Dont Forget Florida Commercial General Liability Insurance!

Don’t Forget Florida Commercial General Liability Insurance

As a business owner in the Sunshine State you realize that you can’t afford to spend time in court, or the few precious resources that you have, fighting lawsuits and other oftentimes-frivolous claims. Naturally, because you understand the value of having satisfied customers, you do your best to provide both good service and a positive work environment.

Unfortunately, that isn’t always going to be enough. Although having Florida commercial general liability insurance can’t keep unsatisfied customers and other possible claimants from bringing a claim against your company, it can help to further minimize the damage that may occur due to those claims.

General liability insurance is critical

Whether you operate a small business out of your home or employ hundreds of workers at your place of business, you will absolutely need to have general liability coverage. This is a basic liability policy that covers common risks related to day-to-day operations.

Most small businesses are able to combine this coverage with business property insurance in a business owners policy (BOP), which is a convenient way to protect your property and any liability concerns all under one simple plan. Depending on your industry, you may even have the option of purchasing specialized general liability packages that can be customized for your business.

Depending on the size and scope of your business or organization, you’ll want to make the right choices regarding the type, and amount, of liability insurance that you’re going to carry. Most Florida employers need to have, at the very least, the required minimum workers compensation insurance in order to protect employees as well as your company in the event of on-the-job injuries. Other available liability coverage includes:

  • Employment practices liability insurance (EPLI) to protect employers against employment-related claims not associated with on-the-job injury
  • Errors and omissions insurance (also called professional liability insurance), to protect licensed or certified professionals in the event that a mistake causes damage to a client or third party
  • Directors and officers insurance (D&O) to protect the board, officers, and others in governing or executive positions at an organization in the event of negligent acts, omissions, misleading statements, or unethical actions.

Don’t let a lack a proper coverage threaten your company and put your personal finances at risk. Speak to an agent about Florida general liability insurance for your business today.