Last year, small business insurance companies in Florida paid out nearly $36.9 billion in commercial claims. Having the right business insurance can help reimburse your business for unexpected disasters. Companies of all sizes and types can benefit from having the right coverage.
An independent insurance agent in Parkland, FL can help your business get equipped with this essential coverage. They'll get you set up with a business insurance policy that fits. But before we get too far ahead of ourselves, let's look at business insurance in Parkland, FL.
How Much Does Business Insurance Cost in Parkland, FL?
A business insurance policy's cost depends on the type of business, how many employees you have, and more. Other factors include:
- Your business's size
- Your business's location
- Your business's annual revenue
- Your business's annual payroll
- Your business's coverage needs
An independent insurance agent in Parkland, FL can help evaluate these criteria related to your specific business and provide you with several quotes for coverage in your town.
Is Business Insurance Required in Parkland, FL?
By law, businesses in Parkland, FL must at least carry workers' compensation insurance in terms of the insurance. This coverage is mandatory for any business with at least four employees, except for those in the construction industry. Construction businesses must provide workers' comp if they have one or more employees.
Workers' comp protects a business's employees against injury, illness, or even death due to their job. A business cannot be sued by its workers for related incidents if they offer this protection. But other types of business insurance are not required by law in Parkland, FL.
What Does Business Insurance Cover in Parkland, FL?
Of course, your business's needs may vary, but often your policy will start with these critical coverages:
- General liability insurance: Covers third-party bodily injury or property damage claims against your business.
- Commercial auto insurance: Covers company vehicles against collisions, fire, theft, etc.
- Cyber liability insurance: Covers phishing incidents, data breaches, and more that can expose, corrupt, or distribute your business's sensitive information like personal records and customer payment details.
But your business may also need these coverages and more:
- Pollution liability insurance: Covers any cleanup costs and environmental pollution claims against your business.
- Premises liability insurance: Covers customer and other third-party bodily injury claims or personal property damage on your business's premises.
- Employment practices liability insurance: Covers employee claims of wrongful termination, discrimination, sexual harassment, etc. against your business
An independent insurance agent in Parkland, FL can help your business get equipped with all the protection it needs to cover its unique operations and workplace.
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What Does Small Business Liability Insurance Cover in Parkland, FL?
A core part of coverage for many companies is small business liability insurance. This insurance protects your business against third-party claims of bodily injury or personal property damage. It can reimburse your company for attorney, court, and settlement fees if you get sued.
Without this coverage, your business would have to cover these fees by itself. After just one hefty lawsuit, without the right protection, you could be looking at a huge financial loss and other consequences. An independent insurance agent in Parkland, FL can make sure you're protected against lawsuits with small business liability coverage.
Are There Any Small Business Health Insurance Plans in Parkland, FL?
Small business health insurance plans are available in Parkland, FL by many different carriers. If you have 50 or fewer employees, you might even qualify for tax credits to further discount your coverage. Ask your Parkland, FL independent insurance agent to help you browse available options, or you can select the right policy for your business online.
Who Are the Best Small Business Insurance Companies in Parkland, FL?
While there's no shortage of insurance companies offering small business coverage in Parkland, FL, we've gone ahead and assembled a list of just a few of our top recommendations for your convenience.
|Best Small Business Insurance Companies in Parkland, FL||Star Rating|
|Builders & Tradesmen's Insurance|
Why Work with an Independent Insurance Agent in Parkland, 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.
TrustedChoice.com Article | Reviewed by Paul Martin
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