Many Florida business owners understand the personal financial risks involved in starting their own companies, but it is also important to protect a business from outside risks. In Florida, liability insurance is a safeguard against the unexpected hazards to your business. These can come in the form of lawsuits from customers who were injured on your business’ premises, or damages incurred by a malfunctioning product. With a general liability policy, your business will be covered against many risks that can hurt your ability to operate.
Is It Expensive?
Price is a major worry of many business owners, but a Florida liability insurance policy costs less than paying for many of the events that are covered. With industry-specific coverage, you will be able to work with an insurance agent to keep your policy price reasonable while ensuring your business exposures are being covered.
What Is Covered?
While policies vary depending upon your business needs, there are areas of standard coverage. Typically this includes injuries and property damage to customers and other third parties, liability that comes from contracts with vendors or leases, and risks associated with your employees serving alcohol at an event. These policies often also cover claims against your business for harm from a product of your business. An experienced agent will make sure your policy suits your needs.
With the many unknowns in our world, it is a smart bet to purchase a Florida liability insurance policy for your business.