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Contact our insurance agency to protect yourself and your family from financial hardship. Located in Maitland, Florida, we proudly serve companies and individuals throughout Central Florida.

man driving in a city

What You Should Know About GAP Car Insurance

When you are looking for affordable car insurance in Maitland, FL, Mike Elliott Insurance Agency, Inc., has the policies for you. In addition to our standard insurance policies, we also offer GAP coverage. GAP stands for Guaranteed Asset Protection, and it is designed to keep you from paying out of pocket in the event that your car is declared a total loss after an accident.

Your standard car insurance policy covers the value of your car with depreciation factored in. If your car is totaled in an accident, and its pre-accident value was $10,000, your insurance will pay out the $10,000 amount.

Assume, though, that you financed the car with a loan when the car was valued at $12,000. After your insurance pays the $10,000, that still leaves you liable for up to $2,000 (depending on how much you’ve already paid off) that you will owe the lender or dealer. GAP insurance makes up this difference.

satellite monitoring hurricane

Navigating Complicated Hurricane Coverage for Your Home

Damage from severe rainfall and flooding, as well as flying branches and falling trees, are some of the serious risks for property owners during a hurricane. Hurricane season in the Eastern Atlantic runs from around May 15th to November 30th. During this time, many coastal homeowners worry about the damage that hurricanes can cause to their homes and what may or may not be covered by their insurance policies. The proper compensation for damage after a hurricane requires having the right home insurance in Maitland, FL, beforehand.

Will a Homeowner Policy Cover All Hurricane Damage?

Home insurance policies cover different aspects of damage to homes caused by storms. While some hurricane damage may be covered, in most cases, people in hurricane-prone areas need more than one policy to cover damages. Whether you are covered or not depends on: the type of damage, how it was caused, the type of homeowner coverage you purchased, and where you live.

Homes and properties in high-risk zones have different coverages available to them than areas that are considered lower risk. Your renter, condo, or home insurance policy may cover some property damages resulting from hurricanes; however, they may have exclusions for this type of high wind damage, or they may require you to add an endorsement for windstorm coverage. Coverage for all hurricane damage may require more than one insurance policy to protect your home.

man driving car

What Happens When You Drive Uninsured in Florida?

Times are tough, and people are considering ways to cut back financially, but dropping your auto insurance is definitely not a good way to save money on your monthly budget, because driving without insurance in Florida can end up costing a lot more than your monthly bill for auto insurance in Maitland, FL.

Florida is a no-fault” insurance state, where vehicle owners are required to carry the minimum amounts of $10,000 for property damage liability (PDL) and $10,000 for personal injury protection (PIP). Everyone must have coverage in place before obtaining vehicle registration and tags, and then they must continue to carry it throughout the registration period.

Florida’s First Time Offender Penalties

If your Florida auto policy lapses, your insurance carrier then notifies the state. The Department of Highway Safety and Motor Vehicles will require you to provide proof of new auto insurance coverage, or your license, plates, and registration will be suspended for up to three years. Additionally, the proof of insurance has to show that you had your new insurance in place before your old policy was canceled. Your license, plates, and registration will be suspended, even if the lapse period was only one day.

Subsequent Offenses for Lack of Insurance

Subsequent offenses can be much more expensive. If your auto insurance lapses for a second time within three years of the first lapse, the reinstatement fee increases to $250, and the reinstatement fee goes up to $500 for a third offense.

One More Thing

Your provider issues you a Florida Insurance I.D. card when you first obtain insurance. You must carry it at all times that you are operating your vehicle and show it to any law enforcement officer who asks to see it. If you are asked and do not have it, you may be ticketed.

woman working from home

How Worker’s Compensation Works for Remote Employees

Just because an employee is working from home or another remote location doesn’t mean they aren’t covered by workers’ compensation in Maitland, FL. Just like with in-office workers, workers’ comp laws are designed to protect employees if they receive an injury that arises out of and in the course of employment.

One thing to keep in mind is that, in an injury situation, the remote employee has the burden of proof in providing evidence that their injury is related to work. That means, before they can successfully file a claim, they must show that they were acting in the interest of the company at the time they were injured.

