Protecting Your Interests and General Liability Insurance in Florida

No business owner who understands that when a liability issue arises, no matter how much money you save by not carrying the right amount of insurance, the end result is that you’ve placed your business at risk, and quite possibly your personal finances as well. General liability insurance protects your business from claims by any person or business’s claims of bodily injury, along with any associated medical costs and property damage. Your business should not be treated like a casino, because you can’t afford to take that gamble.

Unfortunately businesses are being sued all of the time for things like negligence, libel, slander, property damage, bodily injury, and copyright infringement among other things. And businesses can even be sued in instances when they’ve done nothing wrong. One of the best ways to avoid a lawsuit is to run the safest operations possible, but that still doesn’t mean that an accident or some form of negligence isn’t likely to take place. This is why smart business owners make a point of purchasing general liability insurance in Florida as soon as they are up and running.

Improve safety and reduce risk

Running a safe business is the best type of risk management practice that money can buy. Conducting safety meetings, discussing past issues and finding solutions moving forward will reduce the number of accidents and errors, which is a type of insurance you don’t necessarily have to pay for. Make sure that when an incident occurs, it is fully investigated and documented. This way, you’re likely to avoid a repeat of the issue, because generally people learn from their mistakes.

Things covered by a commercial general liability policy (CGL)

General liability insurance offers some of the broadest business insurance coverage money can buy. It may be included in a business owner’s policy (BOP) or is also available as stand-alone coverage. A few of the risks a business could face that a CGL helps to protect against are bodily injury or property damage, reputational harm, advertising errors, medical payments, and any damages to the premises you are currently occupying. You also have an option to add a business entity or other individual parties to your general liability insurance in Florida, so speak to an agent about coverage options today.

Types of Overnight Rental Insurance

Tennessee is a popular destination for visitors wanting to explore the outdoors. To accommodate their lodging needs, there are a number of investment properties that are available for overnight or multiple night rentals. The following are the different types of rental property insurance in Tennessee that are available for your investment property.

Property Insurance

This coverage is available for the main structure as well as separate buildings such as sheds, guesthouses, pools, and garages. It also includes replacement cost coverage for owned belongings and contents. This coverage goes into effect when there is damage from storms, fire, and other natural events, as well as damage cause by the tenants cialis professional.

Liability Coverage

This helps protect you in the event that guests are injured on the property and you are found to be responsible. This coverage can help pay for lawyers and court fees as well as awards that are decided on for the injured party. If you have high-hazard features on your property, or if you want extra protection, umbrella coverage is also available.

Rental Income Protection

Another type of rental property insurance in Tennessee to consider is rental income protection. If your property has experienced a loss and can’t be rented out, this coverage will help cover the lost rental income until the damage is fixed.