Business Owners Insurance Coverage


Florida Commercial Coverage Information

Businesses can bundle property and liability coverage into a Florida Business Owners Insurance policy that allows your business to obtain broad coverage with affordable premiums.

Florida Business Owners Insurance is usually the first step for small businesses looking to get basic property and liability coverage and is a comprehensive and affordable insurance package for small or medium sized businesses.

To qualify for Business Owners Insurance policies, a company should have 100 or fewer employees, and annual revenues should be less than $1 million. Florida Business Owners Insurance will typically provide reimbursement for up to a year of lost revenue resulting from an insured property loss.

Some businesses may find Florida Business Owners Insurance coverage limits to be too low or the lack of flexibility on options like coinsurance. However, what the Business Owners Insurance policy lacks in flexibility it usually makes up for with lower premiums for your business.

Property Insurance Coverage

Florida Business Owners Insurance offers named perils or all risk insurance coverage. This is similiar to general property insurance coverages. Enhancement endorsements are available at little or no cost to extend coverage to your accounts receivable, valuable papers, signs, employee dishonesty, mechanical breakdown, computers including software, money and securities, off premises power failure and spoilage of food products, backup of sewers and drains.

Florida Business Liability Coverage

General liability insurance for your business is protection against devastating claims for things over which you may have minimal control, unforseen and unexpected. Choose business liability insurance for products, directors & officers, errors & omissions, discrimination, benefit liability, and other professional liability policies. We offer comprehensive liability insurance services to Manufacturers, Wholesale, Retail, Services, Transportation, Construction, Commercial Real Estate, small Contractors, and many other business fields throughout Florida. We have the experience and available insurance markets to analyze and recommend the correct amount of business liability insurance for your Florida business. No matter how diligently you remove all possible hazards from your business, you could be sued successfully for accidents resulting from the carelessness of a customer. Protecting your Assets and Liabilities Our exposure analysis identifies your business' risks and recommends the optimal blend of insurance coverage and risk management. This generally involves a combination of:

  • Workers Compensation
  • Property
  • Liability
  • Business Auto
Florida Business Liability Insurance Features

Florida business liability insurance coverage insures your business in the event of accidents and injury that might occur on your premises and any exposures related to your products. It will protect your Florida business from possible huge payments for bodily injury or property damage to a third party and for medical expenses accruing to the underlying incident. It will also absorb the cost of defending lawsuits that may include needing investigations or settlements, and for any judgments or bonds required during an appeal. We will provide Business Liability Insurance coverage for your Florida business at an affordable cost.

We can also offer our Florida liability insurance coverage services to small, mid-sized and large businesses throughout the sunshine state

Liability Insurance Coverage

While similiar to Commercial General Liability Insurance, the liability part of a Florida Business Owners Insurance Policy offers less flexibility in determining your coverage limits for particular claims. Optional limits of $300,000, $500,000 or $1,000,000 are available. Personal injury, products liability, fire legal liability and premises medical payments are included. Also, Business Owners Insurance does not include professional liability insurance.

Interruption Insurance Coverage

Business Interruption Insurance is usually included in Business Owners Insurance policies and covers lost income and expenses incurred when a company suffers disaster related damage. Ongoing operating expenses that continue even if business is suspended, such as payroll, are also covered.

We are a Florida based insurance agency offering comprehensive Florida business owners insurance plan services to small, mid-sized and large businesses. We can also offer our Florida business owners insurance coverage services to businesses throughout the state. Whether you're a small contractor, large employer or a small business owner, will provide exceptional insurance coverage for your business at an affordable cost.

Florida Builders Risk Insurance

Builders risk insurance provides coverage for buildings that are under construction. The construction can be new, a remodel, or repair.

Coverage includes materials at the work site before they are installed, any materials intended for the work site that are in transit, and the value of the new, remodeled, or repaired property being built. the policy life is work to completion and the owner accepts the work.

Florida builders risk insurance coverage can also be purchased for specific home improvement projects such as a new room addition, a deck or a remodeled kitchen. Those who should seriously consider purchasing Florida builders risk insurance include general contractors, subcontractors, home builders, real estate developers, building owners, colleges and universities, and municipalities.

A Florida builders risk insurance policy includes perils such as theft, vandalism, fire, wind storm, lightning, and hail. Most policies offer limited coverage for collapse. Standard exclusions include earthquake, flood, weather damage to property in the open, water damage, employee theft, mechanical breakdown, war, government action, contract penalty, and voluntary parting. Another important exclusion is for damage resulting from faulty design, planning, workmanship and materials. Florida builders risk insurance is meant to offer coverage for accidental events and not for poor construction. Additonally earthquake and flood coverage can usually be added to the policy.

Who Is Insured

The named insured of a Florida builders risk insurance policy is usually the contractor or developer of the property. However, it may be the building owner or homeowner if they are responsible for insuring the property while under construction, particularly when the construction is a remodel or repair. A mortgagee or lien holder may be added as an additional insured. We have the experience to analyze and recommend the correct builders risk insurance coverage for your Florida business. Our strong relationships with insurers results in direct cost savings for our clients.