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The Mysteries of Florida Work Comp

The Mysteries of Florida Work Comp
Tampa, Florida -10/25/2017 Riskywire – A newsletter of Nusurance Corp
Probably the most questions I get for Commercial Insurance is about Workers Compensation. I know that a few of you’ll who are getting this newsletter for the first time asked one of the questions I plan to address.
“ I have exempted myself from workers comp but my contractor will not accept it, Why NOT?”
The answer may not be palatable to many of you but it is the truth. Most everyone uses the term “Worker’s Comp Insurance” but in truth Worker’s Comp encompasses not one but two coverages. Workers compensation coverage and Employers Liability.
To explain this we must go back to English common law that in essence says if the Employer provides “statutory “ benefits to its injured employees, the employee is bared (with few exceptions) to file suit against the employer.  When you are signing the State Exemption you are agreeing to take care of yourself and you agree to hold your employer “harmless“
That exclusion indeed takes care of the Work Comp, for a problem for the employee. BUT what it does not address the fact that a spouse, significant other or even a third party you have a constructional relationship can and will sue the employer for your injury.
Nusurance works with many contractors that work for mega cable companies, and it seems that the larger the contractor, and the more or smarter the attorneys the more they realize that the Work Comp Exclusion will not help should the spouse sue.  Because Florida  Statute 440.10 in part states that the primary contractor is responsible for any subcontractors who are injured and have no work comp insurance, this gives the green light to the spouse or other third party, to sue the primary contractor.

Have a question on your business insurance – Call me – Christopher Kazor, CIC – 813.514.6982

Posted on Saturday, October 28th, 2017 at 5:06 pm | Filed under Riskywire

Reader’s Question – UM

Blog reader question

I have medicare as my primary and united Health as my secondary. I am presently covered for bodily injury @$250,000/$500,000. My property damage liability is $50,000 and medical payments are $10,000. My comprehensive is $200 ded and collision is $500 deductible. Is it necessary for me to continue to keep my uninsured Motorist Insurance which is $250,000/500,000 ?

Our Answer – From Christopher Kazor, CIC and Charles L. Robson, CIC

Our agency philosophy is to retain as much property  risk as you can (select high deductibles) and purchase as much liability as you can afford.  I commend you for having high Liability, but I hope you have an umbrella. Your Bodily Injury (BI) is fine but I would see if your agent can provide $250,000 or at least $100,000 for Property damage. If you have an Umbrella then you will be fine with the $50,000 as the umbrella will pick up your next dollar. As for your question on Uninsured (and Under Insured) Motorist Coverage (UM) that is a bit more complicated.


First we must explain what this extremely important coverage does. UM will pay for “compensatory” damages (that is both economic and non economic damages ) that is inflected on you by an at fault driver who has no insurance or insurance limits lower than your compensatory damages. The coverage in standard ISO policy forms as primary in an owned auto – excess in any auto. It is important to cover you and your loved ones for at least what you cover the other person. But, here are some considerations. Your personal insurance coverage, medical as well as Long Term Care. Next consideration, who rides with you, friends other than resident relatives, family. Those who ride with you do they have their own coverage.


Two things to remember, 1. UM will pay for both economic and non economic damages such as pain suffering, embarrassment from scaring, dis-figuration and loss of consortium. In most state UM disputed are settled by arbitration not a jury. Arbitration generally removes a lot of emotion from an award. In 1988 we had an insured who was 78 years old and retired. He was in a NOT AT FAULT accident. Fortunately he sustained a three inch permanent scar that ran from behind his left ear to under his chin. The arbitrator rules based on his age the scar was not significate and nothing was awarded. So with this information you should be able to ascertain what will be best for you to do. One last note, you should always carry “some” UM for those who may be riding with you

Posted on Saturday, March 5th, 2016 at 7:59 pm | Filed under Uncategorized

Bobbles Bangles Bells and Your Jewelry

Many folks are confused

How much coverage do I have for my jewelry?

This question is a very common, and the simple answer is “it depends on how the loss occurred.” Under Coverage Part “C” of your “Standard” Homeowners policy known as the “HO3” will protect your jewelry for all causes of loss except THEFT. Up to the limit of the coverage “C” which is 50% of your dwelling coverage.


Let ‘s assume your dwelling is covered under Part “an” is $300,000. Then the “Standard” Homeowners policy then you will provide you with a bag of money with a value of $150,000 for all of your personal property. That is all of your stuff. Furniture, TVs, clothes; everything that is not glued and screwed to the dwelling itself.

Florida insureds take note; it is important to understand the Citizens Insurance only offers 25% of dwelling, when taken out please take the time to talk with an agent and review your coverage.

