When starting a new business there are many things to consider, but one which should not be overlooked is insurance coverage. Having insurance to protect your property and assets in case of disaster may have already occurred to you, but have you thought about liability insurance? While no one wants to consider that they might be responsible for someone else getting hurt, as a business owner you owe it to yourself, your employees, and your investors to ensure that you are covered for any eventuality. General liability insurance is just one of the ways that you can protect your business, and a necessary step when starting a new enterprise.
Commercial liability insurance will cover you in case of injury or death which occurs on your business premises, or is purportedly caused by one of your products or employees. There are actually two main types of liability insurance. ‘Premises and operations’ insurance will protect against property-related accidents, such as a slip and fall. ‘Products and completed operations’ protects against claims that your products, or completed work or services are responsible for an injury or death. While both these type of liability insurance are considered optional under Florida law, both are excellent choices for a new business. When you are just getting started, you need liability insurance to protect you financially so you have a better chance of succeeding. Not only that, but liability insurance also protects your employees while they are on the job.
If you are starting a new business in Florida, talk to First Florida Underwriters Inc. Independently owned and operated, they are your local Orange Park, Florida insurance company. First Florida Underwriters works with many different insurance carriers, and can offer the advice you need to navigate your options and pick the perfect insurance for your needs.