answersLogoWhite

0


Best Answer

If you are speaking of non-auto liability insurance for your business, the state imposes no requirements. That said, if you lease business space from a third-party, the lease may prescribe minimum insurance limits, and will generally require that the landlord be named as an additional insured.

The amount of non-auto liability insurance that it is prudent to have is another question. It depends upon various factors, not the least of which is whether your business is open to the public (such as a store). If it is not, you will still want liability insurance to cover potential risk exposures relative to the products that you produce or sell. Overall, you have to look to the risk factors attending your business, and assets that you wish to protect.

Your best bet is to consult a licensed commercial insurance agent/broker.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the minimum amount of liability insurance coverage required for small businesses in the state of Florida?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Other Business

What sort of insurance does one need for a sole-proprietor masonry business?

Commercial General Liability Insurance, otherwise known as CGL provides the coverage required for contractors in the construction trades


As an independent sub-contractor are you required to get professional liability insurance?

This depends on a number of things. It's hard to say without knowing what kind of work you are sub-contracting. First determine if you need Professional Liability coverage Or Commercial Liability Coverage. They are very different products. Most General Contractors do require the subs to carry insurance. Otherwise the General Contractor will have to pay much more for insurance coverage that effectively covers his or her own activities as well as those of the sub-contractors. If the General Contractor you are doing work for already has coverage for his subs under their insurance (usually not). What is the nature of your agreement with the General Contractor. Some Contractors insurance policies cover subs while others do not.


Do you need liability insurance for a cleaning service?

Commercial Liability Insurance It may not be required by law, but it could be a good idea to carry some liability coverage, a minimum of $100,000 in case of an accident, injury or property damage to another party (usually your client) resulting from your operations or completed work. It will most likely be a contractual requirement of any sophisticated or government clients. The cost differential between $100K & $1M of coverage will be minimal - strongly consider the higher limit.


What type of insurance do you need when renting office space?

To rent office space it is advisable to have General Liability, Public Liability, Glass (if necessary), Fire and Perils, Theft and Business Interruption coverage. Your lease may specify other coverages required by the property owner. As to the liability coverages, the property owner will likely require that he/she/it be identified as an additional named insured.


Does mortgage company know the change of the homeowner insurance to landlord insurance?

Your Insurance Company is required by law to provide a copy of insurance policy at renewal time to your mortgage company and to notify them of any endorsements or changes in coverage. They may Notice it if they review your policy.

Related questions

Is liability for auto insurance required by the state of Utah?

Liability insurance is the minimum coverage you can get and is required in every state.


What is the minimum amount of liability insurance coverage required?

The minimum amount of liability insurance coverage required (in California) is: 15/30/5. 15/30/5


What kind of coverage is required under compulsory insurance laws?

Liability insurance


Where can I get liability car insurance?

Liability coverage (often simply called "liability") protects you from damage you do to others or to property in an accident. Some level of auto liability insurance coverage is required in all 50 states - get info for your state's auto liability insurance coverage requirements here.


What auto insurance is required by Georgia?

You are required to have a minimum of 25/50/25 auto liability coverage.


Can you have liability only car insurance in Kansas?

There are three types of automobile insurance coverage required in the state of Kansas. These include liability, personal injury and uninsured.


Do car insurance Nebraska laws require me to have full coverage insurance?

In Nebraska, you're actually not required to have full coverage. You'll only need to have minimum liability insurance.


What kind of minimum insurance coverage is required by law in ontario for a motor vehicle?

public liability


What does basic coverage mean in auto insurance?

That usually means you have the state required liability limits and nothing more.


What are the requirements for PA auto insurance?

In PA you are required to carry at least liability coverage. This is the law in most states.


If I buy a new car with a loan, do I have to have liability auto insurance in New York State?

You are required to have liability insurance on any vehicle. The lender may require you to have full coverage as a loan condition.


Do I leagally need to get auto insurance in Las Vegas?

Yes you are required to have car insurance in Las Vegas. You must have at least liability coverage on your vehicle.