Month: November 2022

4 Reasons Why Obtaining Contractors Insurance Is Necessary

To work as an independent contractor places you in the position of manager. It doesn’t matter whether you own the company outright or are one of several partners; you still hold a leadership position.

While there are many benefits to being a contractor, there are also many obligations. Buying appropriate contractor insurance is one. It’s not just good business practice; it’s a legal necessity to shield your company, employees, and clients from potential harm.

Read on to learn the four compelling reasons for securing insurance for your contracting business.

1. To Shield Your Company From Any Legal Action

As a business owner, you always seek ways to protect your company from legal action. One way to do this is to have contractors’ insurance. It will help to cover the costs of any legal fees that you may incur if another party sues you.

Also, you will want to make sure you choose a policy that covers all potential risks your business faces. You should also ensure that you get the best price for your policy.

2. Safety of Your Staff

You must look out for your staff members’ well-being and ensure they are safe. It includes shielding them from potential dangers that may arise while on the job. Having contractor insurance is one method for accomplishing this goal.

There is always the possibility of getting hurt on the job, but this is especially true for high-risk contracting professions like roofing, where even the slightest misstep might have catastrophic consequences.

If you don’t have workers’ compensation insurance, the injured worker can sue you for their medical expenses and lost earnings. Protecting your employees can help ensure they can do their jobs safely and effectively.

3. Safeguard Yourself Against Monetary Losses

You are always at risk of financial losses due to unforeseen circumstances. It is essential to have contractors’ insurance to safeguard yourself against potential monetary losses. One of the most common losses contractors face is equipment damage. You may not be able to complete your work and could lose out on payment. Contractors’ insurance can help to cover the cost of repairs or replacement of your equipment.

4. Promotes the Acquisition of Contracts

Securing contracts is one of the most significant things you can do for your company. It is how you attract new customers and maintain a constant flow of income. You may not know that being insured as a contractor might help you win more business.

The potential client will ask for insurance proof when bidding on a new contract. They want to know that you are protected in the event of an accident or damage to their property.

By having contractors’ insurance, you show that you are a responsible business owner prepared for any eventuality. It can give you a competitive edge over other businesses without insurance and ultimately lead to more contracts.

Conclusion

Insurance for contractors is crucial for many different reasons for businesses. Businesses can benefit from this coverage since it helps safeguard them against many risks, including monetary losses incurred due to accidents, injuries, or property damage. While the price of this insurance can be significant, its protection can be well worth the investment.

Are you searching for contractor insurance in Fort Myers? Check out Bassine Insurance! As your company evolves, so can we; we can extend and modify our product offerings accordingly. If an accident occurs, our claims department will work tirelessly to get your company back in operation as soon as possible. Our general contractors’ insurance policy is highly comprehensive. Call for a quote today!

What are the Most Important Benefits of a Commercial Property Insurance?

Commercial property insurance is a type of insurance that provides coverage for businesses and their properties. This type of insurance can provide a business with protection in the event of a fire, theft, or other types of disaster.

Several important benefits can be obtained through commercial property insurance. Some of the most important benefits include the following:

The Protections

One of the most important benefits that can be obtained through commercial property insurance is the protection it can provide for a business’s property. This type of insurance can help to cover the cost of repairs or replacement for a business’s property in the event that a fire, theft, or other types of disaster damage it.

Another important benefit that can be obtained through commercial property insurance is the protection it can provide for a business’s employees. This type of insurance can help cover medical expenses for a business’s employees in the event that they are injured while on the job.

Finally, there is the protection it can provide for a business’s customers. This type of insurance can help cover the cost of damages that a business’s customers may suffer due to a fire, theft, or other types of disaster.

Potential Tax Benefits

There are several potential tax benefits that can be obtained through commercial property insurance. This type of insurance can help reduce the amount of taxes a business owes on its income. Additionally, this type of insurance can help reduce the amount of taxes a business owes on its property.

General Policy Costs

As a business owner, protecting your investment with commercial property insurance is important. This type of policy can safeguard your business in the event of damage to your building or contents and can even protect you in the event of a liability claim.

The cost of a commercial property insurance policy will vary depending on the size and type of business that is covered. Additionally, the cost of a policy will vary depending on the amount of coverage that is purchased.

Generally speaking, the cost of a commercial property insurance policy will be relatively low compared to the cost of other business insurance policies. This is because the coverage provided by a property insurance policy is relatively broad.

For example, a commercial property insurance policy may cover the cost of repairs if your building is damaged by a fire or severe weather. It may also cover replacing damaged contents, such as office furniture or inventory. If someone is injured on your property, your commercial property insurance policy may also cover their medical expenses.

