Required Commercial Insurance in Florida

In Florida, there are two commercial insurance types that are required for many businesses in the state. These two commercial insurance policies can help to protect your business, but they aren’t the only insurance policies that could be useful to your business. There are many other insurance types, including cyber insurance and general liability insurance, that you should look into before you get your commercial insurance. To get started, call us at Martin Insurance Team in Ft Meyers, FL.

Workers’ Compensation Insurance

This type of commercial insurance is required in Florida for businesses that have at least four employees. If you have four or more, it doesn’t matter if they are part-time or full-time- workers’ comp insurance is required. If your business is in the construction industry, however, there is a different standard. All construction companies must have workers’ compensation insurance if they have even just one employee. This insurance pays the expenses due when an employee has an accident and becomes injured at work. This includes paying their medical bills and any lost wages due to the accident. 

Commercial Auto Insurance

If your Florida business owns a vehicle, that vehicle has to have a commercial auto insurance policy. This coverage must include at least the minimum required amount for personal injury protection and for property damage liability. In Florida, personal injury protection coverage pays for your own medical bills. This lessens the incentive to sue someone for medical bills after an accident. If you want better coverage than the bare minimum, there are other coverage types that you can add to your policy. This includes collision insurance to cover your vehicle if you cause an accident and comprehensive insurance that covers off-road problems. 

Get Your Commercial Insurance Coverage

If you own a Florida business, make sure you know which commercial policies you need. Give us a call at Martin Insurance Team in Ft Meyers, FL to find out more. 

Home Insurance Add-ons to Consider

Whether you are buying a new home in Ft Meyers, FL, renewing your home insurance, or moving homes, there are many factors to consider when shopping for home insurance. While most homeowners concentrate on what their coverage covers, it’s crucial to know what’s not covered by your policy.

But why is this important? Understanding your home insurance exclusions helps you establish the add-ons to buy to strengthen your policy. Not sure what add-ons to consider? Although there exist numerous endorsements, Martin Insurance Team shares four add-ons that are worth your money. 

Flood insurance

Floods can cause unspeakable damage to your home. And the unfortunate thing is that your typical home insurance policy doesn’t cover overland flooding. However, to be on the safe side, it’s crucial to purchase individual flood insurance if you live in a flood-risk area. This coverage protects your dwelling and its contents, helping you avoid out-of-pocket expenses.

Sewer and drain backup

When the sewer lines overflow due to malfunction, clogging, snowmelt, or flooding, it may cause water backup that may cause damage to your dwelling’s floor and walls. While this damage can be expensive, the unfortunate thing is that conventional home insurance doesn’t cover it. However, you can purchase a rider to cover such risks. 


You must have heard about sinkholes causing property damage. And since this risk is becoming increasingly common, it’s thoughtful to purchase sinkhole endorsement to ensure that your insurer caters to any resulting damages.

High-value items endorsement

Do you own high-value items like art, silverware, and jewelry? While your home insurance policy covers these risks, the protection is little. As such, you need to purchase a rider to protect your valuables from theft and other risks. 

Buy home insurance today!

Since home insurance is a must-have investment, don’t hesitate to purchase coverage from Martin Insurance Team of Ft Meyers, FL. Besides, we will advise on add-ons suitable for your situation.

Does Homeowners Insurance Cover Renters?

Renting out your Florida home is a great way to earn extra money during the months you are not living in the residence. With so many homes available for rent, homeowners in Ft Meyers, FL may be wondering if their homeowner’s insurance policies cover the renters in their Florida homes. Unfortunately, your basic homeowner’s insurance policy does not cover renters in your home, nor does it protect their property. 

For more information about how to get your renters covered, call the experts at Martin Insurance Team today. 

Does Homeowners Insurance Cover Renters? 

Homeowner’s insurance does not cover renters. It is a policy that protects the structure of the building and the landlord’s personal property. Your homeowner’s insurance policy does not cover your tenants nor their personal property. Therefore, it is best to recommend or require your tenants to purchase their renter’s insurance policies. 

Should I Get Landlord Insurance? 

If you plan to rent out your home, you should consider getting landlord insurance. This insurance is similar to homeowners insurance but designed to protect properties you do not live in. Coverage includes dwelling, personal poverty, and liability protection. Most homeowners insurance policies require you to live in the home, while landlord insurance provides the same coverage without you having to live there. 

Protecting Your Rental Property

When renting out your home, you want to make sure your property is protected. To ensure you and our rental property are protected against any unforeseen accidents, it is recommended you do the following:

  • Purchase additional liability coverage
  • Remove all of your personal belongings from the home
  • Check the property’s classification with the insurance company (ensure it is classified as a rental)
  • Get flood insurance
  • Make renters insurance mandatory for your tenants and get proof of it

When renting out your Ft Meyers, FL home, call the Martin Insurance team to discuss your options about landlord insurance coverage. 

Auto Insurance Coverage Options

If you have recently thought about purchasing a vehicle or getting auto insurance within Ft Meyers, FL, understanding the various insurance options on the market will be an essential part of your journey. Below, Martin Insurance Team explains different auto policies to consider looking into.

