Commercial Insurance in Florida
The state of Florida does not entirely mandate commercial insurance policies. However, every business, no matter how small or large, should have commercial insurance to protect all of their assets. The state of Florida requires various types of business insurance. The main categories of commercial or business insurance are business property insurance, business liability insurance, worker's compensation insurance, and business auto insurance. Of these, the latter two are required.
What is Business Property Insurance?
Property insurance for businesses works much like your homeowner's policy for your home, plus additional coverage. It protects the business's property, buildings, fixtures, furniture, and equipment that you own, rent, or lease. It also provides you coverage for the loss of accounts receivable and all of your valuable records and papers.
What is Business Liability Insurance?
Business liability insurance is liability insurance that covers your business if you are sued for harming a person or damaging their property. It will cover their damages if you are at fault. It will also cover your attorney costs and court costs in the event that you are sued, whether you are found at fault or not by the state court system.
What is Worker's Compensation Business Insurance?
Worker's compensation is mandatory for businesses. A policy from AA Top Insurance LLC provides benefits to all employees when they have work-related illnesses or injuries. It will pay for lost wages while off work, medical costs, and more. If a worker dies, it will provide compensation to their family, and if the family decides to sue you, it will cover your legal fees related to the court case.
What is Business Auto Insurance?
Business auto insurance is required in Florida. It pays for damages to others that are caused by an auto accident if you or one of your employees is found at fault. It also covers property damage and medical expenses of others.
At AA Top Insurance LLC, we understand securing business insurance can be tricky, especially when you are deciding how much coverage of each type you need. Our knowledgeable agents are here to help you. You can call or come by our office in Naples, FL to secure all of your commercial insurance needs.