What You Should Look for in a Commercial Policy

Having adequate coverage for your business in Longwood, FL is important, and many business owners should look at their policies to make sure they are covered in a number of different events.

A Business General Liability Insurance Policy will cover many things for your business and will include physical damage, property damage, injuries that take place on the property or as a result of products, medical payments, cases of slander, libel or misleading advertising, and legal fees. Speaking with an agent at Express Insurance will help make sure that your general liability policy covers what you need for your specific business. While these policies cover many things, make sure you know the limits on coverage. Certain perishable items, like food, are excluded.  There could also be limits on different items. If you need more coverage for certain items, there are riders.

Your commercial policy should have policy limits that are high enough to protect your business. The amount that is necessary is going to depend on the risk your business faces. Insurance agents can help assess the risk.

Know who is covered under your policy. Usually, the type of business determines who is covered. For example, in a corporation, you, other owners, shareholders, and directors are usually covered. If you use subcontractors, they aren’t always covered.

While a business general liability policy will cover most of what you need for your business, there are other things you may want to add to your whole commercial insurance portfolio for extra coverage. If you have employees, workers’ compensation insurance will protect the company if there are any injuries on the job. There are other liability policies that could be necessary depending on your business, which includes liquor liability or pollution liability.

Contact Express Insurance serving Longwood, FL to find the right commercial insurance for your business needs.