This is an important distinction since the employer does not have control over the conditions of a home-based work environment the same way they do at an office. Our insurance agency encourages all employers to try to develop ways to improve the safety of remote employees to limit potential hazards. Some suggestions include:

Define Normal Working Hours & Job Duties – Every state has its own definitions as to what is considered a work-related injury, but you can better determine whether or not a claim is work-related by having clearly defined work hours and duties for remote employees.

Establish Home Office Guidelines –By creating guidelines and training on workstation setup and safety, you can reduce the chances of remote employees becoming injured.

Create an Outline of Remote Work Expectations – Covering everything from time management practices to equipment used, creating a detailed outline of what is expected from remote workers can help them stay focused and avoid potential issues and injuries

business owner speaking on the phone

How Much Workers’ Compensation Coverage Does Your Business Need?

As a business owner, you are responsible for the wellbeing of your workforce. Part of this responsibility includes having workers’ compensation to cover any medical bills or lost wages your employees incur due to job-related injuries. So, how much workers’ compensation insurance in Maitland, FL, does your business need?

The answer to this question depends on the nature of your business and the size of your workforce. In the State of Florida, having a workers’ comp policy is mandatory for construction companies of any size, non-construction companies of more than 4 employees, and agricultural companies of 6 regular workers or 12 seasonal workers. In addition, contractors are required to make sure that any sub-contractors have the necessary workers’ comp before beginning work.

The age of your workers and risk factors of the job will also come into consideration when calculating your workers’ compensation coverage. In Florida, the average amount on workers’ comp that employers pay comes out to $1.43 per $100 covered in payroll. Your actual payment may be more or less depending on the specifics of your business. To get a better idea of how much workers’ compensation insurance is right for you, consult with Mike Elliott Insurance Agency, Inc.

side car mirror with question mark drawn into condensation

Do You Still Need Auto Insurance in These Circumstances?

If you are driving a car, then you are going to need to purchase auto insurance in Maitland, FL. You might be wondering if that is still the case if you don’t own a car or if you are on deployment from the military. To make things easier for you, we have broken down many of the most common circumstances that might make you wonder whether you need an insurance policy or not.

I Don’t Own a Car – Even if you don’t own a car, if you plan on driving any vehicle at any point, you need to have auto insurance. Even car passengers, including those riding in taxis or other drive shares, need coverage for medical in case of an accident.

I Lease My Car – Even if you don’t own your vehicle, you still need to have insurance. In most situations, it is required to have insurance on the vehicle while it is in your possession.

I Cannot Afford Car Insurance – It is against the law to drive a car without insurance. There are a number of different ways to find more affordable car insurance, including working with an insurance agent. Driving without insurance could end up costing you a lot more in the end.

I Am Sick & Cannot Drive – If you plan on driving again someday, you should retain coverage on your vehicle. This is especially true if you have other people drive it while you are unable to do so yourself.

My Car Broke Down – Even if your car isn’t currently drivable, you are going to want to keep insurance on it. It is always cheaper to keep your vehicle correctly insured now than having to pay for a high-risk policy due to a lapse in coverage.

I Sold My Car & Have Not Found a Replacement – Even if you do not currently have a car, it is always smarter to just lower your coverage down to the bare minimum and keep up with your payments than letting a policy lapse. Not having any insurance can mean higher costs when you need to get it again.

I Am Deployed In the Military – This is the one scenario where it is perfectly acceptable to stop having car insurance. It is not a requirement for active-duty military personnel to have car insurance while they are deployed overseas. Any family members still at home, however, do need to remain insured when they are driving the family car.

work injury claim form

How Much Workers’ Compensation Coverage Do You Need For Your Business?

Workers’ compensation is a type of insurance that protects not only your business from financial loss, but it is also required by law in most states if you have employees. How much workers’ compensation in Maitland, FL, you will need depends on a number of factors, including state law and your industry.  Professional insurance agencies will be able to help you determine how much you need, but here are some factors to consider.

What Does the State Require?

