What does FSIC mean in COMPANIES & FIRMS


FSIC, an acronym that stands for Florida Specialty Insurance Company, is a leading provider of specialized insurance products and services in the state of Florida.

FSIC

FSIC meaning in Companies & Firms in Business

FSIC mostly used in an acronym Companies & Firms in Category Business that means Florida Specialty Insurance Company

Shorthand: FSIC,
Full Form: Florida Specialty Insurance Company

For more information of "Florida Specialty Insurance Company", see the section below.

» Business » Companies & Firms

What does FSIC Stand for?

FSIC is an abbreviation for Florida Specialty Insurance Company.

FSIC Meaning in Business

FSIC plays a significant role in the insurance industry by offering tailored insurance solutions to meet the unique needs of various businesses in Florida, including:

  • Property and Casualty Insurance: Coverage for businesses against losses due to natural disasters, accidents, and other unforeseen events.
  • Commercial Automobile Insurance: Protection for businesses against liability and damages related to commercial vehicle use.
  • Workers' Compensation Insurance: Coverage for employees who suffer work-related injuries or illnesses.
  • Professional Liability Insurance: Protection for businesses against claims of negligence or errors and omissions by their professionals.
  • Cyber Liability Insurance: Coverage for businesses against financial losses and legal expenses resulting from cyber attacks or data breaches.

Essential Questions and Answers on Florida Specialty Insurance Company in "BUSINESS»FIRMS"

What is the Florida Specialty Insurance Company (FSIC)?

FSIC is a state-chartered property and casualty insurance company that provides homeowners, flood, and commercial insurance coverage in Florida. It was created in 1985 as a not-for-profit insurer of last resort, providing coverage to policyholders who are unable to obtain insurance from other sources.

What types of insurance does FSIC offer?

FSIC offers a range of insurance products, including:

  • Homeowners insurance
  • Flood insurance
  • Commercial insurance
  • Excess flood insurance
  • Reinsurance

Who is eligible for FSIC insurance?

FSIC provides insurance coverage to individuals and businesses located in Florida who are unable to obtain insurance from other sources. This includes:

  • Homeowners who live in high-risk areas or have difficulty obtaining insurance due to claims history or other factors
  • Businesses that are unable to obtain insurance from standard commercial markets
  • Individuals and businesses who require flood insurance

How do I apply for FSIC insurance?

To apply for FSIC insurance, you can:

  • Visit the FSIC website at www.fsic.org
  • Call the FSIC customer service hotline at 1-800-226-3950
  • Contact an insurance agent who is authorized to sell FSIC insurance

What are the benefits of having FSIC insurance?

FSIC insurance provides several benefits, including:

  • Peace of mind knowing that you have insurance coverage even if you cannot obtain it from other sources
  • Affordable rates that are comparable to other insurance companies
  • Excellent customer service and support

Final Words: FSIC is a specialized insurance provider that caters to the unique insurance needs of businesses in Florida. Its comprehensive range of products and services helps businesses mitigate risks, protect their assets, and operate with confidence.

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