Florida General Liability Insurance
As a business owner, you can benefit from a comprehensive commercial liability insurance policy to help protect all that youve built. General liability, also known as commercial liability insurance is a broad commercial insurance policy that covers general liability exposures of a business. It is recommended that all businesses have general liability coverage in place.
As the word general suggests, there are different exposures to consider and a coverage type available to meet many of your concerns. Having Florida general liability insurance in place helps pay any costs associated with judgments against you, your employees or your company that may otherwise put your organization in serious financial distress.
Professional liability insurance for errors and omissions
An errors & omissions (E&O) policy covers professionals for negligence in their duties that injure their clients or causes damage to a third party. This type of insurance is particularly important to licensed professionals such as accountants, attorneys, insurance agents, architects, engineers and technology companies. Please note that E&O exposures are not covered under a General liability policy. You need specialized coverage.
Employment practices liability insurance (EPLI)
EPLI is also designed for employers and covers employment-related liabilities other than on-the-job injuries. This can include legal fees and damages for suits such as wrongful termination, discrimination, sexual harassment, and other alleged violations of employees legal rights. If, for example, an employee believes they were overlooked for a promotion or raise, or a new candidate isnt offered a position they feel they were fully qualified for, these are the types of instances where an employment practices suit may be filed. This is a valuable coverage for any company that has employees as these situations can arise quite unexpectedly and can be extremely costly to defend against.
Directors and officers (D&O) insurance
D&O covers directors and officers of a company for negligent acts or omissions and for misleading statements that result in lawsuits against the company. Coverage varies depending on the specific needs of an organization, and can be purchased by non-profits as well as for profit companies. There is also a variety of directors and officers coverages available such as corporate reimbursement coverage, personal liability, and entity coverage. D&O policies may be broadened to include coverage for employment practices liability as well.
Speak to an agent familiar with these risk profiles and get answers to all of your questions concerning Florida general liability insurance.