Business Insurance In FL

Errors And Omissions Insurance Quotes

Errors & Omissions Insurance (also called E&O, EO and Professional Liability Insurance) helps protect your company or professional practice from risks not typically covered by your general commercial liability policy. E&O is a businessperson’s version of the malpractice insurance taken out by medical practitioners and lawyers. Errors & Omissions insurance is an essential part of your comprehensive business insurance portfolio, whether you work from an office or out of your home. If you are just starting a company, you would be wise to purchase E&O coverage before you open for business. If you already have a policy, you should review it periodically to make sure it is up to date. As your business expands, it’s a wise idea to increase your coverage limits and reduce your exposure to claims.

You can get quotes for E&O insurance using the form shown at the top of this page.

Who Needs Errors & Omissions Insurance?

You need E&O insurance coverage if:

  • Your clients or investors require it as a condition of doing business with you

  • Your trade association requires you to carry it as a condition of membership

  • You manufacture a product or provide a service for a fee

  • You or your employees provide advice or services that could result in a lawsuit or financial loss for your client due to any alleged error, omission, negligence or wrong-doing on your part

  • You have personal assets that could be jeopardized if a client sued you

Commercial Auto Insurance Quotes

A variety of Commercial Auto Insurance policies exist to protect the business use of cars, vans, trucks, and trailers. Most policies are customized to fit the unique needs of each business. The typical policy covers:

  • Injury or death of drivers involved in an on-the-job collision.

  • Injury that you or one of your employees cause to others in an on-the-job vehicle accident.

  • Damage or loss to your business’ vehicles and cargo.

  • Damage you or your employees cause to others’ vehicles or property.

  • Uninsured motorist protection.

As with Personal Auto Insurance, Commercial Vehicle Insurance covers personal injury, damage to vehicles and property, and protection from liability.

What Commercial Auto Insurance Is Not

Commercial Auto insurance has many similarities to Personal Auto Insurance, but there are significant differences. Coverage limits are usually higher. It gets a bit complex when you or your employees use personal vehicles for business use. Most commercial policies won’t cover an employee’s personal liability (just company liability), and most won’t reimburse employees for damage caused to personal vehicles used for company business. Check with your agent to see if your business use of personal vehicles warrants commercial insurance. Requirements and rules vary from state to state.

Commercial Umbrella Insurance Quotes

With a Commercial Umbrella Insurance policy, you get an additional layer of professional liability Insurance coverage to help protect your business against potential risks, which may not be covered by your basic liability insurance; such as commercial auto insurance, general liability insurance or employment practices insurance.

What Does Commercial Umbrella Insurance Cover?

Commercial Umbrella Insurance is a relatively low-cost way to provide additional coverage and expands the limits your business already has in its current liability policies.

If your liability insurance offers $2 million coverage per occurrence or $4 million total, you could expand those limits to $4 million per occurrence and $6 million aggregate with a $2 million Commercial Umbrella Insurance policy.

Who Needs Commercial Umbrella Insurance?

Commercial Umbrella Insurance has flexible policies that can be tailored to meet the needs of your specific company. Remember that Commercial Umbrella Insurance only provides liability supplements to your existing liability policies.

Also, Commercial Umbrella Insurance differs from Personal Umbrella Insurance because it focuses on specific business cases, such as adding more protection on errors and omissions coverage.

What are the requirements for small business insurance in Florida?

In Florida, employers are not required to purchase coverage for every aspect of running a business. However, certain types of insurance are state-mandated. For example, Florida businesses with four or more employees are required to provide workers’ compensation coverage. In the construction industry, coverage is required for even one employee, including the business owner. If your business uses vehicles for commercial purposes, you are also required to purchase commercial automobile insurance.

Real Estate Agents Insurance Quotes

Litigation is both costly and time consuming, and realtors are increasingly the targets of lawsuits. Lawsuits against realtors involve claims for failure to diagnose some material defect, claims that the realtor misrepresented the property in some way, or that a property inspection was handled inappropriately.

Real Estate Agents’ Professional Liability Insurance is a specific variation of Professional Liability Insurance (often called “Errors & Omissions Insurance” or “Malpractice Insurance“) designed specifically for professionals in the real estate industry.

