You want to protect your small business from catastrophe and financial loss with every resource available. Florida small business insurance can be a crucial element to the long-term success of your company. Commercial liability insurance can protect your business against property damage and bodily injury claims which may result in financial loss. Property damage insurance can cover the cost of a claim or a lawsuit where damage has been caused by you or one of your employees. Bodily injury insurance Covers Financial loss from claims where a client or other non-employee sustained an injury or injuries on your property.
Other types of commercial or business liability insurance might include professional liability insurance and personal injury insurance. Professional liability insurance, or errors and omissions insurance, covers your business for the cost of claims against negligence on the part of you or your employees, as well as for defense costs when you are sued but have not been negligent. Personal injury insurance protects you against slander, libel, invasion of privacy, and other professional damages. These types of insurance may or may not be covered under a business owners policy, so you should consult your insurance professional to make sure you have the Florida small business insurance you need for the risks your business might face.