Should you have a fire and a $9,000 necklace is destroyed then you can include the necklace within your Coverage “C” bag of money up to the $150,000 limit. However, should the $9,000 be stolen then your loss would be subject to a sub-limit of $1,500 for ALL JEWELRY.

Fortunately, there is an insurance product to cover this gap, the PAF or Personal Article Floater. A separate policy but for many companies incorporated in the base Homeowners policy, you essentially remove your items out of your coverage “C” and insure them on the PAF.

Most PAF policies require a current appraisal and the item or items are insured up to the appraised value. Next Month we will tell you more about the PAFs but should you have questions now, call us at 800 604 7249


Posted on Sunday, April 12th, 2015 at 2:54 pm | Filed under Riskywire

Forced placed insurance is not for YOU!

Forced placed insurance is not for YOU!


I have been in the insurance business since 1978. One of my biggest frustrations is that so many folks think that we here at Nusurance are only trying to sell policies to rip them off. In June of last year a gentleman who was frustrated with Florida’s high cost of insurance decided as we call it “Go Bare” and let his policies lapse. When we called him to follow up he informed us that the Bank had “Given” him coverage at one third of what we were charging him.

His home was insured for $188,000 and the balance of his loan was only $55,000. On the phone he says he was told by the customer service representative that this was the same kind of insurance as we had sold him. Now frankly this was true but what the service rep failed to explain was although the coverage was the same the policy would only cover for the limit of $55,000. The $55,000 was only to cover “Their Interest” which was $55,000.

On January 18 of this year, his home burned to the ground. He called me last week to see what I can do. He was told that his mortgage was paid off and he would be receiving a satisfaction of mortgage letter. But that is the only thing he would receive from the insurance. His home would not be replaced, his personal property would not be replaced and he would have to pay for the hotel his family has occupied for the last week.  Under a standard homeowners policy his home would be replaced up the policy limit, he would be able to go shopping for all new persona property up to ½ of the limit for his home and we would have an additional bag of money of at least 10% (up to 30%) to pay for his hotel and expensed he incurred while out of his home.

Of course he is now looking for someone to sue, we have our communication and copies of quotes we have sent him he beef is with the bank but unfortunately the person was truthful, the coverage was the same what was omitted was the limit and the person who was to be covered. Here the bank was “the person” covered for their interest and THEIR INTEREST ONLY!  His policy had been lapsed for over 7 months – we had called him and quoted alternatives, there was nothing else we could do.



Posted on Wednesday, February 5th, 2014 at 10:20 pm | Filed under Homeowners Insurance, Riskywire

Business owners – What exactly is the statute of repose?

What exactly is the statute of repose?

Beware you may not like what you read here.
OK, that project is done; let the insurance lapse until we get another
job. Regrettably, this seems to be the attitude of many in the
construction – service business. Unfortunately, we are living in
extremely litigious times, and when there is an issue with a construction
site or a product defect, attorneys are diligently looking for anyone to

Enter the  statute of repose. The what?

According to uslegal.com, a statute of repose provides a date upon which
the action no longer exists, whether it has accrued by that date or not;
it entirely cuts off an injured person’s right of action even before it
accrues. It is a stricter deadline than a statute of limitations because
it may not be tolled by fraud, discovery of injury, etc.

Note the definition states the statute of repose is a stricter deadline
that the statute of limitations, which incidentally are different in every
state. (Click here for your state). If you are in go out of business; do
not think for a minute that once you are out of business you are immune
from a lawsuit from your past work.

If you were required to maintain a license; there is a reasonable chance
you can be hunted down and sued for something you did or failed to do
years ago.

First, if you are in business you must maintain a General Liability policy
without a lapse even through the slow times.

“Quitting the Business. What to do? This would be an excellent time you talk
with both your attorney and your insurance agent. If your business is sold,
acquired, or taken over by a family member have, your attorney draft into the
agreement that you become a director emeritus (for life). This way anything
that would come to haunt you from your past you will have defense and coverage
to pay a claim.

Going out of business is more problematic, you may be eligible to purchase
a discontinuation of operation policy. If that is not available it may be
advisable to maintain a minimum policy in force to survive the statute of

Posted on Saturday, October 26th, 2013 at 2:24 pm | Filed under Commercial Insurance, Riskywire

What is the difference between Business Income Insurance – Business Overhead Insurance – Key Person Insurance.


