If you own a business or are about to start one up, you should not underestimate the importance of good commercial insurance. Commercial insurance Orlando is not only important to the survival of your business, but it protects your employees, your clients, and you. There are some basic and essential types of commercial insurance. Any business, regardless of what you do, should have some general liability coverage. If you or one of your employees is liable for property damage or a third party injury, then general liability coverage should pay any damages, legal costs, and medical bills. If you have a larger business or your business involves contractors and labor, then you may want to look at extra liability insurance. If general liability cannot cover damages, then you could end up paying out of pocket if you do not have additional liability coverage.
Workers compensation insurance, employment practices insurance, and disability insurance are essential parts of commercial insurance Orlando if you have employees. If your employees feel they are working in a hostile work environment or experience harassment, they can bring suit against you, so you will need employment practices insurance. Workers compensation is legally required as well, and if you do not have workers compensation or disability insurance, you may have to pay out of pocket or face a legal suit in the event that one of your employees qualifies for workers compensation or disability.