Types of Commercial Insurance for Your Business

In St. Augustine, FL, the independent insurance agents at Tim Huber Insurance would like you to know how you can protect your business with commercial insurance. If your company’s building becomes damaged, property or materials are destroyed, or your employees are hurt on the job, having insurance can help relieve some of the financial responsibilities.

Commercial Property Insurance

With commercial property insurance, your business can be protected if the building and property become damaged. Some types of incidences may include fires, vandalism, theft, storms, water, natural disasters, and civil disobedience. For example, if you own a computer business, your items could be covered with property insurance after a fire or hurricane.

Commercial General Liability Insurance

You can’t predict if a customer will be injured in your store or if a patient will sue you for negligence. Commercial liability gives you the added protection if a lawsuit is filed against your company. If your store has a spill that was not monitored and a customer falls, you could be responsible for their medical bills, lost wages, and other costs as a result of the incident.

Workers’ Compensation Claims

Although there are a few exceptions, employers in Florida are required to have workers compensation insurance. Workers compensation covers an employee if they are injured at work. If a data entry worker develops carpal tunnel due to the amount of repetitive motion involved in the business’ day-to-day operations, workers compensation could cover the cost of lost wages, rehabilitation therapy, and surgery if needed.

When you open a business, you want it to run smoothly. Having commercial insurance can keep your company operating even through a disaster. Just stop by our offices in St. Augustine, FL. The insurance agents at Tim Huber Insurance can get you started.