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The Complete Guide to Jacksonville Florida Business Liability Insurance




Introduction: Why is Liability Insurance Important?


Liability Insurance is a type of insurance designed to protect the insured from the financial consequences of liability. Liability insurance is a form of legal coverage that protects individuals when they are sued or held legally liable for damages. Liability insurance policies can be broadly classified into three types: General Liability, Professional Liability and Directors and Officers.


General liability policies provide protection against claims arising from bodily injury, property damage, personal injury or advertising injury.


Professional liability policies indemnify professionals against claims arising from their professional negligence such as malpractice in medical, legal and engineering fields. Directors and officers policies provide protection to directors and officers against lawsuits arising from their actions within the scope of their employment.


Many jurisdictions require businesses to maintain insurance to protect its owners and officers from liability claims. This is considered a prudent business practice, as it avoids potentially higher costs of defense in the event a lawsuit is filed against an individual.


Liability insurance primarily protects the insured from liability resulting from civil lawsuits, but coverage for criminal suits is also available if specifically requested by the policyholder.


As with many other types of insurance, liability policies can be broadly classified into three types: General Liability, insurance provides protection from bodily injury and property damage resulting from the insured's actions, while Business Interruption insurance covers lost income or other business interruption costs due to the insured's negligence. Finally, Umbrella liability coverage is a type of policy that provides additional coverage above and beyond the limits of its underlying policies.




BUILDING AND CONSTRUCTION INSURANCE Construction accidents are legion. It’s something you risk every time you step on to a construction site. Construction workers are four times more likely to die on the job than those in other industries. There are many things that can go wrong during construction and these can include, but are not limited to, slips and falls, getting struck by objects falling from a height, being caught between moving machinery or falling from great heights. Construction accidents sometimes result in death or maiming because of serious structural failures. More often they cause damage to property as well as physical injury requiring medical care and therapy.


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What Types of Businesses Require Liability Insurance in Jacksonville Florida?


Business owners need to have liability insurance in Jacksonville Florida, which is a type of insurance that covers the business in the event they are sued. There are different types of liability insurance that can be purchased depending on the risks and needs of the business owner.


There are many types of liability insurance, including general liability insurance and business owner’s policy.


Types of Businesses That Require Liability Insurance:


-Construction Companies


-Manufacturing Companies


-Municipal Government Employees


-Educational Institutions


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