Liability Coverage

Liability coverage comprises two components, with the first being bodily injury liability. This covers costs related to 3rd party injuries when you are found liable for an accident. The second is property damage liability that caters to other parties’ costs of vehicle repairs and replacement.

Medical Payments Coverage

A medical payments policy takes care of your medical costs when you are injured in an accident. This policy also covers your passengers, allowing them to offset any treatment costs and examination fees.

Comprehensive Coverage

Comprehensive coverage comes in handy when your vehicle is damaged during non-collision accidents. These include instances involving fire, theft, hail, and vandalism. Depending on the damage caused, your comprehensive policy allows you to take care of your replacement or repair expenses.

Collision Coverage

As the name implies, collision coverage is designed to help you pay for damages arising from collision accidents. If you hit another vehicle during your drive, this coverage ensures that your vehicle replacement or repair costs are covered. It also comes in handy when you hit objects such as fences and posts.

Uninsured and Underinsured Coverage

If you are hit by an uninsured driver whose coverage cannot pay for your treatment or vehicle damage costs, uninsured coverage will help you offset these expenses. Underinsured coverage kicks in when you get into an accident with a driver whose insurance is not enough to pay for your medical or vehicle damage costs.

If looking for auto coverage designed to protect you and your vehicle, Martin Insurance Team is the partner you need. Call us today for auto insurance designed with Ft Meyers, FL needs in mind.

Homeowners Insurance Coverage and Jewelry

The personal property coverage section of a homeowners insurance policy covers expensive valuables you own, including jewelry. Most Evergreen Park, IL policies cover losses caused by incidents listed in your policy, such as fire, theft, and vandalism. However, damage to your jewelry is not covered during some events, such as flood damage and lost items. Additionally, homeowners insurance policies have limits on how much they payout, and sometimes the jewelry in the home is far more expensive than the coverage. 

The experts at Martin Insurance Team understand you want to protect your expensive belongings, so give them a call to discuss insurance options for your jewelry. 

Standard Homeowners Insurance Coverage

Standard homeowners insurance covers jewelry from the listed incident in the policy, such as fire and theft. Coverage for personal property has a limit, and the payout is after subtracting the policy’s deductible. In some cases, the policy does not cover the item’s actual value, especially after having to pay out of pocket for the amount of your deductible. 

Events With No Coverage

The insurance company does not pay out if the jewelry is misplaced. Additionally, most basic insurance policies do not have flood coverage, which means if a flood damages the item, it is not covered. Protect your jewelry and other expensive personal items by speaking with your agent about adding additional coverage for events such as flooding. 

Jewelry Insurance

If you have jewelry that exceeds the value of your policy limits, you may want to consider shopping around for a specific jewelry insurance policy. Jewelry insurance policies cover theft and damage from covered incidents. 

Evergreen Park, IL, homeowners can shop for additional coverage to protect their jewelry. For further assistance insuring expensive items, such as an engagement ring, call the experts at Martin Insurance Team. 

Why do you need auto insurance in Illinois?

Most people that are in the Evergreen Park, IL area will find that owning a car is a good idea. If you are going to be a vehicle owner in this part of the state, you will find there are a lot of great benefits that come with coverage. It is also typically a necessity for most vehicle owners. There are a few reasons that you will need to maintain an auto insurance plan in this state.

Coverage is a Legal Requirement

The first reason that anyone in this area of the state will want to have an auto insurance plan is that they will be required to have it to comply with the law. Illinois is similar to other states as it requires motorists to carry liability auto insurance. If you do not carry this coverage at all times, you could face penalization if you are caught without it. 

Coverage is Required by Lenders

Purchasing a vehicle today is quite expensive and many vehicle owners will need to have a loan to ensure they can finance the purchase of it. As you are looking to take out a loan, you will want to ensure that you understand your insurance requirements. Most of the time, an auto loan provider is going to require that you maintain a full collision and comprehensive plan as long as the loan is outstanding. 

Getting an auto insurance plan in the Evergreen Park, IL area is a good option for all motorists. As you are looking for a plan here, you should call the Martin Insurance Team. The team with the Martin Insurance Team can give you any support that is needed to choose a new plan. This includes helping you determine what your needs and different options are. 

What is Landlord Liability Insurance? Do I need it?

If you’re a landlord in Evergreen Park, IL, you must know better how difficult it is to deal with tenants. Whether you own residential properties or commercial properties with tenants, you may want to get landlord liability insurance to protect your investment.  If you haven’t heard about this critical policy, Martin Insurance Team recommends learning the coverages and determining your needs before purchasing.

What is Landlord liability insurance?

A landlord insurance policy is a type of property insurance policy designed to protect you from damage and injury claims related to your rental property. It helps pay for expenses if you’re found legally responsible after an injury that happens on your property. Anyone living, visiting or passing by your property can sue you for injuries they sustain while in your property. 

Do I need it?

