For businesses in Florida, there are certain commercial insurance policies that many businesses are required to have. It’s essential for you to know what these policies are and whether they pertain to your business. When you need commercial insurance, you can call us at Deboo Insurance Agency Inc. in Deerfield Beach, FL for more information. 

Workers’ Compensation Insurance

When your business has at least four employees, it is required to have this type of commercial insurance on them. This is the case whether the employees are part-time or full-time. If your business is in the construction industry, having just one employee requires you to have this insurance. Workers’ compensation insurance is there to pay for the medical bills and lost wages of workers who have an accident at work and are injured there. It’s also for workers who develop a work-related illness. This insurance is essential for your business to protect it from liability and from having to pay an enormous amount for medical bills and lost wages during recovery. 

Commercial Auto Insurance

If your company owns any vehicle, that vehicle must be covered by this policy. There are two types of coverage within these policies that you are required to have. This includes a minimum amount for property damage liability. This pays for the damage to someone else’s vehicle, landscaping, building, etc., damaged during an accident. You are also required to have a minimum amount of personal injury protection in the policy. This pays for your, or your driver’s, medical bills that are required after an accident. Both of these amounts are very small when compared to other states. It’s often best to get more than the minimum required amount to be adequately covered in an accident. 

Cover Your Business

When you want to keep your business operating legally, it’s essential to have the right commercial insurance. Call us at Deboo Insurance Agency Inc. in Deerfield Beach, FL to get yours.