Florida small business owners should weigh various types of commercial insurance for financial and legal reasons. A variety of unexpected incertitudes like accidents and natural calamities can jeopardize your business activities in Miami Beach, FL. Navigating commercial insurance requirements and laws can sometimes be complicated. Our team of charismatic agents at Assure-US is well-versed with answers to all your queries and will find the right coverage matching your needs and budget.
Is commercial insurance mandatory in Florida?
Florida businesses are mandated to carry workers’ comp insurance if they employ four or more employees, whether part-time or full-time. This form of policy safeguards the business and its employees against accidents and injuries that arise in workplaces. In addition, if your business owns vehicles, you are required to carry commercial auto insurance coverage.
Commercial coverage options in Miami Beach, FL
General liability coverage: It protects your business from liability claims such as bodily injury or property damage propagated by your business. It’s tailored to reimburse medical costs and related legal fees. It also helps you to cover advertising injury, including offenses such as libel and copy infringement.
Commercial property coverage: It shields your business’s assets such as equipment, inventory, tools, and furniture. You can also obtain property coverage even if you work from home.
Workers’ compensation coverage: It’s a mandatory requirement in Florida to benefit your employees if they get a work-related injury or ailment. It caters to medical care, disability benefits, funeral expenses, and lost wages.
Commercial auto coverage: If your business venture possesses employees who drive your business vehicles, this type of policy is the best. It caters to damages and injuries if your employee is deemed responsible after an accident.
Cyber insurance helps protect your business entity from imminent risks that emanate from the risks associated with technology, like data breaches.
Are you still in limbo deciding on the right commercial insurance policy that befits your business in Miami Beach, FL? Call or visit our agents at Assure-US, and we will walk you through all the types of commercial coverages available tailored to match your lifestyle and business needs.