Your business is your baby. You would do anything to protect it against harm, whether that be predicted or unpredicted circumstances. We can’t see into the future and give you a list of every possible challenge your business may face, but we are determined to help you choose the right kind of coverage so you know you are protected. Here is a list of common business insurance misconceptions, clarified.
“I don’t need to insure my personal car at work.” If you’re allowing an employee to run errands or make deliveries in your car, then your car has legally become a commercial vehicle and needs to be insured under commercial auto insurance. Your personal auto insurance won’t cover damages if anything happens while using your car for business-related purposes.
“General liability protection covers employees who are injured on the job.” General liability covers a range of things from personal injury to property damages, but it doesn’t cover the cost for employees injured at work. You need workers’ compensation coverage.
“Full coverage covers everything.” Unfortunately, every situation is unique in its own case, and some situations are not listed in the fine print. So, while the name may be misleading, always make sure to get the highest amount of coverage to protect your business from most situations.
“General liability coverage also extends to damages in commercial auto accidents.” While general liability coverage does cover the cost of bodily injury and property damage of others, it does not protect your business on the road. Car accidents are a whole other ball game that require a different policy in terms of coverage. If someone gets hurt while driving a commercial vehicle or if the commercial vehicle injures someone else, general liability won’t cover the damages.
“Flood damage is covered by business commercial insurance.” Florida is prone to hurricanes and nasty weather patterns. Flooding can be a business owner’s nightmare with all the costs in damages. It’s a real fear. So, don’t be lead to think that flooding is covered by your business insurance. It’s not. It is its own entity. Darr Schackow Insurance has flood insurance to protect your business from the dangerous costs a flood can cause.
“Flood insurance is available right from purchase.” Flood insurance is one of the few policies at Darr Schackow that is not immediately available for you. It takes 30 days until it’s effective. Florida business owners should anticipate flooding and be smart about insuring their business against it.
“Commercial auto insurance covers damages of cargo trucks.” So, this isn’t exactly false, but cargo trucks face a lot more danger than your average car, so they need higher coverage. These trucks are carrying material on the spectrum of harmful to dangerous that may violate pollution laws if anything were to happen on the road. Darr Schackow has unique trucking insurance that can formulate a policy related to your business needs.
For all your insurance needs, personal or business, Darr Schackow Insurance agents are available. Call 888-337-9322 or visit DarrSchackowInsurance.com for a free insurance evaluation.