Ultimately, the cost of a commercial property insurance policy will depend on the specific coverage that you purchase. Be sure to work with an experienced insurance agent to determine the right coverage for your business.

To Sum Up

There are a number of important benefits of commercial property insurance. It can help protect your business from a variety of risks, including fire, theft, and vandalism. It can also help you recover from losses if something does happen. Commercial property insurance can be a valuable tool for protecting your business.

Bassine Insurance is the best business insurance agency in Fort Myers. We offer a wide range of insurance products. Get in touch with us.

Tips to Save Money on Your Next Car Insurance Policy

In almost every state, it’s illegal to drive without car insurance. And if you cause an accident, having car insurance can help protect you from being sued by the other driver or their passengers.

As the cost of living increases, many people are looking for ways to save money. Your car insurance is one area where you can save significant money.

Here are effective tips to help you save money on your car insurance:

1. Consider Raising Your Deductible

Your deductible is the amount you must pay before your insurer starts paying for damages resulting from a car accident. Your deductible is set at $500 for the first year, which increases by $100 yearly.

A few factors to consider if you raise your annual vehicle insurance policy deductible. The main consideration is whether the increase will save you money in the long run.

Moreover, if you increase your deductible, you will have to pay a higher premium for your policy. However, if you have a lower collision score, the increased premium may be worth it. This is because it will also reduce the money you have to pay out in claims.

2. Bundling Your Car Insurance With Other Insurance Policies

Car insurance rates have been rising recently, so bundling your policies is a great way to save money. You usually have to get all your insurance from the same company. Bundling your car insurance with other insurance policies, such as your homeowner’s insurance, can save you money on your premium.

In addition, insurance companies offer discounts for customers who “bundle” their policies because it reduces the company’s marketing and administrative costs.

You must bundle multiple policies to get the biggest discount, such as your car, homeowner’s, life, and health insurance. Also, you may get a discount if you have multiple vehicles by insuring them with the same company. And if you have a teenage driver in the family, you may get a discount by having them join your policy.

3. Review Your Coverage Periodically

Car insurance policies typically have a coverage period of six months, but this can vary depending on the insurance company. It is essential to check with your insurer to check if you are still covered and receive the benefits you expect. Also, check if there are any changes you need to make to continue receiving the policy’s benefits.

Consider dropping collision or comprehensive coverage if your car is not worth much. Finally, ensure you are not paying for any extra coverage you no longer need, such as rental car reimbursement or towing coverage.

Conclusion

Car insurance is not a “set it and forget it” type of budget item. It is one of the most significant expenses you will face. However, knowing how to save money on car insurance can protect yourself and your family from unforeseen financial burdens. You can use the tips above to help you save money on car insurance.

If you’re looking for a car insurance agency in Fort Myers, Bassine Insurance is the best option for you! We offer car insurance that provides event coverage while the vehicle is being driven. Contact us now! We’ll be happy to answer any questions you may have about our car insurance and other service options.

What Mobile Homeowners Need to Know About Insurance?

Like any other home, a mobile home can be damaged or destroyed by fire, wind, hail, or other disasters. And, if you have a mortgage on your mobile home, your lender will likely require you to have insurance.

Continue reading to need to know about mobile home insurance!

What Is Mobile Home Insurance?

Mobile home insurance is a policy that provides financial protection against physical damage or loss to a mobile home. However, it only covers the dwelling itself, not the land it’s on. You may need to get separate insurance policies for the land your mobile home is on and the house itself.

Mobile homeowners must understand the types of coverage available, how to acquire coverage, and what to do if they have a claim.

How Does a Mobile Home Differ from a Manufactured Home and a Modular Home?

A mobile house is a structure made in a factory and built on a permanent frame so that it is portable and may be transferred from one location to another.

A manufactured home is a sort of prefabricated dwelling created in a factory and then delivered to its final location. “Manufactured home” refers to single-family and multi-family homes (made in factories and shipped to their sites).

A modular home is a prefabricated housing with built-in modules or sections that are then transported to the site where it will be occupied. These are comparable to manufactured homes but are often more expensive because they are custom-built.

What Types of Mobile Insurance Coverage Are Available?

1. Property Damage Coverage

This coverage will protect your mobile home from any damage caused by fire, wind, hail, or lightning. It will also cover any damage caused by vehicles or falling trees.

It is critical to analyze the different options to choose the policy that best matches your needs. Consider the type and amount of coverage you require and the deductibles and premiums.

