There are several different reasons that you need to have Commercial Insurance in Cape Coral today. Perhaps the most obvious of these is that it is required by the law. As a business owner with at least one employee working underneath you, the law states that you have to maintain a commercial insurance policy. You can choose some of the different options within that policy, but Florida law requires you to have a policy that includes at least the basics.
Coverage For Your Place of Business
Another reason that having a commercial insurance policy is so important is that it gives you coverage for the place where you operate your business. Think of why you maintain homeowner’s insurance for your house. You buy that type of insurance so that your home is protected against things like burglary, fire, and other natural disasters. You should hold the same type of protection for the building where you do business, as well. Your business is every bit as susceptible to disasters as your home may be. In fact, it may be even more susceptible since a business building may not have people in it as often as a residential home does. Both the exterior and the interior of your business building are covered when you get a commercial insurance policy for your business, therefore all your business equipment and other building contents are covered.
Coverage For Liability
commercial insurance in Cape Coral also gives you liability coverage. Any business may be susceptible to legal actions from people who are injured, or claim that they have been injured, while on your property. If a customer files a lawsuit that they eventually win, your business could be fined a tremendous amount of money. It may have been something totally beyond your control, but a situation like that could be the end of your business unless you have liability coverage that will pay for the legal settlement or judgment. Liability is often considered the most integral component of a commercial policy, and it is typically the first thing that an insurance agent will mention. Be sure that you protect yourself and your business with a full scale policy today!
