General Liability Insurance in Hillsborough

When you’ve put years of hard work into your business, the last thing you want is to be negatively impacted by an event that is out of your control. While no one can prevent the unexpected from occurring, you can control how you handle that risk. Business liability insurance provides customer property damage, coverage for customer injuries, and lawsuits related to either of the two. Not only that, but it’s usually required in order for a business owner to sign a commercial lease or a client contract.

When you’ve worked so hard for your company, make sure you entrust its wellbeing to those who have the same amount of passion and expertise when it comes to their industry. Here at Talley Insurance in Brandon, FL, our lifelong mission is helping you protect yours.

Does Your Business Need General Liability Insurance?

The long and short of it is that almost every business needs general liability insurance coverage, which is also sometimes referred to as commercial general liability insurance. Some of the many benefits of general liability is that it can help your business:

  • Rent commercial space (it is usually mandatory for this)
  • Pay for lawsuit costs if one occurs
  • Sign deals with new clients
  • Avoid bankruptcy
  • Assuage prospective clients’ or customers’ worries as to whether you’ll be able to compensate them in the event of property damage
  • Reassure prospective clients or customers that you are covered in the event that someone is injured

Most businesses, both here in Tampa and across the entire United States, get an insurance policy shortly after they are founded. An owner of any reputable company knows that there are certain achievements that cannot be attained without it, and that there is also far too much risk involved to go without it.

Tampa business succeeding after getting general liability insurance
CEO researching general liability insurance requirements in Florida

Common Traits Among Businesses that Purchase a Policy

As a Tampa Bay area business owner, you are probably want to get a little more granular. We respect that! When it comes to our field of expertise, we are all about the details too.

Here are some common traits amongst businesses that choose to protect themselves with a general liability policy:

  • The business has a location that is open to the public
  • You rent your office, store, or other business space
  • You and/or your employees interact with people on a job site
  • Your company handles client property
  • Your business sells products to customers
  • You advertise or market your company’s services
  • The business has its own social media pages, a website, or another form of internet presence

Do any of those categories apply to your company?

What Does Commercial General Liability Insurance Cover?

As we stated earlier, commercial general liability insurance serves to protect your company from the risks associated with unexpected events and the lawsuits that may arise due to these events. This includes lawsuits regarding:

  • Injury
  • Property damage
  • Slander

These umbrella categories include a host of more specific claims, including:

  • Bodily injury alleged to have been caused by your company or at your place of business.
  • Medical payments in the event that someone sustains an injury on your business’s property (including a rental property).
  • Property damage alleged to have been caused by your company or at your place of business.
  • Reputational harm, including claims of libel, slander, malicious prosecution, wrongful eviction, privacy violations and others.
  • Advertising injuries, such as alleged copyright infringement.
  • Damage to rented property you have rented from another business or individual.

In life and in business, there are no guarantees. At Talley Insurance, we go the extra mile to make sure you have the ideal coverage for your business’s needs. After all, you don’t want to gamble all you’ve worked so hard to build.

Attorney learns that business has general liability insurance

Independent insurance agents in Brandon, FL

Do You Need Specialty General Liability Insurance?

Sometimes, speciality providers need specialty insurance! This may include businesses such as:

  • Manufacturers
  • Wholesalers
  • Distributors
  • Importers of unique products
  • Others with specific needs

If your business falls into one of these categories, you may want to consider specialty general liability insurance here in Brandon, FL. If you tell us more about your needs, we can help you figure out whether this would be a worthy investment, and if so, what type of insurance you need.

We’ve Got Your Business Covered

Did you know that independent agents handle more than 50 percent of all active commercial insurance policies in the country? Give us a call today at (813) 685-9393 and we can get started!

How Much Does General Liability Insurance Cost?

Excellent question! This depends on your unique business needs, and we take great pride in finding you the best coverage at the best price.

In general, several elements are factored into a business’s policy premium.

The first factor is the type of business you own or manage. As you may guess, a construction contractor or a company that gives skydiving lessons will likely have a higher premium than a shoe store or candy shop. The general rule of thumb is the higher the risk, the higher your cost.

Another factor that will affect your premium rate is how many years of experience your business has. If you have been in business for awhile, you may qualify for better rates due to your long standing credibility.

Other variables that can affect your cost include the company’s:

  • Condition of building/property
  • Location
  • Size
  • Insurance claims history (in some cases, but not always)

This is a nuanced subject matter, so we can always let you know more in person or over the phone. If you have any questions, call us at (813) 685-9393.

Is General Liability Insurance Required By Law in Florida?

No, general liability insurance is not required by law in Florida. Then again, neither was founding a business, so you’re not exactly someone who strives for the bare minimum!

If you’ve already invested the blood, sweat, and tears required to start and manage a business, you need insurance. You will also more than likely need general liability insurance if you are planning on:

  • Signing an office lease
  • Applying for a professional license
  • Signing contracts with other companies

Also, in the unfortunate yet all-too-common event that a company is sued (which is never planned, but always a risk!) then general liability insurance also means you won’t go bankrupt over this one occurence.

Tampa business owner saves money on commercial insurance quote

Want to Know More?

Talley Insurance is the best of both worlds, where our personal and hand-tailored approach meets our portfolio of the most renowned insurance carriers. Let us listen to your needs and put over 35 years of experience to work for you!

Please give us a call at (813) 685-9393 or fill out our contact form here. We look forward to chatting with you!