Owning a small business in Florida has its risks. Commercial insurance coverage protects your business from unexpected incidents that can result in major financial losses, or even cause you to close your doors. Florida General Liability Insurance, Property, Commercial, Auto and Workers' Compensation Insurance are essential tools for most businesses today. 

Liability Insurance

Florida General Liability Insurance specifically protects the assets of your business if it is sued for something it may have – or have not – done to cause personal injury or property damage. This coverage protects your company from injuries stemming from on-site accidents; and injuries or damages incurred as a result of using goods or services sold on-premises. In addition to the financial limits of the policy, coverage can be designed to cover supplemental payments for attorney fees, court costs and other expenses associated with a claim or the defense of a liability lawsuit.

A common scenario: A customer comes to your place of  business and, unfortunately, ends up getting hurt in a fall. If you don’t have General Liability Insurance, you could be facing significant costs for medical bills, legal fees and any compensation that a court finds you responsible for. This can be catastrophic for a small business. General Liability Insurance prevents these incidents from derailing your entrepreneurial dreams.

Florida Commercial Insurance Requirements 

As a responsible business owner, it’s important to know what types of insurance are required in the Sunshine State. As an independent Florida insurance agency for more than 60 years, the Massey, Clark, Fisher team has the knowledge and experience to customize the insurance programs you need to limit your risk exposure. 

• General Liability Insurance is mandatory for specific industries and professions (with higher levels of risk), but not for others. 
• Worker’s Compensation Insurance is required to protect employees from potential dangers and your company from potential lawsuits. 
• One form of risk, which many tend to overlook, is the need for reliable Commercial Auto Insurance.

Other Important Policies

Florida state regulations determine basic insurance requirements. However, it’s important to keep in mind that these insurance components alone may not be enough to protect your business from common risks. 

Cyber Insurance

In today’s digital ecosystem, cyber threats loom large. With an appropriate Cyber Insurance policy in place, you can insure losses resulting from ransomware and cyber attacks.

Commercial Property Insurance

Most business owner policies protect your structures from weather or robbery-related losses. Commercial Property Insurance adds coverage to recover furniture, equipment, inventory and more.   

Remember, you’re not alone when it comes to navigating the maze of Florida commercial insurance. As an independent agency, Massey, Clark, Fisher works with more than 70 reputable insurance carriers so we can customize your coverage to fit your needs and your budget. And we do that at no cost to you. Contact us today to get the most-effective coverage to protect your business. 

Disclaimer: The above description provides a brief overview of the terms and phrases used within the insurance industry. These definitions are not applicable in all states or for all insurance and financial products. This is not an insurance contract. Other terms, conditions and exclusions apply. Please read your official policy for full details about coverages. These definitions do not alter or modify the terms of any insurance contract. If there is any conflict between these definitions and the provisions of the applicable insurance policy, the terms of the policy control.