General Liability Insurance Florida

Are you the manager of a small business in Florida, or are you conducting business services in the sunshine state, then you already know that businesses can sometimes be the target of legal actions. The most effective way to ensure that you have safeguards against such potentially damaging court cases is to consider a Business General Liability Insurance in Florida.

The following is what you have to know:

Workers’s Comp Insurance protection
In Florida, businesses and commercial enterprises are not required by law to carry most forms of insurance protection plans. However, there are a number of sorts of insurance protection plans that are mandated. A basic example of one such case applies to any company with a employed pool of over 4 individuals where workers compensation protection would certainly be a necessity. If your company is connecteded with construction, the threshold as for the number of workers is even lower than that, as even a single employee would suffice to mandate workers compensation insurance.

Commercial Automobile Insurance
Does your company use cars for business? Are cars or trucks made use of for professional reasons? Then you would certainly require a Florida Commercial Automobile Insurance.

What does Florida Commercial General Liability Insurance Include?
Liability insurance, a.k.a Commercial General Liability (CGL), deals with four types of circumstances for which you might be held responsible:

  • bodily injury
  • damage to others’ property
  • personal injury, including slander and libel; and false or misleading advertising.

CGL coverage pays for the wounded party’s hospital expenditures. However, it excludes your staff members, who would be covered by workers’ compensation.

There are three forms of justifiable damages people may well file a claim against you for that are typically covered by a CGL policy:

  1. Compensatory damages arising from an incident they allege in the lawsuit.
  2. General compensations.
  3. Punitive damages| extra penalties and charges your company will be required to pay.

What is not protected by in Florida Commercial General Liability Insurance?

  1. failure to employ or promote
  2. Claims pertaining to running an automobile or van
  3. Malpractice insurance