Wondering, what is business insurance and what it covers?” Not to worry, we will help you find the right answers to these questions. But, there is not one answer as there are different kinds of Florida business insurance, and almost all of them will help to protect your business from different risks. To decide what type of business insurance that you want, learn what business coverage’s is best for your company. You may determine this factor based on the type of business’ you are running:

  • Location
  • Size
  • Industry
  • Employees

Generally, you might have the liability and the property coverage’s. And suppose you have got employees, you will likely require workers’ comp insurance. You must review the business’ insurance requirements regularly, as it grows and changes, your needed coverage’s will change.

General Liability Insurance

This type of insurance generally helps to protect your company from the claims that caused:

  • Damage to the property to person’s belongings
  • Injury to somebody
  • Personal injury

Professional liability insurance

Suppose you offer professional services or your advice can lead to your clients suffering the financial loss, then professional liability insurance will help you out in such situation. When the former client or customer claims that because of your work they had to suffer the financial loss, then professional liability insurance offers you with the investigation & defense of a claim, it also helps to make payments of settlements and judgments.

Workers’ Comp Insurance

This type of insurance generally gives benefit to your employees if they are ever hurt or get sick from the job. Some of the benefits will help:

  • To pay for the medical expenses
  • Replace their lost wages
  • Pay for ongoing medical care or therapy

Most of the states need businesses with the employees to carry out workers’ comp insurance. You may face penalties, fines, and criminal charges in case you do not comply with the state’s law properly.

Commercial property insurance

This type of insurance protects the company’s building as well as contents inside from all types of risks of the physical loss and damage, which includes theft, fires, vandalism, or natural disasters like storms, floods, and earthquakes. The commercial property insurance often is included as a part of the BOP or Business Owners Policy.


There is no way to get around, if you wish to focus on your work without worrying about any surprise expenses, it is better you cover your bases properly.