Being a business owner is a rewarding endeavor, but it also comes with risk. Protecting your investment and your livelihood with the right commercial insurance is critical to operating your business with confidence. Whether it’s damage to your building, an accident at the workplace or other unexpected event, business insurance allows you to keep the doors open. As a Florida business owner there are many different types of insurance policies that may help protect you from risk:
No two businesses are alike, which is why we offer BOP packages tailored to your specific business needs. Completely customizable, BOP’s combine property insurance, liability coverage and more into one convenient policy. There are some things BOP’s do not cover, including workers’ compensation, professional liability or commercial vehicles. Your agent will work with you to expand your coverage options if required by your type of business.
This type of policy covers the building in which you operate, as well as the contents owned by the company. More than just equipment or furniture, business property may include computers, documents, money and more. In addition to replacing or repairing items, certain types of coverage may provide for loss of income and fixed expenses while your business is closed due to a covered loss.
This coverage helps protect you in the event a customer is injured at your place of business, or for example, by a product you sold or produced and files a lawsuit against your company.
If your business relies on one or more vehicles, it’s important to protect your company from liability in the event of an accident. This could include property damage or in the case of a collision, medical expenses.
The state of Florida requires businesses with four or more employees (full- or part-time) to provide workers’ compensation insurance to their employees. This coverage protects both the owner and employee in the case of a workplace accident. For some industries, for example construction, Florida requirements change. It’s important to discuss state requirements with your agent to ensure your business is covered.
State chart requirements provided for informational purposes only. State minimums and required coverages vary by state and may change from time to time. Check with your state for up-to-date information or if you have questions about current state minimums.
Coverage subject to terms, conditions, and availability. Policy issuance is subject to qualifications. Allstate Insurance Company, Allstate Indemnity Company, Allstate Fire and Casualty Insurance Company, Allstate Property and Casualty Insurance Company, Northbrook, IL. © 2018 Allstate Insurance Company, Northbrook, IL.
Let Our Experienced Team Help You
You’ve worked hard to build your business, so make sure you have the right insurance protection. Our experienced team will work with you to protect your property, livelihood and yourself in the case of a lawsuit. Together, we’ll determine the type of business insurance that best suits your needs, so you can feel confident knowing you’re protected.