Attention business owners of Inlet Beach, FL! Are your commercial liability policies up to date? An accurate assessment of your liability insurance requirements is vital. The folks at Dune Lakes Insurance are available to help you assess your liability needs.

Liability is one of two main aspects of commercial insurance (the other is property insurance) and provides financial protection and compensation against the loss or damage to someone else’s property or for injuries sustained while on your premises or while using your product.

Any business with employees in FL is required to carry workmen’s compensation insurance, aka employer liability insurance. This type of liability insurance provides financial cover if an employee should be injured while working. Depending on the policy structure, this may provide cover for medical bills, loss of income benefits, and even protection from lawsuits brought by the employee against the employer for work-related injuries.

Small businesses will sometimes purchase some called a business owner’s policy (BOP). This policy may include aspects of cover for liability, property, and commercial auto insurance. Commercial auto insurance specifically should have its own liability section.

Another type of liability insurance for businesses is commercial general liability insurance. This type of liability insurance is for bodily injury (BI), and property damage (PD) claims.

Commercial umbrella insurance is an unusual type of commercial insurance that sits above your primary policy and is usually for liability claims over and above the norm and is normally used when your main liability policies are exhausted.

Dune Lakes Insurance serving Inlet Beach, FL is there to help you navigate your liability insurance requirements. Speak to a consultant today and make sure you are adequately covered for liability.