What is the difference between Business Income Insurance – Business Overhead Insurance – Key Person Insurance.
A newsletter of NuSurance Corp
(C) NuSurance Corp


As those who know me know, I love to talk about insurance and will take any opportunity to field questions. Just recently I had a physician ask me what they needed to adequately protect the practice. This is truly an open-ended question of which I could talk for hours but the question more specifically is how to protect the business from interruption.

What could interrupt the practice’s daily operation?

1. Weather, Fire or some other peril or natural disaster could render the physical plant (office) useless.

2. The Disability of the Principal.

3. The Death of the Principal.

Those of you, who live in Florida or any coastal state, realize that Mother Nature can be a bitch (sorry but true.) Those living in Florida in 2004 – 2006 remember the devastation that occurred. Not only were homes impacted but also businesses, big and small. The business owners relied on coverage called, Business Interruption Insurance also known as Business Income Insurance and some insurance academics refer to it as Time Element Coverage. That is you are covering the loss of time, since we all know time is money.

Whatever name you prefer, it refers to a property insurance coverage that will cover the loss of income that a business suffers directly from a natural disaster, arson, or even terrorism, if you have selected that coverage. This policy comes in two parts, one defining how the income will be calculated as well as how it will be paid out. The other part will be a list of things that can happen to the practice that will trigger the payment. The list of Perils are usually Basic, Broad, and Special or what is known as “Open Perils” with the latter being the broadest and what all should consider.

Once one of those perils damage the facility, in whole or in part, and make it inoperable, the coverage will “Trigger”. After a negotiated waiting period, which was selected at the time of application, usually three days, the policy will then pay monies to cover the business expenses and even the profits of the business until which time the damaged facility can be repaired or replaced, or the practice is moved permanently to another location.

This coverage may be purchased by adding it to a BUSINESS OWNERS POLICY (BOP) or to purchase it on stand-alone basis. Generally, for most practices, adding it to your BOP will be the most efficient way to add this valuable coverage.

Three notes here, first, if you are adding this to your Business Owner Policy, make sure the limit are sufficient to cover a time frame that you think will be reasonable to replace your facility or repair it. Second, ask your agent if “Extra Expense” coverage is available. Finally realize that one of the major flaws for flood insurance is there is NO business interruption contained in the policy.

The Disability of anyone is devastating. But for a business owner this can be excruciating, if they have neglected to purchase Business Overhead Expense (BOE) or Business Expense Insurance Coverage. This is sold by a licensed life and health agent and is considered a “Health” related product. A disability insurance policy is needed to replace the income of a person but a business owner must have two. One policy is needed to cover the loss of their income and the second is to cover the business overhead. Upon the disablement of the principal (as defined in the policy), the policy pays a monthly benefit based on actual expenses, not anticipated profits. These policies are designed for businesses that rely on a few people (or one person) to produce revenue.

Please Note – It is extremely important to request an explanation of the definition of “disability” as this is a price point issue and if you are not careful the cheapest option may become a very expensive decision.

Finally the ultimate, death of the principal obviously can cripple a business. Here the big question is what are the desires of the principals and the families? The desires are expressed in what I call a business will, purchase agreement or perpetuity plan. Strangely enough insurance agencies must have a perpetuity plan before a company will contract and let an agency market their insurance product. The plan outlines what will happen after the principal passes. Who will ultimately run the business? Do you have a friendly competitor? If you are a sole practitioner, perhaps you may want to engage in an agreement for them to purchase your practice after your death. Partners or other stockholders absolutely must have a purchase agreement if that is the desire of the principal. Whatever the agreement, make sure the agreement is funded and the best funding mechanism is a “Key Person” life policy.

I know the next question is what about the deductibility of these policies? And this is where I refer you to your accountant.

For more information contact Nusurance and we can have an agent cover any questions you may have.

Christopher Kazor, CIC, Lutcf

Posted on Wednesday, June 26th, 2013 at 9:07 pm | Filed under Commercial Insurance, Riskywire

Health reform Help!


  I do not have health care now because I cannot aford it. What will happen?

Nusurance Answer: You will need to sign up between October 1 and December 7th for Coverage Starting January 1, 2014. Please reference the chart below, if your family falls into 100% of the Federal Poverty level you will have to sign up with the FLORIDA PUBLIC HEALTH EXCHANGE, which will be operated by the federal government (not through an Agent or Agency). At this your entire cost for health care (@ 100%) will be subsidized under Medicaid. If you are above 100% of the poverty level you will get subsidized. How Much? Go to the Nusurance health Exchange  — www.southeasthealthexchange.org

Here you will find a subsidy calculator.  



48 Contiguous States and DC

Note: The 100% column shows the federal poverty level for each family size, and the percentage columns that follow respresent income levels that are commonly used as guidelines for health programs.

