When it comes to Florida general liability insurance, it can all seem a bit overwhelming. You may have read or heard that you need several types of insurance, and the thought of researching and finding the best deal for each one is far from enticing. It’s worth knowing that insurance companies sometimes bundle various related policies into a single contract and that a good agent can save you time in identifying what you need, and obtaining competitive quotes.
Bundled policies are usually available for small to medium-sized businesses only, and specifically for those businesses that meet certain criteria. Insurance companies may offer packages specific to certain industries, such as those for restaurant owners or hairdressers. While the packages may have distinct names and the coverage may vary slightly from one insurance provider to the next, there are some overlaps. The most common insurance package of this type is called a business owners’ policy (BOP) and it will generally be available from all insurance agents.
The advantages of a bundled policy are obvious. First of all, it saves the time, energy and the hassle of organizing and purchasing separate packages. Secondly, it may be more cost-effective in some cases. It’s worth remembering, however, that a bundled policy may not cover absolutely everything you need. Workers’ compensation, as an example, is not generally included in a package.
So where do you start? Talk to your insurance provider to find out which Florida general liability insurance packages might be suitable for your particular business type and size.