Business Insurance in Lake Mary, FL

Lake Mary, FL is home to many industries, including tourism, food, retail, and more. To have a better chance at thriving despite disaster, businesses of all kinds require protection. That means having business insurance.

The 2.5 million small businesses in Florida need to consider at least getting coverage. An independent insurance agent in Lake Mary can help you find the right policy for your unique company. But for starters, here's how business insurance breaks down in Lake Mary, FL.

How Much Does Business Insurance Cost in Lake Mary, FL?

When calculating your business insurance premiums, an insurance company will consider several factors, like:

• The type of business you run.
• The exact location of your business.
• The operations and exposures of your business.
• The number of employees you have.
• The annual revenue and payroll of your business.
• The coverage limits and deductibles you select.

Though it's challenging to offer an average cost of coverage without knowing these factors in your specific case, an independent insurance agent in Lake Mary, FL can help provide you with several quotes.

Is Business Insurance Required in Lake Mary, FL? 

Many businesses in Lake Mary, FL are required to carry workers' compensation. Businesses with four or more employees in most industries are required to carry coverage, except for the construction industry, which must have this insurance if they have one or more employees. Workers' comp is essential to protect against employee injury, illness, or death caused by their job or workplace.

Businesses in Lake Mary aren't technically required to carry any other coverages. However, it's critical to consider at least creating a complete business insurance policy. Without other crucial coverages like liability insurance, your business could face bankruptcy or worse after just one unexpected disaster like a lawsuit or major fire.

What Does Business Insurance Cover in Lake Mary, FL? 

The needs of your business will determine how your business insurance policy gets made up. You'll select the coverages you need from an extensive list of options.

Just a few core business insurance coverages include:

• Cyber liability insurance: Sensitive data like customer credit card info, employee records, company passwords, and more are protected against data breaches, phishing incidents, etc., by cyber liability insurance.
• General liability insurance: Third-party lawsuits against the business for claims of bodily injury or property damage are covered by general liability insurance.
• Premises liability insurance: Third-party claims of bodily injury or personal property damage on your premises are covered by premises liability insurance.
• Commercial auto insurance: Company vehicles like delivery vans are protected against fire, collisions, and other commercial auto insurance disasters.
• Pollution liability insurance: Your business's potential cleanup costs and claims of environmental pollution are covered by pollution liability insurance.
• Employment practices liability insurance: Employee claims of wrongful termination, discrimination, and sexual harassment against your business are covered by employment practices liability insurance.

Ask your independent insurance agent in Lake Mary, FL to help your business get equipped with the specific coverages to protect its unique operations and exposures.

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What Does Small Business Liability Insurance Cover in Lake Mary, FL?

The size of your business doesn't really affect its ability to get sued by customers and others. With small business liability insurance, you can get reimbursement for attorney, court, and even settlement fees if you get hit with a lawsuit. Having small business liability insurance can protect you from having to pay these costs out of pocket, which could potentially harm your business in a big way, financially.

Are There Any Small Business Health Insurance Plans in Lake Mary, FL?

There are several small business health insurance plans available from many different carriers in Lake Mary, FL. Your business might even qualify for tax credits on coverage if it has fewer than 50 employees. You can browse your options online or through the help of your local independent insurance agent.

What Are the Best Small Business Insurance Companies in Lake Mary, FL?

Check out just a few of our top picks for small business insurance available from quality carriers in Lake Mary, Florida.

Best Small Business Insurance Companies in Lake Mary, FL	Star Rating
Nationwide
The Hanover
Liberty Mutual
Stillwater
Builders & Tradesmen's Insurance

Why Work with an Independent Insurance Agent in Lake Mary, FL?

There's no such thing as a one-size-fits-all business insurance policy. With a wide variety of products and options at your disposal, you can put together a solid business insurance package that's custom-built for your company.

Independent insurance agents can help you choose the right policies and options to meet your company’s specific coverage needs. Because they're independent, these agents can work with several of the best business insurance companies in Florida to find you the right coverage at a great price.