General Liability Insurance Florida
Do you own a business concern in Florida, or are you providing commercial activities in the sunshine state, then you are fully awayre that small businesses can from time to time be the target of court actions. The very best way to make sure that you are protected against such potentially detrimental legal proceedings is to think about a Business General Liability Insurance in Florida.
Listed below is what you have to understand:
Workers’s Compensation Insurance policy
In Florida, businesses and commercial enterprises are not mandated by statute to have insurance coverage policies. Nevertheless, there are a number of kinds of insurance protection plans that are required. A basic example of such a set of circumstances would apply to any company with a labor force of over 4 individuals where workers compensation insurance protection would definitely be a necessity. If your company is connecteded with construction, the starting point regarding the number of workers is even lower than that, as in fact, just one employee would be sufficient to mandate workers compensation insurance.
Commercial Automobile Insurance
Does your organisation use cars and trucks for business? Are cars employed for professional reasons? Then you would undoubtedly need a Florida Commercial Automobile Insurance.
What does Florida Commercial General Liability Insurance Protect?
Liability insurance, also known as Commercial General Liability (CGL), deals with four types of events for which you could 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 healthcare bills. However, it omits your employees, who are covered by workers’ compensation.
There are three kinds of legal and financial compensations consumers might prosecute you for that are typically covered by a CGL policy:
- Compensatory damages arising from an accident they allege in the court action.
- Non-monetary losses endured by the plaintiff, like affliction and suffering or psychological distress.
- Punitive damages| extra fees and costs your company must settle.
What is not protected by in Florida Commercial General Liability Insurance?
- Unlawful firing of workers
- Claims related to operating motor vehicle or pickup
- Errors and Omissions insurance