Is Commercial Insurance Required in Florida?

Commercial insurance is not legally required in Florida for all businesses, per se. Still, there are specific types of insurance that some businesses may need to have based on their specific operations and circumstances. Our agents at B & G Insurance, serving the Miami, FL area, understand that you have worked hard to open your own business, and they want to help you protect your investment through the proper amount of commercial insurance.

Commercial Insurance Coverage Options

Workers’ Compensation Insurance

In Florida, if your business has four or more employees, you are required under the law to have workers’ compensation insurance. This type of coverage will provide your employees with benefits if they are hurt on the job, protecting you from lawsuits.

 Commercial Auto Insurance

If your business owns or uses personal vehicles for business purposes, you must have commercial auto liability insurance. This type of insurance will help cover accidents and damages involving company-related vehicles.

Professional Liability Insurance

Professional liability insurance is critical to have as a business owner since it can protect you against claims of negligence or malpractice.

General Liability Insurance

General liability insurance is just as important as professional liability insurance since it can protect you against lawsuits if someone is injured at your business or your business somehow damages their property.

Business Property Insurance

Business property insurance is vital to have in place if you own the physical location where your business is housed. This can also help you out, though, even if you rent the space for your business since it can cover your inventory if it is stolen, damaged, or lost due to covered events, such as a fire or natural disaster.

Contact B & G Insurance in Miami, FL

Our agents at B & G Insurance, serving the Miami, FL area, are ready to assist you in creating the best commercial insurance policy for you and your business. Call today to get your policy started!