How Much Florida General Liability Insurance Should I Have?

Author: The Massey Clark Fisher Team | Friday, Oct 21, 2011

Tags: community • home insurance • homeowners insurance • insurance • local • safety tips • seasonal • tips

Today, even the smallest of mishaps can result in a lawsuit. That’s why Florida general liability insurance is so important to protect your business. This type of insurance protects the assets of your business if you are sued for causing personal injury or property damage. But how do you know how much general liability insurance coverage you need? Here are some common elements that affect the amount of coverage you should carry:

Landlord requirements. When you move into a new office space or retail location, your landlord may ask for a certain amount of coverage.

Vendor requirements. Each vendor that you do business with may also require you to carry a certain amount of Florida general liability insurance.

Risk of injury. The higher the risk of injury on your jobsite, in your place of business or from your products, the more coverage you should have. A company that manufactures and sells food products, for example, generally needs a very high amount of coverage, as the risk of foods making people ill is very high.

Remember that as your business grows, your insurance should, too. Constantly evaluate your business and its practices to decide if you need more or less coverage.

This is not an exhaustive list of elements that affect how much Florida general liability insurance you should have. Speak with your agent to determine the perfect amount for you and your company!