Commercial home insurance, often referred to as commercial property insurance in St. Augustine, FL, is designed to protect business owners’ assets. While this type of insurance isn’t always legally required, many business owners choose to purchase a policy through companies like Tim Huber Insurance to safeguard their investments.

Commercial Property Insurance

Commercial property insurance provides coverage for damage to the physical structure of a building, but it does not cover liability lawsuits. This type of insurance typically protects against certain natural disasters, such as wind damage, fire, theft, vandalism, and similar events. To understand the specifics of your policy, it’s important to speak with a representative who can clarify what is covered.

Commercial Liability Insurance

Liability insurance is required by law in most states. This type of insurance provides coverage in the event of a liability lawsuit, such as a product liability claim or an injury on the property. For example, if someone slips on a wet floor without a warning sign, liability insurance can help cover the costs associated with the lawsuit.

Workers’ Compensation Insurance

Liability insurance typically excludes coverage for employee injuries, as these are handled through workers’ compensation insurance. Many states require business owners to carry workers’ compensation insurance to cover expenses related to workplace injuries. This insurance can help cover medical bills, lost wages, and other related expenses.

In some cases, workers’ compensation insurance will cover medical expenses and lost wages, while liability insurance may handle settlement costs for a related liability lawsuit.

Contact Tim Huber Insurance in Augustine, FL

Navigating the different types of commercial insurance can be overwhelming. Representatives at Tim Huber Insurance are here to simplify the process and help you find the right coverage for your business. Contact us today to discuss your needs. We proudly serve the St. Augustine, FL area.