In all walks of life, you need some safety net. In business, excess insurance is a secondary form of coverage for times when your policy’s claims expense exceeds its limits. The staff of McCormick Insurance Inc. of Pembroke Pines, FL, can assist in determining the level of excess insurance needed for your business.

Understanding Excess Insurance

Excess insurance is added coverage to an existing business or commercial insurance policy for unexpected events that could cause catastrophic results to your business’s future, regardless of size. It protects if your company vehicle is involved in an accident or from product recall claims. The amount of coverage is based on the daily risks and challenges your business faces. It provides the needed financial strength and stability to succeed in your industry.

Who Needs Excess Insurance?

Excess insurance coverage is valuable for high-risk businesses such as construction or manufacturing companies. Both industries need additional protection from the possibility of their workers handling hazardous materials. Excess insurance protects a company’s financial standing if it reaches the limit of business or commercial liability coverage. It becomes valuable if the number of worker’s compensation claims exceeds the policy terms.

Types of Excess Insurance Coverage

Excess insurance comes in various forms, as the coverage is designed to protect every aspect of your business. It would be best to have a robust insurance policy, but most business owners want to include umbrella coverage in their existing agreement. It is the type of coverage that allows the policy terms to be used interchangeably without delay. Another popular type of excess insurance is property coverage. It protects a business from liability risks associated with manufactured materials used in the warehouse or your workplace.

As a business owner, excess insurance coverage is a must-have. The staff at McCormick Insurance Inc. of Pembroke Pines, FL can create a coverage plan that meets your insurance needs. Let us protect your business assets by scheduling an appointment today.

Owning a vacant property may seem straightforward, but it comes with its own set of challenges and risks. At McCormick Insurance Inc. in Pembroke Pines, FL, we understand the unique concerns that property owners face when their buildings are unoccupied.

Increased Vulnerability to Vandalism

Vacant properties often become targets for vandals. An empty building can attract unwanted attention, leading to broken windows, graffiti, or even more severe damage. Without proper insurance, the cost of repairs can quickly add up, creating a financial burden for the owner.

Risk of Squatters

Unoccupied property invites squatters. Once individuals move in, it can be lengthy and costly to evict them legally. This not only increases legal expenses but can also lead to property damage that requires extensive repairs.

Maintenance Issues

Without regular occupants, maintenance issues can go unnoticed. A minor leak can turn into a significant water damage problem, or a small electrical issue could escalate into a fire hazard. Proper insurance can help cover the cost of these unexpected repairs, ensuring your investment is protected.

Liability Concerns

Owners of vacant properties might not realize they are still liable for injuries that occur on their premises. Whether it’s a trespasser or a maintenance worker, accidents can happen, and without appropriate coverage, you could be responsible for medical costs and legal fees.

Protect Your Investment – Call us Today.

Don’t let the risks of owning a vacant property catch you off guard. Ensuring you have the right insurance coverage can provide peace of mind and financial protection. Contact McCormick Insurance Inc., proudly providing insurance products to residents in and around the greater Pembroke Pines, FL, area today to learn more about safeguarding your vacant property.

Watercraft storage coverage is a type of insurance designed to protect your recreational equipment while it is not in use. Understanding the amount of coverage you need is critical before upgrading your boat insurance policy.

Boat Storage Duration

A standard boat insurance policy protects your boat while actively in use. However, your boat may still be at risk of damage, vandalism, or theft even when stored. The duration you plan to store your boat will determine how long you will need coverage.

If your boat is used year-round, you may only require minimal storage protection. However, if your boat usage is seasonal, it may be stored for longer periods, necessitating a more comprehensive storage policy.

Your Risk Level

The way you store your boat will influence the amount of boat insurance you need. If your watercraft is stored at a facility offering covered storage units, it will be less prone to weather-related damage, requiring a minimal amount of storage coverage.

If your boat is stored outdoors, it is susceptible to damage from the weather and could also be at risk of theft or damage by another person. In this case, you may need more coverage.

Adequate boat insurance will enable you to handle necessary repairs or replacements comfortably.

Insurance Agent Services

A representative of McCormick Insurance Inc. can help set up your boat insurance policy. Call one of our agents if you are in the Pembroke Pines, FL. We’d happily arrange an appointment to discuss your boat insurance policy.

As a business owner, if your company owns assets or property, inland marine insurance should be a consideration. This type of insurance is an intelligent way to protect valuables such as property stored in a warehouse or on third-party land. It becomes an asset should your property be damaged or compromised while another entity holds, stores, moves, or manages it. It covers many types of assets and property. This is why businesses in the Pembroke Pines, FL area trust McCormick Insurance Inc. for their insurance needs.

Why Inland Marine Insurance?

