Are you looking for an Orlando insurance agency to help protect your new business? As you embark on your search for an agency, it’s good to understand the types of coverages that are available to you. For new entrepreneurs, here are three important coverages that you should expect to be included in your policy.
Professional Liability Insurance
Professional liability insurance protects you in case a 3rd party files a lawsuit against you claiming that they experienced a loss because of an error or omission by your business. If that were to happen, your policy would cover your attorneys’ fees as well as any other expenses for which you’re found liable.
General Liability Insurance
General liability also protects you in case a 3rd party files a lawsuit. However, it’s a more broad coverage in that it covers you in case someone suffers an injury or property damage because of your business. Like professional liability, your policy will cover all of your legal expenses related to the lawsuit.
Property insurance protects you in case your business assets become damaged or lost. Items such as your building, furniture, equipment and digital assets can be repaired or replaced if covered under your policy. Events that are covered include fires, storms, vandalism and theft.
Other coverage options such as workers’ compensation may also be necessary depending on whether you have employees. Your Orlando insurance agency can help you build a policy that meets your exact needs.