Protecting your place of business is a must. Not only is it your livelihood but it likely is for all your employees as well. With the amount of work and money you’ve invested into the property, it is important to protect it wherever possible. At Mid Atlantic Insurance Financial, we understand the importance of protecting your business with the right kind of commercial insurance. Whether your business is in Laurel, MD or a different region all together, understanding the difference of commercial insurance types is a must, so you know what to select when purchasing insurance for your business. 

Property Insurance

This is one of the most common forms of commercial insurance, and if you own property, having this insurance is a must. It protects against loss and damage that harm the property. This often includes fire damage to a work place and possibly flood related damage sustained in the event of a fire. 

Boiler and Machinery Insurance

This is typically for older buildings or for a facility where you use large machinery in the production or manufacture of items. It can protect against equipment breaking down and property damaged sustained due to the machinery breaking down. 

Debris Removal

Here’s something you might not consider ahead of time. If your property is damaged in the event of a fire and needs areas replaced, other insurance coverage may not pay to have the debris removed. Debris removal is expensive, in which case debris removal insurance fills in these payment gaps. 

Glass Insurance

Depending on your storefront and where you are located, your glass might be a prime target for break-ins and other forced damage. Replacing the glass constantly is expensive to do. Having glass insurance makes it easier to repair the glass and restore your workspace. 

One of the great fears of running a business is being hit with a lawsuit. You’ve probably looked into coverage for a number of common issues, but many times it’s the abnormal that can bankrupt a perfectly good company. Commercial insurance can cover almost any eventuality if you optimize your coverage, but for a number of reasons, these three cases were not covered and got out of hand quickly.

Blitz

Blitz is a company that specialized in making handheld gas cans. In fact, they were the biggest manufacturer in the U.S. In 2012 they had to file bankruptcy and eventually close the business because of a little over 30 lawsuits all with the same claim: pouring gas from their cans onto a burning fire caused explosions. While one might think that pouring gasoline on a burning fire is a dangerous activity, the company was still held liable for an average of $4 million per case. The totals were too much and the company is no more.

Garcia vs Ledraplastic

Francisco Garcia and the Sacramento Kings famously sued Ledraplastic. He was exercising with one of their balancing balls when it burst, causing him to break his forearm and miss playtime with the NBA team. The large player was lifting 90-pound weights in each hand while balancing. It is unclear whether or not he exceeded the manufacturer’s listed weight limits, but the suit was settled for an undisclosed amount that most suspect was in the tens of millions.

Broward County Bus

Ursula Wilson was riding the public transit when the driver had to slam the brakes and caused her to collide violently with the bus floor. She sued the county for the driver’s alleged negligence for $100,000 to cover medical expenses. Video shows that the driver was using one hand to eat a beef patty when the incident occurred, and ultimately the county settled the case.

In each of these cases, large sums had to be paid out of pocket. In one case it closed a business, and in another it came out of taxpayer pockets. Unbelievable lawsuits can threaten any company, so talk with Mid Atlantic Insurance Financial to make sure you are covered against the unexpected.

If you are seeing a lot of families, in particular young families, in the South Laurel, Maryland area, your eyes are not deceiving you. According to the U.S. Census, we have plenty of them. Let’s take a closer look.

With a population of 26,112, South Laurel has grown by almost 30% since the year 2000. Our median age in the community is a low 32.9 years old. Over a third of the households here have families with someone who is under 18 years of age in them. The median income for a family in the area is $60,028.

This is good news for businesses in the 20708 zip code area target young families. But even if business is booming, your business can’t afford to waste money. That’s where Mid Atlantic Insurance Financial can help. We are an independent insurance agency that can help you get the most of your business insurance budget.

Our independent agents have the ability to get quotes from multiple commercial insurance providers. Because they are competing for your business, this allows us to present the most competitive rates possible. We do this without you having to sacrifice coverage.

We invite you to give us a try with your personal insurance. With a quick visit to our website, you can obtain comparative quotes on your auto and homeowners insurance. From there, we invite you to contact us for your business insurance.

The numbers don’t lie. South Laurel is a popular place to raise young families. It is also where you can save on your business and personal insurance with Mid Atlantic Insurance Financial. Contact us today and let’s get started saving you money.