Absolutely. Home insurance doesn’t cover homes that you rent out. If anything happens to your rental properties, you may incur significant losses if you don’t have a backup policy. Landlord liability insurance typically covers the structure and liability that prevents you from paying out-of-pocket costs if you’re found at fault in some situations. If you bought the property through a mortgage, your lender might need you to have landlord liability insurance to protect the investment.

How much landlord insurance should I get?

When deciding the amount of landlord insurance to buy, you need to do several calculations to ensure you’re not underinsured. Begin by assessing your insurance needs by checking risks. If it’s a commercial property, know the type of business being run and your risk of getting sued. Next, check the value of the building and determine how much you’d need to rebuild based on the current market price. Don’t forget to keep the building in tip-top condition to avoid unnecessary lawsuits from tenants.

Buying landlord insurance in Evergreen Park, IL?  Feel free to contact Martin Insurance Team, and we will be happy to help.

How Umbrella Insurance Works

Getting more liability insurance is a smart choice these days. Not only is society a litigious one, but there is also the problem of escalating medical costs. To protect yourself against accidents you may be liable for, you need umbrella insurance. If you are interested in this type of insurance, contact us at Martin Insurance Team in Evergreen Park, IL to find out more. 

Home and Auto Liability Coverage

When you already have home and auto insurance, you may feel that you are well-covered for your liability. However, these policies often come with very little liability protection, especially with medical costs going up. You could find yourself having to come up with the overage if your home or auto policy doesn’t pay enough to cover the resulting bills. Umbrella insurance is a type of policy that adds more liability coverage to both your home and your auto policies. 

Two-Step Liability Protection

When you have an umbrella insurance policy, it works in two steps. The first step is that the person’s home or auto policy will come in and pay for the bills you owe for your liability. If the coverage is enough to cover it, then that’s all that happens. However, if the policy doesn’t pay out enough to cover all of the bills, there is a second step. The umbrella policy comes in and pays that overage amount so that you don’t have to. It’s a great way to ensure that you are well-covered for situations that you can be held liable for. 

Get Your Umbrella Policy

If you’re interested in having more liability coverage, call us today at Martin Insurance Team in Evergreen Park, IL to talk with an agent about this important coverage. 

Types of Liabilities to Cover With Illinois Restaurant and Liquor Insurance

Restaurant and liquor liabilities are a serious concern for restaurant owners in Illinois. One wrong thing could turn into a significant legal crisis. Where food and drink are concerned, establishments today need to be proactive when it comes to safety and protection for both customers and employees.

At Martin Insurance Team, we want Evergreen Park, IL restaurants and bars to be protected from any legal and financial crisis. There are a number of potential liabilities to consider when you are buying Illinois restaurant and liquor insurance.

Food Liabilities

There is always going to be a concern that a food problem could arise in your establishment, no matter how careful you are. You may have the best health inspection record in town, you still need to be covered for every possible scenario. This can be covered through general liabilities. 

Labor Liabilities

Labor liabilities are sometimes more expensive than customer liabilities. If an employee injures themselves on the job, or someone else, the problem becomes a crisis.  Safety training is a great place to start and may help with insurance costs. 

Be sure that all of your employees are certified to handle liquor service responsible. Workers’ compensation insurance is important, but so is commercial general liability insurance.

Liquor Liabilities

The number of potential liquor liabilities in an Illinois restaurant is infinite. Anything can happen. Insure yourself as much as possible with liquor liability insurance.

The law does stipulate that in most cases, intoxicated patrons are responsible for their own actions, however there are situations that may be excluded where you could be held liable. Insure yourself, and lay down the law when you need to so that you can avoid the claim in the end.

Get a Quote

When you are serving alcohol and food, the stress of potential liabilities could be crippling. Martin Insurance Team wants the restaurant owners of Evergreen Park, IL to eliminate this stress. Call us for a quote for liability insurance today.

How Cyber Insurance Protects Your Business

Cyber insurance is a type of liability coverage that can come in handy for most businesses. Virtually every business has an online component these days, and cyber problems can cause serious damage. If your business doesn’t have cyber insurance, contact us at Martin Insurance Team in Evergreen Park, IL.

Data Problems

One of the main problems that encourage people to get cyber insurance is data breaches. These happen to businesses of all sizes. You don’t have to be a large, well-known business for this to happen. When a data breach happens, your company information, banking records, passwords, and other important information can be put out there for all to see. What is especially damaging is that the data you have on your customers, and employees, can be posted online after one of these breaches. That means credit card numbers, personal information, etc. 

Your Liability

The problems really start to mount when your customers have their data stolen. Even if it isn’t used right away, it can be posted online so that it can be used at any time. Many people have to cancel credit cards, put a hold on their credit, etc. And if the data is used right away, it can end up costing them a lot of money. This is why so many companies have had to make payouts to their customers for data breaches. If this happens to your business when you have cyber insurance, they handle much of the aftermath so that your business doesn’t go bankrupt. It’s important to have this coverage if your business has a website, but it is even necessary if you simply use a computer system for storing customer data. 

Get Your Cyber Insurance

To protect your business against catastrophic fines and lawsuits filed against you. Get cyber insurance to keep your business protected. Call us today at Martin Insurance Team in Evergreen Park, IL to find out more.