Do You Know What Your Florida General Liability Insurance Covers?

Tuesday, October 25, 2011

Category: Our Blog

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

It can be easy to gloss over the details of Florida general liability insurance policies when your main priority is getting on with running your business. You consulted with a reputable insurance agent or broker, didn’t you? That means everything will be okay, right? It may well be fine, but this is your business you’re insuring, your livelihood your hopes and dreams. It doesn’t make a lot of sense to hand over to an agent and not be aware of all the fine print, does it?

Ultimately, it is your responsibility to make accurate assessments of your business assets and any risks that are particular to your type of business. This is the basic information that your premiums will be based upon. The basic components of your business insurance policy will be business property insurance and your liability coverage.

Your vehicles and employees require separate coverage through additional policies. Depending on your particular business, you may require other more specialized policies to cover specific risks. This is where your insurance broker can be most helpful in giving you information about what kinds of cover might be most suited to your business.

As a business owner, it is important that you understand your business at every level, including your Florida general liability policy. You can’t expect someone else to carry the responsibility when the business and risks are yours to manage. Read your policy, ask questions and be proactive – you’re the boss!