A Florida business owners insurance policy can provide much broader protection for your business than a commercial general liability policy or a commercial property insurance policy. The Florida business owners insurance policy offers a combination of both property and liability, along with many additional coverages not available on a general liability and commercial property policy.
WHAT COVERAGE IS TYPICALLY AVAILABLE ON A FLORIDA BUSINESS OWNERS INSURANCE POLICY?
A business owners policy, or BOP, typically offers additional coverage such as:
- Coverage for your outdoor sign.
- Valuable papers.
- Data recovery.
- Medical payments covers medical expenses for customers that might suffer a minor injury on the premises.
- Food Spoilage. Frozen or refrigerated items can be insured to value in case an electrical outage ruins your perishable inventory.
- A purchase of new equipment or a new building, short term, until you notify your insurance company.
- Loss of business income. Business income protects the Florida business owners for lost revenues if a claim occurs which keeps the Florida business owner out of operation while repairs are being made.
HOW DO I SAVE MONEY ON MY FLORIDA BUSINESS OWNERS INSURANCE POLICY?
- If you want the best price and best coverage for your Florida business owners insurance policy, you should shop around. We represent the top Florida business owners insurance carriers. GET A FLORIDA BUSINESS OWNERS INSURANCE QUOTE NOW!
- Deductible. Increasing the deductible on your Florida business owners insurance policy will lower your insurance premium and lowering your deductible will increase it. Consider how much you are willing to pay out of pocket before you would file a claim. Then consider how much this will save you on your premium.
- Territory. The location of your business and the distance to fire hydrants and the fire department will make a difference in your insurance premiums.
- Construction type. Whether your business’ building is concrete block or frame construction makes a difference in the rating.
- Year of construction. More carriers have appetites for newer construction buildings built after 2005. This could really help your insurance premiums.
- Alarm. If you have a monitored alarm makes a difference in the premium and whether a company will offer theft coverage or not.