Protecting your business requires more than security cameras and a watchful eye. If you’re a business owner with a commercial building space in Pinellas County, FL, obtaining the right general liability insurance policy is crucial. The right insurance policy can provide protection and peace of mind year-round as you operate your business with a mindset of growth. At Percheron Insurance Group, we’re here to guide you through the process of determining how much general liability insurance is needed as a business owner in the region.
Recommended Coverage Limits
For small business owners in Florida, traditional general liability insurance policies are often a good starting point. In Pinellas County, government contracts typically require at least $1 million in coverage per occurrence and $2 million in general aggregate coverage. Additionally, you may need policies such as $2 million in product coverage (or completed operations aggregate) and $1 million in personal and advertising injury protection.
Why Higher Coverage Limits Are Beneficial
Depending on your industry and the risks you face as a business owner, increasing your general liability coverage may be a wise decision. Here’s why higher coverage limits can be advantageous:
- Legal Defense Costs: Legal cases can quickly accumulate thousands of dollars in expenses.
- Industry Standards: As industry standards evolve, higher aggregate limits can help protect against product liability issues, injuries, and even disputes with clients.
In Pinellas County, understanding insurance requirements is essential, especially if you’re working with government contracts. Whether you own a retail store or are opening a new coffee shop, protecting your investment with adequate general liability coverage is a must. To learn more about your existing insurance policies and to review your general liability needs for comprehensive protection, contact Percheron Insurance Group today.
