Small business owners need to understand how important it is to protect their company with commercial insurance. If you are a small business owner in Jacksonville, FL, we can help you meet your commercial insurance needs at Skyline Insurance LLC.
The following are four things small business owners should know about commercial insurance:
Your commercial insurance policy should be tailored to the unique risks in your industry.
When you’re choosing a commercial insurance policy, it’s important to consider the types of risks you face. Every industry is different and faces a different combination of risks. It’s important to be aware of this when you are purchasing insurance for your small business.
You need to include workers’ compensation coverage if you have four employees or more.
In Florida, workers’ compensation insurance is required of companies that employ four people or more. You are required by law to carry this type of coverage as a small business in Florida with employees.
Commercial insurance can protect your company financially if you face a lawsuit.
One of the most important types of protection that a commercial insurance policy can offer a small business is coverage for expenses resulting from a lawsuit.
You should make sure that your commercial insurance policy carries an adequate amount of liability coverage to prevent a lawsuit from destroying your company financially.
It’s important to have commercial auto insurance on your policy if you use vehicles for business operations.
You are not supposed to use a vehicle you have insured through your personal auto insurance policy for commercial activities. If you use vehicles to run your business, you should carry commercial auto coverage.
Reach Out To Us
You need to get quotes on commercial insurance policies when you’re on the market for coverage for your small business. Call us at Skyline Insurance LLC to learn more about the policies we offer. We are a commercial insurance provider that covers small businesses in Jacksonville, FL.