Melbourne, FL is a beautiful beachfront city that offers some of the state's best opportunities for fishing, snorkeling and golf. This growing city has become a hub for small businesses with steady tourist traffic and friendly locals that are always interested in supporting local business owners. In 2014, there were 2,180,556 small businesses in Florida, providing employment to 3,000,167 people. Of course, owning a business also carries some heavy risks. In 2014, loss payouts to Florida businesses totaled $19,737,799. The best way to minimize your risks is with Melbourne business insurance.
Trusted Choice® Independent Insurance Agents offer personalized support to small businesses in Melbourne that are looking for commercial insurance. Our experienced agents can help you build a personalized policy that protects against liability, business interruptions, property damage and even cyber crime.
Liability lawsuits are becoming increasingly common, causing devastating financial losses to small business across the nation. According to the 2015 Travelers Business Risk Summary, 60 percent of small-business owners ranked medical cost inflation as their highest concern and more than 30 percent said they the felt least prepared to handle this issue. Take time to prepare your Melbourne business by investing in general liability insurance before you face a lawsuit.
For small-business owners, every day is an important opportunity to bring in revenue. But what happens if a flood damages your Melbourne business property and you have to shut down for weeks on end until your landlord makes repairs? Business interruption insurance steps in to pay you for the revenue you may lose during the time you can’t operate, giving you a lifesaving way to keep your business afloat even after a major disaster.
Melbourne is located in a high risk hurricane zone, with 71 hurricanes on record since 1930. Local businesses face a constant risk for flooding, wind damage and even fires due to the vicious summer storms that can wreak havoc on the area. Commercial property insurance gives you peace of mind that you always have the resources needed to pay for repairs if your business gets caught up in the path of the next big storm.
All employers need the protection of workers' compensation just in case of work-related injuries and illnesses. If an employee slips and falls on the job, you are liable to pay for damages, including medical care and lost wages. Workers' comp handles these financial responsibilities for you while protecting your company from a lawsuit.
As health care prices continue to climb, today’s workforce is more and more focused on finding jobs that offer health insurance benefits. Employee coverages can get expensive, but Florida’s rates are among the lowest in the nation. Trusted Choice Independent Insurance Agents can help you choose a health insurance and life insurance package that will keep employees happy without blowing your annual budget in the process.
Florida is the leading state for cyber crimes, and Melbourne business owners have to take the time to consider this threat. Studies show that only 22 percent of small businesses have a response plan for data breaches and cyber hacks. If your business isn’t prepared, it’s time to take action. Cyber crime insurance is a smart way to safeguard your business assets and insure that even the most dangerous hacker can’t clean out your company’s bank account without consequence.
Shopping for commercial insurance in Melbourne can feel overwhelming because there are so many risks that have to be taken into consideration. Trusted Choice Independent Insurance Agents are intimately familiar with the risks you face as a small-business owner, and they can walk you through the best commercial insurance options to protect your company. Our experienced agents can offer you quotes on multiple policies and help you compare the cost and benefits of each plan so you can find the most budget-friendly business insurance options. Contact a Trusted Choice Agent today to get a customized quote on Melbourne commercial insurance.