Commercial Insurance

Do you own a business in Florida? If so, you need to ensure that you are fully protected with business insurance. We offer commercial insurance here at America's Insurance Associates in Venice, FL, and our many locations. Protecting your business, employees, and property is essential and can be extremely expensive without it. The last thing you want to do is put your business in financial jeopardy.

Commercial Insurance Requirements

Both workers’ compensation insurance and commercial vehicle insurance are required in Florida for all businesses. If you are a Florida business with at least four or more employees, whether full-time or part-time, you must carry workers’ compensation. This policy is beneficial because it covers medical expenses for work illnesses and injuries.

If your business has a commercial vehicle, you will also be required by law to obtain auto insurance. The minimum requirements are:

Property damage liability for each accident for $10,000
Personal injury protection coverage for $10,000

Commercial Insurance Coverage

Other commercial insurance options that you can choose to protect your business include:

General liability coverage - This will cover customer damage and injuries and some of the most common risks. Your commercial lease may also require you to carry this policy.
Professional liability coverage - This will protect your business against legal expenses in relation to work performance.
Cyber liability coverage - This will protect your business against cyberattacks and data breaches. It can also help your business recover quickly if your company has exposed customer data.
Business owner’s policy - This is the most common type of business insurance because it is a combination of general liability and commercial property coverage in one policy.