Are you a business owner in the Jacksonville, FL area? If so, it’s important that you consider getting business insurance. What is business or commercial insurance? This is important insurance that protects you from liability and financial loss in the event of a lawsuit.
Not My Fault
Sometimes lawsuits arise out of something that is no fault of your own. Even if you do everything right, there is a possibility of injury or damage to others or their property when you create a product or perform a service for them. How do you protect yourself?
What Commercial Insurance Covers
Good commercial insurance in Jacksonville, FL should cover the following (to comply with insurance laws):
- Property damage: covers damage to others’ property as a result of your products or services
- Commercial Auto: covers accidents resulting in damage to your company vehicles or accidents involving others’ property
- Workers’ compensation (required in Florida): covers workers’ compensation claims that result from company actions or conditions or that occur at work
Why You Need It
If you have a business that works with others’ property such as vehicles, recreational equipment, real estate, or other properties, it can be quite costly if you damage someone’s property.
Commercial auto coverage will cover you in the event of an accident that damages your company vehicle or other vehicles that you are using under your business name.
Workers’ compensation is required coverage in Florida, so you should always carry this.
About Liability Insurance
Liability insurance for your business is just as important as an auto liability. This type of insurance pays for damages, injury, and loss of another person who proves that your company’s actions caused their loss or injury. This is necessary insurance to protect your assets.
One company you should check out to learn more about this type of insurance is 925 Partners in Jacksonville. They have all of the types of commercial insurance that you need to protect your company from the unexpected.
When you worry about what the future might bring and need to protect your business from liability contact 925 Partners and rest easier.