When starting and running a business, you want to make sure you don’t overlook an essential element- commercial insurance. A commercial insurance policy is a protection for your company against lawsuits, injury claims, legal fees, medical fees and even marketing and advertising claims gone wrong.

While Floridian businesses are not mandated by law to carry commercial insurance, Florida is known for being litigious and awarding sizable financial judgments to plaintiffs. Thus, owning a business makes your odds of being sued increase greatly. If you’re uncovered by a commercial insurance policy, you will be completely liable for any judgments and all the legal costs associated with them. Not only can lawsuits and injury claims cause extreme financial stress and capsize your business- this can carry over into your personal finances as well.

What Should my Commercial Policy Cover?

You must make sure the basics are covered to fully protect your business. Consider these minimum requirements for a solid commercial insurance policy:

  • At least $500,000 in coverage (more for larger businesses)
  • Injuries and injury claims
  • Property damage
  • Legal fees, settlements, and judgments
  • Medical fees
  • Product liability claims
  • False advertising claims

Those are strong starting points to focus on when investing in a commercial insurance policy. You should realize that there are caps to the amount of coverage that you will receive. For a small business, this is fine. However, as you continue to grow, obtain more employees and increase your annual revenue, the amount of coverage that you have on your commercial insurance policy should increase as well. Also, consider if your business is in a high flood zone, etc. In this case, additional coverage for property damage and flooding will be a wise investment.


Commercial insurance can be confusing. As a family owned and operated business with over 50 years of experience in the insurance industry, Oyer, Macoviak, and Associates can help you make the right decision on the perfect commercial insurance policy for your business. We pride ourselves on offering personal customer service for our clients.

If you would to like to discuss your options for commercial insurance please call us at 561-732-9305 our quoting hours are Monday through Friday from 8:30 AM to 5:30 PM. In addition, you can request a quote online. Please remember, We Handle All the Work, While You Save!