Required Commercial Insurance in Florida

There are many different kinds of commercial insurance that businesses can use to protect themselves and the workers. There are two types that are required by state law for most businesses in the state. However, many businesses choose to supplement with other coverage types so that every aspect of their business is covered. If you want to talk to an agent about your company’s insurance needs. call us at Deboo Insurance Agency Inc. in Deerfield Beach, FL.

Commercial Auto Insurance

If your business owns one or more vehicles, there is commercial auto insurance required for that vehicle. There are minimum requirements for the coverage for personal injury as well as the amount required for property damage. The required amounts are some of the lowest in the country, however, so adding to that coverage is a smart way to keep your business protected. 

Workers’ Compensation Insurance

This type of commercial insurance is required of most businesses, and it depends on the number of employees your company has. If you have a construction business, this policy must be in effect even if you have only one employee. For other business types, this insurance is required for companies that have at least four employees. These employees may be part-time or full-time. This coverage protects the business by paying out the medical bills when workers become sick or injured at work. It also protects your business by paying those bills instead of you having to pay them from the business’ funds. 

Get Your Coverage in Place

Don’t wait until you’re caught without the proper commercial insurance. If you’re uninsured, or underinsured, call us now at Deboo Insurance Agency Inc in Deerfield Beach, FL. Talk to an agent about your business and what it needs to stay protected.