People who don’t rent or own property for their Boca Raton, FL business usually think they don’t need commercial insurance. While you may not need property coverage, there are a few other types of policies to consider.
Liability
Most businesses need liability coverage. This coverage protects you if you face a lawsuit. It’s especially important for certain professions, such as accountants and legal advisors. Contractors usually need liability coverage to obtain proper licensing and insurance.
Auto Policies
You need a commercial auto policy if you use your vehicle to earn income or for your business, including transporting equipment. For example, if you drive your vehicle to a client’s house or use it to transport tools to a job site, you’ll need business coverage. A representative here at Coastal Premier Insurance Group can help you learn more.
Worker’s Compensation
Employers who have at least one employee are legally required to have and carry workers’ compensation coverage. This coverage can help employees recover lost wages and medical bills if they are injured while working, even if it occurs outside a brick-and-mortar store. Not carrying this coverage can lead to hefty fines, business closure, and a massive lawsuit if an employee is injured.
Cyber Coverage
If you have sensitive information stored on a computer, it’s important to protect your data. A data breach can be costly, and many companies have to pay for identity protection if sensitive data, such as social security numbers, is stolen. Cyber coverage can provide the protection you need.
Agents here at Coastal Premier Insurance Group can help you learn about the different types of coverage available and what you need for your line of work. Contact us today. We’re currently serving the Boca Raton, FL area.