General Liability Insurance in Punta Gorda, FL
General liability insurance is a fundamental business coverage that may cover businesses from common third-party claims involving bodily injury, property damage and reputational harm. This policy may provide funds for legal defense costs, settlements and judgments if your business is found liable.
Who Is Covered Under a General Liability Policy?
A standard general liability policy typically covers the following:
- Business owners
- Employees during work-related activities
- Temporary staff working on behalf of the company
- Contractors (in some circumstances)
- Newly acquired businesses or subsidiaries (within specified timeframes)
Coverage typically applies when these individuals perform duties related to business operations, though exact terms vary by policy.
What Does General Liability Insurance Cover?
General liability insurance typically includes the following essential protections:
- Bodily injury liability may cover medical expenses when someone is injured on your business premises. This may also cover your legal defense if you get sued.
- Property damage liability may cover repair or replacement costs if your employee accidentally damages someone else’s property while performing services.
- Personal and advertising injury coverage may provide financial assistance following claims of libel, slander, copyright infringement or misappropriation in your advertising.
- Legal defense costs coverage may cover attorney fees, court costs and settlements if your business is sued for any of the above claims.
Is General Liability Insurance Required in Florida?
General liability insurance remains optional under Florida law. However, certain situations may require it. For instance, many clients and contracts require proof of general liability insurance before doing business. Some professional licenses (particularly contractors, landscapers and some service providers) also require this policy to obtain or maintain licensure. Additionally, your bank or landlord may ask for general liability insurance to secure business loans or sign your property lease.
Get a Quote
The experienced agents at Harbor Star Insurance, LLC can analyze your business risks and design policies with optimal coverage at competitive rates. Contact us today for a personalized consultation and quote.