With businesses moving from the traditional office setup to online business, one may expect their commercial insurance to change — and rightly so. An online business presents you with unique risks that you need to mitigate by investing in a commercial insurance policy from Zot Insurance Agency of Davie, FL. Yes, you may not have a physical office, but this doesn’t mean you don’t have risks.

Do you have an online business? Below are coverages to consider for your business.

Liability insurance

Whether your business is physical or online, you need general liability insurance to protect your business against advertising injury, property damage, and bodily injury. Your products or services could harm customers. Similarly, you could publish a report deemed libelous by a third party. Either way, liability insurance covers you, ensuring you don’t incur out-of-pocket expenses.

Worker’s comp insurance

If you have one or more employees in your business, you need to invest in worker’s comp insurance to protect them from illnesses or work-related injuries. Besides, this coverage compensates your employees for partial loss of income when they cannot resume work.

Cyber liability insurance

By their nature, online businesses face a constant threat of cyber crime activities like hacking. When this happens, you could suffer data breaches and other costly consequences. Worse yet, if you store sensitive data on behalf of clients, any leakage may result in expensive lawsuits. Without business insurance, your business can’t withstand such costs.

Cyber liability insurance helps you pay for legal fees, notification costs, public relations expenses, and other related costs, lessening your financial burden when faced with cyber threats. 

Professional liability insurance

If you offer online professional services, you need liability coverage to protect you when sued for alleged negligence, missed deadlines, or non-delivery. Professional liability insurance covers legal costs, including lawyer fees. 

Buy commercial insurance today

Whether your Davie, FL business is online or physical, you need commercial insurance that suits the nature of your business. If you need commercial insurance coverage, don’t hesitate to contact Zot Insurance Agency for a competitive quote.