Many companies own property that isn’t permanently stationary. In industries like construction, manufacturing, and distribution, transporting, storing, or relocating products, materials, goods, and equipment is often necessary. Discrepancies may arise around the liability and responsibility of such items, and inland marine insurance can assist in protecting against these. So, if your business involves using a third party for housing, transporting, or managing its products, goods, materials, or property, discussing inland marine insurance with a proficient insurance agent would be wise.

Protection for Your Company’s Movable Property and Assets in Pembroke Pines, FL

If you own a business in Pembroke Pines, FL, and have questions or want to learn more about inland marine insurance, we’re here to help. No matter how big or small your business is or if it owns assets or property, inland marine insurance may offer the safeguard you need. Contact us at McCormick Insurance Inc. to find out how inland marine insurance could benefit your business and ensure it is fully protected.

Navigating the world of insurance can sometimes feel like deciphering a complex puzzle. At McCormick Insurance Inc. in Pembroke Pines, FL, we strive to make it simpler for you. One often overlooked but valuable type of insurance is umbrella insurance. This policy provides additional liability coverage beyond the limits of your existing home, auto, or other insurance policies.

High Net Worth Individuals

If you have substantial assets, an umbrella insurance policy is worth considering. High-net-worth individuals are often at greater risk of being sued and having their assets targeted. Umbrella insurance protects your hard-earned wealth against large claims or lawsuits exceeding your standard policy limits.

Business Owners and Landlords

Owning a business or rental property comes with its own set of risks. If a tenant or customer sues you for damages or injuries that occur on your property, the liability costs can quickly escalate. Umbrella insurance provides an extra layer of protection, covering legal fees, medical bills, and other expenses that might arise from such incidents.

Parents and Pet Owners

Life with children and pets is full of surprises, some of which can lead to accidents or injuries. Whether it’s a backyard mishap involving a playmate or your dog causing an injury, an umbrella policy can help cover the unexpected costs that go beyond your regular insurance coverage.

Frequent Entertainers

If you often host gatherings at your home, you might be at increased risk for liability claims. From slip-and-fall accidents to more serious injuries, having umbrella insurance can give you peace of mind, knowing you’re covered.

Contact McCormick Insurance Inc. in Pembroke Pines, FL today to learn more about how umbrella insurance policies can safeguard your assets and future. We’re here to help you.

Determining which vehicles RV insurance covers may seem confusing, but the answer is more straightforward than you might think. Our team at McCormick Insurance Inc., serving the Pembroke Pines, FL area, will gladly answer any questions you have and ensure you obtain the RV coverage you need.

RV Types and Insurance

RV insurance covers four types of vehicles, and each can be relatively modest or more luxurious, though the largest RVs tend to be the fanciest.

Class A RVs are typically top-of-the-line vehicles built on a commercial truck or bus chassis. Many are like houses on wheels and expand with slide-outs when stationary. They often have a kitchen, washer and dryer, full-screen TV, sleep eight people, and have other appointments.

Class B RVs sit on full-size van frames and sleep one or two people. They typically include a galley with a burner, a small refrigerator, and a bathroom. The seating and living spaces are often converted into sleeping areas.

Despite the name, Class C RVs are between Classes A and B in length and weight and are built on a cutaway truck chassis. They commonly include sleeping space over the cab and amenities ranging from modest to near-luxury.

Towable RVs, also called fifth-wheel campers, are pulled by trucks with a fifth-wheel attachment. Towable RVs can be nearly as large and luxurious as Class A RVs. Unlike Class A, B, and C RVs, towable RV insurance covers only the RV, while the truck’s insurance covers the liability and auto-related insurance needs.

Working With McCormick Insurance Inc.

Our McCormick Insurance Inc. team serves the Pembroke Pines, FL, area. We will help you address your RV and other insurance needs, so call us or stop by today to ensure you have the coverage you need.

Flooding is something that many people in and around the Pembroke Pines, FL area experience and contend with, like many places across the country. That is the bad news. The good news is, despite the damage and havoc that flooding can cause, flood insurance is often the safety net and lifeline people need to recover after the rising waters have passed. That is also why many people from the Pembroke Pines area turn to the experienced and professional team at McCormick Insurance Inc. for all their flood insurance needs.

Flood Insurance: Your Lifeline and Help Against the Flood

When raging waters and rising tides become imminent, the best thing we can do is prepare, even when we can’t stop them. Like any flooding event, the first concern is safety, but many other problems can arise with the rising waters of a flood, even after the waters recede.

The cost of flood clean-up, replacing lost items, and repairing the damage caused by a flood and floodwaters is considerable. That is also why flood insurance is so valuable and why homeowners invest in the protection flood insurance offers. No, we can’t stop floods, but we can be better prepared and protected from the cost of flooding events with solutions like flood insurance protection.

For All Your Flood Insurance Needs

If you live in or around the beautiful Pembroke Pines, FL area and have questions about or need flood insurance, our professional and friendly team at McCormick Insurance Inc. can help. Contact us to learn more and schedule an appointment today for the protection and flood insurance you need and deserve at McCormick Insurance.