If you own a business in Florida, it’s essential to protect that business with suitable insurance. Some of these insurance types are mandated for certain companies in the state, while others can be beneficial but aren’t required. If you want to keep your business protected and operating within the law, call us at Coastal Premier Insurance Group in Boca Raton, FL.
Workers’ Compensation Insurance
This is a significant type of insurance that some Florida businesses are required to have. This insurance pays for the medical bills of employees who get injured on the job. This insurance is critical to have because medical bills can cost so much. In Florida, this insurance also pays partial wages to employees as they recover. When you have a business within the state that has at least four employees, this insurance is required for you. Those four employees can be part-time or full-time. An exception is construction businesses. They must have this insurance type for all employees, no matter how many. Even if this insurance isn’t required for you because you have fewer than four employees, it’s a good idea to get it to protect yourself.
Commercial Auto Insurance
Businesses in Florida also have to have commercial auto insurance when they own a vehicle. This insurance must have two types of coverage in the policy. This includes property damage liability and personal injury protection. The amount of the required coverage is so low. However, it’s a good idea to raise the amount you get for better protection for your business. If you own a trucking company, you may have other insurance requirements.
Get Your Commercial Insurance Coverage
Make sure your Florida business has the protection it needs. Call us at Coastal Premier Insurance Group in Boca Raton, FL.