Florida General Liability Insurance for Small Businesses

The Sunshine State provides lots of opportunities for small business owners. Many companies new to the area are flourishing in what has become a robust economy. Now that people are spending more, anyone who provides good products can enjoy the value of having satisfied customers. The key is to provide both good services and have a staff that is friendly, caring and engaging.

Still, there are the usual concerns about product safety, and other areas where things can go wrong. This is why it’s fundamentally sound to have Florida general liability insurance since it takes just one unsatisfied customer to bring a claim against your company, which can cause you damage, either financially or to your reputation.

General liability (GL) insurance should top your list

Whether you operate a small business or one that employs hundreds of workers, you will need to have GL coverage. This is the one policy that covers common risks related to operations of most business models. You even have the option to combine this coverage with business property insurance in a business owners policy (BOP), which is a great way to protect your property, and any liability concerns, all under one plan.

You’re going to want to make informed choices regarding the different types of insurance coverages that you’re going to carry that go beyond a GL policy. Depending on the size of your organization. For example, Employment practices liability insurance (EPLI) will protect you against employment-related claims such as harassment or discrimination.

Errors and omissions insurance (commonly referred to as E&O), will protect licensed or certified professionals working under you in the event that they (or you, for that matter) make a mistake causing damage to a client or third party. Directors and officers insurance (D&O) has added value as it protects the board, officers, as well as others in governing or executive positions at your company in the event of negligent acts, misleading statements, omissions or unethical actions.

Your business means the world to you. Speak to an agent about a Florida general liability policy and other insurance products for your business today.

Commercial Marine Insurance Programs are Vital to Our Economy

Much of the trade and product distribution in the US is dependent upon companies involved with global supply chains and the logistics service providers that work fervently to ensure the delivery of goods in the US and around the world. Commercial Marine Insurance Programs consist of services and products specifically designed to respond to the intricate risk profiles of the many entities that make up this dynamic and complex industry.

Brokers like you need to be able to provide your clients in the marine cargo industry, many involved in the transportation of goods on state highways, including oversized cargo, along with warehouse operators, with flexible and broad coverage for travel by rail, road and waterways. Many of your clients understand the value of a stock throughput policy that provides coverage from the “cradle to the grave.” Providing the necessary insurance solutions to ensure that they are covered in the event that any one of a number of issues develop during their daily operations gives them much needed peace of mind.

Worldwide stock throughput coverage is vital

A Stock Throughput policy is helpful in eliminating possible coverage gaps thereby creating a policy that protects many products and other merchandise on a global basis from loss or damages that may occur. This policy provides a safeguard for the entire time the insured is responsible for the goods in their care. As the broker you’ll be providing not only continuous coverage, but also a simple and easy claims process, and reduced premium expenses as well.

Freight forwarders, property brokers, and warehouse operators are unfortunately all in a position to be held liable for any damage to precious cargo while it is in their care, custody and control. This includes those times when they are arranging for transport of the shipments. Explain the benefits of this coverage (available in various forms) to provide defense to intermediaries against any allegations of neglect or mishandling and provide for indemnification in instances where they are found negligent.

Warehouse operators also have a legal responsibility for cargo lost or damaged while in their custody. Providing them with bailee legal liability coverage, also available under Commercial Marine Insurance Programs, will satisfy their needs when a claim is brought against them as well.

Coverage Concerns and Warehouse Insurance in Orlando

Warehouses have a slew of liability issues stemming from the equipment in use and the heavy merchandise often stored on the premises. This requires owners to carry warehouse insurance in Orlando, and in particular legal liability insurance as coverage for their warehouse storage operations. This policy helps cover a business as a “bailee” and that means they’re covered as a business entrusted with the property of others for any direct physical loss (or any damage of property) that happens during storage, docking, packaging, labeling or any other services provided by the company acting as a bailee.

