Florida Business Insurance Basics!

via missouriinjurylawblog.com

Starting a new business requires an investment of funds, time and effort
and it’s important to protect that investment from the very beginning. Florida business
insurance offers coverage for a range of business risks so that a
business owner’s investment can be protected from the consequences of mishaps
and disasters. Business protection includes property, liability, workers
compensation and automobile insurance products.

Property insurance provides
compensation when property associated with the business enterprise is lost or
damaged as a result of insured perils such as fire or theft. The property may
include business premises equipment, raw materials and inventory, as well as
the building from which the business operates. Liability insurance is designed
to provide protection from the cost of lawsuits filed by anyone who claims to
have been harmed by the business, such as a customer who is injured by a fall
while visiting the business premises or a client who feels aggrieved about
advice provided by a business consultant.

Each state (with the exception
of Texas) has regulations that require business owners to carry workers
compensation insurance.

The purpose of most
commercial enterprises is to achieve a profit on the owners’ investment in the
business. Florida business insurance
can protect a business owner’s investment, so that profits earned are not
eroded by the cost of disasters, liability lawsuits, auto accidents, or
injuries to workers. At the Insurance Center of Central Florida, Inc., we can
answer all your questions, so contact us today!