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Fuqua Insurance Agency

1836 Hermitage Blvd, Suite 100
Tallahassee, FL 32308

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Why a Business Owners Policy Should Form the Foundation of Your Commercial Insurance

Fuqua Insurance Agency offers Tallahassee, FL business owners the commercial insurance they need to protect their financial investments. For small- and medium-sized businesses, a business owners’ policy (BOP) provides the ideal foundation for a commercial insurance policy package.

BOPs Provide More Protection for Less Money

BOPs provide a policy bundle of four common commercial policy coverages that small and medium-sized businesses need at a lower premium than purchasing them separately. A BOP includes:

  • Perils coverage, which pays for repairs caused by an event named in the policy, such as fire or tornado,
  • Property damage coverage, which pays for damages to the furnishings or other contents of the building,
  • Liability insurance to pay for settlements when the business’s negligence causes an accident or injury,
  • Business interruption insurance, which pays for interruptions to regular business operations caused by a peril named in the policy.

Although the bundle sells as a preformatted package, the business can add to it, creating a customized policy package that suits the business perfectly.

Qualifying for a BOP

Not every company can purchase a business owner’s policy. Insurers place restrictions on who can purchase them, using criteria based on:

  • Annual revenue
  • Business location
  • Number of employees
  • Class of the business

Although each insurer’s qualifications vary slightly, the business must employ less than 100 people and generate less than $1 million in annual revenue.

Contact Us Today

Protect your Tallahassee, FL, business with a BOP from Fuqua Insurance Agency. Contact us today to apply for this money-saving policy package and talk with an insurance agent about the insurance coverage your business needs to add to it.

Commercial Insurance: Key Coverage Types and Their Importance for Businesses

Commercial insurance is a critical investment for businesses of all sizes, as it provides essential protection against unexpected financial losses. Fuqua Insurance Agency, a trusted provider of insurance in Tallahassee, FL, can help businesses understand their commercial insurance needs and find policies that provide comprehensive coverage.

Here are some key coverage types and their importance for businesses:

Liability insurance

Liability insurance is an essential part of any commercial insurance policy, as it provides protection against legal claims arising from injuries or damages that occur on your business premises or as a result of your business operations. Liability insurance can cover the costs of legal defense, settlements, and judgments. We help businesses in Tallahassee, FL determine their liability insurance needs and find policies that provide adequate coverage.

Property insurance

Property insurance can protect businesses against losses resulting from damage or destruction of their physical assets, such as buildings, equipment, and inventory. Property insurance can also cover losses resulting from events such as theft, fire, or natural disasters. Fuqua Insurance Agency can work with businesses to determine their property insurance needs and find policies that provide comprehensive coverage.

Cyber liability insurance

With the increasing amount of sensitive data that businesses store online, cyber threats such as hacking and data breaches have become more common. Cyber liability insurance can provide coverage for the costs associated with a data breach, including legal fees, notification costs, and credit monitoring services for affected customers. Our team understands their cyber liability insurance needs and finds policies that provide the right level of coverage.

Reach Out To Us

Commercial insurance is a critical investment for businesses in Tallahassee, FL. Fuqua Insurance Agency can help businesses understand their insurance needs and find policies that provide comprehensive coverage. By working with a trusted insurance provider, businesses can ensure that they are prepared for whatever challenges come their way.

3 Common Mistakes People Make When Buying Commercial Insurance

At Fuqua Insurance Agency in Tallahassee, FL, we’ve seen firsthand the effects of not having adequate commercial insurance coverage. In many cases, business owners make the mistake of assuming that their personal insurance policy will cover their business-related activities. However, that’s almost never the case.

Here are three of the most common mistakes people make when buying commercial insurance:

1. Not Purchasing Adequate Coverage

One of the most common mistakes people make when buying commercial insurance is not purchasing adequate coverage. It’s important to remember that your commercial insurance policy is designed to protect your business, not your personal assets. As such, you need to ensure that your policy provides enough coverage to protect your business in case of a liability claim or lawsuit.

2. Not Shopping Around for the Best Rate

Another common mistake people make when buying commercial insurance is not shopping around for the best rate. There are a number of factors that go into determining your premium, so it’s important to compare rates from several different insurers before making a decision. You could save hundreds or even thousands of dollars on your premium by shopping around.

3. Not Reviewing Your Policy on a Regular Basis

Your business is likely to change over time, which means your insurance needs will also change. It’s important to review your policy at least once per year to make sure that it still meets your needs and provides adequate coverage for your business.

Contact Us Today

If you have any questions about commercial insurance or if you’d like to get a quote, please contact us today at Fuqua Insurance Agency in Tallahassee, FL. We’re here to help you find the right policy for your business.

Which Type Of Commercial Insurance Is Right For My Business?

Different enterprises have different insurance needs. This usually leaves many business owners scratching their heads, trying to figure out what type of business coverage would be best for their enterprises. Fuqua Insurance Agency offers this guide in navigating commercial insurance. Here is a breakdown of the policies you should get for your business in Tallahassee, FL. 

Which Type Of Commercial Insurance Is Right For Your Business? 

1. General Liability Insurance

General liability insurance is a must-have commercial coverage no matter what business you operate. This policy will protect you and your company against being liable for delivery people, customers, and other non-employees who get injured or have their property damaged while on your premises. General liability insurance will cover court costs, lawyer’s fees, settlements, and judgments.

2. Professional Liability Insurance

If you run an enterprise that provides professional services, you need professional liability insurance. This policy will protect you from customer complaints about work mistakes that result in injury and financial losses. For example, if you are an electrical services company and you do wiring in a client’s home, and after some days, your wiring work causes a fire that damages the house, your professional liability coverage will take care of that.

3. Workers Compensation Insurance

Many business owners don’t think they need workers compensation insurance because they believe they are in a safer industry. This coverage takes care of liability for current employees who experience on-the-job injuries and work-related ailments. At Fuqua Insurance Agency, we recommend all enterprises get this coverage no matter what they do. Even if you only have office employees, an office chair might break under an employee’s weight. In case they sustain hip, pelvic or back injuries, your workers compensation insurance will save you and your business from massive liability. This coverage will pay for missed wages, medical bills, and even death benefits.

Contact Us Today

Do you need tailored commercial insurance for your business in Tallahassee, FL? Contact Fuqua Insurance Agency today for unbeatable business insurance assistance and deals.

Our Partners

  • Bristol West
  • Foremost
  • Heritage
  • Mercury
  • People's Trust
  • Progressive
  • Safeco
  • United P&C