The general term “business insurance” in Florida and Massachusetts has to do with protecting a business against liability, workers compensation, property damage and operational losses. The exact type of loss covered by these exposures depends on the type of policy purchased. All small businesses, both new and old, need insurance to protect themselves from business liability, bodily injury, work related accidents, injuries, fire and lawsuits.
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Small business insurance is a necessity for even the smallest company in order to protect and maintain its financial health. Business Owners Insurance (also known as a Business Owners Policy or BOP) protects your small business in Florida or Massachusetts from a variety of risks by combining property insurance, liability insurance, crime coverage and additional protection into a single premium, convenient policy.
Commercial General Liability (CGL) policy covers businesses in Florida or Massachusetts from financial losses resulting from property damage, completed products, and personal and advertising injury caused by services, business operations, or employees.
Commercial Auto Insurance
Commercial Auto Insurance covers Florida or Massachusetts business-owned vehicles for liability, physical damage, medical payments, and uninsured and underinsured motorists. Commercial auto insurance in Florida and Massachusetts can cover private passenger vehicles as well as industrial vehicles such as large trucks, buses, and trailers.
Directors and Officers Liability covers past, present, and future officers of a corporation for damages from neglect, breach of duty, errors and omission, and provides coverage to the corporation for the legal defense of the officer.
Professional Liability Insurance
A Professional Liability policy provides coverage for what is known in medical fields as “malpractice” and in other fields as “errors and omissions.” It covers claims of negligence, misrepresentation, violation of good faith and inaccurate advice. Professional liability insurance in Florida and Massachusetts also protects any professional “expected to have technical knowledge or expertise.”
Workers' Compensation Insurance
Almost every business in the United States has to handle the problem of workers’ compensation. Florida and Massachusetts require employers to purchase workers’ compensation insurance policy to handle their statutory obligations to workers who are injured or made ill due to a workplace exposure.
Also known as Excess Liability insurance, Commercial Umbrella policies provide increased liability coverage over and above your other business liability policies.
Flood insurance is an essential policy to carry in order to protect your home in Florida and Massachusetts, especially if you live in a high- or medium-risk flood zone. Standard homeowners and renters insurance does not cover flood damage.
With Econosurance overseeing your insurance needs, you can focus on operating and expanding your business. We partner with top-rated insurance companies to provide you the best protection possible for your business, at outstandingly affordable rates!