How do you know what insurance you need for your business? When you are looking for commercial liability insurance in Florida, you should ask a few questions to better understand how a commercial liability policy can help you and your business.
What risks does my business face?
Each industry comes with certain risks. Many insurance companies offer a comprehensive policy called a business owner’s policy which can cover most of your risks. Your insurance agent can discuss with you the risks your business may face and how to cover them so your business is protected.
How much coverage do I need?
Even businesses of the same type have different risks. You may want to add a few individual coverages to protect risks unique to your business if you buy a business owner’s policy. For example, you might require liquor liability insurance if your restaurant plans to sell alcohol.
What does my policy exclude?
Though most business liability policies include most of the coverage your business needs, there are usually a few exclusions. Some coverages may be available separately from a regular commercial liability policy. You should also be aware of liabilities excluded by state law.
Commercial general liability insurance in Florida can help protect your business from financial losses due to injury or physical damages. Your insurance agent would be glad to answer any questions you have about your commercial liability insurance.