Coastal Select Insurance Blog
View the latest blog posts from Coastal Select Insurance.
Wednesday, June 1, 2022 The subject line are two terms that go hand-in-hand. Moratoriums are a temporary prohibition or pause specifically to taking on new property insurance risks when a tropical threat is bearing down on a geographical area. Moratoriums are set differently by every insurance carrier and company and they can do so at variable times during hurricane season. READ MORE >>
Sunday, May 22, 2022When faced with the promise of a new year, many people look ahead – leveraging lessons from the prior year to chart a path forward, overcome obstacles, and reach for a new goal. The best in the insurance industry often do the same thing as they examine market conditions and strive to meet client needs in an ever-evolving landscape. READ MORE >>
Tuesday, April 26, 2022 Worker's Compensation Worker's Compensation continues to remain the only coverage line where rates generally remain flat or in negative territory, with an overall rate decrease approximately 6%. That said, Work Comp continues to trend favorably in terms of rates, discounts and credits. READ MORE >>
Sunday, April 10, 2022 2022 Insurance PRO TIP #11 (State of the Commercial Insurance Market and Rates update #1): Coastal Select Insurance's 2nd QTR PRO TIPS will focus on Commercial and Business insurance rating projections to give our business owner followers a means to project and plan financially. READ MORE >>
Thursday, March 10, 2022
2022 Insurance PRO TIP #10: Starting a business? Already own a business? Here are some professional tips when considering your company's insurance needs.
Every business is different. Whether you're opening a retail sales shop, providing contracting or construction services, or opening a fi... READ MORE >>
Thursday, March 3, 2022 Umbrella Policies (aka Excess Liability) Umbrella policies are liability policies that either households or businesses buy to give them additional liability protection in the event that an accident or mishap occurs, resulting in personal or property damage, that is directly their fault or the fault of someone who works for them. READ MORE >>
Thursday, February 24, 2022
2022 Insurance PRO TIP #8: DO CONTRACTORS REALLY NEED GENERAL LIABLITY INSURANCE? (It seems so expensive!!)
Contractor General Liability Insurance protects contractors financially from amounts they are legally responsible to pay due to damages or medical payments because of bodil... READ MORE >>
Sunday, February 20, 2022 Water backup coverage is one of the most useful homeowners insurance endorsements, protecting your home and personal property from sewage or sump pump backups. Standard homeowner's insurance generally covers sudden and accidental water damage that originates in the home. READ MORE >>
Friday, February 18, 2022 Flood Risk Rating 2.0 and you. On October 1, 2021, FEMA released Risk Rating 2.0 which, in essence, updated the National Insurance Flood Program (NFIP) to focus more on individual property risk vice the previous "one size fits all" approach that they have been using for decades. READ MORE >>
Sunday, February 13, 2022Insurance companies selling business insurance offer policies that combine protection from all major property and liability risks in one package. (They also sell coverages separately.) One package purchased by small and mid-sized businesses is the business owner's policy (BOP). READ MORE >>