So you’ve just gone and done it, you’ve had a Lakeland parking lot paving installed on your property. This is no small decision to make. In fact, this one decision is something that you’re going to have to live with for the next twenty or so years of your life.

This is a long-term investment for your business and isn’t a decision that you made lightly. So if you have made the decision to have a parking lot installed on your property, you are probably also looking for the best way to protect your Lakeland parking lot paving investment. Read on to learn more about some of the insurance policies that you can take out on your parking lot.

General Liability Insurance

No matter the business that you run, it is always a good idea to take out a general liability insurance policy as a sort of general form of protection that you can utilize for your parking lot.

The thing that you have to remember about the function of your parking lot is the fact that a lot of people are going to be making their way in and out of your parking lot, in vehicles, no less, which can be a risk of some sort of injury.

If somebody got injured on your property because of something on your parking lot, your business could be sued for damage or injury. This is something that you’re going to want to avoid as much as possible.

For example, if someone trips over an uneven patch of paving on the way to their car and get injured as a result of it, then they may decide to sue your business for damages. General liability insurance is a good way to make sure that your business is properly protected if this ever happens.

Worker’s Compensation

If you employ valets or workers for your Lakeland parking lot paving, then you are definitely going to need a worker’s compensation insurance plan for your parking lot. If your workers ever get injured on the job, then the insurance policy can do a great job of protecting your business and still provide for your workers.

For example, if a valet or parking lot attendant gets injured while working in the parking lot, then the insurance policy can help cover their hospital bills as well as cover a portion of their lost wages while they focus on their recovery. This takes a load off of yours and their shoulders.