Warehouse owners and managers have the arduous task of keeping the merchandise moving. The last thing they want slowing them down are concerns about whether they have the right insurance. An agent familiar with this industry understands that products can be at your location or on a truck and that inventory values change seasonally. This is why you need flexible limits and reasonable rates. Industry experts created warehouse insurance in Orlando that can provide protection specifically tailored to your needs, with the added goal of helping you to avoid costly claims.

Warehouse owners have a daunting task

The warehouse industry is integral to the logistics and distribution chain here in the US. A warehouse owner can unfortunately be held responsible for many different operations as a direct result of the services they provide, all of which come with many different exposures to loss due to a number of inherent risks associated with this type of work.

Everything from arranging the transportation of goods from one point to another, the storing of merchandise, managing inventory, and even the task of packaging products, comes with its own concerns. As an owner you must be fully aware that along the way anything can and may possibly go wrong.

In addition to concerns regarding merchandise being stored in your facility you also need to protect your building which is another important goal for any warehouse owner. After all your building, along with the items stored in it, is your business. The precise type and amount of coverage you may need depends on the type of structure you own, the kind of items you store inside and the way you handle those items. You may have a sprinkler system for fire safety, but you’re still going to need warehouse insurance in Orlando to protect you, not only from fire damage, but theft and other possible catastrophes as well.

The Advantages of Commercial General Liability Insurance in Florida

You are the owner and operator of a small business here in the Sunshine State. During your daily business routines you’ll likely interact with employees, contractors, clients, vendors, and others that serve your interests or purchase your products or services. If anyone one of them has a bad experience they could claim that your company was responsible for any injury or loss they may incur and take up some type of legal action against you. Whether this requires a defense against claims of property damage, bodily injury, libel, slander, or some other legal issue, a florida commercial general liability insurance policy can provide you with the coverage you need.

What is commercial liability insurance?

In the simplest terms, commercial general liability (CGL) insurance protects small business owners from a wide range of claims related to their business activities. The indemnity provided by a liability policy helps business owners cover the costs associated with mounting a legal defense as well as any settlement costs. In addition, many small business owners find that clients will require them to have this policy before they will sign a contract. They want the peace of mind associated with knowing that they’ll be protected if and when something does goes wrong.

Having the right coverage amounts in place can make a significant difference in your ability to negotiate with new clients and bring in additional revenue. A CGL insurance policy also helps protect a business by providing the financial resources necessary to keep it operational when unexpected events (such as an injury leading to a lawsuit) cause a possible financial strain on the business.

A CGL covers property damage as well

The fact remains that many companies become involved in a lawsuit at one time or another and even with everyone practicing safety and being alert as well as careful to take all the necessary precautions, it’s still possible that something bad could happen. It’s even worse when it results in damage to another person’s property. In any case, a florida commercial general liability insurance policy must be in place to compensate for any resulting physical damage to any person’s property.

Commercial Inland Marine Insurance Programs

Commercial Inland Marine Programs are instrumental in helping businesses with increased levels of exposure to carry customized insurance coverage. Many commercial marine insurance solutions are made available to companies dealing in global supply chains or as logistics service providers. Products are specifically designed to respond to all of the unique risk profiles of the many entities that make up this dynamic and complex industry.

As specialists who serve this business model, you must have the required knowledge to help your clients find the best commercial marine insurance for their company, and at the best price. This provides them with the peace of mind to tend to their customers and the chore of running a complex business that must often deal with intense competition.

Looking at the many benefits of marine insurance

Inland marine coverage provides comprehensive protection on goods in transit worldwide, including storage, and provides solutions tailored to the size and complexity of exposures that are often faced. Your clients are depending on you to help them receive a fast and flexible underwriting response when the time comes and a carrier that can give them the sort of customized global claim and recovery programs that they’ve come to expect.

There are plenty of risks involved in the business of moving freight from one place to the next, and companies must review their supply chain security to ensure they are taking the necessary precautions to protect their goods and employees from any criminal activities taking place in the world today. In addition, they should have a robust marine cargo insurance program in place to protect against any and all transit risks.

