One very common professional dream that many people have is to own their own business eventually. When you own your own business, you will have to make many critical decisions and to ensure your business is adequately protected. One important decision that you will have to make is when you are ready to purchase commercial insurance. For those that are business owners in Florida, there are a variety of benefits that come with having a full commercial insurance policy.
The vast majority of employers in the state of Florida today are required to carry workers compensation coverage. This type of insurance coverage will provide security to your employees in the event they are injured while working at your place of business. This type of coverage is extremely beneficial as it will help to ensure that you and your staff is covered. It is also required by law and having a full commercial insurance policy in place will ensure compliance.
Small business owners take on a very significant amount of liability every day they operate. If you happen to provide a product or service to customers, you are going to be held responsible in the event someone is injured using this product or service. Because of this, you will want to make sure that you are properly insured against these risks. When you have a commercial insurance policy in place, you will receive liability insurance coverage.
When you are a small business owner, you may be required to carry property insurance coverage. This insurance will cover the building that you operate out of. Carrying property insurance will be required by your landlord under the lease or bank under a mortgage agreement. This insurance will provide coverage in the event your building is damaged.
When you are looking for commercial coverage, you should reach out to GreatFlorida Insurance. The team at GreatFlorida Insurance will be able to answer all of your commercial insurance questions and help you get a quote. Contact our offices in Florida to get started.