SunGate Insurance Agency Blog
If you own a small business, you know that you need to protect your business and your employees with the right insurance policy. Yet understanding exactly what kind of insurance is required to protect that business can be complicated, especially when you also need to protect your bottom line.
Getting the right policy—at the right price—means knowing the rules and regulations of your state, county, and city as well as the specific requirements of your industry. A local independent agency such as SunGate Insurance Agency in Orlando, Florida is the best place to start your research. We can help you find the business insurance policy that meets all necessary legal and financial requirements in order to give you peace of mind.
Getting Started: Know Your Industry and Your Business
The first step to getting the right business insurance policy is developing a firm understanding of your industry and your insurance needs. A few simple questions will help define some of the most important insurance needs:
Once you have defined the parameters of your business, you can select coverages designed to meet the legal requirements here in Florida as well as the types of optional coverages you may want.
Knowing the Laws in Florida and other Legal Requirements
It is critical to know the legal requirements for your state and design an insurance policy to meet those requirements. In Florida, the state mandates only two specific types of business insurance:
It is also important to understand any specific insurance regulations required by the county and/or city where your business is located. Additionally, other entities with a stake in your business, such as a bank or mortgage broker and/or a landlord, may have insurance requirements to protect their interests.
Get the Right Insurance Coverages for Your Business: Most Common Optional Coverages
While Workers Compensation and Commercial Auto Insurance meet the basic legal insurance requirements in Florida, these two coverages alone will likely not provide sufficient insurance protection for your business. In most cases, business owners will want to add some “optional” coverage to maximize their protection. Some of the most common coverages include:
Contact SunGate Insurance Agency serving Orlando, Lake Mary, Longwood, Heathrow and other Florida-area businesses!
We are the insurance experts at your local insurance company. Contact us today to discuss your small business insurance needs or to get a free quote!
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Contact SunGate Insurance Agency today learn more about the type of insurance you need. Click here to contact us or call (407) 878-7979.
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Home Insurance, Auto Insurance, Group Insurance, Property Insurance, RV Insurance, Renters Insurance, Event Insurance, Insurance Bonds, Life Insurance, Business Insurance, Workers Comp, Flood Insurance, Umbrella Insurance and more!
Located in Lake Mary, Florida (serving clients Nationwide and locally in Orlando, Heathrow, Longwood and surrounding Central Florida areas.