

A means for a company to help minimize how much loss they experience.

Named Peril

A hazard or event that is listed and covered by your policy – in many instances, a certain type of policy will only cover those that are clearly outlined in your insurance policy document.

It’s much easier to sign up for commercial insurance with the help of experts. Talk to someone at 925 Partners of the Jacksonville, FL area, and you won’t be disappointed.