There are three ways to look for Florida business insurance online. You can choose an insurer and directly go to its official website, explore the various policies and ask for a quote. If you choose an aggregator website wherein you will be able to check quotes from multiple insurers and you can compare them. It is also recommended that you also look for an insurance agent who specializes in policies for businesses and seeks their expert guidance. You can, of course, consider all three avenues and embark on a quest to find the best Florida business insurance online.
What type of FL business insurance do I need?
Before you ask for quotes or check out policies from any insurer or on any website, you should know the exact requirements of your business and which type of insurance you would need. It is easy to generalize all types of business insurance in Florida but you will have to inevitably get down to the basics. For instance, you may need professional liability insurance and property insurance.
Professional liability insurance is also referred to as E&O or errors and omissions insurance. This type of policy protects a business against all kinds of claims pertaining to negligence causing any harm, mistakes and unintentional failures to ensure safety in the workplace. There are many types of professional liability insurance coverage and you need to get familiar with the differences to know which one would suit your business. There are customized policies too.
Property insurance for companies is similar to homeowner’s insurance but the former is more comprehensive. Business property insurance usually covers the value of equipment, inventories, furniture, and signage among others if they are destroyed or damaged in a storm or fire, if they are stolen or if there is a natural disaster such as earthquake or flood. Beyond the professional liability and property insurances for business, there is insurance for workers compensation, product liability, vehicles used by the company and interruption in business.
Workers’ compensation insurance allows companies to pay for medical treatments of workers who are injured at the workplace. Such policies offer death and disability benefits. Product liability insurance is quintessential for manufacturers. Vehicle insurance is imperative for any organization that has a fleet of cars. Insurance for business interruption is desirable, especially for companies that operate in a relatively volatile industry or marketplace.
As a business owner or entrepreneur in Florida, you need to decide which type of business insurance you need and accordingly look for relevant policies. You may opt for comprehensive online Florida business insurance, a policy that will have all-inclusive coverage.