If you are serious about your business succeeding, then one of the first things you must do when you are establishing your company is to talk to an insurance agent who understands commercial insurance. This important first step is necessary because it is the one thing which will provide security for everything else you do. Here are some of the types of Commercial Insurance in Cape Coral you will need to consider.
Liability Insurance Coverage
General liability is basic policy which protects you from lawsuits due to bodily injury, either on your property or because of work you have performed. It helps to cover your legal expenses and any judgments held against you.
Product liability is a necessity if you manufacture or distribute any type of product. It protects you against lawsuits which occur when someone is injured by a faulty product.
Professional liability (also referred to as errors and omissions insurance) is designed for service providers who could be sued in certain circumstances where an error was made. It is important for professionals like doctors, lawyers and insurance agents to carry this type of coverage. It is also known as professional liability insurance.
Workers Compensation and Disability
The law requires all employers to cover employees with worker’s compensation. Disability insurance is required in only a handful of states, but it is a valuable benefit to offer. Business owners should also be covered by disability because a small company can easily be negatively affected if the owner is unable to work, even temporarily.
Commercial Automotive Policy
Any vehicles used by you or your employees needs to have this type of coverage. Regardless of whether it is for performing deliveries or just transportation during work hours.
Commercial Property Coverage
This is insurance for your business property in the event a fire or natural event damages the building or contents where your business is located.
What type of commersicla insurance in Cape Coral your business needs depends on the size of your company, what your business is and how many clients you serve. Talk to an insurance agent before you invest any more money, to be certain all of your investments are fully protected.
