business insurance coverage in Orlando

Three Liability Coverages You Should Know

Liability coverage is the most basic and popular form of business insurance. While the concept is easy to understand, the different coverages can be confusing to some as they can appear to be similar. If you’re searching for business insurance coverage in Orlando, here are three liability coverages that you should be aware of.

General Liability

General liability covers all liability cases from a customer injuring themselves in your store to your hardwood cleaner ruining a customer’s floor. While the name implies that it’s an all-encompassing insurance there are specific cases that fall outside of its coverage area.

Professional Liability

Also known as errors and omissions insurance, professional liability is specific to instances where a lawsuit claims an error on your part caused the negative outcome. For example, a patient can claim a dentist’s negligence led to their teeth falling out.

Pollution Liability

If you’re in a construction contractor or a manufacturer, then you’ll want to carry pollution liability. It covers your business in case pollution from your business activities lead to injury to a non-employee or their property.

As a new owner searching for business insurance coverage in Orlando, you’re probably going to try to cut corners in your insurance coverage. However, business insurance shouldn’t be one of the areas. Your best option is to work with a provider who’s experienced in your industry and can tailor your policy to meet your business and financial needs.

3 Signs You Need a New Business Insurance Agent

Purchasing business insurance coverage in Orlando is one of the smartest things you can do to protect and grow your business. If you have an excellent working relationship with your agent, you probably realize the many benefits of having a great provider. If things are a bit off, it may be time to go shopping with a new agent. Here are three signs your company should replace its business insurance agent.

1. Your Agent Forgets About Your Bottom Line

If your company operates in the black, you may have money to spend on business insurance coverage in Orlando. Still, your agent should keep your bottom line in mind. If your agent doesn’t regularly research how to save you money, you may need a new one.

2. Your Agent Doesn’t Return Your Calls

If you don’t return your customers’ calls, they don’t continue to do business with your company. The same should apply to your agent. If you can’t get a callback, it’s probably time to get a new insurance provider.

3. Your Agent Doesn’t Know the Market

As your business grows, your agent must adapt. If he or she doesn’t have the in-depth knowledge required to meet your company’s needs, you should probably look for one that does.

While business insurance can be complicated, the right agent can usually help you navigate through it. If you don’t have the right agent, it may be time to go shopping for a new one.