This product protects the assets of real estate agencies, brokers, and individuals from claims of wrongful acts (errors, omissions, or negligence) that result from the performance of their professional duties.

Policies cover financial losses and expenses (including legal fees) that result from a claim. Some policies also protect against slander, libel, and breach of contract. As with other types of professional liability insurance, the insured is generally protected against all lawsuits, even frivolous ones.

Business Owners Policy (BOP)

A Business Owners Policy or BOP insurance lets business owners focus on the expected challenges and rewards of running a small business. Business owners policies cover property and liability losses from unexpected risks such as smoke damage to merchandise or liability from an injured customer. In addition, coverage on business income can help a distressed business continue until normal operations resume. Could your business cover the costs of a catastrophic loss? A BOP is a smart way to minimize risks and protect your small business.

Business Owners Policies are designed for medium to small businesses. The ideal business for BOP insurance is a one location operation with common, non-specialized risks.Typically, coverage for buildings may not exceed 25,000 square feet in total floor area and annual gross sales must be less than $3 million. A BOP may be a good solution for the following businesses:

  • Convenience stores

  • Delis and coffee shops

  • Motels and hotels

  • Wholesale suppliers

  • Dry cleaners

  • Retail clothing stores

  • Offices

  • Self storage facilities

DO I Need General Liability Insurance?

General Liability Insurance Quotes

General Liability Insurance (also called Commercial Insurance) helps protect your company or professional practice from claims of bodily injury to a customer or damage to a customer’s property resulting from using your product or service. Many General Liability policies also cover claims of personal injury such as libel or slander and advertising injury claims of misrepresentation of your products or services. Sometime, General Liability is included as part of a comprehensive Business Owners Policy (BOP). However, coverage in those instances are typically low and may not offer sufficient protection for your specific risk exposures. General Liability insurance is an essential part of your business insurance portfolio, whether you work from an office, out of your home or in the field. If you are starting a company, it is a good practice to purchase your General Liability coverage before you open for business. If you already have a General Liability policy, you should review it periodically to make sure it is up to date. As your business expands, it’s a wise idea to increase your coverage limits and reduce your exposure to claims.

You can get quotes for General Liability insurance using the form shown at the top of this page.

Who Needs General Liability Insurance?

You need General Liability insurance coverage if:

Business Insurance Coverage To Consider

Shopping for business insurance can involve a lengthy quotation process, because getting the right coverage means you are protected from certain types of events that would otherwise jeopardize your business. Select one of the business insurance products listed above/below to review more detailed information regarding what is normally covered by that type of policy.

Coverage For Licensed Professionals, Businesses, Commercial Property

“Are you an Independent Contractor, Self-Employed, or a Professionally Licensed Individual?
Do you own or manage a Limited Partnership (LLC), S-Corporation (S-CORP), or other Business Entity?”

Protecting Your Company And Your Clients With IT Insurance

In today’s business world carrying the right type of insurance can be vital to the survival of any company no matter what type of product or service they offer. The IT world has become so complicated that the simplest error or omission can have disastrous results leading to complete system failures and loss of revenue. IT insurance is a form of errors and omissions insurance that has been created specifically to provide coverage for this exact situation.

IT Consultants Shoulder A Lot Of Responsibility

As information technology consultants you are responsible for everything that exists in your client’s computer system. No matter how professional and skilled both you and your employees are, it is still within the realms of possibility that someone can miss entering a single character of code or enter the wrong one causing a system wide crash or worse destroy stored data. IT insurance or as it is also known, professional liability insurance is there to protect you, your employees and your company in the event of a lawsuit.

Who Needs Worker’s Compensation Insurance?

Worker’s Compensation Insurance Quotes

Workers compensation laws were created to ensure that employees who are injured on the job are provided with fixed monetary awards. This eliminates the need for litigation and creates an easier process for the employee. It also helps control the financial risks for employers since many states limit the amount an injured employee can recover from an employer.

Workers Compensation Insurance is designed to help companies pay these benefits. As a protection for employees, most states require that employers carry some form of Workers Compensation Insurance.

What Worker’s Compensation Insurance Is Not

Workers Compensation Insurance is not health insurance. Workers Comp is designed specifically for injuries sustained on the job. For more general employee health benefits, see Group Health Insurance.

Who Needs Worker’s Compensation Insurance?

