You’ve worked hard to make your company a success. Don’t lose it all with a heavy judgment in a liability lawsuit. Protect your investment and efforts with the right insurance. In Orlando, FL, commercial property-liability insurance is available for every business need. If a customer is injured on your property and threatens to sue, or an heirloom vase is damaged when your contractor installs a new appliance and the owner demands restitution, liability insurance can provide the resources you need to keep your business running.
Different Types of Liability
There are specific types of liability insurance. It is important to assess your business operations and determine where the risks lie. Some common types of liability coverage include:
- Employment Practices Liability Insurance, which covers lawsuits over wrongful termination, discrimination, etc.
- General Liability Insurance provides coverage for lawsuits involving libel, slander, property damage, and infringement
- Errors and Omissions Insurance protects your business from mistakes made by employees
You can negotiate your Business Owner’s Policy, or BOP, to get the benefits that you need most. In Orlando, FL, commercial property-liability insurance will often pay court and legal fees, including lawyer fees, to cover the cost of the trial and defense. Settlements and judgments can also be paid by your BOP.