Florida Business Insurance
As a business owner, you are responsible for your own financial success, as well as the livelihood of your employees. Plus, you’re an important part of Florida’s economy. Strassman Insurance Group offers a Business Owners Policy (BOP) that is customized to meet the needs of your specific business, combining property insurance and liability coverage into a convenient policy. We give you the peace of mind to focus on achieving your goals.
Florida Business property insurance provides protections in the following categories:
Accounts receivable – This comes standard with your BOP, and provides coverage for the increased cost of collecting payments – as well as the expense of reestablishing accounts receivable records – in the event of a loss, such as a fire that destroys your billing records.
Valuable papers and records – Also standard with your BOP, this covers damage/destruction of important business documents.
Property in transit or off premises – Helps protect your property while it’s being transported to another location or while off of company property.
Spoilage coverage – Covers against loss of perishable items due to a power outage.
Building and personal property – Protects your building and/or business personal property against loss from such destructive events as fire on a replacement cost basis set by the policy limits you select.
Business income and extra expense – Provides for income loss and expenses while your business is closed due to a covered loss, and can help with expenses related to setting up a temporary location while repairs are made.
Computer fraud and funds transfer fraud – Provides for loss directly related to the use of any computer to fraudulently transfer funds, securities, etc.
Business property; loss of cash due to theft, robbery or destruction – Covers property damage and loss of contents incurred as the result of a criminal act; covers against the loss of money or securities. Also covers against the loss of customer goods on your property.
Electronic data – Covers repairing and restoring data compromised by malicious code that damages or destroys any part of your computer system.
Optional data compromise protection provides case management, legal support, credit monitoring and legally required notifications in the case of a data breach resulting the loss or theft of customers’ personal information.
Employee dishonesty – Optional coverage that provides protection in the event an employee commits theft of money or property from your business.
Business liability insurance provides protections in the following categories:
General liability – Provides coverage for damages awarded to lawsuit plaintiffs due to an injury received while on your property. Your coverage is based on a per-loss limit and an annual limit.
Products and completed operations – Provides coverage for lawsuits filed claiming injury or illness caused by products you sold, distributed, produced or handled.
Employment practices – Optional coverage for wrongful termination, sexual harassment or discrimination lawsuits. Your coverage is based on a per-loss limit and an annual limit.
Data compromise – Optional coverage provides for case management, legal support, credit monitoring and legally required notifications in the case of a data breach resulting the loss or theft of customers’ personal information.
Miscellaneous professional liability – Optional coverage that helps protect against legal obligations resulting from professional errors, negligent acts or omissions.
Employers non-owned auto liability – Optional coverage helps protect against liability as the result of an employee’s use of their own car while conducting business for your company.
Your Strassman Insurance Group agent can give you the benefit of years of experience covering the needs of small-to-medium size businesses. We invite you to schedule an appointment to tell us about your current insurance requirements, and plans for growth.