Small Business Insurance West Palm Beach, FL

Business insurance is essential for the future financial well-being of your company. Without proper coverage, an unexpected event like a lawsuit or natural disaster could create severe financial setbacks for your business.

Contact the agents at All County insurance in West Palm Beach, Florida, to learn more about your small business insurance options and get a quote.

Is Insurance Required for Small Businesses?

Under certain circumstances, small businesses must carry specific types and amounts of insurance. In Florida, any business that uses vehicles for business purposes must have a minimum amount of commercial liability insurance coverage.

If your company is a limited liability company (LLC) or corporation, you are protected from settlements that may access your personal property. Business insurance adds another layer of financial protection by protecting your company’s assets from unexpected events and lawsuits.

Small Business Insurance Options

Depending on your company’s situation, your agent may recommend several small business insurance policies to provide the best possible protection for your organization. These options generally include the following:

General liability insurance helps pay for damages if your company is legally responsible for another person’s bodily injury, advertising injuries or third-party property damage.
Commercial property insurance helps replace or repair your company’s property, including inventory, equipment or buildings damaged by events such as vandalism, theft, fires or other named perils.
Errors and omissions (E&O) insurance helps pay for damages if one of your clients or customers claims your company harmed them due to negligence or inadequate work.
Business income insurance helps pay everyday bills if you must temporarily close your business after a covered event.

Your agent may recommend purchasing other small business insurance coverages to address specific perils, such as professional liability insurance, home-based business insurance or cyber liability insurance. Your company may also be eligible to purchase a business owner’s policy (BOP) that bundles several essential coverages at a discounted rate.