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4 Types of Insurance Construction Companies in Florida Should Have

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4 Types of Insurance Construction Companies in Florida Should Have

The Sunshine State is a leader in national construction spending. In 2021, for example, more than $37 billion worth of building permits were approved in Florida, only behind Texas.

With such numbers, it’s not difficult to see why more entrepreneurs are starting construction companies in the state. However, owners of construction companies in Florida must adhere to various industry regulations. One such regulation is insurance. 

In this article, we’re digging into Florida business insurance laws. Read on to learn the various insurance policies your company should have.

1. General Liability Insurance

Construction is a risky business. The risk of injuries to construction workers is high. There’s also the risk of property damage.

How do you protect your business from the financial consequences arising from such risks? If you damage a client’s property during a remodeling project, they can sue you for compensation.

This is where general liability comes in handy. If the claim is valid, your insurer will compensate the client accordingly.

In Florida, contractors must purchase at least $300,000 liability insurance for bodily injury, and at least $50,000 for property damage. In fact, you must purchase this coverage to get your general contractor’s license.

It’s prudent to buy more liability coverage as your business grows. As you take on more construction projects, your risk exposure increases.

2. Workers’ Compensation Insurance

Construction businesses with one or more employees must purchase workers’ compensation.

This type of insurance compensates your workers after they’ve been injured on the job. This protects your business from needing to pay for their medical expenses, loss of income, and other costs out-of-pocket.

This guide has more information on what you need to know about workers’ compensation insurance in Florida.

3. Professional Liability Insurance

Professional liability insurance is popular among doctors, lawyers, and accountants. But it’s also something construction companies need.

As a contractor, you’re providing a professional service. Sometimes a mistake can happen on the job. You can miss a deadline, for example. Or make a construction error that affects the quality standards of a building.

In either case, your client can sue for compensation. With professional liability coverage, you won’t worry about paying the settlement from your own funds.

This insurance policy isn’t legally required, but it’s in your best interest to purchase it.

4. Commercial Vehicle and Construction Equipment Insurance

If your company owns vehicles, it’s a requirement to purchase commercial auto insurance. In case of an accident, your company won’t have to suffer property losses or pay the medical bills of the injured.

Construction equipment insurance covers a wide range of construction machinery and equipment. It reimburses your company in the event of equipment damage during an accident or theft.

Construction Companies in Florida Must Be Insured

Construction companies in Florida must purchase general liability and workers’ compensation insurance. This is required by law. In addition, it’s wise to also purchase professional liability and equipment insurance policies.

Explore our blog for more business advice.

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When Can You Sue For Getting Cancer?

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When Can You Sue For Getting Cancer?

Being diagnosed with cancer can be devastating and affect anyone at any age. Several factors, such as genetics and lifestyle, can cause it. However, cancer can also be caused by the negligence of others. In such an instance, you can sue the people responsible for causing your cancer and claim compensation for the diagnosis and any associated damages.

Determining when and who to sue for getting cancer can be a complex process. So, it’s a wise idea to hire a lawyer to get you through the process and get the compensation you deserve. The attorney can advise you on when, how, and whom to sue for getting cancer.

With that said, here’s when you can sue for getting cancer:

  1. Product Liability 

You can sue for getting cancer from a defective product. For example, in one hair product cancer lawsuit, a claim was made that a hair straightening product was causing uterine cancer in women. The defects in the hair product increase the risk of developing uterine cancer for whoever uses it. If you think you’re in a similar situation, you can sue the manufacturers if a certain product increases your risk of developing cancer.

However, proving your case and claiming compensation can be challenging. In such a case, you must prove the defective product caused your cancer to sue the manufacturer or retailer. You’ll have to request tests on the products to prove the defect and the relationship to cancer development. The product defect has to have caused your cancer diagnosis directly. One example is when the product has excessive amounts of lead. You’ll need to hire experts or resort to government authorities to investigate the product to prove this. This way, you have a piece of solid evidence to sue the product manufacturer.

  • Medical Negligence 

Medical negligence is one of the most common reasons to sue for getting cancer. You could sue for medical malpractice if the doctors, healthcare facility, hospital, or other medical professionals failed to offer the standard of care causing your cancer diagnosis. For example, if the doctor failed to order necessary tests or misdiagnosed your case resulting in cancer progression, you can sue for medical negligence.  

To successfully sue for medical negligence, you must prove that the medical practitioner’s actions directly caused your cancer diagnosis. You must also show that you suffered damage because of the negligent actions of the medical practitioner. By doing so, you can claim compensation for treatment of progressing cancer, lost wages if you cannot work, and pain and suffering.

  • Environmental Factors 

Exposure to environmental pollutants and toxins is a common risk factor for cancer. Prolonged exposure to asbestos at the workplace, radiation, and other chemicals can increase cancer risk. If you can prove your cancer was caused by exposure to a certain environmental toxin like asbestos, consider suing the company or entity responsible for the pollutants.

Suppose a company’s activities produce excessive radiation that affects the population in a specific area and results in cancer. In that case, you can sue that company for exposing you to toxins that caused the development of your cancer.

Like the previous points, you must prove your cancer was directly caused by a specific substance you were exposed to. You’ll also have to show that the exposure was from the negligence of the company or entity you’re suing. Another aspect you must consider is the entity’s knowledge of the potential risks of exposing people to the toxin or substance. Since you’ll also claim that the company or entity was negligent, expose their bad practices that contributed to the development of your cancer.

Additionally, working in a hazardous environment may expose you to substances or toxins that can increase your cancer risk. For instance, if you’re a construction worker with constant exposure to asbestos, you’ll be at risk of developing cancer. Working as a firefighter can also expose you to asbestos and other carcinogenic substances that cause cancer.  

You can sue your employer for getting cancer while working in a hazardous environment. To be successful, you must prove the cancer was caused directly by exposure to a specific chemical or substance at the workplace or in the line of duty. For example, getting cancer from asbestos exposure at a construction site.  

In such a suit, you’ll claim compensation for the medical expenses covering the diagnosis and treatment, lost wages, damages for the pain and suffering caused to you and your family, and other associated costs.  

Conclusion  Getting a cancer diagnosis because of someone else’s negligence can be traumatizing and devastating. However, you can get a little relief through compensation for the medical expenses and other related damages, such as pain and suffering. The process of suing for getting cancer can be complicated, and it’d be best to hire an experienced lawyer to handle the litigation process. An attorney can also advise on the available legal options available and the compensation to seek.

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