Don’t make the same mistake many business owners make and purchase generic insurance for your operation. Don’t make an even graver mistake and ignore the necessity of Orlando business insurance coverage altogether. Your business must be covered in all pertinent areas; otherwise, you may find yourself in a serious pinch that could cost you your company and your personal assets. Depending on what you do, you may need more than general liability and property insurance, so make certain you discuss the best insurance coverage for your needs with a qualified insurance agent who can customize your policy. Protection goes beyond a natural disaster or property damage.
For example, if you own a bar or nightclub, it’s wise to secure special coverage to protect you against alcohol-related accidents and damages. If you rent out marina slips, you need proper boat and marine coverage. Perhaps you’re an accountant or lawyer. If so, professional liability helps protect you against lawsuits if you make mistakes when working for your clients. Depending on how many employees you have, your Orlando business insurance coverage must also include workers’ compensation. Don’t get caught without the exact business coverage you need. Failing to protect your business might result in fines by local, county, and state regulatory authorities alongside the legal action briefly mentioned above. Speak with an expert to customize your business insurance.