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The Importance of Insurance
Commercial Truck Insurance Florida
Florida Commercial Auto Insurance Requirements
Florida Business Insurance Requirements


The Importance of Insurance
Having insurance is important in all aspects of life. The state of Florida requires certain types of insurance depending on what activities you're engaged in. When operating a business you will need to cover all commercial trucks and other vehicles used for your business as well as have insurance for the business itself. These required coverage are important to have to keep you, your business, and your customers properly covered in the event of any unexpected accidents. The cost of your insurance will depend on how much coverage you need and is a case by case situation. When purchasing your Florida business insurance you should consider your location. If you're in an area that gets lots of hurricane damage and floods, your rates will be higher.



Commercial Truck Insurance Florida
If you're using a business owned vehicle to get work done you will need to meet the commercial truck insurance Florida requires as well as meet the needs specific to the company vehicles you're using. Your commercial truck will need to have insurance in order to protect the business from any liability if an accident occurs. To cover your trucks, you should get comprehensive coverage. Comprehensive coverage will save money in the long run for incidents including broken down vehicles, broken windshield and tow services. Another key factor in your comprehensive coverage is gap coverage, which will pay out cash based on the devalued difference. If you owe more money for your vehicle than the value equals, gap coverage will make up the difference. 



Florida Commercial Auto Insurance Requirements
Florida's no fault requires commercial vehicles to have $10,000 in personal injury protection as well as property damage liability with a minimum amount of $10,000. All parties must cover the initial $10,000 in medical bills on their own before pursuing the responsible person and that's what PIP in Florida commercial auto policies covers. The PIP will pay 80% of medical, 60% for wages lost, as well as a death benefit of not more than $5000. The maximum limit that will be paid on behalf of a company that meets Florida commercial auto insurance requirements is $10000.



Florida Business Insurance Requirements
Florida business insurance requirements are made to help you get coverage for expenses that your personal insurance will not be sufficient to cover. Some of these liabilities include damages, court costs, and legal fees that your company could face in the event of a lawsuit. Having business owner's insurance will protect the company if a person gets injured on the property, gets hurt from a faulty installation, or if the person gets hurt from one of the products you sell or manufacture. The type of coverage you'll need for your business depends on your type of business, where in Florida you are living, and the total value of assets used in the business. In order to cover all your assets it's important to keep an inventory of every asset and a realistic estimate of current value and costs for replacement. You will need these numbers before you determine the right amount of coverage.

Resources and References
1.https://www.myflorida.com/
2.https://www.thehartford.com/business-insurance/why-do-i-need-business-insurance