Do Manufacturing Businesses Need Insurance in Florida?

manufacturer insurance in Orlando

If your business is searching for manufacturer insurance in Orlando, how do you know what kind of insurance your business needs? Most manufacturing companies face unique risks in development and shipment of their products. Some types of insurance are required in Florida. Any business with over four employees who are not owners or proprietors should have workers compensation insurance. Florida also requires business vehicles with four or more wheels to have commercial auto insurance. If your company transports products from state to state, there are special insurance requirements that vary depending on the type of shipment.

Though other types of insurance are not required, most manufacturing businesses face many risks that have the potential to cause accidents or injuries that might harm your company’s reputation. General liability insurance can protect your business by covering injuries and property damage. Product liability insurance is particularly important to manufacturing businesses in case of damage or loss to stock. Equipment breakdown insurance can cover the cost to repair or replace equipment that stops working due to mechanical or electrical breakdown. Business interruption insurance covers your business during an outage or disaster. There are many other types of insurance for a variety of risks that your manufacturing business might face. A qualified insurance professional can help you find the manufacturer insurance in Orlando that you need.