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Commercial Insurance Lines - General Liability

Commercial Property Insurance
If you run a business that requires the use of a commercial building, you will need property insurance. It is no surprise that the sunshine state brings about many unforeseen disasters. From tornadoes to tropical storms, Florida’s extreme conditions regularly bring harm to residents and businesses. Don’t wait until it’s too late! Make sure you are protected now to make sure you are not wishing you could turn back time later. A typical property insurance will finance any damages to your property. Even if your business involves more than one building,

Commercial General Liability Insurance
General Liability is the most prominent type of Business Insurance Florida. This policy protects you against legal provocations from lawsuits and legal claims. These claims may arise from instances such as an employee or customer being injured while at the work site, accidents due to work circumstances, and other tort cases involving a claim of negligence on your part. With this policy, you will be defended against legal and operational fees in case of claims against your company for injuries, property damage, and even libel, slander, or false advertisement.

Product Liability Insurance
Depending on the market your business incorporates, you may be in need of Product Liability Insurance. Business Insurance Florida will be your guide to forecasting the business insurance demands of your organization. If your business entails selling tangible goods, this insurance policy is highly suggested. It is especially helpful for companies such as retail stores, grocery distributors, and wholesalers, not to mention medicine manufacturers. Most often this type of policy is bundled with a general business insurance policy. There is a high risk that legal issues will arise in event of any type of injury due to the use of a product. Product liability insurance keeps your assets safe in case of a defect in the design or manufacturing of your product. It also covers something called “marketing defects,” which occurs when a company fails to warn their customers about some danger of using the product. This can lead to a claim of negligence.
Business Umbrella Insurance - Even if you carry General Liability Insurance for your business, you might face a repair, settlement, or judgment in excess of your coverage limit. Without Business Umbrella Insurance (also sometimes called Umbrella Liability Insurance or Excess Liability Insurance), you would have to pay the uncovered expenses out-of-pocket. For a single premium, a Business Umbrella policy adds another layer of protection to any of several other policies that you might carry, including General Liability, Employer's Liability, and Hired and Non-owned Auto Liability policies.

Professional Liability Insurance
This type of coverage, sometimes referred to as “malpractice insurance” or “errors and omissions insurance,” is meant for businesses that offer professional or personal services. It is usually required for certain professional fields such as medicine or legal services. This policy is unique from product liability and general liability business insurance. It caters to claims and damages that occur due to failure to provide your service or incorrectly carry out a service. These acts may lead to personal injury, physical or emotional, as well as copyright infringement.

Commercial Auto Insurance

Similar to commercial property insurance, commercial auto insurance covers losses in case of accidental damages to your work-related vehicle. Not only does it entail the cost of vehicles damaged, it includes personal injury or property damage costs. Don’t allow your business to suffer from unexpected circumstances such as these.

Home-Based Business Insurance
Contrary to popular belief, homeowners' insurance policies do not generally cover home-based business losses. Depending on risks to your business, you may add riders to your homeowners' policy to cover normal business risks such as property damage. However, homeowners' policies only go so far in covering home-based businesses and you may need to purchase additional policies to cover other risks, such as general and professional liability.

Workers Compensation Insurance
Florida’s Worker’s Compensation Law entails that employers offer coverage for workers’ compensation. This type of business insurance is particularly demanded by those in the construction industry. Even if you only have one employee, you must carry this type of coverage. If you are involved in a field of work other than construction but sustain four or more employees, you are also forced to obtain this policy. It comes into play if and when an employee suffers a work-related injury or illness. Rates for these policies are calculated based on an average rate of injury for your business type. It also takes into account the amount of hours your workers spend at the labor site.