Too many Miami Beach, FL companies make commercial insurance mistakes that sabotage the quality of their coverage. Let the tips from Assure-Us keep you from falling a victim to these mistakes.

Using Only General Liability For Fires

Commercial property insurance is necessary for protecting your business from fires. General liability just won’t cut it for this need. Frighteningly, this means you could end up with a destroyed business that you can’t rebuild with the help of insurance.

Poor Employee Benefits Liability

Ignoring employee benefits liabilities is a major mistake because it can put your employees in a troubling financial situation. Talk to your policy provider to learn more about this concern. They can walk you through the complications it causes. 

Poor Contract Coverage

Did you provide comprehensive coverage as defined in your contract? If not, you are in a serious situation. You may even be sued if the contract holder believes you are providing poor coverage. Expanding your policies is important to avoiding serious complications.

Ignoring Newly Acquired Properties

If you bought a new property or even a new business to add to your company, you must expand your commercial coverage to these items. Failure to do so specifically will leave these elements uninsured and lead to legal complications down the road.

Excessive Reliance On Umbrella Insurance

While umbrella insurance can be a useful option for many companies, relying on it too much is a mistake. It is particularly problematic if you use it to cover professional liability exposures. It simply doesn’t provide the kind of coverage you need for this situation.

Let Us Help

We at Assure-Us are skilled at providing Miami Beach, FL companies like yours with the coverage they need. Our specialists will work hard to get you the commercial insurance that works best for your needs.