What Type Of Insurance Do I Need For My Business?

Like any business owner, you're likely aware of the many financial risks that lie on the path to success. From nasty weather to unexpected theft, there are an assortment of unsavory events that could occur and threaten the stability of your business. That's why a comprehensive business insurance policy is such an important investment.

But simply deciding to get business insurance isn't enough. To get the right policy, you need to select the coverage options and limits that best meet the needs of your business. Here are some common coverage options for you to consider:

Property Insurance: Businesses own a lot of physical items. Between furniture, computers, inventory and raw materials, you could find yourself at a huge financial loss if something were to damage business property. This coverage offers protection for property that's damaged, lost, destroyed or stolen due to a covered event.
General Liability Insurance: This coverage protects the safety of others — and, in turn, protects your business' finances. For instance, let's say a customer slips and falls in your place of business. This coverage helps fund the customer's medical bills, along with your legal fees if the customer decides to sue.
Professional Liability Insurance: Although it's never your intention, you and your employees are capable of making mistakes from time to time. But if you err while offering advice or a service to a client, it could have financial repercussions for both parties. This coverage helps fund the legal fees and settlements.
Workers Compensation Insurance: Employee injuries are always a possibility in the workplace, and a good business owner should want to protect the interests of those who work for them. This coverage helps fund medical expenses and lost wages after an on-the-job injury. Plus, it prevents employees from suing the business to reclaim these funds.
Commercial Auto Insurance: If driving cars, trucks or vans is a piece of your business, then the rules of the road apply. And that means insuring those vehicles. All states require commercial auto liability coverage, but you can select other coverage options for more comprehensive protection.

Ready to learn more about your coverage options? Your agent can help you get started today!

Get the personalized service you deserve. Call Floridian Coastline Insurance at (954) 302-4531 for more information on Fort Lauderdale FL business insurance.

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