Complete Business and Commercial Insurance Coverage
Business Owner's & General Liability Insurance in Florida
We at Viera Insurance Agency are proud to offer a full line of commercial insurance coverage to all businesses of any size, large or small. Adequate insurance coverage is essential to protect your business and we can help tailor a complete policy to cover your specific business needs.
When you operate a business you are open to a myriad of potential injury and liability claims from all directions. It can be an employee that was hurt on the job, a customer that was injured in your place of business, a customer that was harmed in some way by doing business with you, using one of your products, or a dissatisfied customer that decides to sue you. The only way to be protected from a claim against your business with potentially catastrophic financial results is to have adequate commercial insurance coverage. Even a claim that is found to be bogus can cost you thousands in legal fees. If someone is found to have a valid claim and wins a large settlement without adequate insurance coverage, you could end up losing business assets, your entire business, and possibly your personal assets as well.
Commercial General Liability Business Insurance
The first and most important form of business coverage you need to have in place is your General Liability Insurance, which is also known as Commercial General Liability (CGL). This is absolutely the most basic and the minimum insurance coverage any business should have. Florida law requires different types of businesses to carry different levels of general liability insurance depending on the type of business. This is where our insurance professionals at Viera Insurance Agency can really help you to make sure that your business is in compliance with Florida law as it relates to your particular businesses requirements.
Your CGL covers you financially for different types of events where a lawsuit may be filed. Here are a few examples:
- Personal Injury (including slander & libel)
- Bodily Injury (on your premises or by your products)
- Property Damage (damage to others' property)
- False or misleading advertising
- Compensatory Damages (actual and future financial losses suffered by the party)
- General Damages (pain & suffering and mental anguish)
- Punitive Damages (additional penalties that may be assessed)
We are sure you can see how important a well structured CGL insurance policy is to your business. We can help you design the best policy for your business at the best possible rating and lowest premium we can get for your particular business.
Depending on your business, CGL may actually be the only form of liability insurance your company needs, because it covers claims relating to injury, property damage and covers you personally if you or an employee caused the injury or damage.
Commercial Property Insurance
The second most important form of coverage that you should have in place is your Commercial Property Insurance (CPI). CPI will cover your business premises regardless if you own the building or if you are a tenant as well as any property and equipment in events such as storms, wind, fire, explosions, vandalism, burglary, etc. All it takes is an event such as one listed previously to potentially wipe out your business, as the cost of replacing damaged buildings, damaged or stolen equipment, and/or inventory can be potentially catastrophic.
There are two choices when it comes to your property insurance coverage. You can buy replacement cost coverage or actual cash value coverage.
Call Viera Insurance Agency Today
Please don't hesitate to call or contact one of our professional insurance representatives at Viera Insurance Agency today to discuss your complete business and/or commercial insurance needs so that we may design the best policies for you!