Small business owners often find choosing injury insurance to be somewhat of a hassle, but it doesn’t have to be that way for you. Getting the right small business insurance in Florida is simply a matter of identifying your risks as an organization. Here are a couple of the most common protections.
Insure Your Site
The larger your company is, the more risks you’re likely to have. That’s good news for many small businesses, as some don’t even have physical premises to insure. If you have a brick-and-mortar location, then you will probably need liability insurance: It protects you from accidents that occur on your property.
Cover Your Products
You also have other responsibilities as a business owner. Apart from slips, falls and other injuries that occur on your property, you could be liable for problems arising from the products you produce. It is often difficult to eliminate all of the expected and unforeseen dangers associated with a product. Small business insurance for Florida companies fills the gap between total safety and practical reality by mitigating losses should they occur.
There are other types of insurance, but bodily injury and completed product insurance are the most important policies to carry in terms of physical injuries to your stakeholders. Check your small business general liability insurance package to confirm that these two protections are in place, if necessary.