Commercial insurance is essential when owning a business. Also known as business insurance, it protects you, your business, and your employees. While there are basic commercial insurance options in Winter Garden FL, you can add more depending on your type of business, number of employees, and so on. The more you know about commercial insurance, the better decisions you can make about obtaining commercial insurance in Winter Garden FL.
Four Things to Know about Commercial Insurance
- Know Which Employees Are Covered
Considering workers’ compensation insurance in Florida, most companies are mandatorily required to carry this commercial insurance. In today’s world, you may have temporary employees, full-time and part-time in-house employees, or remote-work-from-home employees. Knowing which type of employees need coverage helps you avoid penalties.
- Commercial Vehicle Insurance Requirements
If your business uses commercial vehicles for transportation or delivery, you need to be aware of the limits. They are $10,000 in personal injury and $10,000 in property damage liability. If you have passengers in the vehicle or transport hazardous materials, you are required to have more than these basic limits. Additionally, you can choose more coverage optionally for other specific business needs.
- Commercial Health Insurance
Florida’s law does not require a business to offer health insurance. However, the "Employee Health Care Access Act" provides the availability of commercial health insurance for small business owners for their employees. ERISA, COBRA, and ACA are federal organizations that also guide employee health benefits.
- Extreme Weather Insurance for Businesses
Florida is known for hurricanes. However, there is no explicit coverage for hurricane damage. Instead, businesses piece together a patchwork policy with Abney Insurance.
Abney Insurance assisst in creating coverage for extreme weather or other commercial insurance needs Email us , or visit the website for a free quote.
