Leaders In Commercial & Business Insurance

At GGA Insurance & Bonds – one of Florida's top insurance agencies - your security is our mission. We simplify risk management with class-leading commercial and business insurance in Miami, FL.

360 Degree Insurance

Insurance Plans That Cover All Your Business and Personal Insurance Needs

Business is fraught with the risk of accidents, losses, lawsuits, and more. Thankfully, our Miami business insurance and commercial plans minimize their detrimental impact so that your operations and finances remain stable. Learn More

Stay strong and prepare for life’s uncertainties with our personal insurance services. Be it accidents, illness, or injuries,  you are covered for the inevitable lows of life. Learn More

Projects are inherently risky endeavors. Hence, the need for surety bonds from top underwriters that pay for covered losses. Project sponsors and contractors can now proceed with confidence. Learn More

Risk management is paramount for operating a company smoothly; however, risk management is complex. Hence, it is best left to the experts with decades of experience, like GGA Insurance & Bonds – one of the leading business insurance companies in Florida. Learn More 

Stay Prepared with GGA Insurance & Bonds

Adversity in some form or the other is imminent. It is not a question of if but when disaster will strike. All around us, we see innumerable examples of accidents, losses, and lawsuits. The construction industry is a case in point. Despite increasing safety awareness, it still sees around a thousand deaths each year, according to the BLS. Well over 150,000 workers are injured annually in this sector alone. Surely, there has to be a way of dealing with the fallout from such catastrophes.

GGA Insurance & Bonds, a leading provider of business insurance Miami and one of the top Florida business insurance companies, gives you access to the best insurance plans from prestigious underwriters so that you are covered for just about any contingency.

Commercial & Business Insurance

commercial & Business insurance

Commercial and business insurance is designed to financially safeguard your business against sudden losses from covered events like accidents, injuries, property damage, natural disasters, and lawsuits, to name a few. Various Miami business insurance plans are available that cover several kinds of risks. You should know about these plans, their benefits, what they cover, and, equally importantly, what they don’t cover. This way, you will not be left exposed to any potentially catastrophic threat.

This is why you should get in touch with trusted business insurance companies in Florida, like GGA Insurance & Bonds, who possess profound expertise thanks to long experience in the field. We meticulously analyze your business operations to suggest the optimal coverage level that will prove adequate for you.

General liability Insurance covers you for financial losses that emanate from covered events like injuries and property damage for which your business is deemed liable. Advertising injury is also covered under this plan. For example, a court case may be filed against your business, claiming misleading ads on your part that allegedly caused damages to the plaintiff. This insurance plan covers acts of negligence such as the following:

During a visit to your commercial premises, a customer slips and falls due to a wet floor or other hazard.

Or, your construction employee fails to turn off the water supply due to which your client’s property undergoes water damage.

Commercial vehicles require a special plan called commercial auto insurance that covers risks inherent to this asset class. The plan will pay for damages inflicted on your vehicles due to accidents and other covered factors. Remember that your auto insurance policy does not apply to your commercial vehicles. Commercial vehicle insurance can provide the following coverage for commercial vans, trucks, and automobiles.

  • Comprehensive and collision coverage.
  • Liability coverage that may include uninsured motorist, property damage, and bodily injury coverage.
  • Coverage for costs that result from vehicle accidents, like towing costs, vehicle repairs, and medical bills.

Workers compensation insurance provides financial benefits to your workers who get ill or injured due to workplace conditions. Florida mandates this type of insurance to protect workers’ rights. Workers compensation insurance is necessary for protecting you in case your injured or ill employees file a court case against you claiming that your business is liable for losses they have suffered. A good South Florida business insurance plan typically includes benefits like payments for rehabilitation expenses, lost wages, and medical bills that your workers have endured as a result of their work. If an employee is killed at work, their family will receive death benefits under this plan. 

