Are you looking for Contractors Insurance In Florida

January 27th, 2010 by admin

As a contractor here in Florida you are always looking for the best deal on your insurance – you have to insurance for contractors is a huge nut to crack.

Contractor Insurance Florida could consist of a number of insurance policies, but the Big 3 are these:

1) Commerical General Liabillity Insurance

2) Commericial Auto Insurance

3) Workers Compensation Insurance

When you are starting out in your contracting business – the first insurance policy you will need is Commercial General Liability Insurance.  This provides you with coverage for bodily injury and property damage claims brought against you.  Your insurance company not only provides the coverage for you, but also provides legal defense costs as part of the policy contract.  This means that it is a bad idea to take very low limits of liability as the insurance company’s duty to defend you goes away when a settlement has been reached.

Your commercial auto insurance policy protects your vehicle and your business while your business’s vehicles are on the road.  This is one of the key insurance policies you will use – make sure you check the driving records of your employees before you let them drive your company vehicles.  In insurance terms, an employee with a very poor driving record may well make for a bad employee.  This is generally referred to as “where there is smoke there is fire”.

Workers Compensation coverage provides your employees with medical and indemnity benefits fi they are injured in the course of their employment.  It matters not what caused the injury – if your employee is injured at work – Workers Compensation Insurance pays.

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