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:
- Protection even if you haven’t made a mistake: A personal trainer creates a workout plan for a new client. After a few weeks of following the workout plan, the client begins to experience some pain related to an injury sustained years before. The client failed to mention the injury but sues the personal trainer anyway for negligence. A professional liability insurance policy could protect them, including defense costs.
- Negligent acts: A photographer is hired to take photos for a 25 year anniversary, but forgets to take pictures of key family members. The client may make a claim against the photographer regarding failure to fully deliver the services agreed upon. Professional liability coverage could cover the claim and pay for an attorney to defend the photographer if necessary.