Texas is the only state that doesn’t mandate that companies provide workers’ compensation for their employees. State laws further require that your workers’ compensation policies be regularly audited to ensure you are paying an appropriate amount for the risk your workers face on the job.

What is the Age of Your Workforce?

The propensity for injury increases with age. Older workers tend to have a harder time proving that their injuries or illnesses happened on the job, given their higher occurrence of pre-existing conditions. It is essential to make sure your employees are educated about their rights and what they are entitled to.

What Risks Do Your Workers Face?

Many factors affect how much workers’ compensation coverage a business owner will need and how much it will cost, including the job risks workers face. With higher levels of risk comes the need for high levels of coverage. These risk factors will determine the cost of your workers’ comp insurance.

bartender making a cocktail

Why Bars Need Liquor Liability Insurance

When customers are under the influence of alcohol, their behavior can be unpredictable. Unforeseen events ranging from rowdiness to fights to injuries, there are plenty of negative incidents that can be sparked by alcohol consumption. Selling alcohol is a lucrative part of any bar or nightclub, and these businesses are smart to protect themselves from incurring liability and lawsuits with liquor liability insurance in Maitland, FL.

Who should carry this policy?

Most states require establishments that sell alcohol, such as bars and restaurants to carry liquor liability insurance. However, many business owners don’t realize that having a general commercial liability policy isn’t the same thing. Liquor liability insurance is typically is added as a policy endorsement. The cost of this add-on will depend on the size of the establishment and the number of persons to be served. Some businesses that require liquor liability insurance but may not be aware of it include:

  • Bars and Taverns
  • Social and fraternal clubs
  • Restaurants
  • Liquor Stores
  • Organizations Where Fundraisers Sell Alcohol
  • Grocery and Convenience S
  • Catering Companies

Remember, this coverage protects bars and nightclubs from being sued for accidents and injuries that intoxicated customers cause after being served at their establishments.  As this behavior is foreseeable, it’s just smart business.

dent in rear bumper of a car

Steps to Take Immediately After a Car Accident

After an accident, you’ll likely feel scared and confused. You might not know what to do, even if you have car insurance in Maitland, FL. Understanding what steps to take beforehand can make a significant difference in the post-accident process. Even if you’re not at fault, there are still precautions to take to ensure everything flows smoothly and that you have all your bases covered.

First Steps

One of the first steps you should take when you’ve been involved in an auto collision is to call the police. Whether it’s a simple fender bender or a major crash, having a police record available to both you and your insurance company means you have access to an accurate account of what occurred.

Another vital part of the process is to exchange insurance information. The damage to your vehicle can be as minor as a scrape or so extensive that your car is totaled. In any instance, having both parties’ insurance on hand allows for each agency to settle things without stressing out the drivers.

Save yourself time and money by making sure you have reliable car insurance from Mike Elliott Insurance Agency, Inc. Our coverage ensures you’re protected in nearly any auto accident. We have your back when you need us most.

woman in neckbrace

Common Causes of Workplace Injuries

Most workplaces maintain proper safety measures. However, when something goes wrong, it can be financially devastating to the business, especially if they do not have workers’ compensation insurance in Maitland, FL. That’s why it is essential to take preventative measures, avoid cutting corners, and take the time necessary to ensure you and your employees are as safe as possible. Here are just a few of the mistakes that can lead to workplace injuries.

Taking Risks Leads to Accidents

When employers take shortcuts to save time or workers get overconfident in their ability to perform their job quickly, the likelihood of accidents grows significantly. Rather than taking unnecessary risks, proprietors are encouraged to enforce strict safety measures to ensure everyone under their supervision is protected.

Additionally, if workers are regularly using heavy machinery or any similar equipment, a lack of maintenance can cause breakdowns. As a result, dangerous consequences can occur and lead to employees getting hurt, lawsuits, or other issues.

Of course, while being proactive is important, it’s also essential to stay prepared for any situation with workers’ compensation insurance. Relying on an agency like Mike Elliott Insurance Agency, Inc. allows you to rest easy knowing you and your employees are safe.