DISTRIBUTION & WHOLESALE INSURANCE IN FLORIDA
Operating a distribution business comes with unique risks, with shipping losses and delays being common occurrences. Fortunately, this is an area that distribution insurance can help with, making it possible to cover unexpected Florida disasters. Below, Prestige Insurance Group Inc. in Miami, FL breaks down types of distribution insurance to be on the lookout for.
Property Insurance
Hazards such as hail, vandalism, and fire could cause significant damage to your business premises, resulting in repair and replacement expenses. Property insurance will come in handy here, helping you take care of these costs. If contents stored within your building are also destroyed, property insurance will help you replace these items.
Cyber Liability Insurance
Due to the influx of cyber breaches, businesses with digital operations need to protect themselves from losses arising from attacks, with cyber insurance being the go-to. This coverage allows you to cover client notification costs, monitoring fees, and ransom charges when cyber-attacks happen.
Cargo Insurance
Cargo insurance will often be an add-on policy that protects you from losses arising from cargo damage. It will also safeguard your business from risks such as delays arising from distribution problems, providing compensation for losses incurred.
Commercial General Liability Insurance
Your business may occasionally encounter advertising and defamation lawsuits due to employee malpractices. Commercial general liability insurance will help pay your legal fees if this happens. It will also help you cover costs related to customer bodily injury and property damage, providing reimbursement costs for medical bills and repair costs.
Commercial Auto Insurance
This policy will be ideal if you have trucks and vehicles registered in your company name. It will help pay for damages arising from accidents, whether repair costs are needed to fix your cars or replacement costs when the damage is significant.
If you need help determining an ideal policy for your Florida distribution business, make it a point to contact Prestige Insurance Group Inc. in Miami, FL today. We provide tailor-made underwriting services geared toward Florida business needs for year-round protection.
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