☰ ˟
Get In Touch / 321.206.8035
Garzor Insurance Logo
  • Home
  • Get A Quote
  • Customer Service
  • What We Offer
    • Business & Commercial
    • Bonds
    • Commercial Auto Insurance
    • Contractors Insurance
    • Non-Emergency Medical Transportation
    • Professional Liability Insurance
    • Restaurant, Bar, & Tavern Insurance
    • Trucking
    • Workers Compensation
  • Blog
  • Resources
    • Refer a Friend
    • Event Calendar
    • Important Links
    • Insurance Glossary
    • Frequently Asked Questions
  • About Us
    • About Garzor Insurance
    • Our Locations
    • Employee Directory
    • Our Partners
    • Customer Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
    • Client Login
    • Join Our Newsletter

What type of coverage do you need?
Home > Blog > Business Insurance for LLCs - Garzor Insurance
THURSDAY, FEBRUARY 6, 2020

Business Insurance for LLCs

 

Orlando, Fla.—When you first plan your concept, until you finally execute your envisioned project it’s hard to understand that everything, literally everything you laid out in those plans can suddenly no longer exist. It takes time and hard work to grow a company, especially if you’re coming from ground zero. A costly lawsuit could ruin your efforts if you aren’t adequately prepared.


Oftentimes, it is hard to observe how many entrepreneurs see insurance just as a line item in their budgets.


Not everybody was born to be a business owner, yet if you own a business, you are considered a rain maker — it is so because if not now, eventually you will start providing bread and butter to other families’ tables as well. That is one BIG responsibility, and a very good reason why you must be well prepared to defend your self provided source of income, taking charge of other’s wellbeing by creating a much appreciated job opportunity.


If you are starting your business as an LLC you are not obligated to buy policies in many cases but there more than good reasons to be well protected in case the unexpected happens.



FIRST

You Need Protection Against a Lawsuit

One key area why an LLC might need business insurance is for protection against lawsuits. Many LLCs form to help protect the owners of the company. However litigation against individual members due to actions of the business is still a possibility. This is where having general liability insurance becomes incredibly important. In some cases, coverage extends to both the LLC and the owners. It can protect both the business and owner assets.


ALSO

If your industry requires you to be covered, as it would be the case of a taxi, or ride share business owners.

As a LLC you would also need business insurance if it is a rule of operations. 


For example, in some areas of the country, healthcare providers routinely need professional liability insurance. They have to do so in order to maintain state licensing.


Most commercial landlords require proof of general liability insurance before signing a lease. Having this coverage before having to show proof is vital to ensure your business runs smoothly.


WE ALREADY TALKED ABOUT THEM They’re your most valued asset.


LLCs with employees also need business insurance. Many small companies opt to hire staff within the first few years they are operating. In this case, state law usually requires you to carry worker’s compensation insurance. It will act as a protection in case any on-the-job injuries occur.


As we mentioned before, having business insurance may not be required for LLCs but, are your willing to operate without it and assume the risk?


At Garzor Insurance we specialize in commercial insurance coverage for businesses in Florida as well as Georgia. If you have questions about business insurance for LLCs, or any other commercial insurance aspects, do not hesitate to visit us online at Garzor Insurance, or you may also call us directly at (321) 206-8035.

 

Mariana Zorrilla, CIC, CRIS, CPIA

Agency Principal
Click here to contact Mariana Zorrilla, CIC, CRIS, CPIA 


Posted 10:33 PM

Tags: limited liability, business, insurance, florida, oralando, workers compensation, professional liability, general liability
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017

  • florida(120)
  • insurance(105)
  • business(70)
  • orlando(55)
  • texas(52)
  • commercial(44)
  • commercial insurance(31)
  • georgia(28)
  • workers compensation(17)
  • business insurance(16)
  • small business(13)
  • general liability(9)
  • transportation(7)
  • holidays(6)
  • liability(6)
  • covid-19(6)
  • coverage(6)
  • hurricane(6)
  • commercial auto insurance(5)
  • central florida(5)
  • hurricane season(5)
  • commercial vehicles(5)
  • sba(4)
  • restaurant insurance(4)
  • professional liability(4)
  • flood insurance(4)
  • california(4)
  • restaurant(4)
  • truck insurance(4)
  • irma(3)
  • workplace(3)
  • nemt(3)
  • supply chain(3)
  • trucks(3)
  • risk(3)
  • holiday season(3)
  • contractors insurance(3)
  • auto(3)
  • pandemic(3)
  • safety(3)
  • business owners policy(3)
  • medicaid(3)
  • small businesses(3)
  • office(3)
  • burglary(2)
  • non-emergency(2)
  • management(2)
  • commercial auto(2)
  • vandalism(2)
  • workers comp(2)

View Mobile Version

Our Customer Feedback

Read More

Our latest blogs

  • Carrier
  • Carrier
  • Carrier
  • Guard Insurance Orlando
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Liberty Mutual Insurance Orlando
  • Nationwide Insurance in Orlando
Garzor Insurance
4369 Hunters Park Lane.
Orlando, Fl 32837
(321) 206-8035
Garzor Insurance is your local Commercial Insurance agency, offering a wide spectrum of business and commercial insurance options.
We support Florida business owners in finding the right coverage at the right price. Orlando, St. Cloud, Kissimmee, Apopka, Clermont, Melbourne, Lakeland, Jacksonville, Ocala
**New Office in Houston, Texas**
We're here for you
Home Page/ About Us/ Contact Us/ Our Blog/ Events/ Refer A Friend/ Our Partners/ Client Login
Quick Help Links
Quote Forms/ Service Forms/ File a Claim/ Make a Payment/ Insurance Glossary/ FAQs

Icon Icon
        

 

Icon Icon Icon
Social Icon Social Icon Social Icon Social Icon Social Icon
© Copyright. All rights reserved. Powered by Insurance Website Builder