Prestige Insurance Group, Inc.

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Phone: (305) 969-8745
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Prestige Insurance Group, Inc.

Owning your own business involves a significant investment, all of which contain risks. However, these risks are why business insurance is a necessity. Business insurance protects your investments by minimizing the risks associated with unexpected events such an injured employee, a natural disaster or lawsuits. Business insurance is not always required by law, however, it is a smart investment to make in order to cover your assets in the case of an emergency. Instead of crossing your fingers and praying for the best, it is best to be prepared in case a disaster does happen. If your business is an LLC or a corporation, your personal assets are protected from business liabilities; however, being an LLC or a corporation does not completely protect your business from all losses.

The state government for whichever state your business is based determines insurance requirements for that state. Insurance may also be required by the state to cover specific business activities. Commercial auto insurance falls into this category. If a vehicle is often driven for work purposes, commercial auto insurance is a necessity. Finally, if a mortgage or loan is still being paid for your business property,  it is possible that the financial lender or investors may require you to maintain life, business interruption, fire, flood or other types of insurance to protect their investments. Finally, businesses with more than 1 employee should have workers' compensation insurance. Types of commercial Insurance are further explained below:


Commercial Auto

If a vehicle is driven for business purposes, you need the same kinds of insurance coverages for the car you use in your business as you do for a car used for personal travel -- liability, collision and comprehensive, medical payments (known as personal injury protection in some states) and coverage for uninsured motorists. Just like your personal auto insurance protects your personal life, investments, car and family, commercial auto insurance protects your business investments, employees and business car. 

Workers' Compensation Insurance


Businesses with more than one employee are usually required to provide workers' compensation insurance coverage for their employees. Workers compensation laws were created to ensure that employees who are injured on the job are provided with fixed monetary awards. This eliminates the need for litigation and creates an easier process for the employee. It also helps control the financial risks for employers since many states limit the amount an injured employee can recover from an employer.

General Liability

As a business owner, you need the same kinds of insurance coverages for the car you use in your business as you do for a car used for personal travel -- liability, collision and comprehensive, medical payments (known as personal injury protection in some states) and coverage for uninsured motorists. Also, general liability pays losses arising from real or alleged bodily injury, property damage, or personal injury on your business premises or arising from your operations.

Prestige Insurance Group

Prestige Insurance Group was established in 2001, first as Atlantis Insurance and now as Prestige Insurance Group. As a leading provider of home, auto, boat and commercial insurance in Kendall, Miami, Pembroke PInes, Hollywood and across all of Southern Florida, Prestige Insurance Group seeks to provide you with quality customer service and excellent insurance. We represent only the best carriers that provide superior insurance coverage. 

As an independent, full-service agency, Prestige Insurance Group offers custom insurance packages that are specifically tailored for your needs. Give us a call today at 305-969-8776 and let us help you set up the right Kendall Commercial Insurance plan to fit your business needs.
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