- General liability insurance, often referred to as business liability insurance, is coverage that can protect you from a variety of claims that can arise from your business operations. Coverage generally includes:
- Bodily injury and property damage liability
- Personal and advertising injury
- Products & completed operations
- Damage to premises rented to you
- Medical payments
- Professional Liability, also known as Errors & Omissions Insurance, protects against claims of professional negligence. Small businesses that provide professional services or give advice to clients should consider purchasing this coverage.
- Commercial auto insurance is liability and physical damage protection for cars, SUVs, vans, and trucks that are used for business purposes. Business exposures are typically not covered under personal auto policies.
- Workers’ comp insurance covers medical expenses and a portion of lost wages for employees who become injured or ill on the job. Employer’s liability insurance is also included to pay for court costs and legal fees if you are sued by an employee.
- Each state has its own unique set of workers’ compensation laws that employers must follow. More information on Florida’s Workers Comp requirements can be found at https://www.myfloridacfo.com/Division/WC/.
- Property insurance provides coverage for buildings, their contents, and/or the loss of income-producing ability when the loss or damage is caused by a covered peril.
- Flood insurance provides coverage for damage to buildings and/or their contents caused by flood (rising waters). Flood coverage is typically excluded from most property policies.
- Cyber insurance protects against damages caused by electronic threats to your computer systems or data. Any business that stores or processes sensitive information like names, addresses, Social Security numbers, medical records or credit card information needs cyber insurance.
Business Owners Policy (BOP)
- Business owners insurance combines both business property and business liability coverage into one package. It is popular among a variety of small and medium-sized businesses.
- Inland marine insurance provides property insurance for property in transit over land – e.g., via truck or train- or while temporarily housed by a third party. Collisions and cargo theft are the two most frequent causes of inland marine loss.