Purchasing insurance to help safeguard your Florida business against unexpected events, employee injury and some natural disasters may seem complicated, but it doesn’t need to be. Insurance providers offer a variety of coverage options, so you can obtain the right coverage and the most appropriate amount for your business requirements.
Typical business policies to consider:
• Business property: This type of insurance helps financially protect your business property and premises against unexpected events such as theft, vandalism and fire.
• Business liability: Property damage or injury caused by you or an employee to another person may result in a lawsuit being filed against your business. Business liability insurance may help pay for any financial losses that arise from that lawsuit.
• Workers compensation: In the state of Florida workers’ compensation insurance is mandatory for all businesses. This coverage ensures an employee’s medical bills can be taken care of if they have an accident in the workplace or develop a disease related to the workplace.
• Business auto insurance: This type of insurance provides financial protection against losses if you or your employees’ are at fault of causing damage to other drivers or pedestrians on the road.
Although you may have already purchased insurance coverage for your business it’s a smart idea to review your policies at least once a year. As your business continues to thrive and expand its vital your coverage amounts are increased to match.