Entrepreneurs spend a lot of money to get a business off the ground; and many startups have significant challenges in their first few years. The bottom line is entrepreneurship requires a certain level of ‘risky thinking,’ and that kind of thinking can expose a business to some extraordinary risks. At Spickelmier Insurance, our independent agency is here to help protect Florida business owners from these risks so you can focus on growing your business. We work with several of the top commercial insurance carriers in the state to find the right coverages to fit the needs and budget of each client we serve.

Some of the common commercial insurance policies include:

• Property Insurance: Covers damaged or destroyed physical assets from natural disasters, vandalism, and other dangers.
• E&O Insurance: Provides liability insurance to cover errors and omissions made by professionals such as attorneys and doctors.
• Worker’s Compensation Insurance: Provides no-fault coverage for your employees’ medical needs (resulting from a covered incident) in exchange for waiving your employee’s right to take legal action for their illness or injury.
• Business Crime Insurance: Covers against fraud, forgery, theft, or robbery perpetrated against your business.
• Business Auto Insurance: Covers your employees and vehicles similarly to private auto insurance with some extra protections needed for commercial use.
• Employment Practices Liability Insurance: Covers your business if you should be sued by a past or current employee for illegal practices such as discrimination, sexual harassment, or wrongful termination.
• Key Employee Insurance: Is a form of life insurance that can protect your business from the loss of an individual that is crucial to the success of your business.
• Transportation and Cargo Insurance: Covers you if goods are damaged or lost in transport by one of your vehicles or a common contract carrier.
• Umbrella Insurance: Covers large losses that the liability coverage on your standard policies cannot absorb.

And this doesn’t begin to delve into the myriad of small, industry-specific insurance types such Baliee Insurance (which covers companies who take possession of personal goods, like dry cleaners, should they accidentally damage those goods) or Building Ordinance Insurance (which covers companies that must spend additional money rebuilding ‘to code’ a grandfathered structure that was catastrophically destroyed).

In short, commercial insurance is complex as a category, and every type of commercial insurance is complex in and of itself. That’s why every small- medium- and big-business owner needs a dedicated and knowledgeable insurance agent on their side — not one beholden to any particular insurance carrier.

Spickelmier Insurance Agency is exactly what Florida business owners need. Locally-owned and locally-focused, we can help you sift through the offerings and figure out not only what kinds of commercial insurance apply to your company, but which specific policies from each category will suit you best. Call us today at (904) 471-7155 or stop by our office to for more information.