We provide commercial insurance services to a wide range of businesses and industries. Our goal is to provide the broadest coverages at the most competitive rates available. Below are some of the commercial insurance products that we handle:

We Offer Specialty Insurance Products for Security Guard Firms, Non Profit Organizations & Marina's / Yacht Clubs.

Security Guard Firms

Security Guard firms face unique risks and insurance challenges. Because of these risks, Security firms require customized, tailored insurance solutions. At The World of Insurance, we work with top rated insurance carriers to offer specialized insurance solutions to meet these needs. We can offer you packages that include:

• Comprehensive General Liability - Basic premises & operations coverage including completed operations. Limits of $1,000,000 per occurrence with a $5,000,000 aggregate.
• Professional Liability/Errors & Omissions - Including coverage for financial loss.
• Theft Coverage - Theft of client's property by both third parties and guard company employees.
• Blanket Additional Insured Coverage - Only as respects the negligent acts, errors or omissions of the Named Insured in connection with the performance of operations for the Additional Insured.
• Business Automobile Liability Coverage - Limits up to $1,000,000 CSL.
Umbrella Liability Coverage - High limits available

Non Profit Organizations

We offer comprehensive insurance programs designed to meet the unique requirements of non profit and social service agencies. Broad coverage options include general liability, property, automobile, and umbrella. Coverage includes protection for the vicarious liability of the agency for the acts of independent contractors, employees and volunteer professionals. Affirmative language for sexual misconduct is also available.

Marina's / Yacht Clubs

We work with several reputable insurance carriers to offer competitive terms, conditions and pricing. All programs are designed to provide comprehensive coverage for the unique exposures faced by operators and can be tailored to the customer's needs. Some notable coverage features include:

• Protection for a marina against liability arising from loss or damage to private pleasure craft and small commercial watercraft
• Coverage for craft and their motors and equipment when in marina's care, custody, and control for repairs, alterations, maintenance, lay-up storage, mooring, slip rental, hauling, launching, fueling and other service
• Protection and indemnity for loss of life, bodily injury, and property damage, when operating vessels in their care can be added to the policy

Workers Compensation

To protect businesses and their employees against medical and disability costs of injuries.

Workers' Compensation laws are designed to ensure that employees who are injured or disabled on the job are provided with fixed monetary awards, eliminating the need for litigation. These laws also provide benefits for dependents of those workers who are killed because of work-related accidents or illnesses.
Some laws also protect employers and fellow workers by limiting the amount an injured employee can recover from an employer and by eliminating the liability of co-workers in most accidents.

Workers Comp Insurance laws for Florida Workers comp payments: Percentage of wage a worker will receive while on disability (temporary of permanent): 66 2/3 percent.

Temporary Disability: Maximum period a worker can receive payments while on temporary disability 104 weeks. State mandated minimum payment per week if 66 2/3 percent of worker's weekly wage is less than $20, the worker receives $20. If the worker's average weekly wage is less then $20, the worker receives their actual wage.

State mandated maximum payment per week if 66 2/3 percent of the worker's weekly wage is greater than $522 (100 percent SAWW), the worker receives $522 (100 percent SAWW).
SAWW = State's Average Weekly Wage.

Permanent Disability: State mandated minimum payment per week if 66 2/3 of the worker's weekly wage is less than $20, the worker receives $20. If the worker's actual weekly wage is less than $20, the worker receives their actual wage.

State mandated maximum payment per week: If 66 2/3 percent of the worker's weekly wage is greater than $541, the worker receives $541.

How a physician is chosen for workers comp claims: Employer selects physician.
Can a worker waive his or her to workers compensation? YES
Is there a workers compensation fund managed by the State? NO
Self-insuring workers comp:
Can employers self-insure on their own? YES
Can employers self-insure through groups of employers? YES

Other state workers comp insurance guidelines Workers comp benefits are subject to offsets by Social Security benefits and unemployment insurance benefits. After maximum medical improvement is reached, a $10 patient co-payment is required for all medical services. Employers with fewer than four employees are exempt from workers compensation requirements.

Source: United States Department of Labor, Employment Standards Administration, Office of Workers Compensation Programs, Division of Federal Employees Compensation. All wage data is based on states' 1999 figures. Average wages may have changed in some states.

Disclaimer: The information in this tool should not be interpreted as legal or financial advice, or as a recommendation to buy or forego any workers compensation insurance product.

Commercial General Liability

Because mistakes happen, we need general liability insurance.
Essentially, liability insurance is there to clean up after your business's mistakes, providing coverage for claims related to negligent business activities (injury related to the use of your product, for example), or failure to use reasonable care. The insurer typically pays damages and legal defense fees as well as case-settlement charges.

How much liability coverage do you need?
This can be difficult because benchmarks really do not exist. While some brokers recommend that your coverage match that of the larges court award for a case of relevant to your business, others base recommendations on company assets.
Moreover, unlike property, which has a fixed value, liability claims do not have limitations. In this lawsuit-crazed society, the sky could indeed be the limit.
Most companies obtain basic liability coverage through a commercial general liability (CGL) form.

The CGL covers your types of injuries:
- Body injury that results in actual physical damage or loss.
- Property damage or loss.
- Personal Injury.
- Advertising Injury.

Slander or damage to reputation falls under personal injury. Advertising injury protects companies from charges of negligence that result from the promotion of its own goods or services.

How much liability coverage do you need?
Supplemental coverage most companies will need to supplement their CGL with at least two other types of coverage: automobile insurance (aka fleet insurance) and workers' compensation.
Also, if your company risks facing particular types of claims - if for example, you sell or serve alcohol, pose an environmental threat, or produce goods that could be subject to product recall - you may have to obtain special coverage.

Companies requiring higher levels of coverage than provided with their CGL often augment the policy with an umbrella liability insurance policy. Umbrella insurance provides additional coverage for areas where you are not insured, coming into effect once a certain deductible, or self-insured retention levels, is met.
Contracts for umbrella insurance are usually tailored to each account, and the risks covered are generally negotiated. probably the most important decision you will need to make regarding liability insurance is how you will define your coverage.

The key question: Should a claim be covered by a policy that was in effect? At the time the incident occurred, or at the time the claim was filed?

Time of occurrence: Traditionally, liability insurance has been based on the time of occurrence. This means the policy in effect at the time of the incident is responsible for handling any resulting claims - even if you are no longer with the insurance firm that originally provided coverage.
With this coverage, it is obviously critical to keep good track of your policies.
Linking coverage to occurrences, however, does have its downside. Unlike property claims, liability claims can be filled years after the actual occurrence - years that don't necessarily take into account inflation or today's the sky-is-the-limit attitude toward legal awards. As a result, the limits you originally purchased for coverage may be too low for today. Moreover, time passage usually makes the actual date of an incident difficult to pin down - and responsibility for coverage that much more difficult to assign.

Claims-made: Claims-made insurance is an alternative way to establish liability coverage.

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15321 S Dixie Hwy #206 Miami, FL 33157		Phone:  Fax:	(786) 573-2221 (786) 573-2224
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