When owners start their new business, there are some insurance coverages that they should consider adding to their policies. While not all ranges are required, everyone should have the top 9 Florida business insurance types.
Business Property Insurance
This business insurance in Florida protects the business property and assets, including any buildings, equipment, computers, and other assets. These policies also include additional protections against earning losses due to business interruption.
General Liability Insurance
In Florida, this required business insurance covers the business against third-party property damage. In addition, it covers bodily injury caused by services, products, or employees.
Commercial Auto Insurance
In addition, the state also requires commercial auto insurance for Florida businesses. Therefore, this insurance covers all vehicles used by businesses—for example, company cars, trucks, SUVs, and vans. For example, suppose employees use their cars for work purposes. In that case, drivers should consider non-owned liability coverage if they do not have insurance.
Business Owner’s Policy
This type of business insurance in Florida provides all state-required coverages in a single package. As a result, these policies can be tailored to specific business needs, resulting in significant savings over purchasing each policy individually.
Worker’s Compensation Insurance
Workers’ compensation, also known as workman’s comp, requires business insurance in Florida. This coverage provides medical […]