What coverage does my business need?
Marshall Insurance Group insures these commercial lines:
- Commercial property. Your building, equipment, inventory and furniture after covered damage like fire, wind or theft.
- Commercial liability. Claims that your business caused an injury or damaged someone else’s property. Often called general liability.
- Inland marine. Tools, equipment and goods that move between locations or sit at job sites.
- Professional liability. Claims that your advice or professional work caused a client a financial loss. Also called errors and omissions.
- Commercial auto. Vehicles your business owns or uses.
Not sure which apply to you? Your agent will walk through your operations and recommend the right mix.
What is inland marine insurance?
The name comes from the early days of shipping insurance, but today inland marine covers business property on the move: contractors’ tools, equipment at a job site, or goods being delivered. It fills a gap, since commercial property coverage is usually tied to one location.
Does my business need flood insurance?
Commercial property policies usually don’t cover flood. Businesses can buy flood coverage through the National Flood Insurance Program, up to $500,000 for the building and $500,000 for contents, and add excess flood coverage above that. See flood insurance in Florida.
Why use an independent agent for business insurance?
Every business is different. An independent agent compares multiple carriers and MGAs for your industry, then helps keep your coverage up to date as your business grows.
Common questions
What insurance does a small business need in Florida?
Most Florida small businesses start with commercial property, which covers the building, equipment and inventory, and general liability, which covers claims that your business injured someone or damaged their property. Depending on your work, you may also need professional liability, commercial auto for business vehicles, or inland marine for tools and equipment that travel to job sites. Flood is a separate policy. An agent can review your operations and recommend the right mix.
What is inland marine insurance?
Inland marine insurance covers business property that moves or sits away from your main location, such as contractors' tools, equipment at a job site, or goods being delivered. Despite the name, it has nothing to do with boats; the term comes from the early days of shipping insurance. It fills a gap, because commercial property coverage is usually tied to one address.
Does commercial property insurance cover flood?
Usually not. Commercial property policies generally exclude flood, so Florida businesses buy it separately. The National Flood Insurance Program covers up to $500,000 for the building and $500,000 for contents, and excess flood insurance can add coverage above that. Most new flood policies have a 30 day waiting period.