Household Size































































For each additional person, add







Posted on Tuesday, June 11th, 2013 at 7:12 pm | Filed under Health Insurance Reform

Health Care Reform Questions !

Health Care Reform Questions !

Q.  What is a Health Insurance Exchange?

A. There will be PUBLIC Exchanges and PRIVATE Exchanges. The PUBLIC Exchanges will be run by either the State Government, The State and Federal “Cooperative” Partnership, or Federal Government. PRIVATE Exchanges are / will be portals to insurance agents or agencies.

Q. What is the difference between the two?

A. Based on an individuals personal situation they may be eligible for some premium relief in the way of subsidies. You will be able to apply for those subsidies ONLY THROUGH A PUBLIC EXCHANGE.

Q.Will I be able to purchase the insurance between the exchanges?

A. Yes, if you are entitles to subsidies you will purchase through a PUBLIC EXCHANGE, otherwise you may use a PRIVATE EXCHANGE?

Q. If I do not qualify for subsidies can I use either exchange?

A. Yes.

Q. Then why should I use a PRIVATE EXCHANGE?

A. There will be a wider variety of plans and price selections on the PRIVATE EXCHANGES.

Q. What is a navigator ?

A. Navigators will be employed by or contracted by the PUBLIC EXCHANGES. Their duties primarily will be to help individuals access their qualifications for premium subsidies and explain the process.

Q.What will agents do.

A. Explain coverages for individual and families and suggest which products for the needs of the insureds.

If you have a questions ask it here  :

Health Care Questions Answered

Are you confused about Health Care in 2014?
  • Individual or Business - We have several of our agents in class to learn about the up and coming Health Changes - We will do our best to answer your questions and reference our answers .



Posted on Monday, June 10th, 2013 at 8:04 pm | Filed under Health Insurance Reform

Do I have Higher State Limits in another State?

Sarah asked:

If I have auto insurance in Florida and  If I am involved in a car accident in another
state with higher minimum liability amounts, is there an “Out of State
Insurance” provision that would raise my limits to the state’s minimum
liability amounts that the accident happened in?


Our Answer

Excellent Question!

Unfortunately what is believed by most as the State minimum,
PIP and $10,000 or property liability DOES NOT meet the Florida Financial responsibility

Financial Responsibility

Chapter 324, §324.011 F.S., Purpose of the Law, states: It is the intent of
this unit to recognize the existing privilege to own or operate a motor vehicle
on the public streets and highways of this state when such vehicles are used
with due consideration for others
and their property, and to promote safety and provide financial security
requirements for such owners or operators whose responsibility is to recompense
others for injury to person or property caused by the operation of a motor
vehicle. Therefore, it is required herein that the operator of a motor vehicle
involved in an accident or convicted of certain traffic offenses meeting the
operative provisions of §324.051(2) shall respond for such damages and show
proof of financial ability to respond for damages in future accidents as a
requisite to his or her future exercise of such privileges


Operation of the law is triggered
by an accident which involves: bodily injury; or property damage when a vehicle
is rendered inoperative; or certain serious traffic violations, such as driving
under the influence and committing a felony with a motor vehicle. If, at the
time of the occurrence, there is auto liability insurance in effect with limits
of not less than 10/20/10, the law’s requirements are satisfied.
Alternate ways that satisfy the law include being a qualified self-insurer or
posting a bond or cash that guarantees responsibility for the 10/20/10 limits.

The law continues :

The Personal Auto Policy, as well as other standard policies provides that limits
afforded will meet the minimum requirements of law in other states. Thus, for
example, a Florida insured with limits of 10/20/10
may be in a state that requires 25/50/10; the policy will be interpreted as
affording such limits under those conditions wherein it is required of the

According to our interpretation of this law if AND ONLY IF, you
carry 10/20/10 to meet the Florida Financial Responsibility
then AND ONLY THEN CAN YOUR Florida policy be liberalized to meet
the Financial Responsibility law of another state.

If you carry PIP and PD or $10,000 ONLY  then NO, you are out of luck!


As always – This opinion is based on a FLORIDA “Standard ” auto policy. A review of your complete policy is always necessary. Council with your own agent or attorney for more details for a specific claim or situation on your policy


Christopher Kazor, CIC



Posted on Monday, June 18th, 2012 at 6:49 pm | Filed under Uncategorized

Mercury Insurance Named One of ‘America’s Most Trustworthy Companies’ by Forbes

Great News For Mercury Insurance —  Let us Quote you with them —

Call us 800 604 7249 Today


Posted on Thursday, April 5th, 2012 at 5:34 pm | Filed under Uncategorized