You can choose The Hartford for all of your business insurance needs.
You’ve got 2.8 million small businesses in Florida, making up more than 90% of all businesses in Florida.Business insurance helps protect your company from financial losses due to different risks.
- This includes:
- Bodily injury
- Property damage
Types of Florida Business Insurance Offered
Florida Business Owner’s Policy
A Business Owner’s Policy (BOP) can be one of the most helpful tools for protecting a small business.Business Income Property Coverage, which helps replace your lost income if you can’t operate because of covered business losses.
Commercial property insurance covers the owned or rented building, tools and equipment used to operate your business.If you own a retail shop, a barbershop, a restaurant, or any other type of small business, you may want to get commercial general liability insurance.
Business owners in Florida need insurance to protect them from business losses. This includes business income, commercial property, and general liability.
Florida Workers’ Compensation Insurance
In order to comply with the state of Florida’s workers’ compensation law, your employer must carry insurance for your protection. It’s important that you know that this law applies to both part- and full-time employees.Construction companies are required to have workers’ compensation insurance for their employees.Workers’ compensation gives benefits.
If an employee suffers injuries in the course of their job, they can seek compensation for their injuries through the workers’ compensation system. But workers need to know how to do that. This coverage gives an overview of the workers’ compensation system and what kind of claims an employee can make, when to file, and how the workers’ compensation process works.
Florida Data Breach Insurance
If your business is the victim of a data breach, then you need data breach insurance. This kind of insurance helps your business respond quickly to a data breach. It protects your customers’ personal information.
Cyber liability is the general term for internet coverage, whether it’s used to protect against personal injury or business damage.Data breaches can be costly for your business. This insurance can help pay\ for:
- Identify protection solutions
- Legal fees
- Public relations
If your employees save data on a network or keep patient and customer records in a database that is vulnerable to hackers, your business may be able to benefit from data breach insurance.
Florida Commercial Umbrella Insurance
With an umbrella commercial insurance policy, businesses have an additional level of protection for their assets, such as real estate, inventory, intellectual property, and employees.These extensions of coverage and limits will help you keep your costs down by extending the limits of certain policies.
Umbrella policy protects you from a customer trip-and-fall accident that results in injury or property damage.Her medical bills will exceed the limits of your personal insurance policy.
This is how you fix it:
(A) You apologize to the client.
(B) You tell your employee to never park the truck in the driveway again.
You would have to pay to fix the structural damage over and above your primary business liability insurance limit.
Professional Liability Insurance in Florida
Professional liability insurance protects your business against claims that it made a mistake in the professional services given.Florida Professional Liability Insurance can be a great help, because even though you’re trying to run your business perfectly, you still have accidents.
An E&O policy can cover legal fees, judgments, settlements, and other business expenses. These policies also provide coverage against acts that may cause harm to the insured’s customers or their reputation.
Many types of businesses can benefit from professional liability insurance, including accountants, consultants, photographers, interior decorators and technology professionals.
What Business Insurance Is Required in Florida?
It’s against the law in Florida for employers to hire employees without first providing them workers’ compensation insurance.Florida requires specific employers to cover the employees of their businesses under certain circumstances,
- The industry of the business
- How many employees there are
- How the entity is organized
For more information about the requirements for Florida minimum business insurance, visit the Florida Department of Financial Services website.
How much do small businesses cost in Florida?
Florida small business owners are finding they pay about the same for small business insurance as the national average. Small businesses have unique risks, however, that can affect rates.You need to know what your costs are so that you can set them accordingly.
If you’re looking for an ecommerce insurance that allows you to focus on growing your business, without adding more complexity and worry to your day-to-day activities, this plan might be for you.For example, the cost for general liability coverage may be different for one business than it is for another. This is especially true if it’s in a different industry and the revenue amounts are different.
To get a good idea of how much insurance will cost your business, you should get a quote from the insurance carrier that covers your industry.
Qet a Quote for Florida Business Insurance
We know that every small business is unique and different, so we created a new product line to meet their unique needs.
We’re here to help you and get you a business insurance quote.They will work with you to ensure you get the best coverage for your Florida business.