It may or may not surprise you to know that flooding is not only the most frequent type of disaster to hit our Maryland community, but it is the most costly. Just two years ago, new Flood Insurance Rate Maps were compiled, replacing maps that were almost 30 years old. If you haven’t had an insurance review in the last couple of years for your home or your business, it would be a good idea to do so.

A personal or commercial insurance review can uncover some surprising things. The status of any flood insurance you may or may not have is just one. A review will let you know if you even have coverage from accidental water damage from broken plumbing.

When you get an insurance review, you will know how much liability coverage you have. It will let you know if vehicles used for your business are covered. It will acknowledge whether or not your business insurance has kept up with the growth of your company.

Getting an insurance review is easy. Contact us at Mid Atlantic Insurance Financial and one of independent agents will assist you. Not only will an insurance review give you peace of mind, it may actually end up saving you money. You see, our agents are not tied to just representing one company. They can get quotes from a variety of companies. This can result in better coverage at the same or maybe even a lower rate.

You are also invited to get a free comparative quote on your homeowners or auto insurance. This can be accomplished right online from our website.

If it has been more than two years since you’ve had an insurance review, contact us today. We are Mid Atlantic Insurance Financial and we are proud to serve the Laurel area.

The location of North Laurel, Maryland midway between Washington and Baltimore has made it a terrific location for commuters to live. Because of this growing population it is also a perfect place to do business. We are pleased to serve both the residents of North Laurel with personal insurance products and the business community with commercial insurance lines.

One of the reasons we can help so many in our area is our status as independent agents. While some agents, called “captive agents”, can only represent the products of the insurance brand they represent, as independent agents we don’t have such restrictions. This means we have access to a wider range of companies. This ability to better compare providers creates some big benefits for our customers.

First, we can find coverage for your particular situation, whether it is for business or personally. This allows us to better “customize” your coverage with a company that suits you. Secondly, this access to a variety of providers often occurs in better rates. Many of our customers are surprised with just how much money we saved them. Finally, as independent agents that are local, we are here to answer your questions and assist with your claims.

Now, for homeowners and auto insurance, we offer comparative quotes online from our website. Now it is easy to see just how much you can save on your auto or home insurance from the convenience of any internet connection.

If you live or are a business owner in the North Laurel area, we would be pleased to show you how we can help save you money on your business insurance. Visit our website or contact us today. Let our independent agents go to work for you!

It doesn’t matter if you’re throwing a huge Christmas party for your employees at the Snow Hill Manor or hosting a fundraising gala for the community at The Loft Ballroom, your primary focus is probably on planning the event. However, your main focus should be on whether or not you’re covered if someone decides to sue your business in Laurel, Maryland. Any type of special event, including trade shows, fundraisers, holiday parties and even weddings, may require that you have special event insurance to ensure you are protected.

How Does It Work?

Special event insurance is a short-term policy that is offered by many insurance carriers. It simply protects your business if a liability issue crops up. For examples, let’s say that you were hosting a fundraiser at a hotel ballroom. You hire a catering company for a very fancy dinner. Unfortunately, a fire erupts in the hotels’ ballroom kitchen. You are financially responsible for the damages that the fire causes. Luckily, with special event insurance coverage, you are safe and protected.

What Is Covered?

This will usually depend on the specific type of event that you are throwing, but in general, these coverages are available:

• General Liability

• Slip and Fall Accident Coverage.

• Liquor Liability.

• Property Damage Coverage.

• Cancelation Coverage (in case the event must be canceled)

Special event insurance can be tricky because it will only cover losses that are specifically outlined in your insurance policy. Therefore, you need to make sure that you fully understand what’s covered and what isn’t before committing to a policy. Get in touch with one of our independent commercial insurance agents today to obtain quotes on special event insurance or any other type of business insurance that you may need. We’re dedicated to ensuring your business in Laurel is a success and that means having accurate insurance protection.

commercial insuranceagents

In Laurel, Maryland, there are a number of things to do, such as going to The Gardens Ice House for ice skating, visiting the National Wildlife Visitor Center or having the ultimate family experience at ClimbZone. All of these places have one thing in common: they are businesses and should be protected to prevent damage to their operations or harm to the visitors that frequent the establishment.

