Florida Business Insurance: Sunshine State Security
The thrill of starting a new business can often make you overlook some of the basics of protecting your business. Do your research and don’t take things on face value. For instance, even though Florida is the Sunshine State, it receives more lightning strikes than any other state. Insurance is your protection against threats, whether they come from the sky or from angry customers. You need to cover your business property from damages and yourself from lawsuits. Comparing Florida business insurance quotes online lets you find great coverage and save money.
Coverage for All Business Types in Florida
Business owners have a enough to worry about which is why netQuote offers business owners coverage to meet all their business needs.
- General Liabilty Insurance (GL)
- Commercial General Liability Insurance (CGL)
- Business Owners Policy (BOP)
- Commercial Auto Insurance
- Commercial Property Insurance
- Commercial Umbrella Coverage
- Workers Compensation
- Professional Liability and Malpractice (E&O and D&O)
- Commercial Crime
- Employess Benefits which includes Life and Health
Remember, insurance is not just an important consideration for the big businesses based in Florida. Small business insurance is important as well.
Hurricanes and Your Business Insurance
Whether your business has been around for decades or it’s brand new, there’s no excuse for ignoring history: Florida is the most hurricane-prone state in the country, which is why we are dedicated to providing the commerical insurance Florida business owners need. If your business has been around for a few decades, you may have experienced some of the $25 billion in damages caused by Hurricane Andrew. But even if you’re new to the area, you probably experienced Hurricane Irma that caused DisneyWorld to shut its gates for only the fourth time in its history. Storms are always a concern for Florida businesses.
Your insurance policy should include coverage for your business property. Remember as you search for business insurance, Florida has some particularly important factors to keep in mind. While a standard property policy will cover wind damage, it might also be expensive, given Florida’s propensity for wind events. Don’t let that deter you. Instead, keep shopping for better insurance rates. Jumping on the first policy you see can end up costing you significantly later on.
Also, review any policy carefully to determine the extent of contents coverage. If all of your computers are destroyed, do you have enough coverage to replace them? Finally, make sure all of your possessions, from your office to company cars, are insured against flood damage. This will require you to buy a separate policy, usually from the federal National Flood Insurance Program. For a small business, this policy can cover both your building and contents up to $500,000.
Liability and Florida Business Insurance
Protecting yourself and your assets from lawsuits is a crucial part of commercial success, since not everyone is as dependable as Tim Tebow. When you search for Florida business insurance quotes, remember that one of these liability coverages is required by law:
- Premises and operations: If someone is injured on the site of your business, you’ll need this policy.
- Products and completed operations: This covers damages caused by your company’s products.
- Commercial automobile insurance: If a company vehicle, or even an employee’s vehicle driven for work purposes, causes damage, this policy will protect you. This form of Florida business insurance is required by the state.
Florida Workers’ Compensation
Legally, you could say Florida business insurance begins with workers’ compensation. In every industry but construction and agriculture, if you have at least four employees (full- or part-time), you must provide workers’ compensation. So, be sure to include that as part of your search for Florida Business insurance quotes. (Florida does not classify partners and sole proprietors as employees for this purpose.) For businesses in the construction industry, that requirement is in place for even a single full-time or part-time employee. Agricultural businesses, meanwhile, need to purchase a workers’ compensation policy if they have at least five regular employees and at least 12 who work for a season of at least 30 days.
Shopping for Florida Business Insurance Coverage
- Gather your claims history
- Review current coverages to insure your properly insured
- Update your coverage as your business changes
- Compare mulitple business insurance quotes
- Ask your agent for discounts i.e. bundle insurance policies
- Consider higher deductibles
Try to focus your insurance search on comparing Florida business insurance companies. By shopping online, you can compare many Florida insurance quotes, which will help you save hundreds of dollars. NetQuote.com is here to make the experience of comparing your business insurance options quick and painless while helping you find the best possible results for your company.