If you own a business in Florida, Commercial General Business Liability should be a critical part of your coverage. Here is a quick look at liability insurance for businesses, what it is and how it can protect you.
What is it Commercial General Liability Insurance?
Commercial General Liability insurance coverage can protect the assets of your business in the event of a claim arising from an injury on your business property. It can also cover you if you or an employee of yours causes damage or injury. It is designed to mainly cover medical causes but can also cover punitive and compensatory damages.
Why Do I Need It?
It seems people are almost looking for reasons to file litigation today. When you conduct business with the public in Florida, you are exposing yourself to this risk. Liability coverage is often a part of your Business Owners Policy (BOP) but it can also be purchased on its own as a separate policy.
How it Works
Like most insurance coverage, commercial general liability insurance usually has limits. This is a critical issue to take a close look at, as if a claim is awarded exceeds your coverage, you will be liable for the difference.
Depending on the type of business you have, commercial general liability is just the start of protecting your business. You may want to consider business auto insurance, product liability, loss from theft or vandalism, and flood or wind damage.
Your independent insurance agency can review your present business insurance coverage and assist you in shoring up areas where it may be lacking. All Counties Insurance Agency is here to help. We can seek out quotes from multiple carriers to find terrific coverage at a price you can afford. Get an online quote or contact our office. We are pleased to serve Florida businesses with commercial insurance and can also assist you with personal lines. We look forward to working with you!