Having the right business insurance policy will protect your electronics and other assets from damage or theft. There are a number of policies that may apply to your business, such as Business Owner Policies, Workers’ Compensation, General Liability, and Auto Insurance. A good insurance agent will be able to assist you in find a policy that will meet your budget and provide the best coverage in the Laurel, Maryland area.

Every state has regulations you must follow. It is best to obtain the right information from an agent who can evaluate your business structure and make the best recommendations for you.

Here are a few additional tips to maximize your policy:

• Assess your needs to make sure have the right policy.

  Make sure you carefully evaluate every scenario before signing on the dotted line.

  Know the coverage in your plan.

• Understanding what is covered and what may be a loss is key in the event you need to use your policy. Read the fine print.

  Have a backup of all your documents.

• It is wise to have an off-site copy of all important papers.

  Make sure your contracts cover you and do not leave you open to liability.

Don’t leave your business vulnerable to disaster or potential liability. Get the right policy that will meet the requirements to keep you in operation in the 20707 zip code.

Between the Dutch Country Farmers Market and the National Wildlife Visitor Center, Laurel Maryland contains a variety of great American exhibitions. Many businesses have thrived within the area’s prime real estate, and many have accommodated for a varied population and beautiful locations.

 

Thoroughbred racing at Laurel Park has created many opportunities for visitors and local lifestyle enthusiasts, and many neighborhoods have expanded to accommodate for new trends and attractions.

 

Commercial Growth and Insurance

 

Commercial insurance is varied depending upon location and form regulations, and Maryland contains a wide array of opportunities for expanding businesses. Each package accommodates for business property and liabilities regardless upon location, but basic and special form insurance may be suitable for different decision makers.

 

Basic Form Insurance Coverage

 

When considering the commercial insurance basic form vs. special form, acquiring an HO-1, or basic coverage, is a viable avenue for those seeking ground-level policies. Basic form insurance often covers the following situations, buffering a business from loss:

 

• Weather damages

• Theft and vandalism

• Malicious damages

• Vehicle damages

 

Often, basic form insurance only covers form-specified items, so those seeking expansive coverage may not find adequate coverage. Additionally, personal belongings are often excluded from basic form insurance policies.

 

Special Form Insurance Coverage

 

Special form insurance, called an HO-3, is a common business coverage option. Special form insurance, unlike basic form coverage, accommodates for all losses sans those specifically identified by the policy. Often, special form insurance covers “loss of use” coverage, too. Loss of use coverage pays a stakeholder’s living expenses in the event of unavailability during repairs or replacements.

 

Typically, no-fault medical coverage protects business workers from injuries, too. Special form insurance is incredibly useful for businesses planning on expansion. Additionally, commercial operations needing widespread coverage for a large worker population will benefit from special form insurance.

 

Cost and Benefit Comparisons

 

Often, special form insurance is more expensive, due to its great flexibility. However, basic form insurance carries an incredibly conservative approach to industry standards—making it an excellent choice for smaller businesses. When comparing quotes within our expansive database, remember to consider endorsement costs and form policies. While options differ depending upon situations, many are available with various cost options—making either selection an optimal choice for growing businesses.

 

commercial insurancebasic form vs special form

When it comes to selecting a commercial insurance company, Bowie, MD business owners will find working with our team is easy to do. We're an independent agency. That means we work along your side to find the most comprehensive coverage for your needs. We also provide exceptional service to our clients by helping you to save money. It's a good idea to know about all of your insurance needs before you buy. We can help you to do that.

What Are Your Business Assets?

One of the biggest needs for businesses is a way to protect their assets. These assets are valuable and without them, your business would struggle to keep the doors open. For example, if you own and operate a car as a part of your business, you'll need commercial auto insurance. In addition, if you operate out of a building, whether you lease it or own it, you'll need to protect that building from risks such as fire, theft, and vandalism. You also need to protect your furnishings, inventory, and equipment.

What About Liability?

When you work with our company, we'll help you to take a close look at your liability risks. All businesses have them. You may need a general policy that provides protection against liability losses due to defective products or slips and falls. In other cases, plans like Business Owner Package can help you to get comprehensive protection from any lawsuits filed against you.

There's no way to know what risks your business will face. However, there's no need to worry about them either. For those who need an insurance company, Bowie, MD companies included, our team is ready to provide you with the assistance you need. Call us today for a quote on the carriers that fit your needs and keep your business well-protected.