Commercial marine insurance is important for anyone who works in the boating industry. Every industry has its own specialized risks that require their own insurance options. If you work as a marina operator, in a boatyard, as a boat builder or any other commercial boating business, here is why you need boating insurance.
The experts at www.merrimacins.com/ explain the need for insurance solutions that address the complex exposures in the marine industry. It is important for marine insurance to be flexible and when it comes to insurance for commercial marine companies, it generally is. The liability limits are higher than personal insurance coverage.
Protecting your company against risks should always be a top priority. An investment in insurance now saves you from having to invest later. There are not only discounts available to those in the marine industry, but you can invest in specialized coverages. You can customize your options. Only choose the coverages that you need for your company.
When it comes to insurance options, you have to think about your industry first and the types of protection that you need. When you work in the marine industry, there are a variety of different risks that you might face. Whether you work as a marina operator, a boat builder or a boat dealer, there are coverages for everyone.
You have insurance that protects your home and other personal items, so why not have insurance that also defends your business? Commercial insurance companies in Florida can work with you to create a policy that protects you from liability claims and keeps your company safe.
Insurance Solutions To Mitigate Your Risks
Owning a business means you face certain risks. That is a given. However, you don’t have to worry about those risks when you have the right kind of insurance that covers you for everything from general, broad insurance to more specific coverage for your industry.
Some of your insurance options include the following:
Commercial auto coverage
Directors and officers coverage
The above list is not comprehensive, but it simply provides an idea of different policies you can choose from. In order to create a plan that reflects your needs, an insurance agent looks at your business to determine which policies best protect you against claims and loss.
Protecting Your Business Today
Protecting your business means understanding what your risks are and how to manage them. Knowing which insurance policies to choose can be difficult, but commercial insurance companies in Florida want to help you select programs that keep your business safe.
Protecting Your Business From the Public
Whenever a business allows people outside of the company onto business premises, there are risks involved. Public liability insurance, or PLI insurance, is beneficial and essential for any business that has physical contact with the public.
PLI insurance is considered to be the bare minimum for commercial insurance that businesses need if they invite anyone outside the company into the business. Whether these people are from a third party or the public, your company takes a risk by allowing them on the property if they are not employees. People covered by this insurance include:
Customers to a retail store
Under your commercial insurance, you most likely have a policy that protects your employees in cases of injuries or illnesses. This policy is similar in that your business is held responsible for what happens to visitors. However, rather than protecting visitors, it protects your business. The insurance policy itself is designed to safeguard the company from claims of the following on the business premises:
Basic Coverage for Your Business
If you own a business that allows members of the public to access the premises, you need PLI insurance as the base level of protection. That way, if an accident happens and someone from the public files a claim against you, your business is protected.