Commercial

Commercial Automobile

Whether a business owner with one vehicle or with fifty vehicles you will need a commercial automobile policy. At Modglin & Associates we have been writing such insurance for over 18 years and helping the Tampa Bay community determine the insured’s needs.

Please feel free to speak with our friendly staff that is able to help you in determining your insurance needs.

Some of the questions they will ask are:
- Year, Make and Model of the vehicle (s)
- Vehicle Indemnification number (VIN)
- Drivers name and their driver license number.
- Date of birth, single or married, male or female.
- Lost History
This is just to name a few.

We do not just go to one carrier, we represent several and it is our job to obtain the best quote for you and your business.

Commercial General Liability

If you own a commercial business you will need this coverage as it protects you from Bodily Injury or Property Damage that is caused by you or your employees.

One of the most important liability exposures for a business is its:

Premises and Operations Exposure - Liability arising out of the business location or its activities at a location listed on the policy. An example is a person comes into your store or office and slips and falls after the floor has been waxed.

General Liability covers the following just to mention a few:

-Bodily Injury - Means physical harm and includes sickness or disease or death resulting therefrom.
-Property Damage - Means physical injury to tangible property.
-Personal Injury - Covers claims against the insured for false arrest, detention or imprisonment, malicious prosecution; wrongful entry or eviction; and oral or written publications that libel, slander or violate rights of private occupancy.
-Advertising Injury - Covers libel, slander and violation of rights of private occupancy, plus misappropriation of adverting ideas or style of doing business or infringement or copyright, title or slogan.
-Medical Payments - Payment is for medical, dental, hospital and funeral services incurred within one year from the date of the accident to persons who suffer bodily injury by accident.
-Products and Completed Operations - A form of insurance which covers a company against liability arising out of its products or completed operations.
 

Umbrella / Excess Liability

Umbrella -Is a separate policy that will cover over your General Liability, Automobile & Workers Compensation and provides limits in excess of your primary.
Excess Liability - Is a separate policy will cover over your General Liability, and provides limits in excess of your primary.
 
With 18 years experience in the Tampa Bay area, our agency and staff no the markets for your business and with access to many carriers, we are sure we would be able to help you with your insurance needs.

Commercial Property

If you own a business then you know how important it is to protect your business personal property from a named peril.  There are two general types of property that may be covered:

1 - Building - Coverage is for structure described in the declarations, including building, permanently installed fixtures, machinery and equipment; outdoor personal property to service the premises including fire extinguishers, outdoor equipment.
2 - Business Personal Property - Covers personal property inside the building that is not permanently attached. It does cover furniture and fixtures, machinery equipment, inventory. Personal property extends to 100 feet of the premises.

There are many forms of commercial property and the following are some:

1. Personal Property of Others
2. Builders Risk
3. Business Income
4. Extra Expense
5. Outdoor Signs
6. Glass

Please feel free to call Modglin & Associates and our staff will be happy to talk with you to put together a program that is designed for you business.

Workers Compensation

Under Florida law if you are in the construction industry you are required to carry workers compensation even if you have one employee. If you are in the non-construction industry you are required to carry workers compensation for 3 or more employees.
The standard policy has six parts which is as follows:

Part One - Workers Compensation - Covers bodily injury to an employee resulting from an accident or disease and includes resulting death. In addition, it covers the cost of defending the employer against a claim for these benefits.

Party Two - Employers Liability - Covers the insured for (1) claims by employees for injuries not subject to a workers compensation law; (2) claims by others for the liabilities to insured’s employee’s and (3) claims by relatives for injured employees for consequential damages.

Part Three - Other States - May be utilized to provide automatic coverage in states not listed for Part One coverage. For the coverage to apply, the state must b listed for Part Three coverage.

Part Four - Your Duties of Injury Occurs - Under the workers compensation policy, the employer is required to inform the insurer at once of any injury that occurs which might be covered by the policy. The employer must also provide for immediate medical or other services required by the workers compensation law, give the names and address of the injured persons and witnesses, promptly provide any legal papers pertaining to the claim.

Part Five - Premiums - Provides the insured with information about how the policy premium is calculated. Business and types of work are classified according to their estimated exposure.

Part Six - Conditions - Includes an inspection condition that gives the company the right to inspect the employer’s workplace at any time for the purpose of determining insurability or establishing premium.

Workers Compensation rates are governed by the state and not the individual insurance companies. 
Please call and speak with our friendly staff to obtain a quote for your business.