The Four Fundamental Business Insurance Types You Should Know

Insurance coverage is a key, yet often overlooked aspect of owning a business. Whether you’re a one-person startup or a large firm, protecting your assets against risk is key to your long-term success. As you begin your search, for business insurance coverage in Orlando, here are four of the more popular types of coverage that can help keep your business protected.

General Liability

General liability, or simply known as liability coverage, protects your business in cases when your product or service causes harm to a non-employee or their property. If your company handles personal information, its possible to get coverage in case of a data breach included in your policy.

Property

Commercial property insurance keeps you protected in case your building or any other business assets are damaged by outside forces. This includes, but isn’t limited to, fires, hail, windstorms, theft and vandalism.

Workers Compensation

Even if you only have one employee, its recommended that you get workers compensation insurance. This will keep your business covered in case they get hurt while performing business activities.

Commercial Auto

If business cars or trucks are being driven as part of your operations, then you will need a commercial auto policy. Incidents involving business vehicles are usually not covered under commercial property policies.

There are many options for business insurance coverage in Orlando. Make sure the agency you choose thoroughly explains what is and isn’t covered by your policy before signing the contract.

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