Let’s get down to business, Lakeland. ICYMI, we were included in Inc.’s list of The 50 Best U.S. Cities for Starting a Business in 2020 back in December. And for good reason: While our median housing prices have remained low, we’ve experienced significant job growth + innovation in our business community (hey, Catapult + LEDC 👋).
If you’re one of Lakeland’s many business owners, you likely know a thing or two about business insurance. But for those of you considering starting a business now or in the future, here are the primary types of business insurance to know:
Commercial General Liability
- Protects a business from “liability exposures,” like negligent acts that cause bodily injury or property damage.
- It doesn’t cover everything, though.
Commercial Building + Personal Property
- Protects a business from loss of property, like machinery + equipment.
Business Owners Policy (BOP) Package Insurance
- Policies that bundle several types of coverage.
- Can potentially save businesses money.
- Generally designed for small- to medium-sized businesses.
Business Auto
- If a business uses automobiles, this kind of insurance protects against bodily injury + property damage.
Bottom line: To choose the insurance plan that’s best for you + your business, it helps to talk to a pro. Click here to learn about family-owned Heacock Insurance, which has been serving Lakeland for nearly 100 years. Ⓟ