HOA insurance refers to a commercial property insurance plan that covers various liabilities and property damage to the premises that your HOA controls. This insurance plan is vital for HOAs since it provides financial benefits that the HOA may have to pay itself if it did not have this plan. HOA plans, in general, provide coverage in two main ways. They can pay for physical damage to places that the HOA manages. It also pays for legal defense costs that the HOA may incur if it is sued for injuries or property damage. For example, it will cover the HOA in case a person files a lawsuit for a slip and fall injury in the HOA-controlled area.

Protect Your Valuable Personal Assets with Personal Insurance

Personal insurance is necessary for covering you against key risks in life like accidents, injuries, and property damage. In particular, your most expensive personal assets like the car and home are vulnerable to various threats that you should be ready for. In case you are not ready for these threats, then you will have to pay out of pocket when disaster strikes.  The costs of such catastrophic incidents can be prohibitive. For example, without homeowners insurance, you will have to pay a huge amount out of pocket if a fire burns down your home. Hence, you should give due regard to the following personal insurance plans.

Surety Bonds – the Solution for Mitigating Project Risk

Surety bonds pay benefits to project owners to compensate them for covered project risks that have transpired. These bonds typically guarantee that the contractor will execute all responsibilities assigned to them by the project owner under the contract. If the contractor fails to meet all obligations and the project owner incurs extra costs to fulfill said obligations, the surety bond will compensate the project owner for costs thus incurred.

Insurance carriers and surety firms provide surety bonds and pay benefits when they become due. Contractors buy these surety bonds to provide assurance to project owners. Hence, surety bonds involve three parties: the insurance carrier, the contractor, and the project owner.

In short, surety bonds protect the financial interests of project owners. These bonds often include:

Mitigate Risks to Your Business via Expert Risk Management

Risk management is vital for business success. Responsible business owners give due regard to risk management to avoid lawsuits, injuries, damages, and other adverse events that can greatly harm their business. GGA Insurance & Bonds, specializing in business insurance South Florida, recognizes that comprehensive risk management is paramount to protect your business interests and assets.

You can greatly alleviate worksite risks via our job site visits and safety analysis. In case risks do transpire, our streamlined claim management provides timely benefits so that you can control the ensuing financial fallout.

No responsible professional should go without professional liability insurance. In fact, most professional and licensing organizations require this key insurance plan. During your professional duty, you could make the wrong call owing to a genuine error. This can have catastrophic consequences, and you can get sued. This is where professional liability insurance kicks in to safeguard your financial interests.

For example, it will pay the legal costs of defense. If the court orders you to pay compensation for damages caused by errors in your professional judgment, this policy will pay benefits up to the specified limit. This is a key benefit since it empowers you to engage in your profession with high confidence and assurance. However, it does not pay for intentional acts.

Umbrella liability insurance can help your business in two main ways. First, it can increase the coverage limit on your existing policy so that you have the protection level you need.

Second, it can widen the scope of coverage. As a result of umbrella liability insurance, your insurance plan may now cover things previously not included in your underlying policies. For example, if your commercial auto insurance covers a certain area, the umbrella package could widen the area covered thus.

As you can see, umbrella liability insurance widens the coverage net and boosts benefits limits so that you get greater value on your insurance plan. Hence, it is at the core of business insurance South Florida.

Garage keepers liability insurance protects entities that must keep client vehicles in their possession on their commercial premises. So if clients’ cars are damaged, then the plan will pay benefits up to the specified limit to cover such losses. Entities that often need garage keepers liability insurance include vehicle repair shops, body shops car washed, service stations, towing firms, and auto dealers. Such entities have a lot to worry about since they have vehicles in their custody, which are quite expensive. Hence, they need to cover these vehicles for threats like theft or storms.

Cyber liability insurance has never been more important with the rising tide of cybercrime.

Cybercrime is proliferating at a shocking rate. Virtually all recognizable brands have gone through some data breach due to cybercrime. SMEs are even more vulnerable since they lack dedicated IT security teams and the financial strength needed to recover from such attacks.

