Understanding The Ins And Outs Of Florida General Liability Insurance

Posted February 8, 2011 by Admin

Having general liability coverage is key to protecting your business against personal injury or property damage lawsuits. In the event that a third party is injured or has property damaged while in or on your place of businesses (property), general liability insurance provides coverage against these occurrences and absorbs the financial loss due to such events. General liability insurance covers compensatory and general damages only. Liability insurance requirements will vary from state to state. Florida residents in need of Florida business insurance should speak with their certified Florida insurance agent to ensure that they fully understand their coverage and how it benefits their business.

Any company doing business in Florida is required to carry a Florida general liability policy that is obtained through a licensed Florida insurance provider. If a business is not Florida based they must still obtain this coverage in order to perform business in the state of Florida. The policy must be obtained before business starts and maintained up to one year after job completion. The original certificate of insurance must be displayed at the work site. A copy of this certificate is not valid. These details are vital to business operation and lawsuit protection. By speaking to a knowledgeable Florida insurance representative these vital pieces of information will be provided and the proper amount of liability coverage issued.

Florida general liability insurance will vary between business type and Florida city location of operation. For instance a contractor is required to carry general liability coverage with $300,000 bodily injury coverage and $50,000 property damage coverage. Other business types, such as that purchased for Florida restaurant insurance may require lower coverage limits in the area of $100,000 in bodily injury and $25,000 property damage coverage. Business type, city, total payroll expenses and other variables will create the need for a specified amount of Florida business insurance. Proper Florida general liability insurance coverage is key to legality and personal protection. Speak to your Florida commercial insurance agent for details on coverage requirements in the state of Florida.

For more information about Florida general liability insurance.