General Liability Insurance Florida

Do you own a business in Florida, or are you carrying out business services in the sunshine state, then you are aware that business enterprises can in some cases be the target of law suits. The very best way to make sure that you are protected against such possibly undesirable legal actions is to consider a Business General Liability Insurance in Florida.

The following is what you have to understand:

Workers’s Comp Insurance plan
In Florida, businesses and commercial enterprises are not mandated by statute to carry most forms of insurance protection plans. Nevertheless, there are several kinds of insurance protection plans that are mandated. A basic illustration of such a set of circumstances would apply to any company with a labourforce of over 4 people where workers compensation insurance protection would certainly be a necessity. If your company is involved in building and construction, the threshold as far as the number of staff members is even less than that, as in fact, one worker would suffice to mandate workers compensation insurance.

Commercial Automobile Insurance
Does your business use vehicles for the daily running of their tasks? Are vehicles used for commercial purposes? Then you would certainly need to have a Florida Commercial Automobile Insurance.

What does Florida Commercial General Liability Insurance Cover?
Liability insurance, also known as Commercial General Liability (CGL), covers four categories of circumstances for which you may be held responsible:

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

CGL coverage takes care of the wounded party’s medical financial outlays. However, it excludes your employees, who would be covered by workers’ compensation.

There are three kinds of legal and financial compensations people may sue you for that are usually covered by a CGL policy:

  1. Financial losses suffered by the injured party arising from an incident they state in the court action.
  2. Non-monetary losses sustained by the plaintiff, such as pain and suffering or psychological anxiety.
  3. Retaliatory compensations|additional penalties and costs the defendant will need to pay for.

What is not covered by Florida Commercial General Liability Insurance?

  1. failure to hire or promote
  2. Claims associated with handling an automobile or truck
  3. Failure to provide a service