Cyber liability insurance pays for costs incurred as a result of recovering from a cyber attack. The plan also covers legal defense costs in case you are sued for the data breach. Hence, responsible business owners need to take out cyber liability insurance to protect themselves against data breaches that can have catastrophic financial ramifications.

As the name implies, employment practices liability insurance deals with employment-related procedures and policies against which employees file legal claims. Employees can allege various things against their employers in court, like discrimination, retaliation, emotional distress, harassment, employee benefits mismanagement, failure to promote, failure to employ, and so on. Such employment-related claims are emerging as a key threat to business owners.  As hapless business owners find out the hard way, they get sued even when they have been fair to their employees. This is due to factors like increasing legislation that gives greater rights to employees. Hence, an EPLI plan is vital for covering legal defense expenses that can arise due to the aforementioned employee claims. Thus, it is a key component of business insurance South Florida.

OCIP stands for the owner-controlled insurance program. While CCIP stands for contractor controlled insurance program. The purpose of these plans is to combine the policies of all project stakeholders into one plan so that everyone is covered. Such a consolidated approach can have several benefits. To begin with, everyone is adequately covered. Hence, there is less risk that a stakeholder may be underinsured.

Project efficiency is also boosted. Project stakeholders can focus on their primary work without having to worry about insurance matters since someone else will take care of it. Also, cost savings may be realized. Hence, there are numerous potential benefits to such consolidated plans.

All Plans That You Need for Risk Mitigation & Control

Depending on your personal situation and line of business, you may need specialized insurance plans that provide extra protection. These cover risks that you may face due to your unique circumstances.  Be sure to consult with us to identify all hidden risks you may be oblivious of. This way, nothing will fall through the cracks and you will have the financial protection you need in case these risks materialize. Here are some viable South Florida business insurance plans that can help you in this regard.

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GGA Insurance & Bonds Leads the Way in Insurance and Risk Management

The aforementioned insurance products that we provide can address virtually all of your business and personal insurance requirements. We have teamed up with the best insurance underwriters so that you have access to the most flexible insurance products that will benefit you most. GGA Insurance & Bonds provides expert advice on how much coverage you need so that you have adequate protection. We take pride in providing surety bonds and commercial insurance that provide high value to the construction industry and several other sectors.

Contact our team today for expert advice on your specific insurance requirements.

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Frequently asked questions

The only types of commercial insurance legally required in Florida are workers’ compensation insurance and commercial vehicle insurance. However, depending on your business model and operations, you may need more types of insurance policies. This will give you the financial backing you need to counter risks as they materialize.

Surety bonds are vital for all industries, in particular, they are the mainstay for the construction sector. Surety bonds protect project stakeholders. Project owners receive benefits for covered losses. Contractors who possess surety bonds backed by prestigious entities can win the trust of project owners and thus land more projects.

Only auto insurance is legally required in Florida. However, stipulated limits are too low for most. Also, homeowners insurance, although not required, is extremely important because your home is a key asset that needs protection. So if your house goes down to a fire or storm, you will be on your own without homeowners insurance. You will have to pay out of pocket then.

Several factors can influence your auto insurance rate, including (but not limited to) claims history, vehicle type, driving record, credit record, marital status, age, and deductible amount. The good news is that leading insurance carriers give you ways to lower your auto insurance rates. Consult with us to find out more.

GGA Insurance & Bonds provides comprehensive risk management services to control and mitigate business risk. Our job site visits help uncover hidden threats and safety hazards that can lead to injuries. We also carry out a safety analysis to outline a viable risk mitigation strategy. Plus, we have streamlined claims management to ensure that you receive benefits fast when they become due.

It is best to consult regularly with insurance experts to ensure that you are growing business is adequately covered. Our experts can identify insurance coverage needs for your growing business so that it is never underinsured. With increased assets, you will need greater protection. So feel free to reach out to us for your most pressing insurance concerns.