Problems can occur in many different ways, and your client is responsible for the safe transit, and delivery of goods entrusted to them. The list of dangers is long, and can include everything from incidents involving rough handling, collision, overturn, or theft, to non-delivery, wrong destination, and even cases involving jettison. When they’re ready to discuss coverage options, you need to partner with someone that specializes in insuring transportation and global logistics service providers including securing Commercial Inland Marine Insurance Programs.

State Laws and Liability Dog Insurance Issues

There are certain laws that determine dog bite liability, and these of course vary from state to state. Dog owners need to know exactly what the liability issues are in whichever state they live. Basically, there are two kinds of laws: liability when the owner of the dog knows (or should know) that the dog might be prone to biting someone, and then there is liability regardless of what the owner knew or should have known. Having liability dog insurance helps pay for any damages.

”One Bite” laws work to the dog owners’ advantage

The “One Bite” law is applied in about 40% of the states in the US. Generally stated, it once meant that a dog was allowed “one excused bite” before its owner wound up in legal trouble. Now, however, the one bite rule doesn’t necessarily allow a dog to bite someone without consequence. If an owner knows the particular breed is dangerous, the owner could be liable for that first time that an incident occurs.

The owner simply must take necessary precautions, all the more true based on his or her knowledge of the animal. For example, a dog that is prone to snapping at people should always be restrained. The owner could also be held liable if someone approaches the dog, is not properly warned about the animal’s aggressive behavior, and is subsequently bitten.

The dog’s breed, how the owner went about training the dog, how the owner typically restrained the dog under necessary circumstances, and for what purpose the owner bought the dog, for example, protection, could all be used in determining if there is a viable case against the owner of the dog.

“Strict Liability” dog bite laws

The majority of states have enacted “dog bite” statutes that provide specific rules for dog bite liability cases. “Strict liability” means that the defendant is held liable in the event that a specific event occurs, and this may be regardless of whether or not the defendant could have done anything to prevent the event from occurring.

As the owner of a dog that may be prone to biting or attacking, you should carry sufficient liability dog insurance. Because, in a court of law, if the plaintiff did not provoke the dog in any way, and was within his right to be located where he was at the time of the attack, then the defendant would be liable for the dog biting this person.

Florida Business Concerns and Commercial Property Insurance

Most insurance providers offer business commercial property insurance that can protect your operations in Florida for everything from a minor liability claim to something that could result in a major financial loss. Whether you own your own building, or lease your office space, business property insurance is the sure way to protect the assets of your business.

Disasters happen, and they’re not something that you often see coming. We take for granted that we’ll leave our office on a Monday night and when we arrive Tuesday morning everything will be just as we left it. But a hurricane could literally rip the building off of its foundation, or a fire breaking out in the office or warehouse could cause serious damage, including to the valuable contents within, or something as simple as a water pipe bursting could ruin computers, destroy important financial documents, and ruin furniture and other things necessary for ongoing daily operations. These are all valid reasons why you need to insure against any and all possible scenarios.

Why put your small business at risk?

Small business property insurance is one of the most important investments to help ensure the future productivity of your company. There are some important aspects of your business that commercial property insurance helps to protect, including your building, furniture and business equipment, any inventory or material goods, outdoor signage, and fences and exterior landscaping, along with any property belonging to others that is in your care.

There are a few different policies that will help to cover many of your concerns. As a small business owner (or one in a niche market), your company may be an ideal fit for a business owner’s policy (BOP). This is where the insurer bundles your commercial property and general liability coverages into one policy. This offers both convenience and discount rates. A commercial package policy (CPP) may be a more ideal fit for mid-size to larger firms, depending upon your risk profile.

Finally, It’s important to note that certain exposures are not typically covered under a commercial property insurance policy and need to be addressed separately, such as flood insurance, which in areas of Florida makes perfect sense to purchase as well.