Business Insurance For The Self Employed

Commercial general liability policy will protect your business against bodily injury and property damage such as customer slip and falls or employee accidents without an employee is causing a damage to a customers property. Commercial general liability policy will also protect your business against advertising injury like defaming someone or another company.

The general Liability policy will cover the cost for the claims against your business, the medical expenses, administrative costs to handle these claims, court costs judgments and settlements for costs covered claims.

Pollution Liability, Construction, General Contractors, Development Projects, Garage Liability

Commercial Property Insurance protects the business and its Building, Equipment Tools, Inventory, Furniture, Personal property.

It can pay your repair or replacement costs if your business property gets damaged or destroyed.

Office Buildings, Hotels, Financial Institutions, Retail centers, HOA’s & Condominium Associations

Worker’s Compensation insurance protects the employees against injuries or illnesses resulting from their work. Workers compensation insurance will cover medical expenses, also on-going expenses, in some cases a part of the loss of income as well. Depending on the type of your business, in Florida you are mandated to carry Worker’s Compensation insurance if you employ people.

If a customer thinks that a mistake in your professional service caused a financial loss, they can demand this loss to be covered by you. Professional liability insurance helps protect you and your company if you are making a mistake in your professional service. This is also known as errors and omissions insurance.

For example, a realtor representing the buyer, providing a contract to the seller forgets including a contingency clause into the contract. And if the contingency does not happen the buyer may be obligated to go through with the purchase because of this error from the realtor. The realtors professional liability insurance will respond in such a case.

If your business is using computers, or you are accepting credit cards you definitely need cyber liability insurance. Cyber liability insurance includes first party coverage, meaning that would cover your company. This insurance will pay the costs associated with a cyber attack, ransomware, forensic analysis, restoration of business interruption, reputational harm and others.

If the insured has products, materials, or equipment that travels from location to location, or is of high value, the business should carry inland marine coverage. Inland Marine insurance pays to repair or replace portable business property that is damaged by a covered peril.