2. Personal Liability Coverage

Personal liability insurance protects against claims arising from injuries or damage caused by the policyholder. It can also protect against claims arising from defamation, false arrest, and invasion of privacy.

How to Get Insurance for a Mobile Home?

There are a few different ways to get insurance for a mobile home. The most common way is to purchase a policy from a private insurer. You can also look online for companies that offer mobile home insurance.

Once you find a few potential companies, you can compare their rates and coverage options to find the best one for your needs.

What to Do If They Have a Claim?

If your home is damaged, you should file a claim with your insurance company as soon as possible. Insurance companies have different processes for filing claims, so it is essential to know your company’s specific process.

Generally, you will need to submit a written claim form and supporting documentation, such as photos or receipts. The insurance company will then investigate the claim to decide whether or not the damages will be covered. If the insurance company denies your claim, you may be able to appeal the decision.

Conclusion

As you can see, there are a few things to consider when purchasing mobile home insurance. Make sure you shop around and compare rates from different companies before deciding. Researching can get the best coverage possible for your mobile home.

Bassine Insurance is a mobile home insurance agency in Fort Myers Beach, Florida. They offer insurance services for mobile homes, manufactured homes, and other residences. Contact us now to request a quote!

7 Important Benefits of Homeowners Insurance You Should Know

Homeowners insurance is one of the most important types of insurance to have. It protects your home and belongings in the event of a covered loss, such as fire, wind damage, or theft. It also provides liability coverage if someone is injured on your property. There are many different benefits of having homeowners insurance, and the coverage can vary depending on the policy. Here are the top 8 benefits of homeowners insurance:

1. Financial Protection in the Event of a Covered Loss

One of the most important benefits of homeowners insurance is that it provides financial protection in the event of a covered loss. If your home is damaged or destroyed by a covered event, such as a fire, your homeowners insurance policy will help pay to repair or replace it. This coverage can give you peace of mind knowing that you will not be left financially burdened if your home is damaged or destroyed.

2. Coverage for Your Personal Belongings

Another important benefit of homeowners insurance is that it provides coverage for your personal belongings. If your home is burglarized or damaged by a covered event, your homeowners insurance policy will help pay to repair or replace your belongings. This coverage can give you peace of mind knowing that your belongings are protected.

3. Liability Protection If Someone Is Injured on Your Property

Another benefit of homeowners insurance is that it provides liability protection if someone is injured on your property. If someone is injured on your property and you are found legally responsible, your homeowners insurance policy will help pay for their medical expenses. This coverage can give you peace of mind knowing that you are protected if someone is injured on your property.

4. Coverage for Additional Living Expenses If Your Home Is Uninhabitable Due to a Covered Loss

Another benefit of homeowners insurance is that it provides coverage for additional living expenses if your home is uninhabitable due to a covered loss. If your home is damaged or destroyed by a covered event, your homeowners insurance policy will help pay for your additional living expenses, such as hotel bills and restaurant meals. This coverage can give you peace of mind knowing that you are protected if your home is uninhabitable due to a covered loss.

5. Discounts on Your Premium If You Have Certain Types of Home Security Devices

If you have certain types of home security devices, you may be eligible for a discount on your homeowners insurance premium. For example, if you have a home security system, you may be eligible for a discount of up to 20% on your premium. If you have a smoke alarm, you may be eligible for a discount of up to 10% on your premium. If you have a deadbolt lock, you may be eligible for a discount of up to 5% on your premium.

6. Flexibility in Choosing Your Deductible

When you purchase homeowners insurance, you will have the option to choose your deductible. Your deductible is the amount of money you will have to pay out-of-pocket before your insurance policy kicks in. You can choose a deductible that best suits your needs and budget.

7. The Peace of Mind That Comes With Knowing You Are Protected

Homeowners insurance can give you peace of mind knowing that you are protected in the event of a covered loss. If your home is damaged or destroyed by a covered event, your homeowners insurance policy will help pay to repair or replace your home. If you are sued for damages caused by your negligence, your homeowners insurance policy will help pay for your legal defense. If you are the victim of a crime, your homeowners insurance policy will help pay for your losses.

Conclusion

There are several benefits to having homeowners insurance. It can protect your home and belongings from damage or destruction, help you cover the costs of repairs or replacement, and give you peace of mind in knowing that you and your family are protected. Homeowners insurance is an important part of being a responsible homeowner, and it is worth the investment.

Bassine Insurance Agency offers a variety of insurance products to suit any budget. If you’re looking for homeowners insurance in Fort Myers, we can provide you with several options. Our team of professional insurance brokers has the experience and knowledge to get you the best possible quotes. Request a quote today!