Commercial Insurance

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About Florida Commercial Insurance


What are the insurance requirements for a small business in florida?


Florida does not require employers to purchase coverage for every aspect of their business. However, other rules do apply. Any Florida business with four or more employees is required to provide workers compensation coverage. The amount of coverage a company needs can vary greatly from industry to industry.


Does your job make you vulnerable to lawsuits? Then you should consider policies like general liability insurance and professional liability insurance. Want to protect your property from theft and damage? Commercial property insurance is a great option. What you need will be based off what you do.


Here are a few of the top common policies for small businesses


Workers compensation


If your business operates in Florida, you’re required to purchase workers compensation with four or more employees. When an employee gets injured on the job, workers compensation insurance takes care of things like: medical bills, recovery costs, and partial missed wages.


Workers compensation insurance can help your business do three things:


  1. Pay for expenses and replacement wages when an employee gets hurt on the job
  2. Comply with Florida workers compensation laws
  3. Cover legal expenses in the event of an employee lawsuit


Professional Liability Insurance


Commonly called errors and omissions (E&O) insurance, this policy will protect your business against negligence claims. This becomes useful when you break terms in a client contract, error results in a client’s revenue loss, or negatively impact your clients business. Professional Liability Insurance doesn’t have any general one-size-fits-all policies, so all of your unique concerns will be addressed in a customized policy.


Property Insurance


Your business property is a valuable asset and needs to be protected accordingly. This includes your physical building, all the equipment and inventory. Commercial Property Insurance will help cover the costs to repair something damaged or replace something stolen.