When shopping for Florida liability insurance, it is important to choose an insurance policy that meets you and your businesses needs
As a business owner, it is important to do everything within your means to limit your risk and keep your business running smoothly. Part of minimizing your risk includes purchasing liability insurance. There are four types of liability insurance and they include:
- General Liability Insurance
- Product Liability Insurance
- Professional Liability Insurance
- Employment Practices Liability Insurance
General Liability Insurance: This is an insurance coverage that, in most cases, is include in a Business Owner’s Policy coupled with property insurance.
This type of insurance covers you if say, an employee visiting your office trips and falls and decides to sue you. Depending on what company you are with, coverage may very, so it is important to speak with your independent agent about which coverage’s your policy entails.
Product Liability Insurance: If you are in the business of manufacturing products, it is important to have product liability insurance, which protects you against claims that arise from accidents or injuries caused by the product you produced.
This type of insurance covers design defects, defective instructions, and manufacturing flaws.
Professional Liability Insurance: In some instances referred to as “errors and omissions insurance” this policy protects you in the instance that a client claims that your business made an error in providing them a service.
This type of insurance is in most cases the most expensive, so it is important to evaluate your business to be sure you really need it.
Employment Practices Liability: In this day and age it is not uncommon to see employees bringing lawsuits against their employers. This type of business insurance coverage protects your business and the people in charge.
Some other various common forms of liability insurance include liquor liability, medical mal practice, and cyber liability. We also have competitive markets in commercial auto insurance, workers comp insurance, BOP business-owners policy, umbrella, garage insurance, property insurance and more.
If you live in Florida and are in the market for competitive liability insurance Gould is ready to assist you. Call us today at (386) 734 3970