In most states, if you have employees, you are required to carry Workers Compensation coverage. Even in non-mandatory states, it can be a very good idea, particularly if you have many employees, or if they are engaged in hazardous activities.

Lawyers Insurance | Law Firms And Attorneys Liability Insurance Quotes

Professional liability insurance for law firms and attorneys helps protect your firm from risks not typically covered by general commercial liability policies. Just as medical practitioners need malpractice insurance, you need professional liability for your law firm. Law Firms and Attorneys Professional Liability (sometimes called Legal Malpractice Insurance) is an essential part of a comprehensive business insurance portfolio. If you already have a policy, you should review it periodically to make sure it is up to date. As your practice expands, it’s a wise idea to increase your coverage limits and reduce your exposure to claims.

You can obtain quotes for lawyers insurance using the form at the top of this page.

Who Needs Professional Liability Insurance For Law Firms And Attorneys?

You need attorneys liability insurance if:

  • Your state insurance commission requires it

  • Your practice involves personal injury, finance, intellectual property or other  high-liability areas

  • You are a paralegal or clerical staff person, retired or semi-retired partner, independent contractor or someone who provides counsel for a law firm that has no coverage or insufficient coverage

  • You have personal assets that could be jeopardized if a client sued you

About Commercial Liability Insurance For FL Businesses

Commercial liability insurance (also called business liability insurance and commercial general liability insurance) protects your Florida business from financial loss resulting from claims of injury or damage cause to others by you or your employees. A policy typically covers:

  • Bodily Injury – physical damage to a person other than an employee at your place of business and injuries caused by you or an employee at a client’s home or work place.

  • Property Damage – damage caused by you or an employee to someone else’s property.

  • Personal Injury – libel, slander, copyright infringement, invasion of property or privacy, wrongful eviction, false arrest and similar acts that cause damage to a person’s reputation or rights.

  • Advertising Injury – losses caused by your advertising

  • Legal Defense and Judgments – costs to defend against real and frivolous suits and judgments up to the limit of your coverage. Note this generally does not include punitive damages for negligence or willful misconduct.

Florida small business insurance policies

In Florida, some of the most common policies for small businesses include:

General liability insurance

General liability insurance helps cover expenses related to injuries incurred by customers and visitors to your property. It can also help cover property damage and advertising injuries. Examples of situations that may be covered by general liability include:

  • A deliveryman slides on ice on the front step of your business and breaks a wrist.

  • A model attending a photo shoot at your private studio trips over a loose cable and twists an ankle.

  • Your marketing team comes up with a slogan that your competitor claims is slander.

Property insurance

Your business property, which includes the building, equipment, and inventory, may suffer damages due to accidents or crime. Commercial property insurance can help pay for repairs or replacements that are necessary when:

  • A pipe breaks at your convenience store, causing extensive water damage to your inventory.

  • Expensive lotions and beauty products are stolen from your spa.

  • An employee at your architecture firm knocks over a detailed scale replica of a building.

Florida Small Business Insurance

For a small business in Florida, or anywhere else in the world to succeed today, it has to be nimble and adjust to the changing times. We think the way you buy small business insurance should be held to the same standards. We customize small business insurance policies to your needs. Small business insurance products offered in Florida include:

General liability insurance, known as Commercial General Liability (CGL), protects your business from another person or business’s claims of bodily injury, associated medical costs, and damage to property. Some examples of what could be covered are below:

  • Bodily injury: It is raining outside and a client hastily enters a spa and slips on the floor, which does not have a wet floor sign. The client sustains injuries and makes a claim against the spa owner. A general liability insurance policy could cover the client’s medical costs, including any lost wages, that result from the injury.

  • Property damage/data loss: A consultant is working in a new client’s office when they accidentally spill coffee on the server. The machine is damaged beyond repair and valuable data is lost. The consultant’s general liability insurance could cover the cost to replace the server.

  • Personal injury: A tax preparer is overheard talking about a client in a false and unflattering way. The client finds out about the conversation and sues for slander. The tax preparer’s general liability policy could cover the defense costs as well as any settlement or judgment.

Professional liability insurance, also known as errors and omissions insurance (E&O insurance), covers another person’s claims against businesses that provide professional and personal services. Some examples of what could be covered include: