The Basics of Business Insurance

Having business insurance is crucial to operating a safe, effective, legal, and ethical business. But where do you start? There are so many different types of business insurance and you might not know what you need. Speaking with a local insurance underwriter about south Florida insurance is a good idea. Take a quick look at what they have to offer.

Examples of Coverage

There are multiple options you have when it comes to business insurance and it might be overwhelming. Here are just a few examples of insurance you might need. Professional liability insurance is important for many businesses in the event that you make errors or omissions. Some businesses that utilize this coverage frequently are IT firms, design contractors, healthcare organizations, financial institutions, non-profit organizations, and real estate agencies.

Crime coverage is also a popular choice for south Florida insurance. Crime insurance covers the following:

  • Credit card fraud
  • Property theft
  • Forgery
  • Computer transfer fraud
  • Employee dishonesty

Another good policy to invest in is fiduciary liability. This is crucial for those who provide 401(k) plans or oversee profit sharing. If there are any errors or losses made that result in a change in the plan you could be sued.

Make sure you talk with a professional insurance underwriter to determine what type of coverage is necessary for you to have. Get yourself the comprehensive business insurance you need.

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